Huey Long was assassinated by being fatally shot at the Louisiana State Capitol.
Who Is Huey Long?Huey Long was the governor of Louisiana and a United States senator who was one of the major political figures in America in 1935. Huey Long became an influential figure because he succeeded in carrying out very fast development in Louisiana. On Sunday, September 8, 1935, to be precise, Huey Long was fatally shot at the Louisiana State Capitol. Huey Long was pronounced dead on September 10, 1935, after medical personnel at Our Lady of the Lake Regional Medical Center failed to stop Huey's internal bleeding.
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A good economist will ignore ________ and focus on ________ when it comes to making the right decisions.
A good economist will ignore sunk costs and focus on marginal value when it comes to making right decisions. In economics and finance, a sunk cost is a cost that has already been incurred and cannot be recovered.
Sunk costs are treated as by gone costs in economic decision making and are not considered when deciding whether to continue investment project. The value of the final unit of consumption is known as the marginal value to a consumer. Value of the good to the consumer who purchased the good but received the lowest value from consumption is represented by an industry demand curve.
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A waterfront home is valued at $3 million dollars. The seller and the buyer have assets of more than one million dollars. The parties have requested Designated Sales Associates, as each wants a single agent. What can the broker do
The broker may inform the buyer and seller that only non-residential transactions are eligible for the designated agency, and then request their signatures on a permission form before switching to transaction brokerage. This is further explained below.
What is a broker?Generally, a person who purchases and sells assets on behalf of other people.
In conclusion, The broker may inform the buyer and seller that authorized agencies are only permitted for non-residential transactions and get their signatures on a permission form before switching to transaction brokerage.
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What purpose does tesla serve in the economy?
Tesla has created over 1,500 jobs at its ATVM-supported facilities. The Department of Energy's investment in Tesla supports the commercial deployment of advanced technologies that help U.S. automakers remain competitive in the growing global advanced vehicle market. This is the purpose of tesla serving the economy.
The economy is the field of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
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Todd Smith works at a retail store selling sports equipment. His daily tasks include opening the store, creating the work schedules, processing payroll, overseeing sales and inventory, and training employees. At what level of the organizational pyramid would you categorize Todd
Todd is at the managerial level of the organizational pyramid.
What is the organizational Pyramid?A well-liked form of organizational leadership in business is the pyramid structure. Because there are a lot fewer leaders than employees, an organizational chart that lists everyone on it naturally has a pyramid shape. Executives, managers, and personnel make the three main tiers of a pyramid organizational structure. The executive level is at the top of a pyramid organizational structure, which has declining levels from middle management to the lower levels staff of the organization. Each upper level of the structure is supposed to be supported by the pyramid's lower levels in order for it to work. This is a conventional organizational structure system that is frequently associated with bureaucracy.
What are the roles assigned to the three levels of the organizational pyramid?The fundamental idea behind a pyramid organizational structure is that lower levels of the company obey orders from higher up. In essence, the executives are in charge of all significant business operations. This covers the general vision, strategy, and operations. Managers typically work directly for executives and are in charge of overseeing certain divisions or goods. Staff assists managers by carrying out duties that carry out orders from the executive level.
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The government hires 2000 workers for new infrastructure projects. Over half of the newly hired construction workers were employed in other sectors of the economy and quit their jobs to take this better paying opportunity.
What types of fiscal polices are described?
This is an example of crowding out and expansionary fiscal policy. From a fiscal policy standpoint, the government implements expansionary policies by giving citizens more money through budgeting instruments. Budget deficits result from higher spending and lower taxation, which means that more money is going into the economy than is being taken out.
Tax reductions, transfer payments, refunds, and greater public investment on initiatives like infrastructure upgrades are all examples of expansionary fiscal policy. For instance, it might boost discretionary government expenditure, injecting additional cash into the economy via government contracts. Economic downturns and recessions are expected to be avoided through expansionary policies.
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In a(n) ________ channel, the same member both produces and distributes a product or service to consumers.
In a direct channel, the same member both produces and distributes a product or service to consumers.
What are Distribution Channels ?Distribution channel (or supply chain) set of institutions that transfer the ownership of and move goods from the point of production to the point of consumption - consists of all the institutions and marketing activities in the marketing process.
There are two types of distribution:
Direct-occurs when the suppliers and the tourist deal directly with each other. A direct channel allows the consumer to make purchases from the manufacturer
Indirect- occurs when part or all of the functions are handled by an intermediary. A indirect channel allows the consumer to buy the goods from a wholesaler or retailer.
Therefore, we can conclude that the correct option is B.
Your question is incomplete, but most probably your full question was:
In a(n) ________ channel, the same member both produces and distributes a product or service to consumers.
a. tiered
b. direct
c. horizontal
d. vertical
e. exclusive
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The Michener Corporation is trying to choose between the following two mutually exclusive design projects: 63000
The Michener Corporation Company must choose Project 2 as its more profitable. Here's why,
SOLUTION: -Profitability Index PI = ( PV of future cash flows) / Initial investment
PV of future cash flows = Σ CFn / ( 1 + r )ⁿ, where, CFn is the cash flow for year.
Required return = r = 11%
For Project 1,
PV of future Cash Flows
= 32000 / ( 1+0.11 ) + 32000 / ( 1+0.11 )² + 32000 / ( 1 + 0.11 )³ = $78198.87
Initial Investment = $63000
⇒ PI = 78198.87 / 63000 = 1.24
For Project 2,
PV of future Cash Flows
= 9750 / ( 1 + 0.11 ) + 9750 / ( 1 + 0.11 )² + 9750 / ( 1 + 0.11 )³ = $23826.21
Initial Investment = $18100
⇒P or profitability index = 23826.21 / 18100
= 1.32
Therefore, According to profitability index rule, project with highest PI should be selected. Hence, Project 2 should be selected.
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What is the correlation coefficient of the relationship between the average weekly hours spent studying and the score on the final exam?.
The correct answer is : Multiple R = 0.5049 (correlation coefficient )
What is Correlation Coefficient ?The correlation coefficient of the relationship between the average weekly hours spent studying and the score on the final exam can be determined/calculated via the relationship between the average weekly hours spent studying and the score of the final exam.
To find the correlation coefficient we will find the square root of R squared :
[tex]\sqrt{R - SQUARED}[/tex] [tex]=[/tex] [tex]\sqrt{0.2549}[/tex] [tex]=[/tex] [tex]0.5049[/tex]
Remember that for single variable linear regression, Multiple R, which is the square root of R2, is equal to the absolute value of the correlation coefficient. The regression coefficient for Average Weekly Hours Studying (0.03, as shown in the bottom table of the output) is positive, so the slope is of the regression line is positive. Therefore, the correlation coefficient must also be positive.
Your question is incomplete, but most probably your full question was:
SUMMARY OUTPUT
Dependent Variable: Score on Final Exam
Regression Statistics
Multiple R 0.5049
R Square 0.2549
Adjusted R Square 0.2394
Standard Error 0.15
Observations 50
ANOVA
df SS MS F Significance F Regression 1 0.36 0.36 16.42 0.0002
Residual 48 1.05 0.02
Total 49 1.41
Coefficients Standard t Stat P-Value Lower Upper
Error 95% 95%
Intercept 0.57 0.03 20.57 0.0000 0.52 0.63
Average Weekly
Hours Studying 0.03 0.01 4.05 0.0002 0.01 0.04
Therefore, we can conclude that the is : Multiple R = 0.5049 (correlation coefficient )
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What is the name for the practice whereby a married woman loses all of her political and economic rights to her husband?.
Coverture is the name for the practice whereby a married woman loses all of her political and economic rights to her husband. Hence, the correct answer is coverture. Read below about coverture.
What is coverture?Coverture was a legal doctrine in the English common law in which a married woman's legal existence was considered to be merged with that of her husband, so that she had no independent legal existence of her own.
Therefore, the correct answer is as given above
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What is the process of analyzing financial data with ratios to compare a firm performance to competitors?
Ratio analysis is the process of analyzing financial data with ratios to compare a firm performance to competitors.
It is calculated by dividing a company's profit after tax (EAT) by its total capital and multiplying the result by 100%. A common analytical tool for profitability metrics is a cross-sectional analysis, which compares metrics for multiple companies in the same industry.
Relationship analysis is the process of determining and interpreting relationships between items in financial statements. Its purpose is to provide a meaningful understanding of the company's performance and financial data. It is therefore a technique for calculating key figures and analyzing financial statements.
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The process of comparing a company's financial ratios to a competitor or the industry average is known as benchmarking.
Explanation:Benchmarking is the process of comparing a company's financial ratios to a competitor or the industry average. It is a strategic management tool used to identify areas of improvement and set performance targets.
By comparing key financial ratios such as profitability, liquidity, and efficiency, companies can evaluate their financial performance in relation to their competitors and industry standards. This analysis helps companies identify strengths and weaknesses and make informed decisions to improve their financial performance.
Benchmarking provides valuable insights into how a company is performing compared to its competitors and the industry as a whole. It allows companies to identify best practices and learn from successful competitors. By setting performance targets based on industry benchmarks, companies can strive to achieve higher levels of financial performance.
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As the ceo of one of these companies, how would you respond to calls to share your company’s ip and under what circumstances? How would a biblical worldview influence your decisions?
As the ceo of one of these companies, how would you respond to calls to share your company’s ip and under what circumstances
The Biblical worldview says there is a God—One who is personal, powerful and caring—who created the world and everything in it.
Cultivating a Biblical Worldview
Orgin – where did I come from?
Destiny – where am I going?
Purpose – why am I here?
Values – how should I live?
Truth – what is the truth?
If sharing truely makes experience. Partnering with a suitably qualified company can provide exquisite advantages.
A biblical worldview is depended upon the plans God has for my life, verses my personal desires, for example, I may need to be wealthy, however God may additionally simply want me to be at ease
The necessities inside the biblical worldview are:
God, humanity, Christ, recovery.“Worldviews no longer best effect how we apprehend and make experience of the sector round us however also have an impact on how we specific ourselves in the international. The constellation of personal values, beliefs, assumptions, attitudes, and thoughts that make up our worldview have an affect on our goals and goals, relationships and behaviors.
A biblical worldview affirms that God is the sovereign and almighty Lord of all lifestyles. Such an confirmation rejects any form of dualism, that count number has ceaselessly existed, or that be counted must, therefore, be evil given that it's far in principle opposed to God, the supply of all appropriate.
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Household production, such as baking bread at home, is not included in gdp because it.
Household production, such as baking bread at home, is not included in GDP because it does not involve a market transaction.
What exactly is a market transaction?
The trading of commodities and services on a market. When calculating gross domestic product, the set of market transactions that take place in the economy is crucial (GDP). Market transactions offer the fundamental information that the Bureau of Economic Analysis' number crunchers use to start estimating GDP.
These number crunchers' objective is to assess economic production rather than merely market transactions. As a result, they boost economic production while removing those market transactions that do not entail it.
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Match each term with its description. Tiles human capital right gross domestic product infrastructure physical capital Pairs the direction a production possibilities curve shifts when the economy grows
All are terms relating to Economic Growth.
Right: the direction a production possibilities curve shifts when the economy grows.Tiles: Physical CapitalHuman capital: the skills and knowledge that employees bring to their jobs.Infrastructure: the items necessary for a business or community to function, such as railroads, airports, hospitals, and Internet.What is Economic growth of a country?When comparing one period of time to another, economic growth is a rise in the production of economic commodities and services. It can be calculated in nominal or real (inflation-adjusted) terms. Although other metrics are also employed, gross national product (GNP) or gross domestic product (GDP) are the most common ways to quantify overall economic growth. An economy is said to be experiencing economic growth when its total output rises. Gains in overall production frequently, but not always, correlate with higher average marginal productivity.In economic growth, there is a gain in income, which encourages people to spend more money on goods and services, raising the standard of living or quality of life in tangible terms.
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Answer:
This is the correct answer.
Explanation:
Suppose demand for soy beans, which are sold in a perfectly competitive market, permanently increases. What will happen to the price and quantity of soy beans in the long-run
Answer:
price will increase and the quantity will fall over time
Which of the following governs a limited partnership, its internal affairs, and the liability its limited partners
The correct option is : the law of the state in which it is organized.
What is limited partnership?Limited partnership (LP) is a type of partnership organization that limits the personal liability of some partners. In general partnerships, every partner remains personally liable for the debts and obligations of the partnership.
A limited partnership (LP)—not to be confused with a limited liability partnership (LLP)—is a partnership made up of two or more partners. The general partner oversees and runs the business while limited partners do not partake in managing the business. However, the general partner of a limited partnership has unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment.
There are three forms of partnerships:
Limited partnership.General partnership.Limited liability partnership.Therefore, we can conclude that the correct option is D.
Your question is incomplete, but most probably your full question was:
Which of the following governs a limited partnership, its internal affairs, and the liability its limited partners?
A. the federal government
B. all states in which the business operates
C. the articles of limited partnership
D. the law of the state in which it is organized
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When you feel cold, you engage in behavior to reduce this unpleasant feeling, for example, by putting on your coat. This desire to reduce internal tension is a crucial aspect of ________ theory.
This desire to reduce internal tension is a crucial aspect of the drive-reduction theory.
What is drive-reduction theory?It corresponds to a psychological theory developed by Clark Hull, who believed that individuals are motivated to meet their basic needs, which are psychological and physiological needs.
Therefore, a behavior to reduce the unpleasant sensation of cold would be a physiological motivation proposed by the drive-reduction theory.
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Tanen inc. follows theory z and assumes a relationship between the company and the employee that is not typical in the united states. The company plans for?
Tanen inc. follows theory z and assumes a relationship between the company and the employee that is not typical in the united states. The company plans for long-term staff development and employment.
Developing staff members' knowledge, abilities, and competencies, in order to increase their effectiveness and efficiency for both themselves and the company, is referred to as staff development.
All types of development activities are included in staff development, including workshops, work shadowing, independent study, e-learning, internal or external courses, and scheduled experiences.
Within the constraints of the current budgetary allocation and the acknowledged business necessity, the Company shall endeavor to support persons in a number of ways.
Investing in staff development ensures that your business has the greatest team possible.
When staff members are adequately trained and that training is kept current, they can better assist consumers and provide an excellent customer experience.
Additionally, it demonstrates your willingness to invest in your employees, and they will reward you with greater loyalty and improved performance.
Hence, the company plans for long-term staff development and employment.
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If the marginal benefit of the first donut is 30 , the marginal benefit of the second donut is 15, and the marginal benefit of the third donut is 10, what is the total benefit from eating 2 donuts?.
The total benefit from eating 2 donuts is 45.
What Does Marginal Gain Mean?A consumer's utmost willingness to pay for an additional commodity or service is known as the marginal benefit. It also refers to the additional pleasure or utility that a customer experiences after purchasing the extra commodity or service. As a consumer consumes more of a good or service, their marginal benefit tends to drop.
The term "marginal revenue" is frequently used in the business world to describe the manufacturers' marginal gain.
Calculation:
The extra enjoyment attained from eating one more unit of the good is referred to as a marginal benefit. It alludes to the benefit brought on by consuming one additional unit of a good. Total satisfaction obtained from using products and services is the overall gain.
The combined advantages of eating the first two doughnuts equal the benefits of eating two doughnuts.
= 30 +45
=45.
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Monique's Unique Boutique sells clothing from around the world in the United States. Monique regularly travels overseas to find the best and most unusual shirts, dresses, and pants that foreign producers have to offer. Monique is a(n)
Monique is a(n) Importer.
What is an Import?
Any good or commodity brought into one country from another. Customs authorities must be involved in both the import and export countries.
Import trade means goods and services purchased in one country from another. Because products are frequently transported by ship to foreign countries, the term "import" derives from the word "port." Imports, like exports, are the backbone of international trade.
In this case, if the cost of a country's imports exceeds the value of its exports, the country has a negative balance of trade (BOT), also known as a trade deficit.
Objectives of Import Trade:
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Question Content Area The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)
Jan. 1 Inventory 1,500
Cash 1,500
What are journal entries?A journal entry is an act of keeping or producing records of any economic or non-economic transaction.An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry can be made up of multiple records, each of which is either a debit or a credit. Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.Inventory purchase journal entry:
Say you purchase $1,000 worth of inventory on credit. Debit your Inventory account $1,000 to increase it. Then, credit your Accounts Payable account to show that you owe $1,000. Because your Cash account is also an asset, the credit decreases the account.Therefore, the journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)
Jan. 1 Inventory 1,500
Cash 1,500
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The question you are looking for is here:
The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
(A) Jan. 1 cash 1,500
Account receivables 1,500
(B) Jan. 1 Purchases 1,500
Account payable 1,500
(C) Jan. 1 Inventory 1,500
Office Supplies 1,500
(D) Jan. 1 Inventory 1,500
Cash 1,500
If you were going to get a loan to purchase a new car, which financial intermediary would you use?
a. an investment bank.
b. a credit union
c. a commercial ban
If you were going to get a loan to purchase a new car, financial intermediary you would use is a commercial bank.
Financial intermediary is that entity that acts as an intermediary or the middlemen between the two parties during any financial transaction.
Financial intermediaries can be a commercial bank, an investment bank, pension fund or the mutual funds.
Commercial bank is that financial institution which offers different financial functions such as accepting deposits, offers various loans, offering checking account facilities, and also offers some basic facilities such as saving accounts to the customers.
It provides personal loans, mortgages, commercial loans to the customers.
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Ted Catering received $920 cash in advance from a customer for catering services to be provided in three months. Determine the general journal entry that Ted Catering will make to record the cash receipt. Multiple Choice
Journal entry
Date account and explanation Debit credit
Cash 920
Unearned catering revenue 920
A magazine entry is a record of a business transaction for your business books. In double-entry bookkeeping, you're making a minimum of two magazine entries for every transaction. Due to the fact, that a transaction can create a variety of changes in an enterprise, a bookkeeper tracks all of them with magazine entries.
An example of journal access consists of the purchase of machinery through us of an in which the machinery account will be debited, and the cash account can be credited.
An instance of a magazine is a diary in which you write approximately what takes place to you and what you're questioning. An instance of a magazine is the new England magazine of medication, in which new research is posted which might be applicable to doctors and medicinal drugs.
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write the answer in a income statement sheet
The income statement has net income of $4710.
Income statementIncome statement for the year ended November 30, 2020
Repair Revenue $9900
Installation fees $1600
Total revenue $11,500
Expenses:
Salaries expense $2600
Rent expense $2000
Advertising expense $850
Supplies expenses $185
Utilities expense $235
Insurance expense $150
Delivery expense $770
Total expenses $6790
Net income $4710
($11,500-$6790)
Therefore the income statement has net income of $4710.
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Writing the net income in an Income statement sheet for Riley Repair Shop for the year ended November 30, 2020, is as follows:
Riley Repair Shop
Income StatementFor the year ended November 30, 2020
Revenue:Repair Revenue $9,900
Installation fees 1,600
Total revenue $11,500
Expenses:Salaries $2,600
Rent 2,000
Advertising 850
Supplies 185
Utilities 235
Insurance 150
Delivery 770
Total expenses $6,790
Net income $4,710
What is an income statement?An income statement is a financial statement that summarizes an entity's revenue and expenses to determine the net income.
It is also called an income summary and determines the entity's financial performance for a financial period.
Thus, Riley Repair Shop's income statement shows that it earned a net income of $4,710 for the year ended November 30, 2020.
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A university issues a bond with a face value of $5000 and a coupon rate of 4. 41% that matures on july 15, 2018. The holder of such a bond receives coupon payments of $110. 25. How frequently are coupon payments made in this case?.
The coupon payments would be made twice every year.
What is coupon payment?
Coupon payment means the cash amount that bondholders would receive from the university(bond issuer) on periodic basis till the bond matures, it is likely that the coupons are payable semiannually or annually as would be determined in this analysis.
The coupon payment is closely related with the coupon rate , which means that in order to determine the number of times in a year that coupons will be paid we can make use of the coupon received, the par value, the coupon rate, such that the frequency of coupon payments would be the unknown as shown below:
coupon receipt=par value*coupon rate/coupon frequency
coupon receipt=$110.25
par value=$5000
coupon rate=4.41%
coupon frequency=unknown(assume it is X)
$110.25=$5,000*4.41%/X
$110.25=$220.50/X
X=$220.50/$110.25
X=2
Coupons would be twice every year, which means semiannual coupon payments
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As a percentage of u.s. gdp, today exports are _________ and imports are _______ than they were in 1950.
a. lower, lower
b. higher, higher
c. lower, higher
d. higher, lower
As a percentage of U.S GDP, today exports are higher and imports are lower than they were in 1950.
Option D. higher, lower.
In 2020, exports of goods and services from the United States accounted for approximately 10.13% of gross domestic product (GDP). This is up from his 9.25% of US GDP in 1990.
When a country exports goods, it sells them to foreign markets: consumers, businesses, or governments in other countries. These exports bring money to the country and increase the GDP of the exporting country.
US exports of goods and services (based on national income) account for approximately 14% of the US GDP. In recent years, the United States has: We export more services abroad than we import.
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Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?
A mental budget
He need just keep in mind that he generates a profit of $50 per week if he only receives $100 per week and spends $50 of that for car insurance. A mental budget would be ideal because it is not complicated.
What is mental budgeting?Mental budgeting is fairly prevalent, and it is explained by having saving objectives, financial knowledge, a time-oriented mindset, and financial circumstances. Additionally, having an overview of spending and current accounts, as well as household financial management, were positively correlated with mental budgeting, along with the effects of financial status, time orientation, and financial awareness.
I understand the question you are looking for is this:
Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?
A. a software-based budget
B. a mental budget
C. a physical budget
D. a written budget
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Sources of financing for corporations include ______. (Check all that apply.) Multiple select question. issuing stock borrowing collecting accounts receivable fixed asset retirements
Sources of financing for corporations include issuing stock and borrowing.
How would you define financing?
The process of raising capital or finances for any type of spending is known as finance. It is the act of directing various financial resources—such as credit, loans, and invested capital—to those parts of the economy that need them most or can use them most effectively.
Family and friends, equity providers, debt providers, and institutional investors are the four types of frequent funding sources employed in developing countries.
Any economic system that makes use of financing is essential because it enables businesses to buy goods that are out of their immediate price range. To put it another way, financing is a means to use the time value of money (TVM) to employ anticipated future cash flows for projects.
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ABC Lending requires mortgage borrowers to prepay 12 months of property taxes and insurance at closing. Where must these funds be held
ABC Lending requires mortgage borrowers to prepay 12 months of property taxes and insurance at closing. In Escrow account must these funds be held.
What is Escrow account ?When two parties to a financial transaction agree to hold valuables like money, property deeds, and personal financial papers in an escrow account until certain requirements are met, the account is maintained by an outside entity.
Escrow is a legal arrangement in which a third party accepts and disburses funds or property on behalf of the principal parties to a transaction, with the disbursement subject to terms established by those parties.
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What is the largest sector of the online travel services market in terms of revenue?
The largest sector of the online travel services market in terms of revenue is Airline Reservations.
An airline is a company that provides air transportation services to passengers and cargo while traveling. Airlines may use aircraft to provide these services and partner or partner with other airlines to enter into codeshare agreements to provide and operate the same flights.
In the aviation industry, airlines generally fall into three categories. That is legacy (or "network") airlines, low-cost carriers (LCC), and ultra-low-cost airlines (ULCC). The two airlines are not exactly the same, but almost all fall into one of these categories. American Airlines Group is the largest in fleet size, passengers carried, and passenger miles.
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The most competitively effective and very likely most profitable long-term approach to reducing or eliminating the impact of paying tariffs on pairs imported to a company's distribution warehouse in Europe-Africa is to
Build and equip a production facility in Europe-Africa and then expand it as may be needed to supply all ( or at least most) of the pairs the company intends to try to sell in Europe-Africa is the most competitively effective and very likely most profitable long-term approach to reduce or eliminate the impact of paying tariffs imported to a company's distribution warehouse in Europe-Africa.
Tariffs are taxes imposed by one country on goods or services imported from another country. Tariffs are trade limitations that raise prices and decrease available quantities of goods and services for U. S. businesses and customers.
A “unit” or specific tariff is a tax levied as a fixed charge for each unit of a good that is imported – for instance, $300 per ton of imported steel. An “ad valorem” tariff is levied as a proportion of the value of imported goods. An example is a 20 percent tariff on imported automobiles.
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