The uprising, which was led by veteran Daniel Shays, exposed the limitations of the federal government established by the Articles because it was unable to either pay the veterans' salaries or muster an army to put an end to the uprising.
Shays's Rebellion showed the shortcomings of the Articles of Confederation-based governance and prompted George Washington and others to urge for strengthening the federal authority to quell future outbreaks.
The Articles of Confederation's flaws were exposed by Shay's Rebellion. When the national authority was unable to quell the uprising, the first signs of federalism started to take hold. Of course, the British refused to acknowledge the Declaration and kept dispatching troops to put an end to the uprising.
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Which of the following are effects that a strong organizational culture can have on employee behavior? a. Behavior aligns more closely with the firm’s strategic goals b. More effective cooperation c. Stronger commitment, engagement, and effort
c. Stronger commitment, engagement, and effort are effects that a strong organizational culture can have on employee behavior.
A strong culture is one that permeates every aspect of how a company or organization operates. With a strong culture, management and staff are aware of their responsibilities and will make an effort to uphold the company's essential principles.
Because "how things are done around here" is widely recognized and understood, there is less need for specific policies and processes, which is one of the main advantages of having a strong culture.
Excellent examples of organizations with robust cultures abound. In fact, as we've discussed in this blog, organizations founded on a set of core principles that are clearly defined and consistently upheld benefit from their strong culture as a source of competitive advantage.
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from the list of costs given below, check the four costs associated with ownership that do not have to be paid by renters:
The four Costs associated with ownership that doesn't have to be paid by renters are tags, repairs, depreciation, and tires.
Cost is the value of money that has been used up to produce a commodity or deliver a service and hence isn't available for use presently. In business, the cost may be one of accession, in which case the quantum of money expended to acquire it's counted as cost.
In this case, money is the input that's gone to acquire the thing. Homeownership comes with several costs beyond the price of the home, including property levies, mortgage interest, homeowners insurance, bills, legal freights, landscaping costs, and homeowner association freights.
It's less expensive to rent a home than to enjoy one, thanks to the multitudinous charges associated with homeownership. Renters pay a yearly figure to live on someone's property, while homeowners pay a yearly mortgage to ultimately enjoy the property in which they live.
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Sparky's incorrectly included inventory that was on consignment in its ending inventory count. Consequently, the ending inventory was overstated on the balance sheet. Explain how this error will effect this year's income statement.this year's cost of goods sold will be too low. this year's net income will be too high
COGS will be too low, resulting in an inflated income statement. The direct cost of producing a company's goods is known as its cost of goods sold (COGS).
Due to the fact that COGS is an operating expense, it is shown as such on the income statements. Analysts, investors, and managers can more accurately predict the company's bottom line by being aware of the cost of goods sold. Net income will fall off as COGS rises. The business will make less money for its shareholders even though this change is advantageous for income tax purposes. In order for their net profits to increase, businesses try to keep their COGS low.For instance, COGS for an automaker would include the labour costs used to assemble the car as well as the material costs for the parts that go into making the car. Costs associated with transporting the vehicles to dealerships and hiring salespeople would be excluded.As a result, COGS will be too low, producing an inflated income statement.
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karen provided advice to the team working on creating a flavored water beverage since she worked on a similar project in the past.
The creation of a statement of work is the first step in outlining the scope of the project. The formal document outlining the specifications for a certain project is this one.
It provides an overview of the work being asked, a deadline, a schedule, any specialised talents required, and the location of the job. The functional managers who provide the project's resources, the project manager, or both often approve the project plan. Identification and evaluation document of needs are the initial steps in establishing a training programme. It's possible that the organization's strategic, human resources, or personal development goals have already identified the training needs of its employees.
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Answer:
Consulted
Explanation:
Got it right.
Auditing an attestation client’s inventory accounts can vary widely in complexity and time required because of which of the following factors? (Select all that apply.)
1.The level of access the client is willing to provide to physical inventory and the inventory accounts.
2.What type of inventory the client holds, and the quantities the client holds the inventory in.
3.Whether the audit is for a publicly or privately traded firm, as generally accepted auditing standards only require inventory audits for publicly-traded firms.
4.Whether the client is a manufacturing entity, a merchandising entity, or a service firm.
1. The level of access the client is willing to provide to physical inventory and inventory accounts.
Auditing inventory accounts requires access to physical inventory and inventory records. If the client is unwilling to provide access to these documents, the audit process can be more challenging and require more time.
Auditing inventory involves taking physical counts of all items in the inventory and then comparing this count to the existing inventory records. This is done to verify that the inventory records accurately reflect the actual number of items in the inventory. Auditing inventory helps to identify inventory discrepancies, errors, and potential losses. It can also help to ensure that inventory levels are updated in a timely manner.
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. In the Monopolistic Competition market structure, firms use marketing, advertising and good old-
fashioned competition to make their products and services as inelastic as possible.
True – Bubble A
False – Bubble B
It is true that in monopolistically competitive market structures, companies use marketing, advertising, and good old-fashioned competition to make their products and services as inflexible as possible.
What is monopolistic competition?Monopolistic competition is a type of market structure in which many firms exist in an industry and produce similar but different products. Neither company enjoys a monopoly and each company operates independently regardless of the actions of the other company.
Example: 1. Grocery store: Grocery stores exist in a monopoly market because there are many companies selling many of the same products, but with different brands and marketing. 2. Hotel: Hotels are a prime example of monopoly competition
What are the characteristics of monopolistic competition?A monopoly occurs if a supplier gives a particular good or service to a large number of consumers. A monopoly market allows a monopoly (or dominant firm) to control the market and set prices and supply. Conditions of monopolistic competition are: a large number of firms, similar but imperfectly fungible products, low barriers to entry, and imperfect information.
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g max, who is single and age 30, provides you with the following information from his financial records for 2021.
Max AMT exemption for 2021 is $ 73,600.
In the given question, Max, who is single and age 30, provides you with the following information from his financial records for 2021.
If AMT is greater than regular tax, the taxpayer must pay the difference; conversely, if regular tax is greater than AMT, the taxpayer must pay the difference.
$73,600 is maximum Exemption available to individual (single) and $1,14,600 for married couples.
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The right question is:
Max, who is single and age 30, provides you with the following information from his financial records for 2021.
Regular income tax liability $77,794
AMTI 525,000
Taxable income 295,000
Calculate his AMT exemption for 2021.
a. $350
b. $73,250
c. $0
d. $73,600
using exponential smoothing, if we want forecasts to be very responsive to recent demand, the value of alpha should be A) Large B) Small
The answer is A. Large, If we use exponential smoothing, the value of alpha should be large if we want forecasts to be highly responsive to recent demand.
A typical technique for smoothing time series data is known as exponential smoothing, and it uses the exponential window function.
In contrast to the ordinary moving average, which weights previous data equally, exponential functions use weights that decrease exponentially with time.
It is a simple process that can be understood and used right away to make a decision based on the user's existing assumptions, like seasonality. Exponential smoothing is often used in time-series data analysis.
While values of alpha closer to zero have a stronger smoothing impact and are less responsive to recent changes,
The smoothing effect is less pronounced and recent changes in the data are given greater weight when the alpha is close to 1.
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Grant and Amy have formed a new business to be operated through an S corporation. They each own 50% of the corporation's outstanding common stock. During the first year of operations, the business incurred an operating loss of $100,000. In allocating this loss to the shareholders:
A. Grant and Amy must each be allocated $50,000 of the operating loss.
B. If the corporate charter permits, the S corporation can make a special allocation of 100% of the operating loss to Grant.
C. Because the shareholders have limited liability for the S corporation's debts, they are not permitted any deduction for the operating loss.
D. The corporation should also consider ownership of any outstanding preferred stock in making the loss allocation.
The Correct Answer (A) Grant and Amy must each be allocated $50,000 of the operating loss.
When you lose money operating your business, you are spending more than you are earning. Businesses sometimes experience temporary losses when they first launch or during periods of expansion.
The net operating loss is determined on a company expense sheet by deducting itemized expenses from adjusted gross income. You have net operational losses if the outcome is a negative figure.
Definition of Net Operating Losses: When a company experiences a loss during a financial reporting period (i.e., records negative Pre-Tax Income), "Net Operating Losses" are accumulated that the company can use to lower its Taxable Income in subsequent periods. These Net Operating Losses may also be valuable to potential acquirers in M&A deals.
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you work for the city planning agency in houston and successfully pass ordinances designed to double population density. based on the graph, predict the approximate change in carbon emissions. you work for the city planning agency in houston and successfully pass ordinances designed to double population density. based on the graph, predict the approximate change in carbon emissions. 10% decline 25% decline 50% decline 75% decline
Option C is correct, according to the question. According to the graph, the estimated change throughout carbon emissions will be a 50% decrease.
What exactly is business?
A business has been defined as a company or organization that engages in commercial, manufacturing, or professional life. Business owners can be any which profit - making or non-profit companies.
What is the significance of business?
Business is extremely important in our lives. First, they produce products and services that meet our needs and desires. After that, they recruit families as labor as well as compensate them with wages, wages, and benefits. As a result, it turns into a source of revenue for them, which they can use to support their family.
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explain how a manager would use each of the following: financial statement, balance sheet, income statement, and audit.
Let's examine how a management might utilize an income statement, balance sheet, and audit in the context of the organization.
In an organization collection of accounting reports known as financial statements are used to communicate economic and financial information to users outside the company, such as creditors and investors. A balance sheet is a type of financial statement that lists a company's assets, liabilities, and shareholders' equity as of a particular date.
The objective of an audit is to give users of financial statements an opinion on whether the financial statements are presented fairly, in all material ways, and in compliance with the relevant financial framework.
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Assume that the government imposes a binding price floor on a competitive
market.
a. quantity demanded will increase
b. consumer surplus will increase
c. price will decrease
d. quantity bought and sold will decrease
e. a shortage will result.
As a result of the government imposing a binding price floor on a competitive market, d. the quantity bought and sold will decrease.
In the field of business, a binding price floor can be described as a higher equilibrium price than the normal market price.
When a binding price floor is imposed by the government, then the products will cost more in production. This is because the raw materials for making the products will go higher and as a result, the prices will increase for the product. This will cause the number of products to be bought and sold to be decreased. As the market is already competitive, imposing a binding price floor will further decrease the bought and sold of production.
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alaska mining co. acquired mineral rights for $32,736,000. the mineral deposit is estimated at 148,800,000 tons. during the current year, 22,300,000 tons were mined and sold. question content area a. determine the amount of depletion expense for the current year. round the depletion rate to two decimal places. fill in the blank 1 of 1$ question content area b. journalize the adjusting entry on december 31 to recognize the depletion expense. if an amount box does not require an entry, leave it blank. date account debit credit december 31 - select - - select - - select - - select -
a. The depletion expense for the current year is $2.21 per ton. Hence, the depletion expense for the current year is 22,300,000 x $2.21, which is equals to $49,283,000.
b. The adjusting entry on December 31 to recognize the depletion expense would be as follows:
Date Account Debit Credit
December 31 Depletion Expense $49,283,000 Mineral Rights 32,736,000
This entry recognizes the depletion expense for the current year. The Mineral Rights account is debited because the depletion expense is a charge against the mineral rights acquired. The Depletion Expense account is credited for the amount of the expense. This entry is necessary to ensure that the Mineral Rights account is properly adjusted for the current year’s depletion expense.
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- In the context of peer ratings, employees are most likely to distinguish between good and poor performers when:
a) they establish performance standards based on their own performance
b) their peers are not working in the same place.
c) their peers belong to the same ethnicity
d) they fear reprisals from their peers.
In the context of peer ratings, employees are most likely to distinguish between good and poor performers when b) their peers are not working in the same place.
What is peer ratings?Peer ratings can be descibed as the evaluation of an individual's behavior along with his or her associates thios can be among the physician peer review.
It should be noted that In child development research, peer ratings can be gotten from members of a child's peer group, however peer ratings, employees are most likely to distinguish between good and poor performers.
Therefore, option B is correct.
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k wood in had the following balances deferred tax asset 80,000 dr valuation allowance unadjusted 10,000 cr management reveiews all available positive and negative evidence to estimate that it was more likely than not
The end result is that the deferred tax asset balance as of the end of the period would be adjusted to $70,000 ($80,000 - $10,000).
To calculate the number of deferred tax assets that can be recognized as of the end of the period, the following steps should be taken:
Calculate the total potential deferred tax asset available. This is calculated by subtracting the deferred tax liability from the current tax expense.
Calculate the amount of the deferred tax asset that can be recognized as of the end of the period (the “recognized amount”). This is calculated by applying the more-likely-than-not criteria. In this case, this involves estimating the likelihood of the deferred tax asset being realized.
The recognized amount is then used to adjust the deferred tax asset balance. In this case, the recognized amount would be $70,000 ($80,000 - the unadjusted valuation allowance of $10,000).
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When preparing the operating activities section of the statement of cash flows using the indirect method, decreases in current liabilities are deducted from net income.
A.True B.False
When preparing the operating activities section of the statement of cash flows using the indirect method, decreases in current liabilities are deducted from net income.
The given statement is TRUE.
Describe cash flow.
Cash flow is the difference between the net amount of cash and cash equivalents coming into and leaving a business.. Money spent and money received represent inflows and outflows, respectively.
Fundamentally, a company's capacity to produce positive cash flows—or, more specifically, to maximize long-term free cash flow—determines its capacity to add value for shareholders.
The flow of cash into and out of a business is referred to as its cash flow. Sales generate income for businesses, which also incur costs.
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James gets a job at a multinational corporation. On his first day at work, he finds out that the numerical code assigned by the Internet Corporation for Assigned Names and Numbers (ICANN) to his computer system is 115.248.178.233. This numerical code is referred to as a(n) _____.
Internet Protocol address
This numerical code at multinational corporation is referred to as an Internet Protocol address.
What is a multinational corporation?A multinational company (MNC), also made reference to as a multinational enterprise (MNE), a transnational corporation (TNC), an international corporation, or a stateless corporation with subtle but contrasting meanings, is a corporate organization that controls and owns the manufacturing of goods or services in at least one nation other than its home country. To set an MNC apart from worldwide portfolio investment organizations like some international mutual funds that invest in foreign firms purely to diversify financial risks, control is regarded as a crucial component. The majority of today's most significant and significant businesses, including the Forbes Global 2000 companies, are publicly traded global organizations.
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Using the reciprocal services method, which of the following equations represents the algebraic expressions for the two equations needed to capture the total costs of a Janitorial Department (J) that includes not only $350,000 of direct
1 costs but also 30% of the Maintenance Department (M) cost and the Maintenance Department that includes not only $50,000 of direct costs but also 50% of the Janitorial Department?
J = $350,000 - (0.30 x M) and M = $50,000 - (0.50 x J)
J = $350,000 + (0.30 + M) and M = $50,000 + (0.50 + J)
J = ($350,000 x 0.30) + M and M = ($50,000 x 0.50) + J
J = $350,000 + (0.30 x M) and M = $50,000 + (0.50 x J)
With Maintenance Department (M) cost and the Maintenance Department that includes not only $50,000 of direct costs but also 50% of the Janitorial Department J = $350,000 + (0.30 × M) and M = $50,000 + (0.50 × J)
Every business success story has a maintenance crew working in the background to make sure all operations and activities go without a hitch. The maintenance department has a lot of moving pieces, much like any other department in a firm. Getting them all to cooperate is a daily struggle, made more difficult if the department lacks resources and funding.
Perform household tasks like mopping, dusting, and more. Make small repairs, such as replacing faulty locks and caulking cracks in walls. To find problems, examine electrical wiring and control panels. Install machinery and appliances. Maintain your garden or yard by mowing the lawn, picking up garbage, etc.
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Assume Nada Corporation has filed bankruptcy. As part of the bankruptcy proceeding, Nada is required to make payments to a secured creditor. Based upon these facts alone, the book would refer to these payments as
a. Proofs of claim
b. Preferential transfers
c. Adequate protection payments
d. Fraudulent transfers
Answer: C
The book would refer to these payments as Adequate protection payments
Some credit card firms and lenders offer a payment protection plan as an optional service, which enables customers to avoid making the minimum monthly payments on a loan or credit card amount during an involuntary unemployment or disability.
Payment protection, also known as debt protection, aims to provide you peace of mind by giving you the option to temporarily stop making monthly payments on your loan or credit card amount if you encounter specific adversities. Depending on the plan, you could not be required to make any payments during that time or you might be eligible for partial forgiveness of the sum.
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the principal-agent relationship between medical clinic llc and network referral service is not contractual. if medical, the principal, violates a duty to network, the agent is entitled to
If medical, the principal, violates a duty to network, the agent is entitled to recover for past services and future damages
What is meant by agent?
In economics, agent refer a person whose job is to do business for a company or for another person.
Here we have the the principal-agent relationship between medical clinic LLC and network referral service is not contractual.
And we need to find if medical, the principal, violates a duty to network, the agent is entitled.
As per the definition of agent, we must know the meaning of principal-agent relationship that is an arrangement in which one entity legally appoints another to act on its behalf.
In this relation, an agent acts on behalf of the principal in his dealings with a third person, a contractual relationship between the principal and the third person is created and the agent is not personally liable.
So, the duty of agent is to recover the properties based on the complaint.
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In which of the following scenarios does the project manager implement documentation well? Select all that apply.
a. The key stakeholder determines they want to add a feature to the product in development. The project manager includes this update in the project charter and communicates it to the team.
b. Because the project manager doesn't have all the project's details, they ask a current team member to onboard the new team member.
c. The project manager shares the project timeline on a cloud-based document sharing program.
d. A stakeholder talks with two different team members and receives conflicting information on a vendor. They cannot find information about the vendor in the shared document drive.
Option a and c are the two scenarios in which the project manager would implement documentation well.
How do project manager implement documentation?Project documentation is a group of documents that the project manager produces throughout the course of the development of the project. A project plan, timetable, and budget are just a few examples of the kind of procedures, standards, and rules the project team is expected to adhere to.
Both for each individual document and for the entire project documentation, the basis for quality, traceability, and history must be established. Additionally, the documentation needs to be comprehensive, clear, and well-organized.
Instead of managing the overwhelming paperwork, the project managers reuse effective project plans, business cases, requirement sheets, and project status reports to help them focus on their core expertise of managing the project. The four main phases of project management are commonly Initiation, Planning, Control, and Closure.
Project managers with extensive experience are excellent at creating and using standardized templates for their project papers. They recycle effective project plans, business cases, requirement sheets, and project status reports so they can concentrate on managing the project, which is their main strength, rather than managing the overwhelming amount of paperwork.
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Which of the following statements is most correct?
a. The optimal capital structure minimizes the WACC. b. If the after-tax cost of equity financing exceeds the after-tax cost of debt financing, firms
are always able to reduce their WACC by increasing the amount of debt in their capital
structure.
c. Increasing the amount of debt in a firm’s capital structure is likely to increase the costs of
both debt and equity financing.
d. Statements a and c are correct.
e. Statements b and c are correct.
Answer:
The most correct statement is "Statements b and c are correct."
Explanation:
The optimal capital structure is the one that minimizes the firm's weighted average cost of capital (WACC), which is the average cost of all the different sources of financing the firm uses (e.g. debt, equity, etc.). If the after-tax cost of equity financing exceeds the after-tax cost of debt financing, firms can reduce their WACC by increasing the amount of debt in their capital structure. However, increasing the amount of debt in a firm's capital structure is likely to increase the costs of both debt and equity financing, as creditors and investors may require higher returns to compensate for the increased risk of the firm's capital structure. Therefore, statements b and c are correct. Statements a and d are incorrect because they do not accurately reflect the relationship between the firm's capital structure and its WACC.
Let me know if I made a mistake.
the president of the united states argues that the government should impose a tariff on ball bearings because they are a necessary input into the production of various weapons. free trade would make the united states overly dependent on foreign countries for the supply of ball bearings. in case of a war, the united states might not be able to make or purchase enough ball bearings and, therefore, would not be able to make enough weapons to defend itself.
The president provides grounds for the trade limitation on tires citing national-security arguments.
What rationale exists for trade restrictions on the basis of national security?Another common argument for restricting trade is the assertion that free commerce compromises national security. This is explained by the fact that commerce enables nations to rely on other nations for the supply of vital resources.
What are the main countermeasures to trade restrictions abroad?Trade restrictions are routinely used to protect domestic businesses and workers from competition from international corporations. A country is said to have protectionist policies if it forbids the importation of goods and services created abroad.
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The correct question is:
The arguments for restricting trade Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported tires. Read the following scenario and answer the question that follows. The president the United States argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade, she contends, would make the United States overly dependent on foreign countries for the supply of tires and thus, in case of war, unable to make enough weapons to defend itself. Which of the following justifications is the president using to argue for the trade restriction on tires? Using-protection-as-a-bargaining-chip argument O Infant-industry argument O Jobs argument O National-security argument O Unfair-competition argument
Chenrezic is an organization that specializes in subtitling foreign movies and television shows. According to the company's policy, if managers and employees meet quality standards, they can avail as many leaves as they like. This scenario illustrates that Chenrezic uses _____.self-control
Using the free Mac program Self Control, you can stay away from websites that are distracting. For a specified period of time, block your own access to websites or mail servers.
Explain what self-control is?The capacity to restrain one's emotions, ideas, and actions in the face of temptations and impulses is known as self-control, is a component of inhibitory control. It is a cognitive process known as executive function that is required for controlling behavior in order to accomplish particular goals.
Self control is described as a skill that enables someone to manage their conduct in order to accomplish goals.
It has been found that those who possess this skill can have greater physical and mental health. Conscientiousness and emotional stability can be inferred to be positive aspects of oneself.
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if slovenia is a large country in world trade, then if it imposes a large set of tariffs on many of its imports, this would
If Slovenia is a large country in world trade, then if it imposes a large set of tariffs on many of its imports, this would A) decrease the internal price of imports below the world market rate.
In the field of business, a tariff can be described as a specific revenue that a business has to pay if it wants to sell its products to another country. For countries that have a large world trade, a higher amount of tariff is imposed as businesses from many countries will be interested in selling their products in such countries.
Such countries, like Slovenia, with a well-known name in the world trade, will have lower rates or decreased internal prices for imported products because of the higher amount of tariff that was imposed on these imported products. There will be no extra value added to these imported products as a good amount of revenue has been generated by the government through imposing tariffs. Hence, option A is correct.
Although a part of your question is missing, you might be referring to this question:
If Slovenia is a large country in world trade, then if it imposes a large set of tariffs on many of its imports, this would
A)decrease the internal price of imports below the world market rate.
B) increase its exports.
C) have no effect on its terms of trade.
D) harm its terms of trade.
E) decrease its marginal propensity to consume.
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One important short-term financial goal for a company is to earn the projected operating income for the period. Attainment of this goal is measured by comparing the actual operating income for the period to the:
Master budget operating income
Attaining the goal for a company is to earn the projected operating income for the period is measured by comparing the actual operating income for the period to the master budget operating income.
In the field of business, short-term goals are such goals that a company wants to yearn in a short period of time. One of the main short-term goal is to reach the projected operating income.
The projected operating income is the money that is spent on the operational procedures by the company. It is calculated by comparing what the actual revenue was for the operating income and the difference it has with the master budget operating income. This can improve the financial goal of the company.
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B-Balls, a manufacturer of athletic balls, is facing increased competition due to the entry of several new firms into the industry. These new competitors have resulted in reduced demand for B-Balls' basketballs, and the company is losing money. What should B-Balls do in regard to output for their basketballs to help minimize losses until some firms exit the industry? They should reduce output to wherever their new MR curve equals the MC curve caused by a leftward shift in demand. They should reduce output to wherever their new MR curve is greater than the MC curve caused by a leftward shift in demand. They should increase output to wherever their new MR curve equals the MC curve caused by a leftward shift in demand. They should increase output to wherever their new MR curve is less than the MC curve caused by a leftward shift in demand.
They should cut back on production until their new MR curve meets the MC curve brought on by a leftward change in demand. A firm is a for-profit organization that offers professional services and is often created as a partnership.
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN). The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
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Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2017, at a price of $390,000. He rejected several offers in the $350,000 range during the summer. Finally, on August 16, 2017, he and the purchaser signed a contract to sell for $363,000. The sale (i.e., closing) took place on September 7, 2017. The closing statement showed the following disbursements: Real estate agent's commission Appraisal fee Exterminator's certificate Recording fees Mortgage to First Bank Cash to seller $21,780 600 300 800 305,000 34,520 Wesley's adjusted basis for the house is $200,000. He owned and occupied the house for seven years. On October 1, 2017, Wesley purchases another residence for $325,000. If an amount is zero, enter "O" a. Wesley's recognized gain on the sale is b. Wesley's adjusted basis for the new residence is c.Assume instead that the selling price is $800,000. Wesley's recognized gain is ,and his adjusted basis for the new residence is
Wesley's recognized gain on the sale is $0.
Wesley's adjusted basis for the new residence is $325,000.
Assume instead that the selling price is $800,000. Wesley's recognized gain is $326,520, and his adjusted basis for the new residence is $325,000.
How do we compute these gains and basis?Wesley's actual gain:
= $363,000 - $21,780 - $600 - $300 - $800 - $200,000
= $139,520.
So, Wesley's actual gain is $139,520 but it can all be excluded using section 121.
Now, If the selling price is $800,000; Wesley's actual gain:
= $800,000 - $21,780 - $600 - $300 - $800 - $200,000
= $576,520.
So, Wesley's actual gain is $576,520 but he can exclude $250,000, so his recognized gain is $326,520.
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n general, total deductible home office expenses are limited to the gross income derived from the business minus business expenses unrelated to the home (that is, they are limited to net business income before home office expenses).
In general, total deductible home office expenses are limited to the gross income derived from the business minus business expenses unrelated to the home (that is, they are limited to net business income before home office expenses) True.
Does the home office deduction have an income cap?There are two ways for eligible taxpayers to determine their home office expense deduction: $5 per square foot is the cost for using the home for business purposes under the streamlined option. a the a the a the a the a the a the a the a the a the a The $1,500 maximum deduction allowed by this approach.
What are the three standards by which your home office might be considered a business expense?If they fit specific requirements, the self-employed can claim the home office tax deduction.
A home office must be utilized entirely and frequently for business purposes.
The total amount of deductible expenses must be greater than the revenue of the business for which they are being claimed..
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(figure: short-run phillips curve) use figure: short-run phillips curve. the natural rate of unemployment is A) 3%. B)5%. C)7%. D)8%. E)1%.
The natural rate of unemployment, given the short - run and long - run Phillip ' s curve, is B. 5 %
How to find the natural rate of unemployment ?The natural rate of unemployment is the lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment.
The Long - Run Phillip's curve shows the natural rate of unemployment so if the Long - Run Phillip's curve is at 5 %, then this is the natural rate of unemployment.
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