The Civil War sparked US industrialization. Industry, urbanization, and the mass urban workforce developed from the rapid spread of the railroad across the nation and the surpluses from mechanized agriculture. The industry grew steadily in the US labor force from 1840 to the early 1950s, interrupted only by the Great Depression.
This business spurred city building in Philadelphia, New York, Detroit, Chicago, and St. Louis. After the Second World War, suburbanization halted this development. Because of deindustrialization, the United States is no longer able to sustain a stable urbanized working class, which has led to the social and physical deterioration of metropolitan areas that have been only somewhat mitigated by the more recent urban gentrification and the concomitant service sector jobs.
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The right question is:
When more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, have become fewer and fewer.
(A) When more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, have become fewer and fewer.
(B) At the time that more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, become less and less.
(C) When more and more factories move out of the cities each year, then manufacturing jobs, historically the first step into the job market for the urban poor, become less and less.
(D) Since more and more factories have moved out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, have become less and less.
(E) As more and more factories move out of the cities each year, manufacturing jobs, historically the first step into the job market for the urban poor, become fewer and fewer.
coronado industries is preparing its direct labor budget for may. projections for the month are that 32600 units are to be producted and taht direct labor time is three hours per unit. If the labor cost per hour is $12, what is the total budgeted direct labor cost for May?
$799200.
$1296000.
$842400.
$820800.
The total budgeted labor cost for may is 1173600.
How to calculate the total budgeted labor cost?
In order to calculate the total budgeted labor cost, we have to import the number of units of production from the production budget and to multiply this by the standard number of labor hours for each unit.
Here we know that coronado industries is preparing its direct labor budget for may. projections for the month are that 32600 units are to be producted and taht direct labor time is three hours per unit. If the labor cost per hour is $12.
Now, we need to calculate the total budgeted labor cost.
As we know that,
Total units of production = 32,600
Cost per unit = $12
Then the total budgeted labor cost calculated as,
=> 32600 x 12 x 3
=> 1173600
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In 2010, the management consultancy McKinsey published research about the difference between organizations that produced top-performing products and those that produced under-performing products. The use of ________was a striking differentiatorMarketing research
In 2010, the management consultancy McKinsey published research about the difference between organizations that produced top-performing products and those that produced under-performing products. The use of Marketing research was a striking differentiate.
Advertising and marketing research is the systematic gathering, recording, and analysis of qualitative and quantitative records about issues referring to marketing services and products. The goal is to discover and check how changing elements of the advertising and marketing mix impact consumer conduct.
A number of the overarching desires that marketplace studies can assist organizations to accomplish, consist of making important business decisions, securing investments and investment, determining new commercial enterprise possibilities, or even fending off enterprise disasters.
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mosha realizes that he is coming dangerously close to burning out on his job as a cpa for a large manufacturing company because of the conflicting demands of his job. consequently, he has asked his supervisor to provide a specific job description and have a meeting to formulate specific job-related goals. this behavior is an example of which of the following coping strategies?
The correct Option is A. problem-centered coping, The goal of problem-centered coping is to identify the underlying causes of tension in order to manage tension- or stress-related disorders.
In order to manage tension or stress-related concerns, problem-centered coping looks for the root of the tension. In this instance, the person employed this coping mechanism to get by at work after realising that the conflicting demands of his position were very close to driving him to burnout. In this kind of coping mechanism, the person looks for assistance in resolving the issue and withdraws from the stressful situation while simultaneously attempting to eliminate the source of the discomfort.
Mosha realizes that he is coming dangerously close to burning out on his job as a CPA for a large manufacturing company because of the conflicting demands of his job. Consequently, he has asked his supervisor to provide a specific job description and have a meeting to formulate specific job-related goals. This behavior is an example of which of the following coping strategies?
a. problem-centered coping
b. appraisal-centered coping
c. instrumental support
d. emotion-centered coping
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the major competing economic systems between 1945 and 1990 were capitalism and economic communism (e.g., reliance on state ownership, command economies, etc.).
The major competing economic systems between 1945 and 1990 were capitalism and economic communism, effect in GDP dropped about 13% lower.
The economic communism is a type of economic system in which individual people do not own land, machinery or factories instead of this, the government or the community owns these things like land, machinery or factories. Everyone is supposed to share the wealth that they create.
The economic communism is controlled by the community which the makes the decisions regarding the economic communism.
The economic systems between 1945 and 1990 were capitalism and economic communism, effect in GDP dropped about 13% lower.
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Loonis Incorporated and Rhea Company formed LooNR Incorporated by transferring business assets in exchange for 1,000 shares of LooNR common stock. Loonis transferred assets with a $820,000 FMV and a $444,000 adjusted tax basis and received 820 shares. Rhea transferred assets with a $180,000 FMV and a $75,000 adjusted tax basis and received 180 shares. Compute Loonis and Rhea's realized and recognized gain on the exchange. Multiple Choice Loonis realized and recognized $376,000 gain. Rhea realized and recognized $105,000 gain. O Loonis realized $376,000 gain and recognized no gain. Rhea realized and recognized $105,000 gain. O Loonis realized $376,000 gain and recognized no gain. Rhea realized $105,000 gain and recognized no gain. There is not enough information to compute realized and recognized gain.
Compute Loonis and Rhea's realized and recognized gain on the exchange there is not enough information to compute realized and recognized gain.
The profit you realise from selling an asset counts as a recognised gain. Realized gains, which describe the amount of money you made from the transaction, are different from recognised gains. The basis, or the cost at which you acquired the asset, governs the amount of profits that can be recognised. The taxable component of realised gains resulting from the sale of an asset or combination of assets is known as recognised gain. Due to the use of tax deferral strategies like 1031 exchanges and other possible tax offsets like loss carryforwards, information to compute gains are often lower than realised gains.
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Income mobility refers to the movement over time of ______.
a) households from one job location to another
b) households from one income quintile to another
c) nations from one income quintile to another
d) households from one income source to another
Income mobility refers to the movement over time of households from one income quintile to another
Economic mobility refers to a person's, family's, or other group's capacity to raise (or reduce) their economic standing; it is typically quantified in terms of income. Movement between income quintiles is a common metric used to measure economic mobility. Social mobility, which is frequently gauged by changes in income, can be thought of as a subset of economic mobility.
Therefore, economic mobility refers to the opportunities that are open to a certain person. Economic mobility, however, is frequently more helpful when scaled to represent the whole opportunities in a district, city, or state. For instance, certain neighborhoods have a higher rate of upward mobility due to prior policy choices.
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which of the following statements is correct? firms aim to set as high an output price as possible. to maximize profits, firms set the wage at the level where the workers are indifferent between working and not working. in equilibrium, the wage clears the labour market, so there is no unemployment. if all firms set the same price and pay the same nominal wage, then the higher the real wage that they pay, the lower is their markup.
The statement" if all firms set the same price and pay the same nominal wage, then the higher the real wage that they pay, the lower is their markup" is correct.
Wage is referred as a payment usually of money for labor or services usually according to contract and on an hourly, daily, or piecework basis. often used in plural.
If all firms set the same price and pay the same nominal wage, then the higher the real wage that they pay, the lower is their markup. An increase in markups (or a decrease of productivity) decreases the real wage and leads to an increase in the natural rate of unemployment. The amount of markup allowed to the retailer determines the money he makes from selling every unit of the product. Higher the markup, greater the cost to the consumer, and greater the money the retailer makes.
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If a company uses the allowance method for uncollectible accounts, a write-off of $800 will
decrease Allowance for Doubtful Accounts by $800.
increase Bad Debts Expense by $800.
decrease Bad Debts Expense by $800.
increase Allowance for Doubtful Accounts by $800.
If company uses allowance method for uncollectible accounts, write-off of $800 will debit to the allowance for Doubtful Accounts for $800 and credit to the Accounts Receivable for $800.
What is Accounts Receivable?Accounts receivable are legally binding demands for payment that a company holds for goods delivered or services rendered that clients have requested but have not yet paid for. They typically take the form of invoices that a firm issues and sends to the client for payment within a predetermined time limit. These can be contrasted from notes receivable, which are obligations established by formal legal documents called promissory notes. In the event that an account receivable is due within a single fiscal year or calendar year, it is categorized as a current asset. You must debit a receivables and credit a revenue account to create a journal entry for a sale made on credit. One debits cash and credits a receivable inside the journal entry when the customer settles their accounts.
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to change how cells appear, you use conditional formatting. then, to highlight cells with a value of at least $100, you choose to format cells if they have a value greater than or equal to 100.
When you want to change cells that appear you can use conditional formatting. Conditional formatting helps you to give a sign in the value that you want. It is true.
Conditional Formatting (CF) is an element that lets you make configurations to a cell or scope of cells, and have that designing change contingent upon the worth of the cell or the worth of a recipe. Restrictive designing makes it simple to offer a hint in light of your desired qualities to feature or make explicit cells simple to distinguish. A cell range is performed in light of a condition (or models). The contingent designing is utilized to offer a hint to the cells that comprise values that meet a specific condition.
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This question is not complete , here I am attaching the complete question:
TRUE/FALSE. to change how cells appear, you use conditional formatting. then, to highlight cells with a value of at least $100, you choose to format cells if they have a value greater than or equal to 100.
additional information a $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. the only changes affecting retained earnings are net income and cash dividends paid. new equipment is acquired for $74,600 cash. received cash for the sale of equipment that had cost $65,600, yielding a $3,700 gain. prepaid expenses and wages payable relate to operating expenses on the income statement. all purchases and sales of inventory are on credit.
Statement of Cash Flows for the Year Ended June 30, 2018 for IKIBAN INC. Flows of money from operations Net Income: 147,510 dollars adjustments to balance the income statement and net income.
The sources of the company's cash inflow and the specifics of its cash outflow are shown in the statement of cash flow. Cash flow statements are made using direct and indirect methods. The three primary components of the cash income statement are the cash flow from operating activities, the cash flow from investing activities. The term "cash flow from operating activities" refers to the money made from ongoing, routine business operations.
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Select all that applyWhich of the following are advantages to using a standard cost system? (Check all that apply.)
Standards can provide benchmarks that can be used by individuals to judge their own performance.
Too much emphasis on standards can impede other objectives.
Standards provide feedback that can reduce employee morale.
Standard costs can simplify bookkeeping.
Standards can provide benchmarks that can be used by individuals to judge their own performance.
Standard costs can simplify bookkeeping.
The advantages to using a standard cost system will be standard costs can simplify bookkeeping, standards can provide benchmarks that individuals use to judge their own performance.
Standard cost systems make use of standard costs, which are the budgeted or estimated costs deemed to be necessary to manufacture a single unit of product or perform a single service. Standards are traditionally established for each component (material, labor, and overhead) of product cost.
Standard cost accounting is a traditional cost accounting method introduced in the 1920s, as an alternative for the traditional cost accounting method based on historical costs
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U.S. was at macro equilibrium and full-employment Qf and P1. The U.S. goes to war, government spending increases.
Which way will aggregate demand move? _____(increase or decrease)
What macroeconomic problem arises _____(e.g. unemployment, inflation, slow growth)
If the fed uses OMOs, they must _____(buy or sell) bonds to fix these macro problem(s) and get aggregate demand back to Full-Employment.
a) Aggregate demand would increase.
b) Inflation would occur.
c) If the uses OMOs, they must sell bonds to fix the macro problems.
Government spending is the phrase for the amount that a nation's administration uses to support its people. The tax money collected from the populace is the main source of equilibrium source money used by the ruling party.
Both macroeconomic equilibrium and macroeconomic policy refer to the state of a larger economic system. Despite macroeconomic equilibrium, the stock market crashes.
a) A market crash would damage consumer and corporate confidence. Demand overall will slant to the left.
b) Slow growth will result from lower demand. In this case, inflation is unlikely.
c) To increase demand, the Fed will have to decrease interest rates. It will have to purchase bonds on the open market in order to cut interest rates.
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Which of the following would be the theoretical outcome of contractionary fiscal policy in the following aggregate demand aggregate supply model, where LRAS is long-run aggregate supply and SRAS is short-run aggregate supply? Price level Real GDP 2 g = 4 a. The aggregate demand (AD) curve would shift from AD, to AD, b. The short-run aggregate supply (SRAS) curve would shift from SRAS to SRAS. c. The short-run aggregate supply (SRAS) curve would shift from SRAS, to SRAS. d. The aggregate demand (AD) curve would shift from AD to AD, at the same time that the SRAS curve would shift from SRAS, to SRAS. e. The aggregate demand (AD) curve would shift from AD to AD
In such a case the aggregate demand (AD) curve would shift from AD1 to AD2.
A contractionary fiscal policy lowers government spending or raises taxes to lower the total level of demand in the economy. A change from AD1 to AD2 in the aggregate demand (AD) curve can be used in the model to illustrate this. A decrease in the total amount of demand in the economy is shown when the AD curve swings to the left. A fall in government spending, an increase in taxation or a decline in consumer or company confidence are just a few causes.
Theoretically, this will result in a drop in both the price level and real output. This is so that businesses can try to sell their products by lowering their pricing and production in response to a decline in demand. The short-run aggregate supply (SRAS) curve will shift to the left as prices decline and real output declines, and the economy will move from the point of intersection between SRAS and AD1 to the point of intersection between SRAS and AD2. Thus, Real output and price level will decline. In the long run, the economy's position on long-run aggregate supply (LRAS) curve will revert to its initial value, and real output and price levels will do the same.
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the formula to compute cash receipts or cash payments for operating cash flows using the direct method is: multiple choice revenue or expense plus cash receipts minus cash payments revenue or expense plus or minus adjustments for changes in related balance sheet accounts cash receipts or cash payments plus adjustments for changes in related income statement accounts revenue or expense plus or minus adjustments for changes in related income statement accounts
Using the direct method of reporting operating cash flows, the formula to compute cash receipts or cash payments is revenue or expense plus or minus adjustments for changes in related balance sheet accounts equals cash receipts or cash payments.
A cash flow announcement shows the exact quantity of an organization's coins inflows and outflows over a time period. The earnings declaration is the maximum commonplace monetary announcement and shows an agency's revenues and total costs, inclusive of noncash accounting, which includes depreciation over a period of time.
So, is cash flow similar to profit? No, there are stark differences between the 2 metrics. coins go with the flow is the money that flows inside and out of your commercial enterprise for the duration of a given period, at the same time as earnings are anything that stays out of your revenue after costs are deducted.
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if a security plots below the security market line, it is: offering too little return to justify its risk. a defensive security, which expects to offer lower returns. underpriced, a situation that should be temporary. ignoring all of the security's specific risk.
If a security plots below the security market line, it is offering too little return to justify its risk.
An illustration of the capital asset price concept is the security market line. It shows how systematically non-diversifiable risk affects the expected rate of return of a single investment. An undervalued investment is one that is charted above the SML. Security is overpriced below the line. The CAPM is a tool that fundamental analysts use to identify risk premiums, assess company finance decisions, find cheap investment possibilities, and compare businesses across industries.
The securities market helps the economy allocate financial resources in an effective manner. Savings/investors may use a lot of time and money looking for people, businesses, and governments that provide good investment prospects if there were no securities market.
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consider the following diagram. which answer provides the best interpretation of the multiplicities for the association between the sales orders class and the cash receipts class?
The best interpretation of the multiplicities for the association between the sales order class and the cash receipts class is Customers may pay for sales orders in multiple payments, which means option C is correct.
Sales order is generally issued by the seller (trader) to the customer which specifies all the details such as quantity, order type, order data, terms and conditions etc. so that the customers get complete detail about any product.
Cash receipts are the invoices which are generated when any final deal is made between seller and buyer in which all the amount, taxes, transaction date, firm name and authorized seal or signature are duly printed so that one can claim for any warranty or repair in case of need.
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To refer to complete question, see below:
Consider the following diagram. Which answer provides the best interpretation of the multiplicities for the association between the Sales Orders class and the Cash Receipts class?
A single cash receipt may apply to only one sales order.Sales orders and cash receipts must be entered into the system at the same time.Customers may pay for sales orders in multiple payments.An employee might never record a sales order.burrito king (a new fast-food franchise opening up nationwide) has successfully automated burrito production for its drive-up fast-food establishments. the burro-master 9000 requires a constant 50 seconds to produce a batch of burritos. it has been estimated that customers will arrive at the drive-up window according to a poisson distribution at an average of one every 65 seconds. to help determine the amount of space needed for the line at the drive-up window, answer the following questions.
The average length of a car is approximately 14.7 feet. Car sizes vary depending on manufacturer and model, but standard automobiles and trucks are typically between 10 and 18 feet long.
A midsize sedan is about 14 feet long, while a smaller car, like a Mini Cooper, is about 10 feet long. A typical car has approximately 30,000 parts. From welding to full engine average length to painting, it takes automakers about 18 to 35 hours to produce one mass-market vehicle once those parts are manufactured and brought to the final production line. When following a vehicle, you should travel three seconds behind the vehicle in front to allow enough time to avoid a collision
The que was incomplete the complete que is this:
To help determine the amount of space needed for the line at the drive-up window, answer the following questions.
a. What is the average length (in cars)?
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an auditor was unable to obtain audited financial statements or other evidence supporting an entity's material investment in a large foreign subsidiary. between which of the following reports should the auditor choose?
An auditor was unable to obtain audited financial statements or other evidence supporting an entity's material investment in a large foreign subsidiary. Between qualified and disclaimer reports should the auditor choose.
An auditor is a person or a corporation that a business hires to conduct an audit. To work as an auditor, one must satisfy the qualifications set forth by the body that regulates accounting and auditing. The auditor has a responsibility to plan and conduct the audit in order to get a reasonable assurance regarding the absence of a significant deception in the financial statements, whether caused by fraud or error.
A company's financial records are examined by an auditor to see if they are accurate and compliant with the law. To make sure that their financial records are correct and compliant with the law, auditors examine the accounts of businesses and other organizations.
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organizations that intend to keep their prices fixed, as they are content with their market share and profits, will most likely adopt a pricing objective.
Organizations that intend to keep their prices fixed, as they are content with their market share and profits, will most likely adopt a status quo oriented pricing objective.
A share, which can also refer to shares of mutual funds, limited partnerships, and real estate investment trusts, is a unit of equity ownership in the capital stock of a firm in the financial markets. The term "share capital" describes all of an organization's shares.
A shareholder of a corporation is someone who owns shares in the firm. A share represents the ownership connection between the firm and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market value of those shares, is its denominated value. The entire face value of issued shares is a company's capital.
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taskmaster enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. taskmaster has established the following standards for the prime costs of one unit of product. standard standard quantity price direct materials 10pounds $1.98per pound direct labor 0.31 hour $11per hour during november, taskmaster manufactured 18,167 units of product during november using 152,794 pounds of direct materials and 4,841 direct labor hours.
The efficiency variance will be $24,000.00 . It positive value show that it will be favorable.
The given data:
std quantity 147,000.00 (7 pounds per unit x 21,000 units)
actual quantity 132000.00
std cost $1.60
difference 15,000.00
efficiency variance $24,000.00
The difference is positive so the variance is favorable.
The variable overhead flexible-budget variance represents the discrepancy between the actual variable overhead costs and the variable overhead expenses in the flexible budget. The variable overhead efficiency variance represents the utilization efficiency of the cost-allocation base. Because more time was really put in than was necessary to produce 4,500 units in a month, Peterson Corporation's variable overhead efficiency variance is $10,000 less than it should be. The following elements might offer a helpful variable overhead efficiency variance.
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Which of the following is not an example of effective conflict resolution:
Group of answer choices
Project manager decides
Consensus among peers
Higher-level manager decsion/involvement
Utilization of a board of experts
Project manager decides is not an example of effective conflict resolution.
Which approaches to conflict resolution are most effective?Discussing needs that aren't being satisfied on both sides requires that both parties agree on what the problem is. Become as knowledgeable as you can about the perspectives of each side. When you're sure that everyone in the conflict understands the situation, stop asking questions.
What is the best method for resolving disputes?The objective is to reach a shared understanding of the problem, the part that each person is playing in the conflict, and what some potential solutions might be. This is a time for brainstorming, listening skills, and being open to diverse ideas.
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Which of the following is least likely to influence demand for a product?
Group of answer choices
The effectiveness of other marketing mix variables
The presence of substitute goods
The economic environment.
Changes in buyers' needs
Changes in manufacturing capacity in the industry
Answer:
1, Changes in buyers' needs
2. The effectiveness of other marketing mix variables
Explanation: If you have a product then should be useful for your buyer and It should be the actual product that you are advertising.
Look I have a website visit it( Ammunition and Gun Shop) and see how it is arranged.
________ occur as a result of changes in the value of currency, whereas ________ occur as a result of ongoing business activities.
(1)translation gains and losses (2) Operating gains and losses. While the latter emerge from continuous business operations and the former are caused by changes in the value of the local currency.
Translation gains are the profit that results from exchanging one floating currency for another, and then returning to the original currency once it has lost value.
Consider exchanging one million dollars for 500,000 pounds, which indicates that the exchange rate was two dollars per pound.
When the exchange rate drops to three dollars per pound later, if you still have those 500,000 pounds and convert them back to dollars, you'll find yourself with $1,500,000.
The translation advantage in this instance is $500,000.
Whereas, Operating Income is An indicator of how much of a company's revenue will ultimately turn into profits is its operating income, which takes into account how the firm is run.
It's a way to gauge how much money a business makes by focusing just on its core operations.
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commercial banks
primary depository institutions that accept the deposits of households and businesses, keep the money safe until it is demanded via checks, and in the meantime use it to make available a wide variety of loans
In the United States, there are three main categories of depository institutions. These include credit unions, commercial banks, and thrifts (which also include savings and loan organizations and savings banks).
A commercial bank is a kind of financial organization that accepts deposits, provides checking account services, makes business, personal, and mortgage loans, and gives customers access to fundamental financial products including certificates of deposit (CDs) and savings accounts.
Commercial banks are those for-profit organizations that accept public deposits and lend money to people like households, businesspeople, and entrepreneurs.
A commercial bank is a type of financial organization that handles all activities relating to public money deposits and withdrawals, lending money for investments, etc.
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An increase in the money supply causes:
a. interest rates to fall, investment spending to rise, and aggregate demand to rise
b. interest rates to rise, investment spending to rise, and aggregate demand to rise
c. interest rates to rise, investment spending to fall, and aggregate demand to fall
d. interest rates to fall, investment spending to fall, and aggregate demand to fall
An increase in the money supply causes a. interest rates to fall, investment spending to rise, and aggregate demand to rise.
Hence, Option A is correct.
What do you mean by Money supply?
The entire amount of money owned by the public at a specific time is referred to as the money supply in macroeconomics. Although there are many ways to define "money," common measurements often involve circulation of money and demand deposits.The money aggregates, also referred to as M1, M2, and M3, are measurements of the US money supply. Money in circulation (M1) also includes checkable bank deposits. Savings deposits under $100,000 as well as money market mutual funds are included in M2, in addition to M1. Large time deposits in banks are added to M2 to create M3.To know more about Money here
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Fran Powers created the following budget and reported the actual spending listed. Calculate the variance for each of these categories, and indicate whether it was a deficit or a surplus. (Input all amounts as positive values.) Actual $ 311 $ 381 $986 $192 $ 239 Variance Item Food Transportation Housing Clothing Personal Budgeted 355 339 940 $ 139 319 Deficit/Surplus (Click to select) (Click to select) (Click to select) (Click to select) (Click to select)
Item Budgeted Actual Variance Deficit/Surplus are Food $ 360 $ 298 $ 62 surplus, Transportation $ 320 $ 334 $ 14 deficit ,Housing $ 950 $ 982 $ 32 deficit, Clothing $ 110 $ 134 $ 24 deficit and Personal $ 275 $ 231 $ 44 surplus.
In addition to theories of unemployment, several classifications of economic surplus, commonly referred to as gross welfare, total welfare, or Marshallian surplus in mainstream economics, are one of two closely related: The financial benefit that consumers derive from being able to purchase a good at a price less than the maximum price they are willing to pay is called consumer surplus or consumer surplus.
The amount that producers gain by selling at a market price higher than the lowest price they are willing to sell is called producer surplus and it is essentially equivalent to profit.
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Which of the following items should be included in Melay, Inc.’s summary of significant accounting policies for the current year? A.Operating segment sales for the current year are Alay $1M, Belay $2M, and Celay $3M. B.Future common share dividends are expected to approximate 60% of earnings. C.Property, plant, and equipment is recorded at cost with depreciation computed principally by the straight-line method. D.During the current year, the Delay Segment was sold.
Operating segment sales for the current year are Alay $1M, Belay $2M, and Celay $3M items should be included in Melay, Inc.’s summary of significant accounting policies for the current year.
Accounting policies are the precise tenets, foundations, customs, guidelines, and procedures that a company employs in the preparation and presentation of its financial statements. Principle of Revenue Recognition. The revenue recognition principle must be taken into account while documenting data about current year company. According to the concept of consistency, accounting methods and procedures have to remain constant from year to year. A company's financial statements must adhere to the same accounting principles, methodologies, practises, and processes from one accounting period to the next in order to be consiste.
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presented below is the 2024 income statement and comparative balance sheet information for tiger enterprises. tiger enterprises income statement for the year ended december 31, 2024 ($ in thousands) sales revenue $ 17,000 operating expenses: cost of goods sold $ 5,400 depreciation expense 440 insurance expense 1,100 general and administrative expense 3,800 total operating expenses 10,740 income before income taxes 6,260 income tax expense (2,504) net income $ 3,756 balance sheet information ($ in thousands) december 31, 2024 december 31, 2023 assets: cash $ 700 $ 400 accounts receivable 850 1,030 inventory 870 800 prepaid insurance 170 55 equipment 3,600 2,800 less: accumulated depreciation (1,240) (800) total assets $ 4,950 $ 4,285 liabilities and shareholders' equity: accounts payable $ 400 $ 560 accrued liabilities (for general
Retained earning Opening balance $480 Add: Net income $1,452 and Less: Retained earning closing balance $640 Paid dividend $1,292.
Why do you use the word stock?An ownership certificate for any company's stock is referred to as a stock in the generic sense. The stock certificate of a certain corporation is referred to as a share, on the other hand. You become a shareholder if you own stock in a specific business. Common and preferred stocks fall under this category.
Is investing in Bitcoin a wise choice?The most volatile and dangerous investment is bitcoin, the biggest cryptocurrency by market cap. If you have a high risk tolerance, sound financial standing, and the ability to afford to lose any money you put in it, you should only consider it.
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Review the following credit terms and identify the one that states that the buyer will receive a 3% discountil the payment is made within 15 days. Otherwise, full payment is expected within 45 days of the invoice date 3/15,1/45 O 3/10.6/45 3/15.eom/45 3/45, n/15
The complete payment is due 45 days from the invoice date, with a 3% discount if the payment is paid within 15 days is 3/15,1/45.
The purpose of a discount is to encourage or boost sales by lowering a product or service's usual price. Both manufacturers and merchants in numerous sectors employ these rebates, which are also sometimes referred to as sales or markdowns.
Discounts result in a lower product selling price, which increases its allure to buyers. Customers' psychological responses to price decreases influence them to make a buy. Cash discounts and transaction discounts are the two different types of discounts available.
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Too much taxation, an overuse of regulation, and limited choices in the broader business environment are likely to result ina. an increase in global trade. b. a social crisis. c. a decrease in entrepreneurial activities. d. an increase in the level of personal freedom.
Too much taxation, an overuse of regulation, and limited choices in the broader business environment are likely to result in a decrease in entrepreneurial activities. Hence, the option c is correct.
In the given question, too much taxation, an overuse of regulation, and limited choices in the broader business environment are likely to result in:
A person who starts a firm with the intention of making money by taking on financial risk is referred to as an entrepreneur. Simply put, entrepreneurial thinking is the process of identifying business-beneficial opportunities in the marketplace and making plans to take advantage of them.
Owning a business may be rewarding, and a new business owner can make it successful by committing to the task at hand, properly planning and carrying it out, and developing long-term success plans.
Hence, too much taxation, an overuse of regulation, and limited choices in the broader business environment are likely to result in a decrease in entrepreneurial activities.
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