It was important for the owners at the time to get permits to do the addition because if the addition was not permitted, it may need to be inspected to ensure it meets code and perhaps even be take down.
What is addition construction?Any improvement that increases the square footage of a building is considered an addition. Any walled and roofed addition to an existing building that is connected by a shared load-bearing wall other than a firewall is referred to as an addition.
The types of building codes are-
International Building Code (IBC)International Residential Code (IRC),Electrical codes and plumbing, Mechanical codes.Thing to know before adding an addition to house-
Property Lines, Impact on Existing Architecture, Scope of Work, Required Materials,Permits, Permissions, and Inspections,Your goal is to be clear,Local building regulations.,Your contractor, Design.Therefore, building codes are the minimal standards for design and construction that guarantee sturdy and secure structures. By strengthening structures to survive calamities, these codes lower the number of fatalities, expenses, and damage.
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The factor of increase in the money supply that occurs with each dollar of increase in reserves is called:
The factor of increase in the money supply that occurs with each dollar of increase in reserves is called money multiplier.
What is money multiplier?
Money multiplier determines how much money would increase when there is a change in the reserves. The money multiplier is a function of the reserve requirement. The reserve requirement is the percentage of deposits that must be kept as reserves with the Central Bank.
Money multiplier = 1 / reserve requirement
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Which descriptions about simple interest and yearly compounded interest are true? Check all that apply.
Only compound interest has an exponent in its formula.
Simple interest is earned on principal and interest.
Compound interest earns more money than simple interest at the same rate for the same amount of time.
Simple interest earns more money than compound interest at the same rate for the same amount of time.
Simple interest is only earned on the original principal investment.
Only compound interest earns the same interest amount every year.
Only simple interest uses time in its formula.
Compound interest is earned on principal and interest.
Descriptions about simple interest and yearly compounded interest are true are :
Only compound interest has an exponent in its formula.Simple interest is only earned on the original principal investment.Compound interest is earned on principal and interest.What is simple interest and compound interest?Simple interest is the one that the calculation is based on principal, or of a loan.
Compound interest is base on principal amount as well as the accumulated interest of previous periods.
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Society gains advantages through trade because of its ability to:
Society gains advantages through trade because of its ability to refine tasks that are connected with production and specialize resources to the uses where opportunity cost is minimized.
What is trade?Trade can be defined as the exchange of goods and service or the act of buying and selling.
Hence, Society tend to gains advantages through trade based on the fact that its ability to refine tasks that are associated with production as well as specialize resources to the uses where opportunity cost are reduced or minimized.
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The _____________ holds that a rise in price level will make domestic goods relatively more expensive, ____________ exports and _______________ imports. interest rate effect; encouraging; discouraging employment effect; discouraging; encouraging wealth effect; encouraging; discouraging foreign price effect; discouraging; encouraging
The foreign price effect holds that a rise in price level will make domestic goods relatively more expensive, discouraging exports and encouraging imports.
How can a country increase exports and decrease imports?By depreciating the home currency, exports can be increased while imports are decreased. In order to lower the cost of domestic goods and services and ultimately boost net exports, governments weaken their currencies.
What will force an increase in the price of a product?Increased output and higher cost levels will compel an increase in the product's pricing.
What is the meaning of domestic goods?The state of the nation: Expect higher product costs in the near future. In recent weeks, stories about soaring food prices have dominated the news. Green vegetables and other fresh food have reportedly seen a 200 percent price increase, while basic essentials like chicken and eggs have also gone up in price.
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If a country is producing efficiently, it will produce __________ its production possibilities curve. If a country is producing inefficiently, it will produce __________ its production possibilities curve.
The answer is on and below.
In economics, the maximum output of two items with a certain quantity of input is measured by a production possibilities curve. The four variables of production—natural resources (including land), labor, capital goods, and entrepreneurship—combine to make up the input.
The PPF illustrates that a rise in one commodity's production can only occur when the output of the other commodity falls. Managers may use the PPF as a tool for making decisions when determining the best product mix for their organization.
Therefore, the first blank will be filled by on and second by below.
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Dynamic Resources reported the following information for year ending June 30, 2016 (values in millions): Plant, Property & Equipment, gross $3,000 Accumulated Depreciation 1,400 Plant, Property & Equipment, net 1,600 Salvage Value 200 The company also reported the following transactions on the first day of fiscal 2017: Sale of asset with gross PP&E of $600 million for $500 million and useful life of 3 years and no salvage value. Recorded a gain on sale of $300 million. Write off of asset with gross PP&E of $400 million. Asset was purchased 3 years ago with original useful life of 4 years and salvage value of $200 million. Purchase of new equipment for $1,400 million with useful life of 8 years and no salvage value. Assuming the remaining useful life of other equipment is 10 years on a straight-line basis, what is the net PP&E as of June 30, 2017?
Based on the various entries for fixed assets owned by Dynamic Resources, the net PP&E as of June 30, 2017 is $2,260 million.
How much is the PP&E as of June 30, 2017?This can be found as:
= (Value of old assets - Old asset depreciation in 2017) + (Value of new assets - New asset depreciation in 2017)
Value of old assets:
= 1,600 - 200 for sale of assets - 250
= $1,150 million
Net PP&E is:
= (1,150 - (1,150 / 10 years)) + (1,400 - (1,400 / 8 years useful life))
= $2,260 million
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The distinction between a condition precedent and a condition subsequent a. is important because it determines whether the burden of proof is beyond a reasonable doubt or preponderance of the evidence. b. is important because it determines whether the condition must be express or whether it can be implied. c. seldom arises in insurance cases. d. determines who has the burden of proof
determines who has the burden of proof
A condition precedent is one the fulfillment of which completes an inchoate title. A condition subsequent is one of the fulfillments which extinguishes a title already completed
A condition precedent can either be implied or expressly stated in the terms of the contract.
What is Precedent Condition ?Condition precedent: an event that must occur (or be waived) before there is a duty to perform that contact on the part of the party in whose favor that condition runs.
What is Condition Subsequent ?A condition subsequent excuses contractual performance if some future event takes place or situation arises.
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What happens to the total quantity supplied when the price of the product drops below $100?
When the price of the product drops below $100
the total quantity supplied increase.
Why will the supply increase?According to the law of demand, when the price of a given commodity is high the consumer demand less of the product but when the price is low more quantity of the product is demanded as the demand increases this increase supply at that given point in time.
Therefore, When the price of the product drops below $100 the total quantity supplied increase.
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Assume both Paul and Cliff divide their time equally between the production of corn and wheat, and they do not trade. If they are the only producers of wheat and corn, then total production of wheat and corn is
The answer is 7 bushels of wheat and 7 bushels of corn.
Referring to the diagram in the attached image.
If both Paul and Cliff dedicate their time entirely to one crop.
Paul can grow 8 bushels of wheat and Cliff can grow 6 bushels of wheat
Or Paul can grow 10 bushels of corn and Cliff can grow 4 bushels of corn.
But If they divide their time equally between the two crops, each can grow half of each crop,
Then Paul will be growing 4 bushels of wheat and 5 bushels of corn.
And Cliff will be growing 3 bushels of wheat and 2 bushels of corn.
Total production = Paul's production + Cliff's production
= (4 bushels of wheat+5 bushels of corn) + (3 bushels of wheat+2 bushels of corn)
= (4+3) bushels of wheat + (5+2) bushels of corn
= 7 bushels of wheat + 7 bushels of corn
Hence, total production is 7 bushels of wheat and 7 bushels of corn.
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A mobile veterinary business, Portable Paws, Inc., created a mission statement long before it opened its doors for business. The mission statement referred to the unique characteristic of the business: a traveling pet unit whose veterinarians went to the home of the pet owner, rather than the pet owner bringing the pet to the clinic. What other criteria should be considered for the mission statement
Another criteria that has to be considered for the mission statement would be the customer that would be served and the social responsibility it owes to the environment.
What is a mission statement?This is a statement that is made by a company or and organization that tells us of their aims, obligations and their values.
One of these would be to serve customers efficiently and also operate in an efficient manner that would be beneficial to the environment.
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A legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds is called a(n):
A mortgage is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.
What is a mortgage?This refers to the legal agreement by which a bank or society lends its money at interest in exchange for taking title of the debtor's property with the typical condition that the conveyance of title becomes void upon the payment of the debt.
Often, these mortgage also gives the lender a right to be paid from the cash proceeds of the sale of a borrower's assets identified with.
Hence, it is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.
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Samantha and Bethany are purchasing their first home and reviewing the terms of a 15-year mortgage with their lender, Jim, at First Union Bank. Jim reviews the amount of the loan, the interest rate, the total amount of interest they will pay over the course of their loan, and the total amount of money that will be paid over time. Jim is required to provide this information, as it is federally mandated as part of the Truth in Lending Act that was passed in 1968 to protect consumers. Jim is doing what is _______ right by providing this information to Samantha and Bethany.
Jim is doing what is legally right by providing this information to Samantha and Bethany.
The Truth in Lending Act (TILA): What Is It?A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.
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Which of the following can result from inflation in the United States?
A. Currency exchange rates remain the same.
b. Investors buy products in other countries.
c. The price of goods in the United States falls.
d. The value of the U.S. dollar increases.
Answer:
Investors buy products in other countries (B)
Explanation:
Out of all the answers
(A) Currency exchange rates remain the same. No
(B) Investors buy products in other countries. YES
(C) The price of goods in the United States falls. No
(D) The value of the U.S. dollar increases. No
The reason why it is not A, B, or C. When inflation happens the currency exchange rates are lower cause our inflation The Price Of goods doesn't fall it actually rises, and the value of the dollar actually decreases due to inflation. It just makes sense for investors to buy from other countries where they can pay less for what they get here in the United States.
The result from inflation in the United States can investors buy products in other countries. The correct option is (b).
What do you mean by the inflation in USA?A loss of purchasing power over time, or inflation, means that your dollar will not buy as much as it did today. The annual change in prices for a basket of goods and services is commonly used to measure inflation. There are two primary inflation indicators in the US.
According to John Taylor, a Stanford economist, monetary policy is a significant factor in the rise in inflation.
According to Stanford economist John Taylor, inflation increases when the Federal Reserve sets an interest rate that is too low or when the growth of the money supply is too rapid, as it is at the moment.
Uneven price increases during an inflationary period certainly lower some consumers' purchasing power.
Therefore, the result from inflation in the United States can investors buy products in other countries.
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he journal entry to record $5.6 million in sales on account includes a ______. (Select all that apply.) Multiple select question. credit to Sales Revenue of $5.6 million credit to Accounts Payable for $5.6 million debit to Cash of $5.6 million debit to Accounts Receivable of $5.6 million debit to Allowance for Doubtful Accounts of $5.6 million
The journal entry to record $5.6 million in sales on account includes a credit to Sales Revenue of $5.6 million and debit to Accounts Receivable of $5.6 million.
What does journal entry mean?A journal entry is a record of a business's financial transactions kept in its accounting books. An accurate date, the sums to be debited and credited, a description of the transaction, and a special reference number are all components of a properly documented journal entry. The accounting cycle begins with a journal entry.
What is an example of a journal entry?A purchase of machinery by a nation, where the cash account will be credited and the machinery account debited, is an example of a journal entry.
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Answer:B and D
Explanation:
_____ refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.
Joint Venture refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.
A joint venture is a partnership between two or more people that aims to develop one business or project for profit while splitting the associated risks. The joint venture's participants must consist of at least two different natural persons or entities.A joint venture is a company founded by two or more people that is typically distinguished by shared ownership, returns and risks, and governance.The typical life period of a joint venture is only five to seven years, and the total success rate of alliances is close to 50%.The joint venture's participants must consist of at least two different natural persons or entities.Thus this is the answer.
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Marigold Company sells merchandise on account for $4200 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company returns $1100 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check
The answer is $3038.
Discount term 2/10, n/30 means that the buyer will receive a discount of 2% if the invoice is paid within 10 days. Or else, he will have to pay the full amount of credit within 30 days time frame.
In the given question, the buyer i.e., Ivanhoe Company has returned goods worth $1,100.
Also, it has paid the remaining amount within the discount period which is of 10 days.
Thus, the amount paid by Ivanhoe Company can be calculated as:
Amount of check = (Invoice Value - Value of goods returned) - Discount amount
= ($4,200 - $1,100) - 2%
= $3,100 - 2%
= $3,038
Hence, the amount of the check is $3038.
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Important of process of planing
Answer:
In particular, planning helps to critically assess the goal to see if it's realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal. It also defines how to measure performance against the set goals and whose responsibility it will be.
______ is the actual amount each common stockholder would expect to receive if the firm's assets are sold, creditors and preferred stockholders are repaid, and any remaining money is divided among the common stockholders.
Liquidation value is the actual amount each common stockholder would expect to receive if the firm's assets are sold, creditors and preferred stockholders are repaid, and any remaining money is divided among the common stockholders.
Who is a stockholder?A stockholder is otherwise known as a shareholder of a company. Stockholders are the owners of the company and generally acquire the company's fulfilments in the form of increased valuation.
Therefore, the correct answer is as given above.
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Which of the following is a defense to a charge of trademark infringement? Group of answer choices There is a good chance of the public being confused. The mark is distinctive. The statutory period protecting the trademark has expired. The mark or symbol is considerably different. The use is a "fair use."
The defense to a charge of trademark infringement is the use is a "fair use".
What is Trademark Infringement?Unauthorized use of a trademark or service mark on or in connection with products and/or services in a way that is likely to lead to misunderstanding, deceit, or error regarding the source of the goods and/or services is known as trademark infringement.A plaintiff must prove both that it owns a legitimate trademark that is entitled to protection and that the defendant used the same or a similar mark in commerce in connection with the sale or advertising of goods or services without the plaintiff's consent in order to succeed on a claim of trademark infringement.Some Examples of Trademark InfringementThe selling of garment manufacturers attaching brand labels to generic products in an effort to make them "pass off" as original is one such instance of trademark infringement.What are the Elements of Trademark Infringement?The three distinct criteria of "use," "in commerce," and "likelihood of confusion" must all be present in order to prove trademark infringement.
A limiting effect of the use requirement is that it prevents trademark owners from claiming a broad right to control language. Some actions taken by a seller or producer to profit from a rival's brand recognition do not qualify as "use" for the purposes of a trademark infringement claim.The following actions satisfy the "in commerce" requirement
the alleged infringer's advertising in multiple states;interstate transfer of goods from producer to seller that display an infringement mark;delivering a goods to a different state in order to register a trademark;advertising in publications with interstate distribution, on billboards near interstates, on radio or television stations with interstate broadcasting ranges, or in magazines with interstate distributionTo know more about Trademark Infringement
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List the six characteristicscthat should be on every main entrance
Answer:
love one another
always share
don't be undisciplined
be tolerant
no insulting
lets have fun
Explanation:
Economies of scale are said to exist when Group of answer choices inputs are increased by some percentage and output increases by the same percentage. inputs are increased by some percentage and output increases by a lesser percentage. inputs are increased by some percentage and output increases by a greater percentage. the LRATC curve slopes upward. none of the above
Economies of scale are said to exist when "inputs are increased by some percentage and output increases by greater percentage, causing unit costs to fall."
What is economic of scale?The phenomenon known as economies of scale occurs when the scale or magnitude of the production produced by a firm increases while the average cost per unit of output decreases.
Example of economic of scale is-
Economies of scale emerge when a company reaps the rewards of its size. A corporation gains from a variety of efficiency as it grows. For instance, serving 1,000 people at a restaurant is much more affordable and effective than serving just one.
Types of Economies of Scale are-
Internal Economies of Scale.External Economies of Scale. PurchasingManagerial.Technological.To know more about economies of scale, here
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The commission structure on a stock purchase is $45 plus $0.04 per share. If you purchase five round lots of a stock selling for $130, what is your commission
The commission for purchasing five round lots of a stock selling for $130 is $65.
What is round lots of a stock?A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.
1 round lots = 100 shares
5 round lots = 500 shares
The commission structure on a stock purchase is $45 plus $0.04 per share.
For 500 shares, the commission is
= 45 + 0.04×500
= 65
Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.
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Porsche is well known as a brand of luxury sports cars; accordingly, it has leveraged its brand name to introduce clothing offerings emblazoned with its logo. It has also licensed its logo to many different products, from sunglasses to guitars. If consumers begin to doubt the luxury status of the cars because anyone can afford a pair of sunglasses, Porsche might be at risk of:
If consumers begin to doubt the luxury status of the cars because anyone can afford a pair of sunglasses, Porsche might be at risk of brand dilution.
The weakening of a brand's strength that can happen when a firm supports too many brands and spreads its resources too thinly.When a brand loses value, often referred to as excessive brand expansion, it usually happens after the introduction of a product that isn't in line with the initial goals of the business. For instance, you would view the sudden release of a line of tennis shoes by a chocolate bar company as brand dilution.What is the best way to avoid brand dilution?
By remaining in their core markets, extending their quality standards to all of their new items, and making sure that they are still functioning with the consumer in mind, businesses can avoid brand dilution. A company's expansion into too many markets might result in brand dilution.Learn more about brand dilution brainly.com/question/13753329
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Reggie owns a small stationery company in Tennessee and plans to enter the French market to sell his line of fine linen papers. He realizes that there are many business customs he will need to understand and conform to in order to succeed in France. What type of business custom is Reggie concerned with? global protocols cultural imperatives business axioms cultural exclusives business truism
The type of business custom is Reggie concerned with is Cultural imperatives.
Cultural imperatives are the customs of a nation that a business owner must comprehend and adjust to in order to succeed in that nation's market. Some cultural requirements, like the formality and rigid work culture of Japan, may be desirable, but others, like the widespread practice of bribery, may be seen as unfavorable or even illegal.
What are cultural imperatives in business?If relationships are to be successful, cultural imperatives are the business norms and expectations that must be met, conformed to, or avoided. Successful businesspeople are familiar with terms like the Latin American compadre.
Examples of the cultural demands, choices, and exclusivities in Denmark are:
Adherence to and recognition of cultural standards. The world's least corrupt country is Denmark. You must not indicate that they are able to detect corruption.Cultural practices are electives that you can choose to follow or not. This modification can be advantageous for company.Learn more about imperative at
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Some advantage(s) of Business Process Re-engineering include: Group of answer choices a. Cycle time reduction d. Laying off employees c. Restructuring organization b. Effective communication e. a, b, and c (i.e., Cycle time reduction, effective communication, and restructuring organization are all advantages of BPR).
a, b, and c (i.e., Cycle time reduction, effective communication, and restructuring organization are all advantages of BPR).
It saves time. It simplifies the decision-making process. It reduces errors. Avoids potential for disagreement
What is Business Process Re-engineering ?BPR or business process reengineering is the central reevaluating and radical update of business procedures to accomplish various upgrades in primary, contemporary proportions of execution like cost, quality, administration, and speed.
The purpose of business process reengineering is to completely overhaul existing methods.Business processes are redesigned from the ground up with a renewed focus on the company's mission and the customers' needs.Learn more about Business Process Re engineering here:
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Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to _______ as the forecasting horizon _______.
It is well known in her company that Magdas team is always working under tremendous pressure; every day brings a new fire drill. While Magda seems to thrive in this fast-paced environment and likes to say, I never know where the day will take me, her team is suffering and their workload is not sustainable. In which area is Magdas manager likely to suggest that she obtain some leadership training?
Magdas manager is likely to recommend that she take a leadership development course based on scenario planning..
What is scenario planning?Scenario planning aids decision-makers in evaluating answers, identifying possible outcomes and implications, and planning for both positive and bad outcomes. Businesses may avoid just reacting to events and become proactive by anticipating potential risks and possibilities.
Scenarios can be divided into four categories:
exploratorytarget-seekingpolicy-screening retrospective policy evaluationIn general, these many scenario types contribute to various decision-making situations.
What sorts of scenario planning are most common?Four categories of scenario planning
operational case studies. Quantitative scenarios realistic scenarios scenarios for strategic management.Why Is Scenario Planning Important?Because a scenario has been studied through and actions have been documented, scenario planning can give leaders a competitive advantage by enabling them to react swiftly and decisively in the event of a catastrophe.
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Price leadership Group of answer choices Is illegal under the Federal Trade Commission Act. None of the Answers are Correct Typically results in greater instability in oligopolistic markets. Permits oligopolistic firms in a given market to coordinate marketwide price changes. Is common in perfectly competitive markets.
Price leadership permits oligopolistic firms in a given market to coordinate market wide price changes.
What is oligopolistic competition?A circumstance where there are few sellers (of products that can be differentiated, but not much); each seller has a significant share of the market and cannot afford to ignore the other sellers' actions. An oligopolistic market (also known as an oligopoly) is characterized by the dominance of a small number of businesses that provide comparable products and services over a large number of others. In an oligopolistic market, there are few competitors, which limits competition and enables every firm to thrive. The environment often encourages cooperative behavior and regular business ties between companies.Know more about Oligopolistic Competition with the help of the given link:
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As the business world increasingly shifts from product focus to customer focus, why are most organizations treating existing customers better than in the past
Companies are treating existing customers better than in the past due to the multitude of competitors in a growing, globalized market.
How do customers influence the business?The needs and desires of consumers are the source of existence of organizations, which seek ways to meet their economic needs to be well positioned and profitable in the market. So the more a brand has value for the consumer, the more the company will be positioned in the market.
Therefore, it is essential for companies to develop aligned marketing to establish strong consumer relationships, increasing value as well as competitive advantage.
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Menu costs refers to Question 44 options: resources used by people to maintain lower money holdings when inflation is high. resources used to price shop during times of high inflation. the distortion in incentives created by inflation when taxes do not adjust for inflation. the cost of more frequent price changes induced by higher inflation.
Menu costs refers to The cost of more frequent price changes induced by higher inflation.
Which of the following helps to explain why the inflation fallacy is a fallacy?The rise in nominal income typically coincides with an increase in the price level.Which of the following would most likely be called a hyperinflation?The average annual price rise was 300 percent.What is inflation fallacy?The inflation fallacy is the misconception that a rise in prices results in a corresponding decrease in purchasing power. Many economists contend that this is untrue because every purchase represents the income of a different person.Learn more about inflation fallacy here:
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