Tariffs and nontariff barriers are the most typical trade restrictions. An import tax known as a tariff raises the cost of a good for the consumer by taxing imports and is levied by the federal government.
Define the term international trade barriers and its types?The term "free trade" refers to the removal of trade restrictions. Tariffs, quotas, and nontariff barriers are the most typical trade restraints.
A tariff is an import tax that is levied by the federal government and increases the cost of the good to the consumer. Tariffs, also referred to as duties or import duties, typically have two goals: first, to restrict imports, and second, to generate revenue.A quota is a restriction on the quantity of a specific kind of good that may be imported into the nation. A quota may be voluntarily adhered to or imposed by law.A quota is a restriction on the quantity of goods that may be imported, whereas a tariff is a tax on imported goods. The price of the goods affected by tariffs and quotas rises, while demand declines. The same effect is also produced indirectly by nontariff barriers, such as laws requiring a certain proportion of locally produced goods in a given product.To know more about the international trade barriers, here
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Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data concerning the three audit jobs conducted during November.
Lynn
Brian
Mike
Direct materials $630 $440 $210
Auditor labor costs $5,700 $7,260 $4,260
Auditor hours 77 89 51
Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $54 per auditor hour. The Lynn job is the only incomplete job at the end of November. Actual overhead for the month was $13,610.
(a) Determine the cost of each job.
Cost
Lynn $Exercise 15-12
Don Lieberman and Associates, a CPA
Brian $Exercise 15-12
Don Lieberman and Associates, a CPA
Mike $Exercise 15-12
Don Lieberman and Associates, a CPA
(a) Lynn Brian Mike CPA firm, Direct materials $ 600 $ 400 $ 200Auditor labor costs 5,400 6,600 3,375Applied overhead 3,600 4,400 2,250 Total cost $9,600 $11,400 $5,825
(b) The Lynn job is the only incomplete job, therefore, $9,600.
Qualified accountants are referred to as Certified Public Accountants in several English-speaking countries (CPAs). It is often equal to the designation of chartered accountant in other English-speaking countries. A CPA license entitles its holder to provide public accounting services in the US. It is authorized for usage in each of the 50 states. With Hawaii as an exception, all states have adopted mobility laws that allow CPAs from other jurisdictions to work there. Although the minimum requirements for state licenses vary, they often include passing the Uniform Certified Public Accountant Examination, having finished 150 semester units of college education, and having one year of accounting experience.
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Gordon Jones is considering purchasing a computer from Best Buy. He has created a scale for rating eight different computers on three different characteristics. He plans to make a short list of only those computers that score at least a 7 on his scale on all three characteristics. Which of the following choice heuristics has he chosen?
The heuristic that Gordon Jones would be said to be using is what is called the conjunctive heuristic.
What is the conjunctive heuristic?This is the type of heuristic that exists where a person would be said to set a minimum acceptable level on the attribute that they want. Then they pick the first alternative as their choice. The one that they choose is that first alternative that is able to meet the minimum standard of all of the attributes.
In simple terms the consumer in this type of heuristic is going to set what is a cut of on minimum attribute then he would go ahead to choose the first option that meets his need.
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In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records.
In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per the company's records.
The statement is true.
In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per the company's records because the excess amount would be reduced from the bank balance in the company's records, So the company books are not correct. To make them correct the excess amount should be added back to the balance as per the company's records.
For example, if the check amount was 500 but the company recorded it as $550. Then means that the company records show $50 less compared to the bank statement. Therefore, that $50 is added back and then it comes equal to the bank statement balance.
When a note is written to settle open account an entry that converts the accounts receivable account to a note receivable account is required. This entry is required because when the note is written to settle accounts the company has to receive notes in the future and the amount of the account.
Your question is incomplete. Please read below to find the missing content.
In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records.
TRUE
FALSE
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Thinking about the communication process, which of the following would be an accurate description of one of the steps?
Multiple Choice
The message is transmitted through a medium.
The sender decodes the message.
The medium is eliminated.
Noise is eliminated from the message.
The receiver selects the medium.
The message is transmitted through a medium will be an accurate description of the communication process.
What is a communication process?The transmission of a message between a sender and receiver via different communication channels is described by the communication process, which is a dynamic framework. Its objective is to guarantee that the message is successfully decoded and that the recipient may quickly and easily provide feedback. The act of successfully communicating involves a number of phases or acts, which are referred to as the communication process. It involves a number of elements, including the communicator, the message being sent, the message's encoding, the receiver, and the message's decoding. Speaking, writing, sending videos or audio, electronic transmission via emails, text messages, and faxes, as well as nonverbal communication like body language, are all examples of channels of communication.
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In the short run, a profit-maximizing monopolistically competitive firm sets it price: A) equal to marginal revenue. B) equal to marginal cost. C) above marginal cost. D) below marginal cost.
In the short run, a profit-maximizing monopolistically competitive firm sets it price: above marginal cost. Option C. This is further explained below.
What is marginal cost?Generally, The marginal cost of production is the incremental cost incurred to produce one more unit of a good or service.
In conclusion, Initially, a monopolistically competitive business sets its price at a level above its marginal cost in order to maximize its profits.
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Where is the company most vulnerable, from a communication stand point?
The company is most vulnerable from a communications standpoint, in public and government relationships.
The company cannot withhold their own business information while giving millions of people access to every other business. Company with strong positive reputations attract better people. They are perceived as providing more value, which often leads them in allowing to charge a premium.
When a company has no real structure it can be vulnerable from a communications stand point because individuals outside that company tend to think that no one within the company is ever on the same page. In return, the company becomes more vulnerable.
Also, a company becomes most vulnerable from a communications standpoint, in public and government relationships. Here the task is to maintain the trust of the public and the government.
Hence, the answer was given and explained above.
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What effect did World War 1 have on unemployment?
Overall, the unemployment rate fell from 7.9% to 1.4% over the period. This was because workers were attracted to new manufacturing jobs and because conscription removed many young people from the civilian job market.
The U.S. economy was in recession when the war began. However, from 1914 to 1918, a 44-month boom lasted as Europeans first began buying American goods for the war, and later the United States itself joined the battle. “The long period of U.S. neutrality has made it easier for the economy to eventually transition to a war base than it would have otherwise,” Lockoff writes. “Real plants and equipment have been added. These were added in response to requests from other countries already at war, so they were added to the very sector that would be needed when the United States entered the war. rice field."
Entry into the war in 1917 triggered massive U.S. federal government spending and shifted the country's production from civilian to war supplies. Between 1914 and 1918, about 3 million people were added to the army and 500,000 to the government. Overall, the unemployment rate fell from 7.9% to 1.4% during this period.
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What were Franklin Roosevelt's New Deal programs?
The New Deal produced a political realignment, making the Democratic Party the majority with its base in progressive ideas, the South, big city machines and the newly empowered labor unions, and various ethnic groups.
What were the goals and programs of Franklin D. Roosevelt's New Deal?Franklin Roosevelt instituted the New Deal from 1933 to 1939. Congress passed dozens of programs to stabilize the U.S. financial system. They provided relief to farmers and jobs to the unemployed.The New Deal policies introduced Keynesian economic theory.Major federal programs agencies included the Civilian Conservation Corps (CCC), the Works Progress Administration (WPA), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA).They provided support for farmers, the unemployed, youth, and the elderly. The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt.To learn more about Franklin Roosevelt's refer to:
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A business that does not need a full-time accountant, would most likely use a ______ accountant in which services are exchanged for a fee. multiple choice question. internal public specialized private
A business that does not need a full-time accountant, would most likely use a public accountant in which services are exchanged for a fee.
Who is an accountant?An accountant is a professional who is responsible for analyzing and interpreting financial records of an organization. He also keeps the financial records of business or firm that employs him.
The role of an accountant include performing accounting functions such as:
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Most operating decisions of management focus on a narrow range of activity called the ______ of production.
a.optimal level
b.relevant range
c.tactical operating level
d.strategic level
Most operating decisions of management focus on a narrow range of activity called the relevant range of production. This is further explained below.
What are operating decisions?Generally, Decisions about daily operations are the kinds of particular business choices that are made by every company on a daily basis. There are millions upon millions of these that have been taken, and thousands upon thousands of distinct varieties. Decisions on how to operate day-to-day activities in a firm are called "operational" and are made by a variety of employees.
In conclusion, The majority of operational choices made by management center on a certain subset of activities, which is referred to as the relevant range of output.
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Jana i making greeting card that are 4 inche long and 3. 5 inche wide to ell at a craft fair
Length of red ribbon needed to decorate each greeting card would be 15 inches [2(4)+2(3.5)]. It is done by finding out perimeter (length around the card) of each card.
Calculation:Measurements given, the shape of the card rectangle.
The formula for perimeter of a rectangle is P = 2L+2W.
given,
L=4 inches, W=3.5 inches
Hence,
P = 2L+2W = 2(4)+2(3.5) = 8 + 7 = 15 inches
So, the length of red ribbon needed to decorate each card is 15 inches.
What do you write on a greeting card?Wishing you a lifetime of happiness.
Best wishes on your wonderful new journey together.
Thank you for letting us share such a special day with you.
Thanks for the free booze! Best wishes on a long and happy marriage.
Congrats and welcome to the family.
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complete question:
Jana is making greeting cards that are 4 inches long and 3.5 inches wide to sell at a craft fair. She decorates each card by putting a strip of red ribbon along the border all the way around the card. how much ribbon is needed to go around the edge of the card?
Each greeting card would require 15 inches [2(4)+2(3.5)] of red ribbon to be decorated. It is done by measuring each card's perimeter (the distance around it).
measurements and the rectangular form of the card:
P = 2L+2W is the equation for calculating a rectangle's perimeter.
as follows: L=4 inches, W=3.5 inches
P is thus equal to 2L + 2W = 2(4) + 2(3.5) = 8 + 7 = 15 inches.
Therefore, 15 inches of red ribbon are required to embellish each card.
How should you phrase a friend's card?
For the remainder of your life, may you be happy.
I'm wishing you well on your exciting new journey as a couple.
We appreciate you giving us the chance to be a part of such an important day.
The drinks are on us, and I appreciate that! Many congratulations on your impending nuptials and long-lasting union.
Thank you for joining the family, and happy new year.
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Some examples of indirect effects that could affect incremental cash flows would be?
Incremental cash flow is the additional operating cash flow that an organization receives from taking on a new project. A positive incremental cash flow means that the company's cash flow will increase with the acceptance of the project. A positive incremental cash flow is a good indication that an organization should invest in a project.
There are various indirect effects that could affect cash flows like:
- releasing of a product that will generate sales of replacement parts and services in future years
- Dismantling of existing product sales by introduction of a new product
- increased sales of an existing product by release of a complementary product
- losing existing store sales by locating a new store too close by
There are various other difficulties that come overboard like sunk cost, opportunity cost, cannibalization and allocated costs. It tries to predict the future cash flow of a business if it takes on a new project. It helps management determine if a project is worth doing or not.
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What are the pros and cons of a mixed market?
A mixed economic system has aspects of both socialism and capitalism. A mixed economy protects private property and allows for some economic freedom in the use of capital, but it also allows governments to participate in economic activity in order to achieve social goals.
The following are the pros of a mixed economy:
It offers better options for the survival of both the public and private sectors.It maintains consumer supremacy to buy goods and products of their own choice.It has incentives for inventions and product methodology. It is controlled by the government to provide the customers with maximum benefits.It reduces economic imbalance.The following are the cons of a mixed economy:
Most of the economy is in favor of the private sector, helping them to gain more profit.It applies the taxes.It reduces competition.It tends toward government control.It introduces a sizable gap between poor and rich people.People pay for their most basic necessities by themselves.It does not guarantee steady employment.You can learn more about mixed economy at
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what makes you uniquely qualified for this position
An example of statement to answer the question "what makes you uniquely qualified for this position? ":
My skills are a perfect fit for the job requirements. In particular, my sales skills and managerial experience make me an ideal candidate for the position. For example, at my last job, I managed a sales team of five employees, and we had a top sales record at our branch of the company. I can bring my success and experience to this job.
Tips doing job interviewGetting a job interview call is one step forward in getting your dream job. In facing a job interview, an applicant must be able to present himself well. In terms of appearance, speech, and attitude.
Applicants will deal directly with company representatives, namely the human resources division, the intended department or place of application, or even the company leadership. Job interviews are usually the final stage in a selection. After the interview, you will wait for confirmation whether you will work at the company or "hunt" another job.
Pay attention to the following job interview tips:
Understand the company and position you are applying forUnderstand what company you are aiming for and the position you are aiming for. The interviewer certainly wants to know how deep the information you have about everything that you will work on later. You can find out the profile and description of the job you are applying for on the company's official website.
Practice speakingPractice in front of a mirror how to speak properly, intonation clearly, expressions that fit, and appropriate body language. Pay attention to voice articulation, word choice, and do a little facial exercise.
Prepare answers to common questionsThere are several questions that are usually asked by the interviewer. For example, "tell me about yourself?", "why are you interested in applying to this company?", "mention your weaknesses?, and so on. So, have your answers ready if the interviewer asks you that.
Setting up the best performanceWear the right clothes, the right makeup, bags, shoes, and everything that supports your appearance. If the company requires certain clothing for interviews, then comply with that provision.
Also pay attention to the little things in appearance. For example nails, clean clothes, no pet hair attached to clothes, loose threads or buttons, and so on.
Be polite and respectfulTreat those around you with courtesy and respect. Starting from parking attendants, security officers, receptionists, to interviewers. If you show arrogance from the start, this can be a minus for you.
Practice calmTry to practice calm before entering the interview room. Take deep breaths, exhale slowly, stand straight with your shoulders back, be confident, focused and let go of worry. That way, you can concentrate on undergoing the interview.
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Why is network business is risky?
Answer:
because small business have compitator
_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.
Business intelligence refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modelling and analysis.
What are the five basic tasks of business intelligence?
Business Intelligence. ...
The five key stages of Business Intelligence:Data sourcing : ...Data analysis: ...Situation awareness : ...Risk assessment : ...Decision support. ...Some Definitions:What are the benefits of business intelligence?
Faster analysis, intuitive dashboards.
Increased organizational efficiency.
Data-driven business decisions.
Improved customer experience.
Improved employee satisfaction.
Trusted and governed data.
Increased competitive advantage.
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Business intelligence is the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.
What is Business intelligence? It helps organizations to make more data-based or data-driven decisions.Many organizations and businesses have certain goals. They work according to these goals and BI helps these organizations achieve these goals by directing and guiding them. BI uses tools of data analyzing, data visualization, and other data tools to construct graphs and charts. Machine learning, statistics and other methods are used for data mining. It is also used for descriptive analysis and statistical analysis. Using BI produces better forms of processed data. It also results in an increased employee satisfaction.
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The fed engages in open market operations and sells government securities. the result is?
Answer:
The reduction in money supply.
Explanation:
When the fed engages in open market operations and sells government securities, they reduce the amount of money in circulation thereby reducing money supply.
Describe the general ledger after adjusting and closing entries have been posted.
After adjusting and closing entries have been posted the ledgers closing balance are transferred to the post closing trial balance.
The post-closing trial balance is that report which lists all the accounts of a company and their balances after making all the adjustments and closing entries into the ledgers.
In the accounting system, there are two other trial balances that are prepared. The first which is simply known as the trial balance. Trial balance lists all the accounts that a company has and their balances are. The other is adjusted trial balance . It is a list of all the company accounts and their balances after any adjustments have been made into them. whereas the post-closing trial balance shows only the final balance in company accounts for the current accounting period, which are generally the exact same balances which the accounts have in the starting of the next accounting period.
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If you were running an advertising campaign for designer men's suits, you should target families with Multiple Choice higher incomes. poor taste in clothing. lower incomes. similar tastes and preferences.
Higher incomes
You should target families with higher incomes.
How do you determine the target market and target audience?Companies segment the market to determine the target audience, then create marketing plans for each group of customers to tailor the offerings to their needs. Based on research into market sectors with the most potential for the business, the target market is selected. A company could concentrate on multiple demands and choose a primary and secondary objective. In this instance, the business concentrates on targeting families with higher incomes and allocates the majority of its resources to them.
Your target market seems to be a very difficult thing to define. But if you divide the procedure into several parts, you may quickly identify the appropriate market niche.
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Sujin must send an email about longer working hours and salary increase to all the employees who work in her organization. Which organizing strategy should she use in conveying this message
Sujin's organizing strategy should be answering all the questions the employees are likely to have in the email, as stated in option A and explained below.
How should Sujin organize her email?Since employees might end up having doubts and questions about the new work schedule and the salary increase, Sujin should try her best to predict, so to speak, those questions and address them in the email.
By using such an organizing strategy, Sujin will be able to convey the necessary information while avoiding being flooded with responses filled with questions.
With the information above in mind, we can choose option A as the correct answer.
The missing answer choices for this question are the following:
She should answer all the questions the employees are likely to have in the email.She should end the email by giving importance to the message and not the employees.She should place the good news at the end of the message and the bad news in the middle of the message.She should not present the bad news in a positive way, as it might confuse the employees.Learn more about writing emails here:
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Total transaction costs, based on the assumptions provided, are expected to be:
a. $19,002
b. $22,002
c. $19,895
d. $18,382
Based on the costs of acquisition of Walmart by Amazon, the total transaction costs would come to B. $22,002.
What are the total transaction costs?Equity financing cost:
= 5.5% x 241,350.75
= $13,274.29
Debt financing cost:
= 1.5% x 241,350.75
= $3,260.26
Other transaction costs:
= $3,000
Target debt redemption premium:
= 70,242 x 3%
= $2,107.26
The total transaction costs are:
= 13,274.29 + 3,260.26 + 3,000 + 2,107.26
= $22,002
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A manufacturer of a product that has
been in business for more than a century suddenly has few
customers. Even lowering prices does not help. What should the
manufacturer do?
Running loyalty or customer reward programs may also be a way to prioritize consumers amid an economic crisis. Make changes to your goods and services to better meet the demands of your target audience. It's important to diversify your company in case you lose a big client. This is further explained below.
What is the manufacturer?Generally, A person or business that produces products for sale.
In conclusion, It may also be possible to prioritize customers during an economic crisis by implementing customer loyalty or incentive programs.
make adjustments to your products and services to better match the needs of your target market.
Having a diverse client base is essential in the event that you lose a major customer.
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A consolidated net income is the total income of the parent entity and its subsidiaries excluding the unrealized income of the organization as a whole.
Consolidated net income is the sum of the parent company's and its subsidiaries income, less the total unrealized income of the business.
The consolidated income statement shows post-acquisition net income. When the subsidiary is not entirely controlled, the consolidated net income is split into two parts: controlling interest and non-controlling interest.
Three key adjustments determine consolidated net income. First is excess amortization due to the difference between the subsidiary's fair value of net assets and their book values upon purchase.
Second, any subsidiary investment income recognized in the parent's financial statements using the cost method (fair value method) or equity method must be removed. The third adjustment excludes inter-company inventory sale unrealized income.
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Anita is developing a website for her photography business. On the home page, she wants to include a link to another webpage in her website. What type of link should she insert?
Relative link can be inserted.
A relative link thinks that the page to which you're connected is the website and folder to which you've posted the web page. This link is under the same website URL and folder (Articles) as this page, thus we only refer to it by this link. There are two advantages of using relative references versus absolute references.
A Relative Reference is a partial http address that is a portion of a whole directory path. Remember that if no server name or path is supplied in html, the file reference will default to the current directory.
Therefore the answer is relative link.
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A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification
Insurance companies prefer to cover the desired risk.These are those who provide a lesser risk to the insurer compared to a regular risk and are compensated with generally lower premium rates.
What is the preferred risk?Insurance companies prefer to cover the desired risk.These are those who provide a lesser risk to the insurer compared to a regular risk and are compensated with generally lower premium rates.High personal qualities like quitting smoking and being in generally good health help to lower the risk rating.A less expensive Standard Flood Insurance Policy (SFIP) created using the Dwelling Form or General Property Form.Building/contents coverage limitations and contents-only coverage are offered in specified combinations.The four main categories of risk are preferred plus, preferred, standard plus, and standard.Age, health, occupation, and lifestyle are some of the variables that affect your risk class.You could have to pay more for life insurance if your risk category is higher.To learn more about preferred risk refer
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Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously written off would include a:_______
The entry to reinstate a specific receivable previously written off would include a: debit to Accounts Receivable.
What is uncollectible receivables?Uncollectible receivables can be defined as the loan or money that a company cannot collect from a debtor while Accounts Receivable can be defined as the money a company is expected to receive from a client or vendor for the service rendered to the vendor.
Hence, the appropriate journal entry to reinstate a specific receivable previously written off would be debit to Accounts Receivable.
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Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, producer surplus will be
Based on the demand and supply curves, the price, and the units bought and sold, the producer surplus would be $18.
How much producer surplus is seen?This can be calculated as:
= Area of producer surplus
= (Length x Width) + 0.5 x (Base x Height)
Solving gives:
= ( 6 x ( 4 - 2)) + (0.5 x ( 6 x 2))
= 12 + 6
= $18
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Firms often use a(n) __________ when working on a major project involving the production of a large item such as an airplane, ship, or bridge.
The answer is the fixed position layout.
A fixed-position layout keeps the project in one location and directs employees and equipment to that location. A ship, a highway, a bridge, a home, and an operating table in a hospital operating room are all examples of this sort of project.
Three variables complicate the strategies for addressing the fixed-position arrangement. For starters, almost all sites have restricted space. Second, various materials are required at different phases of a project; hence, different components become crucial as the project progresses. Third, the volume of materials required is variable.
Therefore, the answer is fixed position layout.
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Ambiguities in contracts are always interpreted in favor of the party who wrote the contract, since he or she is the one who knows what the provision is supposed to mean. Group of answer choices True False
Ambiguities in contracts are not always interpreted in favor of the party who wrote the contract, since he or she is the one who knows what the provision is supposed to mean. So this is False
Typos are almost always detrimental to the validity of a contract because they cause the contract to not reflect the true agreement of the parties.
What is Ambiguities in contracts ?"A contract or a provision in a contract is ambiguous if it is reasonably susceptible to more than one interpretation or construction."
In other words, if both parties' interpretation is reasonable given the written language of the agreement, the contract may be ambiguous.When interpreting a contract, a court looks to plain language of the written agreement, without reference to outside sources.Learn more about Ambiguities in contracts here:
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How much would you pay (today) for a $500,000 growing perpetuity that begins in 1 year. Assume the annual discount rate (I/Y) of 5.5% and a 1.00% annual growth in the perpetuity payment that you will receive. Round your answer to the second decimal place.
We must pay $ 11,111,111.11 for a $500,000 growing perpetuity that begins in 1 year.
A perpetuity is an annuity that has no quit, or a movement of coins payments that continues all the time. There are few real perpetuities in lifestyles. for example, the UK government issued them in the past; these have been known as consols and have been all finally redeemed in 2015.
One example of a perpetuity is the United Kingdom's authorities bond referred to as a Consol. Bondholders will acquire annual constant coupons (interest bills) so long as they keep the amount and the authorities do no longer stop the Consol.
Perpetuity is conventionally mentioned in the commercial enterprise international as protection or bond that will pay for an endless quantity of time inside the destiny. To try and apprehend perpetuity, one is first had to understand annuity because perpetuity is a form of annuity that lasts all the time into perpetuity.
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