In the closing section of a persuasive message for a claim, you should include: a) why your claim is legitimate, b) sincere praise, and c) a clear statement of what you want done.
Here's a step-by-step explanation for each component:
a) Explain why your claim is legitimate: Provide evidence, facts, or logical reasoning to support the legitimacy of your claim. This helps to persuade the reader that your claim is valid and should be considered.
b) Offer sincere praise: Compliment the reader or their organization in a genuine manner. This helps to establish rapport and goodwill, making the reader more receptive to your request.
c) State what you want done clearly: Specify your desired outcome or action in a concise and straightforward manner. This ensures that the reader understands exactly what you are requesting, leaving no room for ambiguity or confusion.
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Imagine you are an entrepreneur in a market economy. You want to connect with potential customers who would benefit from your unique product. What is an example of a unique product in a market economy? What is the role of voluntary exchange, economic utility, and specialization in the transactions you hope to establish to sell this product? Explain each concept and its role.
The role of voluntary exchange in the transaction is that its facilitate freely trading of goods or services
The role of economic utility in the transaction is that the consumer's satisfaction from using a product will drive further sales.
How do we explain Market Economy & Voluntary Exchange?Basically, a market economy refers to an economy based on capitalism, that is, an economy whereby the goods and services are freely exchanged on an open market. The value of the outputs is mostly determined solely by market interaction between producers and consumers by a concept known as voluntary exchange. That leads us to the fact that the key principles of a market economy is the principle of voluntary exchange.
In economics, the Voluntary Exchange Principle is based on the consumers and producers acting in their self-interest, that is, the voluntary exchange between a consumer and a producer makes both parties better off than they were before the exchange.
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which of these options for saving money offers the lost liquidity?
The option of saving money that offers the most liquidity is a piggy bank. (option C)
What is liquidity?
Liquidity can be described as the ease with which an asset can easily be converted to cash. Paper currency and coins is the most liquid assets. Real estate is illiquid because it takes a long time for a real estate asset (e.g a house) to be sold and proceeds converted to cash.
Liquid assets earn less returns when compared with assets that are less liquid. This is because illiquid assets earn an illiquidity premium. An illiquidity premium compensates holders for holding an illiquid asset.
Money in a piggy bank is already in cash or coins and there is no need to convert it to cash again. Also, money in a piggybank is more accessible than the other options.
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Answer: Savings bonds
Explanation:
ESTIMATING COSTS
ACTIVITY 1- Scenario: Margaret has recently opened up her own
Beauty Salon in Abu Dhabi. She has been operating for the last 6
months as a sole trader.
List Margaret's costs for her business below:
Fast plz
Answer:
Opening your own hair salon is a milestone for any hairdresser. You may be wanting to open a salon so that you are self-employed. You may also be wanting to provide your own clients with services that align with your vision of what a hairdressing experience should be. However, opening a hairdressing salon is a big responsibility, even if you have previous experience in the hairdressing industry.
One of the most important things you will need to consider when planning to open a hairdressing salon is how to structure your business. Your business structure is the legal framework of your business. It has the potential to reduce your exposure to financial risk and enable flexibility for growth. The wrong business structure for a new business may be costly and may not be suited to your business goals. This article considers four popular business structures and their suitability for hairdressing businesses.
1. Sole Trader
If you are starting a hairdressing salon on your own or are wanting to freelance, you may choose to operate as a sole trader. As a sole trader, you will have full control and autonomy of the running your business. This structure is usually relatively easy and cheap to set up. It also has minimal legal formalities.
To set up as a sole trader, you will need an Australian Business Number (ABN). If you intend to trade under your own name, then you don’t need to register a business name. However, if you plan to operate under a different name, you simply need to register a business name with the Australian Securities and Investments Commission (ASIC).
Although it has an easy setup, this structure does come with risk. If any of your clients sue you or you incur any debts, you will be personally responsible. This means that if you can not repay these debts from the funds of the business, you will have the repay the debt from your own personal finances.
Also, as a sole trader, you have limited resources available to fund the growth of your business. You will need to rely on:
personal savings;
loans; and
business profits.
You cannot raise funds from the general public. Being a sole trader may also not be the most tax-effective decision. This is because a sole trader is liable to the same tax rate applicable to individual taxpayers on income earned. You should check this with an accountant or tax lawyer.
2. Partnership
If you plan to open your hairdressing salon with one or more business partners, you may choose to enter into a partnership. Similar to a sole trader, the setup is simple and has minimal upfront costs. You will require an ABN for the partnership and most partnerships also register a business name.
It is also important for the partners to enter into a partnership agreement. This agreement governs the relationship between partners and sets out key terms, which may describe:
how the business will be managed;
how the profits will be shared;
who will fund the partnership;
how you or your partners can sell your share in the business; and
the process for managing disputes.
However, setting up a partnership also comes with risks. Like a sole trader, if someone sues you or you go into debt, your personal assets and finances will be at risk.
Additionally, partnerships involve joint liability. Therefore, you may be personally liable for business debts owed by any of the other partners. The amount owed is not divided proportionally according to your percentage of ownership in the business, so you could be responsible for paying the entire amount.
Like a sole trader, you cannot raise funds from the general public to fund the growth of your business. You will need to rely on:
the savings of each partner;
loans; or
business profits.
However, unlike a sole trader, you can look to bring on more partners to increase the pool of funds available for the business.
3. Company
Whether you are operating your hairdressing salon on your own or with other business partners, you may decide to operate as a company. A company is a separate legal entity. This means it is capable of suing and being sued. It also holds assets in its own name and can enter into contracts in its own name.
There are two key players involved in the management of a company. These are shareholders and directors. As the founder of your business, you will usually be both a shareholder and a director of the company that you establish. Any other business partners may also take on these roles.
hope it helps
Al-Kamal Company is preparing its master budget for 2010. Relevant data pertaining to its sales, production, and direct materials budgets are as follows: Sales: Sales for the year are expected to total 1,500,000 units. Quarterly sales are 25%, 25%, 25%, and 25% respectively. The sales price is expected to be $60 per unit for the first three quarters and S65 per unit beginning in the fourth quarter. Sales in the first quarter of 2010 are expected to be 10% higher than the budgeted sales for the first quarter of 2011. Production: Management desires to maintain ending finished goods inventories at 25% of next quarter's budgeted sales volume. Direct materials: Each unit requires 4 pounds of raw materials at a cost of $6 per pound. Management desires to maintain raw materials inventories at 5% of the next quarter's production requirements. Assume the production requirements for the first quarter of 2010 are 950,000 pounds. (A) Direct labor hours are determined from the production budget. Al-Kamal Company, two hours of direct labor are required to produce each unit of finished goods. The anticipated hourly wage rate is $15. (B) Al-Kamal Company expects variable costs to fluctuate with production volume on the basis of the following rates per direct labor hour: indirect materials $1.50, indirect labor $2.00, utilities $0.50, and maintenance $0.40. Thus, for the 6,500 direct labor hours to produce 3,100 units, budgeted indirect materials are $6,200 (6,500 x $1.50), and budgeted indirect labor is $7,600 (6,500 x $2.00). Al-Kamal also recognizes that some maintenance is fixed. The amounts reported for fixed costs are assumed (C) Variable expense rates per unit of sales are sales commissions $2.50 and freight-out $1. Variable expenses per quarter are based on the unit sales from the sales budget. Al-Kamal expects sales in the first quarter to be 4,000 units. Fixed expenses are based on assumed data
Al-Kamal Company is preparing its master budget for 2010. In 2010, Al-Kamal Company's sales are expected to total 1,500,000 units. Quarterly sales are 25%, 25%, 25%, and 25% respectively.
The amounts reported for fixed costs are assumed. Al-Kamal expects sales commissions and freight-out to be $2.50 and $1, respectively, per unit sold. Variable expenses per quarter are based on the unit sales from the sales budget. Al-Kamal anticipates selling 4,000 units in the first quarter. Fixed expenses are based on estimated data. The total costs and estimated earnings are calculated on the basis of all the above information.
The cost of goods sold will be $758625, $758625, $758625, and $885575 per quarter, respectively. As a result, the gross margin for the first quarter will be $111375, with a total of $3134200 for the year. The estimated total operating expense is $300,000, including $50,000 in fixed expenses. As a result, the anticipated profit before taxes is $1,132,200.
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Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.
A) bad location
B) poor management
C) Competition
D) finances
Answer:
D
Explanation:
finances
he outsourcing or restructuring of labor from more developed countries to less developed countries to take advantage of cheaper labor costs is described by what term?
The outsourcing or restructuring of labor from more developed countries to less developed countries to take advantage of cheaper labor costs is commonly known as "offshoring."
Offshoring involves relocating business processes or services, such as manufacturing or call center operations, to countries where labor is less expensive. This allows companies to reduce costs and improve profitability.
Offshoring has become increasingly common in recent decades, particularly in the technology, manufacturing, and service industries. However, offshoring can also have negative effects on domestic job markets and economies, leading to debates over the pros and cons of this practice.
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Effective service recovery efforts can lead to all of the following EXCEPT
a. increased dependence on technology to prevent future service failures.
b. increased purchase intentions.
c. increased positive word of mouth.
d. lower levels of satisfaction than prior to the service failures.
e. increased customer satisfaction.
Effective service recovery efforts can have several positive outcomes, including increased purchase intentions, increased positive word of mouth, and increased customer satisfaction. Here option A and D are the correct answer.
However, one outcome that is not likely to occur as a result of effective service recovery efforts is lower levels of satisfaction than prior to the service failures. When a customer experiences a service failure, it can lead to decreased satisfaction and negative word of mouth.
However, when the service failure is effectively resolved through service recovery efforts, the customer's satisfaction can be restored, and the company can even create a stronger relationship with the customer. Effective service recovery efforts can also lead to increased purchase intentions and positive word of mouth, which can ultimately benefit the company.
It is also worth noting that effective service recovery efforts can involve a combination of technological solutions, employee training, and other strategies to prevent future service failures. However, increased dependence on technology to prevent future service failures is not necessarily an outcome of effective service recovery efforts.
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Why do we say that credit is basically a loan?
John has $10,000 in debt with discover, $4,000 in debt with chase, $9,000 in debt with citi bank, and $3,000 in debt with wells fargo, giving him a total debt of $26,000. what percentage of john's total debt is with discover
The percentage of John's debts with discover is \(38.46%\), by using percentage calculation.
Given,
John's total debt:
$10,000 with discover$4,000 with chase $9,000 with Citi bank$3,000 with wells FargoTotal debt of John is $26,000, to calculate his Percentage of debt with discover, we need to add all the debts and then calculate how much percentage is 10,000 of 26000.
Calculation is as follows:
\(10000/26000*100=38.46\)
Hence, The percentage of John's debts with discover is \(38.46%\)\(%\), by using percentage calculation.
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those most responsible for the major policy decisions of a corporation are the:
Answer:
Board of directors
Explanation:
Womack Toy Company’s stock is currently trading at $25 per share. The stock’s dividend is projected to increase at a constant rate of 7 percent per year. The required rate of return on the stock, ks, is 10 percent. What is the expected price of the stock 4 years from today?
Answer: $32.77
Explanation:
Given the following :
Current price of stock = $25
Growth rate of Dividend per annum= 7%
Required return on stock = 10%
Period = 4 years
Expected price of stock after 4 years can be calculated using the relation :
Current price × ( 1 + growth rate)^period
Expected price = $25(1 + 7%)^4
Expected price :
$25 × ( 1+ 0.07)^4 = $25 × (1.07)^4
= $25 × 1.31079601
= $32.76990025 = $32.77
Which descriptions offer examples of Management workers? Check all that apply. Roger sells a company’s product to customers. Arthur supervises a small department of Administrative workers. Bridget documents a company’s financial activities and creates reports. Whitney oversees others, makes decisions, and runs a company.
Answer:
The answer is B&D
Answer:
b & d
Explanation: got it wrong the first time and this is the right answer lol
A company started the year with $10,000 of inventory. Purchases for resale during the year were $20,000. Inventory on December 31 is $5,000. What's the cost of goods sold
The inventory indicates that the cost of goods sold will be $25000.
How to calculate the cost of goods soldIt should be noted that the cost of goods sold ic calculated through the formula:
= Opening inventory + Purchases - Closing inventory
= $10000 + $20000 - $5000
= $25000
Therefore, the cost of goods sold is $25000.
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The cost of goods sold (COGS) is a crucial financial metric for a company, as it directly relates to the cost of producing the goods or services that a company sells. In your case, you're looking at a retail or wholesale type of business, where COGS involves the purchase cost of the inventory items that were sold during the year.
Here is how you would calculate the cost of goods sold in your situation:
1. Beginning Inventory: This is the value of all the goods available for sale at the beginning of the year. In your case, it's $10,000.
2. Purchases: During the year, the company purchases additional goods to sell. In your case, this amount is $20,000.
3. Available for Sale: The total cost of every item that the company could possibly sell during the year is the beginning inventory plus the purchases. So, in your case, that's $10,000 (beginning inventory) + $20,000 (purchases) = $30,000.
4. Ending Inventory: This is the value of all goods still available for sale at the end of the year. In your case, it's $5,000.
5. Cost of Goods Sold (COGS): This is calculated by subtracting the ending inventory from the total available for sale. Essentially, if you started with a certain amount of goods, added more, and then ended with a certain amount, the difference must be what was sold during the year. In your case, it's $30,000 (available for sale) - $5,000 (ending inventory) = $25,000.
So, your Cost of Goods Sold (COGS) for the year is $25,000. This means the company spent $25,000 during the year on inventory that it sold.
In a freehold estate what describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources?
There are different kinds of estate. In a freehold estate immobility describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources.
Freehold estates is known to be made up of 2 components. They are:
immobility: This is simply the ownership of all immovable structures that is attached to land. An indefinite ending: This is known to stay or exist for a lifetime.Freehold estates are simply known to be a type of estates that has indefinite lifetime and it can exist for a lifetime or forever.
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The aggregate marginal product of labor is given byThe aggregate marginal product of labor is given by MPN =A (600-N)2 where N is employment and A = 5.9 is the TFP. The labor supply is described by N=b+7w0.5, where b = 512 and w is the real wage. The
The given equation for the aggregate marginal product of labor, \(MPN = A(600-N)^2\), shows that the productivity of labor decreases as employment increases.
This is because as more workers are hired, there may be a lack of resources or coordination, leading to diminishing returns.
To understand the impact of real wages on employment, we can use the labor supply equation, \(N = b + 7w^{0.5}\), where b = 512 and w is the real wage. This equation shows that as real wages increase, the supply of labor also increases.
This makes sense as workers are more willing to work at higher wages, leading to a larger pool of available workers for employers to hire.
To determine the equilibrium level of employment, we need to set the aggregate marginal product of labor equal to the real wage,
since firms will only hire workers if their productivity exceeds their cost. Thus, we have:
\(A(600-N)^2\)= w
Substituting \(N = b + 7w^{0.5}\), we get:
\(A(600-(b+7w^{0.5}))^2\) = w
Solving for w, we get:
\(w = A(600-(b+7w^{0.5}))^2\)
This equation can be solved numerically using software or algebraic techniques, but the result will depend on the specific values of A and b. However, in general,
we can see that higher productivity (A) and lower labor supply (b) will lead to higher equilibrium employment levels, while higher real wages will lead to lower employment levels.
Overall, the relationship between the aggregate marginal product of labor and labor supply can help us understand how changes in real wages and productivity affect employment levels in the economy.
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determine central ideas what are the two main parts of a cost/benefit analysis? how are they used to make a decision?
Cost-benefit analysis has two components, as the name suggests. Knowing the cost and comparing the benefit to that cost constitutes this.
What are a cost-benefit analysis's two key components?Cost-benefit analysis, in general, is totaling up all expenses associated with a project or choice and deducting that sum from the predicted benefits of the project or decision.
What does cost-benefit analysis mean when making decisions?The process of calculating the advantages of a choice or action, less the expenses involved in that choice or action, is known as a cost-benefit analysis. A cost-benefit analysis includes quantifiable financial measurements, such as money generated or costs avoided as a result of the project's choice.
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QuickMovers limits the size of the packages it delivers to 75 pounds. This is
an example of what type of requirement?
O A. Internal
O B. Voluntary
O C. Government
O D. External
Answer:
internal
Explanation:
i took the test
g in addition to their environmental impact, evs are much more expensive than traditional cars, they are ill-suited for those who live in rural areas, and they are often produced in working environments that provide little protection for the employees. conway presents us with an interesting ethical dilemma: should we adopt evs to help reduce emissions in the atmosphere now, or are we better off improving the fuel efficiency of vehicles that use conventional combustion engines until evs can be perfected? there are no easy answers. as you compose your initial response for this week's discussion, consider the following questions: both electric vehicles and gas-powered vehicles have environmental impacts. overall, are electric vehicles in their current state environmentally friendly enough to justify their widespread adoption? currently, the us federal government offers incentives in the form of rebates to encourage people to purchase evs. even after these rebates, however, the vehicles are still quite expensive. some would say that these rebates primarily benefit the wealthy. should the government continue to offer these rebates? are there better ways to promote environmentally sustainable transportation than electric vehicles, such as improved mass transit options, dedicated bike lanes, and so on? consider the technology you have chosen for your course project. is its impact on the environment generally positive, negative, or neutral? does your selected technology promote greater equity in society? are there any groups who benefit from it, or are harmed by it, more than others? in your follow-up posts, respond to the posts of your fellow students and build upon their ideas. try to make your first post by wednesday, and remember to reply to your classmate's posts!
Overall, the source of the electricity utilized to power electric vehicles affects how much of an environmental impact they have.
What environmental advantages does technology provide?Modern environmental technology has made it possible for us to harness this naturally occurring energy and convert it into power or useful heat, which demonstrates a highly positive impact of technology on the environment. Examples of these tools include solar panels, wind turbines, and water turbines.
The environmental impact is lessened if the electricity is produced from renewable resources as opposed to fossil fuels. However, there are still environmental consequences associated with the manufacture of electric vehicles, particularly the manufacture of batteries.
It is debatable whether the government should provide incentives for the purchase of electric automobiles. On the one hand, it might persuade people to switch to electric cars, which would cut down on pollution. On the other hand, because electric vehicles are still extremely pricey even after the discounts, the refunds mostly favor the wealthy. The government must consider the advantages and disadvantages to decide whether to keep providing these subsidies.
Reducing emissions and fostering environmentally friendly behaviors need improving public transit alternatives, designated bike lanes, and other sustainable mobility options. However, if the electricity needed to power them comes from sustainable sources, electric vehicles can also help reduce emissions.
Both the technology's impact on society and the environment should be considered while evaluating it for the course assignment. Technology can be deemed to be a wise decision if it benefits the environment and fosters greater justice in society. It might not be the best option, though, if it damages some groups more than others or has a bad impact on the environment.
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walker international recently published its vision statement, which is an example of
Walker International recently published its vision statement, which is an example of a forward-looking statement that outlines the company's aspirations and future direction.
A vision statement represents the desired future state that an organization aims to achieve. It typically describes the company's long-term goals, values, and purpose, providing a clear sense of direction and inspiration for employees, stakeholders, and customers. The vision statement often highlights the company's unique position in the market and its commitment to delivering value and making a positive impact.
It serves as a guiding principle for decision-making and strategic planning, aligning the efforts of the organization towards a common vision and creating a sense of purpose and unity among its members.
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walker international recently published its vision statement, which is an example of _______________________.
Government workers in which of the following states (mentioned in the lesson) offer pensions to their employees?
A. California
B. All of these
C. New Jersey
D. Pennsylvania
Government workers in which of the following states (mentioned in the lesson) offer pensions to their employees, B. All of these.
The state from the options mentioned in the question where government workers offer pensions to their employees is:
B. All of these.
In the U.S., most public employees who work for state or local government agencies are eligible for a pension, which is a retirement benefit that provides a guaranteed income in retirement.
The state government workers in California, New Jersey, and Pennsylvania all offer pensions to their employees.
Therefore, the correct option is B. All of these.
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A market research analyst claims that 32% of the people who visit the mall actually make a purchase. You think that less than 32% buy something and decide to test the claim. You stand by the exit door of the mall starting at noon and ask 82 people as they are leaving whether they bought anything. You find that only 20 people made a purchase.
We find that only 20 people made a purchase, so the value of the test statistic is about -1.48.
The test statistic is t = X - u/σ/√n. In which n is the sample size, X is the sample mean, is the anticipated value, σ is the standard deviation, and
According to a market research analyst, 32% of visitors to the mall actually make a purchase. This means that: u = 0.32, so, σ = √ 0.32 x 0.68 = 0.4665.
Starting around midday, you stand outside the mall's exit entrance and inquire of 82 customers as they leave about their purchases. You discover that barely 20 people bought anything. This means that n = 82, X = 20/82 = 0.2439.
The value of the test statistic is about: t = 0.2439 - 0.32 / 0.4665/√82 = -1.48. So, the value of the test statistic is will be near -1.48.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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a quality perspective that focuses on whether or not a product was made or a service was performed as intended is the:
A quality perspective that focuses on whether or not a product was made or a service was performed as intended is the Conformance perspective. It is one of the Eight dimensions of quality.
What is the Eight dimensions of quality?David A. Garvin, formerly the C. Roland Christensen Professor of Business Administration at Harvard Business School, identified eight aspects of quality that can be utilized strategically to examine the qualities of a product.
Performance, features, dependability, compliance, durability, serviceability, aesthetics, and perceived quality are the eight important characteristics or categories of quality that Garvin suggests might act as a framework for strategic analysis.
The degree to which a product complies with standards in terms of its design and functionality is shown by the conformance perspective or dimension.
Therefore, the conformance dimension or perspective focuses on whether or not a product was made or a service was performed as intended.
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Ace electronics received $200 of copy paper from its supplier and promised to pay for it next month. ace should report ______
Ace electronics received $200 of copy paper from its supplier and promised to pay for it next month. ace should report accounts payable of $200 on its balance sheet.
Electronics is described as devices run through electric strength or the field of studying such objects. An instance of electronics are radios, computer systems, and televisions. (physics) The study and use of electrical devices that perform with the aid of controlling the flow of electrons or different electrically charged debris.
The 4 primary styles of digital Electronics include capacitors, resistors, diodes, and transistors. Electronics made people's lives simpler, smoother, and more colorful, and reduced distances among nations, which include using mobile phones and personal computers. It facilitated communication among people, groups and nations, deepened dialogue, and approached languages, many of which relied on translation functions.
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If a switch occurs from deposits into currency, what happens to the federal funds rate?
If there is a switch from deposits to currency, the effect on the federal funds rate would be a rise in the federal funds rate.
What happens when there is a switch from deposits to currency?When people switch from deposits to currency, this would lead to lower reserves in banks as people now hold more currency.
This can put banks in a problem because by law, they need to maintain a certain percentage of their reserves at the Federal Reserve and when they can't maintain this, they borrow from other banks at a rate known as the federal funds rate.
Banks will demand more reserves from other banks in order to fulfil their reserve requirements which will then lead to the federal funds rate rising. This rise will not be high however as the reserve requirement would be adjusted to take into account, the new deposit amounts that the bank holds after the deposits had switched to currency.
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Which best describes the types of indicators that the HDI measures?
O economic and industrial indicators
O infrastructure and social indicators
O social and economic indicators
O stability and social indicators
Answer:
O social and economic indicators
Explanation:
The Human Development Index (HDI) is a statistic used to measure a country's achievements in different aspects of its social and economic welfare. The united nations developed HDI to evaluate different dimensions of human development in a country. Dimensions of human development refer to people's health, educational level, and standards of living.
The HDI makes comparisons between countries by analyzing components such as average annual income and educational achievements.
Social and economic indicators is best describes the types of indicators that the HDI measures. The HDI analyzes factors such as average annual income and educational achievements to directly compare between countries.
What is HDI ?The Human Development Index is a metric that assesses a country's progress in various areas of social and economic development.
HDI was created by the United Nations to assess many aspects of a country's human development. Human development dimensions include people's health, educational attainment, and living conditions.
Thus, option C is correct.
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Automated teller machine to provide all the following services except
Answer:
b. statement printouts
Multiple-choice answers for this question are:
a. Account balance checks b. statement printouts c. cash withdrawals d. money transfers
Explanation:
An ATM ( automated teller machine) provides a convenient way to perform some basic banking operations outside the banking hall. Customers can check their account balance, do transfers, deposit, and withdraw from their accounts from an ATM. A debit card is required to access the bank account via ATM.
An ATM does not print bank statements. A customer requiring a bank statement will need to walk into the banking hall to request the inquiries desk.
Answer:
Statement Printouts
Explanation:
Sarah started working this year. She is single with no children and hasn't earned much money. Money has been taken out of each paycheck for federal taxes. To see if she gets a refund from the IRS, what should Sarah do?
In United states, the Form 1040 are used by U.S. taxpayers to file an annual income tax return, hence, it should be filled by Sarah to gets a refund from the IRS, if there is any.
What is a tax refund?This refers to the reimbursement made to the taxpayers who have overpaid their taxes often due to having employers withholding too much from paychecks.
An example of an Income tax refund is when the excess tax paid by the taxpayer is refunded back by the Income Tax Department. E.g. Tax payable = $10,000 but paid $15,000, the tax return will equals $5,000.
Here, the case is different because there are no excess tax remittance, hence, the claim for tax refund is baseless.
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What war was Eisenhower in before he was president?
Answer:
Pancho Villa Expedition World War I World War II
Explanation:
Dwight David "Ike" Eisenhower fought in the Pancho Villa Expedition, World War I, and World War II.
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Lindy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 1.5%.
Required:
1. Record the adjusting entry for estimated warranty costs at the end of 2021.
2. Record the summary entry for actual warranty expenditures in 2022, assuming all costs were paid in cash.
3. Record the adjusting entry for estimated warranty costs at the end of 2022.
4. What is the balance in Warranty Liability at the end of 2021 and 2022?
The Lindy Appliance will meet the requirements by recording the following journal entries:
Journal Entries:
1. December 31, 2021: Debit Warranty Expense $32,000
Credit Warranty Liability $32,000
To record the warranty costs for the year.2. 2022 Debit Summary: Warranty Liability $25,000
Credit Cash $25,000
To record the actual warranty expenditures in 2022.3. December 31, 2022: Debit Warranty Expense $36,000
Credit Warranty Liability $36,000
To record the warranty costs for the year.4. The balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000.
Data and Calculations:
Warranty period for sales = 1 year
Sales Revenue in 2021 = $1,600,000
Estimated warranty costs for 2021 = $32,000 (2% of $1,600,000)
Actual warranty costs in 2022 = $25,000
Sales Revenue in 2022 = $2,400,000
Estimated warranty costs in 2022 = $36,000 (1.5% of $2,400,000)
Analysis:
1. December 31, 2021: Warranty Expense $32,000 Warranty Liability $32,000
2. 2022 Summary: Warranty Liability $25,000 Cash $25,000
3. December 31, 2022: Warranty Expense $36,000 Warranty Liability $36,000
Thus, the balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000 ($32,000 - $25,000 + $36,000).
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