According to the revenue recognition principle, Conrad Accounting Services would have to record the accounting income in the year after the cash was received rather than the year it was actually received.
What is the revenue recognition principle?Essentially, the revenue recognition principle means that companies' revenues are recognized when the service or product is considered delivered to the customer — not when the cash is received. Determining what constitutes a transaction can require more time and analysis than one might expect.
The measuring, processing, and sharing of financial and non-financial information regarding economic entities like enterprises and corporations is known as accounting, sometimes known as accountancy. the process of gathering, compiling, and reporting information on business and financial activities.
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a u.s. manufacturing company in ohio purchases a precision laser drilling machine from a company in switzerland. the purchase of this machine can be classified as:
The purchase of this machine can be classified as I and NX. Governmental transfers to people include benefits like Social Security. Since transfers do not represent output, they are not accounted for in GDP.
Personal consumption, business investment (investments made by businesses to produce consumer goods), government spending, and net exports are the four components that make up the U.S. GDP, which is calculated on a quarterly basis (exports minus imports).
If imports keep outpacing exports, the trade gap might get worse and more funds could leave the government. In other GDP words, American customers who buy overseas imports pay for them by converting their dollars into the foreign currency of the foreign supplier.
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nicolette has earned $62 in interest during the first year of her investment and has a 2.8% effective annual yield. how much did nicolette invest as her principal?
0.028 = 62 / I.I. did nicolette invest as her principal. As an illustration, suppose you chose to deposit $10,000 into a bank account with a nominal interest rate of 2.5%. We'll assume that this rate is compounded monthly.
Since a year has twelve months, there are twelve compounding periods (n). The math below demonstrates that the APY would be 2.53%. The amount you should put aside for emergencies depends depend on your lifestyle, monthly spending, invest, and dependents. Consider your emergency money as a safety net for your finances. If you have money saved up in an emergency interest fund, you can access it when you're in need.
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which types of data can be collected for analysis and ultimately create information for decision making?
The several sorts of data, including external, internal, primary, and secondary data, can be gathered for analysis and, ultimately, information for decision-making.
What does a group of data that a computer can access look like?database, often known as an electronic database, refers to any collection of data or information that has been particularly structured for quick computer search and retrieval.
Which two categories of data, both domestic and foreign, can be employed in market research?fundamental data. You can either compile this research on your own or have it done for you.
details that are not primary. These studies have already been gathered and sorted for you.
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the great company offers you a project that will pay you $15,000/year for 5 years. assuming that the opportunity cost of capital is 10%, what should be the maximum amount you will pay for this project?
The great company offers you a project that will pay you $15,000/year for 5 years. assuming that the opportunity cost of capital is 10%, should be the maximum amount you will pay for this project $56,861.80.
What happens if a project's IRR is 15?The project's NPV would be negative at a discount rate of 20% if the IRR was 15%. The project is acceptable if its rate of return exceeds the cost of capital and the NPV of the project drops smoothly with increases in the discount rate.
How may the opportunity cost of capital be used to compute NPV?Profitability of a "similar" security is the opportunity cost of capital for an investment. The investment's net present value (NPV) is calculated by using this r to discount the investment's future cash flows and deducting the initial investment.
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even if late completion were attributable to the contractor, to be awarded damages, what must the owner still have to prove?
To be awarded damages for a late completion of a project, even if the late completion is attributed to the contractor, the owner must still prove that the contractor was in breach of contract.
This typically involves demonstrating that the contractor failed to complete the work within the specified timeframe as outlined in the contract, and that this failure caused the owner to incur additional costs or other damages as a result.
Additionally, the owner must be able to prove that they took reasonable steps to minimize the damages they incurred as a result of the late completion. This might involve demonstrating that they made a good faith effort to find a replacement contractor, or that they took other steps to mitigate the impact of the delay on their business.
Finally, it may also be necessary for the owner to prove that they provided adequate notice to the contractor of their intent to claim damages, and that they gave the contractor a reasonable opportunity to cure the breach before taking legal action.
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a customer buys $100,000 of a new issue 30 year general obligation bond at 80. at maturity, the customer will have: a no capital gain or loss b a $2,000 capital gain c a $20,000 capital gain d a $20,000 capital loss
a customer buys $100,000 of a new issue 30 year general obligation bond at 80. at maturity, the customer will have: a no capital gain or loss
no capital gain or loss. Corporate, governmental, and municipal original issue discount bonds are all required to amass the discount during the period of the bond's lifetime. If the bond is kept to maturity and the whole discount has been accreted, the adjusted cost basis is par. Because the bonds are repaid at par, there is no capital gain or loss at maturity. Capital goods, often known as capital, are defined in economics as "those durable manufactured items that are in turn employed as productive inputs for future production of goods and services." In terms of macroeconomics, "the nation's capital stock comprises buildings, machinery, software, and inventories throughout a certain year.
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services customer requirements while focusing on customer delight, to collaborate with existing customers to add value to business relationship and sense new business opportunity by exploring and satisfying market demands is called ?
By providing great customer service, the brand's existing reputation with both current and potential customers may be readily improved and elevated to new heights.
What does customer satisfaction mean? How can a young company reach the level of client happiness necessary to ensure CRM?The customer is thrilled when their expectations are met or surpassed. When a customer is happy, their expectations are surpassed, and the positive experience could make them more loyal to the brand. Just so you know: Free surprise gifts with any purchase and birthday coupons are two examples of ways a firm may reward clients.
You must foster customer satisfaction if you want to keep clients and keep them coming back. Along with customer contentment, there is also customer joy.Your consumers will be impressed and know you care by these small gestures.You must assess clients' normal experiences, comprehend their current expectations, and generate creative solutions if you want to make them happy.Beyond just replying to support inquiries and offering the bare minimum of services to convince clients to buy your products, customer happiness goes much farther. You'll have to exert yourself greatly.The good news is that this leads to higher client retention, more recommendations from other customers, and decreased customer turnover. A great customer experience must be intentionally created.Learn more about customer satisfaction: https://brainly.com/question/28249981
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opal earned 6 percent in her savings account. if she is in the 25 percent tax bracket, what is her after-tax savings rate of return?
To find Opal's after-tax savings rate of return, you need to subtract the tax she paid on her savings interest from the savings interest she earned.
Opal earned 6 percent on her savings account, but she had to pay 25 percent in taxes on that interest. So, her actual, after-tax return was lower. To find out what her after-tax return was, you first need to calculate how much interest she earned (by multiplying her savings account balance by 6 percent), and then calculate how much tax she had to pay on that interest (by multiplying the interest earned by 25 percent). Finally, you subtract the tax from the interest earned to find out how much money she ended up with, which represents her after-tax return.
The formula for calculating after-tax savings rate of return is:
After-tax savings rate of return = (Interest earned - Tax paid on interest) / savings account balance
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in autarky, the opportunity cost of wine in the u.s. is 4 beers and in mexico is 8 beers. if there are increasing opportunity costs (as in the specific factors model), then after opening to trade the u.s. will export and the mobile factor in the u.s. will be .
Export and carry factor to the US after the start of trade in the US if the opportunity cost is increasing (as in the specific factor model). We produce goods and export wine.
Opportunity costs are by definition invisible and are often overlooked. Understanding the opportunities that may be missed if a company or individual chooses one investment over another enables better decision making.
To properly assess opportunity cost, the costs and benefits of each available option must be considered and weighed against other options. Opportunity costs are purely internal costs used for strategic considerations.
Examples of opportunity costs include investing in a new manufacturing facility in Los Angeles instead of Mexico City, choosing not to upgrade company equipment, and choosing the most expensive product packaging option over the cheaper option.
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The Industrial Revolution created a demand for raw materials. This demand led to the —answer choicessocial revolutions of Europe and Americaagricultural revolution in England and Scotlandfamines in India and Irelandcolonization of Africa and Asia
The Industrial Revolution created a demand for raw materials. This demand led to the agricultural revolution in England and Scotland. Thus, option (b) is correct.
What is Industrial Revolution?During the ancient period of time 18th century, the industrial revolution was started on 1760 and end on 1840. The industrial revolution is established new technologies. The benefit of the industrial revolution to the society as well as economy.
According to the period of the Industrial Revolution was the large level of the production. The demand of the raw material is the grew. It was including as agricultural revolution in England and Scotland, efforts to mine coal, emergence of capitalism, and the other things.
As a result, the significance of the Industrial Revolution are the aforementioned.
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select the external factor that should be considered when forecasting to determine the number of people to be recruited.
The external factor that should be considered when forecasting the number of people to be recruited is the current labour market conditions.
Here, correct answer will be
This includes factors like the current rate of unemployment, the availability of skilled workers, and the wages offered by competitors. It is important to understand these external factors to determine the number of people to be recruited, as they will affect the overall labour supply and demand.
For example, if the unemployment rate is high, then more people may be available for recruitment, but if the wages offered by competitors are higher, then the number of people willing to take the job may be lower. Likewise, if there is a shortage of skilled labour, then fewer people may be available to recruit.
Understanding the current labour market conditions can help to determine the number of people to be recruited and ensure that the organization can adequately meet their staffing needs.
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which member of the nike founding team regularly attended track meets on the west coast in order to sell tiger shoes?
The member of the nike founding team regularly attended track meets on the west coast in order to sell tiger shoes is Phil Knight.
Phil Knight, one of the co-founders of Nike, Inc., used to attend track meets on the West Coast to sell shoes made by the Japanese company Onitsuka Tiger, which later became ASICS. This was before he co-founded Blue Ribbon Sports, which eventually became Nike, Inc. Knight's early sales efforts helped establish the company and lay the foundation for its later success.
Hence the right answer is Phil Knight.
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gthe great company offers you a project that will pay you $15,000/year for 5 years. assuming that the opportunity cost of capital is 10%, what should be the maximum amount you will pay for this project?
The project can be completed for a maximum cost of $71,428.57.Than the Opportunity cost of capital is 10%.
The formula below can be used to compute this:
Future cash flows / (Opportunity cost of capital plus 1)n
Future cash flows are the total anticipated cash flows over the next n years, which come to $75,000 ($15,000 * n).
So, $75,000 / (1 + 0.10)^5 = $71,428.57
The anticipated payments or income you will get over a specific time period makes up the project's future cash flows. The project's total future cash flows in this instance are $75,000 ($15,000 * 5) since the project's future cash flows will be $15,000 per year for 5 years.
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in value-chain analysis, value is measured by total revenue.True/False
Business owners can deconstruct every process their company employs by using value chain analysis as a tool. By the use of this information.
the company can increase the efficiency of each of its particular processes, gain a competitive edge, and operate more effectively. From small sole proprietorships to large corporations, value chain analysis is employed by enterprises of all kinds. Every organisation has different procedures in place to carry out its operations, and each one of them can benefit from value chain analysis in order to examine and enhance these processes. The entire set of commercial actions that are carried out to bring a good or service from inception to delivery is referred to as a value chain and includes design, production, marketing, and distribution. For businesses that manufacture products, the value chain begins with the raw materials used to create the products and consists of
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in which 2 ways can you create a customized template for a project in the work menu in quickbooks online accountant?
Make a unique template: Choose Work from the Your Practice section of the left menu. The Manage templates option. Choose Create template, then give the template a name. Use the options that appear to define the gap between due dates after selecting Continue to set up recurring due dates.
the best way to modify form templates. Choose the form type you want to modify. Choose the Formatting tab from the form, then click Manage Templates. Choose a template to view, choose Copy to make a new template, or choose OK to make changes. office document template Office document templates include, for instance, those for slide decks, stationery, agreements, and policies. The electronic model. Online adverts, emails with banners, social media banners, and social postings are some examples of digital templates. The printing model. Download the link, make the desired changes, and save the template to update it. Open by selecting File. Click this computer twice. Look under My Documents for the Custom Word Templates folder. Click Open after selecting your template.
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Make a unique template: Choose Work from the Your Practice section of the left menu. The Manage templates option. Choose Create template, then give the template a name. Use the options that appear to define the gap between due dates after selecting Continue to set up recurring due dates.
The best way to modify form templates. Choose the form type you want to modify. Choose the Formatting tab from the form, then click Manage Templates. Choose a template to view, choose Copy to make a new template, or choose OK to make changes. office document template Office document templates include, for instance, those for slide decks, stationery, agreements, and policies. The electronic model. Online adverts, emails with banners, social media banners, and social postings are some examples of digital templates. The printing model. Download the link, make the desired changes, and save the template to update it. Open by selecting File. Click this computer twice. Look under My Documents for the Custom Word Templates folder. Click Open after selecting your template.
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which of the following is not an advantage of the corporate form of business organization? question 3 options: no personal liability easy to transfer ownership favorable tax treatment easy to raise funds
The favorable tax treatment is not an advantage of the corporate form of business organization.
What is tax?A tax is a compulsory commercial enterprise charge or some other type of levy inflicted on a taxpayer (an individual or legal entity) by an organization in order to fund government spending and various public expenditures.
The corporation is not given a favorable tax treatment by the tax authorities because the tax is assessed using a progressive system, meaning that the more money earned, the more taxes must be paid.
Therefore, The right option (C) is correct.
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sam, a sales clerk in a local store, falsified return receipts and pocketed the cash. because he was acting in a fiduciary capacity (that is, acting for another in a position of trust and confidence) he committed the crime of .
Sam, as a sales clerk, was in a position of trust and confidence in regards to the store and its customers. By falsifying return receipts and pocketing the cash, he abused that trust and committed a crime.
This type of fraud is considered embezzlement and is a breach of fiduciary duty. As a sales clerk, Sam had a responsibility to manage the store's resources and handle transactions honestly and transparently. By committing fraud, Sam betrayed that responsibility and committed a criminal act. The consequences for this type of crime can include fines and imprisonment, as well as damage to one's reputation and future employment opportunities.
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why has information technology changed from a minor corporate support function to a primary driver of corporate profitability?
Because technology is fundamentally changing business Business requires technology.Technology has transformed many traditional business models and concepts and became primary driver of corporate .
Over the years, technology has exploded in trade and commerce. Technology has transformed many traditional business models and concepts. Technology has given us the opportunity to see things from new perspectives and approach things we already do from new perspectives. Technology has also made us more efficient in doing business. Technology can automate many processes, increasing productivity. We are able to do this because we can use fewer resources, which means we can improve quality at a lower cost and increase the speed at which we can serve our customers. This allows us to reach more customers.
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when a manager notices that increases in cal... when a manager notices that increases in call wait times are causing customer dissatisfaction, the manager is looking at an external source of data. group startstrue or falsetrue, unselectedfalse, unselected
False, When a manager notices that increases in call wait times are causing customer dissatisfaction, the manager is looking at an external source of data.
Long hold times are a sign of two issues. First, it can imply that the level of consumer demand is above what your customer service staff can handle. To satisfy the demands of your call centre in this situation, you might think about recruiting more representatives. Your staff should offer their apologies for the lengthy wait periods while putting in effort to guarantee first call response.
The absence of automation in your call centre can be the other problem. Your support staff can benefit from capabilities in call centre software that automate jobs and streamline operations. By implementing this technology, you can increase the output of your staff by removing tedious chores from their regular workload. This should lower hold time complaints and improve customer satisfaction.
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the collection of work and nonwork forces that influences employee retention, such as links to the community or organization, what they would have to give up if they changed jobs, and their perceived fit with the organization and the community, is known as
The collection of work and nonwork forces that influences employee retention, such as links to the community or organization, what they would have to give up if they changed jobs, and their perceived fit with the organization and the community, is known as Job Embeddedness
Embeddedness, in sociology, the reliance of a peculiarity — be it a circle of movement like the economy or the market, a bunch of connections, an association, or an individual — on its current circumstance, which might be characterized on the other hand in institutional, social, mental, or social terms. To put it plainly, investigations utilizing the idea of embeddedness center around the various circumstances inside which different methods of social activity occur and whereupon they depend. All the more for the most part, the idea of embeddedness portrays and make sense of how, in spite of the fact that they each apparently understand their own unmistakable rationales and rules, different encompassing foundations and settings communicate and may supplement or struggle with one another.
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who originally described the three basic corporate strategies to creating value and achieving market stature? a. tisdale and winters b. treacy and wiersema c. thompson and walters d. tracy and wiseman
The correct option is B, Treacy and Wiersema is originally described the three basic corporate strategies to creating value and achieving market stature.
Corporate strategy refers to the long-term plan of an organization aimed at achieving its goals and objectives. It involves analyzing the company's strengths, weaknesses, opportunities, and threats (SWOT analysis) and using this information to determine the best course of action. Corporate strategies can range from expanding into new markets, diversifying into new products or services, acquiring or merging with other companies, or focusing on cost-cutting measures.
Some companies may focus on growth through acquisition while others focus on organic growth through investment in research and development. Effective corporate strategies align with the company's vision, mission, and values, and are implemented through a well-defined plan with clear goals and performance metrics. Effective corporate strategies are essential for organizations to remain competitive and achieve success in the long run.
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Technoid Inc. Sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the computers was $18 million. This noncancelable lease had the following terms:
Lease payments: $2,819,901 semiannually; first payment at January 1, 2018; remaining payments at June 30 and December 31 each year through June 30, 2022.
Lease term: 5 years (10 semi-annual payments).
No residual value; no purchase option.
Economic life of equipment: 5 years.
Implicit interest rate and lessee's incremental borrowing rate: 6% semiannually.
Fair value of the computers at January 1, 2018: $22 million.
What is the interest revenue that Technoid would report for this lease in its 2018 income statement?
The correct option is A. the interest revenue that Technoid would report for this lease in its 2018 income statement loan star is also a finance lease.
1. For Technoid it is a finance lease it is for the full economic life of the asset and has no residual value and the lessor retains the ownership of the asset.
2. loan star is also a finance lease.
3. The outstanding lease liability for loan star on 30th June 2018 is 20,00,000 dollars- lease payment of 1st January 2018i,e 2466754=17533246 dollars.
Production cost is the sum of costs of all resources fed on inside the system of creating a product. the production fee is classified into 3 classes: direct substances fee, direct hard work cost and manufacturing overhead. it's miles a thing in the total shipping price.
The price of production or cost rate or manufacturing expenses can be calculated by means of including all direct and indirect costs of a manufacturing unit. right here is the system for calculating the value of production. the total fee of production= price of the labor cost of uncooked substances ie Overhead charges on manufacturing. production costs confer with the expenses a corporation incurs from manufacturing a product or presenting a service that generates sales for the organization. manufacturing expenses can consist of a variety of prices, along with exertions, uncooked substances, consumable manufacturing components, and standard overhead.
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Complete Question:
Technoid Inc. Sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the computers was $12 million. This noncancelable lease had the following terms:
Lease payments: $2466754 semiannually; first payment on January 1, 2018; remaining payments on June 30 and December 31 each year through June 30, 2022.
Lease term: 5 years (10 semi-annual payments).
No residual value; no purchase option.
The economic life of the equipment: 5 years.
Implicit interest rate and lessee's incremental borrowing rate: 5% semiannually.
The fair value of the computers on January 1, 2018: $20 million.
What is the interest revenue that Technoid would report for this lease in its 2018 income statement?
A). A finance lease
B). A sales-type lease without selling profit
C). A sales-type lease with a selling profit
D). An operating lease.
the government does not consider full employment to mean 100 percent of its citizens are employed because:
The government does not consider the full employment to mean 100 percent of its citizens are employed because all of the conditions can and do exist.
What is employment?A contract governing the provision of labor services for compensation is known as an employment. In exchange for the employee performing the responsibilities assigned to the former under the terms of a contract, the employer, which may be a business, a non-profit organization, a cooperative, or any other body, pays the employee in line with the terms of the contract. Wages are paid to employees in exchange for their labor, and the amount paid depends on the type of job performed, the industry conditions in force, and the parties' ability to negotiate. Wages may be paid hourly, piecemeal, or annually. A few examples of benefits are housing, health insurance, and disability coverage. Normally, organizations, written agreements, and employment regulations govern employment.
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what is the total amount of long-term assets to be reported on xyz company's 12/31/x1 classified balance sheet?
The company had equipment with a net value of A. 11,300.
The Statement of Stockholders' Equity shows the changes in the ownership structure of XYZ Company during the year ended December 31, 20X1.
It shows the beginning balance of the common stock of the company was 32,000. During the year, 14,000 additional shares were issued, and the company had a net income of 4,900. However, dividends of an undisclosed amount were paid during the year, which reduced the ending balance of common stock to 40,900.
The General Ledger, on the other hand, shows the assets and liabilities of XYZ Company as of December 31, 20X1. The company had cash of 53,000, accounts receivable of 15,000, supplies of 8,800, and prepaid rent of 36,000, totaling 115,600 in assets.
The company had accounts payable of 2,500, salaries payable of 1,900, interest payable of 6,900, and utilities payable of an undisclosed amount, which totals liabilities for the company. The company also had equipment with a net value of 11,300.
The proper question is "XYZ Company Statement of Stockholders' Equity (partial) For the year ended December 31, 20X1 etaine Earnings mmon Stock Balance at January 1, 20X1 Issuance of common stock + Net income for the vear ended 12131/X1 - Dividends paid Balance at December 31, 20X1 32,000 14,000 4,900 XYZ Company General Ledger (partial) As of December 31, 20X1 Cash Accounts receivable Supplies Prepaid rent $ 53,000 15,000 8,800 36,000 115.600 Equipment (net) Accounts pavable Salaries pavable Interest pavable Utilities pavable 11,300 2.500 1.900 6.900"
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in the us balance of payments accounts, a $850 million purchase of crude oil from saudi arabian by exxon (a us company), should be treated as:
In the US Balance of Payments accounts, a $850 million purchase of crude oil from Saudi Arabian by Exxon (a US company), should be treated as a debit to current account.
The balance of payments (BOP), sometimes known as the balance of international payments, is a statement of all transactions that occurred between entities in one country and the rest of the world over a certain time period, such as a quarter or a year.
It outlines all interactions between individuals, businesses, and governments within a country and individuals, businesses, and governments outside the country.
BOP transactions include imports and exports of goods, services, and capital, as well as transfer payments such as foreign aid and remittances.
The international accounts of a country are comprised of its balance of payments and net international investment position. The balance of payments classifies transactions into two accounts: current and capital.
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The ratio of good output to quantity of raw material input is called ?Multiple Choicea. quantity/quality ratio.b. worker quality measurement.c. total quality productivity.d. nondefective productivity
The ratio of good output to quantity of raw material input is called total factor productivity (TFP).
Total factor productivity(TFP) is calculated by dividing the quantity of output produced by the quantity of inputs used. The ratio is a useful indicator of how well a company is using its resources and can be used to compare the efficiency of different firms or industries. A high TFP indicates that a company is producing a lot of market output relative to the amount of inputs used, and this is often a sign of strong management, good technology, and efficient use of resources. A low TFP, on the other hand, may indicate the opposite. TFP is an important concept for policymakers, as it helps to identify areas for improvement and can inform decisions about resource allocation, technological innovation, and productivity growth.
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a brazilian company exports 5 million reais (brazilian currency) worth of granite to the arizona tile company in the united states. the brazilian company is paid in u.s. dollars, with which brazil purchases u.s. treasury bonds. as a result:
When the Brazilian company exports granite to the Arizona Tile Company in the United States, it is paid in U.S. dollars. This has several implications for the Brazilian economy.
First, the inflow of U.S. dollars into the Brazilian economy can lead to an increase in the demand for U.S. dollars and a corresponding increase in the value of the U.S. dollar relative to the Brazilian real. This can make Brazilian exports more expensive in foreign markets, potentially reducing the competitiveness of Brazilian firms and making it more difficult for them to sell their products abroad. Second, the Brazilian company may choose to use the U.S. dollars it receives from the export to purchase U.S. Treasury bonds. This can be seen as a way for the company to invest its funds in a stable and secure asset, as U.S. Treasury bonds are considered to be among the safest investments in the world. By investing in U.S. Treasury bonds, the Brazilian company is essentially lending money to the U.S. government, which can use the funds to finance various government programs and initiatives. The purchase of U.S. Treasury bonds by the Brazilian company can also have broader implications for the Brazilian economy. For example, it can lead to a reduction in the supply of U.S. dollars in the Brazilian economy, which can make U.S. dollars more expensive and reduce the demand for U.S. dollars. This can make it more expensive for Brazilian firms to purchase imports, and can make it more difficult for Brazilian citizens to travel or study abroad.
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in the early 1980s, movie rentals averaged $5 a night; by the early 1990s, that average was $1 per night. this is an example of a supply curve shifter based on:
This is because the average rental cost of movies decreased from $5 to $1 during the 1980s to 1990s due to the entry of new suppliers into the market.
These new suppliers increased the competition for the existing suppliers, leading to a decrease in the average rental cost.
This is a typical example of a shift in the supply curve, as the increase in the number of suppliers increases the supply of goods, and thus decreases the average price.
The decrease in the average rental cost can also be attributed to changes in technology and consumer preferences, as home video rentals became more popular and accessible.
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how did technological innovations in the workplace, such as the assembly line and mass production, affect american workers and american businesses?
An assembly line is a manufacturing process in which a product is broken down into multiple components and each component is assembled in a sequential manner to produce the final product.
The process is designed to be efficient, with each worker performing a specific task and passing the partially assembled product down the line to the next worker. This type of production is known as mass production.
Mass production is a manufacturing process that involves the use of assembly lines to produce large quantities of a standardized product.
One of the key benefits of assembly line and mass production is that it allows for economies of scale, meaning that the cost per unit decreases as the volume of production increases.
This is because the fixed costs of setting up the production process can be spread out over a larger number of units.
Assembly line and mass production have also had a significant impact on society, as they have made it possible to produce goods in large quantities at low costs, making them affordable for a wider range of consumers.
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if a country refuses to sell some products to another country, it is utilizing which barrier to trade?
The usage of embargoes as a trade barrier occurs when one nation refuses to sell certain goods to another.
what is an an embargo?As a kind of economic punishment, governments, groups of nations, and international organisations frequently impose trade restrictions known as embargoes. Embargoes can prevent entire trade or just some of it, such as importation of weapons.
Embargo is used when?The Embargo Act, a piece of legislation passed by the US Congress in December 1807, barred imports from Britain and shut down all port activity in the US. President Thomas Jefferson carried out the deed in retaliation for involvement by the British and French with neutral American trade ships during the Napoleonic Wars.
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