Budget deficits automatically increase during recessions and decrease during expansions.
Budget deficits tend to increase during economic recessions and decrease during economic expansions. This is because the government's tax revenues tend to decrease during recessions as economic activity slows, while spending on programs like unemployment insurance and other assistance tends to increase. As a result, the government may need to borrow money to finance its spending and this can lead to an increase in the budget deficit.
Whereas, during economic expansions, tax revenues tend to increase as economic activity improves and the government may be able to reduce its spending, resulting in a decrease in the budget deficit. However, the relationship between economic conditions and the budget deficit is not always straightforward, and factors like government policies and spending priorities can also have a significant impact on the size of the deficit.
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3.
What is the importance of trade?
use the following data from mayonnaise manufacturing co. to identify the revenues from sales of finished goods for the year.
In mayonnaise manufacturing, egg yolk is used as an emulsifier at a stage usually among 4% and 8%. Water makes up the non-stop phase of the method at five-15% with various other additives for taste including salt, sugar.
The classic way to make mayonnaise calls for a whisk, steel bowl, sturdy fingers and patience! as an alternative, to prepare homemade mayonnaise, I suggest the usage of a mixer. We also can use a blender, but the end result might be a stiffer and less fluffy sauce.
Whilst some culinary historians have a look at that a mayonnaise-like aggregate of olive oil and egg become fed on by way of historical Egyptians and Romans, the mayonnaise that we recognize today—an emulsion of oil, egg and lemon juice and/or vinegar, plus seasonings—become advanced by means of one of the notable chefs of France.
On the coronary heart of the debate is the definition of mayonnaise. in step with the FDA, mayonnaise is defined as a aggregate of vegetable oil, vinegar, egg yolk, and lemon juice. Hampton Creek, however, created a line of "simply Mayo" products which are eggless and produced from vegetation as a substitute.
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During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. For January. Identify whether the variance is favorable or unfavorable?
Answer:
Std rate per hour: 11.00
Std hours = 1000*2 =2000
Actual hours = 1850
Actual rate = 11.80
Labor cost variance = Std cost - Actual cost
Labor cost variance = (2000*11) - (1850*11.80)
Labor cost variance = 170 Unfavorable
Labor rate variance = Actual hrs (Std rate - Actual rate)
Labor rate variance = 1850 *(11-11.80)
Labor rate variance = 1480 Unfavorable
Labor qty variance = Std rate (Std hrs-Actual hrs)
Labor qty variance = 11 (2000-1850)
Labor qty variance = 1650 Favorable.
The following is the trial balance of kencho sales located in Tabs, Thimphu as on 31st December 2019.You are required to prepare financial statements as at 31st December 2019.
An investor does not wish to attempt to time the market, so she invests $300 each month into the GEMCO Growth Fund. Over the past 5 months, her purchase prices have been $10, $12, $15, $20, and $25. On the basis of this information, if she were to stop investing at this point and sell her shares 2 months from now when the NAV is $15 per share and the public offering price is $15.79, it would be CORRECT to state that her A) average cost per share was $16.40 B) proceeds were $15.79 per share C) cost basis for tax purposes was $14.71 D) realized loss would be $1.40 per share
Answer:
It would be 4(67)+ 56-
Explanation:
FILL IN THE BLANK. Suppose Mike has a budget of $6, and he can purchase some combination of tacos or burritos. Tacos are $1.25 each, and burritos are $1.50 each. If Mike's budget increases to $12, his purchasing power for tacos and burritos _________, and his budget constraint shifts __________.
Suppose Mike has a budget of $6, and he can purchase some combination of tacos or burritos. Tacos are $1.25 each, and burritos are $1.50 each. If Mike's budget increases to $12, his purchasing power for tacos and burritos increases, and his budget constraint shifts outward.
With a budget of $6, Mike can afford to buy 4 tacos or 3 burritos or any combination of tacos and burritos that fall on the budget line. However, when his budget increases to $12, he can now afford to buy up to 8 tacos or 8 burritos or any combination of tacos and burritos that fall on the new budget line. Therefore, his purchasing power for tacos and burritos increases as his budget increases.
Moreover, with the increase in his budget, Mike's budget constraint shifts outward. This means that the set of affordable combinations of tacos and burritos expands, allowing him to purchase more tacos and/or burritos than he could before without exceeding his budget. As a result, he has more options to choose from and can potentially increase his total utility or satisfaction.
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during project selection and chartering, what types of budgeting is applied? group of answer choices exact numbers time-phased budget estimates none rough estimates
During project selection and chartering, rough estimates are applied in budgeting.
A budget is a monetary plan that predicts future expenses and revenue, whether for a person or an organization. Budgeting methods are applied in project selection and chartering to forecast the expenses involved in the project. The budget assists the project manager in determining the financial capacity of the project and calculating the project's expected expenses.
Rough estimates are a cost budgeting method applied in project selection and chartering. This budgeting method helps to approximate project costs using a general framework for forecasting costs by summarizing the expenses of related project activities from past projects. A rough estimate budgeting method is mostly used when project information is limited, and cost estimation can be done with limited information.
This budgeting method is not accurate as the name suggests, but it helps in providing an initial projection of the costs involved. Time-phased budget estimates is another budgeting method applied in project selection and chartering. This budgeting method comprises of dividing the project into specific periods and forecasting the cost of each period. This budgeting method is a bit more accurate than rough estimates because it provides for budget estimates over specific periods, resulting in a more detailed estimate of the overall budget.
Exact numbers budgeting is a budgeting method that provides for an accurate budget that precisely describes the costs associated with the project. Exact numbers are applied in projects that have accurate project information. This budgeting method is not commonly used in project selection and chartering because the information available is limited. Therefore, it is more efficient to use other budgeting methods that incorporate rough estimates or time-phased budget estimates.
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10. Filing taxes helps determine if... (choose ALL that apply) *
(10 Points)
You owe taxes to the government because not enough money was withheld from your check
The government owes you a refund because you paid too much from your paycheck
You paid the correct amount that year from your paycheck
You should be getting more deductions because you aren't getting enough
Answer:
You owe taxes to the government because not enough money was withheld from your check
The government owes you a refund because you paid too much from your paycheck. You paid the correct amount that year from your paycheck
In Virginia, government agencies that address market failures include the Attorney General,
the Department of Labor, and the Department of Environmental Quality. true or false ?
Answer:
The answer is False.
Explanation:
The office of the Attorney General in Virginia primarily responsible for attending to matters of the state such as:
Representing the governor and the state in legal matters; Consulting for members of the Virginia General Assembly (VGA) and local government officials Acting as the defense counsel in legal suits filed against the stateDefending the constitution of the stateThe department of Labour on the other hand is tasked with the following mission to position Virginia as a conducive place to live work or run a business. It tries to achieve this by adopting and promoting international best practices.
Department of Environment of course is focused on ensuring that companies and individuals uphold the law in relation to the environment.
Managing the stability of inflation, employment and interest rates by the use of monetary policies.
Cheers
B) Answer the following questions.
1. Do you agree that business transaction is an economic transaction? Justify your answer
with TWO reasons.
Answer:
Yes, agree, business transactions are economic transactions. Two reasons why:
Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.Things of value: goods and/or services, are exchanged between the parties. In business transactions, either a good (for example, an asset), or a service (for example, employees), is always exchanged.
In 1910, the price of a Model T Ford was $950. By 1917, the average price for the same car was $360. In 1910, fewer than 19,000 Model T's were sold. In 1917, over 730,000 were sold. What conclusion can you draw from this information?: (A)The cost of living must have gone down between 1910 and 1917. (B)Henry Ford was making less money in 1917 than he was in 1910 (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910. (D)There is no relationship between the price of the Model T's and the number sold.
The conclusion that can be reached is that (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910.
The price of a good or service is usually directly proportional to its cost. This means that if something was costly to produce or to provide, the price that the company providing will charge will be high as well.
The reason for this is that the company needs to make a profit so they charge a higher price than the cost in order to make back the cost and some profit. This is called cost plus pricing.
In 1910, the Model T Ford cost $950 but in 1917 the same car cost $360. This means that the cost must have been less in 1917 than it was in 1910 which was why the Ford company was able to charge less for it.
The correct answer is therefore C.
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Answer:
option c is the correct answer
i think this helps u
An applicants medical information receives from the medical informatuon bureau may be furnished to who?
What is savings?, How can you save in a bank? And why is it important?
Explanation:
Savings are the money one has saved, especially through a bank or official scheme.
You can save in a bank by frequently depositing money into a bank account.
Savings are important for the availability of money during emergencies or to avoid going into debt to pay for your necessities.
When auditing an entity's financial statements in accordance with Government Auditing Standards (the "Yellow Book"), an auditor is required to report on: I. Noteworthy accomplishments of the program. II. The scope of the auditor's testing of internal controls.
A. I only. B. II only. C. Both I and II. D. Neither I nor II.
When auditing an entity's financial statements in accordance with Government Auditing Standards (the "Yellow Book"), the auditor is required to report on the scope of their testing of internal controls. The correct answer is b.
This means that they must provide information about the extent of their examination of the entity's internal control system, including any limitations or restrictions encountered during the audit process.
However, reporting on noteworthy accomplishments of the program is not a requirement under the Yellow Book. While auditors may provide additional information or observations about program accomplishments if they deem it necessary or relevant, it is not a mandatory reporting requirement.
Therefore, the correct answer is B. II only, as the auditor is obligated to report on the scope of their testing of internal controls, but not on noteworthy program accomplishments.
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Swifty Racers makes bicycles. It has always purchased its bicycle tires from the Carla Vista Tires at $24 each but is currently considering making the tires in its own factory. The estimated costs per unit of making the tires are as follows: Direct materials $8 Direct labor $4 Variable manufacturing overhead $7 The company’s fixed expenses would increase by $68,000 per year if managers decided to make the tire. (a1) Calculate total relevant cost to make or buy if the company needs 10,800 tires a year.
To calculate the total relevant cost to make or buy tires, we need to consider the total cost of making the tires and compare it to the cost of buying them.
Buying the tires:
Cost per tire = $24
Total cost for 10,800 tires = $24 x 10,800 = $259,200
Making the tires:
Direct materials cost per tire = $8
Direct labor cost per tire = $4
Variable manufacturing overhead per tire = $7
Total variable cost per tire = $8 + $4 + $7 = $19
Total variable cost for 10,800 tires = $19 x 10,800 = $205,200
In addition to the variable costs, there are fixed costs associated with making the tires. The fixed expenses would increase by $68,000 per year if the company decided to make the tires. To calculate the total cost of making the tires, we add the variable costs and the fixed costs:
Total cost of making 10,800 tires = $205,200 + $68,000 = $273,200
Comparing the total costs:
Buying 10,800 tires = $259,200
Making 10,800 tires = $273,200
Based on these calculations, it is more expensive to make the tires than to buy them. Therefore, Swifty Racers should continue to purchase their bicycle tires from Carla Vista Tires.
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In the United States cartels are Multiple Choice quite common in industries that produce nondurable goods. concentrated in monopolistically competitive industries. in violation of the antitrust laws. encouraged by government policy so firms can achieve economies of scale.
The United States cartels are in violation of the antitrust laws.
What is Antitrust Law?
Antitrust Law is the US based law which is based on the federal laws that how to regulate the conduct in the business in order to promote the competition and remove the monopoly of one single company.
The purpose of the US cartels is look after the market prices and curtail the monopoly of the one industry.
In order to maximize profit and disturb market equilibrium, two or more competing enterprises must collude to agree on selling prices or quantities.
Thus The United States cartels are in violation of the antitrust laws.
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mention any five methods of doing off season vegetables farming,
Answer:
the methods of doing off season vegetables farming are:-
Taking use of and utilising various agro-climatic conditionsImproved varieties are chosen.Adjustment of planting time.Making plastic tunnels, polythene houses, and permanent glass houses to provide controlled environmental conditions.Schaad Corporation has entered into an eight-year lease for a piece of equipment. The annual payment under the lease will be $2,500, with payments being made at the beginning of each year. If the discount rate is 14%, what’s the present value of the lease payments? Ignore income taxes in this problem
Based on the payments being made at the beginning of the year and the discount rate, the present value of the lease payments is $13,220.75.
What is the present value of the lease payments?The fact that the payments are made at the beginning of the year makes this an annuity due.
The present value is:
= Amount x ( Present value of annuity due factor, 14%, 8 years)
Solving gives:
= 2,500 x 5.2883
= $13,220.75
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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a machine that miguel works on has ceased to function. even though his manager would be able to help him, miguel fears informing his manager and decides to solve the problem himself. miguel's act illustrates a common organizational communication problem referred to as
Miguel's performance exemplifies a similar organizational communication issue known as filtering.
What exactly does it mean to become a manager?
The original understanding of a manager is someone who supervises this same activities of individuals. Simply put, managers supervise the actions of others in order to achieve goals. Managers inside the modern workforce may be in control of systems and specific features that don't involve humans.
What are the responsibilities of a manager?
Manager Responsibilities:
Managing business operations and delegating responsibilities.Hiring, training, motivating, and coaching employees to provide attentive, efficient customer service as well as assessing worker performance and offering helpful feedback and skills training.To know more about Manager visit:
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Employers are reluctant to embrace a reduction in work hours by shortening the workweek, increasing the number of part-time workers, or offering more time off from work because
Employers are reluctant to embrace a reduction in workhours by shortening workweek,more time off from work because of concerns like profitability, operational continuity, and employee management.
Employers are often hesitant to adopt reduced work hours due to several reasons. Firstly, they may worry about a potential decline in productivity. Shorter workweeks or increased part-time positions can result in reduced output, as employees have less time to complete tasks and projects. This reduction in productivity may affect the company's overall performance and profitability.
Secondly, employers may be concerned about the financial implications of implementing reduced work hours. Paying full-time wages to part-time employees or granting more time off without a proportional decrease in workload can strain the company's budget. Additionally, some industries operate on tight schedules or have customer demands that require continuous staffing, making it difficult to accommodate reduced work hours without affecting operational continuity.Lastly, there might be concerns about the impact on employee morale and job satisfaction. While reduced work hours can be appealing to employees seeking a better work-life balance, some individuals may prefer the stability and benefits associated with full-time employment.
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#SPJ11 may fear that implementing reduced work hours could lead to dissatisfaction, increased turnover, or difficulty attracting and retaining top talent.Overall, employers' reluctance to embrace a reduction in work hours by shortening the workweek, increasing the number of part-time workers, or offering more time off stems from concerns regarding productivity, profitability, operational continuity, and employee management. Addressing these concerns and finding suitable solutions that balance the needs of both employers and employees are crucial steps in promoting a healthier work-life balance and improved job satisfaction.
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why may investors be willing to pay more for a property when interest rates are low...?
When interest rates are low, investors are frequently willing to pay a advanced price for a property because they can take advantage of lower backing costs. Lower interest rates restate to lower mortgage payments, which could lead to increased cash inflow for investors.
This may also attract further buyers to the request, thereby adding demand and driving up property prices. also, low- interest rates can be a positive signal for the overall frugality, which can boost investor confidence and encourage them to take on further threat. The anticipation of interest rates remaining low for an extended period can produce a sense of urgency among investors to act snappily before rates rise.
It makes them more willing to pay advanced prices for parcels in expectation of unborn profitable growth and request stability.
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Sam Malloy owns a small business and has built a substantial estate both with his business success and his early career as a pro athlete. He wants to set up his estate in a way that he will control the assets until he passes away or becomes incapacitated. Once that time comes, he wants control to transfer easily and he wants to avoid probate. Sam should
Answer: Establish a revocable living trust.
Explanation:
A revocable living trust is a written document that details how an individual assets would be handled after they die. They are used to avoid probate and protect privacy of the trust owner, beneficiary of trust and reduce estate taxes. Assets placed in the beneficiary name are transfered from the owners account or details to theirs.
Which of the following is not a step in the marketing research process?
O a. Estimate sales
O b. Interpret the information
O c. Make a preliminary investigation
O d. Gather factual information
The correct answer is option (a) Estimate sales.
The practice of assessing the viability of a new good or service through interviews with prospective customers is known as market research. With the aid of this technique, businesses and organizations may identify their target market, gather and record customer feedback, and arrive at well-informed conclusions.
In a marketing research process, it includes only the steps involving the study of the market and interpreting information based on that.
In the given question, a market research process always includes the steps like gathering factual information, making a preliminary investigation and interpreting the information that was achieved through the market study. But, in a market research process, there is no work of sale estimation. Sales estimation is an end process and marketing research is a beginning process. Sales value may fluctuate and to derive a correct sales estimation, there needs to be a proper marketing research.
Therefore, estimating sales is not a part of a marketing process, hence, option (a) is the correct answer for this question.
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RPA implementation teams should take one or more of the following actions to avoid the introduction of a potentially systemic risk. Choose of these and provide a short description in your own words of the topic and an example of how an RPA solution might present that risk. 1. Create and preserve artifacts 2. Anticipate production disruptions 3. Consider synergies of the risk and control work stream
1. Creating and preserving artefacts refers to documenting and maintaining a record of the RPA implementation process, including design decisions, configuration settings, and test results. This helps in ensuring transparency, accountability, and traceability throughout the implementation lifecycle.
2. Anticipating production disruptions involves identifying potential risks and challenges that can arise during the deployment and operation of the RPA solution and developing mitigation strategies to minimize their impact. It involves proactive planning, testing, and monitoring to ensure smooth and uninterrupted production processes.
3. Considering synergies of the risk and control work stream involves integrating risk management and control activities into the RPA implementation process. It entails aligning risk identification, assessment, and mitigation practices with the control mechanisms implemented within the RPA solution to ensure effective risk management.
1. Example of Risk:
An RPA solution might present a risk if there is a lack of documentation or proper artefact preservation. For instance, if the RPA implementation team fails to document the configuration settings or changes made during the development phase, it can lead to difficulties in troubleshooting issues, maintaining the solution, or ensuring compliance with regulatory requirements. Without proper artefacts, it becomes challenging to track the history of the RPA solution, which can introduce potential risks in terms of audibility, transparency, and control.
2. Example of Risk:
An RPA solution might present a risk if there is inadequate consideration of potential production disruptions. For example, if the implementation team fails to thoroughly test the solution in a production-like environment, it can lead to unexpected errors or failures when the RPA bots are deployed. These disruptions can cause delays, data inconsistencies, or even complete process failures, resulting in financial losses, customer dissatisfaction, or regulatory non-compliance.
3. Example of Risk:
An RPA solution might present a risk if there is a lack of coordination between the risk and control work stream. For instance, if the RPA implementation team overlooks or fails to address identified risks during the development and testing phase, it can result in vulnerabilities or weaknesses in the RPA solution's control mechanisms. These vulnerabilities can expose sensitive data, compromise system integrity, or enable unauthorized access, leading to security breaches, data breaches, or regulatory violations.
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calculate elisa and clyde’s agi. can chelsie deduct the $1,000 payment on her tax return? explain. how could the tax position of the parties be improved?
Elisa and Clyde's AGI will be $25,000, while Chelsie will not be able to deduct $1,000 payment on her tax return. The tax position could be improved with payment of minimum wage to Boyd.
a.To calculate Elisa and Clyde's AGI, we need to subtract their deductible expenses from their total income of $55,000:
$55,000 (Sales revenue) - $21,000 (Cost of goods sold) - $1,000 (Advertising) - $2,000 (Utilities) - $4,500 (Rent) - $1,500 (Wages to Boyd) = $25,000 (AGI)
b. Chelsie cannot deduct the $1,000 payment on her tax return because she is not the employer and the payment was not made for business purposes.
c. To improve the tax position of the parties, Elisa and Clyde should have paid Boyd the full minimum wage amount in the first place to avoid any potential legal or financial issues. Additionally, they could consult with a tax professional to ensure that they are correctly deducting all business expenses on their tax return, including the wages paid to Boyd.
The complete question should be:
Elisa and Clyde operate a retail sports memorabilia shop. For the current year, sales revenue is $55,000 and expenses are as follows: Cost of goods sold $21,000 Advertising 1,000 ♡ Utilities 2,000 Rent 4,500 Insurance Wages to Boyd 1,500 8,000 Elisa and Clyde pay $8,000 in wages to Boyd, a part-time employee. Because this amount is $1,000 below the minimum wage, Boyd threatens to file a complaint with the appropriate Federal agency. Although Elisa and Clyde pay no attention to Boyd's threat, Chelsie (Elisa's mother) olves Boyd a check for $1,000 for the disputed wages. The retail shop is the only source of income for Elsa and Clyde. calculate elisa and clyde’s agi. can chelsie deduct the $1,000 payment on her tax return? explain. how could the tax position of the parties be improved?
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Davidson company has sales of $100,000, variable cost of goods sold of $40,000, variable selling expenses of $15,000, variable administrative expenses of $5,000, fixed selling expenses of $7,000, and fixed administrative expenses of $9,000. What is davidson’s contribution margin?.
Davidson’s contribution margin for the sale of goods would be : $40,000
What is contribution margin?Contribution margin is a business' sales revenue less its variable costs. The resulting contribution margin can be used to cover its fixed.
Contribution margin is computed as:
= Sales - Total variable cost(Variable cost of goods sold + Variable selling expenses + Variable administrative expenses)
= $100,000 - ($40,000 + $15,000 + $5,000)
= $100,000 - $60,000
= $40,000
Therefore, Davidson’s contribution margin for the sale of goods would be $40,000
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3. Kevin took out a loan for a car. He must pay $3,000.00 in interest, service
charges, and loan fees. What lending term best describes these costs?
Answer:
The finance charge
Explanation:
The finance charge is the total cost incurred when borrowing money, including interest amount and all other fees. It is the extra money paid on top of the borrowed amount. The finance charge may be a flat fee or a percentage of the principal amount.
The finance charge represents the expense incurred for using credit. The finance charge is an important consideration when choosing a preferred lender.
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
he concept of ______ is probably the best single measure of an industry's impact.A. total outputB. total spendingC. aggregate market value of firms in industryD. value added
The concept of value added is probably the best single measure of an industry's impact. Therefore option D is correct.
What is Industry?An industry is a collection of businesses that are connected by their main lines of activity. There are several categories of industries in contemporary economies. Sectors are often used to combine together bigger groups of industry classifications.
Typically, a company's major income sources determine what industry it belongs to. For instance, even if a carmaker may have a financing segment that contributes 10% to the company's overall earnings, most categorization systems would place the business in the automaker category.
Industries are divisions of related enterprises based on the main product produced or sold. By doing this, industry groupings are successfully formed, which may later be utilized to separate enterprises from those that take part in other activities.
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