"As is" appraisal type of appraisal has a value based upon the property as it stands, with no completed repairs calculated into the value.
Economic appraisal is a judgement approach used to evaluate a project, program, or policy that considers a wide variety of costs and benefits that are expressed in monetary terms or for which a monetary equivalent may be approximated.
Economic appraisal is a critical tool for getting value for money and meeting decision accountability criteria. It is a systematic procedure for analysing alternative resource uses, with an emphasis on goals, objectives, alternatives, prices, benefits, risks, funding, affordability, and other decision-relevant aspects. Economic evaluation is a system for describing issues and finding solutions that provide the best value for money (VFM).
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Effective Change Management, Effective Application Testing, Resilient Architecture and Serviceable Components are part of what management type
Enterprise architecture management includes effective change management, effective application testing, resilient architecture, and serviceable components.
The term "enterprise architecture management" (EAM) refers to a management practice that "establishes, maintains, and uses a coherent set of guidelines, architecture principles, and governance regimes that provide direction and practical help in the design and development of an enterprise's architecture to achieve its vision." A seamless transformation will be made possible by an efficient change management procedure, and you'll be able to guide your workers through the process while doing so. The sad truth is that suspicion-raising employee conduct and ineffective management practises are to blame for roughly 70% of reform initiatives failing.
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Can a fixed-rate mortgage go up?
In essence, the mortgage's interest rate will not vary throughout the loan's term, and the borrower will continue to make equal monthly payments for interest and principal.
Do fixed mortgage rates ever increase? A home loan option with a fixed interest rate for the duration of the loan is known as a fixed-rate mortgage.In essence, the mortgage's interest rate will not vary throughout the loan's term, and the borrower will continue to make equal monthly payments for interest and principal.Naturally, if you have a fixed-rate mortgage, the increase in interest rates won't have any effect on your loan; your interest rate and monthly payment will stay the same.But if you have an ARM, rising interest rates could increase your monthly payment, and new home loans with fixed mortgage rates might cost more overall.To learn more about mortgage refer
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The book value of an asset will equal its fair value at the date of sale if 1) a gain on disposal is recorded. 2) no gain or loss on disposal is recorded. 3) the plant asset is fully depreciated. 4) a loss on disposal is recorded.
If no gain or loss on disposal is recorded, the book value of an asset will equal its fair value at the time of sale.
How is gain or loss calculated?The gain or loss on asset disposal is calculated by comparing the book value of the disposed asset to the value of any assets received, true or false. The statement is as follows: True.
Asset disposal entails removing assets from a company's accounting books. As a result, the company must record the gain or loss on the asset when it is sold. This is calculated by comparing the book value of the disposed asset to the market value of any acquired assets.
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Viktor's been tracking the conversions in his Display campaign for the last 30 days. He's had 24 conversions over that time, and plans to use target return on ad spend (ROAS) as his automated bidding strategy. Which type of automated bidding strategy will Viktor be using
In that time, there have been 24 conversions, and his automated bidding technique will be to employ target return on ad expenditure (ROAS). Viktor will employ a bidding strategy that is revenue-focused.
The definition of revenueThe total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears only at beginning of the income statement, revenue, which is also characterized as gross sales.
What does, for instance, revenue mean?The entirety of the money that a company has made is referred to as revenue. Typically, income and profit include additional aspects of a business. Incorporate costs like cost of sales, operational costs, taxes, and interest expenditures, for instance, into net income.
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Which type of audit is performed to determine if a health care organization is adhering to Health Insurance Portability and Accountability Act (HIPAA) regulations
A compliance audit is carried out to ascertain a healthcare company.
What is compliance audit?A compliance audit examines all aspects of a company's conformity to legal requirements. In the course of a compliance audit, audit reports assess the robustness and completeness of conformity preparation, appropriate security, user access controls, and risk management practices.
An organization's adherence to internal laws, laws and regulations, norms, and even codes of conduct is evaluated through a compliance audit. A variety of audit types are used in an audit to examine the efficacy of a company's inner controls. Internal audits, IRS audits, and external audits are the three primary categories of audits.
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Choose the right words (presented in order) to complete this sentence: Issues relating to business ethics often lead to _______ conflict, where there may simply not be a(n) _______ correct answer. Therefore, it may not just be a case of deciding between right and wrong but often at an individual level it involves deciding between different courses of action that different _______ both believe to be right or wrong.
Issues relating to business ethics often lead to morality conflict, where there may simply not be a(n) objectively correct answer.
Therefore, it may not just be a case of deciding between right and wrong but often at an individual level it involves deciding between different courses of action that different actors both believe to be right or wrong.
Business ethics is the study of appropriate professional conduct when it comes to potentially contentious issues including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary duties, and much more. The law frequently directs business ethics, however there are events when business ethics offer a basic standard that enterprises should abide by to win the local acceptance.
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A required reserve ratio of 12 percent gives rise to a simple deposit multiplier of Oa. 83.33. O b. 8.33. Ос. 6.67. Od. 12
A required reserve ratio of 12 percent gives rise to simple deposit multiplier of 12.
What is a required reserve ratio?The necessary reserve ratio is the proportion of deposits that banks must hold in reserves in order to comply with Fed regulations. You may calculate the reserve ratio and learn how much of each dollar of deposits must be kept in reserves by dividing the percentage of deposits that must be held in reserves into a fraction. The reserve ratio is a key tool for monetary policy in an economy since it regulates the quantity of money in circulation. The central bank can increase the amount of money in the economy by reducing the reserve ratio. The Federal Reserve mandates that banks and other depository institutions keep a minimum amount of reserves against their liabilities.
Required reserve ratio= 12/1= 12
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What was the significance of the Treaty of Nanjing in 1824?
On August 29, 1842, the First Opium War (1839–1842) between Great Britain and the Qing dynasty of China came to a conclusion with the signing of the Treaty of Nanjing. The first of what the Chinese eventually referred to as the "Unequal Treaties" was this one.
significance of the Nanjing TreatyThe Treaty of Nanjing helped China establish diplomatic and commercial ties with the West, but also significantly reduced the empire's ability to assert its sovereignty. The pact and later, unfair treaties have influenced how China interacts with the rest of the world today.
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Supply chain inefficiencies can waste as much as 25 percent of a company's operating costs.
True
False
Supply chain inefficiencies cannot waste as much as 25 per cent of a company's operating costs. Hence the given statement is false.
Systems for supply chain planning let a company create demand projections for a product, create sourcing and manufacturing plans for that product, modify production and distribution plans, and share information with pertinent supply chain participants.
For the following metric, the impact of poor coordination on supply chain operations decreases the degree of product accessibility. frequently cause peaks in client orders. how much was distributed to distributors or retailers (sell-in)? Many inefficiencies in the supply chain are related to how orders are actually delivered, managed, and tracked, as well as driver locations. Even in the best-case scenario, shipping and logistics may quickly add up to hours of wasted time without automated services and a modern digital platform.
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You have caught a bad cold and have to take time off of work to get well. each week you normally work 8 hours a day for 5 days at $15.00 per hour. if you take a day to get well by not going to work and your pay period is every two weeks, how much less will your next paycheck be given that you miss a day?
a. $100
b. $120
c. $110
d. $130
$15.00*8= 120 less will your next paycheck be given that you miss a day.
John Woo's 2003 American science fiction action picture Paycheck is a genre favorite. Ben Affleck, Uma Thurman, Aaron Eckhart, Paul Giamatti, Michael C. Hall, Joe Morton, and Colm Feore are among the cast members of the movie. Although the movie received mixed reviews upon its December 25, 2003, release by Paramount Pictures in North America and DreamWorks Pictures abroad, it was a financial success, earning $117.2 million on a $60 million budget. Michael Jennings is a reverse engineer in the near future; he examines the technology of his clients' rivals and recreates it with improvements. To protect himself and his clients' intellectual property, Jennings has memory wipes done to erase any knowledge of his engineering.
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What is the meant by opportunity cost method?
Explanation:
When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.
________ is the investment in social relations with the expectation of returns in the marketplace.
A) Social capital B) Social stock C) Market stock D) Media capital
Social Capital is the investment in social relations with the expectation of returns in the marketplace.
What do we mean by social capital?
Social capital is a set of shared values or resources that allows individuals to work together in a group to effectively achieve a common purpose. Social capital can also be thought of as the potential ability to obtain resources, favors, or information from one's personal connections.
It allows people to work together and to access benefits from social relationships. Social capital allows modern economies to function efficiently. Our society, economy, institutions, and political system could not exist without social capital.
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Krause Industries’ balance sheet at December 31, 2016, is presented below.
KRAUSE INDUSTRIES
Balance Sheet
December 31, 2016
Assets
Current Assets
Cash $7,500
Accounts receivable 73,500
Finished goods inventory (1,500 units) 26,050
Total current assets 107,050
Property, Plant, and Equipment
Equipment $40,430
Less: Accumulated depreciation 10,090 30,340
Total assets $137,390
L
Sales budget (8,000 units at $32) $76,800 $256,000
Direct materials used 13,570 62,500
Direct labor 12,500 50,900
Manufacturing overhead applied 10,000 49,270
Selling and administrative expenses 16,660 75,000
To meet sales requirements and to have 2,500 units of finished goods on hand at December 31, 2017, the production budget shows 9,000 required units of output. The total unit cost of production is expected to be $18. Krause uses the first-in, first-out (FIFO) inventory costing method. Interest expense is expected to be $3,500 for the year. Income taxes are expected to be 40% of income before income taxes. In 2017, the company expects to declare and pay an $10,560 cash dividend.
The company’s cash budget shows an expected cash balance of $5,880 at December 31, 2017. All sales and purchases are on account. It is expected that 60% of quarterly sales are collected in cash within the quarter and the remainder is collected in the following quarter. Direct materials purchased from suppliers are paid 50% in the quarter incurred and the remainder in the following quarter. Purchases in the fourth quarter were the same as the materials used. In 2017, the company expects to purchase additional equipment costing $11,900. $9,437 of depreciation expense on equipment is included in the budget data and split equally between manufacturing overhead and selling and administrative expenses. Krause expects to pay $9,260 on the outstanding notes payable balance plus all interest due and payable to December 31 (included in interest expense $3,500, above). Accounts payable at December 31, 2017, includes amounts due suppliers (see above) plus other accounts payable of $8,250. Unpaid income taxes at December 31 will be $7,860.
(a) Prepare a budgeted statement of cost of goods sold.
KRAUSE INDUSTRIES
Budgeted Cost of Goods Sold
For the Quarter Ending December 31, 2017For the Year Ending December 31, 2017December 31, 2017
Cost of Goods ManufacturedManufacturing Overhead AppliedCost of Goods Available For SaleDirect Materials UsedIncome Tax ExpenseNet Income / (Loss)Selling and Administrative ExpensesSalesInterest ExpenseCost of Goods SoldFinished Goods Inventory, 1/1/17Finished Goods Inventory, 12/31/17Direct Labor $
Cost of Goods ManufacturedCost of Goods Available For SaleFinished Goods Inventory, 1/1/17Selling and Administrative ExpensesCost of Goods SoldFinished Goods Inventory, 12/31/17Direct Materials UsedDirect LaborManufacturing Overhead AppliedIncome Tax ExpenseInterest ExpenseNet Income / (Loss)Sales
Cost of Goods Available For Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods Inventory, 12/31/17 Finished Goods Inventory, 1/1/17 Direct Materials Used Direct Labor Manufacturing Overhead Applied Income Tax Expense Interest Expense Net Income / (Loss) Sales Selling and Administrative Expenses $ Cost of Goods Manufactured Direct Materials Used Net Income / (Loss) Cost of Goods Available For Sale Manufacturing Overhead Applied Cost of Goods Sold Finished Goods Inventory, 12/31/17 Sales Selling and Administrative Expenses Finished Goods Inventory, 1/1/17 Direct Labor Income Tax Expense Interest Expense
Cost of Goods Sold Selling and Administrative Expenses Finished Goods Inventory, 1/1/17 Cost of Goods Available For Sale Finished Goods Inventory, 12/31/17 Direct Labor Direct Materials Used Income Tax Expense Manufacturing Overhead Applied Cost of Goods Manufactured Net Income / (Loss) Interest Expense Sales
Net Income / (Loss)Direct Materials UsedDirect LaborManufacturing Overhead AppliedInterest ExpenseIncome Tax ExpenseSalesSelling and Administrative ExpensesCost of Goods SoldCost of Goods Available For SaleCost of Goods ManufacturedFinished Goods Inventory, 12/31/17Finished Goods Inventory, 1/1/17
Cost of Goods Available For SaleCost of Goods ManufacturedNet Income / (Loss)SalesSelling and Administrative ExpensesManufacturing Overhead AppliedDirect Materials UsedFinished Goods Inventory, 1/1/17Cost of Goods SoldDirect LaborFinished Goods Inventory, 12/31/17Interest ExpenseIncome Tax Expense
Direct LaborCost of Goods Available For SaleSelling and Administrative ExpensesNet Income / (Loss)Manufacturing Overhead AppliedCost of Goods SoldFinished Goods Inventory, 1/1/17Interest ExpenseIncome Tax ExpenseSalesDirect Materials UsedCost of Goods ManufacturedFinished Goods Inventory, 12/31/17 $
A balance sheet is a report created to determine the values of a company's assets and liabilities as of a specific date.
Describe what an asset is.If you can sell your possessions for money, they are your assets. In accounting, every thing that a corporation controls or owns is referred to as an asset. Anything that was capable of being sold for money is eligible. The assets and liabilities listed on a balance sheet can be used to calculate the equity value.
Is money a form of asset?Personal assets are things that belong to that of a person or a family and have current or future value. Personal assets often include cash and also its equivalents, certificates of deposit (CDs), check and money market accounts money market accounts, real cash, and Treasury notes.
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When a large volume of product is received at a case-pick warehouse, where is it likely to be placed initially?
a. Reserve storage
b. Case pick area
c. Forward picking location
d. Shipping area
e. It will remain in the receiving yard for several days
When a large volume of product is received at a case-pick warehouse, it is likely to be placed at Reserve storage that is option A is correct.
Within an organization there are separate places to keep the goods that are manufactured and the goods that are received from some other place. Inventory is there to keep the goods within the organization. Sometimes the goods that are received exceeds the limit of storage, then the extra goods are kept in the reserve storage so that when the stock of the goods will be used up the reserve goods will be used. It is necessary to always keep a reserve storage at an organization because there can never be certainty on the production level and also if by any means shortage of goods occur then the reserve goods will come in handy.
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What are the main features of a command economy ?
Command economy is distinguished by state control over wages and prices, restricted property rights, government ownership of important firms and industries, and thriving black markets.
In a command economy, also known as a planned economy, the central government plans, organises, and regulates all economic activity in order to promote societal welfare. In contrast to free-market economies, command economies do not enable market forces such as supply and demand to decide output or pricing.
Cuba, North Korea, and the former Soviet Union are examples of countries with command economies. The central authority prescribes the volume of production of products and regulates their distribution and pricing in a command economy. Command economies proponents say that government control, rather than private enterprise, can ensure equitable distribution of commodities and services.
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Why did the airlines have such a difficult time catching and prosecuting Frank for impersonating a pilot and forging payroll checks
It was difficult to detect and convict someone who was masquerading a pilot and fabricating payroll checks because such behavior was not common at the time.
Without cashing checks at a bank, how did Frank manage to collect money throughout the film?Using magnetic ink, Frank created fake cashier's checks and certified checks from various banks . Then, after forging the names of the bank employees, he presented these checks as payment to numerous parties who had been duped by their appearance.
Why did Abagnale think that being a pilot would help him pay checks more easily?He watched an airline pilot leave a hotel and reasoned that if he were a pilot, lenders would respect them ever more he'd have had an easier way cashing fake cheques. Because a pilot's outfit is so intimidating, no one would challenge me.
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In problem 10 above, what will be the remaining amount of the investment at the end of the 10-year term, after the last income payment is received?
After the last income payment is received the remaining amount of the investment at the end of the 10-year term will be $0.
A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilise it as a source of immediate consumption, but rather as a tool for future wealth creation. An investment always involves the expenditure about some resource today time, effort, money, or an asset in the anticipation of a future return greater than the initial investment.
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What is the main effect of increasing opportunity costs ?
The law of increasing opportunity cost is depicted by the curved frontier line, which states that an increase in production of one good results in an increase in losses for the other good.
Why is it important to raise opportunity costs?In economics and business, the law of increasing opportunity costs is important because it explains the dangers of going completely non-productive. Since decisions about how to best allocate limited resources will always be made, there will always be opportunity costs.
How significant is opportunity cost to a business?
It assists businesses in allocating more resources toward the production of goods and services with the highest contribution margin (profit). It assists the government in selecting the appropriate project for which it gradually expands its resources.
How do trades result from opportunity costs?The key to international trade is opportunity cost, which is reflected in comparative advantage. If we are able to obtain a good from another nation with fewer sacrifices than we would have to make to obtain it domestically, trade benefits us.
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The difference between the price the firm sells a good for and the price the firm paid other firms for intermediate goods is called A. value added. B. producer surplus. C. fixed investment. D. profit.
The difference between the price the firm sells a good for and the price the firm paid other firms for intermediate goods is called The correct answer is B. producer surplus.
Producer surplus is defined as the discrepancy between the price at which a producer is willing to offer products and the price at which he actually receives payment for his goods. A measure of producer welfare is producer surplus. The whole amount that a producer makes when they create and sell a certain amount of an item at the going rate is known as the producer surplus. The producer surplus is equal to the entire income from sales of a producer's goods less the marginal cost of production.
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What are agents, software, or businesses that provide a trading infrastructure to bring buyers and sellers together
Brokerage Firms exist to help their clients find the right buyer and seller for a transactions by bringing them together at the best price for every party, all while taking a commission for your services.
What is Brokerage Firm?An intermediary who brings together buyers and sellers to finish a transaction for company shares, bonds, choices, and other investment vehicles is known as a brokerage business or brokerage company. Once the transaction is completed, commissions or fees are levied as payment to the broker.
In a number of situations, such as investing, borrowing the money, and purchasing real estate, a brokerage provides intermediary services. Brokers act as middlemen to facilitate transactions between buyers and sellers. A broker might be a person or a business.
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United and Delta recently cut their prices for flights between Los Angeles to Seattle to $199. In response, Alaska Airlines cut their price from $239 to $199 for flights between Los Angeles and Seattle in order to remain competitive. Based on this example, what degree of competition exists in the airline industry?
The degree of competition exists in the airline industry is Oligopoly.
An oligopoly is when a small group of big sellers or manufacturers control a sizable portion of a market or an entire industry. The desire to maximize profits frequently gives rise to oligopolies, which can lead to corporate cooperation. Less competition, higher consumer pricing, and lower employee compensation are the results. Many industries, including civil aviation, energy providers, telecommunications companies, rail freight markets, food processing, funeral services, sugar refining, beer manufacture, pulp and paper manufacturing, and auto manufacturing, have been characterized as being oligopolistic. Most nations have legislation that forbids engaging in anti-competitive behavior. EU competition law forbids the use of anti-competitive strategies such price-fixing, influencing market supply, and interfering with rival trade.
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______ leadership approaches attempt to determine the unique behaviors used by effective leaders.
Behavioral leadership approaches attempt to determine the unique behaviors used by effective leaders.
What is leadership ?Leadership in business is the ability to set and achieve difficult goals, act quickly and decisively when necessary, outperform the competition, and inspire others to excel."The act of leading a group of people or organizations." This is how the Oxford Dictionary defines leadership. Simply put, leadership means taking risks and challenging the status quo. Leaders motivate others to achieve something new and better.Effective leadership in business can enhance and encourage teamwork, create a better sense, motivate, inspire confidence, and provide purpose and direction. Good leaders are believed to facilitate organizational development and growth in any business environment. They have the right skills to enhance the efficiency and productivity of many business processes and stimulate the growth and development of organizations.To learn more about leadership from the given link:
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Staying up to date with the customers' changing tastes and demand patterns describes which lean operation competitive advantage?
Staying up to date with the customers' changing tastes and demand patterns describes the customer rules lean operation competitive advantage.
The concept of competitive advantage refers to the development of a system with a distinct edge over rivals. The goal is to efficiently and sustainably create value for the consumer.
Although there may be pure versions of these tactics, operations managers are more likely to be asked to use a blend of them. Cost leadership, differentiation, defensive tactics, and strategic alliances are the four main ways to acquire a competitive edge.
The ability and effectiveness of a company to sell and deliver goods and services in a certain market, in comparison to the performance and ability of other enterprises, is how we define competitiveness.
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An optimal capital structure will ______. Multiple select question. maximize the value of the firm minimize the cost of capital maximize the earnings per share maximize the value of assets
An optimal capital structure will increases a company's market value while lowering its capital costs .
Having said that, the term "optimal capital structure" refers to the ratio of debt to equity that maximizes market value while minimizing a company's cost of capital, more precisely, its weighted average cost of capital (WACC) (i.e. shareholder wealth).
The best capital structure for a business is one that balances the ideal debt-to-equity ratio with the lowest possible cost of capital for the organization. Managers choose internal financing over outside sources. If outside financing is required, start with the safest securities.
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What credit score is needed for a $200000 home loan?
The minimum credit score needed for a $200,000 home loan will vary depending on the lender and the type of loan you are applying for.
What is loan?A loan is a sum of money that is borrowed from a lender such as a bank, credit union, or other financial institution. The borrower is usually required to pay back the loan in full, typically with interest and other fees. Loans are often used to purchase large items such as a car or a home, or to cover expenses such as tuition fees or medical bills. Loans can also be used to start a business or to pay off existing debt. Loans can be secured or unsecured, meaning they are tied to collateral such as a home, or they are not tied to any collateral. The terms of the loan, such as interest rate, repayment schedule, and fees, vary depending on the type of loan and the lender.
Generally, you will need a credit score of at least 620 to qualify for a conventional loan, and a score of 740 or higher to qualify for the best rates and terms.
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As the price of milk increases, producers are normally willing to supply greater quantities. This response is known as the law of Group of answer choices demand averages increasing costs supply variable proportions
The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, providers will offer more of those goods or services, and vice versa.
Demand declines when price rises and decreases in quantity needed (but demand itself stays the same). Quantity requested rises when the price declines. The Law of Demand is this. An inverse connection is shown on a graph as a line that slopes downhill from left to right. Size of the market, to start If there are more (fewer) businesses, the supply curve moves out (in). For instance, if there are more dairy farmers, more milk is produced, and the supply spreads.
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The law of supply is a microeconomic principle that states that as the price of a good or service rises, providers will offer more of those goods or services, and vice versa.
When prices rise and the amount required lowers, demand falls (but demand itself stays the same). When the price falls, the quantity sought climbs. This is the Law of Demand. On a graph, an inverse connection is represented as a line that slopes downward from left to right. To begin, consider the market size. The supply curve shifts out as there are more (or fewer) enterprises (in). For example, as the number of dairy producers increases, more milk is produced, and the supply spreads.
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Sarah is a recent u. S. College graduate who is interested in starting an import tea business. If she follows through with her plans, she will be a pioneer, because only a handful of women choose to start businesses in the u. S
If a nation imports more than it exports, it is in a trade surplus; if it exports more than it imports, it is in a trade deficit.
What percentage of US businesses are owned by women?About 15% of all businesses in the US are owned by women.
Women are the owners of 42% of all U.S. enterprises (13 million). Over 9.4 million people work for companies owned by women. Women are three percentage points more likely than men to launch a business.
A country experiences a trade deficit when it imports more than it exports, but a trade surplus occurs when exports outpace imports.
Basically, the cheaper labor costs in China and American demand for the products made there are what lead to the trade deficit with that nation. Computers, mobile phones, clothing, toys, games, and sporting items are the most popular categories of Chinese imports into the United States.
Therefore, the statement is false.
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A nation is in a trade surplus when it imports more than it exports; It is in a trade deficit if it imports more than it exports.
How many women own businesses in the United States?Women own about 15% of all businesses in the United States. 42% (13 million) of all U.S. businesses are owned by women. Over 9.4 million people are employed by women-owned businesses. Launching a business is three percentage points more likely for women than for men. A country has a trade deficit if it imports more than it exports, whereas a country has a trade surplus if exports outnumber imports.
The trade deficit with China is essentially caused by American demand for Chinese-made goods and cheaper labor costs. The most popular Chinese imports into the United States are sporting goods, clothing, mobile phones, computers, games, and toys.
As a result, the assertion is incorrect.
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How does an increase in taxes affect the economy?
The vast majority of them also imply that raising taxes may raise government revenue, but typically at the expense of economic expansion and taxpayer mobility.
On the other side, tax cuts frequently cause brief declines in revenue while brand recognition and reputation economic growth. Tax compliance refers to both governmental activities and individual behaviour in order to guarantee that taxpayers are paying the appropriate amount of tax at the appropriate time and receiving the appropriate tax allowances and tax reliefs. A tax is a mandatory financial charge or other sort of levy placed on a taxpayer (an individual or legal entity) by an administrative body to pay for various public expenditures and government spending. Around 3000–2800 BC, the first documented taxation was imposed in ancient Egypt. Non-compliance with the law includes failing to pay on time as well as evading or fighting taxation. Taxes can be direct or indirect and can be paid in money or in the equivalent in work. Most nations have a tax system in place to finance public, socially shared, or agreed-upon national demands as well as governmental duties. Most taxes on personal annual income are flat percentage rates of taxation, however certain scale taxes are progressive based on brackets of annual income levels. Taxes are imposed on both personal and business income in the majority of nations. Wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, usage taxes, payroll taxes, fees, and/or tariffs are frequently imposed by countries or subunits.
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Financial Accounting by Thomas and Tietz, 13th edition, 2022 (published by Pearson) with MyLab access.
"Financial Accounting" by Thomas and Tietz, 13th edition, 2022 (published by Pearson) with MyLab access is a textbook that provides students with an introduction to financial accounting concepts and principles.
This edition of the textbook is the most recent one, published in 2022 by Pearson, one of the leading publishers of educational materials. It is written by Thomas and Tietz, who are experienced authors in the field of financial accounting.
The textbook is designed to help students understand the financial statements and their uses, as well as how to analyze, record, and report financial information. The 13th edition of the textbook is expected to have updated content, new examples and case studies, and new ways of presenting the material to make it more accessible to students. Additionally, the textbook comes with MyLab access, which is an online learning platform that provides students with interactive and personalized learning experiences, such as quizzes, simulations, and tutorials. MyLab's access will help students practice and reinforce the concepts learned in the textbook and improve their understanding of the material.
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What is the most common economic system and why?
The most common economic system is Mixed Economy.
Why mixed economy is so common?
An economic system known as a mixed economy incorporates elements of both capitalism and socialism. A mixed economic system provides for some economic freedom in the use of capital and the protection of private property, but it also permits government intervention in the economy to further social objectives. All contemporary economies are dual economies—mixed economies in which the public and private sectors share production resources. A mixed economy is a framework in which production is controlled to some extent by the government and owned by both public and private enterprises.The mixed system, which includes elements of the other economic system types, is the type of economic system that dominates the world's greatest economies (Amadeo, 2020)To know more about Mixed economy here
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