The straight diagonal line in a Lorenz curve that reflects the equal distribution of income among all members of a population is called the line of equality.
A Lorenz curve is often a mathematical function estimated from a sparse set of income- or wealth-related observational data. The Lorenz curve is frequently accompanied by a straight diagonal line with a slope of 1, which symbolizes perfect equality in the distribution of wealth or income; the Lorenz curve sits beneath it, illuminating the actual or estimated distribution.
The Lorenz curve can show the unequal distribution in any system, however, it is most frequently used to depict economic inequality. The degree of inequality increases with the distance the curve is from the baseline, which is symbolized by the straight diagonal line.
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Which regulatory agencies provide general oversight for the banking industry?the fed and the fdicthe fed and oshathe fdic and the epathe fdic and the fda.
The Fed and the FDIC. The FED and the FDIC are the regulatory bodies that provide general supervision for banking.
Banking is an industry that handles cash, credit and other financial transactions. Banking is defined as the business activity of receiving and keeping money owned by individuals and other entities, and then lending this money to carry out economic activities such as making a profit or simply covering operational costs.
Banks provide a safe place to store extra cash and credit and they offer savings accounts, certificates of deposit, and checking accounts. Banks use these deposits to make loans. These loans include home mortgages, business loans, and car loans.
Banking Functions
Collect funds from the community.Channeling funds to the community.Support smooth payment mechanism.Support smooth international transactions.Money creation.Investment Facility.Storage of valuables.You can learn more about Banking here brainly.com/question/14042269
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mia purchased $167 worth of old picture frames (on account) to be sold to customers at her photography studio. which account would be debited for this transaction?
Inventory will be debited for this transaction.
In income, commerce, and economics, a customer is the recipient of an amazing, service, product, or concept - obtained from a supplier, seller, or dealer via an economic transaction or trade for money or some different precious consideration.
A customer is a character or business that purchases another corporation's goods or services. Clients are vital due to the fact they power sales; without them, agencies can't live.
A customer is someone who buys products or services from a company, whilst a customer refers to a certain kind of client who purchases professional services from a business.
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the norumbega villa resort sold investments that originally cost it $300,000 for $200,000. how would this transaction affect the investing activities section of its statement of cash flows?
As a $200,000 cash inflow this transaction affect the investing activities section of its statement of cash flows.
An investment is an asset or item purchased for income or capital appreciation. Valuation refers to the increase in value of an asset over time. When a person purchases a good as an investment, the intention is not to consume the good, but to use it to generate wealth in the future.
This is how an investment works when you put money into an account or fund to earn a profit. An investment has the potential to yield greater returns (and possibly greater risk) over time. For this reason, some people use investments to achieve long-term goals such as retirement.
Why Investing Matters. Investing is an effective way to put money to good use and potentially build wealth. With smart investments, money can outperform inflation and increase in value. The huge growth potential of an investment is largely due to the power of compound interest and the risk/return trade-off.
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since national culture has a much greater impact on employees than organziations culture, multinational firms that want to hire employees in a foreign nation should
Employees are the people of the hard-working nation.
A person's sense of self-worth, functional efficacy, mental health, and quality of life are all regarded as key aspects of their national cultural identity, and this has a direct impact on how they manage their work environments. Culture and its heritage serve to define a people's national identity by reflecting and shaping values, beliefs, and aspirations. Our cultural legacy must be protected because it upholds our identity as a people. Building bridges across cultural divides and learning to accept and value others who are different from us are all made possible with the aid of cultural understanding.
As we get to understand ourselves better, we can relate to people from different cultural backgrounds more effectively. As a result, there is less intercultural conflict and more cultural connectedness.
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Which ONE of the following statements describes MANAGERIAL accounting BETTER than it describes financial accounting?
a) Has standardized information requirements
b) Includes budget and forecast data Is disseminated to the public
c) is subject to an independent external audit
The statement that describes managerial accounting better than financial accounting is b) includes budget and forecast data.
Importance of managerial accountingManagerial accounting or management accounting collects, analyzes, and interprets information obtained from financial accounting and other sources to help management make better decisions to achieve goals and optimize el performance of the business.
Managerial accounting is only for internal use by managers and shareholders of the organization. It is not mandatory to prepare and audit it. It serves as a vital source of data for planning, forecasting, and managing.
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which appraisal method will best help guard against recency error? a. critical incident b. forced-choice method c. graphic rating scales d. mixed-standard scale
A critical incident appraisal method will best help guard against recency error.
A significant episode is one that affects an activity or phenomenon, either favorably or adversely. Critical occurrences can be obtained in a variety of methods, but often respondents are asked to share a personal experience.
A traumatic incident, such as an accident, a violent attack, or a death, becomes critical in the workplace when it elicits a significant emotional response from any personnel and impairs output and worker performance.
The World Health Organization (WHO) defines a critical incident as an occurrence beyond the usual experience range that is abrupt and unexpected includes the impression of a threat to life, and may contain components of physical and emotional loss.
Hence the correct option is A
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you work at a marketing agency and your client is looking to understand the short-form content trend. how should you summarize this trend to them?
Short-form content is in trend as the content is universally accessible. There is a sense of universality to short-form content creation and consumption. Many popular creators make videos that don't require individuals to speak a specific language to understand the video's visual contents.
Language is a well-organized form of communication. A language's lexicon and grammar together make up its free components. Speaking, signing, and writing are just a few of the different ways that languages may be used to communicate. Languages are the main way that people interact with one another.
The writing systems of many languages, including the most extensively used ones, allow sounds or signs to be stored and later reactivated. Between cultures and over time, human language varies greatly. Human languages depend on social convention and learning, and they have the traits of production and displacement.
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g fica taxes are a deduction from employee earnings and are also imposed upon employers as an expense. group of answer choices false true
FICA taxes are a deduction from employee earnings and are also imposed upon employers as an expense.
The Federal Insurance Contributions Act targets both employees and employers to fund Social Security and Medicare (federal programs that provide benefits to pensioners, the disabled, and children of deceased employees). US federal wage contributions.
Both the employee and employer pay her FICA tax at the same rate. The FICA tax is divided into two parts: the Social Security tax and the Medicare tax. The 2022 Social Security tax rate is 6.2% of wages and the Medicare tax rate is 1.45% of wages. These add up to a FICA tax rate of 7.65%.
No, but they are closely related. FICA (Federal Insurance Contributions Act) basically refers to taxes that fund social security retirement, disability, survivor, spousal, and child benefits. The FICA tax is also part of the Medicare budget.
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in preparing the cash flows from investing activities section of the statement of cash flows, which type of account is analyzed for changes? a.long-term assets b.current assets c.stockholders' equity d.current liabilities
In preparing the cash flows from investing activities section of the statement of cash flows, a. long-term assets account is analyzed for changes
Long-term assets, often known as fixed or capital assets, are those that a corporation can anticipate using, replacing, or turning into cash after the typical operational cycle of at least 12 months. They are frequently in use for years.
Long-term assets include, for example, Fixed assets include things like land, machinery, buildings, fixtures, and transportation vehicles. Long-term investments in securities like stocks and bonds, real estate, or stakes in other businesses.
Long-term assets form a high part of the company's overall fixed costs, which will be helpful in the future. Long-term asset information is crucial for accurate financial reporting, business assessment, and financial analysis of an organization.
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what are some reasons why a bank statement would not match a cash balance of a business's records? choose all answers that are correct.
This disparity exists for a number of reasons, which include the following: pending payments. The business has written checks, but they haven't been turned in to the bank yet, Transporting deposits, Interest on money deposited, Bank service charges, Check the cost of printing, Errors by the bank, the company, etc.
The sum of money that a business has on hand at the moment is called its cash balance. This cash is held in reserve to cover any unforeseen cash outflows. Without this financial safety net, companies might find themselves unable to cover their expenses. Normally, cash balances are put toward debt repayment or given as dividends to investors. The balance sheet's "current assets" section contains information on cash. A technique to gauge the health and solvency of an organisation is to track its cash balances over time. The optimal amount of cash that a business aims to keep on hand at any particular time is referred to as a target cash balance. The balance between the potential costs of retaining too much cash and the balance is achieved by this value.
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mitchell company sells its product for $100 per unit. the company's accountant provided the following cost information: manufacturing costs $ 25,000 45 % of sales selling costs $ 15,000 20 % of sales administrative costs $ 25,000 10 % of sales what is the company's break-even point in units?
The company's break-even point in units is 2600 Units.
At breakeven Contribution = Fixed Cost
Fixed Cost =25000+15000+25000 =65000
X = break-even units
100x-.45(100x)-.20(100x)-.10(100x) =65000
X =65000/25 =2600 Units
In accounting and economics, 'constant fees', additionally referred to as oblique expenses or overhead charges, are enterprise charges that aren't dependent on the extent of goods or offerings produced by the commercial enterprise. They tend to be habitual, along with hobby or rent being paid in line with the month. those expenses additionally tend to be capital fees. this is in comparison to variable prices, which are extent-associated (and are paid per amount produced) and unknown at the start of the accounting year. fixed charges have an impact on the nature of sure variable prices.
for instance, a retailer has to pay rent and utility bills irrespective of sales. As another instance, for a bakery the monthly rent and getting in touch with the line are constant costs, regardless of how plenty bread is produced and bought; on the other hand, the wages are variable charges, as more people could need to be employed for the production to grow. For any manufacturing facility, the repair value ought to be all the money paid on capital and land.
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a zero-based budget is a budget that is continuously updated so that the next 12 months of operations are always budgeted.A. TrueB. False
A zero-based budget is a budget that is continuously updated so that the next 12 months of operations are always budgeted. [FALSE]
The correct answer is rolling budget.
About Zero Based-BudgetingZero Based Budgeting has another name as an unfinished budget.
Which is done with the assumption that each allocation starts from zero.
This type of process does not consider activities in the previous period.
Usually these budgets are bottom-up and top-down because the budgeting process requires discussion between employees and management.
This type occurs when the company experiences financial restructuring due to the impact of economic changes or internal company impacts.
Functions and Objectives of the BudgetAs a form of communication bottom-up to high management or related parties in a project or work for a certain period. So that management knows what is the priority of spending.
As material for assessing the feasibility of a job or project to be carried out. As material for planning a review of organizational or company finances to determine what resources are appropriate for use based on financial value. As a measuring tool, comparison, evaluation, control over the performance of activities or projects that have been done. Ensuring the business goes according to plan and commitment. So that all expenses are measurable. Measure the remaining finances that can later be used for the next period. As a reference in making decisions in implementing implementation methods so that available resources can be maximized.Learn more about zero-based budget at https://brainly.com/question/23218253.
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Conduct online research to find out about the career pathways for a job in logistics and inventory control. Write a note discussing the pathway. Choose any three careers in these pathways and discuss some professional and personal skills that will be helpful to a person who opts for these careers. Also discuss the technologies used in these careers.
ANSWER ASAP
Searching a job in a logistics & inventory management as per relevant skill and knowledge is a tedious task, but following a career pathways make it easier way to grab a job.
What are career pathways?A career pathway is a more condensed collection of jobs within a professional cluster that share common competencies. There are various career trajectories within each career cluster. A career pathway allows you to start in a lower-lever job and advance along it as you gain knowledge and experience.
For a person who want to swing his career in logistics & inventory management; then follow this career path:
Have well versed with the Industry requirement.
Thus in certain way a person can get better position in inventory management.
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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 may legally pay different compensation to male and female employees based on the principal functions of the occupations, a seniority or merit system, or any other reason other than gender. Thus, option B is correct.
What is the equal pay act?The Equal Pay Act of 1963 is a United States labor law that amends the Fair Labor Standards Act to eliminate salary disparities based on gender. John F. Kennedy signed it into law on June 10, 1963, as part of his New Frontier Program.
According to this act, an employer may legitimately pay male and female employees differently depending on the primary tasks of the occupations, a seniority, or merit system, or any other reason other than gender.
Therefore, option B is correct, means all the given choices are correct about the equal pay act.
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Your question is incomplete, but most probably your question was:
Under the Equal Pay Act, an employer can legitimately pay different wages to male and female employees on the basis of:
The primary duties of the jobs.All of the choices.A seniority or merit system.Any factor other than gender.ironwood corporation has ordinary taxable income of $25,000 in 2021, and a short-term capital loss of $15,000. what is the corporation's tax liability for 2021? a.$13,650 b.$5,250 c.$10,500 d.$2,100 e.none of these choices are correct.
The correct answer to the given question of Corporation's tax liability of 2021 is option c) 10,500.
Capital gains of the same kind are first offset by losses on your investments. Long-term losses are then subtracted from long-term gains, while short-term losses are first subtracted from short-term profits. Then, net losses of either sort may be subtracted from gains of the other kind.
What Is Tax Liability?
An individual, company, or other entity has a tax liability when they owe money to a federal, state, or municipal taxing body.
When you earn money or make profits off of the sale of an investment or other asset, you often owe taxes on that money. If your income is insufficient to trigger tax filing, you might not owe any income taxes.
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true or false: backlinks to a site fit into one of three categories: editorial, manual, or manufactured.
Backlinks to a site fit into one of three categories: editorial, manual, or manufactured is a true statement.
What is a backlink?A backlink seems to be a link towards that specific webpage from another website. A website, web browser, or online catalog are all examples of web resources. An analogous connection to a citation is a backlink.
Any backlinks to something like a website are divided into one of three classifications: editorially acceptable content manually approved links, or fabricated links, such as blog comments without clearance. Link text The importance of these recommendations rises if the title tag of the hyperlinks to a page contains pertinent keywords.
Either new material is added to another website or a backlink is obtained from a previously existing document that is used to establish a manually built backlink.
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landrum corporation's required rate of return on investments is 14%. what is the accounting rate of return on the investment?
Landrum corporation's Their return on investment is C, which is 7.60%.
The whole first is to figure out the value of total net profit.
Overall Income Statement - Total Degradation reflects the sum net earnings value.
$325,000 - ($250,000 - $20,000) is indeed the total net profit value.
Value of Total Net Income = $325, -230
$95,000 is the total net income value.
The next step is to determine the average net income.
Average total revenue / the number of years equals average net income.
= $95,000 / 5 = average net income
Net income on average is $19,000.
Permit us to now determine the rate of return.
(Average yearly revenue / Primary Investment) * 100 is the accounting rate of return.
($19,000 / 250,000) * 100 is the accounting rate of return.
7.60% is the accounting rate of return.
Therefore, the Rate Of return is 7.60%.
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melba was involved in an automobile accident. she was found liable for $20,000 in property damages. fortunately, she had pap coverage with a split limit of 25/50/20, a deductible of $500, and a comprehensive deductible of $100. how much will her out-of-pocket expense be for the accident?
Melba had an accident, therefore she has to pay the $600 cost minimum deductible.
Damage to real or tangible personal property resulting from carelessness, malicious destruction, or a natural disaster is referred to as property damage. Similar to vandalism and arson, property damage involves damaging other people's property while causing more physical harm and incurring huge costs.
The insurance's conditions are 25/50/20.
Therefore, the most that will be compensated for property damage is $20,000
The claim in this instance is for $20,000.
Therefore, the complete claim will be approved subject to paying the $600 deductible. This totals $600 after a $500 deductible and a $100 comprehensive deductible.
Melba will incur a $600 loss due to this accident.
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The __________ method is a framework for operationalizing a firm’s strategic plan by focusing on measurable outcomes based on dimensions of a firm’s performance.
The balanced scorecard method is a framework for operationalizing a firm's strategic plan by focusing on measurable outcomes based on for dimensions of a firm's performance.
A balanced scorecard is a strategic management overall performance metric that enables corporations identify and enhance their inner operations to help their outside consequences. It measures beyond performance records and provides organizations with remarks on the way to make higher decisions in the destiny.
A balanced scorecard (BSC) is described as a control system that gives remarks on both internal enterprise strategies and external results to continuously improve strategic overall performance and results.
A balanced scorecard is a approach performance control device – a well dependent report, that can be utilized by managers to maintain track of the execution of sports by means of the group of workers inside their control and to screen the outcomes arising from those actions.
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which aspect of the workforce scorecard is concerned with whether the workforce has the skills to execute the strategy?
Leadership and Workforce Behaviors is concerned with whether the workforce has the skills to execute the strategy.
How could the workforce scorecard be a crucial lever in the strategy execution process?A key tool in how organizations execute their strategies is the workforce scorecard. According to the Workforce Scorecard, investments in people should support the execution of strategy through elements like as attitude and culture, competencies, and behavior.When used in HR, the Balanced Scorecard assists managers in coordinating all HR initiatives with the strategic objectives of the business. Managers can monitor goal progress and make sure that actions are geared toward strategic objectives by assigning metrics to them. It improves precision and enables managers to spot deficiencies right away.To learn more about Balanced Scorecard refer,
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when offering a sustainable/green product to the mass market, companies should expect the consumer to be willing to make big trade-offs in the products effectiveness compared to traditional products. when offering a sustainable/green product to the mass market, companies should expect the consumer to be willing to make big trade-offs in the products effectiveness compared to traditional products. true false
Answer:
false
Explanation:
i did this in class
Morgan has an investment worth $130,000 dollars after 20 years. If his original investment was for $50,000 what must the interest rate have been?.
Morgan's initial investment was $50,000. After 20 years, it becomes $130,000. The interest rate is 4.9%
Assuming the compound interest, the formula for the future value is:
FV = PV (1 + r)ⁿ
Where:
PV = present value
r = interest rate
n = number of periods
Parameters given in the problem:
FV = $130,000
PV = $50,000
n = 20
Plug these parameters into the problem:
130,000 = 50,000 (1 + r)²⁰
(1 + r)²⁰ = 2.6
1 + r = 1.049
r = 1.049 - 1 = 0.049 = 4.9%
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which phase does the firm analyses its end-user business requirements and refines project goals into defined functions and operations of the intended system? group of answer choices analysis phase. testing phase. design phase. development phase.
In the analysis phase the firm analyzes its end-user business requirements and refines project goals into defined functions and operations of the intended system.
The purpose of the analysis phase is to thoroughly explore and evaluate the viable options identified in the feasibility phase to arrive at an optimal, high-level solution that meets the customer's requirements and project constraints.
An example is a distributed client-server system where the database stores data on the server and the algorithms that manipulate the data are stored on the client. Object-based decomposition leads to a natural connection between data structures and algorithms that use methods to form objects.
The purpose of the analysis phase is to formulate and formalize system requirements. This is accomplished by having the system decide what to do according to the needs and expectations of the system's end users.
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abbott company uses the allowance method of accounting for uncollectible receivables. abbott estimates that 4% of credit sales will be uncollectible. on january 1, allowance for doubtful accounts had a credit balance of $3,300. during the year, abbott wrote off accounts receivable totaling $2,500 and made credit sales of $116,000. after the adjusting entry, the december 31 balance in bad debt expense will be
It's necessary to entry next journal entry to adjust the Allowance for Uncollectible Accounts. The December 31 balance in the bad debt expense will be $ 2,400.
What is bad debt?A bad debt, also known as an expense for uncollectible accounts, is a quantity of money owing to a creditor that is unlikely to be paid and for which the creditor is not ready to take action to collect for a number of reasons, typically because the debtor lacks the funds to do so. There are different technical definitions of what a bad debt is, depending on accounting procedures, regulatory considerations, and the institution provisioning. In the USA, bank debts that are more than 90 days past due are referred to as "problem loans." Accounting standards require that the full amount of a bad debt be recorded in the profit and loss account or provision for bad debts as soon as it is anticipated.
Allowance for the Uncollectible Accounts $ 3,000
Bad debt expense $ 2,400
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a fixed budget, also known as a static budget, has resources allocated on a single estimate of costs. that budget amount ______.
A fixed budget, also known as a static budget, is a budgetary plan that remains constant, i.e. does not change with changes in the volume of input and output such as sales, production units, activity level, and so on.
A fixed budget assists a business in achieving peak performance by monitoring revenues, sales, and expenses. By comparing each department's performance to a fixed budget and identifying and analyzing variations, the organization can achieve its long-term financial goals.
Management, such as managers, chief financial officers, and accountants, may use a fixed budget to analyze and develop financial controls. It functions as a system check tool, preventing overspending and tallying expenditure with revenue generated by sales.
A well-managed fixed budget also aids in the development of cash flow projections. In simple terms, a fixed budget is a planning tool that enables an organization to monitor all revenue generated and all expenses incurred, thereby assisting it in meeting its financial objectives.
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williams software has 8.4 percent coupon bonds on the market with 20 years to maturity. the bonds make semiannual payments and currently sell for 107 percent of par. a. what is the current yield on the bonds? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. what is the ytm? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. what is the effective annual yield?
20 years to maturity the coupon bonds have semi-annual payments, are currently sold for 107% of face value, and have a 7.85% yield. b.7.78% c.8.58%
What is the formula for coupon bonds?By dividing the total annual coupon payments made on a bond by its par value, one may determine the bond's coupon rate. A bond with a $1,000 face value that pays a $25 coupon twice a year, for instance, has a 5% coupon rate.
What distinguishes a coupon bond from a bond paper?The payment of interest, also referred to as coupons, is what distinguishes a regular bond from a zero-coupon bond, Regular bonds are paid.
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on october 31, legacy rocks inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on november 19, it issued for cash 50,000 shares of preferred stock, $75 par at $80. a. journalize the entries for october 31 and november 19. b. what is the total amount invested (total paid-in capital) by all stockholders as of november 19?
As of the reporting period, the company's overall equity, or equity primarily attributable to stockholders, is reported in the stockholder's equity section of the balance sheet.
This includes the company's par-valued stocks, retained earnings, and other comprehensive income, as well as any stocks issued above par.
November 19 Cash (50,000 * 80) 4,000,000 Preferred stock (50,000 * 75) 3,750,000 Paid in capital in excess of par - preferred stock 250,000 Cash (400,000 * 18) 7,200,000
Common stock (400,000 * 10) 4,000,000 Paid in capital in excess of par - common stock 3,200,000.
Preferred stock: $3,750,000 Common stock: $4,000,000 Paid in capital above par: preferred stock: $250,000. Paid in capital above par: common stock: $3,200,000.
Capital expenditures total $11,200,000.
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if you’re using the high rate method, which debt do you focus on first after you’ve made all of your minimum payments?
When using the high-rate method for managing debt, you should focus on paying off the debt with the highest interest rate first, after making all of your minimum payments.
This approach, also known as the "snowball method" or the "avalanche method," involves paying off your debts in order of their interest rate, starting with the one that has the highest interest rate and working your way down to the debt with the lowest interest rate. By focusing on the debt with the highest interest rate first, you can save money on interest payments over time and pay off your debt faster. This method can be effective for people who have multiple debts with different interest rates and want to pay off their debt as efficiently as possible.
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an employer cannot discharge a worker who, in good faith, refuses to work in a high-risk area if bodily harm or death might result.a. trueb.false
It is true that an employer cannot terminate an employee who really refuses to work in a dangerous setting when there is a risk of harm or death.
Definition employer:
An employer is a person who employs others or provides a workplace. An employer could be a company, group, government agency, organization, large firm, consultancy, nonprofit group, new business, retailer, or individual.
Which are some instances of employers?
An employer is, more particularly, a company, institution, government body, agency, management consulting firm, nonprofit organization, small business, retailer, or individual who hires or otherwise places people who may be referred to as employment or staff members to work.
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more than 40 percent of the employees at a company lost their jobs during a recent recession. the human resource department of this company would call this multiple choice role ambiguity. voluntary turnover. role conflict. involuntary turnover. role overload.
More than 40 percent of the employees at a company lost their jobs during a recent recession: E. role overload
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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