Complete the following statements using either "debit" or "credit":
a. The cash account is increased with a _______ .
b. The owner's capital account is increased with a _________ .
c. The delivery equipment account is increased with a _________ .
d. The cash account is decreased with a _________ .
e. The liability account Accounts Payable is increased with a ___________ .
f. The revenue account Delivery Fees is increased with a __________ .
g. The asset account Accounts Receivable is increased with a _________ .
h. The rent expense account is increased with a ___________ .
i. The owner's drawing account is increased with a ___________ .

The true about retirement savings withheld from employee paychecks. Workers don't have to pay taxes on it until they make account withdrawals, allowing for potential tax savings and the opportunity for the savings to grow over time. Option D.

Retirement savings withheld from employee paychecks typically refers to contributions made to retirement plans such as 401(k) or Individual

Retirement Accounts (IRAs). These contributions are deducted from an employee's paycheck before taxes are applied, which means they are made with pre-tax dollars. As a result, the contributions reduce the employee's taxable income in the year they are made, potentially lowering their overall tax liability.

The tax advantage of retirement savings withholding allows individuals to defer taxes on the contributed amount and any investment gains until they withdraw funds from their retirement accounts in the future.

This deferral allows the savings to potentially grow and compound over time without being taxed annually, providing a tax-efficient way to save for retirement.

It's important to note that option A, which suggests that retirement savings are always matched by the employer, is not universally true. While many employers offer matching contributions as part of their retirement benefits package, not all employers provide a dollar-for-dollar match.

The matching policy can vary widely, ranging from a percentage match to no match at all.

Option B, suggesting that the money withheld is not needed for retirement living expenses, is a generalization and may not hold true for all individuals. Retirement savings are intended to be used for future retirement expenses, and the amount needed will vary depending on an individual's retirement goals, lifestyle, and other factors.

Option C, stating that retirement savings withheld from paychecks is another way of making employers rich, is an oversimplification and does not accurately represent the purpose and nature of retirement savings. Retirement savings are primarily designed to help individuals build financial security and support themselves during their retirement years. Option D is correct.

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- Crayon manner refers to a technique in drawing or painting that utilizes the application of waxy crayons to a surface.

- Pastel manner refers to a technique in drawing or painting that utilizes the application of soft, powdered pastels to a surface.

- Chalk refers to a soft, sedimentary rock that is composed of microscopic shells and skeletal fragments of marine creatures.

The crayons are used to create distinct and bold lines, with a texture and vibrancy that can be difficult to achieve with other mediums.

Pastels are known for their bright colors and soft, velvety textures. They can be blended and layered to create a wide range of effects and can be used on their own or in combination with other mediums.

Chalk is typically white or pale in color and has a powdery texture. Chalk can be used as a medium in drawing and painting, typically by rubbing the chalk on a surface to create bold, expressive lines and layers of color. Chalk is also commonly used on blackboards for writing or drawing.

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Answer:

15%

Explanation:

Catherine is a departmental manager at Richardson

She earns $68,300 every month

She has family health care

Her employer contributes $935 every year towards total coverage Cost

The first step is to calculate the total contribution

Catherine rate for health care is $165 since her monthly pay is higher than $55,000

Total contribution = $165 + $935

= $1,100

Therefore the percent in which Catherine contributes towards total coverage can be calculated as follows

= 165/1,100 × 100

= 0.15 × 100

= 15%

Hence Catherine contributes 15% towards the total coverage

Catherine would contribute 15% towards the total coverage

Given that ;

Catherine earns $68,300 every month , has family health care  and her employer contributes $935 every year towards total coverage Cost.

Then,

Catherine rate for health care is $165 since her monthly pay is higher than $55,000

Total contribution = Health care rate + coverage cost contributed by her employer

Total contribution = $165 + $935

Total contribution = $1,100

We can calculate the percent in which Catherine contributes towards total coverage as;

= Health care rate / Total contribution * 100

= 165 / 1,100 × 100

= 0.15 × 100

= 15%

It therefore means that Catherine contributes 15% towards the total coverage

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At the point when the CPI or expansion is at a significant level, policymakers frequently consider carrying out contractionary money related or financial strategies to assist with relieving inflationary tensions. The following are a couple of strategy choices that could be thought of: Money related Policy: Fiscal Policy: Supply-side Policies: and Pay and Value Controls:

Strategy is a conscious arrangement of rules to direct choices and accomplish sane results. A strategy is an assertion of policymakers and is executed as a methodology or convention. Strategies are for the most part taken on by an administration body inside an association.

Approaches can aid both abstract and objective independent direction. Strategies utilized in emotional direction for the most part help senior administration with choices that should be founded on the overall benefits of various variables, and accordingly, are frequently difficult to test dispassionately, for example balance between serious and fun activities strategy..

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Answer:

Sales= $69,760

Explanation:

Giving the following information:

A July sales forecast projects that 6,400 units are going to be sold for $10.90 per unit.

To calculate the sales for July, we need to use the following formula:

Sales= number of units*selling price

Sales= 6,400*10.9

Sales= $69,760

The toothpick industry is not in long-run equilibrium because the representative firm is not earning zero economic profit. In a perfectly competitive market, firms will produce at the minimum point on the long-run average cost curve, where price equals long-run average cost and economic profits are zero.

In this case, the representative firm is producing at a level of output such that long-run average cost is $3.25 per box of one hundred toothpicks, which is higher than the current market price of $3 per box. This means that the firm is incurring losses, because the cost of production exceeds the revenue it is receiving from selling toothpicks.

As a result, the firm may choose to exit the industry in the long run, which would decrease the supply of toothpicks and push up the market price until it reaches the long-run equilibrium price, where price equals the minimum point on the long-run average cost curve.

Therefore, in the toothpick industry, a long-run equilibrium will occur when the market price of toothpicks is equal to the minimum point on the long-run average cost curve, which would ensure that all firms in the industry are earning zero economic profit and are operating at maximum efficiency.

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A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".

The correct option to the given question is option a.

Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.

Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.

Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.

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The ICD 10-CM code for Alcohol induced delirium tremens is F10. 921.

It should be noted that ICD 10-CM simply refers to the international classification of diseases.

In this case, the ICD 10-CM code for Alcohol induced delirium tremens is F10. 921.

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The overall rate of inflation between the base year and last year is 1%.

Gasoline rate of inflation = ($2.65 - $2.65) / $2.65 x 100% = 0%

Pizza rate of inflation = ($3.00 - $2.65) / $2.65 x 100% = 13.21%

Beer rate of inflation = ($5.75 - $4.45) / $4.45 x 100% = 29.21%

Textbook rate of inflation = ($110.00 - $238.00) / $238.00 x 100% = -53.78%

Overall rate of inflation = (200/309) x 0% + (60/309) x 13.21% + (45/309) x 29.21% + (4/309) x (-53.78%) = 1%

Therefore, the overall rate of inflation between the base year and last year is 1%.

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Nikki is buying a new house and car which is the property he will hold. And property taxes are prone to regressive taxes.

Property taxes are essentially regressive because, regardless of income, two individuals in the same tax jurisdiction pay the same amount of property tax if they live in homes with the same values.

In general, lower-income earners are assumed to dwell in less expensive homes, partially indexing property taxes to income.

A progressive tax is one that takes a larger share of the revenue from high-income persons than from low-income people.

A regressive tax is one that takes a bigger percentage of low-income people's income than high-income people's income.

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A flowchart allows us to organize the activities that make up a sequential process. In this case, it would be the steps to obtain a hotel room reservation.

Flowchart is a term to refer to a type of representation to represent an algorithm or process. It is used in disciplines such as:

To make a flow chart of the situations presented, we must take into account all the activities necessary to complete these procedures, for example:

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Answer:

a. Reorder point is 1,164 units to provide a 98 percent service probability.

b. the new service probability will be 79% if production manager reduces the safety stock by 100 units.

Explanation:

a. To provide a 98 percent service probability, what must the reorder point be?

This can be calculated as follows:

Step 1: Calculation of optimal order quantity

The optimal order quantity also known as economic order quantity (EOQ) using the following formula:

\(EOQ = \sqrt{\frac{2 *D*O}{C} }\) ........................................... (1)

Where,

EOQ = Optimal order quantity = ?

D = Annual demands = 13,000

O = Ordering cost = $100

C = Carrying cost of annual inventory = $0.65 per unit

Substituting the values into equation (1), we have:

\(EOQ = \sqrt{\frac{2*13,000*100}{0.65} }\)

\(EOQ = \sqrt{\frac{2,600,000}{0.65} }\)

\(EOQ = \sqrt{4,000,000}\)

EOQ = 2,000 units

Step 2: Calculation of standard deviation during the lead time

This can be calculated using the following formula:

\(SL = \sqrt{L*(S)^{2} }\) ................................................. (2)

Where;

SL = Standard deviation during the lead time = ?

L = Lead time = 4

S = Standard deviation = 40

Substituting the values into equation (2), we have:

\(SL = \sqrt{4 *(40)^{2} }\)

\(SL = \sqrt{4*1,600}\)

\(SL =\sqrt{6.400}\)

SL = 80

Also, z = 2.05 from the standard normal distribution

Step 3: Calculation of reorder point

Total calculate reorder point, we use the following formula:

R = (d * L) + (z * SL) ............................................ (3)

Where;

R = Reorder point = ?

d = Weekly demand = 250

L = Lead time = 4

z = 2.05

SL = Standard deviation during the lead time = 80

Substituting the values into equation (3), we have:

R = (250 * 4) + (2.05 * 80)

R = 1,000 + 164

R = 1,164 units

Therefore, reorder point is 1,164 units to provide a 98 percent service probability.

b. Suppose the production manager is told to reduce the safety stock of this item by 100 units. If this is done, what will the new service probability be?

ISS = Initial safety stock = z * SL = 2.05 * 80 = 164

If the safety stock is reduced by 100 units, we have:

NSS = New safety stock = ISS - 100 = 164 - 100 = 64

The new z (nz) can be obtained as follows:

NSS = nz * SL ................................................. (4)

Where;

NSS = 64

nz = new z = ?

SL = Standard deviation during the lead time = 80

Substituting the values into equation (4) and solve for nz, we have:

64 = nz * 80

nz = 64 / 80

nz = 0.80

For the new z, nz = 0.80, from Standard Normal distribution, the new service probability is 79%.

Therefore, the new service probability will be 79% if production manager reduces the safety stock by 100 units.

An increase in taxes in South Africa affects income, interest rates, trade surplus, and capital flow, with varying effects depending on exchange rate and capital mobility.

What is capital flow ?

Capital flow refers to the movement of money or capital into or out of a country for the purpose of investment or trade.

a. An increase in taxes will shift the TR curve upward, decreasing the disposable income and consumption spending of households. This leads to a decrease in the IS curve, causing a fall in output (income) and a fall in interest rates. Since investment is responsive to changes in interest rates, a fall in interest rates will increase investment, partially offsetting the negative impact of the tax increase on output.

b. With the inclusion of the foreign sector, an increase in taxes will reduce income and, therefore, imports. However, exports will remain unaffected, leading to an increase in the trade surplus (exports minus imports). The increase in taxes will also lead to a decrease in the capital account balance, as higher taxes reduce after-tax profits and discourage foreign investment. The overall impact on the current account and the balance of payments will depend on the size of the trade and capital account balances.

c. Assuming a flexible exchange rate and perfectly mobile capital, the decrease in output and the increase in the trade surplus will cause a decrease in the demand for money, leading to a fall in interest rates. This will stimulate investment and consumption, partially offsetting the negative effects of the tax increase on output. The economy will eventually reach a new equilibrium at a lower level of output, a lower interest rate, and a higher trade surplus than before the tax increase.

d. If South Africa has a fixed exchange rate, the increase in the trade surplus will lead to an increase in the demand for the domestic currency, causing it to appreciate. To maintain the fixed exchange rate, the central bank will have to intervene in the foreign exchange market by buying foreign currency, increasing the money supply, and causing inflationary pressures. The increase in the trade surplus will still lead to a lower output level, but the interest rate may not necessarily decrease.

e. With imperfect capital mobility, the exchange rate can still adjust, but it will do so more slowly and with less magnitude than in the case of perfect capital mobility. In this case, the adjustment to the tax increase will be similar to that in 1(c), but the new equilibrium will have a smaller increase in the trade surplus and a smaller decrease in output. The adjustment will be slower and smoother, and the impact on interest rates may be less pronounced.

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Answer:

11.24%

Explanation:

Calculation for the cost of the preferred stock, including flotation

Using this formula

Cost of preferred stock = Annual dividend/Current Market price

Where,

Annual dividend =$11.00

Current Market price=$97.83

Let plug in the formula

Cost of preferred stock = $11.00/$97.83

Cost of preferred stock = 11.24%

Therefore the cost of the preferred stock, including flotation will be 11.24%

Answer:

$7,400

Explanation:

Given the above information, the total factory overhead cost would be computed as;

Total factory overhead costs = Indirect materials + Indirect labor + Maintenance of factory equipment

= $1,200 + $4,200 + $2,000

= $7,400

Hence, the total factory overhead costs is $7,400

In 25 years, he will have paid $18,97,500 in total. He will pay $6,325 each month.

In the fields of economics and banking, interest is the payment made at a set rate by a borrower as well as deposit-taking commercial bank to something like a lender as well as depositor in excess of the principle amount (the amount borrowed).

It is not the same as a charge that the borrower could pay to the lender or another entity. It also differs from a dividend, which is money given to shareholders (owners) by a corporation out of profits or reserves.

720000 - 60000 = 660,000

monthly rate = 7.5/12 = 0.625%

Number of payment periods = 25

Total amount he has to pay after 25 years,

=660000 + (660000×7.5×25)/100

= $18,97,500

His monthly payment will be

=1897500/25×12

= $6,325

Therefore, in 25 years, he will have paid $18,97,500 in total. He will pay $6,325 each month.

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Answer: Laura and Martin will pay a total of $458,850 for their house. They will pay a total of $268,850 in interest. The amount of the first payment on the mortgage applied to the principal is $408.67.

To determine the total amount Laura and Martin will pay for their house, we need to calculate the sum of all their monthly payments over the 25-year period. The formula to calculate the total amount paid for a mortgage is:

Total Amount Paid = Monthly Payment * Number of Payments

Using the given information, we can calculate the number of payments:

Number of Payments = Number of Years * 12

Substituting the values:

Number of Payments = 25 * 12 = 300

Now, we can calculate the total amount paid:

Total Amount Paid = $1529.50 * 300 = $458,850

Therefore, the total amount Laura and Martin will pay for their house is $458,850.

To determine the amount of interest they will pay, we can subtract the principal amount from the total amount paid:

Interest = Total Amount Paid - Principal Amount

Interest = $458,850 - $190,000 = $268,850

Therefore, they will pay a total of $268,850 in interest.

To calculate how much of the first payment on the mortgage is applied to the principal, we need to subtract the interest portion from the monthly payment:

Principal Payment = Monthly Payment - Interest

Principal Payment = $1529.50 - (Principal Amount * Interest Rate / 12)

Principal Payment = $1529.50 - ($190,000 * 0.085 / 12)

Principal Payment = $1529.50 - $1120.83

Principal Payment = $408.67

Therefore, the amount of the first payment on the mortgage applied to the principal is $408.67.

Answer:

B. Will change both their jobs and careers

Explanation:

Internet made it really easy for people to access information , including new educations. Due to the abundant of information that the people can use, acquiring new skills and connections that required to change jobs became much Easier.

According to the data that recorded by the government, around 51% of modern workers change their jobs within 1-5 years period and around 30% workers change their careers every 12 months.

Answer:

c.

Will change both their jobs and careers

Explanation:

got it right on edge

Disagreed. You cannot say that you are better at your job than others who have the same job title.

While providing the answer to a questionnaire, it is very important that a person would try to be as truthful as possible.

The reason they have to be truthful is so that they would be able to give the best answer that would be useful for the research.

In a question like this, I used disagreed because it is not possible that you have met all of the persons that have the same job description as you do.

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Their medical payments coverage

One can be able to determine the difference between the courses and the best course to take by reviewing the course descriptions and then checking with the transfer institution.

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Answer:

Explanation:

(1) Journalizing the Transactions:-

Heritage Designs

General Journal

For the Month of November,20Y9

Date            Accounts             Debit                Credit

Nov. 1            Cash                   $50,000

                          Common Stock                          $50,000

Nov. 1             Rent Expense     $4,000  

                           Cash                                           $4,000

Nov. 6            Office Equipment    $15,000  

                          Accounts Payable                   $15,000

Nov. 8            Truck                      $38,500  

                           Cash                                            $5,000

                           Notes Payable                           $33,500

Nov. 10             Supplies              $1,750  

                           Cash                                            $1,750

Nov. 12             Cash                     $11,500  

                            Fees Earned                            $11,500

Nov. 15           Prepaid Insurance     $2,400  

                           Cash                                             $2,400

Nov. 23           Accounts Receivable  $22,300  

                         Fees Earned                                    $22,300

Nov. 24            Truck Expense         $1,250  

                            Cash                                            $1,250

Nov. 29          Utilities Expense           $4,500  

                              Cash                                    $4,500

Nov. 29   Miscellaneous Expense      $1,000  

                               Cash                                                   $1,000

Nov. 30                Cash                  $9,000  

                         Accounts Receivable                                $9,000

Nov. 30          Wages Expense              $6,800  

                                 Cash                                                 $6,800

Nov. 30             Accounts Payable         $3,000  

                                   Cash                                            $3,000

Nov. 30                  Dividends                   $2,500  

                                    Cash                                            $2,500

(2) Posting the each Transaction into General Ledger:-

Cash

Date               Items                   Debit                 Credit                Balance

Nov. 1 Common Stock  $50,000                         $50,000

Nov. 1 Rent Expense                                $4,000        $46,000

Nov. 8 Truck                                        $5,000             $41,000

Nov. 10 Supplies                                        $1,750              $39,250

Nov. 12 Fees Earned           $11,500                                 $50,750

Nov. 15 Prepaid Insurance                        $2,400        $48,350

Nov. 24 Truck Expense                        $1,250              $47,100

Nov. 29 Utilities Expense                        $4,500             $42,600

Nov. 29 Miscellaneous Expense               $1,000              $41,600

Nov. 30 Accounts Receivable   $9,000                                 $50,600

Nov. 30 Wages Expense                        $6,800              $43,800

Nov. 30 Accounts Payable                        $3,000              $40,800

Nov. 30 Dividends                                $2,500              $38,300

Accounts Receivable

Date    Items               Debit                      Credit               Balance

Nov. 23 Fees Earned    $22,300                                   $22,300

Nov. 30 Cash                                         $9,000        $13,300

Supplies

Date    Items               Debit                      Credit               Balance

Nov. 10   Cash              $1,750                                $1,750

Prepaid Insurance

Date    Items               Debit                      Credit               Balance

Nov. 15    Cash               $2,400                                 $2,400

Equipment

Date    Items               Debit                      Credit               Balance

Nov. 6 Accounts Payable $15,000                              $15,000

Truck

Date    Items               Debit                      Credit               Balance

Nov. 8 Cash               $5,000                              $5,000

Nov. 8 Notes Payable $33,500                              $38,500

Notes Payable

Date    Items               Debit                      Credit               Balance

Nov. 8 Truck                                      $33,500          $33,500

Accounts Payable

Date    Items               Debit                      Credit               Balance

Nov. 6 Equipment                             $15,000           $15,000

Nov. 30 Cash               $3,000                                          $12,000

Common Stock

Date    Items               Debit                      Credit               Balance

Nov. 1 Cash                                     $50,000    $50,000

Dividends

1. the postal service experienced an increase in total contribution margin of $7.00

2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.

3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00

4. The exact number of deluxe sheets is 45.

Calculation of the increase (decrease) in total contribution margin:

The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:

Selling price of regular souvenir sheets: $8.00

Selling price of deluxe souvenir sheets: $15.00

Number of regular souvenir sheets sold: 80,000

Number of deluxe souvenir sheets sold: 50,000

To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:

Contribution margin regular souvenir sheets = Selling price - Variable cost

= $8.00 - Variable cost

Contribution margin deluxe souvenir sheets = Selling price - Variable cost

= $15.00 - Variable cost

To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:

Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular

= ($15.00 - Variable cost) - ($8.00 - Variable cost)

= $15.00 - $8.00

= $7.00

So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.

2. Calculation of the percentage increase in selling price and unit sales:

Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100

= [(15.00 - 8.00) / 8.00] * 100

= 87.5%

Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.

Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100

= [(50,000 - 80,000) / 80,000] * 100

= -37.5%

The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.

3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:

To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:

Selling price deluxe = Selling price regular + Increase in contribution margin

= $8.00 + $7.00

= $15.00

So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.

4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:

Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold

= ($8.00 - Variable cost) * 80,000

To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:

Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets

($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000

Simplifying the equation:

Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)

= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)

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Memos are known for being succinct, direct, and simple to read. Despite being less official than letters, they nonetheless need to be written in a formal, concise manner.

It provides information on the goods, including rate, amount, and number. Typically, they are printed and serially numbered. It is made in two copies. Since it differs from a receipt, cash memos do not need to be stamped.

In a bank memo, the routing information and bank account details associated with a company's business account are listed. It is normally written on bank letterhead and either a banker's signature or a teller's stamp is used.

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a. The opportunity cost of producing wine in Portugal is 0.35 units of cloth, and the opportunity cost of producing cloth in Portugal is 2.85 units of wine.

b. The slope of the PPF represents the opportunity cost of producing one good in terms of the other. In this case, the slope of Portugal's PPF is -0.35, and the slope of Britain's PPF is -0.71.

c. If these countries engaged in international trade, the relative prices of wine and cloth would have to be within the range of Portugal's opportunity cost of producing wine (0.35 units of cloth) and Britain's opportunity cost of producing wine (0.71 units of cloth).

d. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, then Portugal would specialize in producing wine and Britain would specialize in producing cloth. Portugal would export wine and import cloth, and Britain would export cloth and import wine.

If the relative price of wine were below 0.35 units of cloth, then Portugal would be able to produce wine more cheaply than Britain, and it would not be in Portugal's interest to trade. If the relative price of wine were above 0.71 units of cloth, then Britain would be able to produce wine more cheaply than Portugal, and it would not be in Britain's interest to trade.

The gains from trade are the increase in consumption that countries experience after they specialize and trade. In this case, the gains from trade are represented by the shaded area in the graph. The gains from trade are a result of the increased efficiency that is possible when countries specialize in the production of goods that they have a comparative advantage in.

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Organizations that engage in these activities including advocacy and education, are known as Philanthropic organizations.

The only way they are able to engaged in these causes and programs is by raising funds and they do this through various ways such as receiving charitable donations and engaging in business.

In conclusion, this is a philanthropic organization.

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