Which of the following terms represents the proposition that a negligent party is legally liable only for the foreseeable risk that they cause?A. actual causeB. proximate causeC. establishment causeD. negligent causeE. injurious cause

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Answer 1

Option (b), Proximate causation asserts that a negligent party is only held accountable for the risk they could have reasonably foreseen.

How is proximal cause applied?

In both law and insurance, a proximate cause is an event that is sufficiently connected to a harm for the courts to identify it as the primary cause of the injury. The legal system distinguishes between proximate cause and actual causality (also known as legal cause). The "but for" test is employed to identify the root cause: Without the action, the outcome would not have occurred. (The crash, for instance, would not have happened if the driver had not sped through the red light.) Although the injury must develop prior to the activity, the harm may not still arise from the action alone. A few situations render the but for test useless.

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the irs has an algorithm called blank that pulls historical data for average amount and type of deductions related to income and predicts the likelihood of underreported income.

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As per the research analysis, the IRS uses an algorithm called the discriminant function that pulls historical data for the average amount and type of deductions related to income level and predicts the likelihood of underreported income.

What is meant by the Discriminant function?

In general term, Discriminant function is a statistical function that specifies the variables that discriminate between two or more inherently occurring groups.

Here we need to find the IRS has an algorithm called blank that pulls historical data for average amount and type of deductions related to income and predicts the likelihood of underreported income.

Here we know that it is also used to classify data based on their features, such as income level. And here we know that, IRS is the acronym for Internal Revenue Service.

Therefore, in this case, it is concluded that the correct answer is "discriminant function."

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embassy club condominium, located on the west coast of florida, is undertaking a summer renovation of its main building. the project is scheduled to begin may 1, and a september 1 (17-week) completion date is desired. the condominium manager identified the following renovation activities and their estimated times. activity immediate predecessor time a - 3 b - 1 c - 2 d a, b, c 4 e c, d 5 f a 3 g d, f 6 h e 4 Draw a project network. What are the critical activities? What activity has the most slack time? Will the project be completed by September 1?

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The formula for calculating slack time (ST) is straightforward. Calculate the latest start time (LST) and the earliest start time (EST) (EST). To calculate the total slack time for the project, subtract EST from LST.

Slack, also known as float, is the amount of time a task can lapse before colliding with another task. When you schedule tasks, it is automatically calculated into your project, and you can use it as a buffer time if your schedule is at risk of being delayed. Owners, admins, and members with permission can see how many people have interacted with a specific message in Slack using message activity.

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according to the rational rule for sellers, the manager of this company should choose to produce of output and charge a price of .two units; $450three units; $400four units; $350one unit; $400

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According to the rational rule, what output and price should the firm in the following example choose quantity= 4; price= $7

The foundation of rational choice theory, an economics theory that holds that people always choose options that maximize their own value, is rational behavior. Given the options available, these choices offer consumers the greatest benefit or enjoyment.

The Rational Rule for Employers advises hiring more people if an increase in output is desired and wages are declining since the marginal revenue product is greater than (or equal to) the pay.

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____ are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling recurring problems.

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Answer:

Policies are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling recurring problems. Procedures are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling non-recurring problems.

a firm that engages its customers with social media activities as part of its marketing strategy helps to build its brand by developing deeper relationships with customers and by blank .

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Promoting the brand's reputation online through favorable word-of-mouth deeper relationships between customer and a brand.

What is digital advertising?

Digital advertising, usually referred to as online advertising, is a type of marketing that businesses use to advertise their brands, goods, and services on the internet. It entails activities on websites, social media platforms, blogs, applications, and other online communication platforms.As a result of the digital transformation, businesses now have a wider range of options for reaching their target audiences and the market as a whole.In this approach, everything that utilizes digital resources and platforms can be categorized as digital advertising.Being present exactly where the public is is the major objective.The process of a company migrating and adapting to the changes that society as a whole has undergone is known as digital advertising.

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the following data relate to the direct materials cost for the production of 2,000 automobile tires: actual: 60,700 lbs. at $1.9 per lb. standard: 61,900 lbs. at $1.95 per lb. a. determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. direct materials price variance $fill in the blank 1 0.05 favorable direct materials quantity variance $fill in the blank 3 1,200 favorable total direct materials cost variance $fill in the blank 5 5,375 favorable

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Direct material price variance is -$3,035, direct material quantity variance is -$5375 and direct material cost variance is $2340.

Give a brief account on total manufacturing cost variance.

The direct labor cost fluctuation, direct material cost variance, and factory overhead cost variance make up the overall manufacturing cost variance. The actual expenses incurred during the course of the time are different from the baseline costs determined at the start. Total manufacturing cost variation is the difference between actual and standard production costs. This variance may be advantageous or detrimental.

To solve the question :

To calculate direct material price variance :

AQ x (AP - SP)

Therefore,

DMPV = 60,700 x ($1.90 - $1.95) = -$3,035

To calculate direct material quantity variance

SP x (AQ - SQ)

Therefore,

DMQV = $1.95 x (60,700 - 61,900) = -$2340

To calculate direct material cost variance :

AP x AQ - SP x SQ

Therefore,

DMCV = $1.90 x 60,700 - $1.95 x 61,900

= $115,330 - $120,705 = -$5375

DMCV is the sum of DMPV and DMQV

= (-$3,035) - (-$5375) =$2340

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which of the following statements about taxes based on an individual's ability to pay are accurate?

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According to the ability-to-pay principle, people should pay more taxes if they have more money and income to pay them.

Why do people pay taxes in the first place?

The primary reason for taxes is that the government uses the money for programs like national defense, social security, and public buildings, as well as for police, education, and roads. These are paid for by the public.

What aspect of the tax system is agreed upon by most?

The majority agree that the tax system ought to be: both fair and effective; They ought to cost society little, and the burden of taxes ought to be shared fairly.

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You have a portfolio with the following: Stock Number of Shares Price Expected Return W 775 $ 48 11% X 675 25 15 Y 425 61 13 Z 650 46 14 Required: What is the expected return of your portfolio? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Expected return of the portfolio %

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Any mix of financial assets, including stocks, bonds, and cash, is referred to as a "portfolio." Individual individuals may hold portfolios, or financial professionals, hedge funds, banks, and other financial organizations

may manage them. A portfolio should be created taking the investor's risk appetite, time horizon, and investment goals into consideration. This is a widely acknowledged idea. The risk/reward ratio of the portfolio may be impacted by the monetary value of each item. The goal of asset allocation is to maximize expected return while minimizing risk. This is an illustration of a multi-objective optimization issue; there are numerous effective solutions and the best one must be chosen by weighing the trade-off between risk and reward. Particularly, another dominates a portfolio A.

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export subsidies and import taxes are both price policies that can change the domestic price of food so that it differs from the world price. in this worksheet, we will examine how export subsidies and import taxes work. while analyzing this, we will think about who benefits/loses from these policies.
Export Subsidy: An export subsidy means that exporters receive an extra payment from the government for the food they export. For each unit of food they export, they receive the world price (Pw) plus the subsidy.
Carefully examine Figure 1 and answer questions 1-10 below.
Figure 1: Demand and Supply for an Exporter Country with Export Subsidy
Which letter represents the domestic supply quantity (Qs) before the subsidy policy?
w
x
y
z
Which letter represents the domestic demand quantity (Qd), before the subsidy policy?
w
x
y
z
From Figure 1, the quantity of food exported (Qe) before the subsidy policy is equal to:
y-x
y-w
z-x
z-w
Which letter(s) represent(s) the consumer surplus before the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the consumer surplus after the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the producer surplus before the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the producer surplus after the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the government costs of the subsidy policy? Select all that apply.
a
b
c
d
e
f
g
h
i
Who is better off (i.e. increased surplus or revenue) after the subsidy? Select all that apply.
Consumers
Producers
Government
Who is worse off (i.e. decreased surplus or revenue) after the subsidy? Select all that apply.
Consumers
Producers
Government

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Demand and Supply for an Exporter Country with Export Subsidy domestic supply before subsidy policy is Y. Letter Z represents the domestic demand quantity (Qs) before the subsidy policy. Quantity of food exported before subsidy policy is Y - X Letters that represents consumer surplus before subsidy policy is a, b, c Letter that represents consumer surplus after subsidy policy is only  'a'. Letters that represents producer surplus before subsidy policy is f, g, i, h Letters that represents producer surplus after subsidy policy is b, c, d, f, g , h , i Govt costs of subsidy policy is c, d, e Producers is better after the policy because their revenue is increased Both consumers and government are worse after the policy because there revenue is decreased

Demand is the consumer's desire to purchase a particular good or service. Market demand is the demand for a particular good in the market. Aggregate demand is the total demand for goods and services in the economy. Demand and supply match determines the price of the good or service. Understanding the concept of demand.

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ales management process this activity is important because selling must be managed if it is going to contribute to a firm's marketing objectives. although firms may differ in their application of the process, sales management consists of three interrelated functions: (1) sales plan formulation, (2) sales plan implementation, and (3) salesforce evaluation. the goal of this activity is to demonstrate your understanding of the sales management process in an applied context. match each scenario or the appropriate stage of the sales management process.

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The process of hiring, training, and motivating sales staff, coordinating sales department operations, and implementing a cohesive sales strategy that drives business revenues are all parts of sales management.

What are the three related sets of decisions or procedures used by sales management?

The three pillars of sales management are sales strategy, sales operations, and sales analysis. The creation of a strategy that enables your business to make a sale is the first step in the process of developing a sales strategy.

Is sales management a component of marketing management, as you define it?

The product and how it gets to the customer are connected to sales management. Marketing management encompasses all activities, such as advertising, sales, research, customer satisfaction, after-sales service, etc., that facilitate the flow of goods to buyers.

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Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows DIRECT MATERIALS Cost Behavior Variable Variable Variable Cost per Unit $0.02 0.30 0.50 Units Direct Materials per Case 100 ozs 30 ozs. 12 bottles Cost per Case Cream base Natural oils Bottle (8-oz.) $2.00 9.00 6.00 $17.00 DIRECT LABOR Cost Behavior Variable Variable Time per Case 20 min. Labor Rate per Hour $18.00 14.40 Direct Labor Cost per Case $6.00 1.20 $7.20 Mixing Filling 25 min FACTORY OVERHEAD Utilities Facility lease Equipment depreciation Supplies Cost Behavior Mixed Fixed Fixed Fixed Total Cost $600 14,000 4,300 660 $19,560

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A standard cost may be described as a planned cost, anticipated cost, expected cost, budgeted unit cost, forecast cost, or the cost that "should be". Standard costs are sometimes an important part of a manufacturer's annual profit plan and operational budget.

The standard costs of the manufacturing activities will be included in the inventory and cost of goods sold accounts in a standard costing system. Given that the business must pay its manufacturers and suppliers according to the actual expenses incurred, there may be some modifications.

The disparities between the standard costs and the actual production costs are represented by cost variations, which are recorded in separate variance accounts.

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to protect against liability due to mold contamination, real estate professionals should ask sellers about leaks, flooding, and prior damage.

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True. Real estate professionals should ask sellers about leaks, flooding, and prior damage in order to protect against potential liability due to mold contamination.

This is because mold can form in areas where there has been water damage, and the seller may not be aware of the presence of mold. Knowing about prior damage can help ensure that the property is inspected for mold prior to purchase or sale.

Why is it important to research before buying or selling?

Buying and selling property is a serious transaction and carries significant risks. When a buyer purchases a property, he expects it to be free of any defects that may affect the value of the property. Sellers also have a duty to report any defects that may affect the value of the property. That is why it is important that real estate professionals perform a pre-purchase or sale inspection.

The pre-purchase or sale inspection should include an investigation of potential problems, with the homes or institutions.

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which of the following will not shift the demand curve for oled color television sets to a new position (either shift to the right or the left)? group of answer choices the expectation of rising prices for oled color tvs in the future. a decline in per capita income a reduction in the selling price of oled color tvs an increase in the number of consumers

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A reduction in the selling price of color TVs will not shift the demand curve for oled color television sets to a new position.

In economics, the relationship between the quantity of a specific good that is sought at a specific price and the price at which it is offered is represented by a demand curve. Demand curves can be used to analyze the relationship between price and quantity for both a single consumer (a single demand curve) and for all consumers in a specific market (a market demand curve).

As shown in the following graph, demand curves are commonly believed to slope downward. Due to the law of demand, which stipulates that as prices rise for the majority of goods, demand declines, this occurs. This rule does not apply in some odd situations. Speculative bubbles, Veblen products, and Giffen goods are a few instances of this sort of occurrence.

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if a buyer defaults on a contract to purchase real property, which of the following is not a remedy the seller can pursue?

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If a buyer defaults on a contract to purchase real property, the remedy is not available for the seller is sue for assignment. Option B is correct.

What is remedy?

In contract law, a "remedy" is a decision or payment made by the court in response to a party's breach of the agreement. By placing the non-breaching party, commonly known as the "damaged party," in the position they would have been in had the contract been completed as agreed, the purpose of remedies is to make the non-breaching party whole.

A legal remedy is a procedure that allows wronged parties to seek restitution for their losses. Some examples of legal remedies include damages, injunctions, and specified performance.

Thus If a buyer defaults on a contract to purchase real property, the remedy is not available for the seller is sue for assignment.

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FILL IN THE BLANK The Pharmaceutical Industry Labor-Management Association (PILMA) sought to defeat a bill in Texas to lower drug prices. PILMA has no individual members and receives most of its money from the pharmaceutical industry. It is best described as a(n) ______.

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PILMA does not have any individual members, and the pharmaceutical industry provides the majority of its funding. An astroturf organization is the best way to characterize it.

A group using AstroTurf is what?

Astroturfing is the technique of concealing a message's or organization's financial backers (such as political, commercial, religious, or public relations organizations) to make it seem as though it was created and is supported by grassroots supporters.

They no longer use AstroTurf; why?

Because the underside of Astroturf was so harsh, it led to several terrible injuries, particularly to the knees, and cut short or even ended many careers for many people. Astroturf fields eventually vanished as a result of the development of Field Turf, a softer and safer synthetic grass.

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an urban planner is designing a new urban housing development in a currently rural area near an existing city. the urban development will have five 10-story apartment buildings, two basketball courts, a playground with permeable foam pavers, a 10-acre green space with a small man-made pond, one 5-story parking deck, and direct access to the mass transit train line. question which of the following aspects in the design for this new urban development would most likely have the greatest negative environmental impact?

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B) The five apartment buildings would most likely have the greatest negative environmental impact.

Urban development covers infrastructure for education, health, justice, solid waste, markets, street pavements and cultural heritage protection. These constructions typically type a part of specific sector programmes, as well as capability building measures. Special attention is additionally paid to slums of huge cities.

Environmental impact refers to the direct result of socio-economic activities and natural events on the elements of the surroundings. Humans impact the physical surroundings in several ways: overspill, pollution, burning fossil fuels, and deforestation. These changes have triggered poor air quality, and climate change.

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an urban planner is designing a new urban housing development in a currently rural area near an existing city. the urban development will have five 10-story apartment buildings, two basketball courts, a playground with permeable foam pavers, a 10-acre green space with a small man-made pond, one 5-story parking deck, and direct access to the mass transit train line. question which of the following aspects in the design for this new urban development would most likely have the greatest negative environmental impact?

A) The two basketball courts

B) The five apartment buildings

C) The 10-acre green space

D) The playground

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for the firm's organizational structure, group of answer choices organizational structure specifies the firm's formal reporting relationships, procedures, controls, authority, and decision-making processes. organizational structure specifies the work to be done and how to do it. it is critical to match the firm's structure to the firm's strategy. all options listed

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Organizational structure specifies the firm's formal reporting relationships, procedures, controls, authority, and decision-making processes.

Organizational structure is the internal, formal framework of a firm that demonstrates how management is arranged and connected together, as well as how power is transferred through the organization. The goal of organizational structure is to give managers detailed feedback on how effectively an organization and its people are doing and creating a competitive advantage.

The arrangement of resources at various levels according to their roles, levels of authority, and positions forms an organizational structure. It enables departments throughout a firm to communicate, plan, and collaborate in order to accomplish business objectives.

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firms engage in precall planning to understand the needs and preferences of the customer before making a presentation.

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This statement is True: firms engage in precall planning to understand the needs and preferences of the customer before making a presentation.

After conducting your research, coming up with a few potential solutions, and establishing SMART goals, you'll have a solid foundation on which to build. Your sales presentation planning is the last assignment. You can't make your sales pitch with the intention of "winging it," even if you have an excellent solution to offer and your objectives are well-defined. A well-planned presentation frequently determines whether a sale is made or not. You will go a long way in building a strong rapport with your customer and winning his trust and respect if he perceives you as being well-prepared (i.e., if you have thoughtfully tailored your style, presentation materials, and agenda to match what you know about your contact and his company culture).

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the following data relate to labor cost for production of 4,300 cellular telephones: actual: 2,900 hrs. at $14.40 standard: 2,850 hrs. at $14.60 a. determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.Rate variance $ Time variance $ Total direct labor cost variance $ b. The employees may have been less-experienced workers who were paid less than more-experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard.

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The calculation is displayed below.

The difference in the direct labor rate is

(Actual rate minus Standard rate) / Actual hour

= ($14.5 - $14.8) X 2,430 hours

= $729 a positive

The difference in time is

Standard rate = (Actual hours - Standard hours)

2,430 hours minus 2,390 hours is $14.80.

= $592 inadvertent

the total labor cost difference is therefore

$729 favorably + $592 negatively

= $137 a positive

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the formula for target sales is: multiple choice (total fixed costs target profit)/contribution margin ratio (total variable costs total fixed costs)/contribution margin ratio (total fixed costs target profit)/unit contribution margin (total variable costs total fixed costs)/unit contribution margin

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The formula for target sales is: (Total fixed costs + Target profit)/Unit contribution margin.

A income target is the wide variety of products to promote in a given length to break even or make a income. these goals ought to meet the forecasts of your marketing strategy.

Revenue objectives are the essential sales intention example — this KPI should be one of every company's primary income dreams. a typical sales goal instance here: growth month-over-month/year-over-12 months revenues with the aid of 10%. business enterprise A has found brilliant consistency in matching after which exceeding their goal sales increase.

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which of the following methods of depreciation has built-in salvage value for the item being depreciated

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The asset's salvage value—or what you anticipate it to be worth at the end of its useful life—must be subtracted from its cost in order to determine depreciation using the straight-line technique. A depreciable basis, or the amount that may be written off, is the outcome.

Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.

The four depreciation methods include straight-line, declining balance, sum-of-the-years' digits, and units of production.

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3. (a) california bank holds $375 million in deposits and maintains a reserve ratio of 5%. show the t-account of the bank

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Money multiplier = 1/r = 1/0.05 = 20

Final Money Supply = 20*Reserve amount = $375 million

Required Reserves = 0.05*500,000 = $25000

Excess Reserves = $75,000

Final Money Supply = Required Reserves*Money Multiplier = 25000*1/0.05 = $500,000

If the reserve requirement is 40%, then it means that

0.4x = $100 billion (x= Total deposits)

x= $100 billion/0.4 = $250 billions.

Final money Supply = 100*1/0.4 = $250 billion

Reserve is an unincorporated community in St. John the Baptist Parish, Louisiana, united states of america. it's miles located at the east bank of the Mississippi River. The population become nine,111 at the 2000 census. For statistical functions, the usa Census Bureau has defined Reserve as a census-targeted place (CDP). prior to the name Reserve, this metropolis was as soon as known as Bonnet Carre; the metropolis name have been changed by businessman and resident Leon Godchaux by means of the past due 1800s. The Godchaux–Reserve Plantation was built by means of Leon Godchaux, and the oldest portion of the plantation home dates to 1764, is indexed at the country wide sign in of historical places (NRHP).

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which of the following is something you could find using the cash flow statement? a company's total profits and losses in a period movement of liquid cash in and out of the company capital investments and expenditures depreciation of equipment

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The following is something you could find using the cash flow statement : a company's total profits and losses in a period movement of liquid cash in and out of the company capital investments and expenditures depreciation of equipment.

Capital investment is the acquisition of physical property by way of a organisation to be used in furthering its lengthy-time period business goals and targets. actual estate, manufacturing plant life, and equipment are some of the property which are purchased as capital investments.

Investment is the dedication of money to purchase of an asset to achieve an boom in cost over a period of time. funding calls for a sacrifice of a few gift asset, together with time, money, or attempt. In finance, the cause of making an investment is to generate a return from the invested asset.

The four major sorts of capital consist of running capital, debt, fairness, and buying and selling capital. buying and selling capital is used by brokerages and other economic establishments.

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piper corp. is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24

Answers

The amount of differential cost increase or decrease from making the part rather than purchasing it would be -$30,000.

We do not anticipate any additional fixed costs to be incurred as Piper Corp is already operating at 70% capacity, thus we can produce the unit in-house without any increases to the existing costs.

Differential cost = Unit cost for purchase - Unit cost for manufacturing

Differential cost = $24 - $26 = -$2

Amount of differential cost increase or decrease = 15,000 units x -$2

Amount of differential cost increase or decrease = -$30,000

Therefore, the amount of differential cost increase or decrease from making the part rather than purchasing it would be -$30,000.

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The complete question is here:

Piper Corp. is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24 per unit. The unit cost for the business to make the part is $36, including fixed costs, and $26, not including fixed costs. If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?

a russian aluminum producer selling aluminum for less in the united states than in russia because demand in the United States is elastic, whereas in Russia is less elastic is an example of __ in international trade
price discrimination

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A Russian aluminum producer selling aluminum for less in the United States than in Russian because demand in the United States is elastic, whereas in Russia is less elastic is an example of price discrimination in international trade.

The practice of charging different prices to different customers for the same product or service is considered price discrimination. It is frequently utilized by established, larger businesses to profit from consumer supply and demand variations.

Is raising prices the best way to make more money?

While charging too little can increase sales volume but reduce profits, charging too much can increase profits but reduce sales. Your task is to find a middle ground and create a situation where both you and your audience benefit. Pricing strategies can be helpful in this situation.

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FILL IN THE BLANK. Preferred stock _____.does not pay dividendspays dividends in perpetuitypays a constant dividendhas a fixed maturity

Answers

A constant dividend is paid on preferred stock. Thus the correct answer to this question would be option C. Pays a constant dividend.

.

In comparison to common stockholders, preferred stockholders have a stronger entitlement dividend.

Preference stock, a different type of equity, allows investors ownership in a business as well as the right to profit from that business' operations.

When it comes to dividends, preferred shareholders have a preference over common stockholders. Dividends can be paid monthly or quarterly and often yield more than regular stock.

These dividends can be fixed or set in terms of a benchmark interest rate like the LIBOR​, and are often quoted as a percentage in the issuing description.

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Which of the following are true statements?
I. By the Law of Large Numbers, the mean of a random variable will get closer and closer to a specific value
II. The standard deviation of a random variable is never negative
III. The standard deviation of a random variable is 0 only if the random variable takes a long single value
A. I and II
B. I and III
C. II and III
D. I, II, and III
E. None of the above gives the complete set of true responses

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By the law of large numbers, the mean of a random variable will approach.By the law of large numbers,the mean of a random variable will get closer and closer to a specific value.

The standard deviation of a random variable is never negative.The standard deviation of a random variable is 0 only if the random variable takes on a single unique value σ X = the standard deviation of X.If you draw random samples of size n,then as n increases, the random variable.To find the variance σ2 of a discrete probability each deviation from its expected value, square it,multiply by its probability,and add the products.To find the standard deviation σ of a probability distribution, simply take the square root of the variance σ2. Standard deviation of the sum difference of two independent random variables.Addition for any two independent random variables X and Y, if S = X + Y, the variance of S is SD^2= (X+Y)^2 .To find the standard deviation,take the square root of the variance formula SD=sqrt(SDX^2 + SDY^2) the graph of the distribution always exhibits symmetry.

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illennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 50 cases Millennium purchases each case for $125, there is a $275 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 15 percent. What order quantity minimizes Millennium's annual ordering and holding acosts? 309 cases (Round your answer to 2 decimal places.) If Millennium chooses to order 275 cases each time, what is the sum of its "annual ordering and holding costs? $ 4,662 50 (Round your answer to 2 decimal places.) If Millennium chooses to order 100 cases each time, what is the sum of the ordering and holding costs incurred by each case sold? $ 3.04 per case If Millennium is restricted to ordering in multiples of 50 cases (o g. 50, 100, d. 150, etc.), how many cases should it order to minimize its annual ordering and holding costs? 250 cases (Round your answer to 2 decimal places.) Millennium is offered a 5.00 percent discount if purchases at least 1,000 e. cases. If it decides to take advantage of this discount, what is the sum of its annual ordering and holding costs? $ 7,840.00 or 1

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According to the weekly demands in 50 cases, the total cost of inventory is the sum of the purchase ordering and holding cost.

a. 18.75

b. 5178.13

c. 3.11

d. 300 cases

e. 9621.25

A.

Hence yearly demand D is 50*52 = 2600. Ordering Cost, K is 275.       Holding cost. h is 15% or purchase cost = 15%*125 = 18.75.

B.

In this case the order quantity is 275. If the order quantity is denoted as  Q, annual ordering cost is given as D/Q*K = 2600/275*275 = 2600

Holding cost is given as Q/2*h = 275/2*18.75 = 2578.125

Hence sum of annual ordering and holding cost is 2600+2578.125 = 5178.13.

C.

In this case, the ordering cost is 2600/100*275 = 7150\

Holding cost = 100/2*18.75 = 937.5

Hence sum of ordering and holding cost = 7150+937.5 = 8087.5. As       annual demand is 2600, cost per case sold is 8087.5/2600 = 3.11.

D.

As we saw in part a, order quantity which minimizes the ordering and holding cost is 276.16. In case we have to order in multiples of 50, the closest multiple of 50 we have to 276.16 is 300. Hence it should order 300 case to minimize the ordering and holding cost.

E.

In this case the ordering cost would be 2600/1000*275 = 715

Holding cost would be,

     1000/2*18.75*(1-Discount Percentage) = 9375*0.95 = 8906.25

Hence sum of ordering and holding cost is 715+8906.25 = 9621.25

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in the family decision-making process, family members wiht the power to determine whether to shop for, purchase, use, consumer, or dipose of a specific product or service are referred to as

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In the family decision-making process, family members with the power to determine whether to shop for, purchase, use, consumer, or dispose of a specific product or service are referred to as gatekeepers.

The family group decision-making process is a generic term which tends to include a number of approaches in which the family members are then brought together in order to make decisions that about how to care for their children and develop a plan for such services.

A gatekeeper in the decision-making process can be a parent, in legal setting, who tends to appoint themself the power to decide that what relationship is acceptable between the other parent and the children.

Hence, gatekeepers tend to be people or certain policies acting as a go-between.

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If a firm charges a foreign market a lower price than it charges the domestic market, that firm is said to be ______ its product.Multiple choice question.O disposing ofO dumpingO sellingO transferring

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If a firm charges a foreign market a lower price than it charges the domestic market, that firm is said to be transferring its product. This global trade site is managed by the International.

Trade Administration of the United States Department of Commerce to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S  foreign market barriers , transportation costs (freight and time costs), communication and other information costs, enforcement costs, exchange rate costs, legal and regulatory costs, and local distribution costs are all included in a broad definition of trade product. Foreign trade's primary function is to find ways to obtain capital goods imports, without which no development process can begin.

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