John Maynard Keynes was a British economist who believed that stickiness in wages and prices could block adjustments to full employment.
Who is John Maynard Keynes?John Maynard Keynes was a famous British economist during the Great Depression and he was born on the 5th of June 1883. During the Great Depression, John Maynard Keynes advocated and promoted expansionary actions to encourage economic recovery, which was typically part of the Keynesian economic framework.
According to the Keynesian economic framework, it is assumed that both prices and wages are considered as being sticky and as such, they do not adjust rapidly, thereby, making an economy's recovery from a recession to be very slow while blocking adjustments to full employment.
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Complete Question:
_______ was a _______ economist who believed that _______ in wages and prices could block adjustments to full employment.
which of the following sequences of create table statements for happy insurance database is in correct order? group of answer choices create table client create table agent create table area create table agent create table client create table area create table area create table client create table agent none of the above create table area create table agent create table client
The right order for the following sequences to generate table statements for the joyful insurance database is create table area; create table agent; create table client;
Insurance is a contract wherein one insurer defends another against losses resulting from particular calamities or risks. It enables the insured individual or their family to be protected from financial loss. There are several different types of coverage regulations. The most common types of insurance are life, health, homeowners, and vehicle. Its goal is to lessen financial uncertainty and make unintended loss feasible. It does this by exchanging the concept of the risk of a large loss and a commitment to pay in the event of one with the payment of a modest, regarded price—a coverage premium—to a professional insurer.
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Mid-Valley Industrial Extension Service, a state-sponsored agency, provides water quality sampling
services to all business and industrial firms in a 10-county region. Last month, the service purchased
all necessary lab equipment for full in-house testing and analysis. Now, an outsourcing company
has offered to take over this function on a per-sample basis. Data and quotes for the two options
have been collected. The MARR for government projects is 5% per year and a study period of 8
years is chosen.
In-house: Equipment and supplies initially cost $125,000 for a life of 8 years, an AOC of $15,000,
and annual salaries of $175,000. Sample costs average $25. There is no significant salvage value
for the equipment and supplies currently owned.
Outsourced: Cost averages $100 per sample for the first 5 years, increasing to $125 per sample for
years 6 through 8.
Determine the breakeven number of tests between the two options. Determine the breakeven point
spreadsheet functions necessary to perform the analysis.
The service director has asked the outsource company to reduce the per sample costs by 25% across
the board over the 8 years. Will this increase or decrease the breakeven point? (Hint: Prior to
answering, look carefully at your graph before cost reduction).
We must compare the total expenditures of each option during the 8-year research period in order to estimate the breakeven number of tests between the two options.
What is Break Even Point ?Total costs are calculated as follows: $125,000 + $15,000 + $175,000 * 8 = $1,275,000 (Equipment and supply cost + AOC + Annual Salaries * Number of Years).
The following formula can be used to determine the overall costs for the outsourced option: Total expenses are calculated as follows: (Number of tests * Cost per test) + (Number of tests * Cost per test + Cost increase percentage) = (Number of tests * $100) + (Number of tests * $100 * 0.25)
= Number of tests * (1 + 0.25) * $100. Step 2 of explanation We can make a spreadsheet with the following columns to compare the two choices: Amount of tests: The range of values in this column should reflect the potential number of tests.
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first securities of new jersey, inc., is a broker-dealer that has its only offices in new jersey, where most of its clients reside. first securities a
The only offices of broker-dealer first securities of new jersey, inc. are located in the state of new jersey, where the majority of its clients live. first securities a New Jersey and New York.
The precise authority and obligation to determine whether information is material and whether it is adequately accessible to serve as the foundation for investment choices should fall within the purview of a single supervisor or compliance officer.
Registration cannot be denied solely on the grounds of insufficient experience if the broker/dealer qualifies due to education or experience. If the applicant wilfully breaches the Uniform Securities Act, is bankrupt, or has been prohibited from conducting the securities business, registration may be refused.
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The efficient market hypothesis . A. implies that security prices properly reflect information available to investors B. has little empirical validity C. implies that active traders will find it difficult to outperform a buy-and-hold strategy D. has little empirical validity and implies that active traders will find it difficult to outperform a buy-and-hold strategy E. implies that security prices properly reflect information available to investors and implies that active traders will find it difficult to outperform a buy-and-hold strategy
E. Suggests that securities prices accurately represent information that investors have access to and that it will be challenging for active traders to beat a buy and keep strategy.
Why do they require Jamie to work in security?Jamie saw the murder happen and was put in protective custody so she could testify against the perpetrators. Eddie promises to keep maria safe by putting her in a supply closet and keeping in radio contact with her.
What occurs during security?An eleven-year-old girl who is hunted by a gang for taking part as a trial witness is shielded by a security guard. Antonio Banderas plays an ex-special operations soldier who, out of luck and in need of employment, accepts a position as a watchman at a dilapidated mall in.
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you are trying to decide between two vacation options for the summer. the first option is a cruise through the caribbean sea that you have determined would provide you with 98,000 utils of satisfaction and will cost $2,800. the second option is a beach vacation in the florida keys that you have determined would provide you with 74,000 utils of satisfaction and will cost $1,850. assuming both options are affordable, you would choose to take vacation.
You would choose to cruise through the Caribbean Sea as it provides higher satisfaction.
Based on the information provided, you would choose the cruise through the Caribbean Sea as it provides higher satisfaction (98,000 utils) compared to the beach vacation in the Florida Keys (74,000 utils).
Additionally, both options are affordable, with the cruise costing $2,800 and the beach vacation costing $1,850. Therefore, considering the higher level of satisfaction and affordability, the cruise through the Caribbean Sea would be the preferred vacation option in this scenario.
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saf-t lenders, inc., takes possession of tiara's stock in urgent care corporation to perfect saf-t's security interest in the stock. this is
Saf-T Lenders, Inc., action to take possesion of Tiara's stock to perfect Saf-T's security interest in stock is a form of a pledge asset transaction.
Plegde asset is an asset a borrower owns that serves as collateral for a loan. Pledge asset might include real estate, equipment, investment account, stock ownership, and more. By having a pledge asset, lenders can seize it if the loan is not paid in full by the borrower.
Pledge asset is used to secure a debt or loan and typicall required to reduce both the down payment for a loan and the interest rate charged. The asset used as a pledge asset should provide a better interest rate or repayment terms for the loan.
After transfer a pledge asset, a borrower still maintains ownership of the asset. The borrower also has right to continuously earn interest or capital gain from the asset. By transfering pledge asset, the borrower can avoid tax penalties or capital gains taxes from selling the asset.
However, the pladge security might have limited ability to trade if the investment are stocks or mutual funds. The borrower is also at risk of losing both the pledge asset and the loan in the event of default. If the pledge asset value is declined along the time, the lender may demand for any additional funds. Pledgung assets carries default risk since there is no control over the borrower's repayment.
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Dividends in arrears on cumulative preferred stock must be paid before common stockholders can receive a dividend. should be recorded as a current liability until they are paid. enable the preferred stockholders to share equally in corporate earnings with the common stockholders. are shown in stockholders’ equity of the balance sheet.
Prior to the payment of cumulative preferred stockholders' arrear dividends, common stockholders cannot receive a dividend.
How do dividends function?A corporation must distribute its profits to its shareholders as a dividend.
When a corporation makes a profit or has a surplus, it has the option of paying a dividend to its shareholders with a portion of that profit. Any remaining money is confiscated and put back into the business (called retained earnings).Both the profit from the current year and the retained earnings from earlier years are eligible for distribution because a corporation is normally not permitted to pay a dividend out of its capital. The amount can be paid if the corporation has a dividend reinvestment plan by issuing extra shares or by repurchasing shares. Alternately, a cash payout to shareholders is an option (often a deposit into a bank account). Assets may occasionally be included in the distribution.
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Dmitri has difficulty finding parking in his neighborhood and, thus, is considering the gamble of illegally parking on the sidewalk because of the opportunity cost of the time he spends searching for parking. On any given day, Dmitri knows he may or may not get a ticket, but he also expects that if he were to do it every day, the average amount he would pay for parking tickets should converge to the expected value. If the expected value is positive, then in the long run, it will be optimal for him to park on the sidewalk and occasionally pay the tickets in exchange for the benefits of not searching for parking.
suppose that dmitri knows that the fine for parking this way is $100, and his opportunity cost (oc) of searching for parking is $15 per day. that is, if he parks on the sidewalk and does not get a ticket, he gets a positive payoff worth $15; if he does get a ticket, he ends up with a payoff of $ .
If Dmitri gets a ticket of parking he will end up with a negative payoff equal to $85.
Whenever a consumer finds it difficult to purchase any product then the value of the next best alternative that the consumer will purchase is known as the opportunity cost. It occurs in day to day life in the life of an individual. In this case Dmitri finding the best possible way of parking is the opportunity cost for Dmitri. Now if Dmitri parks his car on the sidewalk and does not get the ticket he gets a positive payoff of $15 but if he gets a ticket he will end up on a negative payoff which is expressed as
Negative Payoff = Cost of finding a legal parking - ticket charge
Negative Payoff = $15 - $100
Negative Payoff = -$85
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FILL IN THE BLANK. the small business administration coordinates a group of___in the elan program who provide free initial consultations to small businesses on export matters.
The small business administration coordinates a group of international trade attorneys in the ELAN program who provide free initial consultations to small businesses on export matters.
To obtain an IEC number, which form must Indian exporters submit?Click the "Submit and Generate IEC Certificate" button after filling out the application form (in ANF 2A format), uploading the required documents, and paying the required fees.
Companies can get a wide range of international trade expertise from the U.S. Commercial Service (CS), which is part of the International Trade Administration of the U.S. Department of Commerce. Organizations can track down help locally in excess of 100 U.S. Business Administration workplaces from one side of the country to the other and in excess of 70 worldwide workplaces.
The primary document that the customs office uses to grant permission for the export is the shipping bill. The export goods, the ship's name, the ports where the goods will be discharged, the country of final destination, and the exporter's name and address are all included in the shipping bill.
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A firm can achieve a higher growth rate (within limits) without raising external capital by
a increasing the proportion of debt in its capital structure.
b increasing its current ratio.
c decreasing its days in inventory period.
d decreasing its plowback ratio.
The correct answer to the given question of higher growth rate is option c) decreasing its days in inventory period.
External financing, as used in the theory of capital structure, refers to money that businesses borrow from sources other than themselves. Contrast this with internal financing, which mostly comprises of profits held back by the company for investment. External finance comes in a variety of forms. Trade credit, accounts payable, and taxes owing to the government are all examples of external funding in addition to the two primary types, equity offerings (IPOs or SEOs). Due to the fact that obtaining external finance frequently involves a transaction cost for the company, it is generally believed to be more expensive than obtaining internal funding.
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mark successfully completed a very challenging assignment given to him by his supervisor at work. the feeling of accomplishment and satisfaction mark experiences is an example of an extrinsic reward.
The feeling of accomplishment and satisfaction mark experiences is an example of an extrinsic reward intrinsic reward.
One of the finest HR demanding situations going through groups in 2022 is not simply locating talent—it's preserving talent. According to Gartner, 48% of HR leaders are extensively worried approximately worker turnover withinside the following couple of months (complete content material to be had to Gartner clients).
The characteristic of personnel employees is to offer recommendation and help to line employees. Since a legal professional for a production enterprise might offer criminal recommendation and help, she or he might be serving in a personnel position.
Accepts obligation for mistakes. Complies with set up manage structures and rules. Anticipates and meets the wishes of each inner and outside customers. Delivers splendid merchandise and services; is dedicated to non-stop improvement.
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vantagescore is the second most popular credit score behind fico. which of the following statements is correct regarding vantagescore? question 14 options: vantagescore was created by equifax. the range for the vantagescore is from 500 to 1,000, with 1,000 as the highest. vantagescore puts more weight on the previous 24 months of payments as compared to the fico score. vantagescore is the dominant credit score
All three credit agencies, Experian, Equifax, and TransUnion, worked together to produce Vantage Score. Based on the Vantage Score model, your TransUnion Vantage Score is valid.
The credit of base FICO® Ratings is 300 to 850, whereas the range of FICO's sector-specific scores is 250 to 900. The current Vantage Score 3.0 and 4.0 employ the same 300-to-850 range as base FICO® scores, unlike the produce two editions of the Vantage Score, which had a range from 501 to 990. The most up-to-date iterations of the FICO Score and VantageScore credit-scoring models, FICO Score 8 and VantageScore 3.0, are the most accurate credit scores.
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FILL IN THE BLANK an mnc's cash flows are likely to be less volatile if its percentage of foreign sales is ____and the number of foreign countries it sells products to is ________
FILL IN THE BLANK an mnc's cash flows are likely to be less volatile if its percentage of foreign sales is high and the number of foreign countries it sells products to is large.
When a foreign currency is perceived by using an MNC to be undervalued?When a overseas foreign money is perceived by way of a company to be undervalued, the firm may additionally consider direct overseas funding in that country, as the preliminary outlay have to be rather low. eleven Consider a u . s . a . that nowadays has a excessive level of unemployment because of weak monetary conditions.
How does MNC minimize exchange rate risk?Hedging in opposition to alternate rate movements can limit the uncertainty surrounding future cash flows. The hedging technique can stabilize an MNC's revenue, expenses, earnings, and cash flows.
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https://brainly.com/question/13312055#SPJ4sales management consists of three interrelated functions: , sales plan implementation, and salesforce evaluation. multiple choice sales plan formulation salesforce size determination salesforce identification salesforce communication salesforce training
Sales management consists of three interrelated functions, sales plan formulation, sales plan implementation, and salesforce evaluation.
Sales management is the process by which sales managers coordinate, inspire, and guide their sales representatives while monitoring and enhancing group performance. This entails identifying top talent, developing sales people, coordinating activities across the sales department, and putting in place a cogent sales strategy that boosts revenue generation for the company.
Imagine it like a sports team. A top-tier baseball club without a coach? Have you heard of such a thing? Obviously not. The coach gives the players the direction, motivation, plan, and training necessary to gain significant victories. The finest sales managers run their businesses in a similar manner, motivating, instructing, and directing their people to increase sales. Consistent revenue growth, a content staff, and significant commissions are all benefits.
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Which of these is not a unit-level activity? A. Assembling B. Painting C. Sewing D. Purchase ordering
Answer:
Purchase Ordering
Explanation:
Purchase Ordering is not a unit level activity.
The standard cost of Product B manufactured by Pharrell Company includes three units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70 per unit, and 29,000 units of direct materials are used to produce 9, 400 units of Product B. Instructions (a) Compute the total materials variance and tin-;>> and quantity variances. (b) Repeat (a), assuming the purchase price is $5.15 and the quantity purchased and used is 28,000 units.
(a) The total materials variance 4700 favorable and quantity variances 4000 unfavorable. (b) The total materials variance 3200 favorable and quantity variances 1000 favorable.
Components that go into a produced item are known as direct materials. For instance, the direct materials used in the creation of a smartphone are the screen, integrated circuits, camera modules, and buttons. Contrast this with indirect materials, which are components of the overall manufacturing process but do not appear in the finished product. Direct materials procurement is seen as having high stakes since it has a significant impact on supply chain effectiveness, client sales, and ultimately a company's top and bottom lines. Additionally, managing direct materials costs is more than just a business responsibility in today's highly dynamic, international supply chains; it's also a chance to achieve a strategic competitive edge.
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FILL IN THE BLANK. ________ are the deeply held beliefs that guide behavior and tell members of an organization how to perceive and think about things.
A member of an organization conduct is dictated by assumptions, which are ingrained beliefs that shape how they view and think about the world.
What kinds of organizational behavior are there?The three basic theoretical frameworks for organizational behavior are cognitive, behaviorist, and social learning frameworks. These frameworks were used as the foundation for the organizational behavior model.
What three kinds of organizational control are there?Executives can monitor how well the organization is operating, spot problem areas, and then take appropriate action to resolve the issues using organizational control systems. Executives have access to three different sorts of control systems: output control, behavioral control, and clan control.
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steven is looking at banks for checking and savings accounts. some offer home loans and others do not. steven may need a home loan sometime in the next few years. but he wonders if he should really ask what kinds of loans the bank makes, because he is getting a checking account, not a home loan. which statement below gives the best reason for steven to consider loan availability in choosing a checking account?
The best reason for Steven to consider loan availability in choosing a checking account is that if he needs a home loan in the future, he will have a relationship with the bank.
A loan is an act of one or more people, businesses, or other entities lending money to other people, businesses, or other entities. The recipient (i.e., borrower) incurs a debt and is often obligated to pay interest on that loan until it is repaid as well as to refund the primary amount borrowed.
When you apply for a loan, banks will review your CIBIL Score and Report to determine your credit history and credit eligibility. Your chances of having your loan application accepted are better the higher your score.
The above question is incomplete, the complete question is:
Steven is looking at banks for checking and savings accounts. Some offer home loans and others do not. Steven may need a home loan sometime in the next few years. But he wonders if he should really ask what kinds of loans the bank makes, because he is getting a checking account, not a home loan. Which statement below gives the best reason for Steven to consider loan availability in choosing a checking account? a. The bank offers $100 to customers who get a pre-approval for a home loan. b. The bank provides ATMs in all the suburbs where Steve is interested in living. c. Banks that provide home loans can usually charge lower fees on checking accounts. d. If he needs a home loan in the future, he will have a relationship with the bank.
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Answer: The correct answer is D.
Explanation:
Took the test on edge.
TRUE/FALSE. being one of the major interest group activities, refers to the attempt to influence government policy through face-to-face contact with policymakers.
Being one of the major interest group activities, lobbying refers to the attempt to influence government policy through face-to-face contact with policymakers.
In the field of business, lobbying can be described as a persuasive strategy in which a business owner or any other person tries to persuade any government official to declare a law or policy that will benefit that particular interest group.
Usually, the policymakers that are present in the government are tried to be lured through face-to-face contact. This is because the policymakers are responsible for the making of policies that can interest a particular interest group.
The question can correctly be written as:
Being one of the major interest group activities, ............. refers to the attempt to influence government policy through face-to-face contact with policymakers.
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Decision Point: Choosing the Type of Advertising ObjectiveYour first task is to set an advertising objective. Remember, your key goals are to build brand preference for your product and to differentiate your product as the safe and natural choice. Decide on the best type of objective for your national campaign.Persuasive advertising: Reinforce why consumers should choose Enliven as their first choice.
Persuasive advertising is a shape of virtual marketing that leverages the pursuits, desires, and motivations of your audiences to persuade them to make a buy decision.
Persuasive advertising leverages the goals and hobbies of purchasers to persuade them to purchase a services or products. This form of advertising often makes a speciality of the benefits the product or service can offer the give up-user.
Innovative advertising is when a team of creatives come collectively to make a campaign or industrial that creatively and efficiently tells the tale of a emblem or nonprofit. creative agencies can carry out any variety of functions for clients; from approach and design, to era or media – all creatively or professional lead.
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elegant dogs and dazzling dogs are competing canine grooming salons. each company currently serves 4,500 customers per year. both companies charge $35 to groom a dog. elegant dogs pays its dog groomers fixed salaries. salary expense totals $45,000 per year. dazzling dogs pays its groomers $10 per dog groomed. elegant dogs lures 2,000 customers from dazzling dogs. which of the following is true?
Profits for Elegant Dogs will rise more than Dazzling Dogs will fall.
Elegant Dogs can boost its profitability by luring clients away from Dazzling Dogs, as was already demonstrated. Elegant Dogs has a fixed cost structure, so revenue grows while expenses stay the same. As a result, net income grows unbalanced. Contrarily, Dazzling Dogs' variable cost structure means that the drop in volume (caused by the loss of sales to Elegant Dogs) is accompanied by proportionate drops in net profitability.
Costs that are constant regardless of how many goods or services are produced. Salary, rent, and actual manufacturing facilities are some examples. Businesses with a high percentage of fixed costs include those in the manufacturing industry.
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salvatore has the opportunity to invest in a scheme that will pay $6,496 at the end of each of the next 5 years. he must invest $10,000 at the start of the first year and an additional $10,000 at the end of the first year. assume that the interest rate is 6%. then, the present value of this investment is $ . (round your answer to two decimal places)
Salvatore has the opportunity to invest in a scheme that will pay $5000 at the end of each of the next 5 years. He must invest $10,000 at the start of the first year and an additional $10,000 at the end of the first year. $ 3189.80 is the present value of this investment if the interest rate is 3%.
An investment is the giving of money to purchase an asset in order to achieve an increase in value over a period of time. Investment requires the sacrifice of some current asset such as time, money or effort.In finance, the purpose of investing is to generate a return on the invested asset. Income can consist of a gain (gain) or loss realized from the sale of a property or investment, unrealized capital appreciation (or depreciation), investment income such as dividends, interest or rental income, or a combination of capital gain and income. Income may also include currency gains or losses due to changes in foreign currency exchange rates.
Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is generally low as well. Similarly, high risk comes with the possibility of high losses. Investors, especially novices, are often advised to diversify their portfolios. Diversification has a statistical effect of reducing the overall ri
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Which statement(s) below correctly describe(s) the relationship of cost of goods sold and ending inventory? (Check all that apply.) Cost of goods sold plus ending inventory will equal the total goods available for sale. Cost of goods available for sale must be allocated between cost of goods sold and ending inventory.
The statements below correctly describes the relationship of cost of goods sold and ending inventory, Both the given statements are true.
What is the link between revenue and cost of sales?The total sum of money that a business receives for items sold or services rendered during a specific period of time is referred to as revenue. The costs directly associated with producing the commodities that a business sells are known as the cost of goods sold.
How do the cost of products sold and gross profit relate to one another?The total costs and outlays directly connected to the creation of commodities are included in the cost of goods sold (COGS). Sales & marketing, overhead, and other indirect expenses are not included in COGS. Gross profit is calculated by subtracting COGS from revenues (sales).
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A vertical AS curve means that the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, regardless of the level of:
a. aggregate demand.
b. real unemployment.
c. cyclical unemployment.
The real GDP of the economy will be determined by the level of aggregate supply (or potential GDP) regardless of the level of: Aggregate Demand.
What is the definition of aggregate demand?
However, aggregate demand identifies the complete market for all goods and services that an economy generates and expresses it as an overall dollar value. A nation might have a $1 billion annual aggregate demand for products and services, for instance.
How does the economy's total demand grow?First, if government spending rises but taxes stay the same, demand rises directly. Second, as households' disposable income improves as a result of tax cuts or increased transfer payments, they will expend more on consumption. A higher aggregate demand will result from this increase in consumption.
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translation gains or losses can be quite different from operating gains or losses not only in magnitude but also in sign.
Translation gains or losses can be quite different from operating gains or losses not only in magnitude but also in sign: True
Operating activities generate most people of the coin flows for the business enterprise as it's miles without delay related to the center business activities of the enterprise like sales, distribution, production, and so on; these activities also decide the profitability of the employer, and objects labeled underneath this head are the primary.
The three maximum not unusual operating structures for personal computers are Microsoft windows, macOS, and Linux. modern running systems use a graphical user interface, or GUI (suggested gooey).
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corporations in the u.s., as compared to other countries, tend to: question 14 options: have a median leverage ratio that's equal to the average international median leverage ratio. underutilize debt. have relatively high leverage ratios due to the tax benefits gained. have extremely high debt-equity ratios. rely less on equity financing than they should.
In contrast to other nations, American businesses frequently underuse debt. have comparatively large leverage ratios as a result of the tax advantages received.
What can we infer from the leverage ratio?Leverage ratios are a group of ratios that show how financially leveraged a company is in relation to its assets, liabilities, and equity. They reveal how much of an organization's capital is derived from debt, which is a reliable indicator of whether a company can honor its financial commitments.
What does it signify when the leverage ratio is less than 1?If the ratio is less than 1, it means that a firm is more likely to be financed by equity than by debt; if it is greater than 1, it means that a company is more likely to be financed by debt than by equity.
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which of the following is an argument against allowing for federal bankruptcy as a form of a relief? A. Individuals might engage in behavior meant to defraud their creditors if they cannot obtain relief B. Businesses might need the chance to reorganize in order to save jobs C. Individuals need a second chance to become a productive member of society D. Businesses may take unnecessary financial risks because they know they can file bankruptcy
The argument against allowing federal bankruptcy as a form of relief is businesses may take unnecessary financial risks because they know they can file bankruptcy. Correct answer: letter D.
So this could lead to an increase in business bankruptcies, which will have a negative effect on the economy. Because bankruptcy should only be used as a last resort when all other options have been exhausted, and businesses should be encouraged to make sound financial decisions that will help them stabilize creditworthiness.
Chapter 11 Federal BankruptcyIn the United States, Chapter 11 Bankruptcy Law is a legal tool to reorganize and restructure debts of businesses and individuals. This law has been used for many years as a means of easing the financial burden of debtors, allowing businesses to reorganize their debts and move forward with a sustainable financial structure.
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in 2022, wang invests $80,000 for a 20% interest in a partnership in which he is a material participant. the partnership incurs a loss with $100,000 being wang's share. which of the following statements is incorrect?
a. Since Wang has only $80,000 of capital at risk, he cannot deduct any more than this amount against his other
income.
b. Wang's nondeductible loss of $20,000 can be carried over and used in future years (subject to the at-risk
provisions).
c. If Wang has taxable income of $40,000 from the partnership in 2019 and there are no other transactions that
affect his at-risk amount, he can use all of the $20,000 loss carried over from 2018.
d. Wang's $100,000 loss is nondeductible in 2018 and 2019 under the passive activity loss provisions.
e. All of the statements are correct
d. Statements a., b., and c. are correct. The passive activity loss provisions do not apply
because Wang is a material participant.
Statement d. is incorrect. Wang's $100,000 loss is deductible in 2018 and 2019, subject to the at-risk provisions.
The at-risk provisions limit the number of losses that can be deducted to the amount of capital at risk. Since Wang has only $80,000 of capital at risk, he can only deduct up to $80,000 of his $100,000 loss against his other income.
The remaining $20,000 loss can be carried over and used in future years (subject to the at-risk provisions). If Wang has a taxable income of $40,000 from the partnership and there are no other transactions that affect his at-risk amount, he can use all of the $20,000 loss carried over from 2018.
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which of the following groups comprises one or more companies assigned to initiate a rescue effort to locate, rescue, or assist fire fighters who are in trouble at the scene of an incident?
A rapid intervention crew comprises one or more companies assigned to initiate a rescue effort to locate, rescue, or assist firefighters who are in trouble at the scene of an incident.
What is a rapid intervention crew?A rapid intervention team (RIT), rapid intervention crew (RIC), or rapid intervention dispatch (RID), sometimes known as a firefighter assist and search team (FAST), is a group of two or more firefighters who are entirely responsible for the search and rescue of other firefighters who are in need.
Personnel from the Search Team and Firefighter Assist shall not have any other operational responsibilities while responding to an event. Multiple FAST/RIC teams may be required for multiple alarm fires. Although many fire protection agencies train all staff in rescue duties, the FAST concept is not universal.
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when accounting for income taxes, a temporary difference occurs in which of the following scenarios? an item is included in the calculation of net income, but is neither taxable nor deductible. an item is included in the calculation of net income in one year and in taxable income in a different year. an item is no longer taxable, owing to a change in the tax law. the accrual method of accounting is used.
In one year, an item is included in net income, but in another year, it is included in taxable income. When an asset or liability's GAAP basis and its tax basis differ, this creates a temporary difference (TD).
What is an impermanent distinction in charge cost?Differences between pretax book income and taxable income that will eventually reverse or disappear are known as temporary differences.
How is the temporary difference figured out?The carrying value of an asset or liability is compared to its tax base to determine the temporary difference that arises in relation to that asset or liability. Deferred tax liabilities are the result of taxable temporary differences.
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