The given statement is 'true'.
The majority of private arbitration agreements are upheld for execution under the federal arbitration statute.
What is the Federal Arbitration Act (FAA) & How does it affect the law in each state?The Federal Arbitration Act is known by this term in official documents. The United States Arbitration Act governs this. It has been around for a while. It was indeed passed on February 12, 1925. Because of this, some groups call the law the "Feb Act." The act is commonly referred to by its acronym, FAA. The act was intended to provide Congress with the authority to support private dispute resolution. In this manner, arbitration might replace a lot of US court proceedings. Both federal and state courts must comply with the Federal Arbitration Act. A ruling by the Supreme Court in Southland Corp. v. Keating Arbitral Tribunal upheld this idea.
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do we have to send the official gmat score before the admission deadline date for the business schools
The Consortium can receive official GMAT scores from GMAC at any time during the application cycle, even after your application has been submitted; however, some programmers may have a deadline by which they want your scores posted.
What is the GMAT?The Graduate Management Admission Test, abbreviated as the GMAT, is a multiple-choice, computer-based, and computer-adaptive standardized exam used worldwide for admission to graduate management / business programmed (such as MBA programs).
GMAC created and administers the GMAT to provide business schools with standardized measures of applicants' readiness for graduate-level academic work. Admissions committees at business schools consider your GMAT score, as well as your work experience, academic record, and supporting materials, to determine your readiness for the rigors of an MBA programmed. The GMAT is divided into four sections, but you will use the same critical thinking and analysis skills throughout the exam as you will in your MBA coursework.
The GMAT content is divided into four scored test sections, each of which is scored separately. Two sections, Quant and Verbal, are also combined to produce your total score:
Analytical Writing Assessment Quantitative Verbal Integrated Reasoning
GMAT test takers have the option of ordering their GMAT test sections. You will select your section order at the test center, just before the test begins. You will be able to select one of three orders:
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zacher co.'s stock has a beta of 1.40, the risk-free rate is 4.25%, and the market risk premium is 5.50%. what is the firm's required rate of return? group of answer choices
The firm's required rate of return is 11.95% i.e. Option C is correct.
The required rate of return (RRR) is the base measure of benefit (return) a financial backer will look for or get for expecting the gamble of putting resources into a stock or one more sort of safety.
RRR is likewise used to work out how productive a task may be comparative with the expense of financing that undertaking. RRR signals the degree of hazard that is implied in focusing on a given speculation or undertaking. The more prominent the return, the more prominent the degree of hazard.
A lesser return for the most part intends that there is less gamble. RRR is normally utilized in corporate money while esteeming ventures. You might utilize RRR to compute your possible profit from venture (return for money invested).
According to CAPM (capital asset pricing model) , the required return on an asset is computed as follows:
Required Return = Risk Free Rate + Beta * Market Risk Premium
Required Return = 4.25% + 1.4 *5.5%
Required Return = 11.95%
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Complete Question is -
Zacher Co.'s stock has a beta of 1.40, the risk-free rate is 4.25%, and the market risk premium is 5.50%. What is the firm's required rate of return?
a. 11.36%
b. 11.65%
c. 11.95%
d. 12.25%
e. 12.55%
(Microeconomics/Macroeconomics) is the discipline that examines the performance and behavior of an economy as a whole.
Macroeconomics is the discipline that examines the performance and behavior of an economy as a whole.
What is Macroeconomics?The study of entire economies is known as macroeconomics; it is the area of economics that is focused on big-picture or general economic aspects and how they interact with one another throughout economies. Macroeconomics ties together the various laws, materials, and innovations that enable economic growth. Poverty reduction and social fairness are impossible without appropriate macromanagement. The fact that theorists of macroeconomics (including classical, Keynesian, monetarist, New Classical, and New Keynesian) differ so sharply is one reason why the subject is challenging to teach. The fact that the textbooks disagree over so little adds to the difficulty.
Correct one is: Macroeconomics
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provides information for decision makers outside of the organization
Managerial accounting is concerned with providing information to external decision makers. Stockholders primarily use managerial accounting information to make decisions.
When Should Managerial Accounting Be Used?Managerial accounting is the type of accounting that provides financial information to company or organization managers and decision-makers. Managerial accounting, such as weekly or daily budgeting, is used to assist managers in making decisions that improve the operational effectiveness and efficiency of the organization.
Managerial accounting differs from financial accounting in that financial accounting focuses on providing financial information to investors, shareholders, creditors, and others outside the organization on a quarterly or yearly basis. Managerial accounting, on the other hand, is used internally to improve company efficiency.
KEY LESSONS
Managerial accounting is the type of accounting that provides financial information to a company's managers and decision-makers.
Managerial accounting frequently includes a variety of financial metrics, such as revenue, sales, operating expenses, and cost controls.
Managerial accounting assists businesses in planning To ensure the company's long-term success, forecast and budget at the enterprise level.
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according to the american marketing association, the function that links an organization to its market through the gathering of information is known as
According to the American Marketing Association, the function that links an organization to its market through the gathering of information is known as Marketing Research.
Marketing research is the systematic collection, recording, and analysis of qualitative and quantitative data about marketing products and services concerns. The purpose is to identify and analyse how changing marketing mix elements affect customer behavior.
This includes describing the data needed to solve these concerns, creating the method for collecting information, controlling and implementing the data gathering process, and finally implementing the data collection process.
After reviewing the acquired data, the conclusions and findings, as well as their consequences, are transmitted to those with the authority to act on them.
Market research, marketing research, and marketing are all commercial operations that are occasionally performed informally. Marketing research has a considerably longer history than market research.
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on december 31, year 1, grove co. leased a machine from farm, inc. for the machine's 7-year useful life. equal annual payments under the lease are $105,000, including $7,500 allocated annually for taxes and insurance, and are due on december 31 of each year. the first payment was made on december 31, year 1. the present value of lease payments at the inception of the lease was $576,500. the lease is appropriately accounted for as a finance lease by grove. in its december 31, year 2, balance sheet, grove should report a right-of-use asset equal to
The present value of lease payments at the inception of the lease ($576,500) minus any un amortized lease payments as of December 31, Year 2.
What is lease payment?A lease payment is a regular payment made by a lessee (the person leasing a property or asset) to a lessor (the person or company who owns the property or asset being leased) for the use of the property or asset.The lease payment is typically made on a regular basis, such as monthly or annually.The amount of the lease payment is usually determined by the terms of the lease agreement and may include factors such as the length of the lease, the value of the property or asset, and any additional expenses such as taxes or insurance.The lease payments are usually made in advance, before the use of the property or asset.The lease payments are usually non-refundable.Lease payments can be used for various assets like real estate, equipment, vehicles, etc.The lease payments can also include additional charges like maintenance, repair, insurance, property tax, and other costs.Lease payments are a regular and predictable source of income for lessors.Lessees can claim the lease payments as an expense on their income statement.Lease payments are used to amortize the asset over the useful life of the asset.Overall, lease payments are a common financial arrangement used to gain access to valuable assets without having to purchase them outright.To learn more about lease payment refer:
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which of the following phrases does not describe an essential characteristic of a factory? a. produces a standardized product to be sold in a wide market b. relies on stocks and bonds in order to finance plants and machinery c. assemble workers under a definite organizational discipline d. carries out complex operations in one building or in adjacent buildings
This sentence does not describe the essential features of the factory in option (b). Rely on stocks and bonds to finance factories and machinery
A factory is a building or group of buildings where goods are manufactured or assembled primarily by machines rather than by humans. Hundreds of workers can be recruited to work in large factories owned by capitalists.the following statements describe the key function of a factory Producing standardized products that are sold in various markets to organize workers under certain organizational disciplines. Perform complex operations on buildings or adjacent buildings
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following a large deposit, excess reserves at the second national bank of middle earth have increased by $ 20 , 000 $20,000dollar sign, 20, comma, 000. how much was that large deposit if the reserve requirement in this country is 20 % 20 , percent? choose 1 answer: choose 1 answer: (choice a) a $ 5 , 000 $5,000dollar sign, 5, comma, 000 (choice b) b $ 20 , 000 $20,000dollar sign, 20, comma, 000 (choice c) c $ 25 , 000 $25,000dollar sign, 25, comma, 000 (choice d) d $ 100 , 000 $100,000dollar sign, 100, comma, 000 (choice e) e $ 200 , 000 $200,000dollar sign, 200, comma, 000
The large deposit that caused the increase in excess reserves at the second national bank of middle earth was $25,000. (choice c)
How much was that large deposit if the reserve requirement in this country is 20 % 20 , percent?To calculate the large deposit that caused the increase in excess reserves, we can use the following formula:Large deposit = Excess reserves / (1 - Reserve requirement)Given the information provided in the question:Excess reserves = $20,000Reserve requirement = 20% (or 0.2 as a decimal)We can plug these values into the formula:Large deposit = $20,000 / (1 - 0.2)Large deposit = $20,000 / 0.8Large deposit = $25,000So the large deposit that caused the increase in excess reserves at the second national bank of middle earth was $25,000. (choice c)To summarize:Excess reserves increased by $20,000Reserve requirement is 20%Large deposit = Excess reserves / (1 - Reserve requirement)Large deposit = $25,000
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jerry has a $3,000,000 umbrella policy. he is involved in a car accident and is found to be responsible for $400,000 in property damages. his car insurance liability limit is $300,000. how much money will his umbrella insurance policy pay out in this case?
The umbrella insurance policy will pay out $100,000 in this case.
Insurance liability refers to the legal responsibility or obligation of an individual or entity to pay for damages or losses caused to another person or property.
It is a type of insurance coverage that protects policyholders from financial losses resulting from claims of negligence or wrongdoing
The umbrella policy has a coverage limit of $3,000,000.
The car insurance liability limit is $300,000.
The total amount of damages caused by Jerry is $400,000.
To find out how much the umbrella policy will pay out, we need to subtract the car insurance liability limit from the total amount of damages: $400,000 - $300,000 = $100,000.
Therefore, the umbrella insurance policy will pay out $100,000 in this case.
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an economy produces 30 apples at a market price of $0.25 per apple and 50 oranges at a market price of $0.50 per orange in a certain time period. twenty-five apples are sold, but 5 apples spoil and are never bought. forty-five oranges are sold, and 5 oranges are held as inventory. what is the value of gross domestic product (gdp) in this economy?
The consumer price index for all urban consumers CPI U rose 2.9 percent, the biggest increase in 12 months.
Since the period ending 2012, the CPI includes products in general use, while the GDP price index includes all goods and services. The CPI does not include all goods and services. CPI measurements depend on the fixed basket of goods. During this period. Energy prices rose 12.0 percent the biggest 12 month increase since the period. The GDP deflator differs from the CPI because it includes produced goods and services rather than consumed goods and services. Further more, the CPI uses a fixed basket of goods, while the GDP deflator automatically changes the group of goods and services over time as the composition of GDP changes.
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what makes technical communication challenging? group of answer choices people are complicated. researching is difficult. writing takes a long time. technology is needed to design documents. technical communication is expensive
Writing takes a long time and technical communication is expensive which makes technical communication challenging.
What is technical communication?
Any form of communication that has one or more of the following traits falls under the wide category of technical communication. Talking about complex or specialized subjects, such computer programmes, medical processes, or environmental laws.
What makes technical writing difficult?
Technical publications may be difficult to understand for readers if they were poorly planned and illogically organized. The content is difficult to navigate, and the sections don't easily flow into one another. In order for your viewers to understand your content, it must be logically organized.
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True or false? Because people respond to incentives, we would expect that if the average salary of accountants increases by 50 percent while the average salary of teachers increases by 20 percent, students will shift majors from education to accounting.
The statement "Because people respond to incentives, we would expect that if the average salary of accountants increases by 50% while the average salary of teachers increases by 20%, students will shift majors from education to accounting" is True because funded by local tax.
The incentives are the amount of money which is given to the employee or worker to achieve the targeted goal and it is the motivated things to give from the organization or firm to the employees.
Because people respond to incentives, we would expect that if the average salary of accountants increases by 50 percent while the average salary of teachers increases by 20 percent. This is why, due to the local taxes which is given to teacher.
On the other hands, accountants gets incentives due to the firm's profit.
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What did American farmers in the late 1880s see as two of their main problems ?
Typically, they attributed low pricing to overproduction. Second, farmers claimed that grain elevators and railways with monopolies imposed inflated pricing on their services.
What do you mean by monopolistic?having complete control over something or striving to do so, especially over a corporate sector, without allowing others to participate: She didn't believe that the fine would be sufficient to prevent monopolistic practices by major firms. The company is accused of engaging in monopolistic activity.
What is an illustration of monopoly?being familiar with monopolistic competition
Restaurants, hair salons, home products, and clothing are some examples of industries with monopolistic competition. To sell, market, and set prices for products like dish soap and hamburgers, several competitor enterprises compete.
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\builds to foster better relationships and improved interactions. removes , resolves problems and prevents issues. provides which improves efficiency. increases and engagement. strengthens to foster innovation.
The top five benefits of effective communication are 3. productivity, 2. barriers, 1. teamwork, 5 clarity and 4 trust.
The process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and comprehended with clarity and purpose is known as effective communication. Both the sender and the receiver are satisfied when we communicate successfully.
Communication can take numerous forms, including verbal and nonverbal communication, writing, visual communication, and listening. It can happen in person, online (on forums, social media, and websites), over the phone (through apps, calls, and video), or through the mail.
Communication must be clear, correct, complete, brief, and empathetic in order to be effective. These are the five C's of communication, albeit they may differ depending on who you ask.
While communication effectiveness is difficult to quantify, its impact is tough to deny.
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Correct question:
Arrange the sequence of the words below so they best complete each of the statements below. the top five benefits of effective communication are: builds ________ to foster better relationships and improved interactions. removes _________, resolves problems and prevents issues. provides _________ which improves efficiency. increases _________ and engagement. strengthens _________ to foster innovation.
ibm creates and sells additional stock to the investment banker morgan stanley. morgan stanley then resells the issue to the u.s. public through its mutual funds. this transaction is an example of a(n):
Ibm makes more stock and sells it to investment banker Morgan Stanley. Through its mutual funds, Morgan Stanley then resells the issue to the American public primary market transaction.
A corporate or governmental body offers securities to investors directly on a main market. An IPO, in which a business first issues shares of stock, is a typical illustration of this kind of transaction.
These transactions take place on an exchange, such the Nasdaq or the New York Stock Exchange. Stocks are bought directly from the issuer when they are purchased on the primary market. The issuing corporation has no role in the secondary market.
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this type of industry consists of a person producing items by hand at home.
A grassroots movement is a modest producing firm run by a person or family, usually from their house rather than from a specially constructed facility.
What kind of industries are instances?Industries are often categorized based on the products and services they offer. For instance, all companies that create and sell pizza on the markets are included in the fast food business. It is crucial to remember that in order to be considered a member of the fast food business, a producer must sell the goods they create on the open market.
What does the term "industry" presume?The term "industry" applies to any business, trade, venture, production, or call of employers as well as any employment, service, occupation, handicraft, or industrial profession of workers.
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according to sarbanes-oxley, what party is responsible for assuring auditor independence? multiple choice public company accounting oversight board (pcaob). shareholders. audit committee. engagement partner.
The Sarbanes-Oxley Act states that the audit committee is responsible for assuring auditor independence. Thus option C is the answer.
The Sarbanes-Oxley Act (SOX) is a federal law passed in 2002 that aims to protect investors by improving the accuracy and reliability of financial statements. One of the key provisions of SOX is the requirement for public companies to have an independent auditor.
The audit committee of the company is responsible for overseeing the financial reporting process and for selecting, retaining, and overseeing the work of the independent auditor. The audit committee must also ensure that the auditor is independent, both in fact and appearance, and that the auditor has access to all books, records, facilities, and personnel necessary to conduct the audit.
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the law of diminishing marginal productivity applies only in the short-run because: group of answer choices some inputs are variable in the short run and some inputs are fixed. all inputs are fixed in the long run. all inputs are fixed in the short run. some inputs are fixed in the long-run.
Because some inputs are variable and some inputs are fixed, the law of declining marginal productivity only applies in the near run. As a result, choice A is the best.
A fundamental concept of economics, the law of diminishing marginal productivity, takes into account both variable and constant inputs to produce an output that initially climbs swiftly, stabilizes, and then starts to decline. Marginal productivity is unimportant for a longer period of time in the market.
More input has the short-term effect of reducing marginal returns while at least one production variable, such as labor or capital, is held constant.
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a project is expected to generate a cash flow of $2,000 in year 1, $800 in year 2, and $1,000 in year 3. at an interest rate of 10%, what is the maximum amount that you could invest in the project at year 0?
Cash flow from a project is anticipated to be $2,000 in year one, $800 in year two, and $1,000 in year three. the highest sum that is conceivable, permitted, or necessary, at a 10% interest rate.
Whats does maximum mean?The largest amount or value that can be obtained or attained.: the height, peak, or apogee of development.: the highest amount or value that can be permitted or allowed by a legal authority (as by the circumstances of a particular case) . A fence or hedge can only be two metres tall according to planning law. With the most points, China took the top spot. Maximum prison sentences under the law are two years.
The minimum and maximum durations are 12 and 60 hours, respectively. The maximum payable rate rule is a unique regulation that permits an agency to set a General Schedule (GS) employee's pay at a rate higher than the rate that would be determined in accordance with standard regulations, based on a higher rate of pay the employee had previously received in another Federal job.
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The project would be: $2,000 / (1 + 0.1)^1 + $800 / (1 + 0.1)^2 + $1,000 / (1 + 0.1)^3.
What is the maximum amount that you could invest in the project at year 0?To calculate the maximum amount that could be invested in the project at year 0, the net present value (NPV) of the project must be determined. The NPV is a measure of the value of the project in today's dollars, taking into account the time value of money.The formula for NPV is as follows: NPV = (cash flow in year 1 / (1 + interest rate)^1) + (cash flow in year 2 / (1 + interest rate)^2) + (cash flow in year 3 / (1 + interest rate)^3)Plugging in the given values, the NPV of the project would be: $2,000 / (1 + 0.1)^1 + $800 / (1 + 0.1)^2 + $1,000 / (1 + 0.1)^3The NPV of the project is negative, which means that the project is not generating enough cash flow to cover its costs, so the maximum amount that could be invested in the project at year 0 is the amount of the negative NPV.To make sure that the project is not losing money, the investor should not invest in the project if the NPV is negative.To learn more about project refer:
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A business that raises money by issuing shares of stock.select the correct word or phrase
Accounts ReceivableCommon StockPartnershipCorporationStockholderAccounts PayableAuditor’s OpinionCreditor
A publicly-traded company. allowing investors to buy and sell ownership in the company.
What is investors ?Investors are individuals or entities that provide capital to businesses, projects, or other investments in exchange for a financial return. Investors may be institutions, such as banks, insurance companies, pension funds, mutual funds, hedge funds, and venture capital firms. They may also be private individuals who invest directly in stocks, bonds, real estate, and other assets.
A publicly-traded company is a business that raises money by issuing shares of stock to the public through an initial public offering (IPO). These shares can then be bought and sold on a stock exchange,
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Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston:
(1st column) Price
(2nd column) Quantity Demanded by Business Travelers
(3rd column) Quantity Demanded by Vacationers
(Dollars)
(Tickets)
(Tickets)
150 2,100 1,000
200 2,000 800
250 1,900 600
300 1,800 400
As the price of tickets rises from $250 to $300, the price elasticity of demand for business travelers is 0. 30, and the price elasticity of demand for vacationers is 2. 20, using the midpoint method. Therefore, the demand for airline tickets in this price range is more elastic for vacationers because business travelers are less sensitive to changes in price
For business travelers and tourists, respectively, the pricing will be 0.23 and 1.29. For tourists, consumption might be delayed, but not for business travelers.
What do you consider to be business?Any individual who creates goods or renders services with the objective of reselling them for such a profit is conducting business. Organization Definition. A creative entity or group that conducts business operations is referred to as a business. They could be industrial, commercial, or of another kind.
Which business has the fastest growth?The food industry is a significant component of India's fastest-growing industry. The traditional food industry sells agricultural goods and services. Nevertheless, as urbanization increases, the new notion of
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According to an article in the new york times, the venezuelan government "imposes strict price controls that are intended to make a range of foods and other goods more affordable for the poor. They are often the very products that are the hardest to find. " source: william neuman, "with venezuelan cupboards bare, some blame price controls," new york times, april 20, 2012. Imposing price controls on goods would make them hard to find because
Imposing price controls on goods would make them hard to find because producers would not want to supply as much as they did before the price controls.
What are typical goods?
Common Products refers to hazardous substances that are often used in the Company Facilities and in proportions required for the regular operation of other facilities of a same kind, such as but not limited to cleaning agents, insecticides, and medications.
What class of goods are services under?
Products are often real, physical objects that your buyers can grasp in their hands.
EXAMPLE: Your firm offers branded giveaways and products for sale to other companies. Services are often unimportant; these are actions you take on behalf of another person. A tangible product is a key item that can be felt, such as a structure, car, appliance, or article of clothing.
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There is a large increase in the value of real estate, including private homes. A The consumption (C) schedule will decrease, and the savings (S) schedule will increase. B Both the consumption (C) and savings (S) schedules will decrease. C The consumption (C) schedule increase, and the savings (S) schedule will decrease. D Both the consumption (C) and savings (S) schedules will increase
Consumption schedules will rise while savings schedules will fall. As property price, particularly individual dwellings, has increased significantly.
What is the impact of GDP on real estate?Share: The combined impact of housing on GDP typically ranges from 15 to 18%, and it happens primarily in two ways: first, through residential investment, which accounts for about 3-5% of GDP on average and includes things like building new single- and multifamily homes, remodeling existing homes, making tiny houses, and broker fees.
why does housing matter to the economy?According to research, the lack of reasonable housing costs the US economy $2 trillion annually in lost earnings and productivity. Families with limited access to cheap housing have fewer options to raise their income, which slows GDP growth.
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the cost constraint suggests that, even when the cost of providing accounting information exceeds its benefit, the financial accounting information should always be provided.T/F
False. The cost constraint suggests that the cost of providing accounting information should not exceed the benefit it provides.
What is accounting ?Accounting is the process of recording, classifying, summarizing, analyzing, and interpreting financial information. It is also used to measure the performance of an organization and to prepare financial statements for external users. Accounting involves tracking income and expenses, preparing financial statements, preparing tax returns, and providing advice on financial matters
If the cost of providing accounting information exceeds its benefit, then financial accounting information should not be provided.
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Consider the following schedule. If the potential GDP is at 8. 0, what can you conclude about price levels and the unemployment rate? Current Price Level Real GDP-quantity demanded per trillion Real GDP-quantity supplied per trillion 120 17. 0 8. 0 115 15. 0 15. 0 110 13. 0 12. 0 100 10. 0 11. 2
The right formula to get the unemployment rate is the total high level of unemployment divided by the total labor force, multiplied by 100.
What does pricing mean?or each individual commands a fee. It is rumored that if someone offers them enough money, they can induce anyone to do something immoral or dishonest. There are always some who have, despite the fact that it may entirely true that now every man has a price. Simple Idioms Dictionary for Learning.
What's a price quotation?A cost proposal is a document prepared with both the buyer and the seller in mind. It serves as a formal breakdown of prices for a sale or job and is prepared by the company or service provider. Prices are often provided in writing upon request. When a client requests
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estimated manufacturing overhead $450,000 estimated direct labor hours 150,000 actual manufacturing overhead $405,000 actual direct labor hours 180,000 based on this information, the amount of overhead allocated to a job that used 300 direct labor hours is $
Predetermined overhead rate per hour of direct labour is $3.
The ratio of calls answered to calls received by the call centre is referred to as the rate.
The sum of money that a business must pay a worker to labour for them for a day:
As per the data given in the above question are as bellow,
Estimated manufacturing overhead $450,000
Estimated direct labor hours 150,000
Calculation of the fixed overhead rate per hour of direct labour:
Predetermined overhead rate per direct labour hour equals estimated manufacturing overhead / estimated number of hours of direct labour (450000/150000 = $3).
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significant barriers to entry exist in a monopolistically competitive industry. group of answer choices true false
This statement is True. Barriers to entry in a monopolistically competitive industry may include high capital costs, high start-up costs, limited access to resources, and the presence of strong competitors. High capital costs can be a major barrier to entry, as firms may not be able to finance the necessary equipment, technology and other investments.
High start-up costs can also be a barrier to entry, as firms may need to develop a product or service to offer that is different from what their competitors offer. Finally, the presence of strong competitors can make it difficult for new entrants to gain a foothold in the industry as they may not be able to compete with established players. Therefore, there are significant barriers to entry in a monopolistically competitive industry.
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oona wants to conduct research on personnel management, workplace environment, and what type of environment results in high levels of employee productivity and efficiency. oona should conduct research in the area of
Oona ought to investigate the psychology of "industrial-organizational" settings.
Is a career in organizational psychology appealing?As an Industrial and Organizational Psychologist, you can anticipate a fairly lucrative income. You will have a great earning potential. One of the biggest benefits of working as an Industrial and Organizational Psychologist is that you can make more than the average salary.
What does industrial organizational psychology look like in practice?Human resources policy planning is a big part of what an industrial-organizational psychologist does. They might, for instance, investigate the working styles of employees and contribute to the creation of policies that foster teamwork and productivity.
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true oe false the closing process within accounting consists of temporary accounts, whose balances only reflect transactions and activities that occurred during the current fiscal year, and permanent accounts that exist year over year within the balance sheet.
The closing process within accounting consists of temporary accounts, whose balances only reflect transactions and activities that occurred during the current fiscal year, and permanent accounts that exist year over year within the balance sheet - True.
At the conclusion of an accounting cycle, closing entries are made as a series of journal entries. These temporary account balances are converted into permanent entries on the company's balance sheet by the closing entries. As a result, the temporary accounts' balance is reset to zero and the subsequent accounting period is now ready to start.
The four steps involved in closing?
Reconcile revenue sources with the income summary. A temporary account called Income Summary is employed while the transaction is being closed.Reconcile spending accounts with the income summary.Immediately follow Income Summary with Retained Earnings.Dividends that are close to retained earnings.For such more question on accounts:
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The closing process in accounting involves both permanent accounts that are present in the balance sheet year after year and temporary accounts, the balances of which only reflect transactions and activities that took place during the current fiscal year.
The statement is true
A series of journal entries are created as closing entries at the end of an accounting cycle. The closing entries transform these transient account balances into long-term representations on the balance sheet of the company. The balance of the temporary accounts is therefore reset to zero, and the next accounting period is now ready to begin. Match up on the income summary and the revenue sources. While the transaction is being closed, Income Summary is used as a temporary account.Reconcile your spending to your income.To learn more about accounts here
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Which functional groups will often assist Procurement in negotiating with suppliers when a supplier bid is received for a large order
The most common functional groups to assist Procurement in negotiations are finance, legal, and operations. Finance can provide information on pricing and financial performance, legal can provide advice on contract terms and conditions, and operations can provide insight into production and manufacturing capabilities.
1. Establish Goals: First, Procurement will need to establish the key goals of the negotiation in order to assess the supplier's bid. These goals may include getting the best price possible, ensuring the supplier can meet the deadlines and the quality standards, and understanding the terms of payment and delivery.
2. Analyze the Supplier Bid: Procurement should then analyze the supplier's bid to ensure it is suitable for the order. This includes assessing the price, quality, delivery times, payment terms, and any other factors that are important for the order.
3. Research the Supplier: Procurement should research the supplier to ensure they have the resources and expertise to deliver the order. This can include looking at the supplier's track record, customer feedback, and references.
4. Use Negotiation Tactics: Procurement should use negotiation tactics to get the best deal possible from the supplier. This can include asking for discounts, offering incentives for early delivery, negotiating for better payment terms, and so on.
5. Leverage Functional Groups: Procurement should leverage other functional groups, such as legal, finance, or operations, to provide additional leverage in negotiations. These groups can provide additional resources or expertise to assist.
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