during the second quarter, wilson woolen mills decides to leave all budget values the same as in the first quarter, which is shown below. its direct labor costs decrease to $70,000 but all other costs are identical to the first quarter costs. how will this change impact wilson in the second quarter?
Answers
It will remove the adverse variance in direct labor costs and reduce the unfavorable variance in overall costs.
What exactly are direct labor costs?The total costs paid by the firm for paying salaries and other benefits to the company's workers in return for work performed that is directly related to the production of the company's product or the supply of services are referred to as direct labor expenditures. If your firm manufactures bicycles, the workers are considered direct labor. Direct laborers include assemblers, welders, painters, and machinists.
The direct labor cost formula is a straightforward calculation for calculating direct labor cost. The direct labor cost is calculated by multiplying the pay rate by the time spent working on the project, or Direct Labor Cost= Pay Rate × Project Time.
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Related Questions
Which of the following best describes the objectives of the Monetary Policy?
a. controlling banks over our currencies
b. controlling household money in circulation
c. controlling the firm's money in circulation
d. managing or manipulating the money supply in the economy
Answers
Answer:
d. managing or manipulating the money supply in the economy
Explanation:
i feel like it's D
Answer:
d. managing or manipulating the money supply in the economy
a major industrialized state has a state corporate tax rate of 9.6% of taxable income. if a corporation has a state taxable income of $275,000, what is the total state and federal income tax it must pay? also, compute its combined incremental state and federal income tax rate.
Answers
The answer to the question indicates that the total taxable income is $2,60,600 and that the total marginal rate of federal, state, and local income taxes is 44.86%.
What does "income tax" mean?Both people and businesses must pay the entire (or family units). Individual tax rates are computed based on the money received. Typically, it is categorized as a tax since the burden is thought to fall on the people who pay it.
Briefing :The local tax can be calculated as follows:
State Tax = $275,000 * 0.096
State Tax = $26,400
You can estimate your federal taxable income as follows:
The federal taxable income = $275,000 - $14,400
The federal taxable income = $2,60,600
The tax rate for salaries between 100,000 and 335,000 is now 39%, or 22,250 + 39% above 100,000, as shown in the table also with federal tax rates. Thus,
Federal Tax = $22,250 + 0.39 ($2,60,600 - $100,000)
Federal Tax = $84,884
Therefore,
Total Tax = Federal Tax Plus All State Taxes
Total Tax = $14,400 + $84,884
Total Tax = $99,284
Hence,
The combined incremental state and federal income tax rate = 0.096 + 0.39 (1 - 0.096)
The additional federal and state income tax rate is equal to 0.4486 percent, or 44.86%.
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The manufacturing overhead account is debited when ______.
Answers
Production process involves different type of cost and expenses, manufacturing overhead account is one and it is debited when overhead applied is less than the actual overhead costs incurred.
What is manufacturing overhead cost?It is the sum of all the indirect costs that were spent while manufacturing a product.
The amount in the manufacturing overhead account can either be a debit or credit.
It is a debit when the overhead is less than the actual overhead costs that were spent.
Therefore, The manufacturing overhead account is debited when the overhead applied is less than the actual overhead costs incurred.
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When a resource, such as space in the factory, has no alternative use, its opportunity cost is ______.
Answers
Answer:
Zero
Explanation:
If you were a cosmetologist working in a spa and were 15 minutes late for your first appointment, how would that impact those you work with and the clients of the spa?
Answers
Considering the situation described above, the impact a 15 minutes lateness would cause those I work with and the spa's clients are "negative."
Who is a cosmetologist?A cosmetologist is a professional or permitted to deliver cosmetic treatments to the hair, skin, and nails.
Should a cosmetologist be late on his first appointment, such a person would delay the work of others he works with and delay the clients to get their work done on time.
Also, such lateness might change the mind of clients and those he works with towards him as unprofessional.
Hence, in this case, it is concluded that the impact would be negative.
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Which of these careers sound interesting to you? Check all that apply.
Farmworker
Veterinarian
Animal Trainer
Agricultural Inspector
Food Scientist
Farm Equipment Mechanic
Forester
Environmental Engineer
Answers
Answer:
this is a personal question, just pick what ever you're interested on.
hope it helps.
Farmworker, veterinarian, and animal trainer all sound like interesting occupations to me. Thus, the answers (A), (B), and (C) are accurate.
What do you know about Animal Trainer?Animal training is the process of teaching animals precise reactions to particular circumstances or stimuli. Training may be done for friendship, detection, protection, or even enjoyment.
Depending on the training technique employed and the goal for which the animal is being trained, the sort of training an animal receives will differ. A seeing-eye dog, for instance, will be trained to accomplish a different aim than a wild animal in a circus.
There are organizations that certify animal trainers in some nations. They don't have any common objectives or specifications, and they don't stop anyone from using the title or working with animals. Similar to other countries, the United States does not demand any particular accreditation from those who train animals.
The natural actions of an animal should be taken into account by an animal trainer.
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What is one way to achieve financial well-being?
Answers
Answer:
There are many ways to achieve financial well-being. Here is one way:
**Create a budget and stick to it.** A budget is a plan for how you will spend your money each month. It helps you track your income and expenses, so you can see where your money is going and make sure you are not spending more than you earn. There are many different budgeting methods, so find one that works for you and stick to it.
**Pay off debt.** Debt can be a major financial burden, so it is important to pay it off as quickly as possible. Start by making a list of all your debts, including the amount you owe, the interest rate, and the minimum payment due. Then, focus on paying off the debt with the highest interest rate first. Once that debt is paid off, move on to the next one.
**Save for emergencies.** It is important to have a rainy day fund in case of unexpected expenses, such as a job loss, medical emergency, or car repair. Aim to save enough money to cover at least 3-6 months of expenses.
**Invest for retirement.** Retirement can be expensive, so it is important to start saving for it early. There are many different ways to invest for retirement, so talk to a financial advisor to find the best option for you.
**Live below your means.** This means spending less money than you earn. It can be difficult to do, but it is important to make sacrifices in order to reach your financial goals.
**Get out of debt.** If you are in debt, it is important to get out of it as quickly as possible. There are many different ways to get out of debt, so talk to a financial advisor to find the best option for you.
**Save for your future.** It is important to save for your future, whether it is for retirement, a down payment on a house, or your child's education. There are many different ways to save for your future, so talk to a financial advisor to find the best option for you.
**Get financial advice.** If you are not sure how to achieve financial well-being, it is a good idea to get financial advice from a qualified professional. A financial advisor can help you create a budget, pay off debt, save for your future, and make other financial decisions.
Explanation:
Which of the following is NOT an approach to appraisal?
The value approach
The market approach
The cost approach
The income approach
Answers
The approach that is NOT an approach to appraisal is: more than 100. The term "more than 100" is not a recognized approach to appraisal.
An appraisal is the act or process of estimating the value of a property, such as real estate, a business, or other assets. Appraisals are often conducted to determine the fair market value of a property, which is the price that a willing buyer would pay a willing seller for the property in an open and competitive market.
This helps buyers, sellers, and lenders to make informed decisions about buying, selling, or financing a property.Types of appraisal approachesThere are four commonly used approaches to appraisal, which include:1. The cost approach2. The income approach3. The value approach4.
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According to one of the ten principles of economics that we discussed, the standard of living in a country is most closely tied to its?
Answers
Principle 10: Society is facing a short-run crisis. Inflation-unemployment trade-off[modifier | modifier le wikicode] Inflation occurs when the government increases the amount of money in the economy.
Another effect, at least in the near run, is lower unemployment. Income, employment prospects, the cost of products and services, and poverty are all easily quantifiable indicators of one's standard of living. Life expectancy, inflation, and the number of paid vacation days people receive each year are also considered. At its most fundamental, economics tries to explain how and why we make the purchases we do. Scarcity, supply and demand, costs and benefits, and incentives are four essential economic ideas that can help explain many human actions.
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You are attending a performance of a play at your daughter's high school. Since your daughter has a major role in the play, you are using your camcorder to record her scenes. Is this a violation of copyright
Answers
Filming your daughter's performance in a high school play is not a violation of copyright law as long as you do not sell the recording to others.
Copyright is a form of protection provided to the authors of original works. The recording of a school play that features your daughter does not violate copyright law as long as you do not sell the recording to others. However, recording performances is often prohibited by school policies. Schools typically regulate the use of technology on their premises, and filming school performances may require permission from school administrators.
In conclusion, filming your daughter's performance in a high school play is not a violation of copyright law as long as you do not sell the recording to others. However, school policies on the use of technology on school premises may prohibit filming performances, and permission may be required from school administrators.
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what is the importance of the floriculture in nepal
Answers
Explanation:
It deals with cut flowers, bedding plants, houseplants, flower garden, pot plants, cultivated greens for beauty and herbaceous nursery. Floriculture is an important agro-based, labor intensive and business-oriented enterprise in Nepal.
Answer:
It deals with cut flowers, bedding plants, houseplants, flower garden, pot plants, cultivated greens for beauty and herbaceous nursery. Floriculture is an important agro-based, labor intensive and business-oriented enterprise in Nepal.
schedule of cash payments for a service company oakwood financial inc. was organized on february 28. projected selling and administrative expenses for each of the first three months of operations are as follows: march $122,400 april 112,600 may 102,500 depreciation, insurance, and property taxes represent $26,000 of the estimated monthly expenses. the annual insurance premium was paid on february 28, and property taxes for the year will be paid in june. 63% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. prepare a schedule indicating cash payments for selling and administrative expenses for march, april, and may. oakwood financial inc. schedule of cash payments for selling and administrative expenses for the three months ending may 31 march april may march expenses: paid in march $fill in the blank 1 paid in april $fill in the blank 2 april expenses: paid in april fill in the blank 3 paid in may $fill in the blank 4 may expenses: paid in may fill in the blank 5 total cash payments $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 check my work
Answers
The schedule of cash payments for Oakwood Financial Inc. shows that $122,400 was paid in March for expenses, $fill in the blank 2 was paid in April, and $fill in the blank 5 was paid in May. The total cash payments for the three months ending May 31 amounted to $fill in the blank 6.
Oakwood Financial Inc. Schedule of Cash Payments for Selling and Administrative Expenses for the Three Months Ending May 31:
March Expenses:
Paid in March: $122,400 (excluding depreciation, insurance, and property taxes)
April Expenses:
Paid in April: $112,600 (including 63% of remaining expenses from March and April)
May Expenses:
Paid in May: $102,500 (including 63% of remaining expenses from April and May)
Total Cash Payments:
March: $122,400
April: $fill in the blank 2
May: $fill in the blank 5
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10. Which type of utility do you believe has the greatest impact on price? Explain
Answers
Answer: Place utility
Explanation:
The type of utility that is believed to have the greatest impact on price is the place utility. Place utility simomy means making of goods available to the customers when they're needed.
The place or location where customers but their products is vital to customers as they put values on products based on the place utility. This can be seen as companies make sure that their products are easily accessible to their customers.
People are living paycheck to paycheck why is that a problem
Answers
what role did sierra leone play in the african slave trade in the americas?
Answers
Sierra Leone played a significant role in the transatlantic slave trade, as it was a major source of slaves for European and American slave traders.
Many of the slaves were captured by local African rulers and sold to European slave traders at trading posts along the coast. The slave trade in Sierra Leone began in the 15th century and continued until the 19th century, when the British abolished the trade in their colonies.
It is estimated that millions of Africans were taken from Sierra Leone and other parts of West Africa and transported to the Americas to work on plantations and in other industries.
The legacy of the slave trade is still felt in Sierra Leone today, as many of its people are descendants of those who were forcibly taken from their homeland and subjected to a life of slavery in the New World.
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A machine with a cost of $134,000 and accumulated depreciation of $89,000 is sold for $52,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
Multiple Choice
$7,000.
$45,000.
$52,000.
Zero. This is a financing activity.
Zero. This is an operating activity.
In preparing a company's statement of cash flows for the most recent year, the following information is available:
Loss on the sale of equipment $ 15,500
Purchase of equipment 160,000
Proceeds from the sale of equipment 141,000
Repayment of outstanding bonds 94,500
Purchase of treasury stock 69,500
Issuance of common stock 103,500
Purchase of land 130,000
Increase in accounts receivable during the year 50,500
Decrease in accounts payable during the year 82,500
Payment of cash dividends 42,500
Net cash flows from investing activities for the year were:
Multiple Choice
$282,000 of net cash used.
$149,000 of net cash provided.
$149,000 of net cash used.
$243,500 of net cash provided.
$133,500 of net cash used.
A company had net cash flows from operations of $131,000, cash flows from financing of $352,000, total cash flows of $533,000, and average total assets of $3,160,000. The cash flow on total assets ratio equals:
Multiple Choice
4.1%.
4.3%.
16.9%.
17.0%.
24.6%.
Answers
The fist question correct option is $45000. The second question given is Proceeds from the sale of equipment 141,000. The third question is 17%.
The first question asks about the amount that should be reported as a source of cash under cash flows from investing activities. In this case, the amount that should be reported is $45,000, which is the difference between the cost and accumulated depreciation. The cost of the machine was $134,000, the accumulated depreciation was $89,000, and it was sold for $52,000, resulting in a difference of $45,000.
The second question asks about the net cash flows from investing activities for the year, given a variety of cash inflows and outflows. In this case, the net cash flows from investing activities for the year were $149,000 of net cash provided. This figure was calculated by subtracting the loss on the sale of equipment ($15,500), the purchase of equipment ($160,000), the repayment of outstanding bonds ($94,500), the purchase of treasury stock ($69,500), and the purchase of land ($130,000) from the proceeds from the sale of equipment ($141,000).
Finally, the third question asks about the cash flow on total assets ratio. This figure can be calculated by dividing the total cash flows for the year ($533,000) by the average total assets for the year ($3,160,000). This results in a cash flow on total assets ratio of 17.0%.
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I’m not sure what the answer is.
Answers
Answer:
I think revenue
Explanation:
the Answer is B I'm for sure
If you wanted to compare economic well-being over time and across countries, the data you would use is: Group of answer choices per capita GDP inflation real per capita GDP real GDP
Answers
Answer:
Real GDP per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation. It's used to compare the standard of living between countries and over time.
Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business
owner
O B. A debt your business owes that must be repaid during the present
accounting period
c. Anything your company owes to the business owner
D. Anything your company needs to sell during the present
accounting period
Answers
The best definition of liability is anything your company owes to someone besides the business owner (option a).
What is liability?Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities reduce the net worth of a company.
Liabilities are resources that have been borrowed or that are owned. They would need to be repaid at a future date. An example of a liability is debt and account payable.
Liability can be short term or long term. It is short term if it has to be paid within a year and it is long term if its duration is greater than a year or one accounting period.
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What happens if you only make the minimum payment on your credit card statement?
Answers
Offering only the minimum payment keeps you in debt longer and racks up interest charges. It can also put your credit score at risk.
The number of a country’s unemployment workers decreased from 5.3 million to 3.9 million last year. If the country’s population remained constant at 75 million, how did its unemployment rate change last year?
Answers
The country's unemployment rate decreased by 1.87% last year.
To determine how the country's unemployment rate changed last year, we need to calculate the unemployment rate before and after the decrease in the number of unemployed workers.The unemployment rate is calculated by dividing the number of unemployed workers by the total labor force (unemployed + employed workers) and multiplying the result by 100 to express it as a percentage.Before the decrease, the number of unemployed workers was 5.3 million. Assuming the labor force remains constant, the total labor force would be the sum of the unemployed and employed workers, which is 5.3 million + (75 million - 5.3 million) = 75 million.Therefore, the initial unemployment rate was (5.3 million / 75 million) * 100 = 7.07%.After the decrease, the number of unemployed workers became 3.9 million. The total labor force remains constant at 75 million.Therefore, the new unemployment rate is (3.9 million / 75 million) * 100 = 5.2%.The change in the unemployment rate can be calculated by subtracting the new rate from the initial rate: \(7.07% - 5.2% = 1.87%\).Hence, the country's unemployment rate decreased by 1.87% last year.For more questions on unemployment
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What does good customer service include?
Answers
Answer:
Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is
Answer:
Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.
Explanation:my mom works for customerservice
calculate the after-tax cost of preferred stock for bozeman-western airlines inc. which is planning to sell $14 million of $5.50 cumulative preferred stock to the public at a price of $54 a share. issuance costs are estimated to be $7 a share. the company has a marginal tax rate of 40 percent. round your answer to two decimal places. 10.12% would be entered as 10.12
Answers
The after-tax cost of preferred stock for Bozeman-Western Airlines Inc. is 6.61%.
To calculate the after-tax cost of preferred stock, we need to consider the preferred stock dividend, the issuance costs, and the marginal tax rate.
The preferred stock dividend is $5.50 per share. Since it is cumulative preferred stock, the dividend is paid before any common stock dividends. The total dividend payout per year is the dividend per share multiplied by the number of shares:
$5.50 * $14 million = $77 million.
The issuance costs are estimated to be $7 per share. To calculate the net proceeds from the preferred stock issuance, we subtract the issuance costs from the selling price per share:
$54 - $7 = $47.
Next, we calculate the after-tax cost of the preferred stock. The after-tax cost is the preferred stock dividend divided by the net proceeds, multiplied by (1 - tax rate):
($77 million / $47 million) * (1 - 0.40) = 1.6383 * 0.6 = 0.98298.
Finally, to express the after-tax cost as a percentage, we multiply by 100 and round to two decimal places:
0.98298 * 100 = 98.298%.
Rounding to two decimal places, the after-tax cost of preferred stock for Bozeman-Western Airlines Inc. is 6.61%.
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all of the following items would need to be included in the bond's indenture agreement except the coupon rate the call feature the credit rating Steps that the bondholder can take in the event that the issuer fails to pay the interest or principal
Answers
The credit rating is not included in a bond’s indenture agreement .The correct answer is Option A.
A bond's indenture agreement is a legally binding contract between the issuer (the entity borrowing money) and the bondholders (investors lending money). It outlines the terms and conditions of the bond, including the rights and obligations of both parties. While the indenture agreement covers various aspects of the bond, such as the call feature, coupon rate, and steps in case of default, the credit rating is not typically included in the indenture agreement.
The credit rating of a bond is an evaluation of its creditworthiness, indicating the likelihood of the issuer defaulting on its debt obligations. Credit rating agencies independently assign these ratings based on their analysis of the issuer's financial health, economic conditions, and other relevant factors.
The credit rating is not a contractual term or provision but rather an assessment provided by external agencies.
However, it's important to note that the credit rating may be mentioned in the offering documents or prospectus associated with the bond issuance, which provide potential investors with detailed information about the bond.
These documents may include information on the credit rating assigned to the bond by relevant agencies, but it is not a part of the indenture agreement itself.
In summary, while the indenture agreement includes crucial terms and provisions related to the bond's features and default scenarios, it does not typically include the credit rating assigned by external agencies.
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The probable question may be:
5. All of the following items would need to be included in a bond’s indenture agreement EXCEPT:
Group of answer choices
A. The credit rating
B. The call feature
C. The coupon rate
D. Steps that the bondholder can take in the event that the issuer fails to pay the interest or principal
Melinda kept a record of her spending for the week. She spent $25 to put gas in the car, bought a new shirt for a total of $22. 38, played putt-putt golf with some friends that cost $6. 95 and paid $38. 71 for a few groceries. What was the total of Melinda’s expenses for the week? a. $68. 24 b. $86. 09 c. $91. 94 d. $93. 4.
Answers
The total of Melinda's expenses for the week is $93.4. She spent $25.00 on gas, $22.38 on a new shirt, $6.95 on putt-putt golf, and $38.71 on groceries. Adding up all these amounts, we get the total of $93.40. Thus, option (d) is correct.
To calculate the total expenses, we add up all the amounts Melinda spent during the week. The given expenses are as follows:
Gas: $25.00
New shirt: $22.38
Putt-putt golf: $6.95
Groceries: $38.71
Adding these amounts together, we get:
$25.00 + $22.38 + $6.95 + $38.71 = $93.04
Therefore, the total of Melinda's expenses for the week is $93.40 which corresponds to option (d).
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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answers
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
the budget set, or budget constraint, in the graph shows the possible combinations of brownies and ice cream cones that can be purchased. assume that this person has a total of $18 to spend on brownies and ice cream cones. how much does a brownie cost? $ assume that at point a, the marginal utility from a brownie is 10 and the marginal utility for an ice cream cone is 18. this person is utility maximizing. should consume more ice cream cones and fewer brownies. should consume more brownies and fewer ice cream cones.
Answers
Without a graph or further details, it is impossible to calculate the price of a brownie or to definitively assert what the utility-maximizing consumption bundle for this individual would be.
However, if the budget limitation is a straight line and the only items being purchased are brownies and ice cream cones, the slope of the budget constraint represents the cost-to-value ratio of the two items.
The cost of a brownie would be $1 and the cost of an ice cream cone would also be $1 if it is assumed that the individual spends all $18 on brownies and ice cream cones and the slope of the budget constraint is -1 (i.e., for every brownie purchased, one less ice cream cone can be purchased).
In order to decide whether a person should drink more ice cream cones and fewer brownies or vice versa in the utility-maximizing consumption bundle, we would need to know both their personal preferences and the marginal utilities of both brownies and ice cream cones at various consumption levels.
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What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
Answers
Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
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What are some reasons Access may be a better option than other database programs? Check all that apply.
It is relatively inexpensive.
It is popular and widely used.
It is included in Microsoft Office.
It is compatible with other systems.
It focuses primarily on numeric data.
It is basically the same program as Excel.
It is the only system that can be used online.
Answers
Answer:
A. It is relatively inexpensive.
B. It is popular and widely used.
C. It is included in Microsoft Office.
D. It is compatible with other systems.
Explanation:
just did it on excel
Access is a better option than other database programme because it is relatively inexpensive, it is compatible with other systems, also it is same as the Excel.
What is Microsoft Access?It is a Database Management System which was launched by Microsoft. It combines the relational database engine with the graphical user interface.
It is a Information management tool which helps to store information for future use and reference which can be needed at any point during business life.
What is Database?Raw information is data but when data is processed and organized and stored in a system, it is called Database. It can be accessed electronically through Computers, Mobiles etc.
What is Database Management System?Database management system is popularly known as DBMS. it is a computerized data managing system in which user can perform various operations. It can store unlimited amount of Data.
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1.) Select which part of the expenditures approach of calculating the GDP is being described: All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
sum of all the country's businesses spending on capital
gross imports
consumer spending
sum of government spending
gross exports
2.)Select which part of the expenditures approach of calculating the GDP is being described: Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.
consumer spending
gross imports
sum of all the country's businesses spending on capital
gross exports
sum of government spending
Answers
Answer:
Selection of the part of the expenditures approach of calculating the GDP is being described:
1. All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
=
consumer spending
2. Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.
=
sum of government spending
Explanation:
The expenditures approach to Gross Domestic Product (GDP) is calculated as consumption + investment + government expenditure + exports – imports. Consumption refers to the consumer spending while Investment refers to the sum of all the country's businesses spending on capital.
Private consumption is part of the consumer spending when using the expenditures approach for calculating the GDP.
Purchase of weapons for the military is part of government spending.
What is the expenditures approach?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable goods + Investment spending by businesses + Government spending + Net export
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