Useful insights into behaviour can be gained governed by the rules of rational decision-making.
According to "the function of economic theory," many economists think that by assuming that human actions are guided by the principles of rational decision-making, we may learn important insights into our behavior.
It is possible to define rational decision-making as the decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable choice is to identify the issue that needs to be resolved, followed by the collection of all relevant data.
The next step is to examine every consequence that may result from each potential solution. The rational decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.
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cute camel woodcraft company’s income statement reports data for its first year of operation. the firm’s ceo would like sales to increase by 25% next year.
Sales for Cute Camel are anticipated to rise from $20,000,000 in Year 1 to $25,000,000 in Year 2, or $20,000,000 x (1 + 0.25). The amount of operating expenses should rise together with the volume of goods and services produced and sold.
More about operating expenses:
An expense a business faces as a result of ongoing operations is referred to as an operating expense. Operating expenses, which are frequently referred to as OPEX, include rent, tools, inventory costs, marketing, payroll, insurance, step charges, and money set aside for R&D before sales.
The total of a company's running costs during a given time period, like a month or a year, is what is referred to as "operating expenses" on an income statement.
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assume that you are the owner of a large soybean farm in argentina. soybeans are a commodity product. most soybeans are grown in south america, but demand for soybeans is growing rapidly in asia. you are trying to decide whether to process soybeans in south america and ship them to asia or to ship raw soybeans directly to asia and process them there. what factors would you look at to make this decision?
In both the cases of processing soybeans in south america and shipping them to Asia or to ship raw soybeans directly to asia and process them there involves a factor of transcription and risk in it.
More about transportation risk:
Risks are a constant in transportation or shipping related activities at every level, from loading through delivery. a recurring factor that can be managed, nevertheless, by being aware of the risks and employing the appropriate techniques and tactics.
These risks may have an effect on the reliability and safety of the fleet, workplace safety, and delivery compliance. Some of the most significant ones are as follows: Extreme temperatures, weather-related catastrophes, natural disasters, and weather's general unkindness also include road traffic, sea conditions, and social dangers.
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Rebecca sells her personal scooter for $2,250. she purchased the scooter for $2,700 three years ago. she also sells a painting for $3,888 that she acquired five years ago for $3,240. what are the tax implications of these sales? rebecca has a $fill in the blank 1 4,545 realized gain on the scooter and a $fill in the blank 3 9,897 realized gain on the painting. rebecca will recognize the gain or loss associated with only the painting .
The sale of the scooter results in a realized loss of $150 ($700 − $550). ----but personal use, cannot be offset, not deductible
The painting results in a realized gain of $ 300 ($1,200 − $900). However, Rebecca only recognizes the gain from the painting
Lose is a verb that means "to come to be without something, to fail to retain," while loss is a noun that means "that that is lost, a harm."
When you lose money operating your business, you are spending more than you are earning. Businesses sometimes experience temporary losses when they first launch or during periods of expansion. This is OK if you have enough cash on hand to cover operating expenses while waiting for a boost in revenue.
An income statement sometimes referred to as a statement of gain and loss, P&L, or report on income, is where accountants document a company's losses.
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Hospital equipment that originally cost $150,000 was sold for $60,000. the net book value of the equipment at the date of sale was $70,000. the hospital should report:_________
Hospital equipment that originally cost $150,000 was sold for $60,000. the net book value of the equipment at the date of sale was $70,000. The hospital should report a nonoperating loss of $15,000.
Equipment maximum usually refers to a fixed of gear or other objects normally used to attain a selected objective. exceptional jobs require specific forms of device.
Device is a tangible long-term asset that blessings a commercial enterprise over numerous years of use. computers, vehicles and manufacturing machinery are all examples of equipment. they're tangible due to the fact they have got a physical form—not like intangible assets (such as patents, emblems or copyrights) that do not.
A tool may be any item that is used to reap a intention. equipment commonly denotes a set of gear which might be used to achieve a particular objective.
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Assume that you had a bad year in the stock market with capital gains of $10,000 and capital losses of $25,000. how much can you write off on this year?
The amount that can be written off in this year by setting off capital loss(25,000) we incurred, with the capital gain(10,000) is 13,000
Long term capital gains(LTCG) can be set off against Long term capital losses (LTCL)only
Capital gain/loss on Stock market is long term capital gain/loss
LTCG = 10,000
LTCL = 25,000
SET OFF = 25,000 - 10,000 = 15,000- 2,000 = 13,000
So, we can write off 13,000 for the year.
The Income Tax only permits a loss to be offset under the head of "Capital Gains"; it does not permit a loss under the head of "Capital Gains" to be offset against any income from other heads.
Only long-term capital gains may be offset by long-term capital losses.
Both long-term benefits and short-term gains may be offset by short-term capital losses.
If you sold shares or equity mutual fund units after 31.3.2018 and incurred a long-term capital loss, you can offset that loss against any LTCG. As long-term share profits or gains from equity funds are now taxable when they exceed 1 lakh,
Additionally, you have up to 8 assessment years to carry these losses forward for setting off in future years. Before 31.03.2018, there was no tax on long-term gains on stocks and equities funds; as a result, these profits were viewed as a dead loss. As a result, the same was prohibited from beginning or continuing.
When held for longer than a year, shares and equity funds are considered long-term capital assets.
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the law requiring firms in the private sector to provide procedures for anonymous reporting of accusations of fraud is the
The law requiring firms in the private sector to provide procedures for anonymous reporting of accusations of fraud is the Sarbanes-Oxley Act of 2002.
The Sarbanes-Oxley Act of 2002
The Sarbanes-Oxley Act of 2002 is a federal law in the United States that requires certain practises in accounting records and tracking for corporations.The act, also referred as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and the Corporate and Auditing Accountability, Commitment, and The "Transparency Act" (in the House), also known informally as Sarbanes-Oxley, SOX, or Sarbox, consists of eleven parts that impose regulations on all US firms.
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the cost of manufacturing a product includes all of the following except multiple choice materials. labor. advertising.
Except for advertising, all of the following are part of the price of producing a product.
The strategies and actions utilized in advertising are those that aim to draw attention to certain product, goods, services, viewpoints, or causes with the intention of influencing the public to act in a particular way.
The majority of advertising promotes a product that is available for purchase, but comparable techniques are also employed to persuade people, among many other things, to drive defensively, donate to charity, or cast ballots for particular candidates. The most significant source of product revenue for the media outlets through which it is carried out is often advertising (such as newspapers, magazines, or television stations). Advertising has grown to be a significant and significant service industry in the noncommunist world.
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betty bought a jar of facial cream with natural ingredients for $50 online from beauty today inc., a company that promises a youthful wrinkle-free skin for those who buy the cream and use it twice a day. betty used the cream as directed but didn't see any difference in her skin. which of the following statements is not an ethical explanation of betty's situation?
Betty spent $50 on a jar of facial cream with natural ingredients from beauty today inc., a business that guarantees customers who purchase the cream and apply it twice daily would have youthful skin free of wrinkles. Betty followed the cream's instructions, but her skin didn't seem to change. Betty's condition cannot be ethically explained by customers assuming that all product labels are accurate.
In the business world, ethics are crucial. It involves analyzing what should be done and studying morally righteous business actions and judgments. Human behavior is shaped and molded by ethics. It helps workers fulfill their roles.
Ethics, however, cannot be taught until we "live what we teach." If not, preaching will only have the same impact as a house of cards.
"Relating to moral business principles or the area of science dealing with these," according to a simple dictionary definition, is what the word "ethics" means. Given the numerous ways that the word "ethical" is used, its definition can be ambiguous and broad.
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a shortage is defined as the situation that exists when the quantity of a good supplied is greater than the quantity demanded.
A shortage is defined as the situation that exists when the quantity of a good supplied is greater than the quantity demanded. true
A shortage or excess demand is a state of affairs in which the demand for a product or service exceeds its supply in a marketplace. it's far the other of an excess deliver.
shortages consist of meals, water, energy, and hard work. demand or delivery adjustments can arise for diverse reasons; no longer all are associated with a price exchange. scarcity and absence are two one-of-a-kinds, and positive financial shortage characteristics cause them to stand apart.
A shortage occurs whilst for a few purposes such as authorities intervention, or decisions by using dealers now not to raise charges the price does now not rise to reach equilibrium. in this condition, customers need to buy more on the market rate than the amount of the coolest or provider that is to be had, and a few non-rate mechanisms.
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shannon needs to make some house repairs in three years that will cost $9,000. she has some money in an account earning 9% annual interest. how much money needs to be in the account today so she will have enough to pay for the repairs?
Shannon needs about $6950 to be in that account, so she will have enough to pay for the repairs.
The earnings can be calculated using the following calculation as the account has a 9% annual interest rate:
Where M is the total sum, C is the starting sum, r is the interest rate, and t is the amount of time, in years, that has passed.
She requires the funds in 3 years. Thus t = 3. Using this in relation to the issue we face, She requires about $6950 to be in that account.
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The _____ is a group of persons within an organization who participate in the buying process and share common goals, risks, and knowledge important to the purchase decision.
The Buying center is a group of persons within an organization who participate in the buying process and share common goals, risks, and knowledge important to the purchase decision.
Within organizations, there are divisions known as buying centers where purchases are made.
A buying center is a team within a business, made up of staff members and other organization members, who are in charge of organizing the buying process and making important choices on the purchases of goods or services. Key purchases in an organizational setting necessitate critical contributions from several organizational departments like finance, IT, purchasing, accounting, and senior management. The buying center's participants rely on the goods or services purchased.
A strong customer insight notion is the Buying Center. You can make better decisions in marketing, product development, sales, and management by having an understanding of it. It provides details so you can make decisions about your brand's functioning channels and a strict storyline.
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How long does it take to become a millionare? a 200000 investment will hit 1 million in 40 years at an annual interest rate of 4.11
If you’re looking to become a millionaire someday, you might have wondered how long it will take before your investment hits the mark.
If you plan on investing 200000 at an annual interest rate of 4.11%, it will take you about 40 years to reach the million-dollar mark with no additional investments.
The amount of time it takes to become a millionaire varies by country and interest rate, but the general rule of thumb is that the more money you invest, the less time it will take to reach your million-dollar goal.
But how do you know if it’s even worth investing 200000 in the first place? After all, that’s a lot of money to part with, even if you plan on making several times that amount over time!
The shocking truth is that, on average, it takes about 40 years for your initial investment of $200,000 to turn into $1 million.
Here are some things to consider when deciding whether or not to invest your savings or investment money into a high-yield interest rate opportunity.
Investing over 30 years means your investments should be able to make a 5-10% profit each year:Start saving early, invest wisely, and sit back and watch your account growth.
If you are putting in $3,000 per year into your investment account at an average annual return of 5%, after 30 years of saving (or retirement) the total investment balance would be $637,171.58.
And keep in mind that this is just one strategy out of many that can help make your money work harder for you.
A 200000 investment will hit 1 million in 40 years at an annual interest rate of 4.11:What your investment will be worth in 40 years, and the expected annual interest rate are two factors that determine how long it will take for your savings to grow into a million dollars.
This formula is called the time value of money and is based on simple math: 4.11% compounded annually would make an initial $200,000 investment grow into $1,000,110 over the course of 40 years.
That's good news if you're looking to retire soon and want to make sure you have enough money saved up for retirement.
To get there sooner, however, try increasing your contribution by 1% every year until it's maxed out at 15%.
Average millionaires invest 20% of their income each year:In recent years, the average US household net worth was $10,700,000. To get there, the average American invests 20% of their income each year.
For example, if your salary is $20000 per year then you would invest $4000 into stocks or funds that make your money grow.
On average, at an annual interest rate of 4.11%, and after 40 years of saving 20% of your income annually, you will hit 1 million dollars (assuming a constant investment).
But keep in mind, this assumes a constant investment over time. A big change in your lifestyle might have an impact on how quickly you can reach the millionaires club - for better or worse!
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on december 31, 2019, akron, inc., purchased 5 percent of zip company's common shares on the open market in exchange for $15,950. on december 31, 2020, akron, inc., acquires an additional 25 percent of zip company's outstanding common stock for $97,500. during the next two years, the following information is available for zip company: what amount of income from its investment in zip should akron report for 2021?
Equity income $26,580, Inv Zip $133,890, Reported inc $36,990, Inv Zip $144,300 these amount of income from its investment in zip should akron report for 2021
What is equity?Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that, in the event of a company's liquidation, would be distributed to its shareholders after all of the company's assets have been sold and its debt has been fully repaid. It is the worth of company sales less any obligations owing by the company that was not transferred with the sale in the case of an acquisition.
A company's book value can also be represented by shareholder equity. Equity may occasionally be provided as payment-in-kind. Additionally, it shows how many shares of a corporation each person owns. A company's equity may be seen on its balance sheet, and it is one of the most often used pieces of information by analysts to evaluate a company's financial standing.
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The following data values represent the daily amount spent by a family during a summer vacation. find the sample standard deviation of this dataset: $96, $125, $80, $110, $75, $100, $121
The sample standard deviation of this dataset is =19.1.
The Standard deviation is a degree of the amount of variant or dispersion of a set of values. A low widespread deviation indicates that the values tend to be near the mean of the set, at the same time as a high widespread deviation indicates that the values are spread out over a much wider variety.
x x- \bar x=x-101 (x-ˉx)2
96 -5 25
125 24 576
80 -21 441
110 9 81
75 -26 676
100 -1 1
121 20 400
∑x=707 ∑(x-\bar x)=0 ∑(x-\bar x)2=2200
Mean \bar x =∑x/n
=96+125+80+110+75+100+121/7
=707/7
=101
Sample standard deviation S=√∑(x-\bar x)2/n-1
=√2200/6
=√366.6667
=19.1
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emily wants to initiate a suit against fast credit company by filing a complaint. the complaint should include
The complaint should include a statement of the grounds for the court to exercise jurisdiction.
What are the steps to initiate a suit against fast credit company?
The procedures for starting a lawsuit to make things clearer:
The defendant receives a summons when the plaintiff files a complaint with the court.In response to the complaint, the defendant may file a counterclaim against the plaintiff.Through interrogatories and depositions, testimony is discovered.After hearing the case, a judge or jury renders a decision.If the decision is not acceptable to either side, an appeal may be made to a higher court.When someone feels they have been harmed and decides to file a lawsuit, the first step is to file a complaint, which is a written statement that includes allegations of damages one received because of another person.
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the concept of comparative advantage is based upon: a relative energy prices. b dollar prices of labor. c relative opportunity costs. d absolute labor productivity. e relative labor costs.
the concept of comparative advantage is based upon absolute labor productivity.
What is Labor Productivity?
Labor productivity measures the hourly output of a country's economy. Specifically, it indicates the amount of real Gross Domestic Product (GDP) produced in one hour of labor. Labor productivity growth depends on three main factors: savings and investments in physical capital, new technologies and human capital.
Understanding Labor Productivity
Labor productivity, also called workforce productivity, is defined as real economic output per hour worked. Labor productivity growth is measured by the change in economic output per hour worked over a defined period. Labor productivity should not be confused with employee productivity, which is a measure of individual worker performance.
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which gate ensures that all stakeholders have a shared understanding of the proposed system and what it will do? multiple choice gate two gate one gate three gate four
Gate one ensures that all stakeholders have a shared understanding of the proposed system.
What is a gate?
The gate is a system that includes the steps in which the product is passed the fulfill the criteria of the product for getting additional investment.
In this question, we have to determine which gate shows that all the stakeholders have a shared understanding. Gate one in the proposed system is a gate that ensures that all the stakeholders have a shared understanding. This gate also ensures that everyone should know about what the product will do.
Hence, gate one is the correct option.
The multiple-choice gate is not correct because it does not ensure shared understanding.
Two gates are not correct because it does not ensure shared understanding.
Three gates are not correct because it does not ensure shared understanding.
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Diversification into a new industry can not be considered a success unless it results in?
Diversification cannot be considered a success unless it results in added long-term economic value for shareholders; must satisfy all 3 tests.
What is Diversification?A portfolio's investments are mixed together in a wide variety as part of the risk management approach known as diversification. To reduce exposure to any one asset or risk, a diversified portfolio combines a variety of different asset classes and investment vehicles.
This strategy is justified by the idea that a portfolio made up of various asset classes will, on average, produce superior long-term returns and reduce the risk of any given holding or security. Studies and quantitative simulations have demonstrated that the highest cost-effective level of risk reduction is achieved by maintaining a well-diversified portfolio of 25 to 30 equities. Even though they occur at a much slower rate, additional benefits of diversification are nevertheless produced by investing in more stocks.
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the accounts in the ledger of monroe entertainment co. are as follows. all accounts have normal balances. when the trial balance is prepared, the total of the debits will be
The accounts in the ledger of Monroe entertainment co. are as follows. all accounts have normal balances. when the trial balance is prepared, the total of the debits will be $13,900.
An account refers to assets, liabilities, earnings, charges, and fairness, as represented with the useful resource of person ledger pages, to which modifications in charge are chronologically recorded with debit and credit score entries. those entries referred to as postings, turn out to be a part of an e-book of the very last entries or ledger.
In accounting, an account is a report inside the enormous ledger that is used to kind and maintain transactions. as instance, corporations might also have a cash account in which to file every transaction that will increase or decreases the employer's coins.
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todd conveyed title to his out-of-state property to brad using a general warranty deed. a few months later, brad discovered that the legal description of the property on the deed was incorrect, and his property was only half the size he thought he’d purchased. he sued todd based on todd’s promises of in the deed.
The correct answer is quiet enjoyment and further assurances
A general warranty deed ensures that the seller has clear, unencumbered legal title to the real estate when it is transferred from the buyer to the seller. This implies that the seller guarantees that the property is free and clear of liens and creditors' claims, or that, in the event that there are any, the seller would make up the difference for the buyer.
To be legitimate, a general warranty deed must contain the following:
the seller's name and address (called the grantor)the buyer's name and address (called the grantee)a statement of the property's legal name (found on the previous deed)a declaration that the grantor is giving the grantee ownership of the propertyTo know more about general warranty deed refer to https://brainly.com/question/28547281
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What do financial planning skills ultimately enable an individual to do?
to prepare for the future
to process their own tax returns
to stop spending
to become wealthier without saving money
Financial planning skills ultimately enables an individual: A. to prepare for the future.
What is the planning gap?The planning gap can be defined as the gap that typically exist between "where we are now?" and "where we want to be?"
Basically, "where are we now?" describes the current situation of things or financial and non-financial activities that a business firm currently holds. On the other hand, "where we want to be?" is a vision and mission statement that focuses on achieving the goals and objectives set for a business firm.
What are financial planning skills?Financial planning skills can be defined as the ability of an individual to determine the most appropriate (best) financing and investing activities for himself or herself, or a business firm after evaluating all available options.
In this context, we can reasonably infer and logically deduce that financial planning skills ultimately enables an individual to prepare and plan for the future.
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A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's?
A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's cost of goods purchased.
Explanation:
While a merchandising company buys goods from its supplier's goods purchased and adds this to its opening inventory to determine the number of goods it has available for sale goods available for sale, a manufacturing firm makes the goods to be sold goods manufactured and adds to its opening inventory of finished goods to determine the same metric quantity of goods available for sale.
This relationship can be seen when the trading account of both firms is compared.
The cost of goods purchased is the net cost of merchandise acquired. The calculation is to add freight into the initial purchase cost and then subtract purchase allowances, purchase discounts, and purchase returns.
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What happens to the supply curve when any of the following determinants change? indicate whether each of these determinants causes a shift of the supply curve or a movement along the curve.
Changes in the determinants will result in a shift in the supply curve. A shift in supply refers to a shift in the supply curve due to the influence of supply shifters. In contrast, a shift in quantity supplied is the movement along the supply curve because of a change in the price of a good, keeping other factors unchanging.
The supply curve shifts forward if there is a growth in supply. This may be due to technological progress, an increase in the number of sellers, a reduction in input prices, the expectation of lower prices for the future, lower prices of other goods, or the provision of subsidies. A supply curve shifts rearwards if there is a reduction in supply. This may be due to technological deterioration, reduction in the number of sellers, increase in input prices, higher price expectations for the future, higher prices of other goods, or the imposition of taxes.
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Macro-economic factors that influence consumer spending, including rates of inflation and economic growth, are part of the ______ environment.
Macro-economic factors that influence consumer spending, including rates of inflation and economic growth, are part of the economic environment.
What is economic environment?Economic environment can be described as the external economic factors which can have influence on the buying habits of consumers as well as the businesses.
It should be noted that this can affect the performance of a company. and could be beyond a company's control, hence Macro-economic factors that influence consumer spending, including rates of inflation and economic growth, are part of the economic environment.
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speedy delivery company purchases a delivery van for $36,000. speedy estimates that at the end of its four-year service life, the van will be worth $6,400. during the four-year period, the company expects to drive the van 148,000 miles. actual miles driven each year were 40,000 miles in year 1 and 46,000 miles in year 2. required: calculate annual depreciation for the first two years of the van using each of the following methods.
Year 1 depreciation is =$.8,000/
Year 2 depreciation is =$9,200/.
Straight line method:
Annual depreciation is=(Original cost-Residual value)/Life.
Annual depreciation is = (36000-6400) /4.
Annual depreciation is =$7,400/.
Depreciation for year 1 and a couple of is $7,400 for every year.
Double declining balance method :
Depreciation rate under straight line=100/4=25% .
Double declining balance rate=50%.
Depreciation in year 1=(36000*50%).
Depreciation in year 1=$18,000/.
Depreciation for 2nd year is =(36000 -18000)*50%.
Depreciation for 2nd year is =$9,000/.
Activity based method:
Depreciation is =((Cost- Residual value)/Estimated total activity)*Annual Activity
.
Year 1 depreciation is =((36000-6400)/148000)*40000.
Year 1 depreciation is =$.8,000/.
Year 2 depreciation is = ((36000-6400)/148000)*46000.
Year 2 depreciation is =$9,200/.
What is Annual Depreciation?Annual depreciation is the usual every year charge at which depreciation is charged to a hard and fast asset. This price is constant from year to year if the straight-line approach is used. If an extended technique is used, then annual depreciation will spike early, after which decline in later years.
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suppose your income is $2,000.00 this year and $1,060.00 next year. all you care about is consumption this year and next year. you can borrow or lend at an interest rate of 6.00%. the consumption good costs $1.00 per unit this year, and there is no inflation.
If the interest rate was 9.00% instead, you would undoubtedly not be in a better or worse financial situation, assuming your income is $2,000 this year and $1,060.00 next year. You only consider consumption for this year and the following year. 6.00% interest is charged on any loans or borrowing. This year, there is no inflation and the consumer good costs $1 per unit.
The amount a lender costs a borrower in terms of interest rate is expressed as a percentage of the principal, or the lent amount. The annual percentage rate, which is how loans' interest rates are commonly expressed consumption, is calculated annually.
A savings account or certificate of deposit earnings at a bank or credit union may also be subject to an interest rate. Interest on these deposit accounts is measured as an annual percentage yield.
The borrower is essentially charged interest for the usage of the asset. Cash, consumer goods, vehicles, and real estate are all examples of consumption lent assets. A higher interest rate makes borrowing the same amount of money more expensive. For this reason, an interest rate can be viewed as the "cost of money."
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Assuming a production of 10,500 units, what is the budgeted materials purchase (in lbs.& $)?
Assuming a production of 10,500 units, The budgeted materials purchase (in lbs.& $) is $630,000.
10,500 (3lbs)
= 31,500 lbs31,500lbs($20)
= $630,000.
Materials Budgeting:
Material budgeting is the process of developing a material or purchase budget in terms of the amount and monetary value of materials to be purchased over a specific time period. It not only aids in estimating material prices over time, but it also analyses material requirements. Material budgeting ensures reduced inventory risk, maximum buy lead time, low transportation costs, and improved vendor relations.
The purchase is calculated as follows: Purchase in units = Usage + Desired ending material inventory units Beginning inventory units Typically, the direct material budget is supplemented by a calculation of estimated cash payments for materials.
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in the 1960s, when a customer in the united states purchased a television, that television had been manufactured in the united states. today, thanks to the fall of international trade barriers, televisions purchased in the united states might be manufactured in china or south korea. this change has occurred as the result of blank . multiple choice question. customization isolationism domestication globalization
Today, thanks to the fall of international trade barriers, televisions purchased in the United States might be manufactured in China or South Korea. This change has occurred as the result of globalization
What is Trade?This refers to the buying and selling that exists between two or more entities where they pay a certain price.
Hence, we can see that thanks to the fall of international trade barriers, televisions purchased in the United States might be manufactured in China or South Korea. This change has occurred as the result of globalization
This is because there is international trade that is made possible through import and export.
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what approach can parties use to generate alternative solutions by redefining the problem or problem set?
The approach that a parties can use to generate alternative solutions by redefining the problem or problem set is non specific compensation.
What is non specific compensation?Nonspecific compensation, can be described as an approach which explains that one party gets what it wants as a result of repaying the other party with something unrelated with respect to the original source of conflict.
In this case , the parties can use to generate alternative solutions by redefining the problem or problem set and that is what is been regarded as the non specific compensation.
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From whom to buy from and ________ to buy are the two choices left for a consumer once she has made the decision on an alternative
From whom to buy and when to buy are the two choices left for a consumer once she has made the decision on the alternative.
While purchasing a long-term product, the consumers always go through a lot of research and check out various alternatives at better prices and better effectiveness.
If a person chooses the product or the alternative product with better facilities, one needs to decide when to buy the product and from whom.
The supplier is important for things like guarantees and service works if the product gets damaged within the guaranteed period.
When to buy is also an important decision. This depends on the financial condition of the buyer. If the person can afford it immediately, she can buy it at that moment or wait for a few days to gather up the finances and pay for the product.
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