When both an engagements to assemble and an engagement to examine a nonissuer's financial statements, the correct option is a) The accounting expresses no assurance here on financial statements.
What exactly does a CPA do?An accountant is a specialist who manages bookkeeping and organizes the financial records you use to run your company, including balance sheets, profits and loss statements, and more. They clarify all the financial jargon associated with running a business, audit your books, create reports voor tax purposes, and more.
What four sorts of accountants are there?These four fields of accounting include corporate, social, governmental, and forensic accounting. For most accounting careers, the undergraduate degree is necessary, though prior master's work—particularly in the accounting field—is preferred.
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Assume that the government increases the unit excise tax on gasoline suppliers and also that people commute longer distances to work as more houses are built in city suburbs. As a result, the equilibrium price and quantity of gasoline will most likely change in which of the following ways? Quantity Decrease Price (A) Decrease (B) Increase (C) Increase (D) Increase (E) Indeterminate Decrease Increase Indeterminate Increase
Assume that the government increases the unit excise tax on gasoline suppliers and also that people commute longer distances to work as more houses are built in city suburbs. As a result, the equilibrium price and quantity of gasoline will most likely change in Increase Indeterminate of the following ways.
What is the pricing equilibrium?
The balance between supply and demand determines an equilibrium price. Unless certain aspects of supply or demand alter, prices have a tendency to return to this equilibrium.
When either supply or demand shifts or moves, or when both do so, the equilibrium price changes.
What is the impact of the gas tax on the economy?
Because gasoline sales grow during times of strong state economies and high income and sales taxes, the existing gas tax provides revenues that are positively correlated with other tax receipts.
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Suppose Germany produces only cars and trucks. The resources that are used in the production of these two goods are not specialized—that is, the same set of resources is equally useful in producing both trucks and cars.
The shape of Germany's production possibilities frontier (PPF) should reflect the fact that as Germany produces more trucks and fewer cars, the opportunity cost of producing each additional truck ________ .
How would the graph look?
Based on the provided information, the shape of Germany's production possibilities frontier (PPF) should reflect the fact that as Germany produces more trucks and fewer cars, the opportunity cost of producing each additional truck remains constant. The graph will be a straight line.
The production possibility frontier (PPF) is a graph which demonstrates the possible quantities of two products that can be produced if both products depend upon the same resource for their manufacture. In the production of goods, opportunity cost refers to what is given up when resources are taken from one product to produce another.
In the given case, the same resources are used to produce trucks and cars. As Germany decides to produce more trucks and fewer cars, the resources that is being used in producing the additional truck is well suited to the production of trucks as resource is already in use in truck production. Hence, the opportunity cost of producing each additional truck remains constant.
As the opportunity cost of producing truck is constant, the curve would be a straight line as producing additional truck would required giving up fewer cars.
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As of 2019, the money market securities with the smallest dollar value outstanding (excluding Banker's acceptances) were
As of 2019, the money market securities with the smallest dollar value outstanding (excluding Banker's acceptances were a) commercial paper.
Unsecured, short-term debt issued by corporations is known as commercial paper. Short-term liabilities like payroll, accounts payable, and inventories are frequently financed in this way. The face value of commercial paper is typically discounted when it is issued. It displays current market interest rates.
A certain sum of money is involved with commercial paper, and it must be paid back by a specific deadline. The minimum amount is $100,000. Terms range from one to 270 days until maturity. 30 days is about average.
When New York merchants started to sell their short-term commitments to dealers in order to get funds needed to meet near-term obligations, commercial paper was first introduced more than 150 years ago.
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Correct question:
As of 2019, the money market securities with the largest dollar value outstanding were
a) commercial paper.
b) federal funds and repurchase agreements.
c) Treasury bills.
d) negotiable certificates of deposit.
Alternative price indexes Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator. The GDP deflator for this year is calculated by dividing the using using by the and multiplying by 100. However, the CPI reflects only the prices of all goods and services the base year's prices this year's prices Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Chi The GDP deflator for this year is calculated by dividing the b using using However, the CPI reflects only the prices of all goods and services bought by consumers Indicate whether each scenario will affect the GDP deflator or the Check all that apply. produced domestically
The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this year prices.
The GDP deflator for this year is derived by dividing the total value of goods and services produced in the economy this year using current prices by the total value of foods and services produced in the economy this year using base year prices and multiplying by 100.
The CPI, on the other hand, solely reflects the prices of all goods and services purchased by customers. A consumer price index (CPI) tracks changes in the general level of prices for goods and services purchased by households for consumption.
However, because CPI is based exclusively on a basket of specific items and is calculated on prices included in it, it does not capture overall inflation.
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Correct question:
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP deflator for this year is calculated by dividing the _____ using _____ by the ____ using ____ and multiplying by 100. However, the CPI reflects only the prices of all goods and services ______.
The discount yield for a treasury bill based on the current purchase price quoted by dealers is called the____
The discount yield for a treasury bill based on the current purchase price quoted by dealers is called the discount yield.
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The difference between a Long Care Partnership Plan and a Non-Partnership Plan is which of the following?- Pre-existing conditions- Level of benefits- Assets protection- Elimination period
The difference between a Long Care Partnership Plan and a Non-Partnership Plan is - Assets protection.
What exactly does asset protection entail?Financial planning often includes an asset protection strategy to shield one's assets from creditors' claims. In compliance with debtor-creditor legislation, both private individuals and corporate entities use asset protection strategies to restrict creditors' access to certain valued assets.
Asset protection is a corpus of statutory and common law that deals with defending the assets of people and corporate entities against civil money judgments. It consists of a number of legal strategies. Asset protection planning's objective is to shield assets from claims made by creditors without lying or evading taxes.
What kinds of things are protected assets?Among the most widely used asset protection techniques are limited liability companies, limited family partnerships, asset protection trusts, offshore trusts, tenancy by the entirety, and the transfer of property ownership.
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Suppose that Great Britain is a major export market for your firm, a U.S. based MNC. If the British pound depreciates against the U.S. dollar, a. Your firm will be able to charge more in dollar terms while keeping pound prices stable b. Your firm may be priced out of the U.K. market, to the extent that your dollar costs stay constant and your pound prices will rise. c. To protect U.K. market share, your firm may have to cut the dollar price of your goods to keep the pound price the same. d. b and c) are both correct.
If the British pound depreciates against the U.S. dollar, it means that the pound is weaker relative to the dollar. This can have several implications for a U.S. based MNC that exports to Great Britain:
d. b and c) are both correct.What happens to the MNC when British pound depreciates against the U.S. dollarb. Your firm may be priced out of the U.K. market, to the extent that your dollar costs stay constant and your pound prices will rise. If the pound depreciates, it means that it will take more pounds to buy the same amount of dollars. This can make U.S. goods more expensive in the U.K. market, which can reduce demand and market share.
c. To protect U.K. market share, your firm may have to cut the dollar price of your goods to keep the pound price the same. If your firm wants to maintain its market share in Great Britain, it may have to lower its dollar prices to keep its pound prices stable. This can reduce profit margins, but it can help maintain sales volume.
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people listening to a message on a topic that they consider a very little importance to them will pay more attention to things like the speakers appearance and reputation
People listening to a message on a topic that they consider is very important will probably follow the central route to persuasion.
Yes, people listening to a message on a topic that they consider to be very important are more likely to follow the central route to persuasion. The central route to persuasion is a type of cognitive processing that involves a careful evaluation of the message and its arguments, as well as the evidence presented to support those arguments. When individuals are highly motivated to process a message, they are more likely to engage in central processing, as they are more invested in forming a well-reasoned opinion or making a well-informed decision. Thus, the importance of the topic can influence the route of persuasion that individuals follow.
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People listening to a message on a topic that they consider is very important will probably follow the ________________ route to persuasion
If a company which is included in the OEX pays a stock dividend, which of the following is true regarding the index option contract?I There is a reduction in the index valueII The index value remains the sameIII There is an increase in the number of shares covered by the contractIV The contract multiplier remains the sameAI and IIIBI and IVCII and IIIDII and IV
The Best answer is D. Stock indexes are not reduced for stock splits, stock dividends, or cash dividends. Since the aggregate value of all of that company's shares is included in the index, a stock split or dividend has no effect.
In economics, stock refers to a type of financial asset that represents a claim on a portion of a company's ownership. A stock, also known as a share, represents fractional ownership in a corporation, and the holder of the stock is entitled to a portion of the company's profits and assets.
Stocks are traded on stock exchanges and the price of the stock fluctuates based on the demand and supply in the market. Investors purchase stocks with the expectation of earning a return on their investment through an increase in the stock price or through dividends paid by the company. The issuance and trading of stocks are an important part of a country's economy as it provides companies with the opportunity to raise capital and expand their operations.
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In the strategic groups discussed in the preceding pharmaceutical case, each of the following is a differential relevant to the proprietary group of firms except which one?
Multiple Choice
very low percentage of "winning" drug discoveries
focus on the discovery and development of new drugs
patent protection for drugs making it to the marketplace
large R&D expenditures
large-scale manufacturing
In the strategic groups discussed in the preceding pharmaceutical case, the differential that is not relevant to the proprietary group of firms is "large-scale manufacturing." Therefore the correct option is D.
The proprietary group of firms is characterized by a focus on the discovery and development of new drugs, patent protection for drugs making it to the marketplace, large R&D expenditures, and a very low percentage of "winning" drug discoveries. These firms are not typically involved in large-scale manufacturing, as their focus is on the research and development of new drugs. Therefore, "large-scale manufacturing" is not a relevant differential for the proprietary group of firms.
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the department of public works (dpw) is
A. an enterprise fund providing solid waste management services and education programs to kent and surrounding counties. B. established by the board of commissioners and overseen by the board of public works, the department has two divisions: administration and solid waste operations.
C. the solid waste division has four primary functions: recycling and resource recovery, waste to energy, landfill and transfer station, and closed landfill remediation and environmental compliance. D. dpw administration provides support to the solid waste division through accounting, communications, and reporting.
A. Kent and the surrounding counties receive solid waste management services and activities from the department of public works (dpw), an enterprise fund.
What function does the Department of Public Works perform?The national Department of Public Works (DPW) creates and upholds laws and ordinances governing the built environment and the usage of fixed assets in the public sector.
What does a public works director do?A comprehensive public works program should be managed and directed. Organize, implement, and maintain departmental objectives, goals, and policies. Make necessary revisions based on an analysis and assessment of programs, policies, and operational requirements. Identify delicate issues, concerns, and needs that exist in the community and inside organizations.
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If you hire a real estate company to sell your home, what are you likely to face?
If you hire a real estate company to sell your home, you are likely to face the Commission fees, Home valuation, Marketing and advertising, Negotiation, and Closing.
Commission fees: Real estate companies typically charge a commission fee for their services, which is usually a percentage of the sale price of your home. This fee is typically negotiated between the seller and the agent or company.
Home valuation: The real estate company will likely provide a home valuation to help you determine the appropriate price for your home based on current market conditions, comparable sales in the area, as well as the condition of your home.
Marketing and advertising: The real estate company will likely market and advertise your home to potential buyers through a variety of channels, such as online listings, print advertising, open houses, and direct mail.
Negotiation: The real estate company will likely negotiate on your behalf with potential buyers and their agents to reach an agreement on the sale price and other terms of the sale.
Closing: The real estate company will likely help you through the closing process, which includes the transfer of ownership and the distribution of funds.
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4. Four jobs are to be done on four different machines. The cost in rupees of
producing ith on the jth machine is given below. Assign the jobs to different machines
so as to minimise the total cost.
Jobs M1 M2 M3 M4
J1 15 11 13 15
J2 17 12 12 13
J3 14 15 10 14
J4 16 13 11 17
The total optimal solution based on the information will be 49 rupees.
How to calculate the valueHere, four jobs and four machines are given, with the assignment matrix.
Find out the each row minimum element and subtract it from that row
Find out the each column minimum element and subtract it from that column.
This assignment problem is being solved using Hungerian Method as the optimal solution is:
J1 to M2, J2 to M4, J3 to M1 and J4 to M3. The total optimal cost is:
= 11 + 13 + 14 + 11
= 49 rupees
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urrent items can be described as those expected to come due within one (month/year) and are listed in the order of how (quickly/slowly) they could be converted to or paid in cash.
Current items can be described as those expected to come due within one Year and are listed in the order of how quickly they could be converted to or paid in cash.
What items have been initially classified as assets but are eventually anticipated to become expenses?The value of prepaid expenses is first reported as an asset but is later expensed onto the income statement.
Are they listed in order of their due dates and those that are due within a year?Current obligations are those that have a one-year due date and are listed in that order. On the other hand, long-term obligations are payable whenever a year has passed.
What indicates the pace at which an asset can be converted into cash in respect to present assets?Businesses measure their ability to fulfill short-term financial obligations using liquidity. It acts as a barometer for how well your organization is able to convert its assets—or anything else it owns—into cash. Converting liquid assets into money is rapid and easy. Current obligations are those that are anticipated to become due within a year and are ranked according to how quickly funds could be changed into or paid for them.
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in a political economy context adam smith's book wealth of nations was an attack on which of the following popular economic theories of the age? free market economics imperialism bullionism communism
Adam Smith was written in opposition to the prevailing mercantilist economic doctrines. A common economic theory in the 16th to 18th centuries called mercantilism stated that a nation's wealth could be increased.
What did Adam Smith contribute most to the subject of political economy?An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the book that made Adam Smith famous, contained Smith's description of a system of market-determined wages and free rather than government-constrained entrepreneurship.
What are Adam Smith's theories on economics?The division of labor, which proposes that workers should specialize in particular tasks, the invisible hand theory, and the method for measuring economic activity are among Smith's most well-known concepts that served as the foundation for economic theory (Gross Domestic Product).
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Which of the following is an asset?a. Mortgage payableb. Investmentsc. Common stockd. Retained earnings
Money invested by the business's owner is what makes up owner's equity. Plus, the earnings of the business since its commencement.
Prepaid insurance is insurance that has been paid in full in advance, leaving the company with a receivable since the payment is not yet due. With time, it will be charged to an expense account. Notes; Liabilities and capital contra accounts are categorized as Payable, Unearned Revenue, and Owner Withdrawals. As a result, choice C—prepaid insurance—is accurate. The four components that go into calculating shareholders' equity are outstanding shares, additional paid-in capital, retained earnings, and treasury stock. An organization has enough resources to cover its liabilities on the off occasion that investors view it favorably. Owner's equity is made up of funds that the business's owner has invested. Additionally, the company's earnings since it started.
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Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. points Skipped a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $22,500 for a client, but the client has not yet been billed for those services. b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $530 of interest earned from its investments in government bonds. c. Accounts Receivable. A painting company collects fees when jobs are complete. The work for one customer, whose job was bid at $1,580, has been completed, but the customer has not yet been billed. eBook Print View transaction list References Journal entry worksheet 2 3 At year-end, the L. Cole Company has completed services of $22,500 for a client, but the client has not yet been billed for those services. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Adjusting journal entry for each : On Dec 3 Account receivable will be debited $1580 and Fees revenue credited $1580
Adjusting entry :Date account and explanation Debit Credit
Dec 31 Account receivable 22500
Service revenue 22500
Dec 31 Interest receivable 530
Interest revenue 530
Dec 31 Account receivable 1580
Fees revenue 1580
What is the purpose of changing entries in a journal?Transactions that span accounting periods but have not yet closed are reconciled using adjusting journal entries. These could be expenses or payments that are made but not delivered at the same time.
What Kinds of Adjusting Journal Entries Are There?Accruals and deferrals are the two main categories. Deferrals are prepayments for products that have not yet been delivered, whereas accruals are payments or expenses on credit that are still owed.
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There is only one labor market in Profunctia. All workers have the same skills, and all firms hire workers with these skills. Use the accompanying diagram, which shows the supply of and demand for labor, to answer the following questions.
What is the equilibrium wage rate in Profunctia?
The equilibrium wage rate in the labor market of the Profunctia for all workers of $10. The point where labor supply and demand converge is the equilibrium price wage rate.
Explain the term equilibrium wage rate?Up until the moment where the additional expense of employing someone equals the additional sales generated by selling their output, employees are recruited.
The concept of equilibrium wages is intimately connected to supply and demand forces in the market. As we have already shown, in fully competitive markets, supply and demand decide how much a good or service costs. The labor markets still hold true to this instance. According to the supply and demand for labor, wages change.Employment and equilibrium salaries are directly related in a market that is competitive. In such a perfectly competitive economy, the intersection of the labor supply and demand curves represents the pay equilibrium. According to traditional economic theory, the employment rate will be at its highest if salaries are entirely flexible. In addition to structural and cyclical unemployment, flexible wage rates guarantee that everyone in society has a job.Thus, the equilibrium wage rate in the labor market of the Profunctia for all workers of $10.
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Qatar earned the rank of first place in terms of gross domestic product because they Multiple Choice Ο ) ignored the rise of the global village. Ο embraced the idea of many national markets. Ο were the last country to openly trade, thereby learning from the others. Ο took advantage of the world becoming one market. did not showcase themselves allowing them to rise without notice.
Qatar capitalized on the globe becoming a single market to gain the top position in terms on gross domestic product.
Why is GDP significant and what does it mean?Gross domestic product, or GDP for short, is one of the most significant. This economic indicator measures the monetary worth of goods and services produced in the nation over a specific time period, ranging from food items to equipment, autos, and textiles.
Where does India stand in terms of GDP?India's GDP seems to be the fifth highest in the world, according to the newly published report Real Gdp by Country 2022. Despite this, India continues to lead the USA, China, Korea, and Europe.
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a multiple predetermined overhead rate system is more accurate than a plantwide overhead rate system because it ____
Because it reflects differences in how overhead costs are incurred within departments, a multiple predetermined overhead rate system is more accurate than a plant-wide overhead rate system.
What is overhead rate?The overhead rate is the ratio of direct costs, sales, or other inputs, like machine hours, to overhead costs (rent and other administrative costs). It shows owners and managers how their company's indirect costs compare to, say, its direct manufacturing or gross sales costs.
Divide the monthly sales by the total monthly overhead costs of the business to get the overhead rate. To determine your overhead rate, divide this number by 100.
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consider a downward-sloping demand curve. when the price of a normal good decreases, the income and substitution effects ________
Consider a downward-sloping demand curve. when the price of a normal good decreases, the income and substitution effects work in the same direction to increase quantity demanded.
A demand curve is a graphical representation of the relationship between the price of a product and the quantity demanded by consumers. It is a downward-sloping curve that shows how much consumers are willing to buy at different price points. As the price of a product decreases, the quantity demanded increases, and as the price increases, the quantity demanded decreases.
The demand curve is based on the principle that as the price of a product decreases, consumers are more willing to buy, leading to an increase in demand. Conversely, as the price increases, demand decreases. The demand curve helps businesses determine the optimal price to set for their products and services to maximize profits while meeting consumer demand,
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When purchasing a Disability Policy, which of the following factors will impact rates?Check all that apply) Group of answer choicesWaiting period before benefits start paying out.Length of time benefits pay.Amount of Disability Income purchasedReason for Disability
The correct answer is D. Reason for disability also affects cost or rates because if you have any health issues before policy the rate will be higher because of the High risk to your health
Disability is the revel in of any situation that makes it tougher for a person to do certain activities or have equitable access inside a given society. Disabilities can be cognitive, developmental, intellectual, mental, physical, sensory, or an aggregate of more than one factors.
Disabilities can be present from birth or can be acquired all through a person's lifetime. traditionally, disabilities have only been recognized primarily based on a slender set of standards—however, disabilities are not binary and can be found in particular characteristics depending on the individual. Incapacity can be without difficulty seen, or invisible in nature. Disabilities had been perceived otherwise at some point in history, via a variety of various theoretical lenses. There are two principal models that try to give an explanation for incapacity in our society: the clinical version and the social version. The medical model serves as a theoretical framework that considers disability as an undesirable scientific situation that calls for specialised remedy.
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Complete Question:
When purchasing a Disability Policy, which of the following factors will impact rates?
Check all that apply) Group of answer choices
A). Waiting period before benefits start paying out.
B). Length of time benefits pay.
C). Amount of Disability Income purchased
D). Reason for Disability
Click and drag on elements in order List the steps in processing transactions in the correct order. - Post entry to ledger - Analyze transactions using the accounting equation - Record journal entry - Identify transactions and source documents
Identification of transactions and supporting documentation, accounting equation analysis of transactions, journal entry, and posting of entry to ledger.
Identify financial transactions and related source documents, including invoices, receipts, and purchase orders, are gathered and examined in this stage.
Analyze financial transactions using the accounting equation: In this stage, financial transactions are assessed using the accounting equation to make sure that the total assets are equal to the total liabilities and equity and that the transaction is balanced.
After the transactions have been examined, the next step is to record them using double-entry bookkeeping in the accounting journals, such as the sales journal, cash receipts journal, and general diary.
Posting an entry to the general ledger is the final step in posting the transactions that were made in the accounting journals to the correct accounts.
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You decide to open a restaurant in your neighborhood serving Italian fusion food. What market is this restaurant most like to me in – oligopoly or monopolistic competition and why? What do you believe the long term prospects are for profits and survivability of your eatery?
The restaurant industry (monopolistically aggressive nationwide) offers an example of a monopolistically aggressive market. In most areas, there are many firms, each is different, and entry is easy. Each product has many close substitutes bought by exclusive firms, which include different restaurants, fast-food outlets.
Why is the restaurant enterprise a appropriate example of monopolistic competition?Restaurants are a monopolistically aggressive sector; in most areas there are many firms, every is different, and entry and exit are very easy. Each restaurant has many close substitutes - these may additionally include other restaurants, fast-food outlets, and the deli and frozen-food sections at neighborhood supermarkets.
In general, restaurants fall below monopolistic opposition market structure
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https://brainly.com/question/2891218#SPJ4In the following situation, indicate what type of unemployment Melanie is facing. Is it frictional, structural or cyclical? When Melanie and her co-workers refused to accept pay cuts, her employer outsourced her programming tasks for workers in another country. This phenomenon is occurring throughout the programming industry. Melanie is experiencing ____ unemployment. O cyclicalO structuralO frictional
Option B is correct, Melanie is experiencing structural unemployment.
When an industry undergoes a significant transformation that pushes its employees off the job market, structural unemployment results. In the extract, the structural change involves the way employers look for employees. In order to obtain lower-cost labour, they decide to outsource the employment to developing nations. Melanie was so forced to leave the workforce.
Unemployment that is temporary refers to a type of unemployment that is brought about by an individual's personal preferences rather than by outside forces. Our understanding of Melanie's unemployment from the passage is that she turned down many job opportunities.
Because of the country's overall poor economic state, cyclical unemployment occurs. As a result, there was a sharp decline in market demand for goods, which led to many companies being compelled to lay off workers since they couldn't afford to pay them.
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What would be the estimated time for completion if time estimates for programming are as follows: optimistic = 4 weeks; pessimistic = 6 weeks; realistic = 5 weeks?
If programming time estimations are as follows, the projected completion time would be 5 weeks: Realistically, 5 weeks; pessimistically, 6 weeks; and optimistically, 4 weeks.
What do you mean by a hopeful or pessimistic period?The optimistic time is the soonest that a task could possibly be completed. Pessimistic time: The maximum amount of time that should be needed to complete an activity. The most likely time, supposing no problems emerge, is the most precise estimate of how long a task should take.
Is it possible to forecast how long a specific task will take using both optimistic and pessimistic time estimates?Three time estimates (optimistic, pessimistic, and most likely) are obtained for each task on the Critical Path in order to execute PERT analysis. The shortest time necessary to perform a task, assuming everything goes more smoothly than is generally anticipated.
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on january 1, 2025, hi and lois company purchased 12% bonds having a maturity value of $300,000 for $322,744.44. the bonds provide the bondholders with a 10% yield. they are dated january 1, 2025, and mature january 1, 2030, with interest received on january 1 of each year. hi donald e. kieso; jerry j. weygandt; terry d. warfield. intermediate accounting, 18th edition (p. 16-58). kindle edition.
Part a. Journal entry for the date of bond purchase is made.
Part b. Bond amortization schedule is prepared.
Define the term Bond amortization schedule?In a table known as a bond amortization schedule, the amount of interest paid, interest accrued, and discount as well as premium amortization for a bond are all displayed for each subsequent period. Bond issuers frequently utilize the table to help them account for all these instruments throughout time.Part a. Journal entry for the date of bond purchase.
Bonds purchased at premium - January 1, 2020,
Dr Bonds receivable - 300,000
Dr Premium on bonds receivable - 22,744.44
Cr Cash 322,744.44
Part b. Bond amortization schedule.
Date Interest Cash Premium Unamortized Carrying
revenue received amortization premium value
1/1/20 - -322,744.44 - 22,744.44 277,255.56
1/1/21 32,274.44 36,000 3,725.56 19,018.88 280,981.12
1/1/22 31,901.89 36,000 4,098.11 14,920.77 285,079.23
1/1/23 31,492.08 36,000 4,507.92 10,412.85 289,587.15
1/1/24 31,041.23 36,000 4,958.77 5,454.08 294,545.92
1/1/25 30,545.92 336,000 5,454.08 0 0
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The correct question is-
On January 1, 2020, Hi and Lois Company purchased 12% bonds having a maturity value of $300,000 for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Hi and Lois Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
Instructions
a. Prepare the journal entry at the date of the bond purchase.
b. Prepare a bond amortization schedule.
it is easier for a foreign firm to do business in which of the following country among others? group of answer choices japan brazil chile england
The answer is England, with a percentage of 83.5% in regards to ease of doing business, it is easier for a foreign firm to do business in England.
Which definition of business fits the bill the best?As an organization or enterprising entity engaged in commercial, industrial, or professional activity, a business is, by definition, such. Businesses can be either for-profit corporations or nonprofit institutions. In addition to sole proprietorships, corporations, and partnerships, limited liability firms are another type of business.
What does business actually stand for?A business's goal is to provide value to consumers, who then exchange that value for money or other acceptable forms of payment. The funds should, at the very least, cover the owner's basic necessities and the expenditures of running the business.
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Freedom Of Enterprise Multiple Choice Is A Characteristic That Is Common To Most Economic Systems. In A Market System Means That Entrepreneurs Can Obtain And Use Economic Resources Without Any Legal Restraint. Allows Businesses, Within Broad Limits, To Choose What Goods To Produce Refers Primarily To The Right Of Consumers To Purchase What They Want.
Freedom of enterprise
Multiple Choice
A. is a characteristic that is common to most economic systems.
B. In a market system means that entrepreneurs can obtain and use economic resources without any legal restraint
C. Allows businesses within broad limits, to choose what goods to produce.
D. refers primarily to the night of consumers to purchase what they want
Answer: Allows businesses within broad limits, to choose what goods to produce.
Explanation:
Employees might consider whether they can become self-employed in their field, which would enable them to take the QBI deduction.
True or False
It's true that employees can think about going into business for themselves in order to qualify for the QBI deduction.
By QBI deduction, what do you mean?QBI, which premium customers from partners, Limited companies, sole proprietorships, as well as certain trusts, is the net amount all qualified taxable income, gain, deduction, and loss from every qualified trade or business. The maximum deduction is 20 percent of taxable income less net capital gains, or the lesser of the QBI portion plus the REIT/PTP component. Qualified net profit (QBI) from a partnerships, Body corporate, or sole proprietor may qualified for the QBI deduction for individuals, trusts, and estates. The deduction is not available for any income you earn from a C corporation.
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