If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5 increase in the demand for cigarettes would cause the price of cigarettes to decrease by 2.5 percent. Option C
This is further explained below.
What is the elasticity of demand?Generally, The elasticity of demand, also known as demand elasticity, is a metric that assesses how demand reacts to changes in either income or price.
Because the price of a product or service is the most frequent economic element used to quantify it, it is usually referred to as "price elasticity of demand."
In conclusion, If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5 percent rise in the demand for cigarettes would result in a 2.5 percent drop in the price of cigarettes. This is assuming that the elasticity of supply for cigarettes is 1.25. Alternative C
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complete question
If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5% decrease in the demand for cigarettes would cause the price of cigarettes to:
increase by 2.5%
increase by 5%.
decrease by 2.5%
decrease by 5%
when classifying cost behavior, what type of cost is the raw material used in production if sales volume is the cost driver? a. step b. fixed c. variable d. mixed
When classifying cost behavior, variable type of cost is the raw material used in production when sales volume is the cost driver.
What is raw material ?Raw materials are the stock or input materials that a company needs to produce its goods. A few examples of raw materials are steel, oil, corn, grain, gasoline, lumber, forestry resources, plastic, natural gas, coal, and minerals.
Since the quantity of natural resources a country has inside its boundaries determines how successful its economy will be, raw materials play a significant part in the production process. A nation with an abundance of natural resources doesn't need to import as many raw materials.
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If a bond's yield to maturity is lower than its coupon rate, the bond will sell at a discount. question content area bottom part 1
a. true
b. false
"If a bond's yield to maturity is lower than its coupon rate, the bond will sell at a discount. question content area bottom part 1."
This statement is True.
Coupon rate is the annual income an investor can expect to receive for holding a particular bond. It is fixed when the bond is issued and is calculated by dividing the sum of the annual coupon payments by the face value. At the time of purchase, the bond's yield to maturity and the bond's coupon rate are identical.
Coupon rate is the interest payment received by the bondholder from the date of issue until the date the bond matures. Coupons are often described as "coupon interest," which is calculated by adding up the total number of coupons paid each year and dividing it by the face value of the bond.
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if you wanted to get a sense of the economic health of a nation as well as an indication of that country's standard of living, you would look to which economic indicator?
if you wanted to get a sense of the economic health of a nation as well as an indication of that country's standard of living, you would look to Gross domestic product economic indicator.
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
Though Gross domestic product is typically calculated on an annual basis, it is sometimes calculated on a quarterly basis as well. In the U.S., for example, the government releases an annualized Gross domestic product estimate for each fiscal quarter and also for the calendar year. The individual data sets included in this report are given in real terms, so the data is adjusted for price changes and is, therefore, net of inflation.
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During the internal information search, which factor increases the probability that a brand will be selected?
During the internal information search, the factor that increases the probability that a brand will be selected is brand equity.
What do you mean by brand equity?Brand equity refers to a label's inherent value or the sensed social value of a well-known brand name. Due to consumers' perceptions that products from well-known brands are superior to those from lesser-known brands, the owner of a well-known brand name can make more money just under trademark credit. A trademark's value is directed by the trade phrase "brand equity." The way customers perceive and interact with a label influences its weight. A brand has good brand equity if customers are fond of it. An enterprise's long-term growth may be facilitated by strong brand equity. You can more easily add new products to your range and consumers will be more eager to try your new product if you take advantage of the value of your brand. You can broaden your business to other regions and markets.Therefore the correct answer is C. Brand equity
The complete question is:
During an information search, which factor increases the probability that a brand will be selected?
A. Brand parity
B. Product availability
C. Brand equity
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An inconsistency in the mercantilist doctrine, as pointed out by david hume, is that:_____.
An inconsistency in the mercantilist doctrine, as pointed out by David Hume, is that in the long run, no country could sustain a surplus on the balance of trade. Inconsistent marketing causes disgruntled consumer who don't get what they anticipate, distorts clear expectations, and makes potential buyers unclear of the attributes of your items.
Inconsistencies harm businesses by lowering both initial consumer sales and repeat sales from disgruntled customers. The trait or state of not agreeing or being consistent. The team's main issue is inconsistency: something that is inconsistent or irregular. Her story contains discrepancies. For example, if you desire to reduce weight but can't stop eating doughnuts.
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If a firm spends $600 more on advertising, its goal is for the demand curve for its product to shift ________ and its marginal revenue curve to shift ________.
If a firm spends $600 more on advertising, its goal is for the demand curve for its product to shift ATC curve shifts upward and its marginal revenue curve shifts its MC curve does not shift.
To calculate the marginal sales, an employer divides the exchange in its overall sales by way of the alternative of its overall output amount. Marginal revenue is the same as the promoting fee of a single extra item that became sold. beneath is the marginal sales formula: Marginal revenue = alternate in revenue/alternate in amount.
Marginal sales refer back to the incremental trade in profits resulting from the sale of one additional unit. reading marginal sales helps an employer pick out the revenue generated from every extra unit bought.
Marginal revenue is the cash a company makes for each extra sale. In different phrases, it determines how a whole lot a company might obtain from promoting one further suitable. for example, if a baker sells an additional loaf of bread for $2, then their marginal sales are likewise $2.
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Now suppose that Rowe has an argument with her husband and wants to withdraw, and what effect would it have on the LLC?
A limited liability business enterprise (LLC) is a business structure allowed with the aid of state statutes. every nation might also use exclusive guidelines, you should check with your nation if you are interested in beginning a constrained legal responsibility enterprise. proprietors of an LLC are called contributors
The nation of Oklahoma, like almost every different nation, has an agency earnings tax. In Oklahoma, the corporate tax is a flat 6% of Oklahoma taxable profits. if your LLC is taxed as an employer you may need to pay this tax. The kingdom's company income tax goes back (shape 512) and is filed with the Oklahoma Tax fee.
To begin an Oklahoma LLC you may want to record the Articles of a corporation with the Oklahoma Secretary of state, which costs $one hundred. you could practice online, by way of mail, or in character. The Articles of the corporation is the felony record that officially creates your Oklahoma limited legal responsibility employer.3 days in the past.
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Lisette is a canadian manager working in a foreign country on assignment for her company. lisette is therefore a(n) ______.
If Lisette is a canadian manager working in a foreign country on assignment for her company. lisette is therefore a(n) expatriate.
Who is an expatriate?Expatriate can be defined as the person that work and live in a country that is different from their own country. Expatriate are often known as skilled workers who work in a different country.
Lisette is an expatriate because she a canadian manager working in a foreign country on assignment for her company.
Therefore lisette is therefore a(n) Expatriate.
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In college you practically existed on instant noodles, but now you earn $95,000 a year. you never want to see instant noodles again. we can safely conclude that you consider instant noodles to be a(n)?
You virtually lived off instant noodles while in college, but now you make $95,000 a year. You wish to never see instant noodles once more. We may easily assume that you view instant noodles as an inferior good.
An economic term used to describe a good whose demand decreases as people's incomes rise is an inferior good. As incomes and the economy grow, buyers start switching to more expensive substitutes, which causes these products to lose popularity. As income rises or the economy grows, there is a decline in the demand for subpar products. Customers will be more likely to spend money on more expensive alternatives when this occurs. This change may be the result of various factors, such as quality or a movement in the socioeconomic level of the consumer.
Anything that a consumer would purchase less of if they had a better level of real income is considered an inferior item, which is the polar opposite of a normal good. hence it can be concluded that instant noodles are inferior goods.
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Olivia makes beautiful pottery and wants to be able to sell it, but she does not know where to advertise or which pieces would be most appealing to a buyer. Olivia needs to find someone in the Marketing Research pathway of the Marketing, Sales, and Service career cluster to help her.
A.
True
B.
False
Answer:
A is true jssisisblaoausmsmsksk
The Answer is: A. True
If the demand for high definition televisions increases and the supply of high definition televisions increases, then?
It is clear that the quantity sold will increase; the change in the price of televisions is ambiguous.
What are supply and demand?The economic theory of how prices are set in a market in microeconomics is called supply and demand. It assumes that all else being equal, in a competitive market, the unit price for a given good, or other traded item such as labor, or liquid financial assets, will vary until it settles at a position where the quantity demanded (at the current price), equals the quantity provided (at the current price), resulting in an economic equilibrium for price and quantity transacted. The theory on which contemporary economics is based.
The aggregate demand-aggregate supply model has also been applied to macroeconomics in order to illustrate how the equilibrium total output and aggregate price level may be established.
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Describe the criteria that forms the foundation of successful management of a human service organization.
The functions of management are the criteria that forms the foundation of successful management of a human service organization.
What is the significance of functions of management?The functions of management can be referred to or considered as the basic principles that are necessary to be followed by an organization in order to efficiently conduct the running of an organization. Planning is the first and foremost function of management that ensures successful management of a human service organization.
Therefore, the significance regarding the functions of management has been aforementioned.
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Suppose you borrowed $15,000 for a car loan, and the annual interest rate was 6 nd you were going to pay the car loan back in 36 months. what will your monthly payment be?
The monthly payment will be = $ $ 456.33. If the annual interest rate was 6%.
The Interest rate on a mortgage is typically noted on an annual basis known as the once-a-year percentage price (APR). An interest charge also can observe to the amount earned at a financial institution or credit union from a savings account or certificate of deposit.
The annual interest rate is the cost you pay each year to borrow cash, which includes prices, expressed as a percentage. The APR is a broader measure of the price to you of borrowing money since it reflects no longer only the hobby fee but also the expenses that you need to pay to get the mortgage.
Given, borrowed amount = $15,000
annual interest rate (r) = 6%
= 0.06
Time (t) = 36 month = 3 years
Since payment is monthly n = 12
using this formula:
PV=PMTi[1−1(1+i)n]
= $ $ 456.33
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which of the elements of this scenario represent a flow from a firm to a household? this could be a flow of dollars, inputs, or outputs. check all that apply.the car wash caroline receivesthe $350 antonio spends to purchase legal service from rowan and martin associatescaroline's laborthe $225 per week antonio earns working for spotless car wash
The $425 per week Andrew earns working for Spotless Car Wash
The car wash Beth receives
Looking at a few simple measurements of the financial system has allowed you to be extra concrete approximately the troubles in Argentina. You document again to the International Monetary Fund (IMF) group that manufacturing has been declining in latest years. You additionally document that there has been a latest boom with inside the fee level. As yet, though, you do now no longer recognize something approximately both the reasons or the effects of those events. Measurement of the financial system tells you what has passed off, however it tells you neither why it passed off nor what it means. Measurement isn't enough. We want frameworks to assist us make feel of the facts that we gather. Economists use many extraordinary styles of frameworks to make feel of an financial system. One of the maximum essential is referred to as the round waft of income. To apprehend the round waft, remember our operating definition of financial activity: “items and offerings produced for sale.” So far, we've targeted on manufacturing. Now we reflect on consideration on the “for sale” part.
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a couple thinking about retirement decide to put aside $2,200 each year in a savings plan that earns 8% interest. in 5 years they will receive a gift of $28,000 that also can be invested. how much money will they have accumulated 30 years from now? note: do not round intermediate calculations. round your answer to 2 decimal places
A financial savings plan is a way for collecting money at the way to gain particular monetary dreams. It enumerates the goals in question and the stairs to reap them. Such dreams might also encompass.
We use the components:
A=P(1+r/100)^n
where
A=destiny cost
P=present cost
r=rate of interest
n=term.
destiny price of 28000=28000*(1.08)^25
=28000*6.8484752
=$191757.306
consequently gathered savings=249223.064+191757.306
=$440,980.37(Approx)
b.extra savings required=720,000-440980.37
=$279019.sixty three
destiny cost of annuity=Annuity[(1+rate)^time period-1]/charge
279019.63=Annuity[(1.08)^30-1]/0.08
279019.63=Annuity*113.283211
Annuity=279019.63/113.283211
=$2463.03(Approx)
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The+stock+of+abc,+inc.+has+a+beta+of+1.10.+the+market+rate+of+return+is+expected+to+increase+in+value+by+5%.+abc+stock+should:__________
The stock of ABC, Inc. has a beta of 1.10. The market rate of return is expected to increase in value by 5%. ABC stock should increase in value by 5.5%.
Most publicly traded organizations keep their proportion price below $100. The cause is essential to hold a fee range, which ensures sufficient liquidity at the same time as the organization increases in price. agency possession: ABC supply turned into founded using Ken and Diane Hendricks and remains privately held. In exercise, the risk-unfastened rate is commonly taken into consideration to equal to the interest paid on a three-month authorities Treasury invoice, generally the safest investment an investor could make.
Beta is the degree of an inventory's volatility with regard to the general market. with the aid of definition, the marketplace, together with the S&P 500 Index, has a beta of one. zero, and man or woman shares are ranked consistently with how plenty they deviate from the marketplace. A stock that swings extra than the market over time beta can be calculated by using first dividing the safety's well-known deviation of returns through the benchmark's preferred deviation of returns.
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an upset customer, anne, calls in to a repair center to report that her new computer is not working. anne berates the technician and insists someone repair her computer as soon as possible. the technician should do which of the following?
To maintain a positive attitude and then insists someone repair her computer as soon as possible.
What role does a positive attitude play?
Mentally, having a cheerful outlook makes you more attentive, reduces stress, and lowers your risk of developing depression and other mental health issues. Anything that lowers your risk of developing physical and mental diseases is essential in life. The most advantageous of all is, You live longer if you have a good attitude toward life. Because it can improve both physical and mental health, positive thinking is significant. People with a more upbeat attitude on life are healthier, more resilient, and less likely to pass away before their time. People that are optimistic have more vitality, self-confidence, and optimism.
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which statement about marketing activities is most accurate? group of answer choices marketing is affected by society but rarely, if ever, affects society as a whole. the marketing department works closely with other departments and employees to implement marketing activities. marketing activities are the sole responsibility of the marketing department; other departments are involved only if there is an emergency (such as a product recall). environmental forces do not affect marketing activities as long as a firm closely monitors its environment through rigorous market research. marketing directs the activities of all other departments in a business.
Internal and external interactions shape and are shaped by the Marketing department.
Marketing activities are methods and strategies used by businesses to persuade customers to purchase goods or services. Marketing operations can also include initiatives such as market research to better understand customers.Marketing strategy is a means for directing a company's limited resources toward the most promising opportunities for increasing sales and long-term strategic edge.Marketing strategists are in charge of studying, devising, and communicating strategic marketing plans in order to achieve the company's objectives. They direct and optimize marketing activities for company and client initiatives, collaborating with cross-functional teams to carry them out.Marketing objectives are measurable goals that explain the expected outcomes of your marketing approach. The most effective objectives should also match with and compliment your overall business goals.Thus this is the meaning of Marketing activities.
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underwriting and flotation expenses the beranek company, whose stock price is now $20, needs to raise $23 million in common stock. underwriters have informed the firm's management that they must price the new issue to the public at $17 per share because of signaling effects. the underwriters' compensation will be 4% of the issue price, so beranek will net $16.32 per share. the firm will also incur expenses in the amount of $180,000. how many shares must the firm sell to net $23 million after underwriting and flotation expenses? do not round intermediate calculations. round your answer to the nearest whole number.
The number of shares that the firm must sell to net $23 million after underwriting and flotation expenses equals 1,420,343.14 shares.
What is a Flotation Costs?This refers to the costs that include all fees and expenses associated with a new share issue. These costing include filing, administrative, legal and underwriting fees. Normally, the underwriting fees is usually the largest chunk of all expenses and averaged about 3 - 7% depending on the issue size.
The company needs to raise $23,000,000 + $180,000 = $23,180,000 to cover its expenses and still have $23 million left.
For every share sold the company will receive $16.32. Therefore, the Shares needed is as follows
Shares needed = Amount needed / Price per share
Shares needed = $23,180,000 / $16.32
Shares needed = 1,420,343.14 shares
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When consumers use a problem-solving process to make purchase decisions, what is the next step after they become aware of a problem?
Consumers use a problem-solving process to make purchase decisions, The next step after they become aware of a problem is Gathering information about possible Solutions.
What is Gathering information?
The procedure of learning is referred to as gathering information. It is not knowledge in and of itself. When a story's focus is on education, it is the education that is being gathered, not the education that has been acquired in the end, that is of concern. Information gathering does not always have to be intellectual. One could pick up communication skills or learn about love. It's not even necessary to gather new information because occasionally learning can be achieved by merely seeing previously acquired knowledge from a new angle or perspective. It doesn't matter if one is learning to come to a specific idea or only to absorb information. Gathering Information is the preferred term as long as the emphasis is on the information gathering or learning process.To know more about Gathering information visit:
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in terms of how they are organized, what are the two major types of résumés discussed in the chapter?
In terms of how they are organized, the two major types of résumés discussed in the chapter are:
a web based résuméa formatted résumé attached to an email messageWhat is a résumé?
A resume is a formal document that a job applicant creates for themselves to represent their qualifications for a position. A resume is usually accompanied by a customized cover letter in which the applicant expresses their interest in a specific job or company and it helps to draw attention to the most relevant specifics on the resume.American job coaches recommend that a resume should be only one or two pages in length. British job applicants generally are expected to produce a somewhat more detailed document, called a CV (curriculum vitae).To learn more about résumé, refer to:
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An auditor wants to determine whether sales transactions are recorded in the proper period. the document he or she will be most interested in is:________
An auditor wants to determine whether sales transactions are recorded in the proper period. the document he or she will be most interested in is bill of lading. A bill of lading is a document that a carrier (or their agent) issues to acknowledge receipt of cargo for shipping.
Although the phrase was previously limited to seaborne transportation, a bill of lading can now be used for any sort of commodities transportation. Bills of lading are one of three important documents used in international trade to ensure that exporters receive payment and importers receive goods. The other two documents are an insurance policy and an invoice.
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As families move away from mining towns in search of safer jobs, the equilibrium price of coal will _____, and the equilibrium quantity of coal will decrease
The equilibrium price of coal will INCREASE and the equilibrium amount of coal will DECREASE as families leave mining areas in pursuit of safer occupations.
When supply and demand are balanced and the values of economic variables remain stable in the absence of external influences, this situation is referred to as an economic equilibrium.The price that is agreed upon when a product transaction occurs is called an equilibrium price, sometimes referred to as a market clearing price.The significance of the pricing equilibrium
Equilibrium is essential for a market to be both efficient and balanced. Because it is keeping a balance between the amounts supplied and sought, a market cannot deviate from its equilibrium price and quantity.To learn more about equilibrium price click the links.
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The relevant market that a firm has for finding opportunities should be _____ the firm's present product-market.
A company's relevant market for identifying opportunities should be The "relevant market for identifying prospects" for a company should be larger than the current product market, but not so enormous that it prevents further expansion and makes the company a key rival.
Relevant market In a market when prices are high, there are numerous sellers. Businesses in this market offer remarkably comparable goods, and they are all free to enter and leave the market. Each company is also seen as a price taker. In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its response to supply and demand changes as shown by the supply curve, which depicts the quantity of a good expansion.
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A certain element decays at a constant rate of 3% per year. If you start with 15 grams of the element, how long will it take before there are only three grams left? 0.) 54.4 years o b.) 51.8 years c.) 53.4 years d.) 52.8 years
The number of years that the element would decrease from its initial 15 grams to 3 grams is 54.4 years
What is the appropriate formula to determine years in case of a decreasing growth rate?
When the element decreases rather increases, the number of years it takes for the element to decrease from its initial value of 15 grams to 3 grams determined as shown below formula based on the present value and future value
n= ln(FV/PV) / ln(1+i)
FV=future value of the element after the decrease=3grams
PV=the initial value of the element=15 grams
i=decreasing rate of asset=3% per year
n=ln(3/15)/ln(1+3%)
n=-54.4 years(it is negative because asset value is reducing)
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Answer:
52.8
Explanation:
firstbanc corp.’s year-end is december 31. required: 1.-3. record the necessary entries in the journal entry worksheet below for firstbanc corp.
Firstbanc corp.’s year-end is december 31. required: 1.-3.The necessary entries in the journal entry worksheet below for firstbanc corp was done.
The necessary entries in the journal entry worksheet below for firstbanc corp are-View transaction list Journal entry worksheet Record the adjusting for interest. Note: Enter debits before credits. Date General Journal Credit Debit December 31, 2021 Record entry Clear entry View general journal Recomnsaction/event, select "No Journal Entry Required" in the first account field. Enter your would be entered as 5,000,000).) View transaction list Journal entry worksheet Record the receipt of cash at maturity. Note: Enter debits before credits. General Journal Date Credit Debit January 31, 2022 Record entry Clear entry View general journal
August 01, 2021: Cash-19,400,000
Notes Payable-19,400,000
December 31, 2021: Interest Expense-727,500 ,Interest Payable-727,500
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Smalltown issued 20-year bonds to finance a project. smalltown makes interim payments to bondholders every year. the amount of the interim payments is?
Smalltown issued 20-year bonds to finance a project. smalltown makes interim payments to bondholders every year. the amount of the interim payments is the face value or par value which is multiplied by the bond rate.
Interim payments are an amount of money that are paid before the total amount of money owed to be paid is decided:
Bond yield is known as the return which any investor realizes on any bond and can be derived in different ways.
The coupon rate is the annual interest rate that is established when the bond is issued. The current yield also depends on the bond's price and its coupon, or it can be the interest payment.
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If the supply curve is vertical, then observing the effect of a tax on price and quantity will?
Tell us nothing about demand elasticity because the tax burden will fall on producers regardless of demand elasticity. The tax incidence is the burden borne by the good's producers or consumers. The incidence of tax varies according to the elasticity of demand and supply.
When supply is more elastic than demand, consumers pay more of the tax burden; when demand is more elasticity than supply, producers suffer more of the tax burden. When the supply curve is vertical, it means that the supply of the good is completely inelastic. In this instance, the seller or maker of the good will bear the entire tax burden.
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A firm has total debt of $1360 and a debt equity ratio of 0.21. what is the value of the total assets? _______
A firm has total debt of $1360 and a debt-equity ratio of 0.21. $7,836.19 is the value of the total assets.
Debt / Equity = 0.21 / 1
Equity = $6,476.19047
Total assets = Debt + Equity
Total assets = $7,836.19
The debt-to-equity ratio evaluates your company's overall debt in relation to the capital assets the owners initially put up and the profits that have been held through time. The debt-to-equity ratio is a financial metric that shows how much debt and shareholder equity were utilised to finance the assets of a company. The debt-to-equity ratio is calculated by dividing a company's total liabilities by the sum of its shareholders' capital equity. For the majority of capital businesses and industries, a desirable debt-to-equity ratio is around 2.0.
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lars olsen authorized a deduction of $163.75 from his monthly pay for group health insurance. his employer pays 45% of the cost.
Lars Olsen approved a monthly deduction from his income of $163.75 for group health insurance. His employer pays 45% of the cost. $352.72 is the annual amount for his group health insurance.
What is Health insurance?
The costs of a policyholder's medical care and procedures are covered by health insurance. It either pays the insured person's care provider directly or reimburses expenditures incurred as a result of illness or accident. Health insurance, often known as medical insurance or healthcare insurance, is a type of insurance that contributes to a policyholder's medical expenses. The particulars of the policy itself, with specific laws and restrictions that apply to different plans, determine how much the insurance covers (and how much the policyholder pays via copays, deductions, and coinsurance).
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