A tariff is a tax on imported products Option(b) is correct. Tariffs are among the most broadly utilized instruments of protectionism, alongside import and commodity shares.
What is a Tariff?A Tariff is a tax forced by the public authority of a nation or by a supranational association on imports or products of merchandise.
Other than being a wellspring of income for the public authority, import obligations can likewise be a type of guideline of unfamiliar exchange and strategy that taxes unfamiliar items to support or protect homegrown industry.
Tariffs can be fixed (a steady total for each unit of imported products or a level of the cost) or variable (the sum fluctuates as per the cost). Taxing imports implies individuals are less inclined to get them as they become more costly.
Therefore Option(b) is correct.
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if the spot rate of the euro is $1.10 per euro and the 30-day forward rate is $1.00 per euro and you believe that the spot rate in 30 days will be $1.05 per euro, you can maximize speculative gains by:
You can try to maximize speculative gains by: signing a forward foreign exchange contract to sell dollars in 30 days.
How do we calculate forward and spot exchange rates?To calculate the forward rate, simply multiply the spot rate by the ratio of interest rates and manage for the time until expiration.
So, the forward rate equals to the spot rate x (1 + domestic interest rate) / (1 + foreign interest rate).
What is spot rate and forward rate?In common , a spot rate means to the current price or bond yield, while a forward rate means to the price for the same product or instrument at some points in the future. In commodities futures markets, a spot rate is the price for a commodity that is being traded immediately on the spot.
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calculate bond price if the coupon payment is 8%, yield for the bond is 10%, bond's face value is 1,000 and matures in 6, if paid semi-annually (enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23)
The answer of the bond price is $911.37
What is bond price?
Daily monitoring of bond prices is valuable for determining the direction of interest rates as well as, more broadly, the future of the economy. Not surprisingly, they play a significant role in a properly managed as well as diversified investment portfolio. Bond yields and prices are always subject to price fluctuations, particularly during times of rising as well as falling interest rates. Let's talk about the connection between bond yields and prices. If you purchase a bond right away, its face value will be its price, and its yield will be equal to its coupon rate. That is, you will receive exactly that if you purchase a bond with a three-year interest rate of 1%. You will receive the bond's face value back once it matures.
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state regulations regarding the sale of alcohol over the internet can negatively impact the business of fine wine distributors, making it all the more critical for their marketers to adjust their marketing strategies based on these factors.
State regulations regarding the sale of alcohol over the internet can negatively impact the business of fine wine distributors, making it all the more critical for their marketers to adjust their marketing strategies based on these technological factors.
In the field of business, the ways in which a company manages the production and the sales of its product including e-commerce are referred to as technological factors.
Effective marketing strategies need to be applied by keeping into consideration all the technological factors. The operation of an organization is based on its technological factors.
The imposition of state regulations over the sale of alcohol is a technological factor that needs to be focused on and requires adjusting the marketing strategies.
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questions 1. what information does paul have to support his belief that something is wrong? 2. knowing that you are not an attorney, does it appear from a project management perspective that sufficient information exists for a possible lawsuit to recover all or part of the incentive bonus for early delivery? 3. how do you think this case study ended? (it is a factual case and the author was the consultant.)
The management section of the proposal obtained by Paul provides supporting evidence that Welton knowingly manipulated the contract in their favor.
Welton stressed their ongoing connection with the Navy and mentioned that they had previously completed nearly comparable tasks for them using a team of individuals who had worked on previous contracts. If such were the case, then why did it take them six months to construct their manufacturing and procurement strategies, especially since similar plans for other contracts were created in less time? Furthermore, one should undoubtedly question Welton's motivation for requesting an incentive-based contract. The case study stated that while the Navy was interested in their contractor's choice, Welton was adamant on changing the contract type. In order to fulfill the contract one quarter earlier than expected, Welton took advantage of the incentive-based contract by investing an additional $5 million in labor. According to the 90%-10% share agreement, Welton received a $6 million incentive for the early delivery but the labor cost overrun of $5 million only resulted in a $500,000 fine.Although it appears exceedingly doubtful, there may be sufficient evidence for the Navy to recover some of the incentive bonus. It is ultimately the Navy's fault for agreeing to a fixed-price-incentive-fee contract and anticipating that Welton would not abuse the terms of the agreement. They may have questioned Welton's motivations at various stages throughout the project and changed direction if needed. For example, towards the end of the first quarter, when Welton was meant to be creating their production plans, they were spending more than twice as much on labor as planned. The cost overruns would have been an alert if the Navy had been keeping an eye on their purchase orders and expense reports. The proposal's management section lends credence to the Navy's concerns that Welton deliberately finished the task in less time to get the incentive. Both parties must have been truthful in their assessments and contract talks, according to the contract's Truth of Negotiations provision. In court, Welton would have to provide evidence as to why they anticipated this job would take so much longer than the other, comparable projects they had already finished. In a potentially drawn-out legal battle, the Navy must demonstrate that Welton utilized improper pricing tactics to boost company profits. The argument that Welton intended to con the Navy from the beginning should be supported by the fact that Welton began billing labor charges at a rate that was around 62% higher each month.The Navy for signing an incentive contract and failing to check on the project's condition while it was ongoing, as well as the Welton Company for failing to provide accurate estimates during negotiations, make it difficult to make a judgment because both parties share responsibility. It is the responsibility of the Navy to prove that Welton purposefully supplied estimations that were not supported by the available historical evidence and instead promoted their own individual objectives. It would be challenging for the top management at Welton, who signed the "Truth of Negotiations" paper, to deny on evidence that they had not intended from the start to finish on time and get the reward.Lean more about Navy, here
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a lower density zoning code in a high-rent-apartment neighborhood has changed the usual comparison units and rules of thumb for land value. if vacant apartment-zoned lots could formerly be developed to 12 units each, but now can be developed to only 6 units each, what value change is likely?
If a high-rent apartment neighborhood's lower density zoning regulation standard reference units and general guidelines for determining land value, a fall in the value per square foot change is likely to occur.
The density of homes per square foot of land, such as an acre, is controlled by low-density residential zoning rules. There isn't a standard low-density zoning rule because every town typically adopts its own based on its requirements and preferences. If a high-rent apartment neighborhood's lower density zoning regulation standard reference units and general guidelines for determining land value, a fall in the guidelines value per square foot change is likely to occur.
In low-density residential zones, Crystal City, Minnesota, for instance, guidelines only allows five homes per acre whereas Jefferson City County, Virginia, only density zoning allows one home per acre. For details on the city's unique zoning regulations, contact them.
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according to the capm, what is the market risk premium given an expected return on a security of 17.3%, a stock beta of 0.9, and a risk-free interest rate of 11%?
The market risk premium is 7.00%, given an expected return on a security of 17.3%, a stock beta of 0.9, and a risk-free interest rate of 11% is
Risk premium (Rs-Rf)÷B
Here,
Risk free rate of return (Rf) 11.0%
Beta of the stock (B) 0.9
Portofio expected return (r) 17.3%
Risk premium (17.3% -11%) ÷0.9 = 7.00%
A risk premium is the excess of an asset's expected investment return over its risk-free rate of return. Investors receive compensation in the form of a risk premium for an asset. It serves as compensation for investors who accept more risk in a particular investment than they would in a risk-free asset.For instance, there is often low default risk associated with high-quality bonds issued by reputable businesses that generate significant profits. So, compared to bonds issued by less well-known businesses with a larger risk of default and uncertain profitability, these bonds pay a lower interest rate. Investors are compensated for their increased risk tolerance by the higher lending rates that these smaller businesses must charge.Learn more about Risk premium, here
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Nominal gdp measures base-year production using base-year prices, whereas real gdp measures current production using current prices. True or false?.
Nominal GDP measures base-year production using base-year prices, whereas real GDP measures current production using current prices.
The statement is false.
Nominal GDP is GDP evaluated at contemporary marketplace expenses. therefore, nominal GDP will include all of the changes in marketplace fees which have taken place all through the modern 12 months due to inflation or deflation.
Nominal GDP is the Gross home Product without any impact of inflation. real GDP is the inflation-adjusted GDP of a rustic. The Nominal GDP of a rustic is expressed in terms of current year costs of goods and offerings.
Nominal GDP assesses monetary manufacturing in an economy but includes the modern charges of goods and offerings in its calculation.
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bristo corporation has sales of 1,000 units at $50 per unit. variable expenses are 40% of the selling price. if total fixed expenses are $20,000, the degree of operating leverage is:
The degree of operating leverage is 3 times
The degree of operating leverage calculates how much a company's operating income changes in respect to a change in sales. The DOL ratio analysts in determining the impact of any change in sales on the company earnings.
Calculating the problem:Total contribution margin = Units sold × contribution margin per unit
= 1000 × (50×60%)
= 1000×30
= $30,000
Net operating income = Total contribution margin - fixed expenses
= 30000 - 20000
= $10,000
Degree of operating leverage = Total contribution margin / net operating income
= 30000 / 10000
= 3
What Is Operating Leverage?
Operating leverage is a cost-accounting formula that calculates the degree to which a firm or project can gain operating income by increasing revenue. A business that operates sales with a high gross margin and low variable costs has high operating leverage.
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The ceo of c & j construction is considering moving to a virtual network structure. What would be the best reason to make such a move?.
The strongest reason for such a move would be to concentrate on the organization's core strengths while outsourcing less important mission-critical jobs.
What exactly is a virtual network?
C&J Construction's CEO is thinking about switching to a virtual network topology. A loose connection of businesses that is managed by a small, centralized organization is referred to as a virtual network structure. This team is in charge of assigning tasks to the suitable businesses in the network. For instance, if C & J Building's primary business was construction, it could establish connections with engineering and sales firms to outsource such tasks and concentrate on construction.
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suppose that kim k decides to spend $30,000 on an american‑made purse instead of donating it to haitian earthquake relief. assume that the multiplier is 1.6 . how much will gdp rise when kim k buys her purse according to the multiplier effect? $ 33000
K decides to spend $30,000 on an american‑made purse instead of donating it to haitian earthquake relief. Chanage in GDP = 51,000 will gdp rise when kim k buys her purse according to the multiplier effect.
Joint Task Force-Haiti supported U.S. foreign disaster assistance, coordinated by the U.S. Agency for International Development Bureau for Humanitarian Assistance, at the request of the government of Haitian from August 15 to September 2, 2021, to assist those affected by a devastating earthquake in Haiti's Southern Claw. Joint Task Force-Haitian, along with the Bureau for Humanitarian Assistance of the U.S. Agency for International Development, carried out overseas disaster assistance operations from August 15 to September 2, 2021, to assist those affected by a devastating earthquake in Haiti's Southern Claw.
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the residents of ecuador earn $700 million of income from abroad. residents of other countries earn $200 million in ecuador. the earnings of ecuadorian residents abroad are accounted for in ecuador's
The earnings of Ecuadorian residents are accounted for Ecuador's GNP (gross national product) which is larger than its GDP (gross domestic product).
Gross national product (GNP), determined without taking into consideration the depreciation or usage of capital utilized in the manufacturing operation, is the total value of the final goods and services manufactured by a nation's economy during a particular period of time (typically a year).
Whereas GDP (gross domestic product) means the total market value of all the goods and services produced in an economy during an accounting period. When local industries sell more commodities and services to foreign countries than national customers purchase from international customers, the gross domestic product (GDP) of that nation generally increases. A nation is considered to have a current account surplus when this occurs.
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if you have a dental emergency and your dentist pulls your severely infected tooth without prior negotiation about payment, or even any mention of payment, you have a(n) contract for the payment of his services.
You have an implied contract for the payment of his services if you have a dental emergency and your dentist extracts your very infected tooth without first discussing payment or even mentioning it.
What is an implied contract?An implied contract is a legally-binding duty that arises from the actions, conduct, or circumstances of one or more parties to an agreement. It has the same legal impact as a voluntary agreement established by two or more parties and communicated verbally or in writing, which is known as an explicit contract. The implicit contract, on the other hand, is assumed to exist and doesn't need to be confirmed orally or in writing.
According to the ideas underpinning an implied contract, no one should receive unjust gains at the expense of another, and fair play can be achieved without a written or verbal agreement.
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we are sorry, but we could not complete this payment, because it has been denied. please retry with a another funding option to continue with the payment.
Answer:
tell me the other funding options?
Explanation:
if the price index in the first year is 125, in the second year is 150, and in the third year is 200. what is the inflation rate between the first and second year and between the second and third year?
The inflation rate between the first and second year is 20%.
The inflation rate between the second and third year is 33.33%
The Price Index is a crucial economic metric. It calculates the average change in prices paid by consumers over a time interval for a basket of goods and services. The annual rate of inflation is actually the price of the total basket in a month compared with its price in the same month one year previously. Inflation is the percent changes in the price index from one year to the next.Calculating the rate of inflation:Between the first and second-year inflation was :
( 150 - 125 ) ÷ 125
= 25 ÷ 125
= 20%
Inflation during the second and third year is
(200 -150) ÷ 150
= 50 ÷ 150
= 33.33%.
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A factory in germany produces millions of auto parts a year, and has been able to reduce its costs per unit as it increased its production. This demonstrates the concept of.
A German business that makes millions of vehicle parts annually was able to lower its cost per unit as it boosted production. This serves as an example of the idea of economies of scale.
Cost advantages that businesses enjoy when production becomes efficient are known as economies of scale. By increasing production and reducing expenses, businesses can attain economies of scale. Costs are divided among more products, which causes this. Costs come in fixed and variable forms.
When it comes to economies of scale, the size of the business typically matters. Cost savings increase with business size. Both internal business and external economies of scale are possible. While external economies of scale are influenced by outside causes, internal ones are based on management choices.
Economies of scale result in cheaper per-unit costs for a variety of reasons. Production volumes are first increased through worker specialization and better technological integration. Additionally, decreased per-unit prices may result from larger advertising purchases, bulk orders from suppliers, or lower startup costs. Third, cost reduction is aided by dividing internal function costs among a greater number of manufactured and sold units.
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you just won the $92.5 million ultimate lotto jackpot. your winnings will be paid as $3,700,000 per year for the next 25 years. if the appropriate interest rate is 7 percent, what is the value of your windfall?
The total amount windfall tax will be $317,405, given the amount of $3,700,000 will be paid for next 25 years.
Amount that will be paid (a) = $3,700,000
Time period (n) = 25 years
interest rate (i) = 7% = 0.07
Present value of windfall tax = a [{1-1/(1+i)} ^25]/i
= 3,700,000 [1-1/(1.07) ^25]/0.07
= $317,405
A windfall tax is an increased tax percentage on earnings that arrive from a company or industry having received an unexpected capital gain. This seems to be frequently the consequence of a global political turmoil, war, or natural catastrophe that creates unexpectedly high requirement and/or supply shortages.
Governments worldwide have initiated windfall taxes for a range of reasons, which include funding social assistance programs, wealth distribution of unpredicted benefits when inflated costs benefit manufacturers at the cost of consumers and as an extra source of revenue for the federal government.
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what is the npv of a project that would cost $80000 today and be expected to produce annual cash flows of $7300 forever with the first annual cash flow expected in 1 year, if the cost of capital of the project is 9.34 percent?(round the value to nearest dollar)
$4,468 Is the npv of a project that would cost $80000 today and be expected to produce annual cash flows of $7300 forever with the first annual cash flow expected in 1 year, cost of capital is 9.34 percent.
Step-1:Calculation of present value of annual cash inflows Present Value=Annual Cash inflow/Cost of Capital = $ 7,100/9.40% = $ 75,532 Step-2:Calculation of NPV of the project Present value of cash inflow $ 75,532 Less Investment $ 80,000 NPV $ (4,468)
Capital budgeting places a greater emphasis on cash flows than profits, in contrast to several other methods of investment analysis. Instead of accounting the income and expenses resulting from the investment, capital budgeting focuses on identifying the cash inflows and outflows. Since they are cash flow activities, non-expense items like debt principal payments are, for instance, accounted for in capital budgeting. Contrarily, because they are not cash transactions, non-cash expenses like depreciation are not taken into account when planning capital expenditures (save to the extent that they have an impact on tax calculations for "after tax" cash flows). The amount of money that enters and leaves a business over the course of a fiscal year is referred to as annual cash flow.
Divide the cash flow for the period by the number of times it happens in a year.
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barnes company reports the following for its product for its first year of operations. direct materials $ 35 per unit direct labor $ 25 per unit variable overhead $ 10 per unit fixed overhead $ 48,000 per year variable selling and administrative expenses $ 3 per unit fixed selling and administrative expenses $ 20,000 per year compute total product cost per unit using absorption costing for the following production levels: (a) 2,000 units, (b) 2,400 units, and (c) 3,000 units.
The total product cost per unit using absorption costing for the following production levels are:
a) 2,000 units $94b) 2,400 units $90c) 3,000 units $86.What is the total product cost per unit under absorption costing?The total product cost per unit under absorption costing is the sum of direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead per unit.
Direct materials per unit = $35
Direct labor per unit = $25
Variable overhead per unit =$10
Total variable manufacturing cost per unit = $70
Fixed manufacturing overhead per year = $ 48,000
Variable selling and administrative expenses per unit = $3
Fixed selling and administrative expenses = $20,000
2,000 units 2,400 units 3,000 units
Fixed costs per unit $24 $20 $16
Variable manufacturing cost 70 70 70
Total product cost per unit $94 $90 $86
Thus, the total product cost per unit reduces as the production level increases but includes the fixed manufacturing cost under absorption costing.
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economic efficiency in a free market occurs when group of answer choices consumer surplus is maximized. price is as low as possible. producer surplus is maximized. the sum of consumer surplus and producer surplus is maximized.
Economic efficiency in a free market occurs when the sum of consumer surplus and producer surplus is maximized.
In order to serve each person or entity in the best possible manner while minimizing waste and inefficiency, economic efficiency implies an economic state. Any adjustments made to benefit one entity would hurt another in an economically effective economy. The cost of production is kept as low as feasible for both the fixed and variable inputs of production.
Allocative, productive, distributive, and Pareto efficiency are a few words that refer to different stages of economic efficiency. Economic efficiency is essentially an idealized limit that can only ever be approached.
Instead, to determine how effectively an economy operates, economists examine the amount of loss, sometimes known as waste, between pure efficiency and reality.
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reasons behind the drop in bank profitability in the late 2000s include: i. flattening of the yield curve. ii. increase in competitive pressures on asset pricing. iii. increases in foreclosures in the mortgage market. iv. increases in net interest margin.
Reasons behind the drop in bank profitability in the late 2000s include increase in competitive pressures on asset pricing. Hence, option B is correct.
What is asset pricing?The Asset Pricing Program looks into the factors that influence the prices and returns of financial and tangible assets such stocks, bonds, cash, and real estate. It also looks into the behavior of the individuals and organizations that invest in these assets.
Asset prices are also of fundamental significance for the macroeconomy since they provide crucial information for important economic decisions impacting actual investments and consumption.
Thus, option B is correct.
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kristin is examining a measure of the financial return the human resources department received for its investment in a new performance appraisal system. the new system cost $3,500 and saved more than $5,000 in payroll expenses. kristin is examining the . a. strategy b. economic value added c. gain from investment d. return on investment e. balanced scorecard
Kristin is looking into a measure of how much money the HR department made from investing in a new performance evaluation system. While saving over $5,000 in payroll costs, the new system cost $3,500. Kristin is looking into investment return.
An indicator of an investment's profitability is the return on investment (ROI).ROI measures an investment's effectiveness by comparing the amount you paid for it to the amount you made.
How is the return on investments calculated?
An approximate indicator of an investment's profitability is its return on investment (ROI).ROI is calculated by dividing the new number by the investment's cost, then multiplying it by 100, then subtracting the investment's initial cost from its final value.
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on october 31, your company's records say that the company has $18,282.83 in its checking account. a review of the bank statement shows you have three outstanding checks totaling $7,151.89, and the bank has paid you interest of $19.09 and charged you $15.00 in service charges. the bank statement dated october 31, would report a balance of: (round your answer to 2 decimal places.)
According to the bank statement from October 31st, there is a balance of $11,135.03.
Describe a bank statement.The transactions for a bank account over a specific time period, typically monthly, are listed in a bank statement. The statement provides the beginning and ending balances for the period along with deposits, charges, and withdrawals.
A bank statement, also known as an account statement, is a record that summarizes all of an account's transactions for a given month and is normally issued by the bank to the account holder each month.
The calculation of the bank statement's amount as of October 31, is:
Ending balance $18,282.83
Less: Outstanding cheques -$7,151.89
Add: Interest received $19.09
Less: Service charged -$15
Reported balance $11,135.03
To get the stated total, we simply added the remaining goods to the ending balance after subtracting the outstanding cheques and service fees.
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Describe how the economic system would affect entrepreneurs in the country.
The Economic System has a very vital role in entrepreneurship.
An entrepreneur can put his/her entrepreneur skills into practice only when the economy is stable. It majorly depends on Demand and Supply factors, government policies, business environment.
By offering cutting-edge technologies, goods, and services, entrepreneurs stimulate economic growth. Existing businesses are forced to become more competitive due to increased entrepreneurship competition. Long-term and short-term job prospects are both created by entrepreneurs.
There is freedom of choice and free enterprise in a market economy. Private business owners are free to acquire and utilize resources for the production of goods and services.
Many people think of capitalism as an economic system in which private individuals own and control property according to their own interests, and where supply and demand freely determine market prices in a way that can best serve the needs of society. Profit-making is the primary driving force behind capitalism.
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the income statement answers which of the following questions? a. how profitable was the business? b. how much money did the owners invest? c. how much cash did the firm generate? d. how much money does the company owe?
Answer: How Profitable was the business?
Explanation:
the income statement indicates how much money the business accumulated
What type of analytics recommends one or more courses of action, identifies the likely outcome of each decision, and quantifies the effect of future decisions in order to advise on possible outcomes before the decisions are actually made?.
Prescriptive analytics make decision one or more courses of action, identifies the likely outcome of each decision, before the decisions are actually taken.
What is Prescriptive analytics?
Prescriptive analytics makes an effort to quantify the impact of future actions. It is a subset of data analysis that seeks to provide a solution to Through the examination of raw data, technology is used to assist organizations in making better decisions. Prescriptive analytics makes recommendations for a course of action or strategy based on knowledge about potential situations or scenarios, available resources, historical performance, and present performance. It may be applied to decision-making on any time scale, from the short term to the long haul. Descriptive analytics, on the other hand, assess choices and results after the event.
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ben makes an appointment for a $50 haircut, buys a bike for $250, and agrees to work for coding associates for one year for $5,000 per month, starting at the beginning of next month. to be enforceable, a writing is required for
Ben makes an appointment for a $50 haircut, buys a bike for $250, and agrees to work for coding associates for one year for $5,000 per month, starting at the beginning of next month. to be enforceable, a writing is required for the employment agreement.
A collateral settlement is one wherein one person (the guarantor) has the same opinion to pay the debt or duty that a 2nd person (the most important debtor) owes to a 3rd person (the obligee) if the most important debtor fails to perform.
Statutes that exist in each kingdom which require that sure styles of contracts are enforceable simplest if the settlement is in writing or evidenced with the aid of using a written memorandum or digital report this is signed.
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siskiyou, inc. has total current assets of $1,200,000; total current liabilities of $500,000; long-term assets of $800,000; and long-term debt of $600,000. how much is the firm's total equity?
The total equity of Siskiyou, inc. is $900,000.
What is total equity?Entire assets minus total liabilities equals equity. A company's balance sheet will contain all of these numbers.
The sum that investors put in a firm in return for stock, plus all future profits realized by the company, less all future dividends paid out, is referred to as total equity.
Total equity =( current assets + long term assets) - (long term debt + current liabilities)
= 2,000,000-(500,000+600,000)
= $900,000
Hence, The total equity of Siskiyou, inc. is $900,000.
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what are the characteristics of a high-performance work system approach to hrm? (choose every correct answer.)
The characteristics of a high-performance work system approach to HRM are A, C and D:
Focuses on collective levels of human and social capitalEnhances the performance of all employees systematicallyImproves employee motivation and opportunitiesHigh work performance system: what is it?A high-performance work system is a collection of HRM techniques intended to advance employees' abilities, motivation, and engagement in order to give a company a long-term competitive advantage.
Note that Increased employee commitment leads to improved organizational performance because high performance work systems have an impact on and align employees' attitudes and behaviors with the organization's strategic goals (Schuler and Jackson, 1987).
An example of High Performance Work System Practices (HPWS) are:
Ensuring Employee Security, Strict Selection, Decentralized Decision-Making, High Results-Based Compensation, Training by Commitment, Abolishing Status Barriers, Sharing Key Information.Learn more about high-performance work from
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See options below
Focuses on collective levels of human and social capital
Be good to all
Enhances the performance of all employees systematically
Improves employee motivation and opportunities
suppose chile uses one unit of labor to produce a banana and three units of labor to produce an avocado. suppose argentina uses two units of labor to produce a banana and one unit of labor to produce an avocado. in this case, chile:
Suppose Argentina uses two units of labor to produce a banana and one unit of labor to produce an avocado. in this case, Chile has a comparative advantage in producing banana.
Argentina is an emerging nation. After Brazil, its economy is the second-largest in the entire continent of South America.
Argentina benefits from a diverse industrial foundation, abundant natural resources, a highly educated populace, and an agricultural sector focused on exports. Argentina's economic performance has traditionally been quite erratic, with periods of rapid expansion and severe recessions interspersed, especially since the late twentieth century. Since then, poverty and unequal income distribution have risen. Argentina had one of the top ten greatest per capita GDPs worldwide at the start of the twentieth century. In addition to being superior to France and Italy, it was on level with Canada and Australia.
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4.if the change in gdp in south korea from 2016 quarter 3 to 2016 quarter 4 was 1.6%, then we may conclude that the s.a.a.r for gdp in the same period was a.1.6%, because s.a.a.r. measures quarter-to-quarter growth b.3.2%, because s.a.a.r. measures the upper limit of current gdp growth c.one-fourth of 1.6%, or 0.4%, because s.a.a.r. removes all annualized data d.four times 1.6%, or 6.4%, because s.a.a.r. annualizes quarterly data
Because s.a.a.r. annualizes quarterly statistics, if the change in South Korea's GDP from 2016 Quarter 3 to 2016 Quarter 4 was 1.6%, we can infer that the s.a.a.r. for the same period was 4.6%.
A rate adjustment known as a seasonally adjusted annual rate (SAAR) is used to try to eliminate seasonal changes in economic or commercial statistics, such as sales figures or employment figures. In the past, coal and coke were abundant in the Saar and Ruhr districts. This attracted the steel industry, which is crucial for making weapons. The market worth of all the finished goods and services that nations produce and sell in a certain time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character. The USA is by far the largest economy in our ranking for 2021, with a GDP of $23.0 trillion USD. With a GDP of 17.7 trillion USD, China comes in second position.
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