The power you are referring to is called "legitimate power," which is derived from an individual's position or role within an organization.
As a manager, you have legitimate power because you have been granted authority by top management to make decisions, allocate resources, and direct the work of others. With legitimate power, you can influence people to do things they might not have done otherwise because they recognize your right to give them orders and make decisions. This power is typically associated with the hierarchy of an organization, as individuals at higher levels of the organization have more legitimate power than those at lower levels.
However, it's important to note that relying too heavily on legitimate power can lead to a negative work environment and a lack of trust and respect from employees. Effective managers understand that building positive relationships with their employees and utilizing other forms of power, such as expert power or referent power, can be more effective in motivating and influencing others.
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Which organization is the representative body of the United Nations that supervises its activities, can decide on financial matters, and elects the nonpermanent members of the Security Council and the secretary-general
The organization that serves as the representative body of the United Nations is the General Assembly. Composed of all 193 member states, the General Assembly has a wide range of responsibilities, including overseeing the UN's activities, approving its budget, and electing nonpermanent members to the Security Council and the secretary-general.
This organisation is also responsible for establishing international law and promoting international cooperation. The General Assembly meets annually in September in New York and conducts additional meetings as needed throughout the year. With a focus on global issues, the General Assembly works to achieve peace, security, and prosperity for all nations.
The organization that serves as the representative body of the United Nations, supervises its activities, decides on financial matters, and elects the nonpermanent members of the Security Council and the secretary-general is the United Nations General Assembly. The General Assembly is composed of all 193 member states, each having one vote, and it meets annually to discuss and coordinate on various international issues, promoting global cooperation and development.
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Furniture costing $66,000 is sold at its book value in 2021. Acquisitions of furniture total $53,100 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received from the sale of furniture.
Assuming the furniture that was sold had a book value of $66,000, we can create the following journal entry to record the sale:
Debit: Cash - Book Value of Furniture ($66,000)
Credit: Furniture ($66,000)
To calculate the cash received from the sale of furniture, we need to know the selling price. However, this information is not provided in the question.
We only know that the furniture was sold at its book value, which is the amount it was originally recorded on the books less accumulated depreciation.
As for the acquisition of furniture for $53,100 cash, we can record the following journal entry:
Debit: Furniture ($53,100)
Credit: Cash ($53,100)
These transactions would affect the following general ledger accounts:
Cash:
Debit: $66,000
Credit: none (as we don't know the selling price)
Furniture:
Debit: $53,100
Credit: $66,000
Without more information about the sale price, we cannot determine the cash received from the sale of furniture.
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An asset has an average return of 10.67 percent and a standard deviation of 19.44 percent. What range of returns should you expect to see with a 68 percent probability
With a 68 percent probability, you should expect to see returns in the range of -8.77 percent to 30.11 percent for this asset.
An asset has an average return of 10.67 percent and a standard deviation of 19.44 percent. To determine the range of returns you should expect to see with a 68 percent probability, we will use the Empirical Rule, which states that for a normal distribution, approximately 68 percent of the data falls within one standard deviation of the mean.
To calculate the range, we'll subtract and add the standard deviation to the average return:
Lower end of range: 10.67% - 19.44% = -8.77%
Upper end of range: 10.67% + 19.44% = 30.11%
Keep in mind that this is based on the assumption of a normal distribution and past performance, which may not be indicative of future results. Always consider additional factors when making investment decisions.
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Illustrate how to calculate a breakeven point in terms of units and dollars using total fixed costs and variable costs in your calculation. Which introductory pricing strategies have you noticed when you shop
To calculate the breakeven point in terms of units and dollars, you need to first determine the total fixed costs and variable costs. The breakeven point is the point at which total revenue equals total costs, resulting in zero profit or loss.
To calculate the breakeven point in units, divide the total fixed costs by the contribution margin per unit, which is the selling price per unit minus the variable cost per unit.
Breakeven Point in Units = Total Fixed Costs / Contribution Margin per Unit
To calculate the breakeven point in dollars, multiply the breakeven point in units by the selling price per unit.
Breakeven Point in Dollars = Breakeven Point in Units x Selling Price per Unit
The breakeven point is an important metric for businesses to understand as it helps to determine the minimum amount of units or revenue needed to cover all costs and break even. By understanding the breakeven point, businesses can make informed decisions about pricing strategies, production levels, and sales targets.
In terms of introductory pricing strategies, there are several that I have noticed when shopping. One common strategy is offering a discount or promotion for first-time customers or new products. Another strategy is offering a lower price for a limited time, such as a sale or seasonal promotion. Finally, some businesses may offer a lower price for a basic or entry-level product, with the intention of upselling customers to higher-priced products or services in the future.
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LennoCorp has identified leadership skills, responsibility, and communication as three key traits line managers must possess. Leadership and communication each make up 35 percent, while responsibility makes up 30 percent of the position. Those percents are
The percents for each key trait required for line managers at LennoCorp are:
Leadership: 35%
Responsibility: 30%
Communication: 35%
Leadership is the ability to inspire and guide a group of people towards a common goal or vision. A leader is someone who has the vision, knowledge, and skills to motivate and direct others, often by setting an example of excellence and encouraging others to do the same.
Leadership involves creating a shared vision, setting goals, making decisions, providing direction, inspiring and motivating others, and creating a positive culture. Good leaders are able to communicate effectively, build trust, and develop strong relationships with their followers.
These percentages indicate the relative importance of each trait in the position of line manager at LennoCorp.
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In a barter system, there are a. money and goods exchanged for each other. b. goods traded directly for other goods and services. c. financial institutions to facilitate all exchanges. d. many different units of money.
In a barter system, b) goods are traded directly for other goods and services without the use of money. This means that individuals exchange goods they have for goods they need, without the need for a financial intermediary.
Unlike in a monetary system, where money serves as a medium of exchange, in a barter system, goods themselves become the medium of exchange. This can be beneficial for those who have goods or services to offer but may not have access to traditional currency.
However, bartering can also be more complex and time-consuming than using money, as parties must negotiate and agree on the value of the goods being exchanged. Therefore, while a barter system can be an effective means of trade in certain situations, it is often limited in scale and typically coexists with monetary systems.
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If two firms are identical in all respects except that one has more capital than the other, the marginal product curve of the firm with more capital will:
Assuming that the two firms are operating in the same market and facing the same prices for their outputs and inputs, the marginal product curve of the firm with more capital will be higher than the marginal product curve of the firm with less capital.
The reason for this is that the marginal product of a factor of production (such as capital) is the additional output that can be produced by using one more unit of that factor while holding all other factors constant. Therefore, if one firm has more capital, it will be able to produce more output for each additional unit of capital used, and its marginal product curve will be higher. However, it is important to note that the relationship between capital and output is subject to diminishing returns, meaning that as the amount of capital used increases, the additional output produced by each additional unit of capital will eventually decrease. Thus, even though the firm with more capital will have a higher marginal product curve, it may eventually reach a point of diminishing returns where the marginal product of capital starts to decline.
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This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, the company awarded Ed a gold watch worth $290 and a $2,250 cash bonus. What amount must Ed include in his gross income
Ed must report the $2,250 cash bonus as income but does not need to report the value of the gold watch.
Ed must include the $2,250 cash bonus in his gross income. This is because bonuses are considered taxable income by the IRS and must be reported on an employee's tax return. However, the value of the gold watch is not taxable as it is considered a de minimis fringe benefit. This means that the value of the benefit is so small that accounting for it would be impractical. According to the IRS, de minimis fringe benefits are not taxable as long as they are occasional or infrequent and have a value of $100 or less. Since the value of the gold watch is $290, it does not meet the criteria for a de minimis fringe benefit and therefore is not exempt from taxation.
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Which term is used to describe the relationship between computers and the people who use them to perform their jobs
The term used to describe the relationship between computers and the people who use them to perform their jobs is Human-Computer Interaction (HCI).
What is HCI?
HCI refers to the study and design of how people interact with technology, with a focus on creating interfaces that are user-friendly, efficient, and effective.
What is relationship?Relationship refers to the connection or interaction between two or more entities. In the context of the question, it refers to the connection or interaction between computers and the people who use them to perform their jobs.
According to the given information:
The term used to describe the relationship between computers and the people who use them to perform their jobs is Human-Computer Interaction (HCI).HCI takes into account factors such as user behavior, cognitive processes, and ergonomic principles to ensure that computer systems are easy to use and optimize user productivity. With the rapid evolution of technology, HCI has become an essential field of study for anyone who designs, develops, or uses computer systems.
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15. If the demand curve is unit elastic, this implies that: a. consumers do not react to a change in product price. b. the good can only be purchased in units of 1. c. this good has no good substitutes. d. the good is a basic food staple. e. the percentage change in the quantity demanded
When the demand curve is unit elastic, it implies that the percentage change in the quantity demanded is equal to the percentage change in price. Option e is correct.
The demand curve is a graphical representation of the relationship between the price of a good and the quantity demanded by consumers. Elasticity measures the responsiveness of quantity demanded to changes in the price of a good. When a good is elastic, the quantity demanded changes significantly in response to changes in price. On the other hand, if a good is inelastic, the quantity demanded does not change much in response to price changes.
A unit elastic demand curve signifies that the percentage change in quantity demanded is exactly equal to the percentage change in price. This means that consumers are proportionately responsive to price changes. For example, if the price of a good increases by 10%, the quantity demanded decreases by 10%, and vice versa.
It's important to note that unit elasticity does not imply that consumers do not react to price changes (option a), that the good can only be purchased in units of 1 (option b), that the good has no good substitutes (option c), or that the good is a basic food staple (option d). Thus, option e is correct.
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2. What impacts would warehouse consolidation have on inventory carrying costs, customer service levels, and order fill rate?
Warehouse consolidation can have significant impacts on inventory carrying costs, customer service levels, and order fill rate.
Consolidating multiple warehouses into a single location can reduce inventory carrying costs, as it eliminates the need to maintain multiple inventory levels at different locations. This can result in better control of inventory and improved efficiency in managing inventory.
However, consolidating warehouses can also lead to longer lead times for delivery, which can negatively impact customer service levels and order fill rate. Consolidating warehouses can also result in increased transportation costs, as goods need to be transported over longer distances, which can further impact inventory carrying costs.
Therefore, before consolidating warehouses, businesses need to carefully consider the impact on these critical metrics, and develop strategies to mitigate any negative impact.
For example, they may need to consider investing in advanced inventory management systems to improve efficiency and reduce lead times, or partner with third-party logistics providers to optimize transportation and reduce costs.
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An insured puts $50,000 of covered inventory into storage, where the items are later damaged by a covered peril. What policy provision prevents the storage facility from collecting any payment from the insured's claim
The policy provision that prevents the storage facility from collecting any payment from the insured's claim is called the "bailee's customer" provision.
The bailee's customer provision is a clause found in many insurance policies that covers damage to property that is entrusted to a third party, such as a storage facility. This provision states that the insurance company will pay for any damage or loss to the insured's property while it is in the care, custody, and control of the bailee, which is the storage facility in this case.
Therefore, the storage facility cannot collect any payment from the insured's claim because the bailee's customer provision transfers the responsibility for the damage to the insurance company. The insured will receive payment for the damage caused by the covered peril, and the storage facility is not held liable.
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What do you think will be the growth areas (in products, services, and geographic areas) for franchises in the near future
Franchise growth depends on various factors such as government regulations, consumer preferences, and market competition.
Based on industry analysis, there are some trends that could shape the growth areas for franchises in the near future. One trend is the increasing popularity of niche franchises that cater to specific customer needs or interests, such as healthy food or eco-friendly products. Another trend is the expansion of international franchising, especially in emerging markets with a growing middle class. In terms of services, technology-driven franchises that offer digital solutions, such as mobile apps or online platforms, are likely to continue to see growth.
Additionally, there may be opportunities for franchises that provide personalized services, such as fitness coaching or healthcare. Geographically, franchises may focus on expanding in urban areas with high population density, where there is a greater demand for convenience and access to goods and services. Emerging markets, such as Southeast Asia and Africa, may also see significant franchise growth as they continue to develop economically.
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Shamila is interested in adding real estate to her portfolio. She has looked into many real estate alternatives and is open to any reasonable recommendation. If Shamila has a limited amount of money to invest initially and few household repair skills, what type of real estate investment should she select
If Shamila has a limited amount of money to invest initially and few household repair skills, the best type of real estate investment for her would be a real estate investment trust (REIT).
REITs are companies that own and operate income-generating real estate properties such as apartment complexes, office buildings, hotels, and shopping malls. They allow individual investors like Shamila to invest in real estate without the need to buy, manage, or maintain a property on their own.
REITs offer several advantages for investors such as diversification, liquidity, and potential for higher returns. Since REITs invest in multiple properties, they offer a diversified portfolio that reduces the risk of investing in a single property. REITs are also traded on stock exchanges, making them a liquid investment that can be easily bought or sold.
Another option for Shamila could be to invest in a real estate crowdfunding platform. These platforms allow individual investors to pool their money together to invest in real estate projects. Crowdfunding platforms offer a lower barrier to entry and a lower investment minimum compared to traditional real estate investments
In conclusion, if Shamila has a limited amount of money to invest initially and few household repair skills, the best type of real estate investment for her would be a REIT or a real estate crowdfunding platform.
Both options offer the benefits of real estate investing without the need to buy and manage a property on her own. It's important for Shamila to do her research and consult with a financial advisor before making any investment decisions.
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Hilarious Profits, Inc. (HPI) earned a profit of 20% on sales of $30,000,000. Its balance sheet shows total assets of $10,000,000. If HPI wants to achieve a Total Asset Turnover of 3.8, what should be the percent increase in sales from the current level assuming no change in assets
To calculate the per cent increase in sales that Hilarious Profits, Inc. (HPI) would need to achieve a Total Asset Turnover of 3.8, we can use the following formula:
Total Asset Turnover = Sales / Total Assets
We know that HPI's Total Asset Turnover goal is 3.8 and its current Total Assets are $10,000,000.
Therefore, we can solve the necessary sales amount:
3.8 = Sales / $10,000,000
Sales = $38,000,000
This is the number of sales HPI would need to achieve a Total Asset Turnover of 3.8 with its current asset level. However, we are asked to determine the per cent increase in sales from the current level of $30,000,000.
To calculate this percentage increase, we can use the following formula:
Per cent Increase = (New Value - Old Value) / Old Value x 100%
Plugging in the values we have:
Percent Increase = ($38,000,000 - $30,000,000) / $30,000,000 x 100%
Percent Increase = 26.67%
Therefore, HPI would need to increase its sales by 26.67% from the current level of $30,000,000 to achieve a Total Asset Turnover of 3.8, assuming no change in assets.
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How do functionality, system outputs, performance, reliability, and maintainability requirements affect quality planning
Quality planning is a crucial step in the development process that takes into account functionality, system outputs, performance, reliability, and maintainability requirements to ensure that the end product meets the expectations of the stakeholders.
Functionality, system outputs, performance, reliability, and maintainability requirements are all critical factors that affect quality planning. These requirements help to ensure that the product or system being developed meets the expectations of the stakeholders and performs as intended.
The functionality requirement specifies what the system should do, and the quality planning process should ensure that the system meets these requirements. Quality planning can include defining test cases and developing testing strategies to verify that the system meets these requirements.
System output requirements define what the system should produce as an output, and quality planning should ensure that the output is accurate, complete, and consistent with expectations. This can include defining quality assurance processes to verify the accuracy of the output.
Performance requirements define the expected speed, response time, and throughput of the system, and quality planning should ensure that the system performs at an acceptable level. This can include defining performance testing requirements and testing strategies to ensure that the system meets performance requirements.
Reliability requirements define the expected availability and error rates of the system, and quality planning should ensure that the system is reliable. This can include defining testing requirements to validate the reliability of the system and implementing fault-tolerant measures to minimize the impact of failures.
Maintainability requirements define how easy it is to maintain the system, and quality planning should ensure that the system is maintainable. This can include defining maintenance requirements and developing documentation and training to ensure that the system can be maintained effectively.
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The marketing intermediaries who take title to the goods they handle but offer only some of the services of merchant wholesalers are:
The marketing intermediaries who take title to the goods they handle but offer only some of the services of merchant wholesalers are known as limited-function wholesalers or limited-service wholesalers.
These marketing intermediaries are also referred to as drop shippers, truck wholesalers, and rack jobbers, among others. They generally provide only a few specific services, such as transportation or storage, and do not engage in all the activities associated with traditional merchant wholesalers, such as financing, risk-bearing, and market information.
Limited-function wholesalers often serve as intermediaries between manufacturers and retailers, and they play an important role in the distribution of goods to end consumers.
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Which organizational model allows a project team to have team members from different departments but also restricts the authority of the project manager
The organizational model that allows a project team to have team members from different departments but restricts the authority of the project manager is the matrix organizational model. In this model, project team members are drawn from different functional departments within the organization, and the project manager is responsible for coordinating and integrating their efforts to achieve project goals.
However, in the matrix organizational model, the authority of the project manager is limited since team members also report to their respective functional department heads. This means that the project manager may not have complete control over the team members and may face challenges in making critical decisions.
The matrix organizational model can be further categorized into strong and weak matrices, with the former giving more power to the project manager, while the latter leans more towards the functional departments' control. The strong matrix model is ideal for projects that require a significant amount of coordination and management, while the weak matrix is suitable for projects that have less complexity and fewer interdepartmental dependencies.
In conclusion, the matrix organizational model is the best fit for organizations that require project teams from different departments while still maintaining their functional hierarchies. It allows for efficient utilization of resources while ensuring that the project manager has the necessary authority to manage the project effectively.
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In 2008, what federal law was passed that prohibits discrimination in employment based on genetic information
The federal law that prohibits discrimination in employment based on genetic information is the Genetic Information Nondiscrimination Act (GINA), which was passed in 2008. GINA prohibits employers from using an individual's genetic information in making employment decisions, such as hiring, firing, and promoting.
An explanation for GINA is that it was created to protect individuals from discrimination based on their genetic information, which includes information about an individual's genetic tests, genetic tests of family members, and family medical history.
This law was necessary to prevent employers from using genetic information to make discriminatory decisions, which could have negative effects on an individual's job prospects and opportunities.
In summary, the federal law passed in 2008 that prohibits discrimination in employment based on genetic information is GINA. It protects individuals from discriminatory practices based on their genetic information and ensures that employers cannot use this information to make decisions about hiring, firing, or promoting.
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Your organization wants to improve employee motivation. The employees already appear to have strong P-O expectancies and the outcomes valences are quite favorable for supporting strong performance. However, employees seem to have a low E-P expectancy. What is this and what could you (as a manager) or your company do to address this
E-P expectancy refers to the belief that increased effort will result in improved performance. If employees have a low E-P expectancy, they may feel that no matter how hard they work, their performance will not improve.
As a manager or company, you can address this by providing clear and specific feedback on how increased effort can lead to improved performance.
This could include setting goals and providing regular progress updates, offering training and development opportunities to help employees improve their skills and abilities, and providing recognition and rewards for strong performance.
Additionally, creating a positive work environment where employees feel valued and supported can also help to improve their E-P expectancy and overall motivation.
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Max, a single taxpayer, has a $270,000 loss from his sole proprietorship in 2021. How much of this loss is not deductible after considering the excess business loss rules
Max will not be able to deduct $8,000 of his $270,000 loss from his sole proprietorship in 2021 due to the excess business loss rules.
Max's $270,000 loss from his sole proprietorship in 2021 will be subject to the excess business loss rules, which limit the amount of business losses that can be deducted in a given year. These rules were introduced as part of the Tax Cuts and Jobs Act of 2017 and apply to individuals, estates, and trusts that operate as pass-through entities such as sole proprietorships, partnerships, and S corporations.
For tax year 2021, the excess business loss limitation is $262,000 for single taxpayers, meaning that any losses beyond this amount will not be fully deductible in the current year. Therefore, Max will be able to deduct $262,000 of his $270,000 loss in 2021, leaving him with a non-deductible excess business loss of $8,000.
It is important to note that any excess business loss that is not deductible in the current year can be carried forward and used to offset future business income or gains. The carryover period for excess business losses is indefinite, meaning that Max can continue to carry forward his $8,000 loss until it is fully utilized.
Additionally, any excess business loss in excess of the $262,000 limit will be treated as a net operating loss (NOL) and may also be carried forward to future years. However, he can carry forward this loss to future years and use it to offset any future business income or gains.
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Given the following tax structure, Taxpayer Salary Total Tax Mae Pedro $53,500 $30,500 2,806 What is the minimum tax that Pedro should pay to make the tax structure vertically equitable with respect to the amount of tax paid?
To make the tax structure vertically equitable with respect to the amount of tax paid, Pedro's minimum tax should be equal to the average tax rate applied to all taxpayers in his income bracket. This means that Pedro's tax should be based on a fair and equal tax rate that is applied to all taxpayers in his income group.
In this case, Pedro's total tax is $30,500, and his salary is $53,500. To find out the average tax rate for his income bracket, we need to divide his total tax by his salary, which gives us 0.57. Therefore, Pedro's minimum tax should be $30,500 x 0.57 = $17,385.
By applying this minimum tax to all taxpayers in Pedro's income bracket, the tax structure will be vertically equitable. This means that all taxpayers who earn the same amount of money as Pedro will be subject to the same tax rate, and no one will be unfairly burdened with higher taxes than others.
Overall, it is important to maintain a fair and equitable tax system that applies to all taxpayers equally, regardless of their income level or other factors. By ensuring that everyone pays their fair share of taxes, we can help to build a more just and equitable society for all.
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China has excellent manufacturing capabilities, whereas Russia has excellent natural gas production capabilities. Therefore, China manufactures products for Russia and Russia produces natural gas for China. This is an example of:
This is an example of international trade based on comparative advantage. Comparative advantage is the ability of a country to produce a particular good or service at a lower opportunity cost than other countries.
In this example, China has a comparative advantage in manufacturing, and Russia has a comparative advantage in natural gas production. By specializing in the production of goods and services in which they have a comparative advantage, both countries can increase their economic welfare and benefit from trade. China can produce goods more efficiently and at a lower cost than Russia, so it can sell these goods to Russia at a lower price. Similarly, Russia can produce natural gas more efficiently and at a lower cost than China, so it can sell natural gas to China at a lower price.
Overall, international trade based on comparative advantage can lead to increased efficiency, higher productivity, and greater economic growth for both countries involved.
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The Keynesian response to a recession is for the government to simultaneously cut taxes and increase spending. This would cause ______.
This would cause an increase in aggregate demand, which can help stimulate economic growth and reduce the severity of the recession. By cutting taxes, individuals and businesses have more disposable income to spend, which can increase consumer spending and investment.
Additionally, by increasing government spending, there is more money flowing into the economy, which can create jobs and increase demand for goods and services. The overall goal is to increase economic activity and restore confidence in the economy.
The Keynesian response to a recession, which involves the government simultaneously cutting taxes and increasing spending, would cause an increase in aggregate demand. This is because the reduction in taxes puts more money in the hands of consumers and businesses, while increased government spending directly stimulates economic activity. As a result, overall demand for goods and services rises, helping to boost economic growth and alleviate the recession.
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A credit sale of $1800 is made on July 15, terms 2/10, net/30, on which a return of $150 is granted on July 18. What amount is received as payment in full on July 24
On July 15, a credit sale of $1800 was made with terms of 2/10, net/30. This means that if the customer pays within 10 days, they can take a 2% discount, but if not, they must pay the full amount within 30 days.
On July 18, a return of $150 was granted, reducing the total amount owed to $1650. Assuming the customer did not take the discount, they would owe the full $1650. If they paid in full on July 24, which is 9 days after the sale, they would not be eligible for the discount but would still need to pay the full amount within the net/30 terms. Therefore, the payment received in full on July 24 would be $1650.
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By far the largest of the U.S. statutory programs, in both size and cost to employers (and employees), are ______. a. Medicare and the ACA b. Medicare and Medicaid c. Social Security and Medicare d. Social Security and Medicaid
By far the largest of the U.S. statutory programs, in both size and cost to employers (and employees), are Social Security and Medicare. The correct answer is option C.
Social Security is a federal program that provides retirement, disability, and survivor benefits to eligible individuals, while Medicare is a federal health insurance program for people over 65 and for those with certain disabilities.
Social Security and Medicare together, these two programs make up a significant portion of the federal budget, with Social Security alone accounting for more than one-fifth of all federal spending.
Social Security is funded by a payroll tax on employees and employers, while Medicare is funded by a combination of payroll taxes, premiums paid by beneficiaries, and general revenue from the federal government.
Both programs are facing financial challenges as the aging population puts a strain on the system, and there are ongoing debates about how to ensure their long-term sustainability.
Overall, Social Security and Medicare are important components of the U.S. social safety net and have a significant impact on the lives of millions of Americans.
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Adam is an economist who believes that in the long run, all prices are flexible and that any increase in the money supply will lead only to inflation, not an increase in aggregate output. Because the economy would self-correct to long-run equilibrium output, there is no role for either fiscal or monetary policy. Adam is best described as a _____.
Adam is best described as a Classical economist. The Classical school of thought in economics emerged in the 18th century and dominated economic thinking until the mid-19th century.
Classical economists, such as Adam Smith, David Ricardo, and John Stuart Mill, believed in the self-regulating nature of the market economy and the ability of the economy to achieve long-run equilibrium without the need for government intervention.
One of the key tenets of Classical economics is the belief in the flexibility of prices and wages, which means that they adjust freely in response to changes in supply and demand. In this context, Adam's belief that all prices are flexible in the long run is consistent with Classical economics.
Another key aspect of Classical economics is the Quantity Theory of Money, which posits that any increase in the money supply will lead only to inflation, not an increase in aggregate output. This view is consistent with Adam's belief that an increase in the money supply would only lead to inflation.
Finally, Classical economics emphasizes the importance of the long run and the self-correcting nature of the economy. According to this view, any short-run deviations from equilibrium output would be corrected through market forces over time. This perspective is consistent with Adam's belief that the economy would self-correct to long-run equilibrium output, and there is no role for either fiscal or monetary policy.
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SELECT ALL THAT APPLY. Another label for relationship leadership or relationship style leadership is ______.
A) Transformational leadership
B) Servant leadership
C) Democratic leadership
D) Laissez-faire leadership
A) Transformational leadership
B) Servant leadership
Another label for relationship leadership or relationship style leadership is Transformational or Servant Leadership. These leadership styles emphasize building strong relationships with followers and empowering them to reach their full potential.
Transformational leaders inspire and motivate their followers to achieve higher goals, while Servant leaders prioritize the needs of their followers and focus on serving them.
Both of these leadership styles are effective in building strong, collaborative relationships between leaders and followers, and can lead to high levels of engagement, commitment, and job satisfaction among employees.
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If a company currently earns $5.00 per share, and has a risk-adjusted equity cost of capital of 9%, a share of common stock should theoretically sell for approximately:
An estimate and actual stock prices can be influenced by a variety of factors including market conditions, investor sentiment, and company-specific news and events.
According to the dividend discount model (DDM), the value of a share of common stock can be estimated by dividing the expected dividend by the cost of equity capital minus the expected growth rate. In this case, since the company is earning $5.00 per share, we can assume that this is the expected dividend. The risk-adjusted equity cost of capital is given as 9%. Therefore, using the DDM formula, we can calculate the theoretical stock price as follows:
Stock Price = Expected Dividend / (Cost of Equity Capital - Expected Growth Rate)
Here, the expected growth rate is assumed to be zero since we are not given any information about it. Therefore, substituting the given values into the formula, we get:
Stock Price = $5.00 / (0.09 - 0) = $55.56
Therefore, a share of common stock in this company should theoretically sell for approximately $55.56.
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When a corporate charter does not specify a legal value per share, then the stock issued is referred to as ______.
When a corporate charter does not specify a legal value per share, then the stock issued is referred to as "no par value stock".
This means that the stock does not have a designated value attached to it, and its worth is determined by the market forces of supply and demand.
No par value stock is often issued to provide flexibility in pricing the stock, as it allows the company to adjust the price of the stock based on market demand without violating legal restrictions. This can be especially useful in situations where the company may want to issue additional shares of stock at a later date, or if the company's financial situation changes.
However, it is important to note that no par value stock does not mean that the stock has no value. Rather, the value of the stock is determined by the market and may fluctuate based on various factors such as the company's financial performance, industry trends, and overall market conditions.
In conclusion, no par value stock is a type of stock that is issued without a designated legal value per share, allowing for flexibility in pricing and adjusting the stock price based on market demand.
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