The problems associated with using GDP per capita is c. GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality.
The Gross Domestic Product, also known as GDP, is the monetary value of all the goods and services that a country may create in a specific amount of time. It comes in real and nominal types.
In less developed nations, there is a substantial income difference between the rich and the poor, whereas this gap is lower in industrialized nations. Therefore, comparing less developed and developed countries based on the per capita GDP to compare their living standards will inflate the current standard of life for the ordinary person in the nation with the highest level of income inequality.
Note that the full question is:
what are some of the problems associated with using gdp per capita to compare the quality of life among countries? check all that apply.
a. GDP per capita does not take into account differences in population between countries.
b. GDP is particularly difficult to measure in industrially advanced countries because a much larger percentage of economic activity occurs outside of officially measured market activity than in less-developed countries.
c. GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality.
d. None of the answers above are correct.
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Which one of the following is the basic objective of monetary policy?
a. to control deficit of the budget
b. to control deficit in the balance of payment
c. to control cost and availability of money
d. to control public expenditure
Answer: C
Explanation:
The basic objective of monetary policy is to control the cost and availability of money in an economy.
This is typically done by the central bank of a country, which uses a variety of tools and instruments to manage the supply of money and the level of interest rates in the economy.
The main goal of monetary policy is to promote economic growth and stability, and to help achieve this goal, central banks may use monetary policy to influence the rate of inflation, the level of employment, and other economic indicators.
Monetary policy is not used to control the deficit of the budget or the balance of payment, or to control public expenditure.
The average arrival rate of the customer in a service supply chain does not influence the management of the actual waiting time or the perceived waiting time by the service company.a. True b. False
The average customer arrival rate in a supply chain has no bearing on the management of the real waiting time or the perceived waiting time by the service firm is False.
What is supply chain?A supply chain is a network of individuals and organisations in charge of creating a product and distributing it to customers. The chain's first link are the producers of raw materials, and its last link is the machine that transports the finished good to the buyer.
An effective supply network can reduce costs and boost production, which serves as an example of the importance of supply chain management. Businesses upgrade their supply networks to cut costs and stay competitive.
Therefore, the statement is False.
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FILL IN THE BLANK. when a nation imports a good, its ________ surplus decreases and its ________ surplus increases.
When a nation imports a good, its producer surplus decreases and its consumer surplus increases.
In economics, the consumer surplus is the difference between the price a consumer pays for a good and the amount he would be prepared to pay rather than go without it. It is also referred to as societal surplus and the consumer's surplus. The following is the simplest formula for figuring out the consumer surplus:
Maximum Price - Market Price = Consumer Surplus.
Quantity at Equilibrium = (1/2) Consumer Surplus (Maximum Price – Equilibrium Price). The difference between the price the producer is willing to sell his goods for and the price he actually receives from the sale is known as the producer surplus. By deducting total marginal costs from total revenue, producer surplus is calculated.
Total Revenue - Total Marginal Costs = Producer Surplus.
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credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer’s account payable to the vendor.
Credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer’s account payable to the vendor is called Purchase allowance.
A manufacturer or distributor may give a purchasing allowance as a discount off the list price in exchange for a minimum order quantity. A consumer may also be given this amount in return for keeping any defective or inaccurate items.In order to report the net amount of purchases made by a company in an accounting period on its income statement, Purchase Discounts, Returns, and Allowances are contra expense accounts with a credit balance that are used to offset the Purchase expense account, which typically carries a debit balance.In a periodic inventory system, the purchases account is offset by the purchase returns and allowances account. The account includes both deductions authorized by suppliers for commodities that are not returned and deductions from purchases for things returned to suppliers.Thus the answer is Purchase allowance.
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from a marketing viewpoint, price is _____ exchanged for the ownership or use of a good or service.
From a marketing viewpoint, the price is an exchange of the value exchanged for the ownership or the use of the good or the service.
An exchange of value is a transaction between two or more parties in which each party gives and receives something of value in return. This can include the exchange of goods, services, money, or a combination of these. The value exchanged can be tangible or intangible, such as a physical object or an idea. When money is exchanged, it is often done through a medium such as a currency or credit card. Exchanges of value are an essential part of any economy. They allow for the transfer of wealth and resources between individuals, businesses, and organizations. In addition, exchanges of value can be used to facilitate and promote trade and investment, as well as create new opportunities for growth and development.
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TRUE/FALSE. If the maker of a note fails to pay the debt on the due date, the note is said to be dishonored.
A note's payee is the party who pledges to repay it when it matures. A note is considered to be dishonored if the creator misses the deadline for making a payment.
The given statement is true.
The debiting of Accounts Receivable and the crediting of Notes Receivable are used to record a customer's note received on account. When the creator of the note, the acceptor of the bill, or the drawee of the check fails to make the requisite payment after being properly required to do so, the promissory note, bill of exchange, or check is said to have been dishonored by non-payment.
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Promotion is designed to increase brand awareness, sales, and _____.
A) Identification of target
B) Brand loyalty
C) Distribution
D) Market share
E) Media plan budget
Brand loyalty is the correct option. Promotion is an element of marketing that help in increasing awareness about product in the market, boost sales and induces customer to buy the products by creating brand loyalty.
When customer tends to purchase same product again and again irrespective of the competitor's policies it is termed as brand loyalty. Furthermore, customer feels a connection with brand. For example: Some people tends to buy dairy milk irrespective of its price while others buy kit kat at store. Faith of customer toward their respective chocolate is known as brand loyalty.
There are four P in marketing mix: Product, Price, Place and promotion. Identification of target is related to product. Distribution relates with place. Price facilitates the facility of Market plan budget. However, Market share does not depend on a particular P. It refers to share of a purchase that a company has out of overall purchase made by customer. Hence, it depends on all Ps. Lastly, promotion focus on brand loyalty.
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Under what condition do you think extravert make more effective leader than introvert? What unique abilitie of introvert could make them more effective in ome ituation?
When it comes to interacting with peers and big groups of people, extroverts can be more effective leaders. Extraversion frequently manifests as talkativeness, friendliness, and excitement. These traits facilitate effective group interaction, communication, problem-solving, and critical thinking.
Introverts can become more effective in a one on one situation because listening is among the unique skills that tend to come naturally for introverts. They listen to what is explicitly stated and often pick up on implications, thoughts, and feelings that are not said.
Introverts allow others to speak while yet speaking up when necessary. Others instantly feel at home with them since they always endeavor to make others around them happy. Due to their delicate nature, they may also be patient with others, even when they are stepping on their toes.
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operating plans accomplish which of the following? multiple choice question. consolidate short-term goals into a long-term vision break long-term output into short-term targets or goals turn strategic plans into actionable long-term goals
Operating plans accomplish to break long-term output into short-term targets or goals and turn strategic plans into actionable long-term goals.
What is operating plans?An operational plan outlines the primary goals and objectives of an organization together with a plan of action for accomplishing them. This meticulously written document ensures that team members are aware of their responsibilities and understand precisely what has to be done.
An example of operational planning would be for a company to develop a plan to increase sales by 30%. Finance collaborates with sales, the marketing team, operations, and other essential business sectors to plan the strategies necessary to encourage revenue development and collaboratively achieve company goals.
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a married individual received the following in the current year: workers' compensation award $ 25,000 w-2 wage income $ 20,000 unemployment compensation $ 4,800 damages awarded for medical expenses related to emotional distress as a result of workplace bodily injury $ 10,000 what is the taxpayer's current year gross income?
$24,800 is the taxpayer's current year gross income at compensation award of $25,000 and Unemployment compensation of $4,800.
given data:
workers' compensation = $25,000
w-2 wage income = $20,000
unemployment compensation = $4,800
current year gross = w-2 wage income + unemployment compensation
= $20,000 + $4,800
= $24,800
Both worker's compensation payouts and damages for physical injuries are exempt from taxation. In addition to not being taxable, emotional suffering brought on by a physical injury is seen as being similar to a physical injury. Pierce would count the $4,800 in fully taxed unemployment benefits and the $20,000 in W-2 income as part of his gross income.
An individual's gross income, commonly referred to as gross pay on a paycheck, is their total income before any taxes or other deductions. This covers all kinds of revenue, not just employment-related income, and does not just refer to money-related income; it also covers other types of income, such as property or services. Gross income and gross margin or gross profit are synonymous terms in business. The revenue from all sources less the company's cost of products sold is what is shown as a company's gross income on the income statement (COGS).
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Lat year, Soren' return wa completed in BlockWork Online. How do you tart Soren' current-year return in BlockWork Online? (Select all that apply. )
An annual rate of return is the profit or loss on a one-year investment. There are numerous methods for calculating the annual rate of return. If the rate of return is calculated monthly.
Multiply it by 12 to get the annual rate of return. Block Management, a collaborative programme between private landowners and the FWP, assists landowners in managing calculating activities and provides free hunting access to private land, as well as adjacent or isolated public lands. The participation of landowners in block management is entirely voluntary. The annualised return differs from the average and reflects the true gain or loss on an investment, as well as the difficulty in recouping losses.
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the bureau of labor statistics divides the adult population into three categories: employed, unemployed, and not in the labor force. true false
The statement is True, the bureau of labor statistics divides the adult population into three categories: employed, unemployed, and not in the labor force.
Employment is a partnership between two people that governs the delivery of compensated labor services. One party, the employed person, who may be a company, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in accordance with the terms of a contract in exchange for doing the job that has been allocated to them. Employees perform work in exchange for pay, which may be made up of an hourly rate, piecework payments, or an annual salary, depending on the nature of the work performed, the industry conditions in effect, and the bargaining power of the parties. In some industries, employees could get stock options, bonuses, or gratuities. An independent contractor must agree with the customer on what the finished work product will be before controlling the means and method of reaching the intended result. This distinction distinguishes independent contractors from employees. Second, an independent contractor provides services to the whole public, not only to one corporation, and is in charge of handling client payments, covering out-of-pocket costs, and supplying the necessary equipment to finish the task.
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concerning the labor market and taxes on labor, economists disagree about a. the size of the deadweight loss of the tax on labor. b. whether or not a tax on labor places a wedge between the wage that firms pay and the wage that workers receive. c. nothing.
Economists disagree on the extent to which taxes on labor cause a deadweight loss in the labor market. Option A.
Due to divergent opinions regarding the flexibility of the labor supply, experts cannot agree on whether labor taxes result in minor or high deadweight losses. Some people think that the labor market is rigid, which causes a tiny deadweight loss from labor taxes.
Others, however, contend that because employees may change how many hours they put in, the labor market is flexible and a tax on labor would result in a significant deadweight loss. As a tax is raised, the deadweight loss increases more than proportionally. However, as the tax is raised, revenue may initially rise; however, as the tax is raised further, revenue eventually falls.
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When you are creating a budget, should you use your gross pay or net pay? explain your reasoning.
Use your net salary rather than your gross pay, which is the sum you are paid after all applicable deductions. Utilize only trustworthy and consistent income. Rent, mortgage payments, and auto payments are examples of fixed expenses that frequently have contracts and are consistent from month to month.
You should decide whether to use your gross or net income when creating a budget before you start. Depending on the budgeting tool you choose, this will change. Some people may advise you to start by listing your gross income, followed by line items for taxes and deductions as costs. Others might request that you begin with your net salary. To avoid duplicate counting a cost in your budget (such health insurance payments that may have already been taken out of your pay), start with your net pay.
When creating a general monthly budget, choosing which revenue figure to use is a pretty small detail because your budget tool will provide guidance, or if you choose to budget manually, you can decide which method is best for you.
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________ is defined as reciprocal faith in others' intentions and behaviors. a. cooperation b. trust c. cohesiveness d. unity e. fairness
Trust is defined as reciprocal faith in others' intentions and behaviors. Therefore, the correct answer option is: b. trust.
What is psychology?Psychology can be defined as the scientific study of both the consciousness and unconsciousness of the human mind such as feelings, emotions and thoughts, so as to better understand how it functions and affect human behaviors in contextual terms.
What is behavior?In Psychology, behavior can be defined as the unique characteristics or qualities that depicts how a person conduct himself or herself, especially towards others and in certain circumstances such as when intoxicated, excited, joyful, suffering from a sickness or illness, etc.
In Psychology, trust simply refers to a form of reciprocal faith in the intentions and behaviors of another person or group of persons (people).
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who are consumer ....
Answer: as animals cannot make their own food, they depend on plants for their food. Hence, they are called consumers as they consume the producers which are plants.
Answer: Consumers are people or organizations that purchase products or services. The term also refers to hiring goods and services. They are humans or other economic entities that use a good or service. Furthermore, they do not sell on that item that they bought
Explanation: They are the end users in the distribution chain of goods and services. In fact, sometimes the consumer might not be the buyer.
For example, young children are the end users of toys, but their parents buy them. Therefore, in the market for toys, the buyer and consumer are often different people.
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an injection-molding machine produces 25 different plastic molded parts in an average year. annual demand for a typical part is 20,000 units. each part is made out of a different plastic (the differences are in type of plastic and color). because of the differences, changeover time between parts is significant, averaging 5 hr to change molds and purge the previous plastic from the injection barrel. one setup person normally does these two activities sequentially. a proposal has been made to separate the tasks and use two setup persons working simultaneously. in that case, the mold can be changed in 1.5 hr and purging takes 3.5 hr. thus, the total downtime per changeover will be reduced to 3.5 hr from the previous 5 hr. downtime on the injection-molding machine is $200/hr. labor cost for setup time is $20/hr. average cost of a plastic molded part is $2.50, and holding cost is 24% annually. for the 5-hr setup, determine (a) the economic batch quantity, (b) the total number of hours per year that the injection-molding machine is down for changeovers, and (c) the annual inventory cost. for the 3.5-hr setup, determine (d) the economic batch quantity, (e) the total number of hours per year that the injection-molding machine is down for changeovers, and (f) the annual inventory cos
(a) For Tsu=5.0 hr, Csu=5(200$) + 5(20$) = $1100/setup hC= 0.24(2.50) = $0.60/pc EOQ=(29(292 20,00011000.60=(29673.333 10= 8,563.5, which is rounded to 8564 pc
(b) Changeovers per part per year = 20,000/8564 = 2.335 changeovers per year Number of changeovers for 25 pieces is 25(2.335) = 58.4 changeovers per year. Total downtime at 5 hours per switch is 58.4 (5.0) hours, or 292 hours
(c) TIC= 0.5(8564)(0.60) + 20,000(1,100)/8564 = $5,138 TIC = 25(5,138) = $128,450 for 25 pieces
(d) For Tsu = 3.6 hours, Csu = 3.5 ($200) + (1.5 + 3.5) ($20) = $800/setup. EOQ=(29(292 20,0008000.60=(29653.33310= 7303 pc
(e) Changeovers per part per year are equal to 20,000/7303, or 2.739 changeovers each year. Number of changeovers for 25 pieces is 25(2.739) = 68.5 changeovers per year. Total downtime at 3.5 hours each transition is 68.5 (3.5) hours, or 239.6 hours
(f) TIC= 0.5(7303)(0.60) + 20,000(800)/7303 = $4382 TIC = 25(4382) = $109,550 for 25 pieces.
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during new employee orientation, elise, the assistant director of human resources, oversees diversity and sexual harassment training. this orientation is taking place at what level?
Simulations are more suited for training new skills. They permit continuous use and rapid, contextual input.
They replicate the outcomes of the activity in the real world rather than rating the applied behaviour as correct or improper. Simulators offer a consistent message about what has to be learnt, allow learners to proceed at their own pace, and, in comparison to in-person education, can encompass additional scenarios or issues that a learner may run into.
contextual input. virtual simulation, which includes actual individuals using simulated systems, recreates reality as it appears on a computer screen. By putting people at the centre of a simulation, it allows them to practise their decision-making, motor control, and communication abilities [11]. Computer software that mimics human interaction is known as a chatbot.
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If M= 2,000, P= 2.25, and Y= 6,000, what is velocity? a. 6.75. b. 3.00. c. 1.33. d. 1.50.
If M= 2,000, P= 2.25, and Y= 6,000 then the velocity will be 6.75.
The directional speed of a moving element, measured in a specific unit of time and observed from a certain reference point, is called velocity. In kinematics, the field of classical mechanics concerned with the motion of objects, speed is a fundamental idea.
A physical vector quantity called velocity must have both magnitude and direction defined. Velocity is the scalar absolute value (magnitude) of the velocity; it is a consistently derived unit whose quantity is measured in meters per second (m/s or m/s1) in SI (metric system).
Hence the correct option is A
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The term private warehouse refers to warehouses that are owned by the company that also owns the goods being stored.
a. True
b. False
The term private warehouse refers to warehouses that are owned by the company that also owns the goods being stored. The answer is (a) true.
Private warehouse simply means a warehouse that is not for public use and it is privately owned by the company, manufacturers, wholesalers, or distributors that leased or purchased it in order to store their large quantity of inventory before distributing the inventory to the retail stores or straight to the consumers in the case of online stores. Examples of a private warehouse would be of a company's cold storage, distribution center, and shipping warehouse. Having a private warehouse may be initially costly, but it is an advantage for any company because of full control of the movement of inventory from end to end, hence creating a less margin of error.
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what is the name given to the process of assigning discount rates to projects by utilizing a stair step method that assigns projects to various risk classes?
The subjective approach to contract law is a school of thought that views an agreement as valid only if the parties involved have reached an "actual and intentional" consensus on the terms of the contract.
Subjectivity Contract law recognizes a subjective meeting of minds as binding. It compels the court to consider a party's state of mind while considering contract enforceability. An objective approach allows the court to evaluate the case rationally. Some legal experts feel contract law should emphasize the subjective approach, but most do not.
The subjective contract law theory describes a contract as a subjective agreement between parties. The court will ignore the contract's objective text and focus on the parties' subjective expectations. Some judges and commentators prefer the objective method over this theory.
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copper stone is a garment manufacturing firm that takes bulk orders to export to different countries. which method of manufacturing is most suitable?
Copper stone is a garment manufacturing firm that takes bulk orders to export to different countries. The batch production method of manufacturing is most suitable.
Batch production is what?A manufacturing process known as batch production involves producing similar or identical goods in large batches. The technique enables objects, ranging from vehicle doors to children's toys, to be bulk in batches with little to significant alterations to the product.
What are some benefits of batch manufacturing?Batch production has several benefits, including flexibility, the ability to develop product variants, enhanced quality assurance, and lower prices. The drawbacks of batch manufacturing include large amounts of WIP inventory, a potential for significant error costs, and an increase in idle time.
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the potential return on any investment generally is a. directly related to the risk the investor assumes b. inversely related to the risk of the investment c. not relationed to the risk of any investment d. inversely related to the risk the investor assumes e. guaranteed
The concept given here is Return on investment. The option is A, directly related to the risk the investor assumes.
The return is the profit you make as a result of your investments. ROI is generally defined as the rate of net profit over the total cost of the investment.
ROI is most useful to your business pretensions when it refers to commodity concrete and measurable, to identify your investment's earnings and fiscal returns. A high ROI means the investment's earnings compare positively to its cost.
As a performance measure, ROI is used to estimate the effectiveness of an investment or to compare the edge of several different investments. ROI is also used to describe “ occasion cost, ” or a return the investor gave up to invest in the company.
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opportunity costs arise due to resource scarcity. lack of alternatives. limited wants. abundance of resources.
Opportunity costs arise due to resource scarcity.
“Opportunity cost is the cost of the following-satisfactory opportunity while a choice is made; it's what's given up,” explains Andrea Caceres-Santamaria, senior monetary education specialist on the St. Louis Fed, in a current web page One Economics: cash and ignored possibilities.
In microeconomic idea, the possibility price of a selected pastime is the cost or gain given up by means of conducting that hobby, relative to conducting an opportunity activity. greater genuinely, it means in case you chose one interest you are giving up the opportunity to do a distinct alternative.
Opportunity cost refers to what you have to give up to buy what you want in phrases of different goods or services. while economists use the word “value,” we usually suggest opportunity cost. The word “cost” is usually used in day by day speech or within the information.
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based on prior learning, name two reasons that paying your credit card or loan bill late has serious consequences.
The two reasons that paying your credit card or loan bill late has serious consequences:
Fees for late payments may apply.Your credit score may be impacted by the late payment, which could be recorded in your credit history.If you don't pay your credit card account on time, you can have to pay late fees, high interest rates, and other expenses on top of that. Regular late payments can also lead to a reduction in credit limit, the end of the interest-free period, and a lower credit score.
If you pay off all of your credit card debt, your credit score will increase. Lenders are more likely to approve your credit application if you have a higher credit score. Additionally, they will offer you beneficial loan terms like lower interest rates and higher borrowing limits.
Consumers frequently apply for secured credit cards in an effort to improve their credit scores or build a credit history. In comparison to unsecured credit cards, secured credit cards have lower credit limits and higher fees.
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under the sherman act competitors are permitted to agree not to deal with certain buyers. group of answer choices false true
Boycotts among rivals are per se violations of the Sherman Act. so, statement is true that Under Sherman Act opponents are now not allowed to agree not to deal with positive buyers.
Mergers amongst Competitors: Clayton Act prohibits mergers that will lessen competition or create a monopoly.
What is prohibited with the aid of the Sherman Act?It prohibits all agreements and conspiracies in restraint of change and commerce. These prohibited restraints include price fixing, market allocation, boycotts, bid rigging and tying agreements. The Sherman Act additionally prohibits monopolizing or attempts to monopolize any line of commerce.
Any mixture "in the shape of have confidence or in any other case that was once in restraint of exchange or commerce among the various states, or with foreign nations" was declared unlawful
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https://brainly.com/question/2125202#SPJ4activities meeting the definition of fiduciary in nature but that lack a formal trust agreement are to be reported in which fund?
The integration of new incoming information with knowledge retrieved from long-term storage necessarily involves the activity of retrieval.
Retrieval is the process of accessing and recalling information from memory. When we encounter new information, our brains automatically search for connections to existing knowledge stored in long-term memory, and this process of retrieval is essential for making sense of the new information and incorporating it into our existing knowledge. Retrieval can be facilitated by various strategies such as rehearsal, elaboration, and organization, which can help us better encode and store new information in long-term memory.
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a bond with a face value of $1,000 has 8 years until maturity, has a coupon rate of 8%, and sells for $1,100. what is the yield to maturity if interest is paid once a year? note: do not round intermediate calculations. enter your answer as a percent rounded to 4 decimal places. what is the yield to maturity if interest is paid semiannually? note: do not round intermediate calculations. enter your answer as a percent rounded to 4 decimal places.
currently baldwin is paying a dividend of $11.58 (per share). if this dividend were raised by $3.64, given its current stock price what would be the dividend yield?
8.46% is the dividend yield at current dividend of $11.58 and Current stock price of $179.90.
The dividend yield is calculated as:
Dividend yield = Current dividend + Rise in dividend / Current stock price
from given data,
Current dividend = $11.58
Dividend will increase = $3.64
Current stock price = $179.90
substituting the above values,
= $11.58 + $3.64 / $179.9
= $15.22 / $179.90
= 8.46%
Dividend per share by share price results in a dividend yield, also known as a dividend price ratio, for a certain stock.
the dividend yield will be 8.46% at Current stock price of $179.90
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To increase the money supply using the reserve requirements, what would the Fed typically do?
A) increase the reserve requirement for banks
B) reduce the reserve requirement for banks
C) make each bank set its own reserve levels
D) let each bank get more currency from the
Treasury
The correct answer is A) increase the reserve requirement for banks To increase the money supply using the reserve requirements.
One method the Fed may impact the money supply is through reserve requirements, which mainly refer to the amount of cash banks must maintain against deposits in bank accounts. When reserve requirements are lowered, banks are able to lend more money, increasing the quantity of money that is available for usage across the economy. The Federal Reserve's contractionary monetary policy is shown by a higher reserve requirement. If banks have higher reserve requirements, there would be less money available to lend to people and businesses. The money supply is increased beyond the realm of open market transactions when a bank advances another loan and the borrower gets a bank deposit in return. This double expansion of the money supply is known as the multiplier effect.
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