felix and oscar are roommates. oscar is messy and felix plans to move out unless they can come to an agreement. the roommates can only reach a private solution if oscar compensates felix for being messy.
The given statement is FALSE
How Do Private Solutions Work?
Moral principles, charitable organizations, business mergers, and contracts based on the self-interest of relevant parties are examples of private responses to externalities.
According to the Coase theorem, when transaction costs are low, two parties can negotiate and come to an efficient decision even when there is an externality.
In reality, private parties frequently fall short of solving the externalities issue on their own.
Theoretically, parties who are impacted by an externality will negotiate to arrive at a solution that is more effective.
To achieve a more effective result, parties must have low transaction costs.
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shue music company is considering the sale of a new sound board used in recording studios. the new board would sell for $24,500, and the company expects to sell 1,620 per year. the company currently sells 1,970 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,640 units per year. the old board retails for $22,900. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,155,000 per year, and fixed costs are $3,200,000 per year. if the tax rate is 22 percent, what is the annual ocf for the project?
A measure of the amount of money made by a company's regular business operations is called operating cash flow (OCF).
What does OCF stand for?The amount of money created by a company's regular operating activities during a given time period is known as operating cash flow (OCF).
The fund manager's fees for managing the portfolio are included in the OCF, along with other expenses including marketing, administration, and regulation.
What makes a solid OCF?Investors, creditors, and analysts prefer a larger ratio - greater than 1.0 - as it indicates that a business can cover its present short-term liabilities and yet have earnings remaining. Operating cash flow that is high or on the rise is a sign of a healthy financial situation for a company.
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a profit-maximizing monopoly never produces an output in the _____ range of its _____ curve.
A profit-maximizing monopoly never produces an output in the inelastic range of its demand curve.
The quantity of goods produced at which marginal revenue equals marginal cost, or when MR = MC, is the decision that will maximize profits for the monopoly.
If the monopoly produces less, MR > MC at given output levels, and the enterprise can increase profits by increasing output.
While a company produces more, MC > MR prevails, allowing it to increase profits even when it produces less overall.
By examining the marginal revenue and marginal expenses of producing an additional unit, a monopolist can estimate the price and quantity that will maximize its profits. The company should produce an additional unit if the marginal revenue is greater than the marginal cost.
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companies often use more than one capital budgeting method to determine which capital investment to make. True/False ?
The statement companies often use more than one capital budgeting method to determine which capital investment to make is false.
Long term investments known as capital investments involve assets with multiple year useful lifetimes.
Capital investments include things like building a new production facility and purchasing machinery and equipment.
A technique for calculating the financial feasibility of a capital investment over its lifetime is capital budgeting. Capital budgeting, in contrast to several other forms of investment analysis, places more emphasis on cash flows than profits.
Instead of accounting the revenues and expenses resulting from the investment, capital budgeting focuses on identifying the cash inflows and cash outflows. Long-term net values will be identical for conventional profit-and-loss analysis and capital budgeting.
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a company received $100,000 in federal contracts. the company paid its employees at rates at least equal to the prevailing wages in the area. the calculation of prevailing rates by the company was based on 30 percent of the local labor force. in this case, which law did the company comply with? multiple choice the lloyd-la follette act of 1912 the smith-connally act of 1943 the julie jargon act of 1940 and the eric morath act of 1945 the davis-bacon act of 1931 and the walsh-healy public contracts act of 1936 the humphrey-hawkins full employment act
As the company paid its employees at rates at least equal to the prevailing wages in the area and the calculation of prevailing rates by the company was based on 30 percent of the local labor force. In this case, the law that the company comply with are:
Davis Bacon Act of 1931Walsh-Healy public contracts of 1936Summary of Davis Bacon Act of 1931The federal legislation establishes the requirement for paying the local prevailing wages on public works projects for laborers and mechanics. The provision applies to the contractors and subcontractors performing on federally funded or assisted contracts in excess of $2,000 for the construction, alteration, or repair of public buildings or public works.
Summary of Walsh-Healy public contracts of 1936:The Walsh-Healey Public Contracts Act, as federal law establishes the minimum wage, maximum hours and safety and health standards for work on contracts in excess of $15,000 for the manufacturing or furnishing of materials, supplies, articles or equipment.
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mrp software calculations consider . question 34 options: a) sales (demand) forecasts b) boms c) raw materials and finished goods inventories d) all of the above
all of the aforementioned, as the logic of MRP calculation includes the information provided by each party regarding the sales estimate, the material needed, and the BOMs.
Calculations of Net and Gross Requirements — both of these calculations are made for a specific time frame. The first step in calculating your gross requirement is to add up all the ingredients or parts required to make a specific number of completed products. By deducting the stock that is in-hand at the beginning of the period, you may calculate the net for that same period.
Orders, both incoming and outgoing The amount of merchandise that will sell within that lead time must be taken into account when balancing orders coming in from sales with the orders your company needs put to vendors to meet that demand.
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once cost is established for a plant asset, it becomes the basis of accounting for the asset unless the asset appreciates in value, in which case, market value becomes the basis for accountability. group of answer choices true false
It is false that once the cost is established for a plant asset, it becomes the basis of accounting for the asset.
The value of assets is shown on the balance sheet, and the higher the asset value, the more leverage and equity financing opportunities a company has. An asset is recognized when an investment item is recognized and there are several factors and rules that determine how an asset is classified.
Asset valuation is the process of determining the present value of a company's assets. Stocks, buildings, equipment, brands, goodwill, etc. This process is often done as part of a broader business evaluation or prior to purchasing, selling or insuring an asset.
The market value method bases the value of an asset on the market price or estimated price when sold on the open market. If there are no similar assets on the public market, the replacement cost method or the net realizable value method is used.
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A profit maximizing monopoly never produces an output in the range of its curve. A. inelastic; demand B. inelastic; supply C. unit elastic, marginal revenue D. elastic, supply
a business-oriented Monopoly never generates an output within its inelastic demand curve. Choice A
What does Monopoly actually mean?
A market structure that is characterized by a single seller who offers a distinct product on the market. As the only vendor of the goods with no viable alternatives, the seller in a monopoly market has no rivals.
Is Monopoly a capitalism-based game?
The original purpose of the game Monopoly was to critique capitalism.
Players move across the board in the most popular version of Monopoly, purchasing and exchanging properties, collecting rent, and ultimately attempting to bankrupt their rivals.
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What is a downside of rapid economic growth?
A downside of rapid economic growth is inflation effect. Economic growth will cause aggregate demand to increase.
Economic growth is an increase in the production of goods and services in an economy. Increases in capital goods, labor force, technology and human capital can all contribute to economic growth.
The downside of rapid economic growth is unsustainable and is higher than the long-run trend rate inflation is likely to occur.
Furthermore, this temporary boom in output is unlikely to continue and may be followed by an economic downturn or recession. But it helps in GDP increment and strengthens fiscal condition.
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which is not a characteristic of socialism? group of answer choices collective motives rather than private investment.
Private ownership of productive resources are not a characteristic of socialism.
What are the characteristics of socialism?Socialist principles include open access to products and services, production for use rather than profit, equal distribution of wealth and material resources among all people, and the end of market competition.Socialism is a left-wing economic ideology and movement that embraces a variety of economic systems distinguished by the predominance of social ownership over private ownership of the means of production.greater equality, a planned economy, and public ownership of income-producing assets as opposed to private ownershipIn a socialist society, each member of the community receives an equal portion of the numerous resources that are produced, distributed, and traded. A democratic type of government can offer this kind of ownership.Learn more about socialism refer to :
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question content area the operating expense recorded from uncollectible receivables can be called all of the following except a.uncollectible accounts expense b.bad debt expense c.bad receivables expense d.doubtful accounts expense
he operating expense recorded from uncollectible receivables can be called all of the following except c. bad receivables expense.
Customers' outstanding debts for goods or services they have received but haven't yet paid for are referred to as accounts receivable. For instance, the amount owing when clients buy things on credit is added to the accounts receivable. It is a debt incurred as a result of a commercial transaction.
The term "accounts receivable" describes the unpaid bills or cash that customers owe a business. The term describes accounts that a company is entitled to get since it has provided a good or service.
Receivables, also known as accounts receivable, are a company's line of credit that typically include terms that call for payments to be made within a somewhat short time frame. Usually, it varies from a few days to a fiscal or calendar year.
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what are the steps to start living a fire lifestyle (financial independence and retire early)? group of answer choices identify what goals and values you want to achieve in 5-20 years. calculate how much you need to reach financial independence. aggressively try to pay off debt. track and cut back on spending. try to generate multiple streams of income. stay focused with your goal in mind. all of the above.
Eliminate your debt and complete your emergency fund. 15% should go into tax-favored retirement funds.
How can I retire early with financial security?FIRE advocates strive to retire early and live off tiny withdrawals from their amassed savings by saving up to 70% of their yearly income. FIRE advocates typically take out 3 to 4 percent of their funds each year to pay for their retirement lifestyle.
How much money do I require to be independently wealthy?After trotting out those disclaimers, the math shows that you reach financial independence when your assets equal your costs divided by 4%. In other terms, Assets = Expenses / 0.04 = Expenses * 25. You are financially self-sufficient and are able to retire whenever you want after your assets are 25 times greater than your costs.
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which group takes title to manufacturers' goods and assume the trading risks? question 15 options: 1) merchant middlemen 2) brokers 3) buying offices 4) export agent 5) agent middlemen
Merchant middlemen are less under your control than agent middlemen because they genuinely take title to the products of producers and bear the trade risks.
The likelihood of losing some or all of your initial investment when trading or investing is known as risk. The potential reward, or potential profit, is on the other side. Generally speaking, we argue that the potential value or return on investment increases with risk. Risk of Market Volatility - As it is, even long-term investors run the risk of losing money due to unstable markets and stock price volatility. If you want to close your deals in one day, sudden price fluctuations are quite dangerous. Even if you select the right stocks, price alterations may nonetheless happen without warning.
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a structure that is a combination of a global product, area, or functional arrangement is referred to as a(n) organizational structure.
A structure that is a combination of a global product, area, or functional arrangement is referred to as functional organizational structure.
What is organizational structure?The division, organization, and coordination of organizational activities are accomplished through organizational structures. Organizations have developed frameworks to control member performance and to coordinate work factor activities. There are four primary structural forms of organizations:
FunctionalDivisionalMatrixFlatFurther Functional Organizational Structure: This structure groups workers who do related or similar jobs. For instance, the finance department groups accountants together, as do the marketing, business, and human resources departments.
Thus the functional structure enables quick decision-making because group members have similar expert knowledge and interests, making it simple for them to communicate and grow as professionals through mutual learning.
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sweet manufacturing is planning to sell 400,000 hammers for $6 per unit. the contribution margin ratio is 20%. if sweet will break even at this level of sales, what are the fixed costs? group of answer choices $480,000 $1,120,000 $1,600,000 $1,920,000
Sweet Manufacturing plans to sell 400,000 hammers for $6 each. The contribution margin is 20%. If Sweet were to fail at this level of sales, fixed costs would be $480,000.
1) $480000
20 x 400,000 = 80,000
80,000 x $6 = $480,000
Manufacturing is the creation or manufacture of goods using equipment, labor, machinery, tools, and chemical or biological processes or formulations. It is the essence of the secondary sector of the economy.
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When government spending results in higher interest rates due to rising debt, what happens to consumption and investment according to a monetarist economist?
If an increase in spending by the government and/or a decline in tax receipts results in a deficit that is covered by an increase in borrowing, the borrowing may raise interest rates, which would subsequently discourage private investment.
How do government spending and interest rates relate to one another?Macroeconomic models indicate that government spending raises nominal interest rates during normal periods (when the economy is not at the zero lower bound), thus discouraging investment and reducing future economic output. Simple reasoning dictates that excessive demand for resources is caused by government spending.
How does equilibrium change when government spending is reduced?A reduction in government spending would have a direct impact on aggregate demand in an economy, and the aggregate demand would decline by the full amount of the reduction in government spending. Furthermore, the reduction in equilibrium output would be higher than the decrease in government spending.
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a company paid $200,000 ten years ago for a specialized machine that has no salvage value and is being depreciated at the rate of $10,000 per year. the company is considering using the machine in a new project that will have incremental revenues of $28,000 per year and annual cash expenses of $20,000. in analyzing the new project, the $200,000 original cost of the machine is an example of a(n): multiple choice incremental cost. opportunity cost. variable cost. sunk cost. out-of-pocket cost.
The machine's initial cost of $200,000 is an illustration of a Sunk cost used in the analysis of the new project.
Is pay a fixed cost?The cost of hiring personnel is arguably the most prevalent example of fixed cost. As soon as you distribute the money, the wages you pay to employees become sunk costs. All compensation, including sign-on incentives, are considered sunk costs.
Sunk cost effects: what are they?The sunk cost effect is the propensity for people to keep spending money on things that are obviously not working. People frequently continue investing time, energy, or money into trying to fix what isn't working instead of admitting defeat and moving on because it is human nature to desire to avoid failing.
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Anything that an agent obtains by virtue of an agency relationship is theirs to keep.a. Trueb. False
Anything that an agent obtains by virtue of an agency relationship is theirs to keep is a False statement.
Unless expressly permitted by the principal, an agent is not permitted to keep any of the benefits of an agency relationship.
Item Acquisition Through an Agency Relationship: Can an Agent Keep It?The parameters of the agreement between the principal and the agent will determine whether or not an agent is permitted to retain items acquired through an agency relationship. In general, unless expressly permitted by their principal, an agent is not permitted to retain any proceeds from an agency agreement. The terms of the Agreement must permit such allowance for an Agent to retain property.
This is because the agent only acts as the principle's extension when they receive the objects, and the principal always retains ownership of all things acquired through an agency relationship. As a result, unless the principle has given their consent, the agent cannot claim ownership of anything acquired through an agency relationship.
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which leadership approach is likely to backfire when group members lack the skills or training to work autonomously?
When group members lack the abilities or training to work autonomously, laissez-faire is prone to backfire.
What is laissez faire?A laissez-faire economic system prohibits any type of economic intervention (such as subsidies) originating from special interest groups in transactions between private groups of people.
The essential tenets of laissez-faire are as follows: each individual has an inherent right to freedom; the natural order of things is a peaceful, self-regulating system; and the individual is the basic unit of society and the standard of measurement in social calculus.
Market competition should be spontaneous and unforced, according to another fundamental premise of laissez-faire, which was consistently highlighted by the movement's early proponents.
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let’s focus on the second quarter since the change in velocity is so dramatic. during that quarter, the cpi fell by 0.9%, real gdp fell by 9.0%, the money supply rose by 23%, and velocity changed by %. give your answer to one decimal.
There are various indications that the United States may be headed toward a recession as a result of the second period's economy contracting with GDP falling by 0.9%.
According to figures from the U.S. Labor Department issued on December 13, the country's annual inflation rate fell from 7.7% to 7.1% for the 12 months ending in November 2022.
Collectors. Baseball cards, fine art, and wine have historically benefited from inflationary periods when the dollar's value declines. Because they are more likely to maintain their value during times of market instability, investors may gravitate to hard assets during times of high inflation.
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an engineering student must decide whether to pay for auto insurance on a monthly or an annual basis. if paid annually, the upfront annual cost is $2750. if paid monthly, the cost is $250 at the start of each month. what is the rate of return for buying the insurance on an annual basis expressed as an annual effective rate?
The rate of return for buying insurance on an annual basis is 3.2%.
The rate of return for buying insurance varies depending on the type of insurance policy. Generally, insurance policies do not provide a return on investment, but instead offer protection against the financial losses associated with unexpected events.
The amount saved by purchasing the insurance on an annual basis is $2750 - (12 x $250) = $750.
The rate of return can be calculated as (750/2750) x 100 = 27.3%.
The effective rate of return can be calculated as (1 + 27.3%)^(1/12) - 1 = 3.2%.
Therefore, the rate of return for buying insurance on an annual basis is 3.2%.
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sarika(35) is single. her 2020 federal itemized deductions totaled $14,400, of which she claimed $1,000 of state income taxes paid in 2020. she filed her tax return on april 10, 2021, and on may 1, 2021, she received a $1,000 state income tax refund. how much of her 2020 state refund is taxable on her 2021 federal return?
The amount is received as a refund in 2021, it will be treated as income for 2021.
What is Itemized Deduction?Itemized deduction is the amount that taxpayers can deduct from their adjusted gross income to reduce the taxable income. A taxpayer can either use itemized deductions for tax returns or standard deductions. Both the deduction cannot be taken together.
As Sarika has already taken the deduction of a $1000 tax refund in the 2020 income tax return, she is not allowed to take any deduction in the 2021 income tax return. Hence, on the 2021 federal return, the complete amount of $1000 should be taxable as income. As the amount is received as a refund in 2021, it will be treated as income for 2021.
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most benefits that are tax deductible for the firm in its home country are tax deductible outside of the country. group startstrue or falsetrue, unselectedfalse, unselectedgroup ends
Most benefits that are tax deductible for the firm in its home country are tax deductible outside of the country. the statement is false.
What is tax deductible?A tax deduction is a cost that a person or corporation can deduct from their adjusted gross income. This lowers their income and lowers their overall tax burden. Tax deductions, which lower taxable income, are frequently the consequence of costs, particularly those expended to generate more revenue. Along with exemptions and tax credits, tax deductions are a type of tax benefit. I have to pay.There are typically four categories of nonbusiness taxes that are deductible:
international, municipal, and state income taxes.local general sales taxes and state sales taxes.Real estate taxes at the state and local levelsPersonal property taxes both locally and state-wideTo learn more about tax deductible refer to:
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suppose the exchange rate is 90 yen per u.s. dollar and the united states wants to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars , the fed ______.
Suppose the exchange rate is 90 yen per US dollar and the United States wants to keep the exchange rate at a target rate of 90 yen per US dollar. If the demand for US dollars increases, the Fed sells dollars to lower the exchange rate.
In finance, an exchange rate refers to the rate at which one currency will be exchanged for another currency. While most exchange rates are floating and will increase or decrease based on the supply and demand in the market, some exchange rates are pegged or fixed to the value of a specific country's currency. Among Fed duties is that they monitor and adjust their own foreign reserves to maintain the strength of their currency, often referred to as the currency peg. It controls the currency by controlling the supply of money by increasing or decreasing the monetary base. In the provided scenario, the Fed can maintain the target exchange rate by selling dollars to lower the exchange rate.
Note: The question is incomplete. The complete question probably is Suppose the exchange rate is 90 yen per U.S. dollar and the United States wants to keep the exchange rate at a target rate of 90 yen per U.S. dollar. If the demand for U.S. dollars increases, the Fed ______. A. buys dollars to raise the exchange rate. B. sells dollars to raise the exchange rate. C. sells dollars to lower the exchange rate. D. buys dollars to lower the exchange rate.
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if an economy's income is completely equally distributed, then the value of its gini coefficient is . if an economy's income is completely unequally distributed, then the value of its gini coefficient is . 0 ; 1 1 ; 0 0 ; infinity infinity ; 0 suppose the gini coefficient in canada is 0.25 , and the gini coefficient in the united states is 0.37 . which country's income distribution is more evenly distributed? the united states canada more information is needed to answer this question. canada and the united states have the same income distribution.
if an economy's income is completely equally distributed, then the value of its gini coefficient is Zero. if an economy's income is completely unequally distributed, then the value of its gini coefficient is One.
The country that has an income distribution that is more evenly distributed is B. Canada.
What is the GINI Coefficient ?A population's income distribution is measured by the Gini index. Greater inequality is indicated by a higher Gini index, with high earners earning considerably bigger percentages of the total income of the population.
The Gini index may overestimate income disparity and might hide crucial information about income distribution due to data and other restrictions.
The higher GINI coefficient means that there is less equitable income distribution in a country because a country that has its income complete distributed equally would have a coefficient of zero.
Canada has a lower gini coefficient than the United States and so income is more equally distributed there.
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mike's appliances bought a refrigerator for $480. the initial price on the refrigerator was $950, but it was ultimately sold for $825. what were initial and maintained markups, respectively?
The initial markup and maintained markups of mike's appliances are option c) 49.5 per cent and 41.8 per cent.
Initial markup (IMU) gauges how much potential profit is included into inventory's retail price. It is the price differential between what a product costs the vendor and what consumers pay at the retail price. It is frequently mentioned in percentage terms. Maintained markup, The markup on items that are sold to consumers, or the difference between the cost of goods and their real retail price at the time of sale, is known as Maintained markup. It is based on actual sales, not anticipated sales, as well as real events like markdowns at the checkout counter.
Question
mike's appliances bought a refrigerator for $480. the initial price on the refrigerator was $950, but it was ultimately sold for $825. what were initial and maintained markups, respectively?
a. 36.3 percent; 57.0 percent
b. 46.3 percent; 58.2 percent
c. 49.5 percent; 41.8 percent
d. 50.5 percent; 58.2 percent
e. 63.7 percent; 43.0 percent
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3. compare the three treatment groups and recommend the best feeding management system for calves of this size if adg is the most important variable worth considering 4. if you were to conduct this feeding trial again, what changes will you incorporate especially for the group with the least adg?
I would recommend to increase the feeding amount so that ADG value may increase a bit especially for the group with the least ADG.
Continuity and discontinuity are illustrated by the fact that the property of amount can be expressed as a plurality or magnitude. Quantities can be contrasted using the phrases "more," "less," or "equal," as well as by assigning a numerical value that is a multiple of the unit of measurement. One may easily think of quantitative qualities like mass, time, distance, heat, and angle.
A security's price movement over a specific time period to the extent that it supports or contradicts a trader's initial estimate regarding the performance of the security is referred to in trading and investing as a material amount. Any quantity or figure worth mentioning, such as in account balances, financial statements, shareholder reports, or conference calls, can be considered a considerable amount in a more generic sense.
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which of the following costs are variable? cost 10,000 units 30,000 units 1. $100,000 $300,000 2. 40,000 240,000 3. 90,000 90,000 4. 50,000 150,000 group of answer choices 1 and 2 1 and 4 only 1 only 2
Only cost 1 and 4 are the variable cost.
Cost 1 is $100,000 and $300,000
Cost 4 is $50,000 and 150,000
Given:
The information in this query is combined.
together. As a result, they are arranged before
addressing the question as follows:
Of the following expenses, which one is variable?
The following is the explanation of the response:
follows:
Variable costs are costs that vary per unit.
remains constant regardless of exercise intensity.
Variable cost can be computed as follows:
Total cost / Number equals variable cost per unit.
..........of unit (1)
The variable costs for this inquiry can be
based on the following guidelines:
Rule 1. Variable costs are those whose per-unit costs are never the same.
Rule 2. when the cost per unit varies.
These costs are fixed costs.
Rule 3. They are fixed costs if the overall expense is constant.
Then, these guidelines are implemented utilising
For cost 1:
Cost per unit of 10,000 units = $100,000/
10,000 units = $10
30,000 units at a cost of $300 each
30,000 units = $10
Cost 1 is a variable cost in accordance with Rule 1.
For cost 2:
Ten thousand units cost $40,000. Ten thousand units cost $4.
30,000 units at $240,000 per in cost
30,000 units = $8
Rule 2 states that Cost 2 is not a variable.
cost.
For cost 3:
Given that the two costs total $90,000 each,
As a result, Cost 3 is a fixed cost under Rule.
3.
For cost 4:
10,000 units at a cost per unit of $50,000.
10,000 units = $5
30,000 units at a cost of $150 each
30,000 units = $5
Expense 3 is a variable cost in accordance with Rule 1.
According to the calculation only cost 1 and 4 are variable cost.
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why is it important for insurance companies to have a large risk pool of people paying premiums?
It is important for insurance companies to have a large pool of people paying premiums to spread the risk of potential claims
Having a large risk pool is important for insurance companies because it helps to spread the risk of potential claims across a larger group of people. This can help to prevent any one individual from having to bear the full cost of a particularly costly claim. It also helps to ensure that the insurance company has a steady stream of premium income to pay for the claims of policyholders.
A risk pool that is bigger than it is is tremendously beneficial since it would make premiums more stable and predictable. Because the expense of medical treatment may be considerable and result in significant costs, pooling is quite advantageous. By pooling risks, it would be possible to assure that those in need could pay for it when necessary. Thus, the larger the risk pool, the more stable the insurance company is likely to be, which can help to provide peace of mind to policyholders.
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an unambiguous description of each type of data that applies to all business circumstances and users is called a(n):
An unambiguous description of each type of data that applies to all business circumstances and users is called an definition.
What is data ?In the quest of knowledge, data is a collection of discrete values that communicate information, describing amount, quality, fact, statistics, other fundamental units of meaning, or just sequences of symbols that may be further understood. A datum is a unique value included within a group of data. Data in computing refers to information that has been transformed into a format that is effective for transmission or processing. Information that has been converted into binary digital form for usage with contemporary computers and communication devices is referred to as data. Data may be used as a solo or plural topic.Text, observations, figures, pictures, numbers, graphs, and symbols are all examples of data types.Data is a systematic record of a specific quantity.To the complete question is;
An unambiguous description of each type of data that applies to all business circumstances
and users is called a(n):
A) name.
B) descriptor.
C) identifier.
D) definition.
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briefly explain how a budget deficit arises and what corresponding action is typically by taken by a government in this type of circumstance.
When the federal government spends more than it collects in taxes in a given year, it runs a budget deficit.
What is budget?A budget is a calculation plan, normally however now no longer usually economic, for a described period, regularly twelve months. A budget is a economic record used to task destiny earnings and expenses. To placed it simply, a budget plans destiny saving and spending in addition to deliberate earnings and expenses. The 3 kinds of annual Government budgets primarily based totally on estimates are Surplus Budget, Balanced Budget, and Deficit Budget. The budget of a central authority is a precis or plan of the predicted resources (regularly however now no longer usually from taxes) and fees of that authorities. There are 3 kinds of authorities budget : the running or modern-day price range, the capital or funding price range, and the coins or coins glide price range. A budget is a calculation plan, normally however now no longer usually economic, for a described period, regularly twelve months or a month.To learn more about budget from the given link :
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