The population of the country is 200,000.The per capita real gdp is $40000.
Explanation:GDP =Real GDP/Population of the Country.
=8000000000/200000
=$40000
What is GDP?The average of the nation's economic production divided by the total population is calculated using the GDP per capita calculation. In other terms, it is the distribution of the gross domestic product (GDP) equally among all citizens to indicate the level of living in the nation. can calculate a country's economic output taking into account its population and person count.The formula splits the country's Gross Domestic Product, GDP, total population, and number of people. That would be a more accurate way to gauge a country's standard of life.Nominal GDP can also be used if a single point in time is being considered. Real GDP would also make more sense when one analyses the timing.To learn more about GDP refer to:
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Which ONE of the following statements describes MANAGERIAL accounting BETTER than it describes financial accounting? Has standardized information requirements Includes budget and forecast data Is disseminated to the public O is subject to an independent external audit
Includes budget and forecast data describes managerial accounting better than it describes financial accounting.
Two of the four main accounting subfields are managerial accounting and financial accounting (e.g. tax accounting and auditing are others). The financial and managerial accounting systems differ significantly, although sharing many approaches and practices. These variations mostly relate to compliance, accounting principles, and target markets.
Since the intended aim of managerial accounting is to support internal users within the organization in making informed business choices, it varies from financial accounting.
The primary goal of managerial accounting is to generate practical data for internal use by a business. While financial accounting also has some benefits within a corporation, its primary focus is on providing information to clients and customers.
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an instrument with an unconditional written promise to pay, or pay to the order of another party, a certain sum of money on demand or at a definite time is known as a:
A negotiable document could well be given directly to several or more account holders simultaneously, separately to each of two payees, or to all of the payees combined.
(1) A check, bill of trade, or promissory note that is receivable to purchase or to the recipient are all considered "negotiable instruments."
Different forms of negotiable instruments. Promise letters. invoice for exchange. Paychecks.
What is law governing negotiable instruments?
As used in this Act, "negotiable instrument" refers to a check, bill of exchange, or promissory note. A invoice of exchange is a negotiable contract written and delivered by another drawer that authorizes the attention and scrutiny to repay the payee or holder an agreed-upon amount unilaterally at a specified date in the future.
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which of the following is not a component of motivation? (a) a set of energetic forces that originate within and outside an employee (b) direction (i.e., what you do) (c) intensity (i.e., how hard you do it) (d) persistence (i.e., how long you do it) (e) none of the above
(b) direction (i.e., what you do) is not a competent of motivation.
The urge to act in support of a goal is what motivates people. It is essential to establishing and achieving our goals. One of the factors influencing human behavior is motivation. It encourages rivalry and fosters interpersonal relationships.
Depression and other mental diseases might result from its absence. The desire to keep making progress toward a life with meaning, purpose, and worth living is a component of motivation.
Different things can serve as sources of motivation. People may be driven by outside rewards, such as the desire to labor for pay, or by internal pleasures, such as the desire to produce art in one's free time.
Curiosity, autonomy, affirmation of one's identity and views, building a positive self-image, and the desire to prevent prospective losses are further sources of motivation.
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suppose you wish to invest money safely and are trying to decide between stock options in two companies. the average rates of return are the same for both companies but, one company has a much larger standard deviation on its rates of return. which company should you invest in in order to minimize your risk of losing money?
I would prefer to invest in a company with a smaller value of the standard deviation of its return rate in order to minimize the risk of losing.
The following information key point should be considered when selecting a compnay:
A smaller standard deviation indicates less deviation from the average return.In the case of less deviation, there exists a low level of risk of a large upside as well as a low level of risk of downside.Now If you are a risk-averse investor, then a large downside is what you really want to avoid.Hence, I will prefer choosing the company with a lesser standard deviation because it has less risk.You can learn more about standard deviation at
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preset costs for delivering a product or service under normal conditions are called costs.
a. true
b. false
It is true. Preset costs for delivering a product or service under normal conditions are called costs.
This includes the expenses associated with:
LaborMaterialsOverhead costsWhat are Costs for Delivering a Product or Service?Costs are preset expenses associated with delivering a product or service under normal conditions. These costs include:
Labor costs are the wages paid to employees to produce the product or service. Materials costs are the costs of the raw materials used in the production of the product or service. Overhead costs are the costs associated with running the business, such as rent and utilities.All of these costs are taken into account when setting the price of a product or service.
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compare and contrast the similarities and differences between a natural monopoly and a government monopoly. explain how they are alike and describe what makes them different.
A natural monopoly is a market that runs most efficiently when one large firm provides all of the output. Governmental monopolies, on the other hand, consist of several firms. The creation of a monopoly by the government.
A natural monopoly is a sort of monopoly that often develops as a result of high startup costs or considerable economies of scale associated with conducting business in a particular industry, both of which can create significant barriers to entry for potential competitors. A business with a natural monopoly could be the sole supplier of a good or service in a sector or region. Industries that depend on specialized technology, raw materials, or other elements may become natural monopolies.
E-commerce is incompatible with a monopoly on communications by the government. Despite the government's 50-year monopoly on space exploration, the private sector can also participate.
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The process through which new employees learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization is
a. attraction-selection-attrition.
b. organizational socialization.
c. mentoring.
d. assessment.
Organizational socialization is the process through which new workers develop the attitudes, knowledge, skills, and behaviors necessary to perform effectively within a company. Thus, option B is correct.
What is the organizational socialization?The process through which employees learn about, adjust to, and modify the information, skills, attitudes, expectations, and behaviors required for a new or changing organizational job is known as organizational socialization.
Organizational socialization is the process through which new employees acquire the attitudes, knowledge, skills, and behaviors required to function effectively inside an organization.
Therefore, to socialize new employees into becoming organizational insiders is called as organizational socialization. Option B is correct.
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the payback period for a proposed $150,000, $10,000 salvage value, equipment purchase with an average expected annual after-tax benefit (aeaatb) of $20,000 is:
The payback period for a proposed $150,000, $10,000 salvage value.The payback period determines how long it will take for a project's total cash flows to recoup the amount invested in it. Investment / cash flow = payback period Net income plus depreciation costs equal cash flow.
Depreciation costs calculated using a straight line
(Cost of Asset - Salvage Value) / Years = Depreciation Expense.Cash flow = $150,000 + $85,000 = $235,000 ($520,000 - $10,000)/6.
$520,000/$235,000 = 2.2 years
B. ($380,000 - $20,000) /8 = $45,000
$45,000+ $60,000 = $105,000
$380,000/ $105,000 =3.6 year
The time it will take for a project's cumulative cash flows to cover the money invested in it is calculated as the payback period.Return on Investment = Investment / Annual Cash Flows Cash flows are used to calculate the payback time. In order to convert net income to cash flows, depreciation must be added back. For the initial device.(Cost of asset - salvage value) / number of years ($520,000 - $10,000) /6=$85,000 is the straight line depreciation expense.
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accurate and timely information is the foundation of effective marketing, especially of the marketing concept. t or f
Accurate and timely information is the foundation of effective marketing, especially if the marketing concept given statement is true.
Why is accurate information crucial for business?Information is crucial to the company because it promotes increased effectiveness and efficiency. Businesses must be able to quickly access a variety of information since they are continuously seeking novel methods to save costs and boost revenues.
What information is reliable and timely?Corporate executives need timely and accurate data to make wise decisions and put their company in the best possible position to lessen the effects of the crisis.
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How do you detect a tamper?
Tamper is detected by some techniques include sensors and switches to detect the opening of doors.
Tamper is an interfere with something in order to cause damage or make some unauthorized alterations. Example, Someone tampered with the brakes of my car.
Techniques used to detect tampering may include any or all of the following : switches to detect the opening and closing the doors or access covers, sensors to detect changes in light or pressure within the device, or a barrier or matrix to detect drilling or penetrating the device boundary.
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What is the maxing out method?
The maxing out method is a budgeting technique where a person allocates all of their income towards their expenses and savings goals, in order of highest priority.
This method ensures that all expenses and savings goals are prioritized and met, with no money left over. For example, a person might allocate their income towards rent, utilities, food, and other necessary expenses first, and then whatever is left over goes towards savings and other financial goals.
The maxing out method is a method of goal setting or decision making used to identify the best possible outcome or decision.
It involves listing all of the possible options, then selecting the best possible option based on the criteria or situation that have been established.
Maxing out method requires thorough research into the different options and a thorough understanding of the criteria that should be considered.
This method can be used to evaluate different career paths, investments, and other decisions that have long-term consequences.
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determine the due date and the amount of interest due at maturity on the following notes. assume 360 days per year. item date of note face amount interest rate term of note a. october 1 $21,000 8% 60 days b. august 30 9,000 10% 120 days c. may 30 12,000 12% 90 days d. march 6 15,000 9% 60 days e. may 23 9,000 10% 60 days item due date interest a. $fill in the blank 2 b. $fill in the blank 4 c. $fill in the blank 6 d. $fill in the blank 8 e. $fill in the blank 10
The determination of the due date and the amount of interest due at the maturity of the following notes are:
Due Date Interest
a. Nov 29 $280
b. Dec 28 $300
c. June 28 $360
d. May 4 $225
e. July 21 $150
How are the due dates and interests computed?For the due dates, we add the terms of the notes to their calendar dates.
The due dates represent when the maturity of the notes occurs for repayment of principal and interest.
The interest due is computed by multiplying the principal by the interest rate and term of note divided by 360 days.
Year = 360 days
Item Date of note Face Interest Term Due Date Interest
Amount Rate
a. October 1 $21,000 8% 60 days Nov 29 $280
b. August 30 9,000 10% 120 days Dec 28 $300
c. May 30 12,000 12% 90 days June 28 $360
d. March 6 15,000 9% 60 days May 4 $225
e. May 23 9,000 10% 60 days July 21 $150 ($9,000 x 10% x 60/360)
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in the philippines, much of the country's municipal solid waste is disposed of in open dumps or in bodies of water near urban areas. as a result, the environment surrounding the dumpsites is heavily impacted and a source of concern for human and environmental health. often, over half of the waste is organic, and another significant portion is composed of material resources that could be recycled. knowing that the philippines has a growing population that is proving difficult to adequately feed, what waste management approach could help in this problem?
Composting organic waste should be used to boost agricultural output in the Philippines, where an increasing population is making it harder to effectively feed them.
What is organic waste?Any material that is biodegradable and comes from a plant or animal is referred to as organic waste. Organic trash includes anything you might add to a compost pile.
Organic trash decomposes over time since it is biodegradable. A significant amount of methane, a powerful greenhouse gas that absorbs heat in the atmosphere and causes climate change, is produced by this process.
As organic waste decomposes, germs, toxins, and antibiotics may be released into the soil and groundwater.
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What is the practice of keeping a product generic as long as possible before customizing?
A) postponement
B) keiretsu
C) vendor-managed inventory
D) forward integration
E) backward integration
The practice of keeping a product generic as long as possible before customizing is called postponement.
Accurately forecasting product demand is exceedingly challenging due to market uncertainty. Low product availability and high inventory expenses are the results of this. The goal of postponement is to delay as long as feasible the final configuration of a product, often until a customer order is received.
Postponement can take various forms, from straightforward packaging and labeling, bulk packing, or specific customizing to more intricate ones like localization, assembly, testing, and integration of the finished product. The products and procedures involved in delay must be carefully redesigned in order to be implemented effectively.
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Most stores offer rotating promotions that provide discounts on various products. however, at many of them, you must become a rewards member to take advantage of the deals. the price of the membership is free. you are probably familiar with this process at grocery stores, pharmacies, and even pet supply chains. Identify each hurdle that shoppers must typically clear to obtain these promotional deals.
a. remembering to bring the discount card to the store or providing the clerk with your phone number
b. divulging personal information, such as one's age and e-mail address
c. taking time to fill out a form
Each hurdle that consumers should generally clean to gain those promotional deals. The accurate choice is A. All 3 alternatives are valid.
The required details for consumers in given paragraph
In order to avail of the discounts, a client wishes to convey the club cards. additionally, a client wishes to fill a shape that includes divulging private facts.
B. Option 1 and 1 are valid. The club info assist a corporation tune diverse facts approximately the client. It additionally facilitates the companies make extra sales. However, this gain isn't always particular to the corporation as different companies can without problems replica this strategy. A client is someone or a set who intends to order, or makes use of purchased items, products, or offerings by and large for private, social, family, family and comparable wishes, who isn't always immediately associated with entrepreneurial or enterprise activities.
The time period maximum generally refers to someone who purchases items and offerings for private use.
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How can the government use taxation to improve the economy?
The government can use taxes to improve the economy by creating benefits that are advantageous to businesses and drive them to high productivity in order to achieve economic growth.
What is taxation?It is an amount or monetary value that is added to the cost of a product or service that a person purchases, tax money is collected to be used by the government.
Tax money is used to meet the collective needs of the people at the public level, such as lighting a road.
Taxes guarantee goods and services that are basic to a population.
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When calculating cash flow, why is depreciation first subtracted but then added back in?
While, calculating cash flow, why is depreciation first subtracted but then added back in because it is not a real cash outflow but does create a tax deductible.
In order to compute operating cash flow for a firm the non-cash and non-operating expenses are added back to the net profit. This is because the non-cash expenses did not cause cash out flow to the firm but it result in a tax-saving to the firm as increase in expenses reduces income before tax and tax bill, and depreciation is a non-cash expense.
Cash flow refers to the net stability of coins getting into and out of a enterprise at a specific factor in time. coins is continuously stepping into and out of a business. for example, when a store purchases inventory, cash flows out of the enterprise closer to its providers.
A firm is a for-income business organization—consisting of a enterprise, restricted legal responsibility corporation (LLC), or partnership—that gives professional services. maximum firms have just one place.
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question content area which statement would best provide information about a company's current liquidity? a.income statement b.statement of cash flows c.balance sheet d.none of these choices are correct.
The statement that would best provide information about a company's current liquidity is an A) income statement.
Liquidity typically refers to how without problems or quickly a safety can be offered or offered in a secondary marketplace. Liquid investments may be sold without problems and without paying a hefty charge to get money whilst it is needed.
Enterprise liquidity refers to how quickly and easily a business can convert belongings into coins, so an agency with excessive liquidity could be able to unexpectedly increase cash to meet surprising expenses without having to growth borrowing.
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lansing company’s current-year income statement and selected balance sheet data at december 31 of the current and prior years follow.
The net cash that is provided by operating activities is $17780.
How to calculate the net cash?The net cash flow from the operating activities of a company indicates whether or not additional cash entered or exited the business. This includes any adjustments to net income sales less any expenses such as cost of goods sold, depreciation, taxes, and so on as well as any adjustments to non-cash items.
The net cash that is provided by operating activities will be calculated thus:
Cash flow from operating activities
Net income = $6000
Adjustment to reconcile net income to net cash
Depreciation expense = $12000
Account receivable = $5800 - $5600 = $200
Inventory increase = $1540 - $1980) = $-440
Prepaid insurance = $280 - $260 = $20
Prepaid rent increase = $180 - $220 = $-40
Salaries payable increase = $880 - $700 = $180
Utilities payable increase = $220 - $160 = $60
Account payable decrease = $4400 - $4600 = $-200
The net cash that is provided by operating activities will be:
= $6000 + $11780
= $17780
The net cash is $17780.
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if you ran a successful awareness campaign using a 30-second video ad and now see the value of remarketing to audiences who watched it with memorable, shorter video ads, what video ad format should you use to achieve that goal?
The most effective ad format for increasing brand recognition is an image ad. They are visually appealing without being overly expensive, which is something that search-based text advertising and many other forms lack. Additionally, they are available in a wide range of sizes and styles, from banners to enormous square picture video ads.
The most effective ad format for increasing brand recognition is an image ad. They are visually appealing without being overly expensive, which is something that search-based text advertising and many other forms lack. Additionally, they are available in a wide range of sizes and styles, from banners to enormous square picture ads. skippable in-stream advertising. advertising that can't be skipped in-stream. video advertising that play in-feed. ad bumpers. Combining advertising strategy with compelling content is the secret to a successful video campaign. Your video should be fascinating and authentic as you write and produce it. Try not to imitate others.
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Under the equal pay act, an employer can legitimately pay different wages to male and female employees on the basis of?
Under the equal pay act, an employer can legitimately pay different wages to male and female employees on the basis of primary job responsibilities, seniority or salary system, factors other than gender. The correct answer is C.
What is exactly The Equal Pay Act ?The Equal Pay Act of 1963 is an amendment to the Fair Labor Standards Act that was passed in the United States to ban pay discrimination based on gender. On June 10, 1963, John F. Kennedy officially signed it into law as a part of his New Frontier Program. Esther Peterson was one of the most prominent advocates for equal pay. She started her career as a labor activist in 1944 when she was hired as the National Labor Relations Board's first-ever lobbyist.
This act permits employers to pay male and female employees differently based on the primary responsibilities of the respective jobs, a seniority or merit system, or any other factor except gender.
Your question is incomplete but most probably your full question was
Under the equal pay act, an employer can legitimately pay different wages to male and female employees on the basis of?
a. primary job responsibilities
b. factors other than gender
c. all of the choice
d. seniority or salary system,
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payroll taxes are 6.2%, and medicare taxes are 2.9%. your employer owes you $665. how much will your work cost your employer? $725.52 $604.48 $41.23 $60.52
The correct answer to the given question is option A) Work cost of the employee is $725.52
The taxes on wages, tips, and salaries that both employees and employers pay are referred to as payroll taxes. Taxes are deducted from employee paychecks and paid to the government by the company. Included in these taxes are the employee's part of Social Security and Medicare taxes as well as federal, state, and municipal income taxes (FICA). Employers are required to pay their portion of FICA as well as federal and state unemployment taxes. Income taxes are levied by the majority of states, certain cities, and counties, and the money collected goes straight into those entities' treasuries.
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Which one of the following is NOT an example of a seller offering signals of quality? Chau asks customers to write reviews of her manicures on a website for local businesses. Hui Er proofreads her job application and cover letter four times to make sure it shows that she is careful about details. Mak offers a money back guarantee on his product lan's Auto Body Shop offers a warranty on its work
Chau asks customers to write reviews of her manicures on a website for local businesses. Option A.
The term moral hazard refers to a situation in which one party lacks incentives to protect itself from financial risk because it is protected from potential consequences. Moral hazard is primarily a pre-transaction issue. Adverse selection is primarily a post-trade problem.
Moral hazard is the result of information asymmetry. Resolving adverse selection also resolves moral hazard. This is called moral hazard. This is because morality comes into play in determining the right and wrong actions of a party in a transaction, and parties who do not engage in that action can bear the consequences.
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anything that an agent obtains by virtue of an agency relationship is theirs to keep.
Anything that an agent obtains by virtue of an agency relationship is that they can not keep them because it belongs to the principle.
Agency by necessity allows some person or entity to act on behalf of another when the beneficiary is unable to explicitly grant permission to do so. These situations often arise from urgent or emergency conditions, but where the beneficiary's needs are placed first.
In finance and investing, agency by necessity gives a broker or financial advisor certain discretion to act on behalf of a client. Under such circumstances, those granted agency must act for the sole benefit of the beneficiary.
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assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 15,000 carburetors from the outside supplier?
The financial disadvantage is ($90,000)
Calculating the outside vendor offer -
= cost per unit x number of units
= 35 x 15,000
= 525,000
Calculating the production costs:
Direct labor -
10 x 15,000 = 150,000
Direct materials -
= 14 x 15,000 = 210,000
Variable manufacturing overhead -
= 3 x 15,000 = $45,000
Fixed manufacturing overhead that is traceable -
= 6 x 15,000 = 90,000 ( where $60,000 are non-avoidable)
Fixed manufacturing overhead, that is allocated -
= 9 x 15,000 = 135,000
Total cost -
= 42 x 15,000 = 630,000
Thus, avoidable production costs = $435,000
Calculating financial disadvantage
= Avoidable costs - cost to purchase carburettors from an outside vendor
= 435,000 - $\525,000
= ($90,000)
Complete Question
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Ltd., for a cost of $35 per unit. To evaluate this offer, Troy Engines, Ltd., has gathered the following information relating to its own cost of producing the carburetor internally: Per Unit 15,000 Units per Year Direct materials $ 14 $ 210,000 Direct labor 10 150,000 Variable manufacturing overhead 3 45,000 Fixed manufacturing overhead, traceable 6 * 90,000 Fixed manufacturing overhead, allocated 9 135,000 Total cost $ 42 $ 630,000 *One-third supervisory salaries; two-thirds depreciation of special equipment (no resale value). Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 15,000 carburetors from the outside supplier?
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What is one major drawback of high-return investments compared to low-return investments?.
The one major drawback of high-return investments as compared to low-return investments is that 'high-return investments have a greater risk of failing'.
Risk is absolutely fundamental to investments, but there are no perfect measurements of risk. Risks are categorized as high-return investments and low-return investments.
A high-return investment refers to the risk for which there is either a large percentage chance of loss of capital or a relatively high chance of a devastating loss.A low-return investment refers to the risk with less at stake, either in regard to the amount invested or the significance of the investment to the portfolio. There is also less to gain, either in regard to the potential return or the potential benefit bigger term.You can learn more about risk at
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a hotel trades an old van, which originally cost $20,000 and has a net book value of $4,000, for a new van. the new van has a market value of $28,000, and to purchase it, the hotel pays $22,000 in cash as well as turning in the old van. the new van is recorded on the books as having a value of:
Option B is correct, The new van is recorded on the books as having a value of $26,000.
Change entails the switch of products and services from one person or entity to some other, often in trade for money. Economists refer to a system or community that lets in alternate as a market.
An early form of exchange, barter, noticed the direct change of goods and offerings for different items and offerings, i.e. trading matters without the usage of cash. modern traders typically negotiate thru a medium of alternate, such as cash. As a result, shopping may be separated from selling, or income. the discovery of cash (and letters of credit, paper cash, and non-bodily money) significantly simplified and promoted trade. the exchange between investors is referred to as a bilateral exchange, whilst trade related to more than two investors is known as multilateral change.
In one cutting-edge view, an alternate exists because of specialization and the department of labor, a primary shape of monetary hobby wherein people and agencies give attention to a small component of production, however, use their output in trades for other merchandise and needs.
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Complete question: -
a hotel trades an old van, which originally cost $20,000 and has a net book value of $4,000, for a new van. the new van has a market value of $28,000, and to purchase it, the hotel pays $22,000 in cash as well as turning in the old van. the new van is recorded on the books as having a value of:
a. $28,000.
b. $26,000.
c. $24,000.
d. $22,000.
the stock of vic corporation is trading at $39.63. the price-earnings ratio is 16 times earnings. the earnings per share for vic corporation are:
$2.48 per share is the earnings per share for vic corporation.
Price to earnings ratio = Market price / Earnings per share
What is Market price?The price investors are willing to pay for one share of a company's stock is known as the market price per share of stock, also known as the share price.
The exchange of goods and services between buyers and sellers establishes the market price of stocks. The supply and demand for stocks are influenced by sellers and purchasers.
Market value is another name for the current price. It is the last traded price for a share of stock or any other security. The present price serves as the starting point in an open market.
Market prices are influenced by the interaction between supply and demand. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter.
Price to earnings ratio = Market price / Earnings per share
Earnings per share = Market Price / Price to earnings ratio
39.63/16 = $2.48 per share.
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differentiate between a defined contribution pension plan and a defined benefit pensio plan dxplain how the employer's obligation differs between the two types of plans
In a defined-contribution plan, the employer's contribution is normally determined by a formula that may take into account the employee's age, length of service, employer profit, or level of compensation.
In a defined-benefit plan, the future pension benefit that the employee would get is specified. The amount that has to be contributed today to pay for the future benefits that have been promised must be determined by the employer.
In a defined-contribution plan, the employer's responsibility is limited to annually contributing to the plan in accordance with the formula. Employees are responsible for bearing either the risk of loss or the benefit of gain from assets contributed to the plan. In a defined-benefit plan, the employer is required to pay enough annual contributions to cover the benefits that are promised to be paid out in the future. As a result, the employer is exposed to risk to the extent that contributions are insufficient to provide the promised benefits.
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in the sales process, when the prospective customer agrees to purchase the product or service and pays, this is called:
he sales process, when the prospective customer agrees to purchase the product or service and pays, this is called Closing Sale.
What is Closing Sale?It is the last action taken while making a sales call to the consumer. Closing a sale is a crucial phase in the personal selling process. It actually means that the sale was completed when the customer signed the contract. Generally speaking, a salesperson's ability to close deals serves as their benchmark. Reps meet their quotas by closing, or persuading a prospect to accept a deal and sign a contract, which is how corporations increase their revenue. It stands for the fruit of all your labours. The process of making a deal is referred to as "closing" in the sales context. The closing process in real estate is where the sales sense first emerged.
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