Michael’s interest rate goes up and down according to his payment history and credit score. What type of interest does he have?
1. Term
2. Interest
3. Average
4. Variable
The type of interest rate Michael has is a variable interest.
What is a variable interest?An interest rate can be described as the cost of borrowing. It is the amount the borrower must pay to the lender for use of his funds.
Variable interest is the interest that fluctuates based on some underlying factors. Variable interest is also known as a floating interest.
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Question 6 write an essay on the forms of ownership
Answer:
huh?no one's got time to write an essay for you
True or false: The free-trade doctrine was designed to encourage each country to make the best use of global resources. True false question. True False
Answer:
t
Explanation:
carbon fiber is the best solution for you and the other side tracked down to your at least a little more of your own time do not take it to the right side tracked to your body and your body is the only way
g According to the video, how many times has the U.S. federal government raised the federal minimum wage?
Answer:
The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it.
A potentially huge hurricane is forming in the Caribbean, and there is some chance that it might make a direct hit on Hilton Head Island, South Carolina, where you are in charge of emergency preparedness. You have made plans for evacuating everyone from the island, but such an evacuation is obviously costly and upsetting for all involved, so the decision to evacuate shouldn’t be made lightly. Discuss how you would make such a decision. Is EMV a relevant concept in this situation? How would you evaluate the consequences of uncertain outcomes?
It can be deduced that the expected monetary value (EMV) is relevant in the given situation and the way that will be used evaluate the consequences of uncertain outcomes.
What is expected monetary value?The expected monetary value means how much money you can expect to make from a certain decision. Decision-making under uncertainty is to make a decision without knowing the possible outcome of the situation.
In this case, the decision-makers estimate the possible chance of a hurricane hitting the island and the probability distribution of the damage that will be caused by it if in case it really happens.
These are extremely difficult probabilities to estimate as the damage estimation can be both damages to property as well as damage to human beings.
In a situation such as this, it is impossible to avoid difficult trade-offs between the losses incurred by monetary losses and the losses incurred by human losses.
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Investments earn passive income, which means the money earns extra value over time without you having to do anything in particular to earn it.
If you have a good job and a budget that allows you to save a portion of your income throughout each year, what’s the point of passive income? Why not just collect and save your money without risking a loss through investments?
Answer:
Explanation:
The usage of passive income instead of collecting and saving your money without risking a loss through investments. Passive income is money you earn that doesn't require you to do a lot of “active” work to continue making it.
Answer:
The usage of passive income instead of collecting and saving your money without risking a loss through investments. Passive income is money you earn that doesn't require you to do a lot of “active” work to continue making it.
Explanation:
QUESTION 1 Provide a summary of the implications, growth and opportunity of BRICS and also include practical examples of how the implications can affect the identified SME/SMME.
A wrapping paper company produced 20,000 rolls of paper one day. Standard price is $2 per roll. Labor cost was $240, material cost was $25, and overhead was $420. Determine the multifactor productivity
a. 29.197
b. 14.598
c. 58.394
d. None of the provided answers
Based on the various costs of producing the rolls of paper, the multifactor productivity is c. 58.394.
What is the Multifactor Productivity?This can be found by the formula:
= Cost of standard production / (Labor + Material + Overhead costs)
Solving gives:
= (20,000 x 2 per roll) / ( 240 + 25 + 420)
= 58.894 rolls
In conclusion, option C is correct.
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Explain the term bread basket as it relates to inflation
Bread basket or a basket of goods in relation to inflation is used to describe a fixed set of consumer goods which are periodically valued on a monthly or annual basis.
What is Basket of Goods?In ascertaining the basket of goods, the Consumer Price Index (CPI) is used.
This is a measure that elucidates the weighted average of prices of a basket of consumer goods and services which may include transportation, food, and medical care.
This is calculated by ascetaining the average of the prices of each item price in the predetermined basket of goods.
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What are some negative effects of using a reminder system?
The benefits of reminder and recall systems include improved immunization rates, fewer missed appointments (no-shows), and more preventive care visits. The higher levels of preventive services are likely to reduce morbidity and mortality from preventable diseases.
For two straight quarters, business inventories increase at a sharp rate. This most likely indicates
In the two straight quarters, business inventories increased at a sharp rate In the usual recession, inventories build up because sales are surprisingly low. Inventories cost money, whether they are raw materials, work in progress, or finished goods.
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
The two, straight quartes That, Widespread and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth mean recession, although more complex formulas are also used
Therefore, By most likely, This indicates sales are surprisingly low. Inventories cost money
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Accounts receivable is classified on the balance sheet as a
a. current asset.
b. current liability.
c. noncurrent asset.
d. long-term liability.
Answer:
a current asset
Explanation:
Consider Nibbles, a very specialized brand of parakeet chow.
When its price is $16 per package, it sells 40,000 units. When its price rises to $20, it sells 30,000
units. Calculate its price elasticity of demand, carefully following all numeric directions. You will
interpret this result in the next question.
(Note: Round intermediate steps to four decimal places and your final answer to two. Enter only numbers,
a decimal point, and/or a negative sign as needed in the blank.)
Based on the amount sold at the various prices for Nibbles, the price elasticity of demand would be -1.
First find the percentage changes in price and quantity sold.
What is the percentage change in price and quantity?= (New price - Old price) / Old price
= (20 - 16) / 16
= 25%
= (New quantity - Old quantity) / Old quantity
= (30,000 - 40,000) / 40,000
= - 25%
What is the price elasticity of demand?= Change in quantity / Change in price
= - 25% / 25%
= - 1
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Which of the following statements are true about recession?
a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
b. Before a recession, the rate of change in government spending tends to decrease, which leads to an increase in the real GDP.
c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
d. During a recession, the rate of change in government spending tends to decrease, which leads to a decrease in the real GDP.
The TRUE statements about recession are as follows:
a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
What are recessions?Recessions are significant declines in economic activities. They are felt greatly in real GDP, income, and employment.
Recessions are characterized by many business and bank failures, slow or negative growth in productive activities, and elevated unemployment.
Thus, the true statements about recessions are Options A and C.
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You have just received $250,000 to start your own business. What type of business would you start, and how would you allocate the $250,000 in your start-up?
Answer:
Having $250,000 I can start to have my own grocery.
Explanation:
To allocate it, I will itemize the cost of the marketplace where it is located, my manpowers' salary, estimated utility, and other expenses. approximately about $120,000
second, I will Identify the suppliers and their products to sell and have at least $100,000 initial badget to fill the store
the extra $30,000 would be for the emergency fund.
thank you
Answer:
Having $250,000, I would start a food business/restaurant.
Explanation:
The unadjusted balance of the company's Cash account was $26,620 at the end of June.
The bank statement shows a balance on June 30 of $26,960.
Outstanding checks totaled $4,000 at June 30.
Deposit in transit totaled $3,000 on June 30.
The bank statement included unrecorded interest earned in the amount of $150.
Check #1221 (in payment of account payable) was written for $4,900, but recorded in the accounting records as $4,090.
The adjusted bank and book balance is?
A)26,000
B)25,960
C)25,620
D)26,300
Assuming the unadjusted balance of the company's Cash account was $26,620, The adjusted bank and book balance is: B)25,960.
The unadjusted book balance $26,620
Add Interest earned $150
Less book error in check #1221 $180
($4,900 − $4,090)
Ending balance $25,960
Unadjusted bank balance was $26,960
Add the deposits in transit of $3,000
Less outstanding checks $4,000
Ending balance $25,960
Inconclusion the adjusted bank and book balance is: B)25,960.
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3. Answer the followings.
a) What is a business?
b) What is a public sector?
c) What are public goods? Give examples.
d) What are merit goods? Give examples.
e) What are public services? Give examples.
f) Give examples of private sector organizations.
g) Give examples of the public sector organizations.
Answer:
3. a) A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies, sole proprietorships, corporations, and partnerships.
b) Public sector, portion of the economy composed of all levels of government and government-controlled enterprises. It does not include private companies, voluntary organizations, and households.
c) In economics, a public good is a good that is both non-excludable and non-rivalrous. For such goods, users cannot be barred from accessing or using them for failing to pay for them. Also, use by one person neither prevents access of other people nor does it reduce availability to others. Examples of public goods include law enforcement, national defense, and the rule of law. Public goods also refer to more basic goods, such as access to clean air and drinking water.
d) The economics concept of a merit good, originated by Richard Musgrave, is a commodity which is judged that an individual or society should have on the basis of some concept of benefit, rather than ability and willingness to pay. Examples of merit goods include education, health care, welfare services, housing, fire protection, refuse collection and public parks. In contrast to pure public goods, merit goods could be, and indeed are, provided through the market, but not necessarily in sufficient quantities to maximise social welfare.
e) A public service is a service intended to serve all members of a community. Public services include services provided by a government to people living within its jurisdiction, either directly through public sector agencies or by financing provision of services by private businesses or voluntary organizations. Examples are the business of supplying a commodity (such as electricity or gas) or service (such as transportation) to any or all members of a community, a service rendered in the public interest, governmental employment especially : civil service.
f) Examples of organizations in the private sector include:
Sole Proprietors: Designers, Developers, Plumbers, Repairmen.Partnerships: Dentistry, Legal, Accounting, Tax.Small and Medium-sized Businesses: Retail, Hospitality, Food, Leisure, Legal Services.Large Multinationals: Apple, Tesla, Disney, Procter & Gamble, PepsiCo.g) Here are some examples of public organizations.
Education.Law enforcement.Justice.Military.Electricity.Healthcare.Public transit.Public roads.When someone buys something on the menu, what are they paying for?
An individual pays for service rendered so when someone buys something on the menu, what are they paying for service.
What is service charge?A service charge is the amount an individual pays for a service that is been rendered.
It could be a product that is purchased or workdone and the amount is computed and paid for.
Therefore, When someone buys something on the menu, what are they paying for service.
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What are different speaking styles
Answer:
the unique way in which the information is delivered to the audience.
Explanation:
hope it is helpful
QUESTION 1 of 10: budget is a tool that keeps track of the amount of money you have in your budget, expressed as how much you have left :
Declining
Zone
Realistic
Sample
The budget as a financial planning tool for tracking the amount of money available for spending can be expressed as always A. declining.
What is a budget?A budget is an estimation of revenue (or income) and expenses (or expenditure) over a specified future period.
A budget is a financial guideline used by governments, businesses, and individuals to keep track of income and expenditure.
It remains an important financial planning tool to ensure that one's spending does not overrun the income.
Thus, a budget can be expressed as always A. declining, not realistic, sample, or zone.
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As a senior manager, critically discuss various examples of organisational change that Amazon would have faced since the onset of remote working. Include in your answer, some of the strategies to manage such change.
The organizational changes that companies may have faced since the beginning of remote work are related to the control and management of work, which are smaller in a remote work situation.
What are the benefits of remote work?Employees can carry out their work more comfortably, working directly from their home, which generates greater flexibility and a better quality of life.
For organizations, remote work generates lower fixed expenses with structure and displacement of employees, in addition to an increase in productivity.
Therefore, it is essential for a senior manager to assess how remote work can contribute positively to the organization, generating greater control of work through goal setting and online communication.
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Novak Corp. had the following account balances at year-end: Cost of Goods Sold $61,200; Inventory $14,550; Operating Expenses $29,960; Sales Revenue $120,310; Sales Discounts $1,080; and Sales Returns and Allowances $1,750. A physical count of inventory determines that merchandise inventory on hand is $12,180.
Prepare the adjusting entry necessary as a result of the physical count. prepare closing entries???
1. The preparation of the adjusting journal entry as a result of the physical count for Novak Corp. at the year-end is as follows:
Adjusting Journal Entry:Debit Cost of goods sold $2,370
Credit Inventory $2,370
To adjust the ending inventory value based on the physical count.2. The preparation of the closing journal entries for Novak Corp. is as follows:
Closing Journal Entries:Debit Income Summary $93,530
Credit Cost of goods sold $63,570 ($61,200 + $2,370)
Credit Operating Expenses $29,960
To close the adjusted cost of goods sold and operating expenses to the income summary.Debit Net Revenue $117,480
Credit Income Summary $117,480
To close the net revenue to the income summary.Debit Income Summary $23,950
Credit Retained Earnings $23,950
To close the income summary to the retained earnings.What are the closing entries?The closing entries are used to close the temporary accounts to the income summary in order to determine the net income or loss. The closing entries include the following four journal entries:
Closing revenues to income summaryClosing expenses to income summaryClosing income summary to retained earningsClosing dividends to retained earnings.Data and Adjustment Analysis:Cost of Goods Sold $61,200
Inventory $14,550
Operating Expenses $29,960
Sales Revenue $120,310
Sales Discounts $1,080
Sales Returns and Allowances $1,750
Physical count of inventory = $12,180
Overstatement of ending inventory based on physical count = $2,370 ($14,550 - $12,180).
Net Sales Revenue = $117,480 ($120,310 - $1,080 - $1,750)
Adjustment:Cost of goods sold $2,370 Inventory $2,370
Closing Entries:Income Summary $93,530 Cost of goods sold $63,570 ($61,200 + $2,370) Operating Expenses $29,960
Net Revenue $117,480 Income Summary $117,480
Income Summary $23,950 Retained Earnings $23,950
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In your own words, explain what opportunity cost is? Did you know about this concept? Give an example.
Answer:
A student spends three hours and $20 at the movies the night before an exam. The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment).
Explanation:
Generally accepted accounting principles (GAAP) require companies with a large amount of receivables to use
a. the allowance method.
b. the direct write-off method.
c. the estimated method.
d. the sales factor method.
A man 1.5 m tall is 15 m away from a tower 20 m high. What is the angle of elevation of the top of the tower from his eyes?
Answer:
what is the answer
Explanation:
what is the answer
VideoPlus, Inc. manufactures two types of DVD players, a deluxe model and a standard model. The deluxe model is a multi-format progressive-scan DVD player with networking capability, Dolby digital, and DTS decoder. The standard model’s primary feature
is progressive-scan. Annual production is 50,000 units for the deluxe and 20,000 units for
the standard.
The computation of the total cost per unit for each product is as follows:
Standard Deluxe
Direct materials per unit $11.00 42.00
Direct labor per unit 18.00 18.00
Overhead cost per unit 14.57 15.17
Total cost per unit $43.57 $74.17
What is the ABC costing system?The ABC (Activity-based costing) costing system is a costing method that:
Identifies activities in an organization.Assigns the overhead cost of each activity to all products and services.Cost assignment is based on the actual consumption by each.The ABC costing system is not like the traditional costing system that uses a single plantwide rate as the overhead rate based on a single cost driver.
Question Completion:Both products require 2 hours of direct labor for completion. Therefore, total annual direct labor hours are 140,000 [2 hrs. × (20,000 + 50,000)]. The expected annual manufacturing overhead is $1,050,000. Thus, the predetermined overhead rate is $7.50 ($1,050,000 ÷ 140,000) per direct labor hour. The direct materials cost per unit is $42 for the deluxe model and $11 for the standard model. The direct labor cost is $18 per unit for both the deluxe and the standard models.
The company’s managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows.
Required
Compute the total cost per unit for each product under ABC.
Data and Calculations:Activity Cost Pool Cost Driver Estimated Expected Use Expected Use
Overhead of Cost Drivers of Drivers by
Product
Standard Deluxe
Purchasing Orders $ 126,000 400 100 300
Receiving Pounds 30,000 20,000 4,000 16,000
Assembling Number of parts 444,000 74,000 20,000 54,000
Testing Number of tests 115,000 23,000 10,000 13,000
Finishing Units 140,000 70,000 20,000 50,000
Packing & shipping Pounds 195,000 80,000 18,000 62,000
Total $1,050,000
Overhead rate per Activity Cost Pool
Activity Cost Pool Cost Driver Estimated Expected Use Overhead
Overhead of Cost Drivers Rates
Purchasing Orders $ 126,000 400 $315 ($126,000/400)
Receiving Pounds 30,000 20,000 $1.50 ($30,000/20,000)
Assembling Number of parts 444,000 74,000 $6.00 ($444,000/74,000)
Testing Number of tests 115,000 23,000 $5.00 $115,000/23,000)
Finishing Units 140,000 70,000 $2.00 ($140,000/70,000)
Packing & shipping Pounds 195,000 80,000 $2.4375 ($195,000/80,000)
Allocation of Overhead per product:
Activity Cost Pool Overhead Standard Deluxe
Purchasing $315 $31,500 (100 x $315) $94,500 (300 x $315)
Receiving $1.50 6,000 (4,000 x $1.5) 24,000 (16,000 x $1.5)
Assembling $6.00 120,000 (20,000 x $6) 324,000 (54,000 x $6)
Testing $5.00 50,000 (10,000x $5) 65,000 (13,000 x $5)
Finishing $2.00 40,000 (20,000 x $2) 100,000 (50,000 x $2)
Packing &
shipping Pounds $2.4375 43,875 (18,000 x $2.4375) 151,125 (62,000 x $2.4375)
Total overhead allocated $291,375 $758,625 $1,050,000
Total units produced 20,000 50,000
Overhead per unit $14.57 $15.17
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Question 4/5
What is the difference between gross and net pay?
Gross pay is before taxes are subtracted but net pay
is after taxes are taken out.
Gross pay is after taxes are subtracted but net pay
is before taxes are taken out.
Net pay is a salary and gross pay is from hourly
wages.
Gross and net pay are basically the same things.
Answer:
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay. Employers who familiarize themselves with these two terms are often better equipped to negotiate salaries with workers and run payroll effectively.
Explanation:
Rewita pokhrel
Gross pay is before taxes are subtracted but net pay is after taxes are taken out. Therefore, option B is correct.
What is gross pay and net pay ?The difference between gross pay and net pay is that gross pay refers to the total amount of salary or wages earned by an employee before any deductions, while net pay refers to the amount of salary or wages that an employee receives after deductions such as taxes, social security contributions, and other withholdings have been taken out.
Gross pay refers to the total amount of salary or wages that an employee earns before any deductions are made. This includes any overtime pay, bonuses, or other compensation that an employee is entitled to receive. Gross pay does not take into account any taxes or other deductions that are required by law.
Net pay, on the other hand, refers to the amount of salary or wages that an employee receives after all deductions have been taken out. This includes deductions for taxes, social security contributions, health insurance, and any other withholdings that are required by law or agreed upon by the employee and employer.
Hence, option B is correct.
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8. Who was the beggar Trevor was painting?
Answer:
Baron Hausberg
Explanation:
The RLX Co. just paid a dividend of $3.20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10.5 percent on the company's stock, what is the current price?
The current price of the company's stock is $51.20.
What is the current price of the stock?The formula that can be used to determine the price of the stock is the constant dividend growth model
Price = d1 / (r - g)
d1 = next dividend to be paid = current dividend paid x (1 + growth rate) = $3.20 x (1.04) = $3.328
r = cost of equity
g = growth rate
Price = $3.328 / (10.5 - 4)
$3.328 / 0.065 = $51.20
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Suppose Japan exports cars to Russia and imports wine from France. This situation suggests: ____________
a. Japan has a comparative advantage relative to France in producing wine, and Russia has a comparative advantage to Japan in producing cars.
b. Japan has a comparative advantage relative to Russia in producing cars, and France has a comparative advantage relative to Japan in producing wine.
c. Japan has an absolute advantage relative to Russia in producing cars, and France has an absolute advantage relative to Japan in producing wine.
d. Japan has an absolute advantage relative to France in producing wine, and Russia has an absolute advantage relative to Japan in producing cars.