The annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years is 11.61%.
Step-by-step explanation:
We are required to determine the annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years. Let us denote the annual rate of return as r.
Therefore, we can say that $1,000 grows to $2,000 in six years with an annual rate of return r if,$$2,000=1,000(1+r)^6$$
On simplification of the above equation, we get,$$(1+r)^6=2$$
Now, taking the logarithm on both sides, we have,$$6 \log(1+r)= \log(2)$$$$\Rightarrow
r = \frac{\log(2)}{6}$$$$\Rightarrow
r = \frac{0.693}{6}$$$$\Rightarrow
r = 0.1151$$
Therefore, the annual rate of return that is earned on a $1,000 investment when it grows to $2,000 in six years is 11.61% (rounded to 2 decimal places).
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the following data pertains to activity and costs for two months: june july activity level in units 10,000 11,000 direct materials $ 17,000 $ ? fixed factory rent 21,000 ? other production costs 20,000 ? total cost $ 58,000 $ 61,300 assuming that these activity levels are within the relevant range, the other production costs for july were
The other production costs for July were $23,300.
Here's how to get to the answer:Direct Materials is a variable cost because it increases in direct proportion to the increase in production or activity level. Fixed Factory Rent is a fixed cost because it does not vary with changes in the production level.Other Production Costs can include a mix of variable and fixed costs, so we can't assume that it is either one of them.
Therefore, we will need to calculate the Other Production Costs for July using the High-Low method.The High-Low method can be used to separate the variable and fixed components of mixed costs. It involves selecting the highest and lowest activity levels, identifying the total costs incurred at those levels, and calculating the variable cost per unit and the fixed cost component.
We will begin with calculating the variable cost per unit.Variable Cost per Unit = (Costs at High Activity Level - Costs at Low Activity Level) / (High Activity Level - Low Activity Level)= ($61,300 - $58,000) / (11,000 - 10,000)= $3.30 per unitNext, we will use the variable cost per unit to calculate the fixed cost component.Fixed Costs = Total Costs - (Variable Cost per Unit x Number of Units)= $61,300 - ($3.30 x 11,000)= $22,800
Finally, we can use the fixed cost component to calculate the Other Production Costs for July.Other Production Costs for July = Total Costs - (Direct Materials + Fixed Factory Rent + Fixed Costs)= $61,300 - ($17,000 + $21,000 + $22,800)= $23,300Therefore, the Other Production Costs for July were $23,300.
The complete question is:
The following data pertains to activity and costs for two months:
JuneJulyActivity level in units 10,000 11,000 Direct materials$17,000 $? Fixed factory rent 21,000 ? Other production costs 20,000 ? Total cost$58,000 $61,300
Assuming that these activity levels are within the relevant range, the other production costs for July were: (Round intermediate calculations to 2 decimal places.)
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green company sponsors a defined benefit pension plan. the pension formula is calculated based on the following formula: 1.5% x number of service years x final salary. the assumed discount rate is 5%. if an employee is expected to retire in 10 years with a final annual salary of $200,000, has earned 20 years of service, and is expected to receive an annual pension for 20 years, the current pbo rounded to the full dollar will be
As per the given pension, the current PBO rounded to the full dollar for the employee in question is $13,884.
In this case, the employee has 20 years of service and a final salary of $200,000, so the pension payment amount would be:
Pension payment amount = 1.5% x 20 x $200,000 = $60,000
To calculate the PV factor, we need to use the discount rate and the number of years until the pension payments begin. In this case, the employee is expected to retire in 10 years and receive pension payments for 20 years, so the total number of years is 30.
PV factor = 1 / (1 + discount rate)ⁿ
PV factor = 1 / (1 + 0.05)³⁰ = 0.2314
Finally, we can calculate the PBO by multiplying the pension payment amount by the PV factor:
PBO = $60,000 x 0.2314 = $13,884
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after the petty cash fund is established, the petty cash account is not debited or credited again unless the amount of the fund is changed. true flase
False; after the petty cash fund is created, it is not necessary to debit or credit the account again unless the fund's size changes.
What occurs after a petty cash fund is created?The corporation has internal control over the money in the fund by designating one person as the fund's manager. to start a small cash fund. The petty cash custodian typically deposits the cash in a small, lockable box once the check is cashed. The fund is now prepared for distribution as required.
Is small change a debit or credit?The petty cash account is a current asset in financial accounting. As a result, the money is recorded as a typical debit balance.
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suppose you could produce one more (the fifth) widget at a marginal cost of $5. if you do produce that fifth widget, what will your average total cost be? has your average total cost increased or decreased? why?
The average cost increases as the value of the 5th widget are much more than the average. The extra $10 ( 20-10) uniformly increases by $2 for every widget.
Marginal cost = 40+20 = $60
Average cost for 5 items = 60/5 = $12
Marginal cost is the cost of producing one additional unit of a good or service. In other words, it is the increase in total cost that results from producing one more unit of output. Marginal cost is calculated by dividing the change in total cost by the change in quantity produced.
Marginal cost is an important concept in economics because it helps businesses make decisions about how much to produce. If the marginal cost of producing an additional unit is lower than the price the business can sell it for, it is profitable to produce more. However, if the marginal cost is higher than the price, it is not profitable to produce more and the business may choose to reduce production.
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Complete Question:
Suppose instead that you could produce one more (the fifth) widget at a marginal cost of $20. If you do produce that fifth widget, what will your average total cost be? Has your average total cost increased or decreased? Why?
which of the following are functions of money? multiple select question. hedge against inflation store of value unit of account medium of exchange
Answer:unit of account Median of exchange Store of value
Explanation:
The following are functions of money:
Hedge against inflation.Store of value.Unit of account.Medium of exchange.Money is defined as something that is accepted as a method of payment for goods, services, or debts, as well as a means of calculating the relative worth of things. In other words, money is used as a medium of exchange, a store of value, a unit of account, and a hedge against inflation. The characteristics of money are distinct, although they may overlap.
Hedge against inflation
When a country experiences inflation, the prices of goods and services increase, and the value of money decreases. Money is a useful hedge against inflation since it can maintain its value in the long run when inflation rates rise.Store of value:Money serves as a store of value since it can be saved for future purchases.
If an individual saves their money, it can be utilized in the future to purchase something of worth, and it will not lose its value. Money can be held in a variety of forms, including bank deposits, currency, and bonds.Unit of account:Money is employed as a unit of account to determine the worth of goods and services.It enables individuals to determine the cost of a good or service and allows for a common language for pricing.
Medium of exchange:One of the most critical functions of money is to act as a medium of exchange. Money can be used to buy goods and services. Rather than bartering or trading one good for another, cash can be exchanged for a good or service.
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product differentiation, low costs, and the development of new products or services are key to a company's success at which stage of the product life cycle?
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the product life cycle.
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the Product Life Cycle. During the Growth stage, a company must work to differentiate itself from competitors by creating unique products and services and by focusing on keeping costs low in order to maximize profits. It is also important to continue to innovate and develop new products and services in order to maintain market share and to stay competitive.
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to determine whether an economy is operating at its golden rule level of capital stock, a policymaker must determine the steady-state saving rate that produces the:
To determine whether an economy is operating at its golden rule level of capital stock, a policymaker must determine the steady-state saving rate that produces the highest steady-state consumption per capita.
A golden rule level is an optimal level of the capital stock that maximizes consumption in the steady state. A policymaker must determine the steady-state saving rate that produces the highest steady-state consumption per capita to determine whether an economy is operating at its golden rule level of capital stock.
The steady-state capital stock that maximizes consumption in the steady state is known as the Golden Rule capital stock level. When determining the Golden Rule capital stock level, economists presume that firms maximize profits and that households maximize utility. According to the neoclassical growth model, at the Golden Rule level of capital stock, the marginal product of capital equals the economy's steady-state rate of depreciation (which is a function of the steady-state population growth rate).
As a result, if the economy invests a certain amount in physical capital, the extra production created by the new capital would be entirely counterbalanced by the depreciation of existing capital. As a result, the economy would be unable to increase consumption by investing more. As a result, the steady-state capital stock would be the Golden Rule capital stock level.
The formula for calculating the steady-state capital stock is as follows:K* = [(s / δ + n + g) / A]1 / (1 − α)where,K* is the steady-state capital stock, s is the economy's steady-state saving rate,δ is the rate of depreciation, andn + g is the rate of population growth plus technological progress (i.e., the growth rate of the labor-augmenting technical change parameter),α is the elasticity of output with respect to capital, andA is a productivity parameter that represents technology.
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question content area a statement of stockholders' equity reports the changes in stockholders' equity for a period of time. true false
The statement of stockholders 'equity reports the changes in stockholders' equity for a period of time is True.
This statement typically shows the beginning balance of stockholders' equity, any changes that occurred during the period (such as net income, dividends paid, and stock issuances), and the ending balance of stockholders' equity.
The statement of stockholders' equity is an important financial statement that is often included in a company's annual report or 10-K filing with the Securities and Exchange Commission (SEC). It provides useful information for investors and analysts to understand how a company's equity has changed over time and what factors have contributed to those changes.
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which of the following may be a business or organizational customer?multiple choiceall of these examples may be business and organizational customers.a federal government agencya producer of goods and servicesa retailer
A federal government agencies, producers of goods and services, and retailers may be a business or organizational customer. The correct option is D. all of these examples may be business and organizational customers.
Business or organizational customers refer to entities that purchase goods and services from other businesses or organizations. Federal government agencies are a common example of business or organizational customers, as they purchase goods and services to meet the needs of their operations.
There are four major types of business or organizational customers. They include producers, intermediaries, government, and institutional markets.
Producers: These are firms that produce goods and services to sell to other businesses, government entities, and individuals.
Intermediaries: These are wholesalers, agents, brokers, or middlemen who connect businesses with producers to help with distribution.
Government: This market includes all levels of government, including local, state, and federal entities, who require goods and services to maintain operations.
Institutional: These are educational organizations, healthcare facilities, and nonprofit organizations that require goods and services for their operations.
In conclusion, federal government agencies, producers of goods and services, and retailers may be business or organizational customers.
The complete question is;
which of the following may be a business or organizational customer?
A. a federal government agency
B. a producer of goods and services
C. a retailer
D. all of these examples may be business and organizational customers.
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if a business firm landscapes its grounds and develops a sculpture garden that benefits the firm but also benefits the neighborhood, that would be an example of a .
If a business firm landscapes its grounds and develops a sculpture garden that benefits the firm but also benefits the neighborhood, it would be an example of a good corporate citizen.
What is corporate citizenship?Corporate citizenship, often known as corporate social responsibility, refers to a company's dedication to behaving ethically and giving back to society in various ways. By operating in such a way that improves society and the natural environment, businesses make a meaningful contribution to corporate citizenship.
Corporate citizenship is a significant component of business operations in the twenty-first century. Many companies choose to engage in activities that benefit the communities they serve in order to build a good reputation and develop customer loyalty.
Landscaping grounds and developing sculpture garden that benefits a firm but also benefits the neighborhood is an example of how business organizations are engaged in activities that enhance the quality of life of the people who reside and operate within their vicinity.
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which of the following best characterizes the statement? the statement demonstrates that association proves causation. the statement ignores the secondary effects of government policies. the statement violates the ceteris paribus condition. the statement contains the fallacy of composition.
The statement demonstrates that association proves causation, which is a logical fallacy. This fallacy assumes that because two events or phenomena are observed to occur together, one event is the cause of the other.
However, this is not necessarily true and does not take into account any secondary effects. This statement also violates the ceteris paribus condition which states that all other factors must remain equal for an effect to be attributed to any one variable. Furthermore, this statement also contains the fallacy of composition which states that what is true of the parts, is also true of the whole.
This is not always true and can lead to false conclusions. In summary, the statement demonstrates that association proves causation, ignores secondary effects, violates the ceteris paribus condition, and contains the fallacy of composition.
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lawyers work in pleasant surroundings at low risk of injury, but they generally receive higher pay than construction workers. this is because
The statement that lawyers work in pleasant surroundings at low risk of injury, but they generally receive higher pay than construction workers because: Lawyers work in pleasant surroundings at low risk of injury, but they generally receive higher pay than construction workers because of their higher education and specialized skills.
The level of education required for a lawyer is much higher than for a construction worker. Lawyers usually have completed an undergraduate degree and then have gone to law school for at least three years. During their education, they have learned skills such as research, writing, and critical thinking, as well as specialized knowledge of the law. These skills and knowledge are in high demand and are what allow lawyers to command higher salaries.Construction workers typically do not require as much education and training as lawyers. While there may be some specialized skills required for certain construction jobs, the overall level of knowledge and education required is generally lower than that of a lawyer. This is why construction workers typically receive lower pay than lawyers, even though their jobs may involve more physical labor and a higher risk of injury.
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what is the current trend in measuring the effectiveness of corporate ethics and compliance programs?
The current trend in measuring the effectiveness of corporate ethics and compliance programs is through the use of data analytics.
Data analytics involves the use of software and other tools to analyze large amounts of data to identify patterns, trends, and other insights that can be used to improve corporate ethics and compliance programs.
This can help identify areas of non-compliance and unethical behavior and can provide insights into the effectiveness of training programs and other initiatives aimed at improving corporate ethics and compliance.
Data analytics can also be used to identify areas where additional resources may be needed to improve the effectiveness of ethics and compliance programs.
It is an important tool for measuring the effectiveness of corporate ethics and compliance programs and is likely to become increasingly important as companies seek to improve their ethical performance in response to increasing stakeholder demands for transparency and accountability.
Therefore, the current trend in measuring the effectiveness of corporate ethics and compliance programs is through the use of data analytics.
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if 12,500 units were produced and sold, what is the average fixed manufacturing cost per unit produced?
The average fixed manufacturing cost per unit produced is calculated by dividing total fixed costs by the number of units produced. In this case, if 12,500 units were produced and sold, the average fixed manufacturing cost per unit is calculated by dividing total fixed costs by 12,500 units.
Total fixed costs can be found by subtracting the variable manufacturing costs from the total costs. This can be calculated by multiplying the variable costs by the number of units produced and subtracting it from the total cost of production. After subtracting variable costs, divide the resulting number by the number of units produced to find the average fixed manufacturing cost per unit.
Therefore, the formula to calculate the average fixed manufacturing cost per unit produced is as follows: Average fixed manufacturing cost per unit produced = (Total cost of production - (Variable cost per unit x Number of units produced)) / Number of units produced.
In this case, the average fixed manufacturing cost per unit produced is equal to (Total cost of production - (Variable cost per unit x 12,500)) / 12,500.
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business innovation involves the products companies produces or the unique ways companies fill unmet consumer needs. group of answer choices true false
True: Business innovation involves the products companies produce or the unique ways companies fill unmet consumer needs.
Business innovation is the process of developing original ideas, products, or processes to address organizational challenges or opportunities. Business innovation may occur in any of an organization's functions, including management, marketing, sales, service, and operations. Innovation can provide a competitive advantage to businesses in a variety of ways. It enables businesses to develop new or enhanced products, increase productivity and efficiency, and lower costs.
Business innovation can also enhance a company's relationship with customers, expand its market reach, develop its reputation for quality and reliability and meet consumer needs.
Therefore, business innovation is a critical driver of economic growth and productivity.
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what is the difference between income and expenses?
Income and expenses are two fundamental concepts in personal finance. Income refers to the money earned or received during a particular period, usually on a monthly or annual basis.
This includes wages, salaries, tips, bonuses, interest, dividends, and any other source of revenue. Income can be categorized as gross or net, depending on whether or not taxes and other deductions have been taken out.
Expenses, on the other hand, refer to the money spent during a particular period. Expenses can be fixed or variable, and they can be essential or discretionary. Fixed expenses are bills that must be paid regularly, such as rent, mortgage, car payments, and insurance premiums. Variable expenses are discretionary, meaning they can be adjusted and are not essential. Examples include groceries, entertainment, clothing, and travel.
The difference between income and expenses is known as net income or net cash flow. If income is greater than expenses, there is a surplus, which can be saved or invested. If expenses are greater than income, there is a deficit, which may lead to debt or financial hardship. Understanding and managing the difference between income and expenses is essential for maintaining financial stability and achieving long-term financial goals.
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According to the text, which two groups create the largest proportion of consumers in the diffusion process of innovation?
Select one:
a. late majority and laggards
b. early majority and late majority
c. innovators and laggards
d. early adopters and early majority
e. innovators and early adopters
According to the text, the two groups that create the largest proportion of consumers in the diffusion process of innovation are the early adopters and the early majority. Therefore, the correct option is d. early adopters and the early majority.
The diffusion process of innovation refers to the spread or the process by which an innovation, technology, or idea is adopted and spreads throughout the market or society. This diffusion process comprises of five different groups or stages of customers or consumers. These groups are innovators, early adopters, early majority, late majority, and laggards.
According to the theory, two groups create the largest proportion of consumers in the diffusion process of innovation, which are early adopters and the early majority. Early adopters refer to those customers who are the first to purchase and adopt new products and technologies. They are risk-takers and tend to be opinion leaders. The early majority, on the other hand, comprises customers who adopt new products and technologies just after the early adopters, but before the average consumers. They are more deliberate and tend to assess the experiences of the early adopters before purchasing the new products or technology.
The correct option is d.
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the natural rate of unemployment (nru) occurs when elimination tool select one answer a the number of job seekers is greater than the number of job vacancies. b the number of job seekers is equal to the number of job vacancies. c the number of job seekers is less than the number of job vacancies. d frictional unemployment is no more than 2%.
The natural rate of unemployment (NRU) occurs when elimination tool is frictional unemployment is no more than 2%. (option d).
Frictional unemployment, which refers to the temporary unemployment that occurs as workers search for new jobs or enter the workforce, is a natural part of the labor market and is generally not included in the NRU calculation.
However, it is important to keep frictional unemployment at a reasonable level, typically around 2%, to ensure that workers can move between jobs and that employers can find the workers they need.
In summary, the NRU is the level of unemployment that exists when the labor market is in equilibrium, and there is no cyclical unemployment. It is determined by various factors and is typically measured by the number of job seekers being equal to the number of job vacancies.
So, the correct option is (d).
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2. a company does not check references or conduct a criminal background check on an employee. the employee has a long history of violent crime. the employee physically attacks a customer who subsequently sues the company. this is an example of
The employee physically attacks a customer who subsequently sues the company. This is an example of Type II—Customer/Client(Type II violence).
The failure of the company to check references or conduct a criminal background check on the employee, despite their known history of violent crime, could be seen as a form of negligence that contributed to the violent incident. As a result, the company may be held liable for the actions of the employee and the harm caused to the customer.
Type II violence typically involves a customer, client, patient, student, or inmate becoming violent while being served by a business. In the example provided, it is the employee who is the perpetrator of the violence, not the customer. Therefore, while the incident may be a form of workplace violence, it is not a clear example of Type II violence.
However, the failure of the company to check references or conduct a criminal background check on the employee, despite their known history of violent crime, could be seen as a form of negligence. By failing to take reasonable steps to screen job candidates, the company may have contributed to the violent incident.
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in customer feedback surveys, rtc corp customers have indicated that they have a similar experience each time they interact with the company. this reflects success in which service quality dimension?
In customer feedback surveys, RTC Corp customers have indicated that they have a similar experience each time they interact with the company. This reflects success in the consistency service quality dimension.
RTC Corp customers experiencing a similar experience each time they interact with the company reflects success in the service quality dimension of consistency.
Consistency is a service quality dimension that refers to the uniformity and reliability of the service. It is the extent to which a company offers dependable and accurate services, including availability, delivery, dependability, and reliability.
The consistency dimension of service quality encompasses the following:-
Keeping promises made to customersConsistency across channelsDependability and reliability of service deliveryQuality of service deliveryTherefore, this ensures that customers are satisfied with the services they receive and that they have a positive experience. So, the success of RTC Corp in the consistency dimension of service quality reflects its ability to meet customer expectations and provide high-quality services.
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which of the following generic competitive strategies would a producer of commodity such as steel most likely pursue? broad low cost exclusive dealing broad differentiation horizontal integration focus differentiation
A producer of a commodity such as steel would most likely pursue the broad low-cost generic competitive strategy.
Generic competitive strategies refer to the strategic decisions of an organization in order to achieve a competitive advantage over its rivals. Organizations utilize generic competitive strategies to build a sustainable competitive advantage by exploiting the weaknesses of their competitors in order to boost their market position.
The four most commonly utilized generic competitive strategies are: Cost leadership Broad differentiation Narrow focus Cost leadership and differentiation. The choice of generic strategy is determined by the industry's structural characteristics such as the industry life cycle stage, the level of product differentiation, the intensity of competition, the firm's resources, and the firm's position within the industry. The most appropriate strategy for a commodity producer like steel would be cost leadership.
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Which of the following best describes the purpose of the expenditure multiplier?a. quantify the change in the size of the money supply that occurs as a result of a change in the reserve ratiob. quantify the change in the interest rate that will occur as a result of an increase deficit spendingc. quantify the change in aggregate demand (AD) that will occur as a result of a change in government spending, but not other components of AD
The purpose of the expenditure multiplier is (C) to quantify the change in aggregate demand (AD) that will occur as a result of a change in government spending, but not other components of AD.
The expenditure multiplier measures the impact of changes in government spending on the overall level of economic activity, as represented by changes in aggregate demand. Specifically, the multiplier captures the extent to which an initial change in government spending leads to additional changes in consumer spending, business investment, and net exports through a series of rounds of spending and income. This concept is an important tool in macroeconomics for analyzing the effects of fiscal policy on the economy.
Option a is incorrect because the expenditure multiplier is not concerned with changes in the money supply resulting from changes in the reserve ratio. Option b is incorrect because the expenditure multiplier is not focused on changes in interest rates resulting from an increase in deficit spending, but rather on changes in overall economic activity resulting from changes in government spending.
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it is march 8 and a farmer delivers to your elevator a total of 5,000 bushels of corn and prices them across the scales at your current board price. what futures order do you enter to keep your price risk balanced?
To keep your price risk balanced, you should enter an equal and opposite futures order for the 5,000 bushels of corn.
That is, if you delivered 5,000 bushels of corn on March 8 and priced them across the scales at your current board price, you should enter a sell order for 5,000 bushels of corn on the futures market to offset the risk of your delivery.
Bushels of corn is a standard unit of measure used in the agricultural industry to quantify the volume of corn produced or traded. It is defined as a unit of volume equal to 8 gallons or approximately 35.24 liters. In the United States, it is the most commonly used unit of measure for corn and is used in pricing, buying, and selling of corn in the commodity markets.
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if sarah's current salary is 25,000 per year and she is due to get a 3% raise this year in addition to a 2% cost of living increase, how much will her salary be after these increases take effect?
Sarah's salary after the increase will be $26,250
Sarah's current salary is $25,000 per year. She is due to get a 3% raise this year in addition to a 2% cost of living increase. So the question is how much will her salary be after these increases take effect?
The total increase that Sarah will receive this year is:
3% + 2% = 5%
Her new salary will be:
$25,000 + (5/100 × $25,000)=$25,000 + $1,250 =$26,250So, her salary after the increase will be $26,250.
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janet receives $100 with the stipulation that she must split it any way she wants with her friend evelyn. what is the smallest amount of money evelyn must receive such that she will judge the transaction to be fair and not reject the offer?
As per the stipulation, the smallest amount of money Evelyn must receive such that she will judge the transaction to be fair and not reject the offer is $50.
When there is a stipulation like this, it's important to consider the perspective of the person who is receiving the smaller portion of the money. In this case, that person is Evelyn.
We need to find the minimum amount of money that Evelyn would consider fair, so that she does not reject the offer.
One way to approach this is to use the concept of "equal shares." If Janet and Evelyn were to split the $100 equally, they would each receive $50. If Janet were to offer Evelyn anything less than $50, it would likely be perceived as unfair and may result in Evelyn rejecting the offer.
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pacific electronics has a website that sells electronic parts to phone manufacturers. which type of e-commerce website does pacific electronics have?
Pacific Electronics has a B2B (Business-to-Business) e-commerce website. This type of website allows them to sell electronic parts to phone manufacturers.
The type of e-commerce website that Pacific Electronics has is B2B (Business to Business).B2B e-commerce refers to online business conducted between companies, rather than between businesses and customers (B2C).
B2B e-commerce is becoming increasingly popular, and it involves one business selling goods or services to another. Manufacturers, wholesalers, and distributors frequently engage in B2B e-commerce.
A B2B e-commerce site can sell goods or services to another business or facilitate transactions between two businesses by acting as a platform. B2B e-commerce portals, such as Alibaba and Amazon Business, act as intermediaries for buyers and sellers, allowing them to connect and trade with one another.
B2B e-commerce has become more widespread in recent years, with many businesses seeing the benefits of buying and selling online. It allows businesses to reach a larger audience, expand their reach, and access a wider range of goods and services. It also speeds up the purchasing process while saving time and money for both businesses.
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which of the following items are included in cash? (select all that apply.) multiple select question. notes receivable from customers currency and coins balance in checking accounts checks from customers accounts receivable from customers
Cash refers to physical currency, coins, and other negotiable instruments that are readily available and accessible for use in transactions.
This can include paper money, coins, checks, money orders, and bank account balances that can be easily accessed and withdrawn as needed. Cash is an important component of an individual or organization's assets, and it is typically used to pay for goods and services, make investments, or fund day-to-day operations. In accounting, cash is classified as a current asset and is recorded on a company's balance sheet as a component of its total assets.
The items that are included in cash are:
Currency and coinsBalance in checking accountsChecks from customersNotes receivable from customers and accounts receivable from customers are not considered cash, as they are not actual cash on hand or in a bank account. They are considered accounts receivable, which is a type of asset.
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berta, the manager of an automobile showroom, announces a new scheme wherein the company offers an all-expenses paid trip to the salesperson who sells the most number of cars in the next quarter. this inspires berta's subordinates to work harder and improve their performance. in this scenario, berta uses a(n) . group of answer choices countertransference technique intrinsic motivation technique counterconditioning technique positive reinforcement technique
In this scenario, Berta is using a Positive Reinforcement Technique to motivate her subordinates.
Positive Reinforcement is a type of behavior modification that rewards desirable behavior. By offering an all-expenses paid trip to the salesperson who sells the most cars, Berta is providing a positive reward that encourages her subordinates to work harder and improve their performance.
This reward serves as a motivation for them to strive for higher results and encourages them to maintain their performance. By implementing this technique, Berta is reinforcing the desired behavior, which in turn leads to better outcomes.
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what is the most likely course of action that an auditor would take after determining that performing substantive tests on inventory will take less time than performing tests of controls?
The most likely course of action that an auditor would take after determining that performing substantive tests on inventory will take less time than performing tests of controls is to perform the substantive tests on inventory.
Substantive tests on inventory involve examining evidence directly related to inventory balances, such as evidence of physical counts, documents related to acquisitions, and records related to shipments and sales.
These tests are necessary in order to determine the accuracy of the financial statement assertions related to inventory.
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rachel johnson has net monthly income of $2,500. she has a monthly auto loan payment of $275, a student loan payment of $150, and a credit card minimum payment of $50. what is her debt-payments-to-income ratio?
Rachel Johnson's debt-payments-to-income ratio is 19%. The total amount of debt payments is $475.
Rachel Johnson's debt-payments-to-income ratio can be calculated as follows: Firstly, calculate the total amount of debt payments that Rachel Johnson makes each month. This includes her monthly auto loan payment of $275, student loan payment of $150, and a credit card minimum payment of $50.The total amount of debt payments is $275 + $150 + $50 = $475.
Secondly, divide the total amount of debt payments by Rachel Johnson's net monthly income. The result of this division will give her debt-payments-to-income ratio. The debt-payments-to-income ratio for Rachel Johnson can be calculated as: Debt-payments-to-income ratio = Total amount of debt payments / Net monthly income= $475 / $2,500= 0.19 or 19%. Therefore, Rachel Johnson's debt-payments-to-income ratio is 19%.
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