suppose a country has 1 billion people. seventy-five percent of its citizens are in the labor force, with 90 million unemployed. full employment occurs at 2 percent. based on this information, what is the unemployment rate?

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Answer 1

Consider a nation with a billion inhabitants. The country's unemployment rate is 10%, while of its population are employed.

Unemployment rate = Number unemployed / Labor force * 100%

The number of people who are unemployed are:

= Labor force - Employed people

= 1,00,00,000 - 90,00,000

=100,000 people

Unemployment rate = 100,000 / 900,000 * 100%

= 10%

Being able to work and actively looking for job yet unable to do so is known as unemployment. It's vital to remember that in order to qualify as unemployed, a person must be actively seeking gainful employment in the labor sector.

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Related Questions

raquel is working on a technical seo audit for a new client who recently decided to move their website from http to https. when starting her audit, raquel notices that some http pages were never redirected to the https pages, which is now causing issues for the site in search. however, this client is very resistant to the idea of implementing more redirects, since they've heard that this can lead to a drop in their search performance. how should raquel approach this situation with her client?

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She should fully halt the technical SEO audit and inform her client that she is unable to proceed until the redirection of HTTP pages to HTTPS has been handled.

She should explain to her client how redirects operate (emphasis on how 301 redirects transmit "link juice" to new pages), how having HTTP and HTTPS pages creates duplicate content, and how this may have a detrimental impact on the site's speed. She should clarify that, despite the possibility of a decrease in search performance brought on by incorrectly implemented redirects, they are an unavoidable evil and that the HTTP pages must be immediately switched over to HTTPS.

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Suppose Stock A has the following returns over the last five years: 8%, 5%, 9%, 2%, and −2%. What is the average annual return? LO2
4.2%
5.0%
4.4%
3.8%

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Suppose Stock A has the following returns over the last five years: 8%, 5%, 9%, 2%, and −2%. 4.4% is the average annual return.

What is average annual return?

The average annual return (AAR), which is typically expressed across three, five, and ten years, is a percentage that represents the historical average return of a mutual fund. Investors usually examine a mutual fund's average yearly return before investing in order to gauge the fund's long-term performance. Looking into the previous ten years' results on some of the most popular investments is a good place to start: Stock returns are on average 13.8 percent annually. International stock returns a year on average are 5.8%. Bond returns typically yield 1.6 percent annually. The main distinction between AAR and IRR is that the latter accounts for period of holding and inflation.

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Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, how much will the quantity demanded decrease by?.

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Quantity demanded after price increase = Quantity demanded before price increase * (1 - percent change in quantity demanded)

= 100 * (1 - 25%) = 100 * 0.75 = 75

How much will the quantity demanded decrease by?.The elasticity of demand measures the responsiveness of quantity demanded to a change in price. A value of 1 for the elasticity of demand means that a 1 percent increase in price will lead to a 1 percent decrease in the quantity demanded.So, if cereal increases in price by 25 percent, we can expect the quantity demanded to decrease by 25 percent, because:Percent change in quantity demanded = elasticity of demand * percent change in price= 1 * 25% = 25%This means that if the quantity demanded for cereal was 100 units before the price increase, after the price increase, we can expect the quantity demanded to decrease to 75 units:Quantity demanded after price increase = Quantity demanded before price increase * (1 - percent change in quantity demanded)= 100 * (1 - 25%) = 100 * 0.75 = 75

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What is a business ethic?

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Answer:

Explanation:

Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects. Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.

What was the role of stockholders in a corporation quizlet?
What type of business organization is entirely legally independent from its owners?

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The role of stockholder is provide capital assistance to companies to carry out company management. The type of business that entirely legally independent from its owners is Public Corporations.

In economic and business, a  stockholder generally can be defined as a person or entity that owns shares in a corporation. A stockholder also can be described as a person that own the preferred stock or common stock of a corporation (or both). Preferred stock may have special voting rights, dividends, and other features that are not available for common stock. Stockholder give an impact through the company by provide capital assistance to companies to carry out company management.

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TRUE/FALSE. the managerial definition of moore's law suggests that computing costs related to chips (microprocessors and silicon-based storage) double every eighteen months.

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True. Moore's Law is a prediction made by Gordon Moore, co-founder of Intel, in 1965 that the number of transistors on a microprocessor would double approximately every 18 to 24 months,

leading to a corresponding increase in computing power and decrease in cost per transistor. This has proven to be largely accurate over the years, with computing costs related to chips continuing to decrease while performance continues to improve. As a result, Moore's Law has had a profound impact on the development and evolution of the computer industry, driving innovation and shaping the technology landscape as we know it today.

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FILL IIN THE BLANK. A classified balance sheet shows subtotals for current ________ and current ________. (enter one word per blank)

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A classified balance sheet of a company will show the subtotals for current assets and current liabilities.

A classified balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific point in time. It is classified into different categories based on the liquidity of the items listed. The two main categories are current assets and current liabilities, and the balance sheet will often show subtotals for each. Current assets are assets that are expected to be converted into cash or used in the normal course of business within one year. Funds, accounts receivables, stock, and short-term investment are types of current assets. Current liabilities, on the other hand, are obligations that are expected to be paid within one year, such as accounts payable, short-term loans, and current portion of long-term debt. Having these subtotals allows stakeholders, such as investors, creditors, and management, to quickly and easily see the company's short-term financial position, including its ability to pay off its debts and meet its obligations in the near term.  The purpose of classifying items is to provide a clearer picture of the company's financial position, particularly its liquidity and solvency.

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3. describe the transit point proposal merloni is considering. what would be the costs and benefits of the proposed system?

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Merloni is considering a transit point proposal that would provide a connection between their current public transportation systems.

This proposal would involve the construction of new train and bus lines, as well as the addition of new stops and stations. The cost to implement this system would be significant, but the benefits could be great. It could provide more efficient connections between public transportation systems, reduce the amount of time people spend commuting, and provide better access to job centers and other services.

Additionally, it could create new job opportunities and stimulate economic growth in the area. In conclusion, the costs of the proposed transit point proposal should be weighed against the potential benefits it could bring.

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The principle of comparative advantage does not provide answers to certain questions. One of those questions is as follows:
a. Do specialization and trade benefit more than one party to a trade?
b. Is it absolute advantage or comparative advantage that really matters?
c. How are the gains from trade shared among the parties to a trade?
d. Is it possible for specialization and trade to increase total output of traded goods?

Answers

The correct answer is option c. One of the questions that the principle of comparative advantage does not answer is how the gains from trade are shared among the parties to a trade.

The principle of comparative advantage is a fundamental concept in international trade and economics. It explains why countries and individuals should specialize in the production of certain goods and services and trade with others, even if one party is more efficient in producing all goods than the other. However, while the principle of comparative advantage provides a compelling argument for the benefits of trade, it does not provide answers to certain questions.

The principle of comparative advantage states that both parties to a trade will benefit, but it does not specify how the gains from trade will be divided between them. For example, in a trade between two countries, one country may benefit more than the other due to a variety of factors such as market power, bargaining power, and the terms of trade.

Another question that the principle of comparative advantage does not answer is whether it is absolute advantage or comparative advantage that really matters. Absolute advantage refers to the ability of a country or individual to produce a good at a lower cost than another country or individual. Comparative advantage, on the other hand, refers to the ability of a country or individual to produce a good at a lower opportunity cost than another country or individual. While both absolute and comparative advantage can lead to trade, the principle of comparative advantage argues that it is comparative advantage that is the most important in determining the pattern of trade.

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A breach as defined by the DoD is broader than a HIPAA breach (or breach defined by HHS). True/False

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The DoD's definition of a breach is, in fact, larger than the HIPAA breach definition.

A breach of personal information, as defined by the Department of Defense (DOD), takes place when data is misplaced, exposed to, accessible by, or potentially exposed to unauthorized people, or compromised in a way that negatively impacts the individuals whose information it is. In general, a breach occurs when the security or privacy of protected health information is jeopardized by an improper use or disclosure that is prohibited under the Privacy Rule.

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what is an example of a regional trade agreement that has reduced trade barriers between nations?

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One example of a regional trade agreement that has reduced trade barriers between nations is the North American Free Trade Agreement (NAFTA).

NAFTA is a trilateral trade agreement between the United States, Canada, and Mexico that was signed in 1994. The agreement eliminated tariffs and other trade barriers on a wide range of goods and services traded between the three countries, making it easier and more cost-effective for businesses to trade across North America. NAFTA has had a significant impact on the economies of the participating countries, boosting trade and investment, creating jobs, and spurring economic growth. It has also helped to integrate the economies of the three countries and increase their competitiveness in the global marketplace. Overall, NAFTA is considered to be a successful example of a regional trade agreement that has reduced trade barriers and increased economic cooperation between nations.

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what is one negative effect of the attention victims receive from business?

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Commercial exploitation is one negative effect of the attention victims receive from business.

A individual who produces items or provides services with the intention of selling them for a profit is engaging in business.  An innovative company or group that engages in professional activities is referred to as a business. They could be professional, corporate, or something else.

The consideration that corporations provide to harmed persons may lead to commercial exploitation. The advancement of police professionalism was aided by the civil liberties movement. All actions taken to profit financially from one's property are referred to as commercial exploitation. Instances include creating, selling, or proposing to sell property as well as granting permission for its acquisition or use.

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FILL IN THE BLANK. marketing was once understood in the sense of making a sale. today, marketing is understood in the new sense of____

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Marketing was once understood in the sense of making a sale. today, marketing is understood in the new sense of creating customer value.

What is Marketing?

Marketing is the process of identifying, anticipating and satisfying customers' needs and wants through the creation, promotion, and distribution of products and services. It involves various activities such as market research, product development, branding, advertising, sales, and customer service.

The goal of marketing is to reach and engage with the target audience and build brand loyalty while achieving the overall objective of the business, which is usually to generate revenue and increase profitability. Marketing is not just about selling a product, but also about understanding the customer, creating a relationship with them, and providing value through a compelling brand experience.

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you are managing new staff members who are performing work to create a particular procurement item. on your personal schedule for the day, you have a meeting set up to meet with the new staff. you arrive in the meeting room to discover that no staff members have arrived. after waiting thirty minutes, you leave to attend another meeting. the next day, you meet with a couple of the staff members and ask why they did not show up to the meeting. they mention that they were not aware that they had to attend any meetings. which document should have outlined the meeting requirement? answers a. resource calendar b. business case c. procurement statement of work d. project charter

Answers

The requirement for the new staff members to attend the meeting should have been outlined in the Project Charter.

What is Project Charter?

The Project Charter is a document that outlines the high-level details of the project, including the project objectives, stakeholders, roles and responsibilities, and communication plan. This document sets the foundation for the project and is usually the first document created for a project. Therefore, it would be the most likely document to outline the requirement for the new staff members to attend the meeting with the project manager.

Hence, the answer is, the requirement for the new staff members to attend the meeting should have been outlined in the Project Charter.

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Place the three steps for analyzing the effect of transactions in the correct order. Do assets equal liabilities plus stockholders' equity?

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Other assets must remain constant in order for shareholders' equity to be declining.

Using the following accounting equation:

Liability + Equity = Asset

The influence on the equation must likewise have a balancing effect in order for the equation to be balanced.

While a loss in assets can lead to a gain in other assets and a fall in equity or liabilities, the obligation in this case remains unchanged. There are only two possible outcomes: a decline in equity and a rise in other assets. There isn't a selection that displays the growth of another asset. Therefore, a loss in equity is the only alternative that can properly balance the accounting equation; all other options will make it unbalanced.

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the city of granby, colorado, recently enacted a 1.5 percent surcharge on vacation cabin rentals that will fund the city's new elementary school. this surcharge is an example of

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Earmarked taxes are dedicated to specific purposes or funds.

A great example is the 1.5% surcharge on vacation cabin rentals in Granby, Colorado, which is used to fund the city's new elementary school. This type of taxation can be beneficial as it helps to ensure that taxes are allocated for their intended purpose.

Additionally, earmarked taxes create a sense of responsibility among citizens and allow them to have a direct say in how their taxes are spent. This type of taxation also helps to ensure that revenue is allocated in a responsible and transparent way.

Ultimately, earmarked taxes provide citizens with an understanding of where their taxes are going, allowing them to make more informed decisions.

Complete Question:

The city of Granby, Colorado, recently enacted a 1.5 percent surcharge on vacation cabin rentals that will fund the city's new elementary school. This surcharge is an example of

A. an earmarked tax

B. a government fine

C. a sin tax to discourage undesirable behavior

D. a sin tax to discourage undesirable behavior and an earmarked tax

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your company created a new labor plan, which will save the company a lot of money. however, you have concerns because some associates’ hours will be reduced.

Answers

1. First one is highly effective because the talking about plan to the leader is best.

2. Second one is Ineffective.

3. Third one is Moderately effective.

4. Moderately effective

Substantial financial support means the amount of support which equals or exceeds the amount necessary to qualify the individual to be listed as a dependent on federal and state income tax returns.

There will be some older people with a substantial amount of resources available to them in the form of home equity. For some people, paid work involves a substantial amount of their physical activity, but this is lost on retirement.

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Correct question;

Scenario: Your company finalized a revised labor plan, which will save the company a substantial amount of money. However, you have concerns because some of your associates' hours will be reduced.

Please rate the effectiveness of each response.

Talk with your leader to make sure your concerns were considered when the plan was developed.

Because the plan is already finalized, do not bring up concerns at this point.

Continually bring up your concerns until your leader undpoint of view and reconsiders the revised labor model.

Wait to see how the implementation of the new labor plan goes. If there is strong push back from your associates, bring up your concerns to your leader.

Ineffective

Slightly Effective

Moderately Effective

Highly Effective

Jackson Co’s end-of-year stockholders’ equity report reads as follows:
Common stock with no par, $2 stated value, 10,000 shares originally issued for $15 per share.
Preferred stock, $20 par, 3,000 shares originally issued for $30 per share.
What should the company report for Common Stock, Preferred Stock, and Additional Paid-in Capital?

Answers

In the case of common stock:  Because 10,000 shares were originally offered at $15 per share, the  total money raised is 10,000 * $15 = $150,000.

The stated value per share is $2, hence there is an additional paid-in capital of $150,000 - 10,000 * $2 = $100,000. In the case of Preferred Stock: Because 3,000 shares were initially offered at $30 per share, the total money raised is 3,000 * $30 = $90,000 The par value of each share is $20, thus the additional paid-in capital is $90,000 - 3,000 * $20 = $30,000. As a result, the firm should report: $2 per share for common stock $20 per share for preferred stock $100,000 in additional paid-in capital for common stock $30,000 in additional paid-in capital for preferred stock.

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the problem confronting the decision maker is typically referred to as the . group of answer choices hypothetical decision problem theoretical decision problem research context problem management decision problem marketing research problem

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The decision-issue maker's is frequently referred to as a marketing research dilemma. The business decision problem inquires as to what data is required and how it might be best acquired.

A decision dilemma is what is it?

decision-making issue the issue that has to be resolved and for which research is being done. decision-making that is discovery-focused. a decision-making issue that often aims to address the "what" or "why" aspects of a challenge or chance. Generally, producing useful information is the main goal.

What are managerial decision-making issues?

In contrast to the marketing research problem, which asks what information is required and how it may be best collected, the business decision point of concern what the decision maker must do. The goal of research is to provide the knowledge required to make an informed decision.

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what is a limitation in calculating ratios in financial statement analysis

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Ratio analysis has some restrictions because it completely disregards the qualitative features and only takes into account the quantitative ones.

What are ratios analysis's drawbacks?

Information from ratio analyses is historical in nature; it is not current. External issues, such as a global recession, are not included in ratio analysis. The human component of a company is not measured by ratio analysis.

What are the financial ratios' severe limitations?

Listed here are a few financial ratio limitations:

Accounting numbers, however, are also susceptible to errors, approximations, variations in practice, and sometimes even some degree of manipulation. Because of this, ratios are not very useful in reaching valid conclusions.

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The study of how to increase resources or create conditions that will make better use of them is?

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The study of how to increase resources or create conditions that will make better use of them is: Resources development.

What is resources development?

Resource development can be defined as the way of  obtaining or acquiring, improving, as well as  utilizing resources so as to  meet the needs and goals of an organization or society.

The major  goal of resource development is to  help support economic growth to  improve the standard of living, and ensure the well-being of communities and individuals.

Therefore the statement that complete the sentences is resources development.

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you are a procurement specialist working for a large corporation. your team is responsible for a new long-term project designed to procure a fleet of forty specialized search and rescue helicopters. your goal is to transfer as much risk as possible to the seller, but you are willing to offer incentives for efficient production. refer to the contract outline for the details. description: value target cost: $2,000,000,000 target profit: $200,000,000 target price: $2,200,000,000 ceiling price: $2,450,000,000 share ratio: 80% buyer, 20% seller which contract type does this best describe, and what is your pta? answers a. fixed-price-plus-incentive-fee, and a pta of 0.90 b. cost-plus-incentive-fee, and a pta of $1,960,000,000 c. fixed-price-plus-incentive-fee, and a pta of $2,312,500,000 d. cost-plus-incentive-fee, and a pta of $2,450,000

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PTA of $2,312,500,000, fixed price plus incentive fee, and The development of the official procurement management strategy is part of the first phase, planning.

Regarding procurement document packages, which of the following statements is accurate?

To request proposals from potential sellers, procurement documents are employed. Examples of procurement documents include requests for proposals and invitations to bid.

One important result of project procurement management is which of the following?

Written procurement management plans, which are a part of your project management plan, are the process' main deliverable. RFP forms could be one of the extra results. criteria for choosing a vendor. In contrast to temporary voltage drops, the reduction lasts for minutes or hours (or dip).

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Which events helped create a situation in which manufacturers produced more than customers could buy? (Select all that apply.)
Great Depression
World War II
World War I
Great Recession

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In WW2 and the Great Depression, manufacturers produced more than what customers could buy.

During the Great Depression, the majority of countries around the world went through an economic shock (1929–1939). Following a dramatic drop in American stock prices, an economic downturn became evident. The economic contagion, which began around September, was what led to the October 24 Wall Street stock market disaster (Black Thursday). The 20th century's slump was the longest, worst, and widest-spread one ever.

The Second World War, also referred to as World War II or just World War II, was a global conflict that raged from 1939 to 1945. All of the world's major countries, including all of the superpowers, took part in the conflict as members of the opposing Allies and Axis armed alliances (lead by Germany, Japan, and Italy). As numerous parties threw their economic, industrial, and scientific might behind this all-out struggle, the distinction between civilian and military resources became increasingly muddled. The only two nuclear weapons ever used in a war, as well as the deliberate bombing of populous areas, both included aircraft.

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Agency rules are similar to statutes because of which one of the following?
a. Congress must vote in favor of them to become effective.
b. They are legal requirements and binding as if Congress has passed them.
c. They are enforced by law enforcement agencies.
d. They are opinions regarding laws passed by Congress.

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Agency rules are similar to statutes because B: "they are legal requirements and binding as if Congress has passed them".

Agency rules are similar to statutes in that they both have the force of law. This means that they are both legal requirements that must be followed and are binding as if they have been passed by Congress. The difference between agency rules and statutes is that statutes are laws passed by Congress, while agency rules are regulations created by administrative agencies to carry out the mandates and policies set forth by Congress.

In fact, just like statutes, agency rules can be challenged in court and must be consistent with the underlying laws and regulations they are meant to enforce.

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farms in the northern u.s. produce 75% of which global crop yield?

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Farms in the northern United States produce 75% of the world’s corn crop yield.

Corn is one of the most vital crops grown in the United States, with the majority of production occurring in the Midwest. Corn is a versatile crop that can be used for a variety of food products, animal feed, and biofuel.

The United States has the highest production of corn in the world due to its unique climate. The combination of warm temperatures, sufficient sunlight, and ample rainfall create the perfect environment for corn to thrive.

The northern United States also has a wide variety of soil types that are ideal for growing corn. The combination of these ideal factors allows farmers in the northern United States to produce a large majority of the global corn crop yield.

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which of the following can be used to finance a small business? question 1 options: borrowing from other individuals borrowing money from financial institutions using cash generated from current sales using one's own savings all of these

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Small businesses can be financed in a variety of ways, including borrowing money from financial institutions, borrowing from other individuals, using one's own savings, and using cash generated from current sales. So, the correct option is: E) All of the above.

Each of these options has its own advantages and disadvantages, and the best choice will depend on the specific circumstances of the business.

A) Borrowing money from financial institutions: This option can provide a small business with a larger amount of funding, and financial institutions often offer flexible repayment terms and lower interest rates compared to other options. However, borrowing from financial institutions typically requires a good credit history and a well-prepared business plan.

B) Borrowing from other individuals: This option can provide a small business with a smaller amount of funding, and the interest rate may be lower than with financial institutions. However, borrowing from individuals can be more challenging to arrange and may require a personal relationship with the lender.

C) Using one's own savings: This option can provide a small business with a relatively quick and flexible source of funding. However, using one's own savings may limit the amount of funding available and could put personal financial stability at risk.

D) Using cash generated from current sales: This option can provide a small business with a relatively quick and flexible source of funding. However, relying solely on sales revenue may limit the amount of funding available and could result in the business not having enough cash on hand to cover unexpected expenses.

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The correct question is given as:

Which of the following can be used to finance a small business?

A) borrowing from other individuals

B) borrowing money from financial institutions

C) using cash generated from current sales

D) using one's own savings

E) all of the above

working papers are usually split into two separate files; list these files and give two types of information in each of the file.

Answers

Working papers are commonly split into two separate files to help keep information organized and easily accessible. These files are known as the "source file" and the "working file".

The source file contains all of the original data and information that is collected and used in the work. This file typically contains raw data, as well as any supporting documents or research materials that have been used in the process.

The working file is where the actual work is done. This file typically contains processed data and intermediate results, as well as any charts, graphs, or tables that are being used to present the data.

By separating the working files into two distinct files, researchers are able to keep their original data and information separate from the results of their analysis. This helps to ensure that the data remains accurate and unaltered, and provides a clear record of the work that has been done.

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Devaluation of a currency is used to achieve which of the following?a. an elimination of a surplus inthe foreign exchange marketb. an elimination of a shortage in the foreign exchange marketc. a reduction in aggregatedemandd. a lower inflation ratee. a floating exchange rate

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Which of the following goals is achieved by devaluing a currency? a. the elimination of a surplus in the foreign exchange market.

A currency is a standardised form of money that is used or in circulation as a means of exchange, such as coins and banknotes. A currency can also be defined more broadly as a system of money that has been used consistently over time in a particular location, generally by residents of a sovereign state.  As fiat currencies, this definition covers the US Dollars (US$), British Pound Sterling (£), Euro (€), and Japanese Yen (). Currency exchange markets, which establish the relative values of the various currencies, allow for international commerce and the use of money as a store of value. In this sense, the value of currencies is determined by users or governments, and each type has a certain range.

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The balance in a company's Cash account on August 31 was $19,800 before the bank reconciliation was prepared. After examining the August bank statement and items included with it, the company's accountant found: Checks outstanding $3.400
NSF check 1000
Note collected by bank for the Colt Company 1,700
Deposits outstanding 2,900
Bank service fees 90
What is the amount of cash that should be reported in the balance sheet as of August 31 ?

Answers

As of August 31, 2018, there should be $18,010 in cash reflected on the balance sheet.

What is the cash book's cash balance?

Consequently, the cash book shows a debit balance. The credit balance will never be shown and will always be 0 when payments exactly match receipts for the firm. Thus, the balance of the Cash book is always negative or zero.

What Purpose Does a Cash Book Fulfill?

A cash book, which is set up as just a subsidiary to the general ledger, is used to record all cash transactions that take place during an accounting period. A cash book's primary goal is to help managers & corporate accountants manage cash effectively by making it straightforward to determine cash balances at any given time and creating a cash budget. Additionally, tracking the cash using a ledger takes far longer than accessing financial data through a cash book.

Items that have already been recorded by the bank must be added to the Cash Balance in the Company's Cash Book.

Cash Account

Debit :

Balance before adjustment                            $19,800

Totals                                                               $19,800

Credit:

Dishonoured Cheque : check 150                  $1,700

Bank Service fees                                            $90

Updated Cash Balance (Balancing figure)   $18,010

Totals                                                              $19,800

The amount of cash that should be reported in the balance sheet as of August 31 is $18,010

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if a firm is operating inside the production possibility curve, then it indicates that

Answers

if a association is running interior the production opportunity curve, then it suggests that the firm is no longer making use of the provided sources and technological know-how efficiently.

What happens when production is inner the production curve?

An financial system that operates at the manufacturing opportunity frontier, or the very part of this curve, has the best possible widespread of dwelling it can achieve, as it is producing as lots as it can using its resources. If the amount produced is interior the curve, then all of the sources are no longer being used.

What does the production possibilities curve indicate?

The manufacturing possibilities curve (PPC) is a format that indicates all of the different mixtures of output that can be produced given modern-day resources and technology. Sometimes known as the manufacturing probabilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.

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