The Marginal Rate of Substitution or MRS is the slope of the indifference curve.
Indifference curve is a graph plotted in order to determine the same amount of satisfaction received by the consumers from different varieties of products. This property of deriving same satisfaction from different varieties of products is known as Indifferent. Every point on the indifference curve shows indifference among different products. Marginal rate of substitution is defined as the amount of a good that a consumer sacrifices or substitutes for other good in order to derive the same amount of satisfaction. The slope of indifference curve gives the Marginal Rate of Substitution. Marginal Substitution rate is a tool that can be used to determine the behavior of a consumer towards different varieties of products.
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pete works for a telecommunications firm. his job is to go out and try to find new customers, which can also involve acquiring existing customers from competitors. pere's type of sales position is most accurately described as a(n)
pere's type of sales position is most accurately described as a Multiple Choice management salesperson.
Sales management contains hiring, training and inspiring the sales team, predicting sales and setting sales goals, and developing practical systems for managing leads and improving sales.
Why is the sales managers role so important to a company's success Mcq?Sales manager's role is one of the considerable involved role in the corps, they need to manage their target, recruit , encourage and train the sales people, manage the operation process, handling complaints, execute marketing techniques and be a customer promoters and compliance officer, the list can go on and on.Ability to Predict Sales Goals Based on Analytics.Strategic Thinking and Planning Mastery to Implement Sales Plans.Capacity to Coach, Mentor, and Motivate Salespeople.Knowledge to Delegate Responsibilities.Proficiency to Communicate.Sales management contains hiring, training and inspiring the sales team, predicting sales and setting sales goals, and developing practical systems for managing leads and improving sales.To learn more about : Salesperson
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what might be a potential cost or benefit of a dynamic labor market, from the persepective of either the worker or the employer? select all that apply. in a dynamic labor market
The introduction of job protection regulation may change the dynamic of the labour market and it is all over easier for a job seeker to find a job, and likewise, for an employer to find an employee is true for potential cost or benefit of a dynamic labour market
In a dynamic labour market:
The implementation of job protection regulations could alter the labour market's dynamics. this is due to the restrictions on job protection interfering with the regular operation of a dynamic labour market.Finding a job in a competitive labour market may be both simple and challenging for both employed and unemployed people.Unemployment lasts longer than typical in a labour market that is active. this is due to the effective interaction between employed and jobless people (job searchers and job providers) in such a market. hence decreasing unemployment.This is accurate in a competitive job market when there are long lines for both employers and employees.Therefore, the introduction of job protection regulation may change the dynamic of the labour market and it is all over easier for a job seeker to find a job, and likewise, for an employer to find an employee.
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research and development can be costly. as a result, private businesses will not necessarily pursue this research unless there is a foreseeable profit. what is the government's role in this scenario?
Tax incentives should be used to support private sector research.
What is private sector?
The area of the economy that is not under state control and is run for profit by people and businesses is known as the private sector. All for-profit companies that aren't owned or run by the government are therefore included. The voluntary sector includes charities as well as other nonprofit organisations, whereas the public sector includes businesses and corporations that are run by the government. The area of a country's economy that is owned, managed, and controlled by private individuals as well as businesses is known as the private sector. The private sector employs more people than the public sector does and has the objective of making money. A new business is established or a public sector organisation is privatised to create a private sector organisation.
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weiland, incorporated, has 490,000 shares outstanding that sell for $99 per share. the company plans a 4-for-1 stock split. how many shares will be outstanding after the split?
537500 shares will be outstanding after the split-up.
What is shares?
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial asset that allows for the equal distribution of the any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its profits to its shareholders. Instead, they look forward to increasing stock price growth as business profits rise. Shares are an organization's equity stock, and there are two main kinds of shares: common shares as well as preferred shares. As a result, the terms "shares" as well as "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors.
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you are trying to price two bonds that have the same maturity and par value but different coupon rates and different required rates of return. both bonds mature in 3 years and have par values of $1000. one bond has a coupon rate of 7% and a required rate of return of 7%. the other bond has a coupon rate of 5% and a required rate of return of 5%. what is the absolute value of the difference between the price of these two bonds?
As the coupon rate and required rate of return are the same on both bonds, the bonds will be issued at the par value of $1,000. Therefore, the absolute value of the difference between the price of the two bonds will be $0 (1,000 - 1,000).
In marketing, a chit is a price tag or file that can be redeemed for an economic discount or rebate when buying a product. Customarily, coupons are issued by way of manufacturers of client packaged goods by means of stores, for use in retail shops as part of income promotions. They are regularly extensively distributed through mail, coupon envelopes, magazines, newspapers, the net (social media, electronic mail newsletter), directly from the store, and mobile devices together with mobile phones. The big apple instances said that "more than 900 producers' coupons had been disbursed" in line with family, and that "America Department of Agriculture estimates that 4 households in five use coupons.
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in the presence of a 10% noncontrolling interest, how much inter-entity gross profit remaining in ending inventory should be eliminated in consolidation?
Inter-entity gross profit remaining in ending inventory should be eliminated in consolidation is 100%.
What is consolidation?The term consolidation comes from the Latin consolidatus, which means "joined he into one body". Whatever the context, consolidation means combining a larger set of items into one smaller number.For example, a traveler can pack all his luggage into one big bag.gross consolidation means combining various debts, such as credit card bills and other loan payments, into one loan or monthly payment. If you have multiple credit card accounts or loans, consolidation is a way to simplify or reduce your paymentsNature or State of Fusion Specific : Fusion of two or more bodies by dissolving existing bodies and forming a single new body.Debt consolidation means combining various debts, such as credit card bills and other loan payments, into one loan or monthly payment.If you have multiple credit card accounts or loans, gross is a way to simplify or reduce your payments.To learn more about consolidation from the given link :
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Alexandria has recently begun using social media, and frank asks you what kind of business information would help him run the store more profitably and efficiently. What do you suggest?.
It can be suggested to Alexandria research customer preferences and their buying interest to run the store more profitably and efficiently.
What is Business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
A business will achieve maximum profit only when it generates better customer satisfaction which encourages them to purchase products. In order to develop customer satisfaction the business should aware of the tastes and preferences of their customer.
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which code of entry provides advantages to a multinational firm that can be transferred within the firm at very low cost? a. indirect exports b. licensing c. ownership d. externalization g
(b)Licensing provides advantages to a multinational firm that can be transferred within the firm at very low cost.
What is licensing ?
In order to manufacture and advertise one or more of a firm's products within a specific market region, you must seek permission from the company (the "licensor"). In most cases, the business that acquires these rights (the licensee) consents to pay the original owner a royalty fee.
Songs, sports team logos, intellectual property, software, and technology are a few examples of things that can be licensed.
Why is licensing important?
By enforcing norms that limit practice to competent people who have met particular requirements in terms of education, job experience, and tests, professional licensure protects the public.
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in the long run: a at least one input is variable and one input is fixed. b all inputs have marginal product equal to zero. c all inputs are fixed. d all inputs are variable. e inputs are neither variable nor fixed.
In the long run all inputs are variable. Hence Option D is the answer.
Define variable inputs in production.A resource or production component that may be quickly altered by a company in an effort to alter output volume is known as a variable input. In short-run production, the majority of businesses use a variety of variable inputs, namely labor, raw materials, and energy. Variable factors are those whose employment varies in proportion to output; more are employed when production rises and fewer when production falls.
Labor, energy, and raw materials employed directly in production are examples of typical variable elements. Labor is the most typical example of a variable input. The additional inputs required by a company to increase short-run production are provided by a variable input. The capacity constraint in production, on the other hand, is provided by a fixed input, such as capital.
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f the main body of the purse requires four major sequenced steps, then based on the following information, what is the critical path time? process a: 14 minutes process b: 2 minutes process c: 6 minutes process d: 11 minutes
Answer: 33 Minutes
Explanation: 14 + 2 + 6 + 11 = 33
If the purse's primary body calls for four sequentially important measures. Consequently, based on the information provided, the critical path time is [tex]33[/tex] minutes.
What does critical path time mean?The longest series of tasks that must be completed by a certain date in order for the project to be considered successful is known as a critical path in project management. The rest of the project will be delayed if crucial activities take longer than expected.
The critical path technique enables one to evaluate the effects of work delays. Project completion time will be compromised if tasks on the critical path are delayed.
[tex]14 + 2 + 6 + 11 = 33[/tex]
Therefore, the critical path time is [tex]33[/tex] minutes.
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Facilitated diffusion and simple diffusion are similar since both are types of ___________ transport.
Simple diffusion and assisted diffusion are both forms of passive transport. They transfer materials from a region of high concentration to one with low concentration. The former, though, differs from the latter in how molecules are moved through the membrane.
Why are assisted diffusion and simple diffusion both regarded as passive transport systems?Facilitated diffusion is a subset of passive transport. Even when aided diffusion includes transport proteins, it is still passive transport because the solution is moving down the concentration gradient. Small, nonpolar molecules can easily cross the cell membrane. Simple diffusion is one of the basic types of passive transport. Filtration, osmosis, and assisted diffusion make up the last three (also known as facilitated transfer). Each one shows a downward movement, or a change from a high concentration to a low concentration location.
Four categories of passive transportation exist:
Easy Diffusionenhanced diffusionFiltration.Osmosis.To learn more about ' passive transport ' refer to
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Prior to the great depression, most economists believed that a recessionary downturn would be reversed by?.
Recessionary downturn that caused by great depression would be reversed by lower wages that would increase the quantity of labor demanded. Lower wages also would increase the reduced unemployment.
A recession simply can be defined as a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, industrial production, real income, employment, and wholesale-retail sales. If there is a widespread drop in spending, it can caused recession. Recession can make a significant impact for our daily lives, such as increasing the price of goods.
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flitter reported net income of $17,500 for the past year. at the beginning of the year the company had $200,000 in assets and $50,000 in liabilities.by the end of the year, assets had increased to $300,000 and liabilities were $75,000. calculate its return on assets:
The return on assets is calculated to be 7% if the reported net income for the past year was $17,500
To determine the return on assets, we first calculate the average total of assets as follows;
Average total assets = (Opening assets + Closing assets) ÷ 2
Substituting the given value of opening and closing assets in this equation;
Average total assets = ($200,000 + $300,000) ÷ 2
Average total assets = $500,000 ÷ 2
Average total assets = $250,000
Now we can calculate the return on assets by using the following formula;
Return on assets = Net income ÷ The total average assets
Substituting the values of net income and total average assets;
Return on assets = 17,500 ÷ 250,000
Return on assets = 0.07
Converting it into percentage;
Return on assets = 0.07 × 100 = 7%
Therefore, the return on assets is calculated to be 7% if by the end of the year, assets had increased to $300,000 and liabilities were $75,000.
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because trade raises as firms and workers play to their comparative advantage, trade will also cause the average level of wages in an economy to .
Because trade raises the amount that an economy can produce by letting firms and workers play to their comparative advantage, trade will also cause the average level of wages in an economy to rise
How does trade affect the economy?Trade is essential to the prosperity of the United States because it boosts economic expansion, promotes domestic employment, raises living standards, and enables citizens to sustain their families with reasonably priced goods and services. When labor is fixed and a country adopts free trade, the real wage in the export sector stays constant relative to the exported good while rising relative to the import good in both countries. Since rich countries, who have more capital and less labor, export items with a high labor content, trade drives up wages in developing nations' relative terms. Tariffs and other trade restrictions increase the cost of goods and services for American companies and consumers while reducing their supply, which lowers income, employment, and economic production. The first is a net wealth effect, which raises the overall demand for goods and services.The second consequence of terms of trade is an increase in the rate of return on producing nontraded commodities as a result of better terms of trade.To learn more about trade refer
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sourcing sustainability is described as the ability to meet the current needs of the supply chain without costing the company any additional time or money. sourcing sustainability is described as the ability to meet the current needs of the supply chain without costing the company any additional time or money. true false
The statement that sourcing sustainability is described as the ability to meet the current needs of the supply chain without costing the company any additional time or money is False.
What is sustainable sourcing?Sustainable sourcing refers to the act of seeking out suppliers while incorporating important factors such as environmental, legal, and social factors.
Sustainable sourcing is a very important factor that must be met if an organization will be recognized as a sustainable player in its niche industry. A company often has to cite the factors that count as sustainability for them and seek them out in future suppliers.
When organizations engage in sustainable sourcing, their main goal is often to find the best suppliers for the organization while still ensuring that social and environmental factors are not compromised in the process. This is a very important factor in the corporate world. So, the right option is False.
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1) how much money must you deposit now at 6% interest compounded quarterly in order to be able to withdraw $3,000 at the end of each quarter year for two years?
Amount to be deposited now at 6% interest computed quarterly in order to be able to withdraw $3,000 at the end of each quarter year for two years is $22,457.78.
No. of payments / Compounding per year = 4
Amount per quarter = $3,000.00
No. of years = 2
Annual rate = 6.00% = 0.06
Quarterly rate = 0.06/4 = 0.015
Total No. of payments = 2 × 4 = 8
Amount to be deposited today = $22,457.78
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organization makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest.Learn more about Interest, here
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if the current mpc is .8, how much change in aggregate demand will be generated within one year by an increase in government expenditures by $10 billion?
An increase in government expenditures by 25% to change in aggregate demand will be generated within one year by an increase in government expenditures by $10 billion.
What is expenditure?Expenses represent cash or credit payments for the purchase of goods or services. It is recognized at a single point in time (at the time of purchase), as opposed to costs that are recognized over time when a consumption or service is purchased. Appropriations shows each agency's revenues and capital expenditures, and presents the estimates associated with each under "planned" and "unplanned."Expenses are the amounts a business spends to generate income. Expenditures are the amounts spent to acquire assets, goods, services, etc.Expense is not necessarily the same as expense, as expense represents the depreciation of an asset and expense simply indicates the acquisition of an asset. As such, costs cover a specific point in time, but costs can occur over a longer period of time.To learn more about expenditure from the given link :
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if units a cost $4 each, units b cost $6 each, and units c cost $7 each, for a total cost of goods available of $220, the cost of goods sold to a customer who purchased 2as, 4bs, and 2cs would be:
The cost of goods sold to a customer who purchased 2as, 4bs, and 2cs would be $46.
2*4+4*6+2*7 = 46
What do you mean by cost of goods sold?
The cost of goods sold (COGS) is the carrying value of items sold over a specific time period. Costs are assigned to specific items using one of several methods, such as specific identification, first-in-first-out (FIFO), or average cost. Costs comprise the acquisition, conversion, and other costs incurred in bringing the inventories to their current location and condition. Material, labour, and allotted overhead are all included in the costs of goods manufactured by enterprises. The costs of items that have not yet been sold are postponed as inventory costs until the inventory is sold or written down in value.
The cost of goods sold will be:
2as*4bs+$4*$6+2cs*$7
= 46
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motor works has total assets of $919,200, long-term debt of $264,500, total equity of $466,900, net fixed assets of $682,800, and sales of $1,021,500. the profit margin is 6.2 percent. what is the current ratio?
Current ratio is 1.26.
Define total assets.Total Assets are defined as the assets owned by the company that have an economic worth and from which benefits may be gained in the future. This term is most frequently used in the context of a corporation. In the company's balance sheet, assets are included.
Depending on their liquidity, assets are divided into two categories:
liquid assets and illiquid assets. Assets that can be quickly sold for cash or turned into cash are referred to as liquid assets; otherwise, they are referred to as illiquid assets.On the balance sheet, assets are further divided into current assets and long-term assets. A current asset is one that can be liquidated in less than a year, whereas a long-term asset can be liquidated over a period longer than a year.To solve the question :
Given,
Total assets = $919,200
Net fixed assets = $682,800
Long-term debt = $264,500
Total equity = $466,900
(Total assets - net fixed assets) / (Total assets - long-term debt - total equity)
($919,200 - 682,800) / ($919,200 - 264,500 - 466,900)
= 1.26
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what are the three primary ways to manage a product through its life cycle? multiple select question. modifying the product repositioning the product modify the competition modifying the market repositioning the market decrease the brand's equity
The following three methods are the most effective for managing a product's life cycle:
shifting the product's locationA change to the productaltering the marketplaceHow does product life cycle management work?PLM, or product lifecycle management, is the process of controlling a product's lifecycle from conception to manufacture, sales, support, and eventually retirement. PLM software is a technology that assists businesses in creating and launching new goods.
In the life cycle of a product, which of the following constitutes a step?The introduction, growth, maturity, and decline phases make up a product's life cycle. Many goods are still in their advanced stages of maturity. The product eventually disappears from the market, as is the case with every product life cycle.
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if assets are $100 million, liabilities are $30 million, and shareholders' equity is $70 million, what is the net book value (net worth) of the company?
70 million is the answer .
How is net worth of a company calculated?
Knowing a company's market worth is one thing, but by itself, it could not provide a whole picture of the company's value. This is particularly true for sectors that need substantial expenditures in property, machinery, and other expensive or valuable assets. In light of this, it's crucial to comprehend how to determine the net value of those assets. The process for determining a company's net value is actually rather simple:
Net worth is the sum of all assets less all liabilities.
The method used to determine one's personal net worth is the same as this one, which is also known as "shareholders' equity." This straightforward method effectively determines what would remain when a firm is liquidated and sold and how much of it would be distributed to each stakeholder.
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18. sardi company estimates its 2015 tax expense to be $80,000. it makes a cash payment of $20,000 to the tax authorities on december 31, 2015. how should this transaction be recorded by sardi? debit tax expense $80,000; credit cash $60,000; credit taxes payable $20,000 debit tax expense $80,000; credit cash $20,000; credit taxes payable $60,000 debit tax expense $80,000; credit cash $20,000 debit tax expense $80,000; credit cash $20,000; credit accounts payable $60,000
Debit tax expense $80000 credit cash $20000, credit taxes payable $60000
tax expense estimated by the company in the year 2015 is $80000
Cash payment to the tax authorities on December 31, 2015, = $20000
So the balance tax to be paid is equal to 80000 - 20000 = 60000
Hence initially the company need to debt tax expense $80000
Then the credit cash is $80000
The provision to be made credit taxes payable $60000
Hence Debit taxes paid ($60,000), credit cash ($2,000), and credit tax expense $80000
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what guides users through marketing campaigns by performing such tasks as campaign defination, planning, scheduling, segmentation, and success analysis?
Campaign management systems guides users through marketing campaigns by performing such tasks as campaign definition, planning, scheduling, segmentation, and success analysis.
What are Campaign management systems?An segmentation used by marketers to design multi-channel marketing campaigns and track the impact of those campaigns by customer segment over time.Campaign Management Systems are the planning, execution, tracking and segmentation of marketing initiatives. This could be a marketing campaign to launch a new product or event, or it could be a small promotion. Campaign management systems help businesses manage different aspects of their marketing campaigns.Campaigns come in many shapes and sizes, and there are many types of campaigns. They typically fall into three different categories: channel-specific, tactical, and purposeful.Salesforce Campaign is a segmentation Salesforce object in every Salesforce customer's (purchased Sales Cloud) organization. Campaigns are typically used by marketing teams, and sales development teams (BDR/SDR/lead generation agencies) can also use campaigns.To learn more about Campaign management systems from the given link :
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if a lump-sum income tax of $30 billion is levied and the mps is 0.40, the consumption schedule will shift multiple choice downward by $30 billion. downward by $18 billion. downward by $12 billion. upward by $18 billion.
If a lump-sum income tax of $30 billion is levied and the MPs is 0.40, the consumption schedule will shift downward by 18 billion.
The term "income" generally refers to the transfer of money, property, and other value received over a period of time in exchange for services or products. There is no single standard definition. Income is defined according to the context in which the concept is used. The three most important types of income are earned income, passive income, and portfolio income.
Earned income includes wages, salaries, tips, and commissions. Passive or unearned income is derived from rental properties, royalties, and limited partnerships. Portfolio or investment income includes interest, dividends, and investment income. Source of Income means an employer or subsequent employer or other person or entity owing or expected to pay income to a payer.
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sofia and her partner have been discussing purchasing property, but this will take some financial sacrifices over the next few years. sofia tells her partner she's unable to make a decision right now and needs to take a break. a week later when her partner asks whether she's come to a decision, sofia is surprised that she has made up her mind. what subconscious process took place over the past week?
Incubation subconscious process took place over the past week with sofia.
In psychology, incubation refers back to the unconscious processing of problems, whilst they're set apart for a period of time, that can result in insights.
It become initially proposed by way of Graham Wallas in 1926 as certainly one of his four stages of the innovative manner: guidance, incubation, illumination, and verification.
Contamination generally takes place in 5 levels. The incubation stage occurs proper after exposure and before symptoms increase. This stage can variety from hours for some infections to days, weeks, or maybe years for other infections.
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twin-cities, inc., purchased a building for $600,000. straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000. a. calculate the annual depreciation for the first two years that twin-cities owned the building. b. calculate the book value of the building at the end of the second year.
For $120,000 cash, Bridge City Consulting purchased a building as well as the land it is situated on. An estimated 70% of the purchase price will go toward the land.
Before it was suitable for usage, the facility required $10,000 in renovations from the corporation. $120,000 is the total cost of the land and the building.
Land Cost (70%) = $84,000
Building Cost (30%) = $36,000
Renovations to the building will cost $10,000.
Building Cost = $36,000 Plus $10,000.
$46,000 is the building's total cost.
1. Annual Depreciation (Year End Depreciation) = (Building Cost - Residual Value)/Number of Years Annual Depreciation = $46,000 - $16,000 / 10 Annual Depreciation = $30,000 / 10 Annual Depreciation = $3,000
2. At the end of two years, the land's book value is $84,000.
At the end of two years, the building's book value will be $46,000 - ($3,000) 2year) = $46,000 - $6,000 = $40,000
So, at the end of two years, the Book Value of the Land and Building is = $84,000 + $40,000 = $124,000.
The cost of annual depreciation is land.
Estimated usable life for [equipment cost-residual value]
Depreciation costs each year
(20,500−2,500)÷4=4,500
Depreciation accumulated after two years I
4,500×2=9,000
After two years, the book value is
20,500−9,000=11,500
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What was the economic foundation of colonial rule in mexico and peru? how did it shape the kinds of societies that arose there?.
In Mexico and Peru, commercial agriculture was the economic foundation of colonial rule. Silver and gold mining was also the economic foundation of colonial rule in Mexico and Peru.
What is commercial agriculture?Commercial agriculture, also known as agribusiness, is a cropping method in which crops and livestock are raised in order to sell the products on the market and profit.In Mexico and Peru, commercial agriculture was the economic foundation of colonial rule. Silver and gold mining was also the economic foundation of colonial rule in Mexico and Peru. Because there was a very distinct social order in the society, this economic foundation greatly shaped the types of societies that arose.Commercial farming necessitates the use of modern technology, specifically heavy machinery, irrigation methods, chemical fertilizers, and pesticides. Crops that are in high demand in commercial farming are those that must be exported to other countries.To learn more about commercial agriculture refer to :
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In the ________ activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
In the reverse logistics activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
What is SCM?
The management of a flow of goods and services is known as supply chain management, and it encompasses all processes which transform raw materials into finished products. It entails actively streamlining a company's supply-side activities in order to maximise customer value and increase an advantage in the marketplace. Supply chain management (SCM) refers to suppliers' efforts to design and implement supply chains which are as efficient and cost-effective as possible. Supply chains encompass everything from manufacturing to product development to the information systems required to manage these endeavours. Typically, SCM attempts to position gives or link a product's production, shipment, and distribution. Companies can reduce costs and provide customers with products faster by managing the supply chain.
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true or false: there is no underpayment penalty assessed if the taxpayer chooses to pay nothing throughout the year, but sends in just enough of an estimated payment at year-end to meet the safe harbor rules.
It's untrue what they say. If a taxpayer elects to pay nothing during the year but sends in just enough of a projected payment at year's end to comply with safe harbor regulations, an underpayment penalty will be levied.
How can taxpayers guard against being hit with an underpayment penalty?In order to avoid a penalty, taxpayers should typically pay their estimated taxes in four equal installments. However, if your income fluctuates during the year, you might be able to adjust the annualized installment method's payment amounts to avoid or reduce the penalty.
What results in a penalty for underpaying taxes?Individuals' Underpayment of Estimated Tax If you don't pay enough anticipated tax on your income or you pay it late, you could face penalties as an individual, an estate, or a trust. Even if we owe you a refund, the penalty can still be applicable.
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1.ralph gets his paycheck from shakes n' burgers restaurant, his employer, and attempts to deposit it in his account at town bank. uri, the bank's teller, notices that on the check the amount stated in words is different from the amount stated in numerals. which amount can the bank lawfully credit to ralph's account?
The amount, the bank can lawfully credit to Ralph's account is the amount written in words
This is further explained below.
Ralph's account:Generally, It is possible to say, with reference to the provisions of the Uniform Commercial Code, that if the amount written in words on a check differs from the amount written in numbers on the check, the amount written in words has priority over the amount written in numbers. This is because the words take precedence over the numbers.
Therefore, given the circumstances, the bank is within its rights to credit Ralph's account with the sum that is written out in words on the check that was written out by Shakes n Burgers (subject to the availability of the amount in the shakes n Burgers account).
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