In 2022, Kevin earned a salary of $140,000 from an employer. In FICA taxes will Kevin have withheld from the salary is $ 10,567.40.
What do you mean by the FICA taxes?The Federal Insurance Contributions Act is referred to as FICA. According to this law, taxes must be deducted from employees' paychecks in order to pay for the Social Security and Medicare systems. The FICA tax affects companies and employees alike.
In 1935, the legislation that established the FICA tax was passed. The money is utilized to offer working Americans a retirement savings and insurance scheme.
The main source of funding for Social Security benefits, according to Cincinnati-based certified financial planner Ben Dobler of Stewardship Financial Counsel, is FICA taxes. FICA taxes are also used to fund Social Security and the Medicare programme.
Therefore, in 2022, Kevin earned a salary of $140,000 from an employer. In FICA taxes will Kevin have withheld from the salary is $ 10,567.40.
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the american cancer society has issued an rfp to fund preventive health initiatives in your community. your organization is planning to submit a proposal. which type of proposal is most appropriate in this situation? formal informal
Your organization is planning to submit a proposal. The type of proposal is most appropriate in this situation: A formal report may be defined as a document in which a writer - solves a problem.
A company is a prison entity shaped by using a group of individuals to interact in and perform an enterprise—business or commercial—organization. An enterprise can be organized in diverse approaches for tax and financial liability purposes relying on the corporate law of its jurisdiction.
There are 3 commonplace kinds of corporations—sole proprietorship, partnership, and organization—and each comes with its very own set of benefits and downsides. In easy terms, the reason for an enterprise is to have a significant imagination and prescient after which to be worthwhile in accomplishing it. And we should qualify “profitable”: profitability means long-time period sustainable returns, and each word in that phrase is vital.
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you are planning to finance your start-up with a bank loan of $400,000 and equal contributions of $50,000 each in cash from a group of partners. you need $1.2m for the start-up. how many partners, including yourself, do you need to recruit?
You are planning to finance your start-up with a bank loan of $400,000 and equal contributions of $50,000 each in cash from a group of partners then there would be 16 partners
Assume that you need to get P partners to launch your business.
Each partner would contribute $50,000 toward the loan, which totals $400,000.
The total need will be 1.2M, which will be 1.2..
It would be expressed as the following mathematical equation:
Total = loan + partners' contribution
1.2. = 4. + 5.P
5.P = 1.2. - 4.
The numbers must now be entered using the same mathematical equation in order to be subtracted:
5.P = 12. - 4.
P = 16
So, 16 partners would be required to raise the $1.2M startup cost. You need to find 15 partners because you're one of them.
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when entering into an income based repayment plan option, a student must contact their ________ to select the repayment plan option
When entering into an income based repayment plan option, a student must contact their Student loan service provider to select the repayment plan option.
What does a Loan Service mean?
A loan service is a type of financial service that makes loans available to individuals or businesses. Banks, credit unions, and other financial institutions, as well as private lenders, can provide loan services. Loan services can offer a wide range of loan types, including personal, business, student, and home loans. Loan services typically include assessing a borrower's creditworthiness, which may include a credit check, as well as negotiating repayment terms.
What does creditworthiness mean?
Creditworthiness is the likelihood that a borrower will be able to pay back a loan or other form of credit. It is determined by looking at factors such as the borrower's credit history, income, debt-to-income ratio, and other financial information. A lender will use a borrower's creditworthiness to decide whether or not to approve a loan and at what terms.
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The following relates to a proposed equipment purchase: initial investment $ 144,000 salvage value $ 4,000 estimated useful life 4 years annual net cash flows $ 46,100 annual depreciation expense $ 35,000 the annual income amount used to calculate the accounting rate of return is:.
The annual income amount used to calculate the accounting rate of return is $11,100.
Accounting Rate of Return or ARR is the expected average net income of an asset divided by its average capital costs. ARR is used to make a capital budgeting decision. ARR allows a company to evaluate whether or not an asset is worth for investment based on the future net earnings expected compared to the capital cost. ARR could be formulated as:
ARR = Average Net Profit
Average Investment
Based on the case, we know that:
Investment = $144,000
Salvage value = $4,000
Estimated useful life = 4 years
Annual net cash flows = $46,100
Annual depreciation expense = $35,000
Annual income amount ?
To find the annual income amount, we will use annual net cash flows and annual depreciation expense data. The annual income amount is:
Annual income amount = Annual net cash flows - Annual depreciation expense
Annual income amount = $46,100 - $35,000
Annual income amount = $11,100
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how might a project manager better understand the selection factors that led to a specific international location?
A project manager better understand the selection factors that led to a specific international location by developing a risk matrix at the project site level.
What is risk matrix?
During risk assessment, a risk matrix is a matrix that is used to determine the amount of risk by balancing the categories of chance or likelihood and consequence severity. This is a straightforward method to make hazards more visible and aid management in making decisions.
The possibility that the risk event will occur and the possible impact that it will have on the business are two intersecting aspects that form the basis of the risk matrix. In other words, it's a tool that enables you to see how likely a risk is compared to how serious it is.
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copyrights and patents are examples of barriers to entry that create monopolies question 2 options: true false
It's true that monopolies are created by entry obstacles like copyrights and patents.
According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service. This contrasts with oligopoly and duopoly, which include a small number of vendors controlling a market, and monopsony, which refers to a single entity's dominance of a market to buy a good or service. Monopolies are thus defined by a lack of viable substitute products, a lack of economic competition to produce the good or service, and the potential for a high monopoly price that is substantially beyond the seller's marginal cost and generates a high monopoly profit. When a firm monopolises something, it means to take control of it completely.
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Why is it difficult to compare the financial statements of a U.S. company with those of a company in India or Germany? And How would McDonald’s benefit if IFRS were adopted for use in all countries worldwide?
Due to the fact that each accounting authority has its own set of rules, standards, and principles, it is challenging to compare the financial statements of US companies with those of German or Indian businesses.
The accounting professionals take this into account and approve them. The term "GAAP" refers to a collection of accepted common and economic reporting standards.
The goal of GAAPs is to provide a basic degree of uniformity in the financial statements of all distinct businesses. It enables internal consumers of financial statements to quickly understand and decipher a company's accounting.
The International Accounting Standard Board (IASB) created and maintains the unified set of accounting standards known as IFRS. The objective is to enhance, maintain, and implement these standards through industrialized, emerging, and growing economies on a dependable worldwide foundation.
Because publicly traded firms like McDonald's are publicly traded, investors and other consumers of financial statements may evaluate and compare their financial performance to that of their foreign competitors.
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When prices of outputs in an economy become sufficiently high, causing production to exceed potential GDP, the results is that
a) higher wages will encourage workers to take more leisure time
b) the long run aggregate supply curve will shift to the right
c) hyper-intense production will be unsustainable in the long run
d) lower prices will lead to a lower quality of demand
When prices of outputs in an economy become sufficiently high, causing production to exceed potential GDP, the results is that hyper-intense production will be unsustainable in the long run.
A rightward shift in the AS curve occurs when potential GDP rises together with aggregate supply. Additionally moving to the right is the potential GDP line. When there are a change in the money wage rate or other resource prices, the AS curve moves, and the short-run aggregate supply changes.
Controlling how much inflation has an impact on the economy is one of the applications of the GDP. Real GDP growth will increase (reduce) if it is greater (lesser) than the potential growth rate, which will also impact nominal rates and bond prices.
Hence the correct option is C
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Label the following headings, line items, and notes with the numbers 1 through 13 according to their sequential order in preparing a statement of cash flows.
A. "Cash flows from investing activities" title
B. "For period Ended date" heading
C. "Cash flows from operating activities" title
D. Company name
E. Schedule or note disclosure of noncash investing and financing transactions
F. "Statement of Cash Flows" heading
G. Net increase (decrease) in cas $ #
H. Net cash provided (used) by operating activities $ #
I. Cash (and equivalents) balance at prior period-end $ #
J. Net cash provided (used) by financing activities $ #
K. "Cash flows from financing activities" title
L. Net cash provided (used) by investing activities $ #
M. Cash (and equivalents) balance at current period-end $ #
The line items and notes with the numbers 1 through 13 according to their sequential order in preparing a statement of cash flows goes as follows:
A. "Cash flows from investing activities" title - 6B. "For period Ended date" heading - 3C. "Cash flows from operating activities" title - 4D. Company name - 1E. Schedule or note disclosure of noncash investing and financing transactions - 13F. "Statement of Cash Flows" heading - 2G. Net increase (decrease) in cas $ # - 10H. Net cash provided (used) by operating activities $ # - 5I. Cash (and equivalents) balance at prior period-end $ # - 11J. Net cash provided (used) by financing activities $ # - 9K. "Cash flows from financing activities" title - 8L. Net cash provided (used) by investing activities $ # - 7M. Cash (and equivalents) balance at current period-end $ # - 12.What is a cash flow statement?
In accounting, a cash flow statement is a financial statement that shows how changes in balance sheet accounts and income affects the cash and cash equivalents and as well, breaks down the analysis to operating, investing and financing activities.
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Why can rapid inflation be harmful?
The most obvious effect of inflation is how it affects your purchasing power. If you can't buy as many goods and services as before inflation hit, your quality of life will eventually decline.
The inflation is measured by the Consumer Price Index (CPI) and at low levels it keeps the economy healthy. But when the inflation rate rises rapidly, it can lead to lower purchasing power, higher interest rates, slower economic growth, and other negative economic effects. Inflation will affect savers and fixed-wage workers. Inflation will benefit heavily indebted people, who, with rising prices, will find it easier to repay.
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What are key terms and definitions?
Key Terms means the portion of a Cover Page that includes the key legal details and definitions for certain Agreement or thesis that are not defined in the Standard Terms. The Key Terms may include details about Covered Claims, set the Governing Law, or contain other details about the Agreement or thesis.
The primary terminologies used in the thesis are called key terms. For instance, the important terms in a thesis on how branding, loyalty, and contentment affect consumers' purchasing decisions could be branding, loyalty, satisfaction, and consumers' buying habits.
Thesis research involves many complex elements. Every chapter in a thesis serves a different purpose which simplifies these elements.
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according to the forecast, which of the following is an accurate conclusion?: * (a) the events of snow and hail are independent (b) the events of snow and hail are disjoint (c) either snow or hail will definitely occur (d) the events of snow and hail are complementary
According to the forecast the events of snow and hail are independent.
The weather and climate are not independent. The disarray comes from weather and climate being personally associated with one another, and this disarray is many times featured in conversations about our evolving climate. Weather and climate are not independent. The midpoints of day to day weather are utilized to screen climate. Changes in climate lead to changes in weather examples including limits. A simple method for recalling the thing that matters is that climate is what you anticipate, similar to a warm summer, and weather is what you get, similar to a cool day in August. Our people group and ranches are impacted by more limited weather occasions. Their drawn out maintainability is impacted by climate and climate fluctuation ascribed to regular cycles and human exercises.
The weather and climate are interwoven. After some time, the weather structures the climate and impacts the climate (soil, hydrology, plants, and creatures), and monetary suitability of our human frameworks.
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the three major types of economic systems are . group of answer choices capitalism, planned economies, and mixed economies individualism, developing economies, and duopoly collectivism, developed economies, and oligopoly ethnocentrism, cultural relativism, and polycentrism
The three major types of economic systems are capitalism, mixed economies, and developed economies.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, with labor paid only wages.
A mixed economy is an economy organized with some free-market elements and some socialistic elements, which lies on a continuum somewhere between pure capitalism and pure socialism.
Countries with relatively high levels of economic growth and security are considered to have developed economies. Common criteria for evaluation include income per capita or per capita gross domestic product.
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the organization responsible for conducting monetary policy in the united states is the: a. federal reserve system. b. federal monetary control authority. c. council of economic advisors. d. federal trade commission.
The organization responsible for conducting monetary policy in the United States is the federal reserve system. The correct answer would be option A.
The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire world and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable and stable financial and monetary system. The board of the Fed is made up of seven members. Additionally, there are 12 Federal Reserve banks, each of which is led by a different district's president.
The Fed is the main regulator of banks that are participants in the Federal Reserve System and has considerable authority to take action to promote financial stability. It serves as the member institutions' lender of last resort when they have nowhere else to turn for financing. Its responsibility is to guarantee the system's financial stability. Additionally, it oversees the nation's monetary policies and serves as the primary regulator of the financial institutions in the nation.
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what is the short-run effect on output and the price level of the fed pursuing expansionary monetary policy?
Lower interest rates decrease the cost of borrowing money, which encourages consumers to increase spending on goods and services and businesses to invest in new equipment are effects of expansionary monetary policy.
Monetary policy is often that countercyclical tool of choice. Such a countercyclical policy would lead to the desired expansion of output, but, because it entails an increase in the money supply, would also result in an increase in prices.
In particular, when money supply increases, it is obtained a short-run positive correlation between the quantity of money and output that vanishes in the long-run, a log-run positive relationship between inflation and growth of money supply, and a nominal interest rate decrease in the short-run.
Expansionary monetary policy is when a central bank uses its tools to stimulate the economy. That increases the money supply, lowers interest rates, and increases demand. It boosts economic growth.
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What according to you are the factors that can hamper the profit growth related with the project?
According to you are the factors that can hamper the profit growth related with the project an increase in costs will decrease profits.
The profit growth is the combination of profitability and growth, more precisely the combination of economic profitability and growth of free cash flows.
Profitable growth is aimed the financial community; it emerged in the early 80s when shareholder value creation became firms main objective.
An increase in costs will decrease profits; this could include labor costs, raw material costs and cost of rent.
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a lender is in the practice of restricting the number of loans or the loan-to-value ratio in certain areas of a community. this is a violation of fair housing law and is called
"Redlining" is the practice of a lender of limiting the quantity of loans available; this is against the fair housing law.
Which loan kind will quickly and significantly reduce the principal balance?Illumination: A loan's principle is fully repaid and equity is built up more quickly the shorter its tenure. The LARGEST and SPEEDIEST principle reduction would be achieved with a multiyear loan at the a 13% interest rate.
There are four crucial steps that must be taken when a lender processes a loan:There are four crucial steps that must be taken when a lender processes a loan. Analyze the borrower's capacity for loan repayment. Determine the estimated value of the asset serving as loan collateral. Examine the title's marketability by doing some research.
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a trader who has a position in oil futures believes the price of oil will in the future. a. short; increase b. long; increase c. short; stay the same d. long; stay the same
A trader who is long oil futures anticipates an (a) short increase in oil prices in the near term.
How can we interpret oil futures?
Transactions for oil futures entail the transfer of a specified quantity of oil for a specified price on a specified date. They are exchange-traded and serve as a barometer of the interest in different kinds of oil. A popular way to speculate on and purchase oil is through oil stocks, which also let you exchange increasing and decreasing costs.
The best way to trade energy stocks
Two frequently incompatible qualities are required to trade oil futures: bravery and endurance (in addition to a large cash flow).
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Employers who provide health insurance to their employees must ensure that the employees’ health information is not disclosed to unauthorized parties.
a. Trueb. False
It is true that employers who provide health insurance to their employees must ensure that the employee’s health information is not disclosed to unauthorized parties.
Confidentiality agreement (NDA)All the health information of each employee is confidential. For this reason, employers must sign a confidentiality agreement (also called a nondisclosure agreement or NDA) with insurance companies to guarantee their due protection.
In addition, both the employer and the insurance company must train the employees who handle this information, so that they do not disclose private information of the employees to unauthorized parties, even to people within the organization.
Breaching a confidentiality agreement can lead to serious legal consequences such as lawsuits, loss of business relationships, and termination of employees.
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John and loretta smith are in the 28% tax bracket. Their joint taxable income is $134,899. If the first $16,050 is taxed at 10%, with the remainder at 28%, how much tax will they owe?.
According to the provided statement, they will owe this amount of tax. 34,882.72.
What does taxable income mean?Income that is taxable and distinguished by accrual of a benefit or gain to the taxpayer. Specifically: the entire amount of income left over after all permitted deductions have been taken to gross income for a certain period to be used as the basis for taxes.
How much money is subject to taxation?The gross income cutoff for reporting taxes ranges from $12,550 to $28,500 for the 2022 tax year, depending on your gender, filing status, and dependents. If you earn $400 or more through self-employment, you must record your earnings and submit taxes.
Briefing:0.10×16,050+0.28×(134,899−16,050) =34,882.72
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what are 3 examples that you can think of when someone would have to rely on long term disability insurance?
In the event that an illness or injury prevents you from working, disability insurance can replace your income. The majority of disability claims are not due to workplace accidents, but rather to disease, cancer, pregnancy, and depression.
What might possibly motivate someone to choose long-term disability insurance?Most people should choose long-term disability since it lowers the likelihood of facing financial hardship in the event of incapacity. If you don't have insurance, it may be challenging to pay your bills, support your family, and put money down for retirement during that time without a paycheck. Policies for long-term disability income offer lengthy benefit durations of two years or longer, or until the insured turns 65. 60 to 80 percent of the insured's income is the benefit amount. The elimination window is between 30 and 180 days.
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which of the following is not a potential drawback of an erp system? group of answer choices the implementation may require a company to change its normal operations. training employees on the use of the new software can be expensive. it does not incorporate inventory control decisions. the software is costly to customize.
C: 'it does not incorporate inventory control decisions' is not a potential drawback of an ERP system.
Enterprise resource planning (ERP) refers to a platform that companies use to manage and integrate the necessary parts of their businesses. Many ERP software applications are critical to businesses because they help them implement resource planning by integrating all the processes required to run their companies with a single system. An ERP system can also integrate planning, sales, marketing, finance, purchasing inventory, human resources, and more.
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machine-to-machine (m2m) communication refers to which of the following? group of answer choices connected devices interacting without human intervention using values or algorithms to provide data-backed decision options the application of scientific knowledge to efficiently solve real-world problems a decentralized recordkeeping technology a procedure that helps organizations evaluate the possible effects that new processes, systems, and products will have on business operations and stakeholders
For automatic data transfer and measurement between mechanical or electrical equipment, machine-to-machine (M2M) connections are utilized.
What are machine-to-machine communications?The next wave of the Internet revolution will connect an increasing number of devices to the Internet through machine-to-machine communications, or M2M/IoT. Automated applications that involve machines or devices connecting across a network without human involvement are referred to as M2M communications.
The machines communicate with one another over wireless networks using telemetry or telematics. Each machine's data can be sent to and received through wireless networks.
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if you‘re , you can’t afford to pay your house payment or rent and your other bills.
If you are home poor, you are unable to pay your mortgage, rent, and other expenses.
What does paying mean?Giving someone money to complete a task or pay off a debt is referred to as paying them. Pay is another word for exchanging money for something. Salary or wages are another definition of compensation. There are many different verbal and noun situations where pay can be utilized. Paying a bill or indeed a debt entails doing something like collecting you casual dining check or your gas payment.
How does pay a buddy work?You may immediately move funds to anybody with the new Pay a Friend tool in Online Banking! To divide a check, pay an allowance, or send birthday greetings, use Pay a Friend.
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when you think about where you‘ll live after you graduate, what monthly living expenses do you think you‘ll have?
Monthly living expenses comprises typical outgoings like energy, automobile, and rent or mortgage payments.
Includes the fluctuating amount spent on groceries, clothing, and haircuts each month. Fixed expenses are those that fall within the same monthly budget. We're talking about the price of streaming services as well as life and health insurance, gym dues, and mortgage and rent payments.
Spending too much on items you don't need can be avoided by allocating 50% of your income to essentials and 30% to necessities. Rent, a mortgage, utilities, groceries, and clothing are examples of expenses that are necessities. Rent is one of the typical essential living costs for an individual.
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forecasting the intensity of a typhoon is harder than forecasting its track. forecasting the intensity of a typhoon is harder than forecasting its track. true false
'Forecasting the intensity of a typhoon is harder than forecasting its track.
This statement is true.
Forecasting is the process of making predictions based on past and current data. Later you can compare these to what is actually happening. For example, a company may estimate revenue for the next year and compare it to actual results. Forecasting is a similar but more general term.
Forecasting is the technique of using historical data as input to make forward-looking, informed estimates in determining the direction of future trends. Businesses use forecasts to determine how to allocate budgets and how to plan expected expenses for the next period.
Forecasting is the process of projecting past sales demand into the future. By implementing a forecasting system, you can quickly assess current market trends and sales and make informed operational decisions. You can use forecasts to make planning decisions regarding: stock.
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the market capitalization rate on the stock of aberdeen wholesale company is 10%. its expected roe is 12% and its expected eps is $5.00. if the firm's plow-back ratio is 50%, its p/e ratio will be .
If the firm's plow-back ratio is 50%, its p/e ratio will be = 14.29.
The definition of a 'firm' inside the subject of economics is any agency that seeks to make earnings through manufacturing or promoting products or services – or both – to consumers. as an instance, one of the most commonplace makes use of this term is for 'regulation corporations,' which commonly promote offerings in relation to the regulation.
A company is a for-profit enterprise, commonly fashioned as a partnership that provides professional offerings, which include prison or accounting services. The concept of the company posits that firms exist to maximize income.
The PE ratio is computed as follows:
= (1 - Blowback ratio) / (market capitalization rate - growth rate)
the growth rate is computed as follows:
= plow back ratio x ROE
= 0.60 x 0.12
= 0.072
So, the PE ratio will be as follows:
= (1 - 0.60) / (0.10 - 0.072)
= 0.40 / 0.028
= 14.29
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What is phishing?
a
Phishing is a business model that recruits members via a promise of payments or services.
b
Phishing is a fraudulent attempt to obtain sensitive information such as usernames, passwords and financial information via electronic communication.
c
Phishing is a fraudulent attempt to take over or delete your presence on social media.
d
Phishing is a fraudulent attempt to deposit funds into an FDIC insured bank account for later use.
when the demand for new homes decreases, the demand for construction workers who build homes decreases. this relationship illustrates the concept of
When the demand for new homes falls, so does the demand for construction workers who build houses. This relationship exemplifies the idea of derived demand.
What are the types of derived demand?Three categories of derived demand exist: labor, raw resources, and processed materials. The path of derived demand refers to these elements.
Raw materials are necessary components utilized in the creation of a finished good. Crude oil and lumber are two examples of raw materials used in the construction of new dwellings and products based on petroleum.
Processed Materials: The above mentioned smartphone case is an illustration of a derived requirement for processed materials.
Labor: On a larger macro - economic level, the demand for human workers is generated by virtually every industry that requires labor to produce the good or service it intends to sell to a market. There wouldn't be a need for workers if there wasn't a market for goods and services to create them.
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ussr was investing larger percentage of their gdp than the us after the world war ii. as a result (a) ussr could not keep its higher growth rate for ever; (b) people in the ussr don't necessarily enjoy higher consumption even in the long run. which of the above two statement(s) is/are correct? group of answer choices both just (a) just (b) neither
Investing larger percentage of their gdp than the us after the world war After World War I, tensions between the United States and the Soviet Union were caused by a variety of circumstances. The correct option (a) just.
Extreme mistrust, the growth of communism, the Soviet Union's annihilation of capitalism, and other circumstances are a few among them. However, the fact that the economies of the US and the USSR were built on distinct systems and principles was the main cause of conflict between the two countries after the Second World War. These elements combined to produce a scenario between the two that resembled war.
The first source of the conflict was the issue of what to do with Germany. Out of concern for its own security, the Soviet Union was against the rebirth of a powerful German state. In response to the US and its allies' decision to establish the Federal Republic of Germany, Joseph Stalin established the German Democratic Republic, a communist state. The economic recovery in Europe was significant source of tensions; Washington believed that economic hardship and poverty might facilitate the spread of communism.
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