The probability that two of the next three customers will make a purchaseis mathematically given as
P(1) =0.441
What is the probability that two of the next three customers will make a purchase?Generally, the equation for Probablity is mathematically given as
A)
P(1) = 3 C 1 (0.3)^1 (0.7)^2
P(1) =0.441
B)
n=1000
E (x) =np = 1000x0.3
E (x) =3.00
C)
Variance= mpq
Variance= 300 x0.7
Variance= 210
In conclusion,
P(1) =0.441
E (x) =3.00
Variance= 210
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which of the following is true about equilibrium? it is a concept used only in economics. it occurs where supply equals demand. it is a point at which there is no tendency for change. economists use it only in the supply and demand model. it can occur when there is either a shortage or a surplus.
It is a point at which there is no tendency for change is a true statement about equilibrium.
Option 3 is correct.
About demand for quantity:The equilibrium market price must match the quantity of the goods desired and delivered. An economy is said to be in equilibrium when all of its forces are in harmony. Economic variables basically remain at their equilibrium levels in the absence of external influences.
Economic equilibrium and market equilibrium are distinct concepts. There is neither a shortage nor a surplus on the market when a product is in equilibrium. The quantity of a good that consumers want to purchase is equal to the quantity that its manufacturers are supplying when supply and demand meet.
Correct Question:which of the following is true about equilibrium?
1. it is a concept used only in economics.
2. it occurs where supply equals demand.
3. it is a point at which there is no tendency for change.
4. economists use it only in the supply and demand model.
5. it can occur when there is either a shortage or a surplus.
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Refer to page 309. Commitment: A Cautionary Tale and provide an example of this issue which has happened to you. 400 words minimum.
Commitment is an important part of life, whether it’s in relationships, work, or other forms of life.
What is commitment?
Commitment is an act of dedicating yourself to a task or goal with enthusiasm and determination. It involves making a promise or pledge to yourself or to someone else to carry out a certain action. Commitment often requires hard work and dedication to achieve your goals.
The ability to be committed to something is seen as a sign of strength and resilience, but it can also be a source of danger. Commitment can sometimes turn into blind loyalty, where one is so devoted to a task, cause, or person that they ignore any potential warning signs that they should reconsider their commitment. This can lead to a variety of unfortunate outcomes, and it’s important to be aware of the risks of blindly committing to something.
I myself have experienced this issue. A few years ago, I was in a relationship with someone who I was deeply committed to. We had been together for a few years, and I was completely devoted to them, to the point where I was ignoring any potential warning signs that the relationship wasn’t healthy. I was committed to making it work, no matter what. Unfortunately, this commitment eventually led me to be in a toxic relationship for much longer than I should have been. I was so loyal to this person that I ignored all the red flags that should have told me that the relationship was no longer healthy for me. In the end, it took me a long time to get out of this relationship and move on, and it’s something I regret to this day.
This experience taught me the importance of being aware of the risks of blindly committing to something. It’s important to remember that commitment doesn’t always mean loyalty, and that it’s okay to take a step back and reassess the situation if something doesn’t feel right. Commitment is a valuable part of life, but it’s important to be aware of the potential risks that come with it. Blind loyalty can lead to serious consequences, and it’s important to stay aware and make sure you’re not ignoring any potential signs of danger.
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The income statement for the year 2014 of Fugazi Co. contains the following information: Revenues $70,000 Expenses: Salaries and Wages Expense $45,000 Rent Expense 12,000 Advertising Expense 10,000 Supplies Expense 6,000 Utilities Expense 2,500 Insurance Expense 2,000 Total expenses 77,500 Net income (loss) ($7,500) After all closing entries have been posted, the revenue account will have a balance of $7,500 credit. $70,000 debit $0. $70,000 credit
After all closing postings are completed, all income and expenses are transferred to the retained earnings account, resulting in a balance of $0.
Option A is correct.
What is written on the income statement?An income statement shows the income, expenses, and profitability of a company for a specified period. It is also sometimes referred to as the Income Statement (P&L) or Income Statement. it shows you: Revenue from sales of products or services. Expenditure to generate revenue and manage the business.
Why is the income statement important?The purpose of an income statement is to provide investors, creditors, and readers with financial information about whether the company is profitable during the financial year. In the context of corporate finance, an income statement is a record of a company's profits and losses over the course of a financial year.
Question is incomplete. Missing options are:
The income statement for the year 2014 of Fugazi Co. contains the following information:
Revenues $70,000,Expenses:,Salaries and Wages Expense $45,000, Rent Expense 12,000, Advertising Expense 10,000, Supplies Expense 6,000 , Utilities Expense 2,500, Insurance Expense 2,000, Total expenses 77,500, Net income (loss) $ (7,500)
After all closing entries have been posted, the revenue account will have a balance of
a. $0.
b. $70,000 credit.
c. $70,000 debit.
d. $7,500 credit.
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Boeing is rolling out a new marketing campaign. The new campaign will start in time for the airlines’ annual planning process, in the second half of the year. Boeing’s marketing plans are
Since Boeing is rolling out a new marketing campaign. The new campaign will start in time for the airlines’ annual planning process, in the second half of the year. Boeing’s marketing plans are short term.
What is a business plan?In Business management, a business plan can be defined as a formally written document that consist of a detailed information on how a business, usually a startup, is to be run and managed, including its objectives, vision, aims, and how an entrepreneur (owner) should achieve its goals in a short term or long term period.
What is marketing?In Business management, marketing can be defined as a strategic process which typically involves developing promotional techniques and sales strategies by a business firm to enhance the availability of goods (products) and services, in order to meet the unending needs of the end users or consumers through advertising and market research.
In this scenario, we can reasonably infer and logically deduce that Boeing’s new marketing campaign are short term because it would only kick-start in the second half of the year
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Connect the product to its market demand
zero demand
irregular demand
overfull demand
latent demand
full demand
The total of each customer's desire for a given product on the market is referred to as the market demand.
What is zero, irregular, overfull, latent, full demand?
A situation where there is no demand for a specific good or service is referred to as having zero demand.Demand that is inconsistent might be referred to as irregular demand. The best illustration of erratic demand is for seasonal goods like vacations, air conditioners, and umbrellas.The condition of overfull demand occurs when the level of demand exceeds the firm's ability to handle or cope with it.Latent demand is essentially a consumer's inability to satisfy a want for a good because he is unable to identify it or doesn't recognize it until it is pointed out to him.A corporation has little wasted inventory and is able to meet the demand when supply is equal to the quantity of demand for a good or service, which is known as full demand.To learn more about market demand refer to:
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Market demand refers to the amount of a product or service that people are willing and able to buy at a given price. Different products have different market demands.
In this question, we need to connect the product to its market demand. The five types of market demands are zero demand, irregular demand, overfull demand, latent demand, and full demand.Zero Demand - This type of market demand occurs when there is no demand for the product, and consumers are not interested in purchasing it. For example, if a new brand of a product is launched in the market that nobody has ever heard about before, it might face zero demand.Irregular Demand - This type of demand occurs when there is an inconsistent demand for the product due to external factors. For example, the demand for an umbrella is more during the rainy season than in other seasons.Overfull Demand - This type of market demand occurs when the demand for a product exceeds the available supply. For example, iPhones are often in high demand during the holiday season, and sometimes stores run out of stock.Latent Demand - This type of demand occurs when consumers are interested in buying a product but cannot do so due to unavailability or other factors. For example, if a particular brand of smartphones is not available in a particular country, consumers may have latent demand for that brand.Full Demand - This type of demand occurs when the demand for a product equals the available supply. In such cases, there is a balance between demand and supply. This type of demand is desirable for most businesses as it helps them maximize their profits.
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Which of the following statements regarding the risk-return relationship is most accurate?
a. Lower credit scores are associated with lower APRs.
b. Higher credit scores are associated with lower APRs.
c. Longer loan length is associated with lower APRs.
d. Shorter loan length is associated with higher APRs.
e. Both Higher credit scores are associated with lower APRs and Shorter loan length is associated with higher APRs are correct.
The statement regarding the risk-return relationship is most accurate is Higher credit scores are associated with lower APRs.
What are Credit scores?
Based on information from your credit reports, a credit score predicts your credit behavior, such as how likely you are to repay a loan on time.
Your eligibility for a mortgage, credit card, vehicle loan, and other credit products, as well as for tenant screening and insurance, are all determined by credit scores. They are also used to calculate your credit limit and interest rate.
Your credit score is generated by businesses using a mathematical formula known as a scoring model and data from your credit report.
Despite variations depending on the credit scoring methodology, generally speaking, credit scores between 580 and 669 are regarded as acceptable, 670 to 739 as good, and 740 to 799 as very good; and 800 and up are considered excellent.
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5. Jeannine has a virtual meeting with her new team today, and she wants to make a great
first impression. What best practices should she use for this meeting? What are three tips
Jeannine can use to better present herself at the meeting?
Behave as you would in an in-person meeting
Sit up straight and pay attention. Try to appear at/near the digicam when speaking.
Avoid searching at different screens, until you're looking up some thing that's relevant to the dialog subject at hand.
How long does it take to make a first impression?Research suggests that most humans make a first impact of a individual inside 7 seconds. Experiments through Princeton researchers even propose that human beings can make correct judgments of others within 1/10 of a second.
What are 3 examples of first impressions?A person's appearance, clothes, physique language, manners, and the way they speak all contribute to first impressions.
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https://brainly.com/question/14082634#SPJ1longhorn corporation provides low-cost food delivery services to senior citizens. at the end of the year on december 31, 2024, the company reports the following amounts:
The Income Statement is one of a company's core financial statements that shows their profit and loss over a period of time, Income Statement of Longhorn corporation is given in the explanation part.
What is financial statements?Financial information is used by investors and financial analysts to assess a company's performance and forecast the course of its stock price in the future. The annual report, which includes the company's financial statements, is one of the most significant sources of trustworthy and audited financial data.
Investors, market analysts, and creditors assess a company's financial health and earnings potential using its financial statements. The balance sheet, income statement, and statement of cash flows are the three primary financial statement reports.
LONGHORN CORPORATION
Income Statement
For the year ended Dec. 31, 2021
Service Revenue $63,700
Expenses:
Cost of Goods Sold $52,600
Salaries Expense $4,700
Delivery Expense $1,800
Total expenses [$52,600 + $4,700 + $1,800] $59,100
Net income [$63,700 - $59,100] $4,600
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Complete question:
explain outside basis
The phrase "outside basis" describes a partner's stake in a partnership. The basis of a partnership's assets is referred to as its "inside basis."
What is the purpose of outside basis?The outside basis of the partner is used to calculate gain or loss on the sale of the partnership interest and may restrict the existing eligibility for deductions for partnership losses.
Is capital account the same as outside basis?The capital account and outer basis of a partner are distinct. The capital account of the partner calculates the equity stake each partner has in the firm. The partnership interest of the partner's adjusted basis is measured by the outside basis.
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. Consumer surplus is: A. The value consumers get from a supplier B. The value consumers do not pay because of a discount by supplier C. The value consumers get from a good but do not pay for D. Equal to the amount consumers pay for a good.
Therefore option C is the correct option.
Consumer surplus is the difference between the price a consumer is willing to pay and the price they actually pay.
Consumer surplus refers to the circumstance when a customer would be willing to pay more for a product but actually pays less, or at a lower price than he would be prepared to pay.
For instance, a customer could be prepared to spend $5 for a magazine but discover that it costs $4 in the mall. The price he is willing to pay less the cost of what he already purchased will be the consumer surplus.
Customer excess = $5 – $4
=$1
Consumer surplus is the discrepancy between a consumer's willing price and the actual price they pay (lesser than the willing price). The consumer benefits since they spend less than what is anticipated for the same level of satisfaction.
The region between the equilibrium price and the demand curve on a supply and demand curve represents consumer surplus.
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The correct option is C. Consumer surplus is The value consumers get from a good but do not pay for.
A customer is someone or a set who intends to order or uses purchased items, products, or services commonly for personal, social, family, family, and comparable needs, who isn't always immediately associated with entrepreneurial or business activities. The time period maximum usually refers to someone who purchases goods and services for non-public use.
The law generally uses a perception of the client in terms of patron safety legal guidelines, and the definition of consumer is often restricted to living folks (now not companies or businesses) and excludes industrial customers. an ordinary criminal motive for protecting the consumer is based totally on the perception of policing marketplace disasters and inefficiencies, together with inequalities of bargaining strength between a customer and a business. As all capacity citizens are also consumers, patron safety has a clean political importance.
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The nation of Kona cultivates coffee beans and cassava, from which all their consumer goods are produced.
In 2010, 100 cups of Mocha Coffee cost $2.00 per cup, 50 quarts of sweet pudding cost $1.5 per quart, and 25 packages of Cassava Leaf salad cost $1.00 per package.
In 2015, 100 cups of MC cost $2.5 a cup, 50 quarts of SP cost $2.2 a quart, and 25 packages of CLS cost $1.2 a package.
1. Calculate the cost of the marker basket of goods in 2010 and 2015.
The cost of marker basket of goods in 2010 and 2015 2010: $200 +$75 +$25= $300 2015: $250 + $110+ $30=$390
The amount of money required to create, market, and sell goods and services or to buy assets is referred to as the cost. When something is sold or consumed, a cost is added to the costs. In the event of an asset, the expense charge may be delayed for a long period. When a company markets itself as the sector's least expensive manufacturer or supplier of a particular commodity or service, the phrase "cost leadership" is employed. Implementing the plan is difficult since management must constantly work to lower costs at every level to stay competitive. As a result, a cost's nature determines the category of expense to which it is finally assigned.
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4. social security tax is calculated on (a) total earnings and marital status (b) number of withholding allowances (c) total earnings and number of withholding allowances (d) employee earnings up to a maximum paid in a calendar year. (p. 355)
Social security tax is calculated on (d) employee earnings up to a maximum paid in a calendar year.
If you are still working in retirement, you could have to pay taxes on your Social Security income. If your yearly personal income is between $25,000 and $34,000, you may be forced to pay up to 50% in taxes on your Social Security benefits. If your income is higher than $34,000, you might have to pay up to 85% of it. To lower your tax, you can lower your income, move income-producing assets to an IRA, withdraw less money from retirement accounts, and contribute the necessary minimum distribution.
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Fill in the table below to show what happens when the Federal Reserve buys $100,000 in securities when the reserve rate is 10%. Assume that all excess reserves are loaned out. Federal Reserve Bank Assets | Liabilities Bank ONE Assets Liabilities Bank TWO Assets Liabilities
The tables to show hat happens when the Federal Reserve buys securities are:
Federal Reserve Bank
Assets Liabilities
Securities $ 100, 000 Reserves $10, 000
Bank ONE
Assets Liabilities
Securities $ 100, 000 Deposits $100, 000
Required reserves $ 10, 000
Loans $ 90, 000
Bank TWO
Assets Liabilities
Required reserves $ 9, 000 Deposits $90, 000
Loans $ 81, 000
How to record securities purchased by Federal Reserve ?When the Federal Reserve purchases securities, the banks get the value of the purchase as deposits. They then make loans with it but the loans made have to be adjusted for the required reserve as shown by Bank ONE :
= Deposits x ( 1 - reserve rate )
= 100, 000 x ( 1 - 10 %)
= $ 90, 000
When these loans are given out and taken to another bank, that bank creates another loan like Bank TWO did which is also adjusted for the required reserves.
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1.Find the incorrect option:
a. Proper fraction has a large denominator.
b. Irrational number never end.
c. Integer includes negative, zero and positive.
d. Decimal number is called Hindu-Arabic number also.
2.Which one of the following is a monomial?
a. 2 + 3x
b. 3 + x
c. 5a x 36b
d. 20 -1
e. a ÷ e + 3
3.Which of the following is not correct for order of operation?
a. BODMAS
b. PEMDAS
c. Calculation from left to right
d. Calculation of parenthesis is not possible before exponent operation.
e. Calculation of division is not possible before multiplication operation.
1. explain in depth why talking with buyers rather than talking at buyers is critical to success in selling. provide an example using a real-life personal example.
Talking with buyers rather than talking at buyers is critical to success in selling. Because talking with buyers give truth and right customer feedback to the salesperson.
The selling is the method in which performed in the marketplace to sell the products or services which is manufactured from the one company and sells to the retailer, broker, shareholder and directly consumers.
The example of using a a real-life personal example to build the relationship with customer to improvement in the product and get right customer feedback. So, that to make more sales and interactive information about the buying and selling. To do this, communication is needed and updating the product for achieving the customer expectation.
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. What is credit risk from the banking perspective? Explain in detail.
Credit risk is the possibility of a loss as a result of a borrower's failure to repay a loan or meet contractual obligations. It traditionally refers to the risk that a lender will not receive the owed principal & interest, resulting in a disruption in cash flows and higher collection costs.
There is a risk that borrowers will not repay mortgages, credit cards, or other types of loans. Similarly, if a company extends credit to a customer, the customer may fail to pay their invoices. Credit risk also refers to the possibility that a bond issuer will fail to make timely payments or that an insurance company will be unable to pay a claim.
Credit risks are calculated based on a borrower's overall ability to repay a loan in accordance with the terms of the original loan. Lenders consider the five Cs when assessing credit risk on a consumer loan: credit history, repayment capacity, capital, loan terms, and associated collateral.
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which of the following ideas is most likely to be supported by the followers of skinner's theory?
The principle that conduct that is rewarded tends to be repeated while behaviour that is punished tends to be removed is the one that supporters of Skinner's theory are most likely to agree with.
Skinner's Theory: What is it?The initial stimulus that is offered to a subject causes them to respond, according to Skinner's theory of learning. Next, the reaction is strengthened (stimulus, response, reinforcement). This is ultimately what affects our behaviour.
This process was made easier to learn by the development of the behaviourism ABCs.
The development of behaviour requires reinforcement, in line with Skinner's theory of learning. It's possible for an event to encourage a certain behaviour in a positive or negative way.
Positive reinforcement includes rewarding a child with a present or compliments for keeping their room tidy. Positive reinforcement also refers to behaviours that boost a response by acting as a stimulus for such behaviours.
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. Examine the case of Harley Davidson from a STP perspective and state the Marketing Mix (4P) strategy implemented by them for their women customers. What is your opinion on the strategy?
In niche market, Harley-Davidson concentrates its efforts and resources, constrained area of market. The limited size of niche market, however, reduce likelihood of obtaining high profit which is disadvantage of market.
What is a niche market?A market sector known as a niche market has its own particular needs or preferences. These requirements may result from the buyer's spending limit, geography, interests, attitude toward the goods, or other considerations. Due to the fact that they have specific wants that aren't frequently met by the competition, customers in these specialized niche industries tend to be more loyal to small enterprises. Because of this, they might be a more receptive target market for your chosen niche product. In online business, niche markets are prevalent worldwide. Almost every bigger market you can sell to includes a few niche products that appeal to a small but devoted group and require less marketing work on your part.
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2.) The following question contains the word EXCEPT. Please read the question carefully and look for the choice that could NOT cause the described situation.
After replacing only the disc brake pads, all of these should be done before road testing the vehicle EXCEPT:
OA. torque the lug nuts.
OB. bleed the brakes.
OC. check the master cylinder fluid level.
OD. apply the brakes several times.
After replacing only the disc brake pads, all of these should be done before road testing the vehicle torque and the lug nuts. Hence, option A is appropriate.
What is the meaning of a Vehicle?
A vehicle is a piece of equipment, like a car, bus, or truck, that contains an engine and is utilized to transport people around.
There are several ways to categorize vehicles; in North America, trucks and passenger vehicles are separated by gross vehicle weight rating and total interior capacity, respectively (GVWR). In the European Union, vehicle segments employ linear metrics to describe size.
India offers a wide variety of vehicles to choose from, however, the majority of vehicles fall into one of the following seven body types: hatchback, sedan, SUV, MUV, coupe, convertible, as well as a pickup truck.
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Which sentences identify the advertising objectives of a business? From — to —
A confectionery business ran into trouble when news of a possible contamination reached its consumers. After a consumer uproar overnegligence,
the company decided to restore its credibility with the help of public relations. —It released statements to the media about its strict regulated processes
and also refuted rumors of contamination. It decided to target a market between ages five and fifteen to help position the product as child friendly
and establish it as safe to consume. The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility
and boost sales as compared to rivals. However they did not reduce prices, as reducing prices would be met with suspicion. Frequency of the
advertised commercial was increased in order to increase recall among consumers. —This proved effective, as within a few months there was no
further drop in sales and sales slowly started gaining momentum.
Advertising has three essential objectives: to inform, to persuade, and to remind. Informative Advertising creates awareness of brands, products, services, and ideas. It announces new products and packages and can train humans about the attributes and benefits of new or hooked up products.
What is advertising objectives supply an example?One marketing goal is to reveal the effectiveness of a product or its ease of use. A common instance is the "before and after" technique, which suggests how well a product cleans, improves appearances or enhances quality of life.
There are a number of kinds of advertising objectives, however the four predominant types are profitability+ objective, market share objective, promotional objective, and boom objective.
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1.) The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility and boost sales as compared to rivals
2.) Frequency of the advertised commercial was increased in order to increase recall among consumers.
Explanation:
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job cost sheets can be used to: (check all that apply.)multiple select question.monitor costs incurred and to predict costs for each job.provide a subsidiary ledger for the raw materials inventory account.provide a record for the cost of goods sold account.provide a subsidiary ledger for the finished goods inventory account.
The cost sheets can be used to monitor costs incurred and to predict costs for each job.
They can also provide a record for the cost of goods sold account. However, they cannot provide a subsidiary ledger for either the raw materials inventory account or the finished goods inventory account.
A company's ready-to-sell goods and products, as well as the raw materials used to make them, are referred to as inventory. There are three different inventory classifications: raw materials, work-in-progress, and finished goods.
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Neal is a coffee drinker. At the local coffee shop, the price of a cup of coffee is $3. Neal’s total benefits from drinking coffee are indicated in the accompanying table. Use this information to calculate Neal’s marginal benefit of consuming each cup of coffee..
Neal is a coffee drinker. At the local coffee shop, the price of a cup of coffee is $3. The cost of the coffee Is $3, so comparing benefits and cost, Neal should consume 4 cups of coffee per day.
What is Neal’s marginal benefit of consuming?Generally,
marginal= Change total benefit /Change quantity
For each cup of coffee: For the first cup, the benefit is $8;
For the second:
marginal = 14-8/2-1
marginal = 6
For the third:
marginal = 18-14/3-2
marginal = 4
For the fourth:
marginal = 20-18/4-3
marginal = 2
For the fifth:
marginal = 21-20/5-4
marginal = 1
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CQ
Neal is a coffee drinker. At the local coffee shop, the price
of a cup of coffee is $3. Neal's total benefits from
drinking coffee are indicated in the accompanying table.
Use this information to calculate Neal's marginal benefit
of consuming each cup of coffee.
Quantity of
coffee
(cups per day)
Total
benefits
2
3
$8
$14
SI8
$20
$21
4
5
a. The marginal benefit of the first cup is 5
b. The marginal benefit of the second cup is $
10
c. The marginal benefit of the third cup is $15
d. The marginal benefit of the fourth cup is 25
e. The marginal benefit of the fifth cup is s
f. Neil should consume
cups of coffee per day.
TRUE OR FALSE according to the textbook, there are multiple stages of composition, for both experienced and novice writers, but these stages are not always separate and distinct tasks.
"According to some textbook and writing theories, there are multiple stages of composition, for both experienced and novice writers, but these stages are not always separate and distinct tasks. "The given statement is true .
The reason for the given statement being true is that writing process can be nonlinear and recursive, meaning that writers may move back and forth between stages as they work on a piece of writing. Additionally, some stages may overlap or occur simultaneously.
Hence the above statement is true.
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assume that general motors employs labor and materials, whose costs are denominated in dollars, in the production of automobiles. if the dollar's exchange value appreciates by 10 percent against the yen, the yen-denominated cost of a gm vehicle falls by 10 percent.
The given statement, "assume that general motors employs labor, if the dollar's exchange value appreciates by 10 percent against the yen, the yen-denominated cost of a gm vehicle falls by 10 percent", is false because the exchange value depreciates.
The appreciation of the dollar against the yen can provide a great benefit to General Motors. By reducing the cost of labor and materials denominated in yen by 10%, GM can significantly reduce their production costs and increase their profit margins.
This appreciation can also help GM to become more competitive in global markets, as they can offer their vehicles at lower prices than their competitors. Thus, the dollar's exchange value appreciates by 10 percent against the yen, the yen-denominated.
Hence, option B is correct.
The given question is incomplete, so the complete question is given here-
Assume that the general motors employs labor and materials, whose costs are denominated in dollars, in the production of automobiles. if the dollar's exchange value appreciates by 10 percent against the yen, the yen-denominated cost of a gm vehicle falls by 10 percent. The given statement is-
A. True
B. False
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Elements of a valid contract
fill in the blank. you are considering whether you should go out to dinner at a restaurant with your friend. the meal is expected to cost you $50, you typically leave a 20% tip, and a round-trip uber ride will cost you $15. you value the restaurant meal at $30 and the time spent with your friend at $50. you should___to dinner with your friend because the benefit of doing so is___than the cost.
You should go to dinner with your friend because the benefit of doing so is greater than the cost.
How do you determine the value of benefits?By dividing the total yearly benefits spending by the total annual salary spending, you can determine the average benefits load for all employees. The value of benefit is an estimation or projection, expressed in monetary or non-monetary terms, of the anticipated good outcomes or benefits of a planned activity, initiative, or program.
Given:
Expected cost = $50
Tip = 20% = (0.2 × $50) = $10
Round trip transportation = $15
Total cost = ($50 + $10 + $15) = $75
Benefit derived from going to dinner :
Value of meal = $30
Valuation of time spent = $50
Total value of benefit = ($30 + $50) = $80
Since, the benefits exceed the cost, $80 > $75
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match each of the following scenarios with the appropriate graph of the market for loanable funds.
a. An increase in the real interest rate results in only a small increase in private saving by households. This matches graph
b. A decrease in the real interest rate results in a substantial increase in spending on investment projects by businesses. This matches graph
c.The federal government eliminates RRSPs and TFSAs (tax-deductible retirement accounts). This matches graph 7
d. The federal government reduces the tax on corporate profits. (Aasume no change in the federal budget deficit or budget surplus) This matches graph
A market in business is an industry or area of the economy where products and services are traded.
What does "market" mean?Markets are locations where people exchange products and services. Additionally, it's a phrase for the general state of the economy, which includes elements like supply and demand, rivalry, and pricing. As an example, the stock market or real estate market are examples of particular economic sectors that might be discussed.
Select the appropriate market for loanable money graph for each of the following circumstances.
a. Household private savings only slightly increase in response to an increase in the real interest rate. This matches the graph.
b. Businesses spend significantly more on investment projects as a result of a decline in the real interest rate. This matches the graph. The federal government abolishes the RRSP and TFSA (tax-deductible retirement accounts). This matches the graph. 7
c. The federal government lowers the tax rate on business profits. (Assume there is no change in the federal budget surplus or deficit.) This lines up with graph 8.
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true or false: inflation does not reduce the purchasing power of most workers.
True. Inflation does not reduce the purchasing power of most workers. Revenue from printing money; printing money cause inflation which is like a tax on everyone who holds money.
What is Inflation?
Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines. A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
The objective of measuring inflation is to determine the overall effect of changes in price for a variety of goods and services. It enables a single value representation of the rise in the cost of goods and services over time in an economy.
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Smith Co. purchased $8,000 of supplies on credit. How would this transaction be recorded?
The transaction would be recorded by debiting the "Accounts Payable" account and crediting the "Supplies" account in the general ledger.
What is the process of recording a credit purchase transaction in the accounting system?When a company purchases something on credit, the transaction is recorded by debiting the "Accounts Payable" account and crediting the relevant asset account in the general ledger. This is because, when a company purchases something on credit, it is incurring a liability, which is an obligation to pay the supplier in the future. The debit to Accounts Payable records this liability, while the credit to the relevant asset account records the increase in the company's assets. The process of recording credit purchase transactions in the accounting system is important to keep track of the company's liability and assets.
The transaction would be recorded by debiting the "Accounts Payable" account and crediting the "Supplies" account in the general ledger. The debit to Accounts Payable increases the amount the company owes to its suppliers, while the credit to Supplies increases the company's assets.
This is because, when a company purchases supplies on credit, it is incurring a liability, which is an obligation to pay the supplier in the future. The debit to Accounts Payable records this liability, while the credit to Supplies records the increase in the company's assets.
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which of the following items are classified as noncash investing and financing activities? (check all that apply.) multiple select question. retirement of debt by issuing stock repayment of a note with cash lease of assets in a long-term lease transaction conversion of preferred stock to common stock
The retirement of debt by issuing stock and lease of assets in a long-term lease transaction are classified as noncash investing and financing activities.
The noncash investing is the investing in which the use of financial tools other than cash to make an investment or purchase. The noncash investing include the spending of the taking out a loan or signing a note payable.
The noncash investing is the zero net reduction of cash during the investing and it is the most big advantage for the non cash reduction investment. The lease of assets in a long-term lease transaction are classified as noncash investing and financing activities.
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