c. The Keynesians focus on increasing aggregate demand in order to stimulate the economy.
Keynesians accept that aggregate demand is the key to stimulating economic growth. They believe that when aggregate demand is low, government spending and/or tax cuts can be used to increase it.
This will then lead to increased economic activity, employment, and wages, which in turn will lead to increased consumer spending and investment. By increasing aggregate demand, Keynesians believe that policymakers can reduce unemployment and increase economic growth.
They also accept that government intervention is necessary to ensure that the economy is balanced and that unemployment is kept to a minimum. This includes policies such as fiscal and monetary policies that can help to increase aggregate demand while simultaneously controlling inflation.
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the production department is proposing the purchase of an automatic insertion machine. it has identified three machines and has asked the accountant to analyze them to determine the best average rate of return. which machine has the best average rate of return?
The machine has the best average rate of return is a. Machine B.
What is the Average Rate of Return?The average rate of return serves as the average annual amount of cash flow generated over the life of an investment.
Average rate of return = average income/ average investment
Considering the machine A :
= 40, 000/300,000 = 0.1333
= (0.133 * 100) =13.33%
Then considering the machine B:
The given Estimated Average Income= $50,000 while the Average Investment was given as $250,000, then if we input the values we have :
= $50,000/ $250,000 = 0.20
= (0.20 * 100%) = 20%
Then considering Machine C where the Estimated Average Income is given as $75,000 and the Average Investment is given as $500,000, the we can input the values as :
= $75,000/$500,000 = 0.15
= (0.15*100%)= 15%
Therefore, Machine B is the one with highest average rate of return.
Hence option A is correct.
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complete question:
The production department is proposing the purchase of an automatic insertion machine. It has identified 3 machines and has asked the accountant to analyze them to determine the best average rate of return.
Machine A Machine B Machine C
Estimated average income $40,000 $50,000 $75,000
Average investment $300,000 $250,000 $500,000
a. Machine B
b. Machine A
c. Machine B or C
d. Machine C
Is an indirect technique used by interest groups to influence government policy?
True, indirect tactics include using constituents as lobbyists and raising public pressure. 1. identifying potential candidates for public office; 2. planning and conducting elections 3.interest.
How do we define interest?Interest is the cost of borrowing money or the fee you demand to lend it. Most frequently, interest is shown as an extra component of the loan amount. This ratio serves as a representation of the loan's interest rate.
What personal interests do I have?Personal interests are pastimes that a person enjoys. They can consist of endeavors in learning, athletics, artistic expression, leisure time, volunteer, community festivals, ritual beliefs, traditional activities, and self-improvement.
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Customer: "with all of the money i am spending today, will i be receiving anything complimentary?".
If someone has money in the bank but is unable to spend it, then the money is useless and cannot be used to benefit them in any way. In light of what was said in the Stag and the Antlers narrative.
Money kept at a bank is referred to as a deposit in the world of finance. A deposit is a deal in which money is given to someone else to keep safe. A percentage of money used as security or collateral for the delivery of a good can also be referred to as a deposit.
The use of a portion of the cash as a security or as collateral for the delivery of a good is the alternative definition of a deposit. As a sign of good faith, some contracts call for a portion of the money to be paid before delivery. For instance, brokerage companies frequently demand that traders deposit initial margin funds before entering into a new futures contract.
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What are the 3 main goals of security?
Regardless of security policy goals, one cannot completely ignore any of the three major requirements—confidentiality, integrity, and availability—which support one another. For example, confidentiality is needed to protect passwords.
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A client is upset about overdraft fees, but when you review his account, you see that it is still overdrawn. What would you be most and least likely to do? MOST PICK ONE OF EACH LEAST Explain that he can check his balance with his phone and share some information to guide him on how to do this. Tell him that you're sorry and understand. Show him exactly why the fees occurred so he can avoid future fees. Let him know you wish there was something you could do, but you have to follow bank policy. See if he's familiar with overdraft protection. Share some benefits and see if he wants to talk to a specialist to learn more.
Since he is upset with the overdraft fee, you would have to: Share some benefits and see if he wants to talk to a specialist to learn more. Last option
What is an overdraft fee?When more money is taken out than is in a current account, an overdraft arises. The money in a bank account serves as this in financial systems. It might be aquifer-stored groundwater in the case of water resources. The term "overdrawn" refers to these circumstances.
As soon as you become aware that you have been assessed an overdraft fee, contact your bank. To talk with a professional who might be able to assist you, contact the number on the back of your debit card. Describe what occurred. Describe your overdrafting in more detail.
Some financial institutions impose this cost once every five days, while others go so far as to impose it daily until you raise your balance over zero.
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Identify a reason for the failure of people.The willingness to laugh at oneselfNot taking one's job too seriously"It's all about me" syndromeRelaxing and enjoying during workQUESTION 12Which of the following is within the individual and includes characteristics such as personality, attitudes, self-concept, and integrity?Intrapersonal skillsExpert powerLeadership skillsInterpersonal skillsQUESTION 13________ believe that they have little control over their performance and are closed to new experiences.ExtrovertsExternalizersInternalizersType A personalitiesQUESTION 14________ is a continuum representing one's belief as to whether external or internal forces determine one's destiny.Perceptual congruenceSurgencyConscientiousnessLocus of controlQUESTION 15Which of the following is a human relations guideline?Being narcissisticCalling people by their namesActing before one thinksBeing physically fitQUESTION 16William is the marketing manager for a newly launched sedan of Power Motors Ltd. However, the car had technical problems in its ignition system. The company decided to recall all sedans from the market. William convinced the management to work on this issue based on customer feedback and convinced them to relaunch the vehicle. Which of the following guidelines for effective human relations has William followed in this scenario?Being self-centeredThinking before actingBeing genuinely interested in other peopleBeing optimisticQUESTION 17"Our supervisor, Daniel, is a great guy. He appreciates the work we do and inspires us to perform better." Which of the following best describes Daniel's behavior?Using peopleBeing politically correctBeing humorousBeing positiveQUESTION 18Don is a quality control manager at Vittel Glass House. He shouts at his subordinates if they fail to meet his expectations. This has severely affected his relationship with his subordinates. Which of the following is a guideline for effective human relations that Don should follow in order to correct this?He should create a win–lose situation in the company.He should listen to other managers.He should think before acting.He should be genuinely interested in himself.QUESTION 19________ is the ability to influence others and work well in teams.Leadership skillPowerOmnipotenceAuthorityQUESTION 20Who developed Theory Z?Eric BerneRobert OwenElton MayoWilliam Ouchi
People who don't work with their conscientiousness, tends to lean towards failure.
Conscientiousness is the quality of being cautious or steady. Scruples recommends a longing to follow through with a job accurately and to genuinely take one's liabilities to other people. Reliable people are proficient and requested, rather than loose and scattered.
Conscientious individuals are more disposed to examine all of the data prior to going with choices cautiously. They typically consider things and contemplate the repercussions prior to acting. Prior to continuing, scrupulous individuals as often as possible survey conditions and gauge the benefits and drawbacks.
Conscientious individuals can foster self-restraint and discretion to seek after lastly achieve their objectives. Individuals who are reliable are likewise coordinated, driven, and fit for conceding quick satisfaction — all of which add to their prosperity.\
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What is a focus of Accenture's point of view on blockchain in the marketplace Mcq village?
Accenture's primary selling point in the block chain market will be that it enables clients to save all of their data documents because of the unchangeable and unbreakable technology of the block chain.
Accenture's primary selling point in the block chain market will be that it enables clients to save all of their data documents because of the unchangeable and unbreakable technology of the block chain.
The vendor's focus on using blockchain to transform the company and enhance core operations is the cornerstone of Accenture's strategy. Decentralized networks, transparency, reliable chains, and unchangeable and indestructible technology are among the key benefits of blockchain technology. Blockchain always needs a centralised authority to act as a middleman.
Members of the network may exchange information and goods like bitcoin among themselves without the use of intermediaries.
Due to its capacity to provide accountability, transparency, traceability, and cyber-resilience as well as to boost operational performance in global collaborations, blockchain is one of the main enabling technologies that may assist establish safe and sustainable solutions to accomplish these SDGs.
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at many municipal golf courses, local residents pay a lower fee to play than other golfers do. one necessary condition for the golf course to be able to successfully price discriminate according to residency is that
The ability to check golfers' identification cards is one requirement is for golf club to be able to price discriminate effectively based on residency.
How do you use discriminate?He asserts that when he applied again for position, he was subjected to racial discrimination. The current legal system improperly discriminates against women. They discriminate in a way that benefits employees from underrepresented groups. Employees must refrain from racial or sexual discrimination.
What is the example of discriminating?Here are a few instances of what can qualify as prejudice. A customer with cerebral palsy is refused service at a restaurant. Employees are paid less than coworkers of the opposite gender who perform the same or similar work. Unwanted sexual advances are made by a management.
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What are external factors in flexibility?
The external factors in flexibility are age, gender, occupation, climate etc.
A person's joint mobility is a measure of their flexibility. More flexibility may exist in some joints than others. The flexibility can be increased by regular exercise and other kinds of stretching. External factors of flexibility are -
Age: Our muscles tend to lose flexibility as we age.
Gender: Although it can vary from person to person, women often have more flexible muscles than males.
Genetic factors: Some people may naturally have tighter or looser muscles due to heredity.
Exercising: Stretching and flexibility drills can help to increase flexibility over time.
Occupation: Some jobs that call for repeated motions or extended periods of sitting can reduce flexibility in an individual.
Climate Conditions: Muscles may get stiffer in colder climates while becoming more flexible in warmer ones.
Health issues: Some medical illnesses, including fibromyalgia or arthritis, can make you less flexible.
Foregoing Injuries: Flexibility can be impacted by injuries, especially those to the muscles or joints.
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Question 6 The function header marks the beginning of the function definition, and must be prefixed with the 'definition' keyword: Group of answer choices True False Question 7 Two local variables, each of which is defined within the scope of a different function, cannot have the same names. Group of answer choices True False Question 8 The function in which the local variable is created is the__________ of that local variable. Group of answer choices scope space global reach Definition Question 9 Both of the following for clauses would generate an equal number of loop iterations. for num in range(4): for num in range(1, 4): Group of answer choices True False Question 10 There is more than one way to pass in arguments to a function when calling it. Group of answer choices False True
The function header marks the beginning of the function definition, and must be prefixed with the 'definition' keyword is True.
7. Two local variables, each of which is defined within the scope of a different function, cannot have the same names is True.
8 The function in which the local variable is created is the option A : scope of that local variable.
9 Both of the following for clauses would generate an equal number of loop iterations is True.
10 There is more than one way to pass in arguments to a function when calling it is True
What is the header about?A function header is a line of code that defines the name of a function and specifies the function's parameters. It is written at the beginning of the function definition and is one that is followed by a colon.
Therefore, The function header is used to identify the start of the function and must be prefixed with the 'def' keyword in most programming languages. It is important to correctly format the function header, as it tells the interpreter how to call and execute the function.
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transshipping, inc., has been assessed a $20,000 special tax because its oceanic shipping lines interfere with sea turtle migration. the shipping union (su) is an organization whose membership consists of companies that engage in land, rail, and air shipping. although the su members are not engaged in ocean shipping, they believe that this law sets a bad precedent and that similar laws may affect their businesses in the future. at the last su meeting, its membership voted to hire counsel to oppose the new law. both transshipping and shipping union have filed separate actions challenging the law. do they have standing? g
In regards to the question, my response is Yes, both entities have a good standing as they have filed separate actions challenging the law.
What does it mean to challenge the law?A formal rebuttal of a person, act, or thing's legitimacy is referred to as a challenge. A constitutional challenge is a query or an assertion that a statute is unlawful. Facial challenges assert that a law or act is unconstitutional on its face.
Any claim, demand, lawsuit, cause of action, or other action or proceeding that is brought before a court, including but not limited to those brought by reexamination, opposition, interference, declaratory judgment actions, invalidity actions, or nullity actions, is referred to as a challenge action.
Therefore, According to New Rule 5.1, the United States Attorney General or the state's attorney general must be served with any pleading, written motion, or other document that calls into question the legality of a federal or state act.
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what would be the yearly earnings for a person with $7,000 in savings at an annual interest rate of 5.5 percent?
The yearly earnings for a person with given data will be 385, 7,000* .055 = 385
A corporation will pay you a yearly earning in exchange for the work you complete throughout the year. Even if you might get paid monthly or biweekly, it's still crucial to know your annual pay for tax purposes or in case you apply for a new position. To learn everything you need to know, continue reading.
The total amount of money made throughout a fiscal year is referred to as annual income. Net annual income is the amount left over after all deductions have been made, while gross annual income refers to all profits before any deductions are made. Both individuals and corporations can use this idea while completing their yearly tax returns.
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Depending on the size and profit of a nonprofit, some boards may be asked to assume _________?
Depending on the size and profit of a nonprofit, some boards may be asked to assume staff roles.
An income that is given to the owner in a successful market production process is known as profit in accounting. Profit is a metric of profitability, which is of primary concern to the owner in the process of market production that generates money. Various profit metrics are frequently used.
The balance between income distribution and income generating is constant in market production. Every time during the review period, the earned income is allocated as economic value to the production's stakeholders. Profit is the portion of income generated that the owner is able to retain for themselves during the income distribution process. Since it translates into money and presents chances for expanding production, profit is one of the main drivers of economic prosperity. The terms "income," "profit," and "earnings" are all interchangeable in this sentence.
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What events occurred between 1850 and 1900 and 1900 and 1950 that influenced the size of the national debt?.
Between 1850 and 1900, the US national debt was largely influenced by the Civil War, which increased the debt from $65 million to $2.7 billion. Between 1900 and 1950, the US national debt was influenced by World War I, which increased the debt from $1.2 billion to $25.5 billion, and World War II, which increased the debt from $43 billion to $269 billion. Additionally, the Great Depression of the 1930s caused the debt to increase from $16.2 billion to $43 billion.
sooyoung reported to the management team that since there were so many retailers supplying the product, none of them held a major share of the market. she is describing an example of a(n) blank retail system.
In a concentrated retail system, a few retailers supply most of the market. There is a tendency for greater retail concentration in developed countries
Which information system is used in retail management?
For retailers to increase sales and better understand their customers, customer relationship management systems gather the following information: Name, email, social media, and how the consumer first heard about the organization are all examples of contact information.
Information systems are the equipment, software, and hardware that support merchants' performance in a changing environment. They assist with point of sale transactions, logistics, planning, inventory control, managing budgets and sales targets, and more. Let's quickly review a few of the information systems that are most frequently used in the retail industry.
One feature of IMS is asset tracking, which enables products to be traced in a warehouse or store using their barcodes and/or other tracking information like their serial number, lot number, or revision number.
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Which of the following shows the correct sequence of events from an initial shock to consumption and the resulting multiplier effects?
A. Investment declines, firms' revenue rises, labor demand shifts right, unemployment falls, asset prices fall, and the multiplier effects continue their cycle.
B. Consumption declines, firms' revenue falls, labor demand shifts left, unemployment rises, and the multiplier effects continue their cycle.
C. Consumption declines, firms' revenue falls, labor demand shifts right, unemployment falls, and the multiplier effects continue their cycle.
D. Investment declines, firms' revenue falls, labor demand shifts left, unemployment rises, asset prices rise, and multiplier effects continue their cycle.
The option that shows the correct sequence of events from an initial shock to consumption and the resulting multiplier effects is B. Consumption declines, firms' revenue falls, labor demand shifts left, unemployment rises, and the multiplier effects continue their cycle.
What's consumption?Utilizing resources to fulfill present needs and desires is referred to as consumption. In contrast, investing entails making purchases in order to generate future income. A key concept in economics, consumption is also explored in many other social sciences.
Because one agent's spending is also another agent's income, the multiplier effect results. For instance, when a spending project generates new jobs, it adds to the circular flow of income and demand in the nation.
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26) The main difference between PERT and CPM is that A) PERT is more accurate than CPM B) PERT assumes that activity durations are known. C) PERT ignores activity costs. D) CPM assumes activity durations can vary E) PERT employs three time estimates for each activity 27) The ES of an activity that has only one predecessor is simply the EF of that predecesson A) True B) False 28) Slack is the amount of time an activity can be delayed without delaying the entire project. A) True B) False with duration 29) The critical path for the network activities shown below is Immediate Activity Duration Predecessors B.C. A) A-B-D; 10 B) A-B-E; 11 C)C-E, 12 D) A-D-E; 13 E) A-B-C-D-E: 22 30) An activity on a PERT network has these time estimates: optimistic-2, most likely 3, and pessimistic 8. What is its expected activity time and variance? A) 3.67; I B) 3.67; 6 C)4.33; 1 D) 4.33; 6 E) none of the above
26). (E) PERT employs three time estimates for each activity, 27). (B) False , 28). (A) True, 29). (D) A-D-E, 30). (A) 3.67.
PERT versus CPM Project management may be defined as a systematic approach to planning, scheduling, executing, monitoring, and controlling the many components of a project in order to achieve the goal set at the time of project conception. The two network-based project management methodologies that show the flow and sequence of activities and events are PERT and CPM. The Program (Project) Management and Review Technique (PERT) is ideal for projects in which the time required to accomplish certain tasks is unknown. The Critical Path Method, on the other hand, is appropriate for projects that are recurrent in nature.
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Who benefits from free trade zones?
Importers can take advantage of a number of benefits to improve cash flow, improve the efficiency of global logistics, reduce duplicative or pointless logistical costs, and preserve flexibility.
Who benefits from FTZ?By employing a Foreign-Trade Zone, businesses can avoid the lengthy Customs duty drawback process. For enterprises who import sensitive goods or employ manufacturing processes that produce a lot of scrap, the ability for users to destroy things in an FTZ is attractive because they are exempt from paying duty on the commodities they discard.
A foreign-trade zone is an area that has been classified as exempt from certain ordinary US Customs laws and regulations (FTZ). A number of benefits are available to importers that can help them improve cash flow, improve the efficiency of global logistics, reduce unnecessary or duplicate logistical costs, and preserve flexibility.
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Why is it important to draw a line up to the word DOLLARS when writing the amount of a check in words?
a)Large letters are easier to read
b)The bank will not cash the check unless you draw the line
c)It's safe way to prevent someone other than you from changing the amount
c. It's safe way to prevent someone other than you from changing the amount Writing the dollar amount in words is important for a bank to process a check as it confirms the correct payment total.
The official money of the United States of America is the USD (United States dollar). It is distinguished from other currencies based on the dollar by the symbol $ or US$. The most common currency used in transactions worldwide is the U.S. dollar, which is regarded as a standard. Additionally, numerous nations outside of the United States utilise it as their official currency, and many more use it in addition to their own as an unofficial currency.
You can use the check register in your chequebook when you write a check, spend cash, or deposit money into your checking account. This part of your chequebook is intended to serve as a recorder of all of your financial transactions, including check writing, debit card purchases, online purchases, ATM withdrawals, and online transactions.
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External failure costs include the following costs except __________ costs.a product-returnb lost salesc price-downgradingd warranty claims
Liability claims. Warranty claims are regarded as a cost of external failure. It is a cost that the company incurs to replace and repair goods that customers have recently purchased.
External failure costs are those expenses caused because of item failures after they have been offered to clients. These expenses incorporate the legitimate charges connected with client claims, the deficiency of future deals from disappointed clients, item reviews, item return expenses, and guarantee costs.
External failure cost is one of the three kinds of cost of value. It incorporates the expense an organization causes after a flawed item or administration arrives at the client and it glitches. Two normal instances of this cost are guarantee cost, cost of the return, and cost of return and substitution.
For the most part, we can sum up a wide range of External failure costs into four heads:
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What are the various methods and tools that can be used in monitoring the performance of a Hadoop cluster?
Ganglia, Apache Ambari, Nagios, Cloudera Manager, and HDFS Balancer all analyze a Hadoop cluster's performance.
What are the various tools that can be used in monitoring Hadoop cluster?1. Ganglia: An source code monitoring tool called Ganglia can be used to keep close tabs on the efficiency of Hadoop clusters.
2. Apache Ambari: Apache Ambari is a free management tool that keeps control of the efficiency of Hadoop clusters.
3. Nagios: To track the effectiveness of Hadoop clusters, Nagios is a free software server and network monitoring system.
4. Cloudera Manager. Hadoop cluster performance may be tracked with Cloudera Manager, the for performance monitoring tool.
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What are the 3 components of a good research question?
The 3 components of good research are clarity, relevance, and specificity.
There are several vital components that make up a good research question. Here are three of the most important:
Clarity: The research question should be clear and concise and accurately reflect the focus of the research.Relevance: The research question should address a topic relevant to the field of study and of interest to the researcher.Specificity: The research question should be specific enough to be answered through the research process. It should be narrow enough to allow the researcher to gather and analyze data, but not so narrow that it is difficult to find sufficient information to answer the question.Learn more about the components of research at
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What are the 3 main credit?
Equifax, Experian, and TransUnion are indeed the three largest credit monitoring firms. Credit bureaus differ from credit scoring companies such as VantageScore and FICO. Credit bureaus gather information including payment history and public documents.
What are the three types of credit checks most commonly used?Equifax, Experian, and TransUnion are a few examples. Many people are facing financial difficulties as a result of the COVID-19 outbreak. To stay on top of your finances, you can obtain free credit reports every week until December 2023.
Which of the three credit ratings is utilized the most frequently?The lowest credit score for the VantageScore and conventional FICO® score models is 300, and the maximum credit score is 850. Even if you have excellent credit practices, don't be surprised if your credit score falls below 850. Perfect credit ratings may appear to be unattainable.
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Is $25 a good Instacart tip?
For most orders above $100, the restaurant standard of 15-25%+ works and that's what many customers who value the Instacart shopper's service tip.
Instacart is an American business enterprise that operates a grocery transport and pick-up carrier within the united states of america and Canada. The organisation gives its offerings through a website and cell app. build your online business with the same generation that powers the Instacart App. stay in control of your omnichannel revel in with visibility at the order, save and commercial enterprise degree.
Instacart is a grocery transport provider that employs non-public customers to buy you after which deliver the groceries to your property. It partners with several huge grocery shop chains and gives same-day transport in some of cities.There are two extraordinary client roles with Instacart: complete-carrier shopper and in-save shopper.
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How cost-benefit analysis helps government?
Cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.
What is the cost-benefit analysis?Cost-benefit analysis can be used to assess the costs and benefits of interventions when both are expressed in monetary terms.
Concept symbol Cost-benefit analyses (CBA) and CEA consider health outcomes.
The net present value (NPV), economic rate of return (ERR), and benefit-cost ratio are three suggestive criteria that can be used in a cost-benefit analysis to determine the economic sustainability of a safer school IPF before the project is implemented.
Cost-benefit analysis has been employed as one technique.
This makes an attempt to evaluate and analyze the discounted streams of future benefits and future costs connected with a proposed project in terms of money, much like the forces of the market do for business initiatives.
Therefore, cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.
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Who became president in 1932 because he promised to help the people recover from the economic depression?
In his acceptance speech, Roosevelt addressed the issues of the despair by telling the American humans that, "I pledge you, I pledge myself, to a new deal for the American people." In the election that took area in the fall of 1932, Roosevelt won by using a landslide.
Who elected president in 1932 to clear up the Great Depression?Assuming the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain belief in themselves. He added hope as he promised prompt, full of life action, and asserted in his Inaugural Address, “the only component we have to worry is concern itself.”
What did FDR promise in the 1932 election?Roosevelt united the party, campaigning on the failures of the Hoover administration. He promised restoration with a "New Deal" for the American people.
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https://brainly.com/question/25608255#SPJ4The cah account for Norwegian Medical Co. At April 30 indicated a balance of $12,620. The bank tatement indicated a balance of $14,380 on April 30. Comparing the bank tatement and the accompanying canceled check and memo with the record revealed the following reconciling item:
Check outtanding totaled $5,180. A depoit of $5,390, repreenting receipt of April 30, had been made too late to appear on the bank tatement. The bank collected $2,800 on a $2,660 note, including interet of $140. A check for $880 returned with the tatement had been incorrectly recorded by Norwegian Medical Co. A $800. The check wa for the payment of an obligation to Univeral Supply Co. For a purchae on account. A check drawn for $80 had been erroneouly charged by the bank a $800. Bank ervice charge for April amounted to $30. Required:
Quetion Content Area
1. Prepare a bank reconciliation
Reconciliation of Banks: Due to the fact that banks are unaware of items written by account holders until they are presented for payment, bank reconciliations are the responsibility of the account holder.
Preparing for the Bank Reconciliation
During the bank reconciliation process, it is essential to determine which differences need to be included in the statement and which adjusting entries need to be processed.While any item that is absent from the accounting records is included in the list of valid items on the reconciliation statement, it does not include deposits in transit or outstanding checks. For these items, adjustments must be made to the entries.If a bank error has been found, it should be mentioned in the reconciliation statement and reported to the bank. However, processing errors in the accounting records must be rectified through an adjusting entry rather than being carried over to the reconciliation statement.The bank and book balances at the bank statements' cutoff point serve as the starting point for a bank reconciliation. Expenses are factored into bank balances.
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Full Question = The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $11,260. The bank statement indicated a balance of $13,270 on June 30, 20Y2. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:
a. Checks outstanding totaled $4,780.
b. A deposit of $4,980, representing receipts of June 30, had been made too late to appear on the bank statement.
c. The bank collected $2,590 on a $2,450 note, including interest of $140.
d. A check for $660 returned with the statement had been incorrectly recorded by Pala Medical Co. as $600. The check was or the payment of an obligation to Shoe Supply Co. for a purchase on account.
e. A check drawn for $30 had been erroneously charged by the bank as $300.
f. Bank service charges for June amounted to $50.
Required:
1. Prepare a bank reconciliation Pala Medical Co.
2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount does not require an entry, leave it blank.
3. If a balance sheet were prepared for Pala Medical Co on June 30, 20Y1, what amount should be reported as cash?
for certain controls, such as segregation of duties, documentary evidence may not exist. an auditor would most likely test the procedures by:
A) Documentary evidence may not exist for some controls, like the separation of duties. The procedures would most likely be examined and verified by an auditor.
What takes place when duties are not separated?You put the company at risk by not implementing duties segregation. The increased risk of fraud is one of the biggest threats. The likelihood of fraud increases when a single person is given sole responsibility for two competing responsibilities. This risk is reduced when more than one person performs these tasks.
What evidence does an audit provide regarding the proper division of labor?The auditor observes to determine the appropriate division of labor. The auditor ought to be able to verify that the employees are properly delegating their responsibilities by observing them at work. For instance, the cash receipts and bank reconciliation should be handled by distinct employees.
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Full Question = For certain controls, such as segregation of duties, documentary evidence may not exist. An auditor would most likely test the procedures by:
A. inspection and vouching.
B. confirmation and recomputation.
C. reperformance and corroboration.
D. observation and inquiry.
kent company manufactures a product that sells for $51.00 and has variable costs of $29.00 per unit. fixed costs are $231,000. kent can buy a new production machine that will increase fixed costs by $16,000 per year, but will decrease variable costs by $4.00 per unit. compute the contribution margin per unit if the machine is purchased.
If kent company manufactures a product that sells for $51.00 and has variable costs of $29.00 per unit. the contribution margin per unit if the machine is purchased is $26.00.
How to find the Contribution margin with new machine?Using this formula to find the Contribution margin with new machine
Contribution margin with new machine = Selling price - (Variable cost - Decrease in variable cost)
Let plug in the formula
Contribution margin with new machine = $5100 − ($29.00 − $4.00)
Contribution margin with new machine = $51.00 - $25.00
Contribution margin with new machine= $26.00
Therefore we can conclude that the Contribution margin with new machine is $26.00.
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Part 2 (1 pt) What might be a microeconomic response to inflation? See Hint Choose one: A. Workers refuse raises. B. A company reduces the size of its workforce. O C. The government reduces spending. D. The government raises taxes so that individuals do not spend as much. < 01/04 > ♡ See Hint Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you will pay $10,000 each year for tuition, $2,000 each year for textbooks, and $8,000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $25,000 per year. Assume that if you decided not to go to college, your parents would not let you live at home. What is your opportunity cost for four years of college? $ |
The government raises taxes so that individuals do not spend as much which is a microeconomic response to inflation. Hence, option D is appropriate.
What is the meaning of microeconomics?Microeconomics is a subfield of traditional economics that examines how people and businesses behave when deciding how to distribute scarce resources and how these people and businesses interact.
Microeconomics, even as its prefix suggests, examines the economy on a small scale, such as the financial choices made by individual people. Following are some illustrations of microeconomics: how a neighborhood business chooses to spend its money. how a city chooses to use an excess of government funds.
Hence, option D is correct.
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