To compute the direct material used, we need to find the difference between the beginning raw materials and the ending raw materials and then add the cost of the material purchases for the current year:
Direct Material Used = (Beginning Raw Materials - Ending Raw Materials) + Material Purchases
Direct Material Used = (35,500 - 40,250) + 304,200
Direct Material Used = $299,450 So, the direct material used by Davenport Company during 2018 was $398,450.
What is direct material?
Direct material refers to the raw materials or components that are directly used in the production of a finished product. Direct materials are a key cost component of manufactured goods and are typically traced directly to the finished product for cost accounting purposes. Examples of direct materials include raw materials such as steel, plastic, and wood for a manufacturer of furniture; ingredients for a food manufacturer; or components for an electronics manufacturer. Direct material costs are an important factor in determining the cost of goods sold and, therefore, the overall profitability of a business.
Hence, the answer is $398,450.
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you just sold short 1,000 shares of wetscope, inc., a fledgling software firm, at $58 per share. you cover your short when the price hits $48.50 per share one year later. if the company paid $.63 per share in dividends over this period, what is your rate of return on the investment? assume an initial margin of 55 percent. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
The rate of return would be -27.62% if the corporation had paid dividends of $.63 per share throughout this time.
To calculate the rate of return, we first need to determine the profit or loss from the short sale.
Profit/Loss = (Selling Price - Purchase Price) * Number of Shares - Dividends Paid
Selling Price = $48.50 per share
Purchase Price = $58 per share
Number of Shares = 1,000 shares
Dividends Paid = $0.63 per share * 1,000 shares = $630
Profit/Loss = ($48.50 - $58) * 1,000 - $630
= -$9,500 + $630
= -$8,870
The initial margin requirement was 55%. So the total amount invested in the short sale was $58 * 1000 * 55% = $32,100.
Rate of Return = (Profit/Loss) / Investment
= (-$8,870) / $32,100
= -0.2762
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with respect to cost classifications for predicting cost behavior: a. what is the total variable manufacturing cost? b. what is the total fixed cost for the company as a whole? c. what is the variable cost per unit produced and sold?
1a Direct Materials $70,000 and Direct Labor $35,500. Further, Total manufacturing overhead $43,700. So, Total product cost $149,200
b.Total Selling Cost $30,600
Total administration fee $29,300
Total duration cost $59,900
2a. Direct Materials $70,000
Direct Labor $35,500
Total direct manufacturing cost is $105,500
b. Variable manufacturing overhead $15,400
$28,300 fixed manufacturing overhead
Total indirect manufacturing costs were $43,700
3a. Direct Labor $35,500
manufacturing effort
Variable manufacturing overhead $15,400
Fixed manufacturing overhead $28,300 $43,700
Conversion cost $79,200
b. Direct Materials $70,000
Direct Labor $35,500
Prime cost $105,500
4a. Direct Materials $70,000
Direct Labor $35,500
Variable manufacturing overhead $15,400
Total variable manufacturing cost is $120,900
b. Fixed Selling Cost $18,400
Fixed administrative fee $25,200
Total fixed costs $71,900
c. direct materials $70,000
Direct Labor $35,500
Variable manufacturing overhead $15,400
Variable cost of goods sold $12,200
Variable administrative fee $4,100
Total variable costs (a) $137,200
Production and sales volume (b) = 1,000 units
Variable cost per unit produced and sold is as a/b = $137,200/1,000 units = $137.20
5. Incremental cost per unit produced = total variable cost of manufacture / number of units produced and sold = ($120,900/1000 units) * 1 = $120.90
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Complete question:
when you attend summer school, which prevents you from working at your usual summer job in which you normally earn $6,000 for the summer. your tuition cost is $3,000, books and supplies cost $300, and room and board cost $1,000. for an economist, the total cost of attending summer school is
You have decided to attend summer school even during summer, which prevents you from working at your typical summer job in which you would typically earn $6,000; the opportunity cost of going to summer school is thus $10,300.
What do summer school classes entail?a summer school or session that allows students to expedite their progress more towards a diploma or degree and make up credits they have missed due to absence or failure.
As to why students enroll in summer courses.These days, kids of all students in grades enroll in summer courses. You might enroll in summer courses to better comprehend a certain subject or to make extra time in your schedule all throughout academic year.
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external shock or development that could drastically change or hasten the course of economic development?
chance refers to an external shock or development that could drastically change or hasten the course of economic development.
A financial shock is one that starts from the financial area of the economy. Since current economies are so profoundly reliant upon the progression of liquidity and credit to support typical activities and payrolls, financial shocks can impact each industry in an economy.
A stock market crash, a liquidity emergency in the banking system, capricious changes in money related strategy, or the fast depreciation of a cash would be instances of financial shocks. Financial shocks are the essential type of ostensible shocks, however their belongings obviously can genuinely affect truly economic activity.
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The correct question is:
_________ refers to an external shock or development that could drastically change or hasten the course of economic development.
a volume-based cost system is likely to assign more manufacturing overhead costs to products:
A volume-based cost system is likely to assign more manufacturing overhead costs to products that sell more units than others.
Volume Based Cost System:
Volume-based allocation is the allocation of factory overhead costs based on units of activity rather than cost. Examples of such attribute bases are square footage used, labor hours used, machine hours used, and units produced.
Factory overhead rates in volume-based quoting systems are either a single overhead rate for the entire job (factory-wide rate) or a set of overhead rates with different rates for each department (department rate) . These overhead rates use one or more volume-based activities to allocate (or allocate) factory overhead costs to products or services. A performance-based costing system distributes costs evenly so that each payer (product or service) receives the same amount. Volume-based costing systems have stood the test of time since the early days of costing. However, there have been notable changes in production methods, organizational structures, cost behavior and scale. Production is now automated and computerized. Indirect costs accounted for a much higher percentage of total costs than direct labor costs. Support features and their costs continue to increase. As a result, overhead costs are now less sensitive to production volume (as in traditional costing) and more to the range and complexity of the products manufactured.
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What would you expect to have happened to the spread between yields on commercial paper and Treasury notes immediately after September 11 2001?A) No change, the spread does not usually react to a crisis
B) Increase, the spread usually increases in response to a crisis
C) Decrease, the spread usually decreases in response to a crisis
D) The spread has no "usual" reaction to a crisis
The reaction of the spread between yields on commercial paper and Treasury notes immediately after September 11, 2001 is D)not necessarily "usual".
The spread can react differently in different crises, depending on the underlying economic conditions at the time. Some possible reactions to September 11 could be a decrease in the spread due to a flight to safety in the Treasury market, or an increase in the spread due to a decrease in demand for commercial paper.
It is important to note that the reaction of the spread is not predetermined, and can vary depending on the specific circumstances of each particular crisis.
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grace, a project manager for a multinational corporation, has chosen the people for the project team roles identified in the human resource plan for a project developing a new accounting program. the team members are geographically dispersed across multiple continents. the communications management plan identifies the technologies to be used by the team members when communicating amongst each other. which is the greatest obstacle that must be overcome to build an effective team? answers a. local human resource policies b. different time zones c. disparate tools and technologies d. cultural differences
Cultural variations is the greatest obstacle that must be overcome to build an effective team. Building an efficient project team can be significantly hampered by cultural differences, especially if team members are spread out over many countries.
Disagreements and conflict can result from cultural differences in attitudes, values, beliefs, communication methods, and working conventions. Grace will need to make adjustments to account for cultural disparities and promote team work in this situation. In order to do this, it may be necessary to offer cross-cultural training, encourage honest communication, and provide chances for team members to get to know one another.
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which of the following is not a trust or estate exempted from the application of the net investment income tax under irc §1411?A. Purely charitable trusts B. Decedent's estate C. Qualified retirement plan trusts D. Qualified tuition program trusts
(C). Qualified retirement plan trusts. The Internal Revenue Service (IRS) levies the Net Investment Income Tax (NIIT) in accordance with Internal Revenue Code (IRC) Section 1411.
For individuals, estates, and trusts, the tax is imposed on a number of investment-related income streams, including interest, dividends, capital gains, rental income, and passive business revenue. For anyone with an adjusted gross income (AGI) above a specific amount ($200,000 for single filers, $250,000 for married filers), the tax rate is 3.8%. The tax's goals are to raise more money and assist in reducing the expense of paying for the Affordable Care Act. The NIIT must be computed and reported in addition to other taxes due because it is a distinct tax from the standard income tax.
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match the components of competition to the correct example.
Components of competition: Substitutes, Venue , Officials , Teams , Spectators Each of these components plays a crucial role in the competition, ensuring that the event runs smoothly and fairly
Each of these components plays a crucial role in the competition, ensuring that the event runs smoothly and fairly. Substitutes provide teams with the ability to make strategic changes during the game and keep players fresh. The venue sets the stage for the competition and provides the necessary infrastructure to host the event. Officials enforce the rules, ensuring that the competition remains fair and unbiased. Teams are the main focus of the competition, as they compete against each other for victory. Spectators add excitement and energy to the competition, as they cheer on their favorite teams. Together, these components form the backbone of any competition, making it a memorable and enjoyable experience for all involved.
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How much id150 pounds to dollars?
Exchange Rates: 1 50British Pound = 184.665 US Dollar
So id150 pounds is equal to 184.665 US Dollar.
What is the name of a dollar?A "buck" or "single" is the term used to describe the $1 bill. The $2 bill, which is infrequently used, is frequently called the "deuce," "Tom," or "Jefferson" (after Thomas Jefferson). The dollar is a currency used by more than 20 nations. The United States dollar, which was established in 1792 and named after the local currency known as the Spanish dollar, was the first still-existing currency with such a name. There are other additional currencies, such as the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Eastern Caribbean dollar, Jamaica dollar, Liberian dollar, Namibia dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, and Trinidad and Tobago dollar.
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question at position 8 successful modern supply chain management typically includes the practice of?
Successful modern supply chain management typically includes the practice of leveraging technology to optimize processes, streamline operations, and increase efficiency.
Supply chain management includes the use of software such as Enterprise Resource Planning (ERP) systems, automation of manual processes, and analytics to identify areas of improvement.
Automating processes and leveraging data helps streamline communication between vendors, customers, and other stakeholders, while providing visibility into the entire supply chain. Additionally, companies can leverage analytics to identify areas of inefficiency, such as delays in delivery or inventory imbalances.
By leveraging technology and data, supply chain management teams can optimize operations and increase efficiency. This leads to improved customer experience and increased profitability.
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A turtle and Achille compete they tart at the ame time from the ame place. Achile run at a peed of 13 mph while the turtle move at a peed of 1mph. When Achille reache the finih line, the turtle i 2/5 of a mile behind him. How far apart are the tart and finih line?
Achille and the turtle started 121.99 miles apart and Achille finished the race 2/5 of a mile ahead of the turtle.
Achille and the turtle set off from the same starting point and raced each other to the finish line. Achille ran at a speed of 13 mph and the turtle moved at a speed of 1mph.
After a long race, Achille crossed the finish line and the turtle was still 2/5 of a mile behind him.
To find out how far apart the starting and finishing line were, we can use a simple math problem.
Since Achille ran at a speed of 13 mph, he travelled 13 miles per hour. We can use this to determine how long it would take him to reach the finish line.
To do this, we need to divide 2/5 of a mile (the distance between Achille and the turtle) by 13 mph. This gives us 0.15384615384615385 hours, or 9.23 minutes.
Since we know that Achille ran 13 mph for 9.23 minutes, we can multiply these two values to get the total distance travelled by Achille.
13 mph x 9.23 minutes = 121.99 miles.
This means that the starting and finish line were 121.99 miles apart.
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Sometimes economists disagree because their scientific judgments differ. Which of the following instances best reflects this source of disagreement? a.) One economist believes everyone should pay the same percentage of their income in taxes; another economist believes that wealthier citizens should pay a higher percentage of their income in taxes. b.) One economist believes that manufacturing firms should face greater regulation to preserve the environment; another economist believes the government should not intervene in free markets. c.) One economist believes that equality should be valued over efficiency in policy decisions; another economist believes that efficiency should be valued over equality inpolicy decisions. d.)One economist believes the government should tax a householdâs income; another economist believes the government should tax a householdâs consumption
Choice d best reflects the source of this discrepancy. The reasons behind this disagreement is differences in values and differences in scientific judgment. In this case, economists are at odds because of their differing scientific judgments because they disagree on matters of fact.
A type of tax system that reduces the fiscal deficit. Some economists believe the government should tax household income. Another economist believes the government should tax household consumption. Because this leads to more savings for households. If an airline costs $100,000 to fly his 200-seat plane, and he has 10 seats available on one flight, he sells the tickets because the marginal utility exceeds the marginal cost.
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which three factors have contributed to the shift in attitudes regarding men and women in the marketplace?
A rise in the number of people playing organized sports. Career mothers serving as a model for young women's lifestyle decisions and gaining exposure to the industry by using the Internet are the three factors.
A marketplace, often called a market place, is a place where people regularly assemble to purchase and sell goods including food, animals, and other things. Some markets around the world run every day and are referred to as permanent markets, but others take place only once a week or on infrequently occurring days like festival days and are referred to as periodic markets. The demographics, culture, environment, and geographical characteristics of a place shape its market. The term "market" refers to a wide range of commerce, including food halls, market squares, and market halls in all of its various forms. Therefore, in the modern period, marketplaces can be found online as well as indoors and outside.
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on their december 31, 2022 tax return, ecogreen, inc., a c corporation, suffered a difficult year and generated a loss. what are ecogreen's options for dealing with the loss for tax purposes?
The taxable income that corporations produce in following years can be reduced by carrying forward losses.
What options does ecogreen have to cope with the loss for tax purposes? The taxable income that corporations produce in following years can be reduced by carrying forward losses.While individuals and small firms typically utilize the cash method, the majority of enterprises generally employ accrual accounting.Small business taxpayers that meet the IRS's eligibility requirements may select either approach, but they must stick with it.A period shorter than 12 months cannot be included in a corporate tax year.Except in exceptional cases, businesses are required to record their earnings and deductions for the entire calendar year.Your tax obligations are lessened as a result.Your required tax payment is lowered by exemptions, modifications, deductions, and credits.To learn more about taxable income refer
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an account in a general ledger that summarizes all accounts in a subsidiary ledger
The concept is a Ledger, a book that contains different accounts where records of transactions pertaining to a specific account is stored. The answer is, controlling the account.
The general account that combines all sub-accounts is called the omnibus account. The balance of the control account corresponds to the total of the associated ledger.
The general ledger is a digital or physical journal that records transactions related to the financial system. Often referred to as the general ledger, the ledger is intended to provide records of all financial transactions that take place during the life of the operating company.
Contains accounts for assets, liabilities, equity, income and expenses. The registry includes all listed active accounts.
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Why is it difficult for markets to produce appropriate levels of public goods?A. People have an incentive to free-ride on others' contributions.B. It's difficult to measure individuals' abilities to pay for public goods.C. Public goods generally benefit only a small number of people.D. Public goods primarily benefit low-income people who cannot afford to pay for them.
The reason is that it's difficult to measure individuals' abilities to pay for public goods.
What is public goods?In economics, a good that is both non-excludable and non-rivalrous is referred to be a public good. Users cannot be denied access to or use of such goods just because they didn't pay for them. Additionally, use by one individual does not restrict access for others or lessen their availability.
Usually, governments are in charge of providing these services, and taxes are used to pay for them all. The rule of law, national defense, and law enforcement are a few examples of public goods.
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5) real estate loans would be noted on the loan application under:
Real estate loans would be noted on the loan application under the section for "Collateral".
In this section, the borrower would provide details about the real estate property that is being used as collateral for the loan. This would typically include information such as the property address, the estimated value of the property, and any liens or mortgages already on the property. The loan application would also have other sections, such as personal information, employment history, and financial information, which the borrower would need to complete to provide a complete picture of their financial situation and ability to repay the loan. By including information about the real estate property as collateral on the loan application, the lender can assess the value of the property and determine whether it provides sufficient security for the loan. This helps the lender evaluate the risk of the loan and make a decision on whether to approve the loan or not.
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a fraud perpetrator sends an official-looking letter to a borrower advising that the borrower's loan has been sold to them. the unsuspecting borrower then sends the mortgage payment to the address indicated on the letter and the thief makes off with the money. which fraud scam is this?
An illustration of a mortgage distraction fraud scam is the statement above.
What does "mortgage industry" mean?A mortgage is a type of debt instrument used only in real estate. A real estate asset serves as the collateral for it. A bank that specialises in mortgage loans is known as a mortgage bank. It may be involved either in the origination, servicing, or both of mortgage loans.
What does India's mortgage market entail?One of the largest subsectors in India's banking, financial services, and insurance industries is the mortgage industry. The Indian housing financial sector was formerly known as the mortgage sector in India.
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kathia, a college sophomore, wants to master effective time-management techniques for studying. according to the text, which technique is not among those which are recommended to practice effective time management?
The technique is not among those which are recommended to practice effective time management e. Studying for 50 minutes, then breaking for 10 minutes. So that the information can be processed well.
In business, Time management generally can be defined as the process of planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency, and productivity. There are several types of time management, we can learn about time management with several ways, such as Set reminders for all your tasks, Create a daily planner, Give each task a time limit, Block out distractions, and also Establish routine.
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1. what functions of hrm are similar to marketing functions? how can thinking about ""marketing"" a company’s jobs improve the strategic focus of human resources personnel?
Human Resource Management (HRM) and Marketing are two distinct business functions that have many similarities. In both functions, the goal is to attract and retain customers or employees. HR personnel can improve their strategic focus and better meet the needs of the business.
HRM is similar to marketing in that both functions focus on promoting and selling a product or service. In HRM, the product being sold is a job opportunity within the company. Just as marketing seeks to attract customers to a business by highlighting the benefits of its products or services, HRM seeks to attract potential employees to the company by highlighting the benefits of working there. This may include compensation, benefits, company culture, and opportunities for growth and development.
Thinking of HRM as marketing can improve the strategic focus of HR personnel by helping them to better understand the needs and preferences of their target audience, which in this case are potential employees. This requires HR personnel to conduct market research and gather information about what potential employees are looking for in a job and what they value in an employer. This information can then be used to create job descriptions and employee benefits packages that are more appealing to potential employees.
Additionally, by viewing HRM as marketing, HR personnel can improve their communication skills and become better at promoting their company's job opportunities. This can include developing compelling job advertisements, improving the company's career website, and utilizing social media and other digital channels to reach potential employees.
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given that bob can respond by revising his price, too, what is the best price for you (angela's) to charge in this scenario?
The best price for Angela to charge in a scenario where Bob can revise his price too is a concept known as the Nash Equilibrium. This is a situation in which both parties make their best decisions given the decisions of the other party.
The Nash Equilibrium is the price at which neither Angela nor Bob have an incentive to revise their price.To determine the Nash Equilibrium in this scenario, Angela must consider the revision of price that Bob may make in response to her initial pricing decision. If Angela sets her price too high, Bob may revise his price lower to become more competitive. On the other hand, if Angela sets her price too low, Bob may revise his price higher to take advantage of the market.
To determine the Nash Equilibrium, Angela must consider the demand for her product, her costs, and Bob's behavior.
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if households spend $75 billion on goods and $65 billion on services, how much in revenues do businesses receive in the product market?
Answer:
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what is the doubling time of prices which are increasing by 3 percent per year?
The "rule of 70" states that there is a significant relationship between a quantity's percent growth rate and its time to double, which can be used to calculate the doubling time for a quantity that is gradually increasing.
Calculated by dividing the log of 2 by the sum of the number of compounding events per year, the natural log of one, and the rate of periodic return, the doubling time refers to the amount of time needed to double the growth or size of an investment, population, inflation, etc. The length of time it takes for something to double in size when it is expanding steadily.
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When Nike decides to regularly inspect its manufacturing facilities in Vietnam to ensure that its high standards for the treatment of workers and workers' rights are being met, this is an example of: O A corporate social responsibility initiative O ethical issue O corporate sustainability initiative Grade
This is an example of a corporate social responsibility initiative.
Corporate social responsibility (CSR) is a business approach that focuses on the social and environmental impact of a company's operations and activities.
When Nike regularly inspects its manufacturing facilities in Vietnam to ensure that workers are being treated fairly and that their rights are being upheld, this demonstrates the company's commitment to responsible business practices and ethical behavior.
This type of initiative helps companies to create a positive reputation, build trust with stakeholders, and contribute to sustainable development. By taking proactive measures to ensure that its operations align with its values and standards, Nike is demonstrating its commitment to CSR and its role as a responsible corporate citizen.
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a sport media relations director offers a pile of news releases, newspaper clippings, media guides, and brochures as evidence that her program is effective. what is the weakness of that method of assessment?
The weakness for this method of assessment of a sport media relations director is that it doesn’t provide evidence of impact.
What is sports media?
Writing that covers themes related to athletic events and contests is known as sports journalism or media. The first sports journalism appeared in the early 1800s and was aimed at the social elite. It later developed into a crucial aspect of the news industry, with newspapers having specific sports sections. Sports material was covered more frequently in media as a result of the growing interest of sports among the middle class and lower class. Sports-specific media outlets like Sports Illustrated and ESPN were born out of the desire for sports. Sports journalism takes many various forms, from play-by-play and game summaries to analysis and investigative journalism on significant changes in the field.
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a sport media relations director offers a pile of news releases, newspaper clippings, media guides, and brochures as evidence that her program is effective. what is the weakness of that method of assessment?
at the center of all analyses of the marketing environment are and their specific behaviors and attitudes.
Marketers must have a thorough understanding of consumer, competitor, and other stakeholder behavior and attitudes in order to effectively analyze the environment and make wise decisions.
Marketers are able to recognise crucial trends and patterns that will aid them in better understanding the market.
Developing successful strategies, and developing plans for expansion by having a thorough awareness of the behaviors and attitudes of customers, rivals, and other stakeholders.
Additionally, by anticipating changes in the environment, marketers can respond appropriately.
For instance, marketers can create and put into practise plans to match customer wants and remain ahead of the competition by analyzing client behaviors and attitudes.
Understanding the attitudes and actions of other stakeholders, including regulators, suppliers, and the general public, is the final step.
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the primary manager of the career development team (CDT) has hat title or position
The title or position as position command career counselor is owned by the primary manager of the career development team (CDT).
In the term of business and management, The Command Career Counselor also can be called as CCC. The Command Career Counselor generally can be defined as the critical link between a Sailor, their command, and supporting Navy organizations. The Command Career Counselor also including Navy Personnel Command or known as NPC. The Command Career Counselor has several function, one of the major function is responsible for managing the command's Career Development Program.
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what would be the equivalent taxable yield of this bond to a taxpayer in a 35ombined tax bracket_
The yield on a tax-exempt bond divided by one less the investor's marginal tax rate results in the tax-equivalent yield, or: Tax-free bond yield / (1 - marginal tax rate) = Tax-equivalent yield.
The yield on a tax-exempt bond is multiplied by one less the investor's federal income tax bracket to arrive at the tax-equivalent yield. The tax-equivalent yield of the tax-exempt investor's in this case (5.15%) is 1.15% higher than the yield of the taxable bond (4.0%). The pre-tax yield that produces the same after-tax yield as the municipal bond is known as the taxable equivalent yield. Due to their tax-exempt status, municipal bonds have an after-tax yield of 4.5%, which is the same as their pre-tax yield.
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Order the following assets in terms of most liquid to least liquid. Which is not an asset?A. Investments in stocks B. Cash in your wallet C. Money in your bank account D. Your car E. Your home F. Your rented appartment
Cash in your wallet is not an asset. Cash is thought to be the most liquid asset, whereas private firms and real assets (like real estate) are usually the least liquid.
Because they require time to convert to cash, can cost money to convert to cash, or might not convert at all, land, real estate investments, equipment, and machinery are seen as examples of non-liquid assets. Equipment, real estate, automobiles, works of art, and collectibles are some of the most prevalent types of non-liquid assets. It is also possible to regard ownership in privately held companies to be non-liquid. The time to cash conversion for various types of assets is unpredictable.
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