the opportunity costs of attending college include the: effort and hard work. potential income that could be earned working. cost of room and board. cost of clothes to wear at school.

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Answer 1

The opportunity costs of attending college include the (B) potential income that could be earned working.

What are opportunity costs?The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it indicates that by choosing one course of action (such as making an investment), you are forgoing the chance to choose another course of action. The best activity is the one that, after deducting opportunity costs, has the highest return when compared to all other activities. For instance, if you purchase a car and use it just for personal transportation, you are not permitted to rent it out; yet, if you do, you are not permitted to use it for personal transportation.

Therefore, the opportunity costs of attending college include the (B) potential income that could be earned working.

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Correct question:
The opportunity costs of attending college include the:

a. effort and hard work.

b. potential income that could be earned working.

c. cost of room and board.

d. cost of clothes to wear at school.


Related Questions

meeting which of the following standards for tax return positions would allow both taxpayers and tax return preparer to avoid a penalty with respect to a tax return position?

Answers

The response is substantial power.

The term "substantial Authority" refers to the weight of evidence supporting one position relative to the weight of evidence supporting the opposing side.

Tax Return Positions, Statement on Standards for Tax Services No. 1 In suggesting tax return positions or completing or signing tax returns submitted to any taxation body, a member is subject to the requirements outlined in this standard.

No of the jurisdictions in which they operate or the sorts of taxes for which they are providing services, all members must abide by the SSTSs and interpretations. They form the foundation of the AICPA's ethical guidelines for tax practitioners, along with the frequently asked questions (FAQs). This instruction outlines members' obligations to taxpayers, the general public, and the  government.

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the tax rate schedule for individuals who qualify as a head-of-household is more favorable than the tax rate schedule for single individuals. True or False

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It is true that the tax rate schedule for individuals who meet the requirements to be considered a head-of-household is more favorable than the tax rate schedule for single individuals. Because individuals who qualify as a head-of-household have a lower tax rate and a higher standard deduction than single individuals.

The tax rate schedule is a rate sheet that individuals and corporations use to calculate their estimated taxes due. The schedule includes tax rates for various ranges of taxable income as well as specific taxable circumstances. The federal tax rates are determined by income and filing status.

Example tax rate in 2022

Single individuals with taxable income between $10,275 and $41,775 are subject to the 12% tax rate.Head-of-household with taxable income between $14,651 and $55,800 are subject to the 12% tax rate.

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the disposable income from your part-time job in 2021 was $13,200. in 2020, you borrowed $1,400 at 12 percent interest. you repaid your loan with interest in 2021. how much would you have available for spending in 2021?

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My left-over balance after paying $140168 from my disposable income of $13,200 which I earned from a part time job in 2021, will be $(140168-12000) = $128168.

What is defined as disposable income?

The amount of money available for spending and saving after income tax is subtracted is known as Disposable income.

Briefing:

Let's first figure out how much we have to spend to repay our loan from 2020 plus interest for a full year in order to address this problem.

Let's assume that the interest was compounded annually at a rate of 12% annually as we move forward.

According to the Compound Interest formula,

Where,

A = Final Amount (Principle + Interest).

P = Principle Interest in compounded

R = Rate of Compound Interest

n = Time period of interest .

Here, (P = $1400), (R = 12%) and (n = 1).

=1400 *(1+12/100)^1

=1400 *(1+12/100)

=1400*(100+12/100)

=(1400 * 100.12)

=140168

Hence, my left-over balance after paying $140168 from my disposable income of $17,000 which I earned from a part time job in 2020, will be $(140168-12000) = $128168

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When designing in-store signage, the supermarket omar manages develops yellow signs and shelf tags with bold lettering to catch consumers’ attention. The use of visuals in this manner represents the ________blank component of the communication process.

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The encoding part of the communication process is represented by the use of visuals.

Encoding – what is it?

The main form of human communication is the encoding and decoding of messages. The encoder is the person who generates and sends the message. In order to ensure that the audience interprets the message as intended, the encoder must determine how the audience will interpret the message.

The process of translating concepts into language is called encoding. The encoder sends the message over a "medium" such as a phone call, email, text message, in-person meeting, or another form of communication.

Varying signals require different encoding degrees of conscious cognition. The encoder should take care of any "noise" that could hinder their messages, such as other messages, diversions, or influences.

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common types of cash inflows from investing activities include (select all that apply.) multiple select question. collection of nontrade receivables. sale of investment securities. collection of trade receivables. sale of property, plant, and equipment.

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Cash inflows from investing activities include: sale of investment securities, collection of accounts receivable, sale of property, plant and equipment.

Cash flow is a type of financial report that contains information on cash receipts and disbursements in a company for a certain period of time. While cash inflows are cash receipts from sales or other income, cash inflows are obtained from the sale of securities, issuance of bonds or debentures.

The benefit of incoming cash for the company is to increase the operational capital of a company. And without cash coming in, there will be no records from the company, which can hinder the operational activities of the company.

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how should social and digital tools and technology should be considered in your overall marketing mix

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Social and digital tools and technology should be considered in your overall marketing mix

Advertising on television on and in social media.

What is digital tools and technology?

Digital technologies can be defined as the  electronic tools, systems, devices and resources that generate, store or process data.  It include social media, online games, multimedia and mobile phones. Even digital learning is a part of this process. Even a video or a movie maker can be considered as an example. They are used to cover and attract a wide range of customers.

Hence,  Advertising on television on and in social media. is the best option  available.

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the circular flow model is group of answer choices a simple model that explains how the economy is organized. a geographic model that shows economic development in a region. a model that shows the flow of money in major financial institutions. an engineering model that shows water flow in storm water sewers.

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The circular flow model is  a model that shows the flow of money in major financial institutions.

What is circular flow model?The circular flow model shows how money flows in an infinite loop from producers to households and back again. In an economy, money moves from producers to workers as wages, and  from workers back to producers as workers spend money on products and services. In economics, a circular flow model represents the organization of the economy in a simple economic model. The diagram includes households, firms, markets for factors of production, and markets for goods and services.A circular flow model is an economic model that shows how money, goods, and services move between sectors of an economic system. This model is also known as the income cycle because money flows  between  sectors are also tracked to measure a country's national income or GDP.

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indiana's health care plan for state employees: group of answer choices has increased total spending on health care, but with the benefit of increasing the overall health of state workers who now take greater advantage of preventative care procedures. has reduced total spending on health care, but at the cost of employees forgoing important preventative care procedures. has reduced health care spending for those who participate in the plan, but only a small (less than 10 percent) percentage of state employees actually use the system. has reduced total spending on health care without people forgoing important preventative care procedures.

Answers

When it comes to public health funding, Indiana is 48th in the country, with each Hoosier receiving about $55 or $36 less than the national average of $91 per person.

Healthcare costs have increased as a result of premium hikes, higher deductibles and copays, and skyrocketing prescription drug costs.

To ensure that everyone has simple access to essential services, the State of Indiana is dedicated to improving the way that HCBS is delivered.Our first aim is to put the needs of the people we serve first as we expand on our current infrastructure and carry out focused plans that enable everyone to prosper in their communities.

In order to provide a cohesive environment for HCBS, our efforts will include ensuring that all people have access to HCBS, increasing wraparound services to address systemic barriers to high-quality home and community-based care, and integrating our systems.

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what is the marginal net benefit of producing the fourth unit? number units produced total benefit total costs 0 0 0 1 100 50 2 180 110 3 250 180 4 290 270 5 310 380 multiple choice

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The marginal Net Benefit of fourth unit is -50.

What is Marginal net benefit?The utmost price a buyer will pay for an additional commodity or service is known as the marginal benefit.A marginal advantage is also the extra satisfaction a customer experiences after buying the extra commodity or service.The marginal benefit often declines with rising consumption.Consumer surplus refers to the willingness of a consumer to pay more than the going rate for a commodity or service.Any essential products, like medicine, do not lose some of their marginal benefits over time.Businesses can use the marginal benefit analysis they do to determine the ideal price point for the deal.

Marginal net benefit is the difference between marginal benefit and marginal cost.

Marginal net benefit = Marginal Revenue – Marginal Cost

Marginal Revenue = Changes in TR/ Change in number of Units

Marginal Cost = Changes in TC  / Change in number of Units

At 4th unit, the MR = (290-250)/(4-3)=40

At 4th unit, the MC = (270-180)/(4-3)=90

So, the marginal net benefit = 40–90 = -50

Therefore, the marginal net benefit of fourth unit is -50.

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The checkbook balance on May 31 is $16,462.35
The Bank Statement shows an ending balance of $16,833.19
Deposits of $575 on May 29 and $1,075 on May 30 do NOT appear on the bank statement.
The bank statement shows a service charge of $20.00.
The following checks are outstanding:
Check 189 - $127.50
Check 191 - $462.19
Check 192 - $569.42
Check 194 - $881.73
in a journal

Answers

a) The journal entry to adjust the checkbook balance is as follows:

May 1 Debit Bank Charges $20

Credit Checkbook $20

b) The preparation of the Bank Reconciliation Statement is as follows:

Balance as per bank statement            $16,833.19

Add Uncleared Deposits                        $1,650.00

Less Outstanding Checks                     $2,040.84

Balance as per adjusted checkbook  $16,442.35

What is bank reconciliation?

Bank reconciliation is an accounting process to bring the balance as per the bank statement to agree with the balance as per the checkbook.

The accounting process tries to identify discrepancies and accounting errors between these sets of records to correct and reconcile the differences.

Checkbook balance on May 31 = $16,462.35

Bank Statement balance on May 31 = $16,833.19

Uncleared Deposits:

May 29   $575

May 30 $1,075   $1,650

Outstanding Checks:

Check 189 - $127.50

Check 191 - $462.19

Check 192 - $569.42

Check 194 - $881.73  $2,040.84

Bank charges = $20.00

Checkbook Adjustment:

Balance as per checkbook      $16,462.35

Less Bank charges                           20.00

Adjusted checkbook balance $16,442.35

Transaction Analysis for Journal:

Bank Charges $20 Checkbook $20

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Question Completion:

Journalize the adjusting entry for the checkbook balance and prepare the bank reconciliation statement.

Why does equiano blame the illness aboard ship on the ""improvident avarice"" of the slave traders?.

Answers

The slaves were brought on deck after they arrived in Barbados to be displayed to potential purchasers before being put up for auction.

What illness aboard ship on the ” improvident avarice”?

One person would read Equiano's tale as a trip from ignorance to knowledge, while another might see it as a journey from freedom into captivity and back again.

Once people learned about the terrible conditions slaves endured, they would be moved to want to abolish slavery.

Therefore, Because of the ship's confined quarters, nauseating smell, and scarcity of food are the main causes of disease. All of these elements are the result of the trader's foolishness and greed.

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soft pegs that are periodically adjusted are called group of answer choices snakes. managed floats. hard pegs. crawling pegs.

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Soft pegs that are periodically adjusted are called hard pegs.

A soft peg describes the sort of exchange rate regime applied to a forex to hold its value solid towards a reserve forex or a basket of currencies. Currencies with a gentle peg are halfway between those with a set or tough pegged alternate charge and those with a floating trade price.

In a tender peg exchange fee coverage, the forex marketplace typically determines a country's alternate price, but the authorities once in a while intervene to bolster or weaken it. In a tough peg change fee policy, the government chooses a trade price. A primary bank can intrude in change markets in two approaches.

A smooth peg is an exchange charge policy in which a government allows the change price to be set by means of the marketplace, but in some cases, especially if the change charge appears to transport hastily in one course, the primary bank will intervene in the marketplace.

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uestionsome economists argue that fiscal policy is pro-cyclical because of the:multiple choice question.uncertainty about the current state of the economy.inversion of the business cycle.conflicts in the economy.lags.

Answers

Uestionsome economists argue that fiscal policy is pro-cyclical because of the conflicts in the economy.

An economy is a region where products and services are produced, traded, and consumed. It is generally defined as "a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of scarce resources." An economy is a network of interconnected production and consumption activities that ultimately decide how resources are distributed within a community. The needs of those who live there and operate there are met by the production and consumption of goods and services as a whole. A system of production and exchange for goods is called an economy. A state will crumble if its economy is unsustainable. The 3 different and main types of economies are there they are  free market and command and mixed economies.

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cowboy bob signed an agreement with farmer joe under which cowboy bob agreed to purchase all the hay that farmer joe grew during the coming growing season. this contract will be:

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As long as both sides behave in good faith and Bob doesn't unexpectedly demand more hay than what was fairly projected, this contract will be enforceable.

What is a contract?A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties. The transfer of commodities, services, money, or a promise to transfer any of those at a later time is a common component of contracts.

The following are the top three types of contracts:

Fixed-price arrangements. Cost-plus agreements. Contracts for supplies and time.

In the given situation:

In a contract inked with farmer Joe, cowboy Bob committed to buying all the hay the latter would produce over the ensuing growing season.

As long as both sides behave in good faith and Bob doesn't unexpectedly demand more hay than what was fairly projected, this agreement will be enforceable.

Therefore, as long as both sides behave in good faith and Bob doesn't unexpectedly demand more hay than what was fairly projected, this contract will be enforceable.

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firms that adopt a(n) blank strategy have minimal need for integrating mechanisms because they are primarily concerned with local responsiveness. multiple choice question. localization global standardization transnational international

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Firms that adopt a localization strategy have minimal need for integrating mechanisms because they are primarily concerned with local responsiveness. The correct answer would be option A.

A company's localization strategy is a distinctive market technique it uses to handle the varying cultural norms, consumer behaviors, and purchasing patterns in each country it operates in.

It can be difficult to provide customers in a new foreign market with an user experience that appears familiar and natural to them. Developing localization strategy for each country ensures that consumers from other countries receive the same high-quality service they would anticipate from a local company.

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Joaquin moved from nicaragua to the united states. He learned to speak and write in english, changed his last names so that it would sound more "american," and no longer maintains any of his old culture’s styles of dress or customs. Joaquin has used which method of entering the majority?.

Answers

Joaquin has used assimilation  method of entering the majority .

What is a meaning of assimilation?

In order to assimilate, a group must adopt the characteristics of the dominant culture to the point where they are no longer recognizable from other members of the society. Assimilation is the most extreme example of acculturation because of this.

What does the word "assimilation" mean?

Assimilation is the process through which people and groups with different ancestries pick up the fundamental values, attitudes, and way of life of a welcoming culture.

Which four forms of assimilation are there?

A sound can sound like a nearby sound through the phonological process of assimilation. Assimilation can be full, partial, coalescent, progressive, regressive, or coalescent.

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the following data relate to the direct materials cost for the production of 50,000 automobile tires: actual: 725,000 lbs. at $3.00 per lb. standard: 730,000 lbs. at $2.95 per lb. a. determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. direct materials price variance $fill in the blank 1 direct materials quantity variance $fill in the blank 3 total direct materials cost variance $fill in the blank 5 b. the direct materials price variance should normally be reported to the . when lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the . when the favorable use of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to the

Answers

Explanation:

b. the direct materials price variance should normally be reported to the . when lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the . when the favorable use of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to the

what is the level of interdependence among departments (finance, marketing) in a business school? what kinds of coordination mechanisms might be used to handle that interdependence?

Answers

Following are the three levels of interconnectedness that affect organizational structure:

What is the Parsons Thompson model?

The three layers or levels of the Parson and Thompson model describe what occurs in the enterprise and how a process or activity serves a particular goal.

Here is a summary of Thompson's levels of interdependence:

In order to create a team where each member contributes to the total, there are three types of interdependence that can be used.

In a business school, the degree of connection between the departments of finance and marketing is:

Structure of Reciprocal Interdependence.

There are various coordination techniques that might be applied to manage the interdependence, including:

complete cooperationextensive preparationMutual apprehension

We must demonstrate the many layers of interconnectedness and how they might be applied in diverse systems, such as a business school's finance or marketing department, in order to answer the issue.

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Compared with other phases of the new-product development process, the largest number of new-product ideas is rejected during the ____ phase.

Answers

In comparison of all phases of the new-product development process, the largest number of new-product ideas is rejected during the Screening phase.

What are new-product development stage?

The new product development means the process of bringing a new product to the marketplace; the firm may need to engage in this process due to changes in consumer preferences, increasing competition and advances in technology as well as to capitalise on a new opportunity.

The stages of the new product development process includes an idea generation, screening, concept development, product development and commercialization.

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The right to receive a proportionate share of any assets remaining after the corporation goes out of​ business, sells its​ assets, and pays off its liabilities is the right of.

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The proper to acquire a proportionate percentage of any property ultimate after the business enterprise is going out of​ business, sells its​ property, and can pay off its liabilities is the proper of liquidation.

The required details for Liquidation in given paragraph

Liquidation is the manner in accounting with the aid of using which a employer is delivered to an quit in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and plenty of different countries. The property and assets of the employer are redistributed. Liquidation is likewise now and again known as winding-up or dissolution, even though dissolution technically refers back to the closing degree of liquidation. The manner of liquidation additionally arises when customs, an authority or agency in a country chargeable for amassing and safeguarding customs responsibilities, determines the very last computation or ascertainment of the responsibilities or disadvantage accruing on an entry. Liquidation can also additionally both be compulsory or voluntary.

The term "liquidation" is likewise now and again used informally to explain a employer in search of to divest of a number of its property. For instance, a retail chain can also additionally want to shut a number of its stores.

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which of the following are signs of inflation? a. the price of a house in a high-demand market increased by 6% last year.

Answers

Some signs of inflation are (1) the price of a house in a high-demand market increased by 6% last year and (2) CPI in the European Union was 101 in 2017 and 104 in 2018.

What are signs of inflation?

Inflation means a rise in prices, which can also mean the decline of purchasing power over time. The rate at which purchasing power drops can be reflected in the average price increase of goods and services over some period of time. This rise in prices means a unit of currency effectively buys less than it did in prior periods. The opposite of inflation is deflation, which occurs when purchasing power increases since prices decline.

The question's multiple choices are incomplete. The multiple choices are most likely these:

(A)  Last year, the price of a house in a high-demand market increased by 6%.(B)  In the European Union, CPI was 101 in 2017 and 104 in 2018.(D)  As new production technologies make manufacturing cheaper, the price of lithium-ion batteries falls.

In that case, the correct options would be A and B.

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assume there is no government or foreign sector in the economy. if planned investment spending is $600 billion, planned saving is $900 billion, and real gross domestic product (gdp) is $15 trillion, then unplanned inventories will

Answers

The unplanned inventories will increase $ 300 billion

How to calculate unplanned inventories?

First, calculate the consumption by subtract the GDP by planned saving

consumption = GDP - planned saving

C = $ 15 trillion - $ 900 billion

C = $ 14,100 billion

Next, because the assumption there no government or foreign sector in the economy, then aggregate expenditure only consists of consumption and investment.

AE = C + I

AE = $ 14,100 billion + $ 600 billion

AE = $ 14,700 billion or $ 14.7 trillion

Unplanned inventories = GDP - AE

= $ 15 trillion - $ 14.7 trillion

= $ 300 billion

Thus, the unplanned inventories will increase $ 300 billion

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the italian bread company purchased land as a factory site for $55,000. an old building on the property was demolished, and construction began on a new building. costs incurred during the first year are listed as follows: demolition of old building $ 7,500 sale of salvaged materials (1,000) architect fees (for new building) 12,500 legal fees (for title investigation of land) 1,500 property taxes on the land (for the first year) 2,500 building construction costs 450,000 interest costs related to the construction 15,500 required: determine the amounts that the company should record in the land and the building accounts

Answers

The company should record the land and building at $65500 and $478000 respectively

The cost of reconstruction is defined as what it would cost to create a similar structure today utilizing the same materials, construction standards, design, layout, and quality. The MSB reconstruction cost includes additional expenditures for the contractors hired to do repairs and restorations, the construction itself, the property's location, demolition charges, and debris removal. These elements lead to a valuation that is higher than one for a brand-new building.

Particulars                                         Land                                    Building

Purchase price                         55,000

Demolition of the old building  7,500

Sales of salvage material         -1,000

Architect fees                                                                          12,500

Legal fees                                   1,500

Property tax                                     2500

Building construction cost                                                450,000

Interest cost related to construction                                  15,500

Total cost                                  65500                                478000

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The estimated units costs for Cole Co. are as follows: Estimated Cost Item Unit Cost Direct materials $32 Direct labor 20 Variable manufacturing overhead 15 Fixed manufacturing overhead 6 Variable selling 3 Fixed selling 4 a. What is Cole's estimated total variable costs per unit? b. Suppose Cole estimates to produce 12,000 units and sell 8,000 units during a month. What are Cole's estimated total costs?

Answers

Cole's estimated total costs are $680,000

Total fixed cost:

= 12,000 X ($6 + $4)= $120,000

Variable cost per unit:

= $32 + $20 + $15 + $3

= $70

Total cost:

= [8,000 X ($32 + $20 + $15 + $3)] + $120,000

= $680,000

Fixed costs are fees that do not vary with the quantity produced. Examples are interesting on debt, property taxes, and rent. Context: Economists also upload to constant cost the ideal go-back on capital that's sufficient to preserve that capital in its present use.

Agencies incur sorts of production expenses: variable and fixed charges. Variable fees alternate based on the amount of output produced. Variable prices can also consist of exertions, commissions, and uncooked materials. Constant expenses stay equal no matter the production output.

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Nelson is documenting all the steps it takes to recruit, hire, and onboard a new employee. What would be the best way to describe these steps?.

Answers

The best way to describe the steps is to define them in a systematic way.

Explanation:

For recruiting, Nelson should look for various alternatives where he can approach skilled group of people like institutions and colleges, placement agencies or he can also contact head hunters for highly skilled jobs.

For onboarding he should access the talent potential employee is bringing on the table considering the general market practice for such job and thus offering him a pay structure that would attract him to join keeping the best interest of the company in mind.

He should also make him clear the terms and conditions as per the job and providing him a healthy work environment and help him to get to know the people he will be working with.  

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When is Cyber Monday 2011?

Answers

November 28, Monday was Cyber Monday.

Cyber Monday refers to e-commerce sales on the Monday following Thanksgiving in the United States. It was developed by retailers to promote internet shopping. The phrase was created by Scott Silverman and Ellen Davis of the National Retail Federation, and it was first used in a press release by Shop.org on November 28, 2005, titled "'Cyber Monday' Quickly Becoming One of the Biggest Online Shopping Days of the Year."  The Monday following Thanksgiving is known as Cyber Monday, and the exact date varies from year to year, falling between November 26 and December 2.

Smaller retail websites now have the means to compete with bigger chains on Cyber Monday, which has evolved into the internet version of Black Friday.

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timberly construction makes a lump-sum purchase of several assets on january 1 at a total cash price of $840,000. the estimated market values of the purchased assets are building, $467,500; land, $289,850; land improvements, $37,400; and four vehicles, $140,250. problem 8-1a (algo) part 1-3 required: 1-a. allocate the lump-sum purchase price to the separate assets purchased. 1-b. prepare the journal entry to record the purchase. 2. compute the first-year depreciation expense on the building using the straight-line method, assuming a 15-year life and a $32,000 salvage value. 3. compute the first-year depreciation expense on the land improvements assuming a five-year life and double-declining-balance depreciation.

Answers

1. a. Allocate the lump-sum purchase price to the separate assets purchased.

Calculation of Percent of Total Appraised Value

Building= $439300*100/955000= 46%

Land= $286500*100/955000= 30%

Land improvements= $28650*100/955000= 3%

Vehicles= $200550*100/955000= 21%

2. Prepare the journal entry to record the purchase.

Date      General Journal                Debit                    Credit

Jan 01             Building                     $381800  

                     Land                             $249000  

     Land improvements                     $24900  

                   Vehicles                    $174300  

                         Cash                                                    $830000

 (To record the cost of lump-sum purchase)

Compute the first-year depreciation expense on the building using the straight-line method, assuming a 15-year life and a $29000 salvage value.

Depreciation expense= (Cost-Salvage value)/Number of useful life

= $(381800-29000)/15= $23520

Depreciation expense on building         $23520  

3. Compute the first-year depreciation expense on the land improvements assuming a five-year life and double-declining-balance depreciation.

Depreciation rate= 100/5*2= 40%

Depreciation expense= $24900*40%= $9960

Depreciation expense on land improvements $9960

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Required information
Types of Innovation
This exercise addresses the strategic implications of innovation for a firm's competitive advantage, as well as the impact of innovation on markets and industry life cycles overall. This goal of this exercise is to recognize the four types of innovation, based on the following product descriptions:
Canon Copier - While Xerox had been the dominant supplier for copiers worldwide, Canon redesigned the copier, so it didn't require professional service and the user could maintain the machine.
Ford Model T- Ford's introduction of the Model T exemplifies targeting new markets with the use of new technology
Gillette Fusion Rezor - Gillette sustains its competitive advantage by continually improving its blades. The company initially developer razors with one blade; it now has razors with six blades.
Coursera MOOCS-Coursera created havoc among traditional university methods by offering massive open online courses.
Match each company to the type of innovation for which it is known.
a. Incremental
b. Disruptive
c. Architectural
d. Radical
Match each of the options above to the items below.
1. Canon Copier
2. Ford Model
3. Gillette Fusion Razor
4. Coursera M0OCS

Answers

Canon copier  ----- Architectural innovation

Ford model T ----- Radical innovation

Gillette Fusion razor ----- Incremental innovation

Coursera MOOCs ---- Disruptive

Innovation is the practical implementation of ideas that result in the introduction of new items or services or improvement in presenting goods or services. ISO TC 279 within the trendy ISO 56000:2020 defines innovation as "a brand new or modified entity understanding or redistributing value".

Innovation can consult with some thing new, which includes an invention, or the exercise of developing and introducing new matters. An innovation is usually a new product, however it could also be a new manner of doing some thing or maybe a brand new way of wondering.

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Which of the following does not belong to the planning phase of project management? A)Monitoring Resources B)Defining the Project C) Goal Setting D) Team Organizaition

Answers

Monitoring Resources do not belong to the planning phase of project management.  

Project management is the process of organizing a team's efforts to complete all project objectives within the allotted time and budget constraints. Typically, this information is detailed in project documentation that is created at the start of the development process. The second challenge is to allocate resources as efficiently as possible and use them to carry out predetermined objectives.

To produce a finished project that meets the goals of the client is the goal of project management. In many instances, the goal of project management is also to restructure or modify the client's brief so that it can realistically address the client's objectives.

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kelly and tim browne plan to refinance their mortgage to obtain a lower interest rate. they will reduce their mortgage payments by $83 a month. their closing costs for refinancing will e $1,670. how long will it take them to recover the cost of refinancing?

Answers

It will take 20.1 months to recover the cost of refinancing

A mortgage, just like another other type of credit extended, may be refinanced. This occurs when there is the replacement of an existing mortgage agreement with another mortgage under different terms.

Refinancing refers to the procedure of changing the terms of an existing credit agreement, frequently one that has a loan or mortgage as its focus. When a person or company chooses to refinance a credit obligation, they are essentially looking to change the interest rate, the repayment schedule, and/or other contract terms in a way that benefits them.

In order to determine the amount of time will pass in order to recover refinancing costs, we must refer to the payment savings and calculate the following:

=1,670/83

=20.1 months

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