Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ratio is 10.00%, and the Federal Reserve wants to increase the money supply by $20.00 million, the Fed would need to make an open market purchase of $_______ million. (Insert your answer in millions, and round to two decimal places.)
Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ratio is 25.00%, and the Federal Reserve wants to decrease the money supply by $70.00 million, the Fed would need to make an open market sale of $________ million. (Insert your answer in millions, and round to two decimal places.)
Suppose that banks decide to hold excess reserves. In order for the Federal Reserve to change the money supply by the same amounts as in parts 1 and 2, it would need to make
Choose one:
A. a larger open market purchase and a larger open market sale.
B. a smaller open market purchase but a larger open market sale.
C. a larger open market purchase but a smaller open market sale.
D. a smaller open market purchase and a smaller open market sale.

Answers

Answer 1

Amount of open market purchase = targeted increase in money supply / money multiplier

Money multiplier = 1 / reserve requirement

1/ 0.05 = 20

$35 million / 20 = $1.75 million

Amount of open market sale = $75 million / 20 = $3.75 million  

What occurs if a bank has no surplus reserves?

We'll assume that banks try to maintain no excess reserves because they receive relatively low return on their reserves that are deposited with the Federal Reserve. A bank's excess reserves are lent up once they reach zero.

What happens if a bank has to retain more money in reserve? Does it have less money for operations and loans?

The quantity of money that banks can lend is decreased when the reserve requirement is increased.

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Related Questions

One of the most important uses of sales promotion techniques is to encourage consumers to try a new product or service. True or False

Answers

True. To persuade customers that try a new good or service is one of the most crucial applications of sales marketing strategies.

What are an example and a technique?

A technique is a method of carrying out a task or carrying out an action. You might use your teeth to pry the top off of drinks to open them. If that is so, your dentist had better have a reliable method for mending teeth. Skill can also be employed to denote a person's mastery of the fundamentals of a certain task. Technique can also be employed to denote a person's mastery of the fundamentals of a certain task.

What are the methods' techniques?

A technique is a way or aptitude for completing a certain task. A teacher may employ the strategy of using a brief physical activity to divert a class from its distraction and get everyone to complete.

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income statement and balance sheet data for great adventures, inc., are provided below. great adventures, inc. income statement for the year ended december 31, 2022 net sales revenues $ 180,870 interest revenue 280 expenses: cost of goods sold $ 39,300 operating expenses 61,160 depreciation expense 18,050 interest expense 8,780 income tax expense 15,300 total expenses 142,590 net income $ 38,560

Answers

After deducting all of these expenses, the company had a net income of $38,560 for the year. Great Adventures Inc. had net sales revenues of $180,870 for the year ended December 31, 2022. This was offset by expenses of $142,590.

It included cost of goods sold of $39,300, operating expenses of $61,160, depreciation expense of $18,050, interest expense of $8,780 and income tax expense of $15,300.

The balance sheet for Great Adventures Inc. for the year ended December 31, 2022 showed total assets of $242,510 and total liabilities of $190,570. This resulted in total equity of $51,940 for the company. This equity was made up of common stock of $5,190, retained earnings of $45,750, and other comprehensive income of $1,000.

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Respond to all parts of the question. In your response, use substantive examples where appropriate.Use the chart to answer the following questionsA. Identify the category with the largest amount of mandatory spending, according to the chart.B. Describe the difference in spending between the mandatory and discretionary categories, according to the chart.

Answers

Mandatory spending requires government expenses on programs mandated by law. Social Security and Medicare are the largest mandatory programs the U.S. government has to pay for.

Social programmes like Medicare, Medicaid, and Social Security account for the majority of federal spending. Defense is much behind in importance.

These programmes' benefits are included in the mandated spending of the federal government because the Social Security Act, which authorised them, requires that we do so. Congress determines funds for our administrative budget even though they do not determine the benefits we pay out each year.

Mandatory expenditure typically, but not always, is ongoing; it happens every year absent a change in the underlying law that supplies the cash. Conversely, Congress must take action each year to authorise the financing for discretionary spending through an appropriations bill.

There is no need for Congress to vote each year to approve this kind of spending. Spending discretionary money is the second important category. Spending can be classified as either required or discretionary depending on whether it is governed by current law or put to a vote during the annual appropriations process.

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If the utility you derive from your next dollar of wealth increases by less than a loss of a dollar reduces it, you are exhibiting
Multiple Choice a. loss aversion b. regret avoidance c. mental accounting
d. framing bias

Answers

If the utility you obtain from your next dollar of wealth increases by less than a dollar's loss reduces it, you are demonstrating loss aversion.

Therefore, Option A is accurate.

According to the behavioral economics idea of loss aversion, people would rather avoid losses than make profits that are on par with losses. To put it another way, the joy of finding $10 outweighs the sorrow of losing $10. A phenomenon where people believe a real or potential loss to be psychologically or emotionally worse than a corresponding gain is known as "loss aversion" in behavioral economics.By following these parameters it can be assumed that loss aversion is the right answer

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TRUE/FALSE. in 1929 the u.s. stock market fell which in turn caused a widespread loss of confidence and a collapse in investment spending, followed by rising inflation.

Answers

The stock market crash of the year 1929 was a collapse of stock prices that began on 24th October 1929. By 29th October 1929, the Dow Jones Industrial Average had dropped by 30.57%, marking one of the worst in the history of the U.S.

It destroyed confidence in Wall Street markets and led to the Depression.

The first day of the crash was Black Thursday. The Dow opened at 305.85. It immediately down by 11%, signaling a stock market correction. Trading was triple the normal volume. Wall Street bankers feverishly bought shares to prop it up. The strategy worked nicely.

On Friday, 25th October the positive momentum continued. The Dow rose by 0.6% to 301.22.

On Black Monday, 28th October the Dow fell by 13.47% to 260.64.

On Black Tuesday, 29th October the Dow fell by 11.7% to 230.07.1 According to a New York Times article published a day later on 30th October 1929, panicked investors sold an unprecedented number of shares, 16,410,030 to be exact.

Black Monday and Tuesday were among the four worst days in the US. history.

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A manufacturing company is considering acquiring a new injection-molding machine at a cost of $150,000. Because of a rapid change in product mix, the need for this particular machine is expected to last only eight years, after which time the machine is expected to have a salvage value of $10,000. The annual operating cost is estimated to be $11,000. The addition of the machine to the current production facility is expected to generate an annual revenue of $48,000. The firm has only $100,000 available from its equity funds, so it must borrow the additional $50,000 required at an interest rate of 10% per year with repayment of principal and interest in eight equal annual amounts. The applicable marginal income tax rate for the firm is 25%. Assume that the asset qualifies for a seven-year MACRS property class. 2 3 Click the icon to view the MACRS depreciation schedules. Click the icon to view the interest factors for discrete compounding when i = 14% per year. (a) Determine the after-tax cash flows. Fill in the table below. (Round to one decimal place.) Period Net After-Tax Cash Flow $ thousand $ thousand $ thousand

Answers

The after-tax cash flows can be seen in the attachment. After-tax cash flows are important for businesses and investors because they provide a measure of the amount of cash that is available for use after taxes have been paid.

After-tax cash flows refer to the amount of cash that is generated by a business or investment after taking into account the payment of taxes. These cash flows represent the amount of money that is available to be used for various purposes, such as reinvesting in the business, paying dividends to shareholders, or paying off debt.

To calculate after-tax cash flows, you need to first determine the pre-tax cash flows, which are the cash flows generated by the business or investment before taxes are taken into account. Then, you need to subtract the amount of taxes that will be paid on those cash flows.

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if a firm is found guilty of achieving a monopoly through anticompetitive actions, then which of the following may occur?

Answers

The firm may be broken into two or more competing firms and it may be expressly prohibited from engaging in business activities, on being found guilty of achieving a monopoly through anticompetitive actions.

The term "single firm behavior" is used as a shorthand for a firm with strong and enduring market power, that is, the long-term ability to raise prices or remove competitors. Courts do not require a physical monopoly before applying rules for single-firm conduct. This context defines a "monopolist" as a company with sizable and long-lasting market power.

The antitrust laws forbid actions taken by one company that unduly stifle competition by establishing or preserving monopoly power. It is incompatible with harnessing competition to promote economic progress to outlaw the mere ownership of monopolistic power.

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The United States is a large country. It produces two goods, beers and brooms. It imports beers from Mexico and exports brooms to Mexico. Mexico is a small country. It produces two goods, beers and brooms. It imports brooms from U.S. and exports beers to U.S.If U.S. imposes a tariff on beer imports from Mexico,the trade volume falls and the terms of trade increases for U.S.

Answers

The United States is a large country. Imposes a tariff on beer imports from Mexico,the trade volume falls and the terms of trade increases for U.S.

A tariff is a tax that a government imposes on goods and services that are imported from other nations in order to raise prices and reduce the appeal of imports, or at the very least their competitiveness, compared to domestic products and services. Tariffs are typically established to limit commerce with certain nations or to lower imports of a certain range of products and services.

For instance, the American government could impose a 50% tariff on Italian leather handbags in order to deter consumers from buying them by raising the cost of domestically produced handbags at a lower price. The government anticipates that the higher price will significantly reduce consumer demand for imported items.

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FILL IN THE BLANK. ill clinton helped create a large free market among canada, the united states, and mexico with ratification of the treaty.

Answers

Bill Clinton helped create a large free market between Canada, the United States and Mexico by ratifying the NAFTA treaty.

Why did NAFTA bring losses?

instead of improving the trade balance with Canada and Mexico, NAFTA led to a surge in imports, leading to a huge new trade deficit between the US and his NAFTA. The US Department of Labor has determined that over 980,000 specific US jobs have been lost to NAFTA's flood of outsourcing and imports under just one draconian program.

Who Benefits from NAFTA?

Free-trade advocates generally point to lower prices for consumer goods as one of the main benefits of lower tariffs for American citizens. The average American benefits from lower prices as a result of NAFTA.

What is the purpose of the NAFTA Agreement?

This agreement entered into force on January 1, 1994. The goal of NAFTA is to remove all tariff and non-tariff barriers to trade and investment between the United States, Canada and Mexico.

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Zhang Industries sells a product for $800. Unit sales for May were 800 and each month's sales are expected to exceed the prior month's results by 2%. Compute the total sales dollars to be reported on the sales budget for month ended June 30. $627,200. $644,200. $652,800. $640,000. $768,000.

Answers

As per the sales, the total sales dollars to be reported on the sales budget for month ended June 30 is $652,800

Here we have given that Zhang Industries sells a product for $800. and we need to find  the total sales dollars to be reported on the sales budget for month ended June 30.

As we looking into the given question, we have identified the values of the following,

=> Unit sales price = $800

=> Units sold in May = 800 units

And the Total sales in May is calculated as

=> $800 * 800 units = $640,000

Here we know that Sales in next month are higher by 2% of the previous month.

So, it can be calculated as,

=> 800 x 2/100 = 16

Then the total sales on June is calculated as,

=> (800 + 16)  x 800

=> 816 x 800

=> $652,800

Therefore, option (C) is correct.

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A feasible region is the space where none of the constraints are violated and the best solution within the feasible region is the optimal solution. t/f

Answers

It is true that a feasible region is a space where no constraints are violated and the optimal solution within the feasible region is the optimal solution.

What is feasible region and its importance?

A feasible region is defined by a set of coordinates satisfying a system of inequalities. This region occurs where the shaded areas of all inequalities in the graph overlap. The region satisfies all the constraints imposed by the linear programming scenario. The concept is base on  optimization technique.

Finding feasible area is important because the vertices (corners) of that range are the points you need to test to see if they lead to the maximum or minimum value you want in your question.

What distinguishes feasible regions and unfeasible regions?

Feasible area are defined as values ​​that satisfy a certain constraint (minimum and maximum values, or range of values ​​in the LP equation). On the other hand, if the constraint is not satisfied by the LP equation, it falls into the unfeasible range.

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mr. and mrs. golding own 13,850 shares in ptj mutual fund. this year, they received a $6,390 cash distribution from ptj. which of the following statements is false? multiple choice some or all of the distribution may be a capital gain distribution. some or all of the distribution may be a qualified dividend. some or all of the distribution may be ordinary income. none of these statements are false.

Answers

The cash distribution received by Mr. and Mrs. Golding from PTJ mutual fund may be a capital gain distribution or qualified dividend distribution or may be ordinary income. Thus, none of the statements are false.

What is a mutual fund?

In order to invest in securities such as stocks, bonds, money market instruments, and other assets, mutual funds aggregate the funds from shareholders. Professional money managers run mutual funds, allocating the assets and attempting to generate capital gains or income for the fund's investors.

The cash distribution by a mutual fund can be a capital gain distribution that is a cash payment made by a mutual fund to fund owners. If a mutual fund holds a capital asset for more than one year and then sells it, the fund usually passes on the profit to us as a capital gains distribution.

The cash distribution can also be a regular dividend distribution or a ordinary income distribution by the mutual fund.

Therefore, none of the statements in the options are false.

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TRUE/FALSE. become(s) a part of the physical product and consist(s) of either finished items ready for assembly or products that need little processing before assembly.

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Component parts become a part of a physical product and consist of either finished items ready for assembly or products that need little processing before assembly.

Component parts are smaller parts/materials that are used to build a larger product. They can be finished items ready to be assembled, or they may require some additional processing before they can be assembled. In either case, component parts are a critical part of the manufacturing process, as they are used to create the final product.

Component parts can be made from metal, plastic, wood etc. They can be produced through manufacturing processes, such as molding, casting, and machining. The specific component parts and manufacturing processes used will depend on the requirements of the final product and the materials and technologies available. By ensuring that component parts are of high quality and fit well together, manufacturers can reduce the risk of defects and improve the overall performance of the final product.

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Joseph is working on his personal brand. After asking himself questions about his strengths, he's determined that his selling points are his enthusiasm and ability to learn quickly. He's now ready to write his tagline. Which tagline would be best for Joseph? O Quick learner, enthusiastic worker O Learns quickly and approaches all tasks with great enthusiasm O Compensating for weaknesses with enthusiasm and quick learning

Answers

Answer:

Quick learner, enthusiastic worker

Explanation:

Calculate the income needed based on the following budgeted expenses.
Month _______
Budgeted Amount
Rent
$350
Utilities
$100
Food
$150
Entertainment
$75
Bus Pass
$25
College Savings
$300
a.The income would need to be at least $1000.
b.The income would need to be at least $950.
c.The income would need to be at least $1125.
d.The income would need to be at least $850.

Answers

According to the given scenario, the correct answer would be Option A. The income would need to be at least $1000.

Budgeted expenses is given that;

Rent-$350 / Utilities-$100 / Food-$150 / Entertainment-$75 / Bus Pass-$25 / College Savings-$300

To get the minimum income, we will add all Budgeted expenses.

So Minimum income would be: 350+100+150+75+25 = 1000

So, Minimum income would at least $1000.

What is income ?

Income, which is typically stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration. Conceptually, income is hard to define, and different fields may have distinct definitions.

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one of the most successful flagship projects, from the perspective of the public sector, has been investments in sports stadiums. t/f

Answers

The public sector has viewed investments in sports stadiums as one of its most notable flagship projects. It is true.

stadium: an enclosure containing a big amount of spectator seating as well as a wide area for sporting events and other shows. The name is derived from the Greek term for length, the stade, which refers to the distance covered in the first Greek footraces (about 600 feet [180 metres]). Since the footrace course at the ancient Olympic Games at Olympia was exactly a stade in length, the word for the unit of measurement was first applied to the footrace and then to the venue. The stadium plays a crucial role in 20th-century construction technology as a sort of structure.

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A
problems:
1. Calculate the net present value (NPV) of the following cash flow stream if
the required rate is 12%:
Insert your NPY calculation

Answers

The net present value of the cash flow stream with a required rate of 12% for 5 years is $-13,700.

What is the net present value?

The net present value is the difference between the present value of cash outflows and the present value of cash inflows.

The present value is the discounted future cash flows at an interest rate.

Cash outflow in Year 0 = $230,000

Annual cash inflows, Years 1 - 5 = $60,000 each

Period of project = 5 years

Required rate of return = 12%

Annuity factor for 5 years at 12% = 3.605

Present value of $60,000 annuity for 5 years = $216,300 ($60,000 x 3.605)

Net present value (NPV) = $-13,700 ($216,300 - $230,000)

Thus, this project yields a negative net present value (NPV) of $13,700 and should be rejected.

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Question Completion:

Year                    0               1               2               3               4               5

Cash Flow   (230,000)   60,000   60,000    60,000    60,000    60,000

rodriguez company completed its income statement and comparative balance sheet for the current year and provided the following information: income statement for current year service revenue $ 52,000 expenses salaries $ 41,900 depreciation 7,700 amortization of copyrights 220 other expenses 10,500 60,320 net loss $ (8,320) partial balance sheet current year prior year accounts receivable $ 9,600 $ 16,400 salaries payable 14,300 1,500 other accrued liabilities 2,700 6,000 in addition, rodriguez bought a small service machine for $5,600. required:

Answers

The net cash flow from operating activities is $15,900  as per the cash flow statement.

What is a cash flow statement?

The cash flow statement is the financial statement that records the inflow and outflow of cash from the company or the business. This statement is important as it is used for investment or borrowing decision-making by the managers of the company.

The operating activities section of the cash flow statement for Rodriguez Company is calculated as-

Net Loss                                                                                      $(8,320)

Adjustments:

Depreciation expense           $7,700

Amortization of copyright       $220                                            $ 7,920

Change in working capital    

Decrease in accounts receivable  $6,800

Increase in salaries payable            $12,800

Decrease in other current liabilities  $ (3,300)                           $16,300

Net cash flow from operating activity                                        $15,900

Therefore $15,900 is the net cash flow from operating activities.

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Your question is incomplete, but most probably the full question was,

Rodriguez company completed its income statement and comparative balance sheet for the current year and provided the following information: income statement for current year service revenue $ 52,000 expenses salaries $ 41,900 depreciation 7,700 amortization of copyrights 220 other expenses 10,500 60,320 net loss $ (8,320) partial balance sheet current year prior year accounts receivable $ 9,600 $ 16,400 salaries payable 14,300 1,500 other accrued liabilities 2,700 6,000 in addition, Rodriguez bought a small service machine for $5,600. required:

1. Present the operating activities section of the statement of cash flows for Rodriguez  Company using the indirect method.

information technology has enhanced the effectiveness of relationship marketing by leveraging mass-marketing campaigns.

Answers

The statement is false : information technology has enhanced the effectiveness of relationship marketing by leveraging mass-marketing campaigns.

Information technology, sales, and marketing are increasingly collaborating. Over the past ten years, technological advancements have had a significant impact on people's lives and businesses, placing many B2B marketers in a wonderful world of so much technology.

However, with so much marketing technology available and the majority of B2B marketers lacking Information technology skills, the collaboration between marketing, sales, and Information technology teams is even more crucial.

Information technology and marketing have a very recent link. In fact, before technology improved, Information technology teams were assisting businesses with robotics in warehouses just ten years ago.

The needs of marketers and their interaction with information technology changed along with technology.

Since the advent of marketing technology, or more specifically "the MarTech stack," the marketing division has served as the hub for integrating all organizational tools. The majority of marketing professionals are continually attempting to catch up because of how quickly everything transpired.

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one tip for building well-reasoned business positions is to slip in some faulty cause/effect claims.

Answers

This assertion is accurate. Avoiding false cause-and-effect claims is one piece of advice for developing well-supported business positions.

What does the fallacy of false cause and effect mean?

This misunderstanding assumes that events flow in a linear fashion. It is common for readers to mistake a time connection for a cause-and-effect relationship. EXAMPLES: When I wash my automobile, it always pours. We made a ton of cash at our garage sale prior to Joan's arrival.

Why is avoiding fallacies when forming opinions so important?

The open, mutual exchange of ideas that is necessary for effective conversation is prevented by falsehoods. These fallacies mislead your audience by using a lot of rhetorical arguments rather than using strong logic.

When you are familiar with fallacies, you may recognize these errors in other people's arguments and avoid making them in your own. You'll also have a helpful tool for analyzing and describing arguments if you know how to classify and define the numerous common fallacies.

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what can you do to effectively navigate a panel interview? check all that apply. maintain eye contact with the questioner as well as with others. prepare basic biographical information about each interviewer. target all your answers toward the person on the panel who would be your supervisor. talk to the human resources representative. make sure you meet with two or more interviewers on a one-on-one basis.

Answers

Effectively navigate the panel interview, maintain eye contact with the questioner as well as with others, prepare basic biographical information about each interviewer, and make sure you meet with two or more interviewers on a one-on-one basis. Thus, option A, B, and D is correct.

What is a  panel interviews?

A panel interview is a particular kind of discussion wherein the one candidate is interviewed by a number of interviewers, typically from several areas in the business, such as the prospective employer and a person of the personnel recruiting team.

Maintaining visual contact with both the interviewer but also with the remaining panelists, preparing a brief bio about every interviewer, and trying to ensure you speak with three or more investigators yet another are all things you can to safely navigate this same panel interview.

Therefore, option A, B, and D is the correct option.

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economists who stress the importance of aggregate demand and generally believe that the economy needs help in moving back to full-employment equilibrium

Answers

Keynesian economists emphasize the significance of aggregate demand and generally hold that assistance is necessary for the economy to return to the full-employment equilibrium.

Keynesian economists are adherents of the school of thought known as Keynesian economics, which takes its name, theories, and guiding principles from John Maynard Keynes, a British economist widely regarded as the father of modern macroeconomics.

The term "Keynesian economics" is used to describe the idea that the best possible economic performance could be attained—and economic downturns could be avoided—by influencing aggregate demand through governmental economic intervention.

Keynesian economists think that such intervention can lead to price stability and full employment.

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which of the following event management skills would be characterized by the process by which a meeting planner and supplier reach an agreement on the terms and conditions that will govern their relationship?

Answers

Negotiating Skills event management skills would be characterized by the process by which a meeting planner and supplier reach an agreement on the terms and conditions that will govern their relationship.

An settlement is a manifestation of mutual assent by way of or extra men and women to each other. it's far a meeting of the minds in a commonplace goal, and is made via provide and popularity. An agreement can be proven from words, behavior, and in some cases, even silence. agreement manner that sentence elements fit. subjects have to consider verbs, and pronouns should accept as true with antecedents. Singular subjects need singular verbs; plural subjects need plural verbs. In grammar, wide variety refers to the two sorts of a phrase: singular (one) or plural (multiple).

A contract is an agreement, however an agreement isn't always a settlement. An settlement can be casual or it is able to be written; a contract may be verbal or written, however a settlement will always be enforceable if it includes positive necessities.

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standard cost per output unit for each variable direct cost input is calculated by multiplying . question 1 options: actual input allowed for one output unit by standard price per input unit actual input allowed for one output unit by actual price per input unit standard input allowed for one output unit by standard price per input unit standard input allowed for one output unit by actual price per input unit

Answers

one output unit is permitted by the standard input at the usual price per input. standard cost For each variable direct cost input, the standard cost per output unit is derived by multiplying the developed.

for a period by the expected production. A standard cost is an estimated expense that normally occurs during the production of a good or the delivery of a service. To put it another way, standard cost is the projected amount of money a company will need to spend in order to produce a good or offer a service under ordinary conditions. Paying rent, utilities, insurance, office staff salaries, and other obligations are a few examples. the standard fixed.

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ANSWER RIGHT DA F NOW

a document from a magazine editor that provides the details on the topic, structure, length, and tone of the story, as well as the deadline and the fee you will be paid. What is that called?

A.
pitch
B.
portfolio
C.
assignment
D.
clip

Answers

A document from a magazine editor that provides the details on the topic, structure, length, and tone of the story, as well as the deadline and the fee you will be paid, is called a Pitch. Thus the correct option is A.

What is a magazine?

A magazine is a type of book that incorporates information from several categories, such as recipes, travel blogs, cutting-edge concepts from various cultures, and the significance as well as fashion advice for professionals and celebrities.

A pitch is a visual presentation that gives investors crucial details about your business plan, products or services, and important metrics like capitalization, marketing objectives, and financial targets.

Therefore, option A is appropriate.

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when opening a margin account for a new customer, the registered representative would be most concerned if the individual

Answers

When opening a margin account for a new customer, the registered representative would be most concerned if the individual does not have a savings account.

A "margin account" is a specific kind of brokerage account where the broker-dealer lends the investor money to buy securities while using the account as collateral. While margin gives investors more purchasing power, it also exposes them to the possibility of bigger losses.

The borrowed funds are subject to interest charges by the brokers. Additionally, in order to be able to trade on margin, a minimum fixed dollar amount must be kept in the account, which is known as a maintenance margin.

The account's entire equity, which includes cash and the value of any securities, is subtracted to determine the minimum margin need. Consequently, a person needs to have a savings account.

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on november 1, 2021, taylor signed a one-year contract to provide handyman services on an as-needed basis to king associates, with the contract to start immediately. king agreed to pay taylor $3,600 for the one-year period. taylor is confident that king will pay that amount, but payment is not scheduled to occur until 2022. taylor should recognize revenue in 2021 in the amount of
$0.
$640.
$1,920.
$3,840

Answers

If on November 1, 2021, Taylor signed a one-year agreement to offer handyman services as needed to King Associates, Taylor should report income in the amount of $640 in 2021.

Since there is no doubt about the amount of the payment to be received, the contract is eligible for revenue recognition in 2021.

For two months of the deal, Taylor will have to report revenue in 2021.

Revenue to be recognized is 3840 * 2/12 = 640

The appropriate choice is Option B, $640.

Revenue, which is determined as the average sales price multiplied by the quantity of units sold, is the money made from regular business operations. To calculate net income, expenses are deducted from the top line's (or gross income) total. In the income statement, revenue is referred to as sales.

A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.

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money is used as a unit of account. this means group of answer choices money cannot store value for use in the future. money is used to measure the exchange value and costs of goods, services, assets and resources. money has little or no intrinsic value. money is dependent on the quantity of gold held by the federal reserve.

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Money is used as a unit of account. Money is used to measure the exchange value and costs of goods, services, assets and resources.

When economists say that cash serves as a unit of account, they suggest that it is: a economic unit for measuring and evaluating the relative values of products. When economists say that cash serves as a shop of fee, they suggest that it is: a manner to preserve wealth in a with no trouble spendable shape for destiny use.

As a unit of account, cash is used to specific the fee of products and services. This characteristic of cash promotes financial performance and minimizes transaction fees via way of means of casting off the want of expressing the fee of every commodity in phrases of each different commodity. Unit of account. A unit of account in economics is a nominal economic unit of degree or forex used to symbolize the actual fee (or cost) of any financial item, i.e. goods, services, assets, liabilities, income, expenses.

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when changes to the database that a transaction imposes are not revealed to the user until the transaction is completed then it is considered isolated. t/f

Answers

When the user is not informed of any database changes until the transaction is finished, it is said that a transaction is isolated.

An aborted transaction must not change the database's state in order to maintain the atomicity characteristic. Therefore, any modifications to the database that the failed transaction made must be reversed. We refer to a transaction as having been rolled back once the modifications brought about by an aborted transaction have been undone. Commits are used by transaction processing to regulate database activities. Commands to the database are known as commits. You can set up transactions to be committed manually or automatically. When modifications are made, an auto commit transaction promptly and permanently publishes the changes to the database. This level of isolation is the strictest. The transaction retains write locks on all rows it adds, modifies, or deletes as well as read locks on all rows it references.

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Kaplan and Schoar found which of the following with respect to private equity firms?
- Growth in the industry
- Decline in the industry
- Persistence in returns
- All of the above
- None of the above

Answers

Kaplan and Scholar found of the following with respect to private equity firms Persistence in returns.

What returns are private equity firms looking to achieve?

The average net IRR ranges from 20% to 25%. This would equate to a gross IRR of between 25% and 30%, in line with the expectations set by the PE investors.

What kind of strategy falls under the umbrella of private equity?

Venture capital, growth equity, and buyouts are the three primary categories of private equity strategy. Each of these techniques has a role in the life cycle of an organization even if they don't compete with one another and require different abilities to succeed.

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