A business management system includes three main components: a decision-making information system, a predictive information system, and database management system
Database management system "DBMS". Essentially, it is general-purpose software that helps create and manage database systems. A database management system essentially provides a systematic way to create, update, and manage user data.
A DBMS essentially allows an end user to read, create, delete, and update specified data in a database system.
Information system entails gathering the required data (raw materials or inputs) and processing that data to produce informative information. Three terms—management, information, and system—need to be defined clearly in order to comprehend MIS.
The human element of information system management is the last and possibly most crucial one. the individuals needed to run the system, the procedures necessary to convert knowledge from big databases and data warehouses into learning, and the procedures necessary to analyze what occurred. back then.
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Which of these is not a unit-level activity? A. Assembling B. Painting C. Sewing D. Purchase ordering
Answer:
Purchase Ordering
Explanation:
Purchase Ordering is not a unit level activity.
currently banks are issuing personal loans at an interest rate of 9%. if expected inflation is supposed to be 3%, then:
Currently banks are issuing personal loans at an interest rate of 9%. if expected inflation is supposed to be 3%, then the nominal interest rate will be 9% and 6% will be the real interest rate.
How is the real interest rate determined when inflation is anticipated?
The nominal interest rate is subtracted from the inflation rate to arrive at the real interest rate. In terms of mathematics, we would say this: The nominal interest rate less the inflation rate is the real interest rate.
What is real interest rate?
The interest rate that an investor, saver, or lender receives after taking inflation into account is known as the real interest rate. The Fisher equation, which asserts that the real interest rate is roughly the nominal interest rate less the inflation rate, can be used to explain it in greater detail.
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At the moment, banks charge 9% interest on personal loans. The nominal interest rate will be 9% and the real interest rate will be 6% if anticipated inflation is predicted to be 3%.
When inflation is predicted, how is the real interest rate calculated?The real interest rate is calculated by deducting the nominal interest rate from the inflation rate. The real interest rate is defined mathematically as the nominal interest rate less the inflation rate.
Real interest rate: what is it?The real interest rate is the interest rate that an investor, saver, or lender will actually get after accounting for inflation. A more thorough explanation can be found in the Fisher equation, which states that the real interest rate is roughly equal to the nominal interest rate less the inflation rate.
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vantagescore is the second most popular credit score behind fico. which of the following statements is correct regarding vantagescore? question 14 options: vantagescore was created by equifax. the range for the vantagescore is from 500 to 1,000, with 1,000 as the highest. vantagescore puts more weight on the previous 24 months of payments as compared to the fico score. vantagescore is the dominant credit score
All three credit agencies, Experian, Equifax, and TransUnion, worked together to produce Vantage Score. Based on the Vantage Score model, your TransUnion Vantage Score is valid.
The credit of base FICO® Ratings is 300 to 850, whereas the range of FICO's sector-specific scores is 250 to 900. The current Vantage Score 3.0 and 4.0 employ the same 300-to-850 range as base FICO® scores, unlike the produce two editions of the Vantage Score, which had a range from 501 to 990. The most up-to-date iterations of the FICO Score and VantageScore credit-scoring models, FICO Score 8 and VantageScore 3.0, are the most accurate credit scores.
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TRUE/FALSE. being one of the major interest group activities, refers to the attempt to influence government policy through face-to-face contact with policymakers.
Being one of the major interest group activities, lobbying refers to the attempt to influence government policy through face-to-face contact with policymakers.
In the field of business, lobbying can be described as a persuasive strategy in which a business owner or any other person tries to persuade any government official to declare a law or policy that will benefit that particular interest group.
Usually, the policymakers that are present in the government are tried to be lured through face-to-face contact. This is because the policymakers are responsible for the making of policies that can interest a particular interest group.
The question can correctly be written as:
Being one of the major interest group activities, ............. refers to the attempt to influence government policy through face-to-face contact with policymakers.
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which of the following accounts results in adjustments to net income under the indirect method of preparing the statement of cash flows if their balances change during the year?
Answer: accounts receivable, inventory, accounts payable
Explanation:
accounting
FILL IN THE BLANK. one reason that wages and prices are not very flexible to the downside is that labor is___replaceable in the production process.
One reason that wages and prices are not flexible to the downside is that labor is not immediately replaceable in the production process.
To increase a product's sale, a firm should offer the product at a lower price level. One of many strategies to lower a product's price is to cut its production costs. As a part of the production costs, wages should be cut as much as possible.
The assumption above may seems logical, but it would unlikely to happen. Labors, the factors directly related to wages expense are not easy to be replaced. Let's discuss why.
To cut some wages expenses, a firm has to either cut their wages rate or cut the amount of labor it has. However to cut the employees wages rate, a firm is restricted by the government law regarding the minimum wages. Hence, it may seems that cutting off some labors would be an easier choice. However this is also not the case.
To cut some labors a firm has to prepare new strategy to maintain the prodution output rate. A firm may have 2 possible scenarios:
Increase the remaining employees productivityInvest in tehcnology to work on the labors' workA firm may increase the remaining employees' productivity by urging them to work overtime. However, this option is also restricted with the government's law related to the maximum working hours per day and the overtime payments. Over working the employees might not decreasing a firm's wages expenses, but instead increasing it since the overtime rate is higher than the regular wages rate.
Investing in technology to replace labors might seems promising. But to owned a new technology, a firm has to prepare a hug sum of investment before finally acquiring the technology. Some technologies also require special treatment and dedicated officer, which could be much more expensive.
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The efficient market hypothesis . A. implies that security prices properly reflect information available to investors B. has little empirical validity C. implies that active traders will find it difficult to outperform a buy-and-hold strategy D. has little empirical validity and implies that active traders will find it difficult to outperform a buy-and-hold strategy E. implies that security prices properly reflect information available to investors and implies that active traders will find it difficult to outperform a buy-and-hold strategy
E. Suggests that securities prices accurately represent information that investors have access to and that it will be challenging for active traders to beat a buy and keep strategy.
Why do they require Jamie to work in security?Jamie saw the murder happen and was put in protective custody so she could testify against the perpetrators. Eddie promises to keep maria safe by putting her in a supply closet and keeping in radio contact with her.
What occurs during security?An eleven-year-old girl who is hunted by a gang for taking part as a trial witness is shielded by a security guard. Antonio Banderas plays an ex-special operations soldier who, out of luck and in need of employment, accepts a position as a watchman at a dilapidated mall in.
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elegant dogs and dazzling dogs are competing canine grooming salons. each company currently serves 4,500 customers per year. both companies charge $35 to groom a dog. elegant dogs pays its dog groomers fixed salaries. salary expense totals $45,000 per year. dazzling dogs pays its groomers $10 per dog groomed. elegant dogs lures 2,000 customers from dazzling dogs. which of the following is true?
Profits for Elegant Dogs will rise more than Dazzling Dogs will fall.
Elegant Dogs can boost its profitability by luring clients away from Dazzling Dogs, as was already demonstrated. Elegant Dogs has a fixed cost structure, so revenue grows while expenses stay the same. As a result, net income grows unbalanced. Contrarily, Dazzling Dogs' variable cost structure means that the drop in volume (caused by the loss of sales to Elegant Dogs) is accompanied by proportionate drops in net profitability.
Costs that are constant regardless of how many goods or services are produced. Salary, rent, and actual manufacturing facilities are some examples. Businesses with a high percentage of fixed costs include those in the manufacturing industry.
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Selling business products like chemicals and heavy equipment typically requires technical expertise that may be provided by a(n) ______, who does not actually sell the product
sales engineer
Selling business products like chemicals and heavy equipment typically requires technical expertise that may be provided by a(n) sales engineer, who does not actually sell the product
Sales engineers are experts at streamlining the sales process for cutting-edge technology and scientific items. A sales engineer's job is most frequently seen in B2B environments, where they are responsible with persuading other companies to buy complex products.
The space among product development & sales staff is frequently filled by sales engineers. They must be able to assist sales representatives in convincing prospects to choose their items using their applicable technical expertise.
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internal links are limited since search engine bots do not follow these links to see what content is on the linked-to page are helpful because they can help search engines and visitors discover your new content are hurtful because they complicate site navigation and user experience none of the above
Internal links are limited since search engine bots do not follow these links to see what content is on the linked-to page are helpful because they can help search engines and visitors discover your new content.
An internal link is a link from one page on your website to another page on your website. Both your users and search engines use links to find content on your website. Your customers can link to your site and find the content they want to find. Search engines also use links to your site. They will not see the page if there is no link to it.
There are different types of internal links. In addition to links on your homepage, menu, mail feed, etc., you can add links in your content. We call these as contextual links. Content links direct your users to interesting and relevant content. Moreover, they allow search engines to find out if the content of your site is relevant and determine its value. The more links an important page gets, the more important it will be to search engines.
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talbot industries is considering launching a new product. the new manufacturing equipment will cost $14 million, and production and sales will require an initial $4 million investment in net operating working capital. the company's tax rate is 25%. enter your answers as a positive values. enter your answers in millions. for example, an answer of $10,550,000 should be entered as 10.55. round your answers to two decimal places.]
A financial term known as working capital (WC) measures the operating liquidity that is accessible to a company, organization, or other body, including governmental agencies.
Working capital is seen as a component of operational capital, along with fixed assets like plant and equipment. Current assets are equal to gross working capital. Current assets less Current Liabilities equals Working Capital. [1] An entity has a working capital deficiency, also known as a working capital deficit and negative working capital, if current assets are fewer than current liabilities. Despite having assets and profits, a business may lack liquidity if its assets cannot be quickly transformed into cash. A company must have positive working capital to ensure that it can continue to operate
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The winter holidays are coming up, and Mandy needs to hire two additional salespeople for her bakery in preparation for the busy season ahead. Ideally, she thinks to herself, she’d like to find two people just like Samantha—super-friendly, efficient, and enthusiastic with outstanding skills in sales, too. Yet, after five interviews, she’s beginning to lose hope that she’ll ever find anyone as good. What could Mandy do to prevent her cognitive biases from influencing her perception of job candidates? a. Enlist her entire team to engage in groupthink when reviewing candidates b. Delegate the interviewing and decision-making process to a trusted employee c. Assign a trusted employee to play the role of devil’s advocate as she reviews each candidate d. Ask a couple of other employees to interview the candidates with her and provide insights on each one
(d)Ask a few additional staff members to interview the applicants with her and offer their opinions on each one. is the right response.
Why is cognitive bias a problem?
The inclination of something like the human mind to streamline the processing of information throughout a lens of individual perspective or interests results in cognitive bias, a type of methodical mental process. The filtering procedure is a coping technique that allows the mind to choose and efficiently assimilate a huge amount of data.
Who first identified cognitive biases?
Amos Tversky with Daniel Kahneman coined the term "cognitive bias" as in early 1970s to refer to people's methodical, but allegedly incorrect, routines of replies to assessment and decision-making issues.
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a car dealership is pressuring its customers to purchase its products. what philosophy is the car dealer following?
Answer: persuading
Explanation:
Which of the following chapters of the bankruptcy code is primarily designed to provide a fresh start to a debtor as opposed to a reorganization?
Group of answer choices
Chapter 7
Chapter 9
Chapter 11
Chapter 13
Chapter 7 of the bankruptcy code is primarily designed to provide a fresh start to a debtor as opposed to a reorganization.
Regardless of the total amount of debt owing or whether a debtor is solvent or bankrupt, Chapter 7 offers relief to debtors. A Chapter 7 Trustee is chosen to liquidate the debtor's assets and distribute the money to the creditors.
A person who is drowning in debt can get a "new start" under chapter 7 of bankruptcy code by having their debts forgiven in exchange for turning over their nonexempt property for distribution. The discharge exonerates an individual debtor from responsibility for the majority of obligations, shielding creditors from legal action.
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A vertical AS curve means that the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, regardless of the level of:
a. aggregate demand.
b. real unemployment.
c. cyclical unemployment.
The real GDP of the economy will be determined by the level of aggregate supply (or potential GDP) regardless of the level of: Aggregate Demand.
What is the definition of aggregate demand?
However, aggregate demand identifies the complete market for all goods and services that an economy generates and expresses it as an overall dollar value. A nation might have a $1 billion annual aggregate demand for products and services, for instance.
How does the economy's total demand grow?First, if government spending rises but taxes stay the same, demand rises directly. Second, as households' disposable income improves as a result of tax cuts or increased transfer payments, they will expend more on consumption. A higher aggregate demand will result from this increase in consumption.
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TRUE/FALSE. increase the efficiency and effectiveness of social marketing tactics. examples include upcontent, right relevance, buzzsumo and hootsuite.
TRUE, Third-party software tools increase the efficiency and effectiveness of social marketing tactics, example include content, right relevance, buzz sumo, and Hootsuite.
Maintaining the pressure of constantly being on target with their social media marketing methods is a constant challenge for many brands.
The target audience is constantly online and seeking out fresh stuff to read. However, the platforms' algorithms are always evolving, and user behavior is never predictable, in this third-party software tools like content, right relevance, buzz sumo, and Hootsuite in order to increase the efficiency and effectiveness of social marketing tactics.
For many brands, various social media marketing strategies are effective. Not all of them have to be a part of your marketing campaigns. Most likely, you would need to conduct numerous tests to find the strategies that work best for achieving your objectives.
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harold was terminated by his employers for poor performance. a clause in his employment agreement stated that harold would be barred from working for a rival firm for a period of 1 year from the date of termination. this clause is an example of a:
According to a provision in his employment contract, Harold would be prohibited from working for a rival company for a year from the date of termination. This phrase serves as an illustration of a no-compete clause.
How do you correct a worker's bad performance?Verbal counseling should be your initial port of call. Indicate that the employee's actions or subpar work are unacceptable. after talking with the worker and discussing the necessary corrective measures.
Is it legal for an employer to fire a worker for subpar work?"Poor performance" generally refers to inefficiency and incompetence when carrying out official obligations. Only if an unsatisfactory rating amounts to gross misconduct can it be used as justification for dismissal under Article 282 of the Labor Code.
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The standard cost of Product B manufactured by Pharrell Company includes three units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70 per unit, and 29,000 units of direct materials are used to produce 9, 400 units of Product B. Instructions (a) Compute the total materials variance and tin-;>> and quantity variances. (b) Repeat (a), assuming the purchase price is $5.15 and the quantity purchased and used is 28,000 units.
(a) The total materials variance 4700 favorable and quantity variances 4000 unfavorable. (b) The total materials variance 3200 favorable and quantity variances 1000 favorable.
Components that go into a produced item are known as direct materials. For instance, the direct materials used in the creation of a smartphone are the screen, integrated circuits, camera modules, and buttons. Contrast this with indirect materials, which are components of the overall manufacturing process but do not appear in the finished product. Direct materials procurement is seen as having high stakes since it has a significant impact on supply chain effectiveness, client sales, and ultimately a company's top and bottom lines. Additionally, managing direct materials costs is more than just a business responsibility in today's highly dynamic, international supply chains; it's also a chance to achieve a strategic competitive edge.
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first securities of new jersey, inc., is a broker-dealer that has its only offices in new jersey, where most of its clients reside. first securities a
The only offices of broker-dealer first securities of new jersey, inc. are located in the state of new jersey, where the majority of its clients live. first securities a New Jersey and New York.
The precise authority and obligation to determine whether information is material and whether it is adequately accessible to serve as the foundation for investment choices should fall within the purview of a single supervisor or compliance officer.
Registration cannot be denied solely on the grounds of insufficient experience if the broker/dealer qualifies due to education or experience. If the applicant wilfully breaches the Uniform Securities Act, is bankrupt, or has been prohibited from conducting the securities business, registration may be refused.
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A farmer grows wheat using two inputs: labor and land whose prices are constant. If she doubles her inputs, she finds that the quantity of wheat produced more than doubles. Therefore, it must be true that in this output range her long-run average total cost curve is
A
upward sloping
B
downward sloping
C
horizontal
D
vertical
E
U-shaped
A farmer grows wheat using two inputs: labor and land whose prices are constant. If she doubles her inputs, she finds that the quantity of wheat produced more than doubles. Therefore, it must be true that in this output range her long-run average total cost curve is downward sloping. Correct answer (b).
What is the long run average curve?
The available output levels are displayed against the average cost for each level on the long-run average cost (LRAC) curve, which has a U-shape. The short-run average total cost (ATC) curves for the company are all contained in the LRAC, which may be thought of as a "envelope". It consists of all the tangency points of the ATC curve.
The cost per unit of production over the long term or the average of the LTC curve is known as the long run average cost, or LAC. It may be determined by dividing LTC by the output volume. The Short run Average Cost (SAC) curves may be used to graphically determine LAC.
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salvatore has the opportunity to invest in a scheme that will pay $6,496 at the end of each of the next 5 years. he must invest $10,000 at the start of the first year and an additional $10,000 at the end of the first year. assume that the interest rate is 6%. then, the present value of this investment is $ . (round your answer to two decimal places)
Salvatore has the opportunity to invest in a scheme that will pay $5000 at the end of each of the next 5 years. He must invest $10,000 at the start of the first year and an additional $10,000 at the end of the first year. $ 3189.80 is the present value of this investment if the interest rate is 3%.
An investment is the giving of money to purchase an asset in order to achieve an increase in value over a period of time. Investment requires the sacrifice of some current asset such as time, money or effort.In finance, the purpose of investing is to generate a return on the invested asset. Income can consist of a gain (gain) or loss realized from the sale of a property or investment, unrealized capital appreciation (or depreciation), investment income such as dividends, interest or rental income, or a combination of capital gain and income. Income may also include currency gains or losses due to changes in foreign currency exchange rates.
Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is generally low as well. Similarly, high risk comes with the possibility of high losses. Investors, especially novices, are often advised to diversify their portfolios. Diversification has a statistical effect of reducing the overall ri
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jay, an engineer, entered into a contract with sky, inc. to provide specified consulting services. jay was paid pursuant to the contract, but social security taxes were not withheld because sky, inc. considered jay an independent contractor. which of the following factors is least likely to support the position that jay is an independent contractor? group of answer choices jay was paid in one lump sum after all of the services were performed jay provided his own office and supplies sky, inc. reserved the right to inspect jay's work sky, inc. consistently supervised and controlled the manner in which jay provided his services
The following factors is least to support the position that Jay is an independent contractor is that Sky, Inc. consistently supervised and controlled the manner in which jay provided his services.
An individual who is hired to work for another person or business on a contract basis is referred to as an independent contractor.
Jay is a self-employed individual, thus Sky Inc. has no authority to monitor or direct his work. Since Sky oversaw and directed Jay's performance of the services, this is the argument that is least likely to support the idea that he is an independent contractor.
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put the steps of the personal selling process in order. note: the first step in the process should be the top item on your list.
In marketing, the steps of the personal selling process in order are:
1. Prospecting and Evaluating2. Approaching the Consumer3. Preparing for the Sale4. Making the Presentation5. Overcoming the Objections6. Closing the Sale 7. Following Up.What does personal selling mean?A personal selling, also known as face-to-face selling, refers to a form of selling in which one person (salesman) tries to convince the customer in buying a product. It is a promotional method in which the salesperson uses his or her skills and abilities in an attempt to make a sale.
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corporations in the u.s., as compared to other countries, tend to: question 14 options: have a median leverage ratio that's equal to the average international median leverage ratio. underutilize debt. have relatively high leverage ratios due to the tax benefits gained. have extremely high debt-equity ratios. rely less on equity financing than they should.
In contrast to other nations, American businesses frequently underuse debt. have comparatively large leverage ratios as a result of the tax advantages received.
What can we infer from the leverage ratio?Leverage ratios are a group of ratios that show how financially leveraged a company is in relation to its assets, liabilities, and equity. They reveal how much of an organization's capital is derived from debt, which is a reliable indicator of whether a company can honor its financial commitments.
What does it signify when the leverage ratio is less than 1?If the ratio is less than 1, it means that a firm is more likely to be financed by equity than by debt; if it is greater than 1, it means that a company is more likely to be financed by debt than by equity.
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foreign ownership of us airlines; current limit of percentage of voting stock is lifted or requirements are revised
Federal laws limit foreign ownership of U.S. airlines to 25% and require U.S.-citizen control of airlines.
By introducing new airlines to the market or growing existing airlines, foreign investment may have an impact on the level of competition. However, increasing the ownership limitation is unlikely to have an impact on investment as profitable US airlines aren't actively looking for extra funding and international investors have shown little interest.
The Department of Transportation (DOT) is in accountable for ensuring that U.S. airlines are abiding by the regulations governing foreign ownership and control, which, among other conditions, set a limitation on foreign ownership at 25 percent of the voting stock of U.S. airlines. According to DOT guidelines, it is necessary to check the ownership structure of new airline applicants to make sure that it complies with legal requirements for ownership and control and is in fact managed by U.S. residents. On a case-by-case basis, DOT inspectors determine actual control while taking into account elements including a shareholder's influence and professional connections. In order to completely comprehend the layers of ownership and types of investors, DOT officials claim that this determination occasionally may require a review of complicated airline documentation.
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FILL IN THE BLANK an mnc's cash flows are likely to be less volatile if its percentage of foreign sales is ____and the number of foreign countries it sells products to is ________
FILL IN THE BLANK an mnc's cash flows are likely to be less volatile if its percentage of foreign sales is high and the number of foreign countries it sells products to is large.
When a foreign currency is perceived by using an MNC to be undervalued?When a overseas foreign money is perceived by way of a company to be undervalued, the firm may additionally consider direct overseas funding in that country, as the preliminary outlay have to be rather low. eleven Consider a u . s . a . that nowadays has a excessive level of unemployment because of weak monetary conditions.
How does MNC minimize exchange rate risk?Hedging in opposition to alternate rate movements can limit the uncertainty surrounding future cash flows. The hedging technique can stabilize an MNC's revenue, expenses, earnings, and cash flows.
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https://brainly.com/question/13312055#SPJ4according to the video, investment is what percentage of total output in the u.s. economy? rev: 04 27 2016 qc cs-49403 multiple choice 30% 5% 20% 10%
The question asks investment is what percentage of total output in the United States economy. The correct answer is 20%.
The gross domestic product, or GDP, of a country, which calculates the value of all products and services generated there in a given year, is a typical way to describe the size of its economy.
Important data about US investments: % of GDP
United States Investment represented 21.2% of its nominal GDP in September 2022, down from the previous quarter's ratio of 21.6%.With an average ratio of 22.3%, the US investment share of Nominal GDP data is updated quarterly and available from March 1947 through September 2022.The data peaked at 25.4% in December 1978 and fell to a record low of 16.1% in June 1947.Learn more about investment here brainly.com/question/15353704
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Six years ago, Linus Corporation granted Pauline a nonqualified option to purchase 5,000 shares of Linus stock for $13 per share. On date of grant, the market price was $11 per share. Last year, Pauline exercised the option when the market price was $47 per share. This year, she sold the stock for $40 per share. Compute Pauline's gain or loss recognized on sale.
A) $135,000 gain
B) $10,000 loss
C) $35,000 loss
D) No gain or loss on sale
C) $35,000 loss: $235,000 basis ($65,000 cost + $170,000 revenue realized on exercise) $200,000 amount realized on sale. Shares are fractional ownership interests in a corporation.
For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further stock price growth as business profits rise. Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares. As a result, the terms "shares" and "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors. In exchange for funds required to expand and run the business, companies issue equity shares to investors.
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Help:
Upon analysis of the map, what conclusions can you make about the locations of the twelve Federal Reserve Districts shown by the colored areas?
O A The Federal Reserve Districts are disproportionate in size yet balanced in terms of economic strength.
OB. The Federal Reserve Districts are equally divided across the country to ensure fair access to loan services.
O
C. The Federal Reserve Districts are generally reflective of the geographic concentration of banking activity in the country.
D. The Federal Reserve Districts are representative of the government's plan to consolidate the banking industry.
The conclusion made is that the Federal Reserve Districts are generally reflective of the geographic concentration of banking activity in the country. The Option C is correct.
What are the Federal Reserve Districts?In U.S, the Federal Reserve officially identifies its Districts by number and Reserve Bank city. In the 12th District, Seattle Branch serves Alaska and the San Francisco Bank serves Hawaii.
The District System serves the commonwealths and territories as follows; New York Bank serves the Commonwealth of Puerto Rico and the U.S. Vir-gin Islands, San Francisco Bank serves American Samoa, Guam and Commonwealth of the Northern Mariana Islands.
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b. prepare the adjusting entry to record bad debts expense using the estimate from part a. assume the unadjusted balance in the allowance for doubtful accounts is a $4,800 credit.
Increase the terrible debt expense account with a debit and reduce the accounts receivable account with a credit. For example, if purchaser Lucy has a 91-day late $125 invoice, your awful debt cost journal entry would appear like this: Bad Debts Expense - Debit $125. Accounts Receivable - Credit $125.
What type of adjusting entry is terrible debt expense?Allowance Method: Journal Entries (Debit and Credit)
The allowance technique estimates the “bad debt” expense near the stop of a period and depends on adjusting entries to write off certain patron money owed determined as uncollectable.
What is the formula for awful debt expense?The fundamental method for calculating the percentage of awful debt is pretty simple. Divide the amount of horrific debt by the complete bills receivable for a period, and multiply through a hundred There are two fundamental methods agencies can use to calculate their bad debts.
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