Option 3. The examples of automatic stabilizers are:
personal income taxesWhat is meant by automatic stabilizers ?Automatic stabilizers are components of government budgets that, without the approval of lawmakers, raise expenditure or lower taxes when the economy weakens. 2
Corporate and personal income taxes that are gradually graduated, or set in proportion to the taxpayer's income levels, are a typical type of automatic stabilizers. Other instances include transfer programs like welfare, stimulus cheques, unemployment insurance,
Taxes, unemployment insurance (UI), the Supplemental Nutrition Assistance Program (SNAP), and Medicaid are the most well-known automatic stabilizers.
The tax and transfer systems have mechanisms known as automatic stabilizers that, without the direct involvement of policymakers, cool the economy when it overheats and stimulate it when it is in a slump. Without the direct involvement of policymakers, automatic stabilizers counteract swings in economic activity.
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the official unemployment rate is not an accurate indicator of actual unemployment in the economy because
The official unemployment rate is not an accurate indicator to demonstrate the actual unemployment in the economy because it failed to include people who have given up looking for work.
Unemployment is a situation where a person is actively looking for employment but unable to find one. Unemployment could be divided into 4 types:
Frictional unemploymentCyclical unemploymentStructural unemploymentInstitutional unemploymentFrictional unemployment represents people who voluntarily leaves their jobs and looking for another job. These people are currently jobless but in the process of job-seeking. Frictional unemployment is a natural result of recruitment process.
Cyclical unemployment represents unemployed workers resulted from the economic upturns and downturns. These people are affected by the economic fluctuation such as changes in oil prices or ressesion. Cyclical unemployment tends to rises during ressesion periods and declines when the economy grows.
Structural unemployment occurs when a technological change in the structure of the economy decrease the amount of labors needed. Technological changes lead to displacement of the current workers with techology and make those workers become unemployed because their services could be replaced by technology.
Institutional unemployment happens because of long-term or permanent institutional factors and incentives in the economy, such as government policies about minimum wage floors, labor market phenomena, discrimination hiring, etc.
However, besides those 4 types of unemployment, there is another type of unemployment in the economy. This unemployment represents the people who are already given up to looking for jobs. This type of unemployment is called discouraged workers.
These discourage workers are usually unable to be included in the official unemployment rate. Hence, the real unemployment rate is a better option to give more accurate picture of an actual unemployment in the economy because it includes discourage workers into its calculation.
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FILL IN THE BLANK. with respect to employee termination, a(n) ____ suit typically attempts to establish that the termination either violated an implied covenant or violated public policy.
With respect to employee termination, a wrongful discharge suit typically attempts to establish that the termination either violated an implied covenant or violated public policy.
What is Public Policy?To answer or handle pertinent and real-world problems, public policy is an institutionalized proposition or a decided collection of elements like laws, rules, guidelines, and acts. It is motivated by a notion and frequently carried out through programs.
Typically, a government produces and/or enacts them on behalf of the people. Sometimes they are created by nonprofit organizations, or they are created in collaboration with communities or individuals, and they may employ some of the scientific data or prospective experts, scientists, engineers, or stakeholders.
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Your Question was incomplete but most probably your question was.
FILL IN THE BLANK. with respect to employee termination, a(n) ____ suit typically attempts to establish that the termination either violated an implied covenant or violated public policy.
a. discrimination
b. forgery
c. encroachment
d. unethical practice
e. wrongful discharge
Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and 18, as dependents. Their AGI is $140,000.
Santiago and Amy's child tax credit for 2018 is
PS: The child tax credit is $2,000 per child, and the dependent tax credit is $500 per non-child dependent. The child tax credit phases out as AGI exceeds $400,000 (married filing joint) or $200,000 (other taxpayers). The child tax credit is partially refundable (up to $1,400 per child, but no more than 15 percent of earned income in excess of $2,500). The dependent tax credit is not refundable.
To be eligible for these credits, the child must be under age 17, a U.S. citizen, and a dependent of the taxpayer.
Santiago and Amy are married and file a joint tax return, claiming as dependents their three youngsters, a while 12, 14, and 18, as dependents. Their AGI is $one hundred forty,000. Santiago and Amy's child tax credit score for 2018 is $4,000.
In view that Santiago and Amy are the joint filers and their AGI is likewise much less the $four hundred,000, they may be eligible for the credit score. but, the credit score can be claimed for 2 children because 1 toddler is above 17 years.
The maximum credit amount is $500 for each structure that meets certain situations. for instance, ODC can be claimed for dependents of any age, which include people who are age 18 or older. Dependents who have Social safety numbers or personal taxpayer identity numbers.
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a consumer is reading a magazine with ad advertisement, but is distracted from reading the advertisement or its key points. this unplanned static during the communication process is called
A consumer is reading a magazine with an ad advertisement, but is distracted from reading the advertisement or its key points. This unplanned static during the communication process is called noise.
What is the communication process?Communication is an essential process in any organization. It refers to the exchange of ideas, thoughts, and information between people. The communication process involves a sender who encodes a message and a receiver who decodes the message. The communication process is a dynamic one, as it requires both sender and receiver to be actively engaged in the process. Additionally, there needs to be a channel of communication such as verbal or nonverbal communication, for the message to be conveyed.
Noise is anything that disrupts or interferes with the communication process, including distractions like the one described in the scenario. In this case, the distraction is preventing the consumer from reading the advertisement or its key points, thus disrupting the communication process and resulting in noise.
It can be concluded that a consumer is reading a magazine with an ad advertisement, but is distracted from reading the advertisement or its key points. This unplanned static during the communication process is called noise.
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orlando is a manager and sales coordinator at etc merchandise. his team members have the liberty to work from home or office, just like orlando does, as long as they meet the sales targets every month. orlando allows them this liberty because he knows that they are highly focused and dedicated like him, and that they monitor their own progress and work effectiveness, just like he does for himself. this scenario illustrates the concept of .
The scenario illustrates the concept of self-control applied in the corporate environment, specifically in a sales team. Thanks to Orlando's leadership and management skills, he can achieve the proposed objectives of his work team, giving them high flexibility and autonomy with minimum supervision.
Orlando self-control skillsClarity of sales targets that they must achieve.Assertive communication strategies that he has with his work team to establish the individual sales targets of each member.The exemplary behavior that he transmits to his work team, is based on his high focus, dedication, work effectiveness, and self-monitoring of his progress.Capacity to regulate your emotions, thoughts, and behavior in different situations.Know more about self-control here:
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when employees feel that they have some control and perceived rights in the organization, they are more likely to be committed to the organization. this is a concept called .
This concept is called Psychological ownership.
What is Psychological Ownership?
Employees that believe they have a stake in their business or employment are said to have psychological ownership of it. This feeling results from commitment and contribution. Enabling employees to boost their effectiveness is a powerful tool that managers who understand the potential good and negative consequences of psychological ownership can use to ensure that both people and the organization benefit. What you should know is as follows: Learning about a company and putting time and effort into it can frequently lead to a sense of psychological ownership. Positive results for the corporation, such as greater motivation, corporate responsibility, and loyalty, are linked to psychological ownership. Reciprocity between the employer and the employee is a requirement of positive psychological ownership. Territoriality and a reluctance to share are a couple of the negative consequences, though.
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why are russian press outlets still under a significant amount of government control, even though they are privately owned?
The Russian press outlets are still under a significant amount of government control, even though they are privately owned. The recent history of the Russian media shows how the media system was preconditioned by the country's political development.
In the 1990s the Russian media system underwent major transformations following the collapse of the Soviet Union. Still, the development of the new Russian media system in the direction of the Western ideal was constrained by the deeply rooted cultural and professional traditions of Russian journalism. Russian media continued to be used as tools of political control.
Because of the constrained political environment, Russian media were unable to resist the pressure from the state and succumbed to the well-known conformism pattern according to which they've been operating in the Soviet times.
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which of the following are characteristics of chapter 13 bankruptcy provisions? i. a repayment plan is implemented. ii. the debtor is typically required to relinquish assets. iii. debt payments may be reduced so payments are more manageable for the debtor. iv. generally, chapter 13 bankruptcy is more favorable for creditors than chapter 7 bankruptcy. which of the following are characteristics of chapter 13 bankruptcy provisions? i. a repayment plan is implemented. ii. the debtor is typically required to relinquish assets. iii. debt payments may be reduced so payments are more manageable for the debtor. iv. generally, chapter 13 bankruptcy is more favorable for creditors than chapter 7 bankruptcy. i and ii i , iii, and iv i and iii ii and iv
A the repayment plan is implemented, the debtor is typically required to relinquish assets, and generally, chapter 13 bankruptcy is more favorable for creditors than chapter 7 bankruptcy.
An economic entity or a business can own or control any resource as an asset. It is anything that has the potential to generate gains in terms of the economy. Assets are ownership value that can be exchanged for cash. An asset is a resource with economic value that a person, organization, or nation owns or manages with the hope that it will someday be useful. People or other entities who are unable to pay their creditors back can seek some or complete relief from their debts through the legal process known as bankruptcy. Most often requested by the debtor, bankruptcy is imposed by a court order in most jurisdictions.
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a customer owns 200 shares of abc, purchased 2 years ago at $50 per share. the current market value of abc stock is $60 per share. if the customer gifts the stock to a charity, the result is: i a tax deduction to the donor of $50 per share ii a tax deduction to the donor of $60 per share iii a cost basis to the gift recipient of $50 per share iv a cost basis to the gift recipient of $60 per share a i and iii b i and iv c ii and iii d ii and iv
For the provided information above, it can be concluded that if the customer gifts stocks to a charity, the result is that the donor and the recipient may have gift tax liability as $60 and $50 per share respectively. Therefore, the options II and III hold true.
Tax liabilities can be referred to or considered as the total amount of taxes payable by an individual in order to fulfill its responsibility as a charge over its annual income.
For the above information, the tax liability will be in the hands of the donor as well as the recipient, however, the donor will have full liability of the cost of donation, but the recipient will have a liability of only $50 per share.
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according to the capm, what is the required rate of return for a stock with a beta of 0.7, when the risk-free rate is 7% and the expected market rate of return is 14%?
According to the capm, the required rate of return for a stock with a beta of 0.7, when the risk-free rate is 7% and the expected market rate of return is 14% is 11.9%
CAPM is an acronym of Capital Asset Pricing Model and it is a financial model that calculates the expected return for an asset or investment. CAPM will calculate by using the expected return on both market and from a risk-free asset, also with the asset's correlation with the beta value (sensitivity to the market).
Based from the question given, what is the required rate of return for the stock?
The return is computed with this formula
= Risk free rate + Beta * (return on market - risk free rate)
= 7% + (0.7 * (0.14 - 0.07))
= 0.07 + (0.7 * 0.07)
= 0.119 = 11.9%
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if input prices rise and as shifts to the left by 2,000 units at each price level, what will be the new equilibrium output level and price?
New equilibrium output level and price is 7000
What is equilibrium?
The state of a system when neither its state of motion nor its internal energy state tend to change over time. Demand and supply were in balance.
What are Equilibrium Output and Equilibrium Price Levels?
In short, it is the interaction of buyers and producers of all products that determines both national income (real GDP) and price levels. In other words, the intersection of Aggregate Demand (AD) and Aggregate Short Term Supply (SRAS) determines the short run equilibrium production and price levels.
How do you discover the equilibrium level of output?
E=C+I+G+NX [Aggregate demand is the sum of consumption, investment, government purchases and net exports. ] E=Y* [At equilibrium, total expenditure equals total income or total production.]
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kurt busch won the 59th daytona 500 in february 2017. if he paid back a $6,800 loan with $20 interest at 7.5%, what was the time of the loan? (
t = 14.31 days is the time of the loan.
What is a loan?In a loan, a certain quantity of money is given to another person in exchange for the value or main amount being repaid at a later date.
In many circumstances, the lender increases the principal value by adding interest or finance charges, which the borrower must pay in addition to the principal sum.
A loan that is secured has some sort of collateral as security. For instance, up until the loans are fully repaid, the majority of financial institutions demand that borrowers show their title deeds or other documentation that prove their ownership of an item.
Given the following parameters
P = $6800
I = $20
rate = 7.5% = 0.075
Substitute the given parameters into the formula
Convert to days
Hence the time of the loan is about 14.31 days.
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jones corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. the working capital is:
On its most recent balance statement, Jones Corp. had current liabilities of $137,000 and current assets of 193,000. The balance sheet includes the working capital.
For instance, the working capital of a corporation is 100,000 if its balance sheet shows 300,000 in total current assets and 200,000 in total current liabilities.
By dividing your current assets by your current liabilities, you may get your current ratio, which compares your current assets to your current liabilities. The current ratio is used by potential investors to assess a company's liquidity or capacity to settle short-term loans. As shown on the balance sheet, working capital is computed as current assets minus current liabilities.
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value-based pricing strategies are anchored to the . group of answer choices floor production costs ceiling competition
Answer:
Explanation:
Value-based pricing strategies are anchored to the consumers recognized value of services.
What is value-based pricing?
Value-based pricing is a way of setting prices mainly focusing on the consumers identified values of services or products. It basically means that companies estimates their pricing on the basis of importance levels of consumers for particular products or services.
It differs in contrast to cost plus pricing that lays emphasis on the production costs for pricing computations.in This pricing strategy companies that offers highly valued services are well above than the companies that focuses on selling commoditized goods.
What are the advantages of value-based pricing?
The main advantages of value based pricing is that it leads to higher price points followed by possible increment in brand values. Additionally, value-based pricing promotes loyalty amongst customers and al so helps to include feedback from customers in designing upcoming products.
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The Consumer Price Index (CPI) is constructed by:
a. estimating the prices of goods and services in the economy at the same rate as the cost of living increases.
b. comparing the value of a "market basket" of goods that consumers typically purchase to the value of the basket in a base year.
c. comparing the value of a "market basket" of goods that consumers typically purchase to the value of the basket in cities around the country.
d. averaging all prices of goods and services in the economy.
CPI is a measure of the price level in an economy. It is calculated as a ratio of expenditures of goods in a market basket in a given year and the expenditure of the same basket in a base year.
The Consumer Price Index (CPI) is Comparing the value of a market basket of goods that consumers typically purchase to the value of the basket in a base year.
What does "Consumer Price Index" mean?
Inflation is measured using the consumer price index (CPI). It is used to calculate the typical change in home product price between two specified periods.
It is an overall assessment of product pricing trends while maintaining quality.
What occurs when the CPI rises?
A rise in the CPI indicates that there has been an increase in the average change in price over time.
Changes in the cost of life and income eventually result from this (presumably so that income is adjusted to meet a higher cost of living). Indexation is the name given to this procedure.
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in a saledate field, you can display dates as 03-jan-21, for example, by selecting medium date as the property.
In a sale date field, you can display dates as 03-Jan-21, for example, by selecting a medium date as the formal property.
To cover a question area in getting admission, open the query that contains the field to cover from the end result set in the query layout view. Then, in the QBE Grid, uncheck the checkbox in the “show” row of the field you want to cover.
Get the right of entry to automatically present the date and time in the fashionable Date and long-term codecs. The dates appear as, mm/dd/yyyy within the U.S. and as, dd/mm/yyyy outdoors the U.S. in which mm is the month, dd is the day, and yyyy is the yr.
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bertie bott's every flavour beans was originally just a product in the harry potter book series, but it is now actually available for purchase. this is an example of blank
The transformation process from which a product, item, or property from a movie, game, book, or other fictional source is being produced and sold in real life is called defictionalization.
Defictionalization is the exact opposite of product placement, in which a real-life product or brand appears in a movie. Defictionalization products usually serve as merchandise or memorabilia from a particular film or franchise. This product enables consumers to have a more immersive experience of a film.
For example, by eating Bertie Bott's every flavor beans, consumers can imagine themselves as a member of the Wizarding World and relive the point of view of the characters in the movie.
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finley corporation has monthly fixed costs of $240,000. it sells two products for which it has provided the following information.
The contribution margin for the company is $10.
What is contribution margin?The difference between the selling price per unit and the variable cost per unit is known as the contribution margin (CM), also known as the dollar contribution per unit (DCPU). The amount of sales revenue known as "contribution" aids in covering fixed costs and is not utilized to cover variable expenditures. This approach is one of the cornerstones of break-even analysis. Analysis of contribution margins, a measure of operating leverage, evaluates the effectiveness with which increasing sales result in increasing profits. The fixed and variable costs of the company are combined in the contribution income statement, a management accounting version of the income statement, to determine contribution margin. Contribution margin calculations can be used by managers to determine whether to preserve or eliminate specific business features.
Contribution margin= 240000/24000=10
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Question:
Finley corporation has monthly fixed costs of $240,000. it sells two products for which it has provided the following information. Find the contribution margin of the company?
Jamie borrowed $10,000 from the bank. Eventually, the loan payments will total $11,156.
Jamie borrowed $10,000 from the bank and has to pay total loan payments of $11,156. The interest rate is 5.6%
The formula for the future value of compound interest is:
FV = PV (1 + r)ⁿ
Where:
FV = future value
PV = present value
r = interest rate per period
n = number of periods
Parameters given in the problem:
PV = $10,000
FV = $11,156
n = 2 years
Hence,
11,156 = 10,000 (1 + r)²
(1 + r)² = 11,156 / 10,000 = 1.1156
1 + r = 1.056
r = 1.056 - 1 = 0.056 = 5.6%
Hence the interest rate is 5.6%
Your question is incomplete, but most probably your question was:
Jamie borrowed $10,000 from the bank. Eventually, the loan payments will total $11,156. The loan period is 2 years, compounded annually. How much is the interest rate?
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an umbrella policy is designed to cover: multiple choice expensive personal property. flood damage. property when traveling away from home. additional buildings on your property. major personal liability claims.
An umbrella policy is designed to cover major personal liability suits.
What does an umbrella policy serve?
Having umbrella liability insurance shields you against the potential financial repercussions of particular unforeseeable situations that result in harm or property damage and for which the policyholder is held liable.
Is having an umbrella policy worthwhile?
Umbrella insurance typically delivers good value for the money due to its high coverage limit. However, you might also find yourself having to pay more for your other insurance coverage if you have to increase your liability insurance to reach the minimum levels needed for umbrella insurance.What does an umbrella insurance policy not cover?
You receive additional liability protection with an umbrella policy. This can aid in defraying the expense of harming other people or damaging their property.
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true or false: an overhead variance report can be used to help management identify individual overhead costs to investigate.
Answer:
true
Explanation:
what handles production planning and execution tasks such as demand forecasting, production scheduling, job cost accounting, and quality control?
Production and materials management ERP components.
Planning is one of the most essential components of control. An excellent plan can boom earnings to their surest degrees. In relation to planning, one have to keep several matters in mind. Those consist of the components of planning.
The act or art of management : the conducting or supervising of some thing (such as a commercial enterprise) business stepped forward under the management of recent owners. : sensible use of approach to perform an cease.
Normally, the six useful regions of business management contain approach, advertising, finance, human assets, technology and gadget, and operations.
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in the case of a manufacturing company, which of the following is an example of a value-creation process?A) Product designingB) Human resource servicesC) Public relationsD) Legal services
For a manufacturing company, legal services will be considered an example of a value-creation process.
What is value creation?The process of transforming labor and resources into something that satisfies other people's needs is known as value creation.
Any business's principal goal is to create value. It is about giving customers value so they will buy the goods or service.
These four ways of creating value are designated as follows:
A) Intentional value co-creation.
B) Value creation driven by providers.
C) Value creation driven by customers.
D) Spontaneous value creation.
value creation through marketing and sales. Customers are made aware of value through selling, which increases their willingness to pay for it. Profits are derived from the creation of value during the production or provision of services as well as the communication of value during the sales process.
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Independently owned businesses that take title to the merchandise they handle. In different tradesthey are called jobbers, distributors, or mill supply houses. Include full-service wholesalers and limitedservicewholesalersMerchant wholesalers
Merchant wholesalers , merchant wholesalers take ownership to the products they offer, meaning they acquire and sell products on their own behalf.
Who do merchant wholesalers sell to?In general, merchant wholesalers take ownership to the products they offer, meaning they acquire and sell products on their own behalf. Items with a typical life expectancy of three years or more are considered durable products, whether they are new or old.The two most common categories of intermediaries in indirect sales are merchant wholesalers and agency wholesalers. The ownership of the goods they sell is the key distinction between them. Agent wholesalers only receive commissions for their sales, while merchant wholesalers own the products they sell outright.Retailers and manufacturers can also be wholesalers. For instance, General Mills manufactures a variety of foods, such as cereal. Then they give cereal to supermarkets that sell products to consumers.To learn more about merchant wholesalers refer,
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life savers gummies fruit splosions, liquid-filled gummies combined with a burst of real fruit juice, are a new product for the wrigley co.. before marketing the product nationwide, wrigley gave out samples of the candy at several rock concerts and then recorded consumers' feelings about the candy, its taste, and its name. in which stage of the new-product development process would this have happened? group of answer choices prospecting brainstorming focus group management test marketing screening
In this stage of the marketing test process, new product development will occur.
The notion of marketing is a comprehensive, integrated, and planned process carried out by an organization or institution in conducting business to be able to accommodate market demand by creating products with selling value, determining prices, communicating, conveying, and exchanging offers that are of value to consumers, clients, partners and the general public.
In simple terms, the definition of marketing is more identified with the process of introducing a product or service to potential consumers. These aspects of marketing include advertising, public relations, promotion, distribution, sales, and customer service.
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Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: In addition, Rodriguez bought a small service machine for $5, 300 Required: Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method (List loss amount and cash outflows as negative amounts.)
A cash flow statement is a type of financial statement that shows the inflow and outflow of cash for a company or business. It directs the company's managers when, chooses borrowing money.
The cash flow from operating activities component of a company's cash flow statement is the first section. It is used to define the manner in which a corporation uses its capital at any one time and how it obtains its funding from ongoing, typical business operations like sales and manufacturing. Net income, which can be included in the income statement, net income adjustments, and changes in working capital are typically included in the cash flow statement. Net income is frequently the first line item in the operating activities part of the cash flow statement. This indicator of a company's profitability is derived directly from the net profit shown in the business's income statement for the applicable period. The cash flow statement must then compare the net income and net cash flows. To do this, depreciation and amortization are two non-cash expenses that be added back.
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when a company uses a allocation rate there is only one base for allocating all overhead costs to products or other cost objects. (enter only one word.)
When a company uses a allocation rate there is only one base for allocating all overhead costs to products or other cost objects is companywide allocation rate.
What is meant by overhead cost?The expenditures involved in running a firm that aren't related to developing or manufacturing a good or service are known as overhead costs, often known as overhead or operating expenses. They are the costs a business must pay to remain open, regardless of how successful it is.
Indirect costs, such as rent, utilities, insurance, and salaries for office workers and supplies, are referred to as overhead costs since they are not directly tied to the production activity. Overhead costs must be paid even if there is no production.
Since these expenses are not directly related to a specific business activity and do not contribute to the creation of profits, they are classified as overhead expenditures.
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which is correct? a company can increase its profit by increasing production if, at its current level of production,
Marginal revenue - Marginal cost > 0 is correct for a company can increase profit by increasing production if, at current level of production.
What is Marginal revenue?Increasing product sales by one unit results in an increase in total revenue, which is known as marginal revenue, a key notion in microeconomics. Examining the difference between the total advantages a company gained from the quantity of a good or service produced during the previous period and the present period with an additional unit increase in the rate of production is necessary to determine the value of marginal revenue. With marginal cost also being taken into account, marginal revenue is a vital instrument for economic decision-making in the context of a corporation. In a market where there is perfect competition, the extra money made from selling a further unit of a good is equal to the price the company can charge the buyer.
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How do we use information properly?.
Information aids in the avoidance of research duplication.
What is an information and how to use it properly?Data used by people to make sense of the world is defined as information. It is knowledge that has been gained or shared through study, instruction, investigation, or news, and it is shared through the act of communicating, whether verbally, nonverbally, visually, or in writing.Here are a few tips for making better use of information and thinking more efficiently:
Be quiet and attentive.Never ignore what your emotions are telling you.Never think when under duress.Never concentrate on a single point of view.Information aids in avoiding research duplication. Information is attained thought processes of users, especially scholars. Scientists, engineers, scholars, and others can use information to stay informed about current advancements in their fields and to stay current.To learn more about information refer to :
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after abby graduated from college last year, her uncle created an accounting position for her in his business. her older brother is in charge of purchasing inventory for the store, yet often the store runs out of popular items or is overstocked with products that must be marked down to be sold. abby is confident that her brother is more suited for handling accounting and finance, while she has a sense of what sells and how much sells. although she has spoken with her uncle about it a couple of times, he seems reluctant to change. as the founder of the business, he may multiple choice find it difficult to remove family members from positions, even if it is not good for the business. find it difficult to retrain abby for the job, and even though his business is losing opportunities, he will stay the course. know that profit margins have declined, but he doesn't care. have a bigger picture of things, and not feel the need to respond to a family member's request.
He may, "Find it difficult to remove family members from positions, even if it is not good for the business."
When a family member hires close relatives or friends, they frequently do not want to let them go. They aim to keep family disputes at bay because they can interfere with corporate operations. The function of the brothers in the company should be altered by Abby's uncle so that it may operate more efficiently and avoid having unsold inventory.
The brother might wish to switch roles, but he is hesitant to ask the uncle for fear that he would become angry. The best course of action in this kind of circumstance is to convene a family or business meeting, discuss the various duties, and then simply ask if anyone would like to switch roles in the company.
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