Which of the following actions would help a firm's growth problem if its actual sales growth exceeds its sustainable rate of growth?
I. Increase prices
II. Decrease financial leverage
III. Decrease dividends
IV. Prune away less-profitable products

Answers

Answer 1

The only way a business can expand faster than its present sustainable growth rate is by taking on more debt.

Economists claim that one or more of the fundamental business ratios must alter if a company's sales increase at a pace that is higher or lower than the sustainable rate. Borrowing, issuing more equity, investing personal wealth, or decreasing dividends are all potential funding options if a company's actual growth rate momentarily exceeds its sustainable pace. If the company decides against taking any of these steps, it must slow down to a sustainable growth rate, at which point it will no longer require additional funding to pay for the extra costs and assets that are no longer required.

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Related Questions

Which of the following is an important question that is answered in a business plan? a) What are the marketing strategies used by the entrepreneur's competitors?​b) What are the trade restraint strategies used by businesses in the external environment?c) What are the entrepreneur's goals and objectives?​d) What are the overhead costs of the entrepreneur's venture?​e) How will the entrepreneur divest strategic business units?

Answers

The Important Question , What are the ambitions and objectives of the entrepreneur? is a key topic that is addressed in a business plan. C is the appropriate response.

What does the term "entrepreneur" mean?

A business owner who is willing to take economic problems in order to thrive is an entrepreneur. Merriam-Webster provides the following definition of the word "entrepreneur." But isn't it much more than that? It is all about zeal. It involves spotting opportunities and coming up with creative solutions.

Who are the so-called entrepreneurs?

A person who spots a gap in a industry and works to fill it is called an entrepreneur. In the past, the term has also been used to refer to an individual who starts a company because they perceive a possibility for profit in becoming able to fill a particular need.

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which sectors of the economy suffered the biggest declines in texas in 2009?

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The year 2009 was marked by a severe recession in the United States, and Texas was not immune to its effects. The sectors of the Texas economy that suffered the biggest declines in 2009 were the manufacturing, construction, and oil and gas industries.

The manufacturing sector, which includes the production of goods such as machinery, transportation equipment, and electronics, experienced a significant decline in output due to reduced demand from both domestic and international markets. This was particularly true for the state's high-tech manufacturing industries, which were hit hard by the global economic downturn.

The construction sector, which includes residential and non-residential construction, was also heavily impacted by the recession. The collapse of the housing market in Texas led to a sharp decline in residential construction activity, while reduced investment in commercial real estate projects resulted in a decline in non-residential construction activity.

The oil and gas industry, which is a major contributor to the Texas economy, also suffered a significant decline in 2009 due to lower demand and falling prices. This led to reduced drilling activity, layoffs, and decreased investment in the sector.

Overall, the Texas economy was hit hard by the recession in 2009, with many sectors experiencing significant declines in output, employment, and investment. However, the state's diverse economy and entrepreneurial spirit helped it recover relatively quickly compared to other parts of the country.

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if enforcement is aimed at buyers of an illegal good, the result will bean increase in the short-run supply of the good. a decrease in the short-run supply of the good. a decrease in demand for the good. an increase in the price of the good.

Answers

If enforcement is aimed at buyers of an illegal good, the result can be a decrease in demand for the good.

This is because if consumers are being targeted, they'll be much less probable to purchase the unlawful good, as they fear the effects of getting caught. This lower in demand will ultimately cause a lower in the brief-run deliver of the good, as producers can have fewer customers to sell to.

Similarly, the reduced demand and supply will likely result in an growth within the charge of the good. that is due to the fact the illegal nature of the good limits the number of providers who are inclined to take at the chance of producing and distributing it.

As a end result, the providers who are willing to take in this risk can be able to charge better charges, specifically within the short run when the deliver is restrained.

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what name the fermented product that was highly prized with a well-kept secret recipe ?

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Kefir is a fermented milk product that contains live probiotic organisms and is rich in the nutrients your body needs protein, minerals, vitamins.

Kefir dates back centuries to the Caucasian shepherds. They found that fresh milk in a leather bag sometimes fermented into a soda.

In the Caucasus, legend has it that kefir grains (not real grains) were gifts to the Orthodox people of Muhammad, who taught them how to use grains. Muhammad strictly forbade revealing the secrets of making kefir to others or giving kefir grains to others, as this would result in the loss of their "magical powers". For most of recorded history, kefir was largely unknown outside the Caucasus, but Marco Polo mentioned kefir when reviewing his travels.

This self-carbonated milk drink is popular in Russia, Southwest Asia, Eastern and Northern Europe, and more recently in the United States.

Basically, kefir is made by fermenting "kefir" grains, which resemble miniature he cauliflower the size of wheat grains. These grains consist of gelatinous colonies of microorganisms that have grown symbiotically together with casein. 

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dorothy parsons recently celebrated her 65th birthday. she has just enrolled in medicare part a and part b, and wants to purchase additional insurance to cover the expenses medicare will not pay. what type of plan does dorothy want?

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Dorothy wants a Medicare Part E insurance plan. Prescription medicines are not covered under Medigap Plan E. Only specific out-of-pocket expenses associated with Medicare. Answer is option (A).

What is Medicare Part E policy?

Those 65 and older who are Medicare-eligible, have paid into the federal employee retirement program in place of Social Security, are U.S. citizens or have been lawful permanent residents of the country for at least 5 years.

Those who have received Social Security disability benefits for the past two years. Employees with end-stage renal disease (ESRD) or amyotrophic lateral sclerosis, their spouses, or children. If they are at least 65 years old, dependents & widows or widowers of retired people are covered.

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Options for the given question is,

A). Medicare Part E policy

B). Medicaid savings account

C). Physician's Expense policy

D). Medigap policy

which of the following people would be considered unemployed? which of the following people would be considered unemployed? a person who quits work to care for aging parents a person who quits a job to return to school full time a person who works two part-time jobs but is looking for a full-time job a person who stayed at home to raise his children and now starts looking for a job

Answers

Option (e), A parent who raised his children at home and is now looking for work is regarded as being unemployed.

What effects do parents who are unemployed have?

Family unemployment is another factor examined. Some of the negative effects of unemployment on families include poverty and hardship, strained relationships, decreased health (although the causal links are not always evident), and housing stress. Unemployment may damage children's ability to develop and future employment opportunities.

What happens when someone is out of a job?

Together with losing money, unemployed people frequently struggle with their physical and mental wellbeing. For society, a high unemployment rate carries costs. Government costs include lost worker productivity as well as benefit payments, which reduces the gross domestic product (GDP).

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developing a product strategy involves studying your product and company features but does not involve configuring value-added solutions. true/false

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The statement , "developing a product strategy involves studying your product and company features but does not involve configuring value-added solutions" is False , because it involve configuring value-added solutions.

The Product Strategy is defined as a plan that outlines how a company will market, sell, and support a product or service.

This involves understanding customer needs and preferences, analyzing competitors, identifying market opportunities, and developing a unique value proposition that sets product apart from others in market .

A key aspect of developing a product strategy is identifying the value-added solutions that the product offers to customers.

This may involve configuring the product to meet specific customer needs or developing additional features and services that enhance the value of the product.

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committing significant resources to top concepts happens at what phase of the creative process?

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The Creative process is the development of an idea into its final form through the progression of study and action. This is the trial or incubation phase.

The Creative process involves critical thinking and problem- working chops. From songsmiths to TV directors, generators generally go through five stages in bringing their ideas to life medication, incubation, lighting, evaluation, and review.

Incubation Phase: While it may feel counter-intuitive at first, the alternate step in the creative process is to detach from all the brainstorming you've just been doing.

When you take a break from your ideas and do commodity differently, your subconscious continues to fester all of the set information into your new idea.

The incubation phase involves the review and development of the design, which allows for creativity and brainstorming in the numerous directions the design should take.

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an interest rate charged to a customer during the early stages of a loan; the rate often goes up after a specified period of time.a) Introductory rate
b) New customer fee

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The correct option is A. An interest rate is charged to a customer during the early stages of a loan; the rate often goes up after a specified period of time is Introductory rate.

An introductory rate in business refers to a temporary interest rate or price that is offered to new customers for a specific period of time. The purpose of an introductory rate is to attract new customers and encourage them to try out a product or service.

For example, credit card companies may offer a low introductory rate to new customers for the first six months. After the introductory period is over, the interest rate increases to the regular rate. Similarly, subscription-based services such as streaming platforms may offer a free trial period or a discounted rate for the first month to new customers.

Introductory rates can be an effective marketing strategy to acquire new customers and increase revenue. However, businesses must carefully consider the long-term impact of introductory rates on profitability, customer retention, and brand reputation. It is important to be transparent about the terms and conditions of introductory rates to avoid customer dissatisfaction and potential legal issues.

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What carries the most weight in a FICO score?

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The FICO score is a credit score that is widely used by lenders to assess an individual's creditworthiness. FICO scores range from 300 to 850, with higher scores indicating better creditworthiness.

There are several factors that go into calculating a FICO score, and the weight given to each factor can vary depending on an individual's specific credit history. However, the five main factors that make up a FICO score and their typical weightings are:

Payment history (35%): The most important factor in a FICO score is an individual's payment history, which includes whether they have paid their bills on time, how late payments were, and whether any accounts were sent to collections.

Amounts owed (30%): This factor looks at the amount of debt an individual owes compared to their available credit, as well as the types of accounts they have and the balances on each.

Length of credit history (15%): This factor considers the age of an individual's credit accounts and the length of time since their most recent activity.

Credit mix (10%): This factor looks at the different types of credit an individual has, such as credit cards, car loans, and mortgages.

New credit (10%): This factor considers the number of new credit accounts an individual has opened recently, as well as the number of credit inquiries on their report.

Overall, payment history and amounts owed carry the most weight in a FICO score, accounting for 65% of the total score. Therefore, it is important to make payments on time and keep debt levels low to maintain a good credit score.

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Which of the following best describes the term cycle time?
A) Average time between completions of successive units
B) Ratio of the time a resource is activated over its use
C) Can be no more than 60 minutes
D) The same as utilization
E) The labor content of the item being measured

Answers

Average time between completions of successive units best describes the term cycle time. Takt time is the average amount of time that elapses between the start of manufacturing two subsequent product units.

Internally, the phrase "inventory cycle time" is used to describe how long it takes to transform raw materials into finished goods. Cycle Time is calculated as Net Production Time / Total Units Produced. The wavelength is the separation between two consecutive identical wave cycle points (for instance, two successive peaks or troughs in the wave). It concentrates on all tasks Average in charging and collecting money for services.

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Under the leadership of Prince Henry the Navigator, the Portuguese emerged as an early sea power. Which of these inventions contributed to Portuguese sea-faring? O chronometer O Gokstad O topsal O astrolabe

Answers

The invention that contributed to Portuguese sea-faring under the leadership of Prince Henry the Navigator was the D. astrolabe .

What was the astrolabe ?

The astrolabe was an ancient instrument used by mariners and astronomers to measure the altitude of celestial bodies, such as the sun and stars.

The astrolabe was a crucial tool for the Portuguese navigators during their explorations, as it allowed them to travel further into unknown waters with more accuracy and confidence.

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pure ______ involves a very large number of firms.

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Pure competition involves a very large number of firms, each producing a standardized product or service. In a pure competition market, there is no single firm that has enough market power to influence the market price, and all firms are price-takers.

In a pure competition market, there are no barriers to entry or exit, meaning that new firms can enter the market easily, and existing firms can exit the market just as easily. This creates a situation where firms are constantly competing with each other, which keeps prices low and prevents any one firm from dominating the market.Because all firms in a pure competition market produce a standardized product, buyers have little reason to prefer one firm's product over another. As a result, firms must compete primarily on price, which means that profit margins are generally low.Pure competition is often used as a benchmark for evaluating the efficiency of other market structures, such as monopolies or oligopolies. While pure competition may not be a common market structure in practice, it is still an important concept for understanding how markets work and how firms compete with each other.

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Which marketing management philosophy is often adopted by organizations that sell unsought products such as life insurance, retirement plans, and pre-planned funeral services?
a. Profitability orientation
b. Production orientation
c. Marketing orientation
d. Product orientation
e. Sales orientation

Answers

Because insurance policies are developed based not on consumer demands but rather on offering the best coverage compared to rivals, it is a good example of a firm that is sales-oriented.

When choosing one of four ideologies to follow when developing an organisational marketing process, businesses. Production, sales, marketing, and societal marketing orientations make up the four philosophies. This is a product that consumers may not generally seek out, depending on the sort of insurance. One of the toughest challenges for an insurance company salesperson is the possibility of having to persuade customers that they even need insurance. Because of this, insurance companies may employ pushy marketing strategies and sales techniques to close deals.

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The journal entry to record issuing materials to be used in production credits ______.-Work in process-Manufacturing overhead-Accounts payable-Raw materials

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The journal entry to record issuing materials to be used in production credits raw materials. Thus, option (D) is correct.

What is production?

Production is the process of mixing aggregate inputs, both immaterial (such as plans or collection) and material (such as metal, wood, glass, or compounds). In a perfect world, this output would be a commodity or service that is useful to people and has value.

As, the term raw material is referring as, a feedstock, unrefined material, or primary trade good, is a basic material that is used to create goods, finished goods, energy.

Therefore, The right option (D) is correct.

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what is the insure domestic tranquility?

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Insure domestic tranquility is a expression from the preamble of the United States Constitution. which outlines the underlying principles and purposes of the government.

It refers to the government's responsibility to maintain peace and order within the country and to help domestic disturbances and conflicts. The expression emphasizes the significance of guaranteeing social stability and obviating any form of violence or civil uneasiness that may hang the safety and well- being of the citizens. The government can negotiate this by administering laws and furnishing acceptable resources to maintain law and order.

The conception of domestic tranquility is essential for the peace and progress of any nation, as it enables people to live and work peacefully without fear of damage or dislocation.

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Which human services workers must have a strong sense of visual style in order to carry out the tasks for which they are hired?
a. social workers b. personal care service workers c. preschool teachers d. consumer services workers

Answers

Preschool instructors are among the human services professionals who need a good sense of visual style in order to perform the duties for which they were hired.

Which employees in the human services industry need a good sense of aesthetics to perform the duties for which they were hired?

Preschool instructors are among the human services professionals who need a good eye for visual style in to successfully carry out the duties for which they were hired. To provide young children with a visually appealing and exciting learning environment, early childhood educators need to have a good sense of visual style. To assist children learn and grasp topics, teachers may employ a variety of visual aids, including posters, images, and diagrams. In order to highlight the children's work and encourage creativity, early childhood educators may also need to develop art projects and displays. While other social service professionals may also employ visual assistance in their work, preschool instructors in particular benefit from a keen understanding of visual style.

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FILL IN THE BLANK. When evaluating a tax system, _______ suggests that taxpayers should be able to determine when to pay the tax, where to pay the tax, and how to determine the tax.

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When evaluating a tax system, certainty suggests that taxpayers should be able to determine when to pay the tax, where to pay the tax, and how to determine the tax. According to the ability-to-pay taxation philosophy, taxes should be assessed in accordance with a taxpayer's financial capacity.

The idea is that those with higher incomes can and ought to pay more in taxes, as can businesses and corporations. It is recommended that tax systems be assessed using a hierarchical evaluation framework made up of primary, partial-integrated, and complex-integrated indicators.

Three categories of primary non-recurrent indicators are used to evaluate the tax system from different perspectives. A corporations, practise, intervention, or initiative can be studied scientifically through evaluation to determine how well it achieves its objectives.

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your parents’ after-tax income has increased because of a tax cut passed by congress. they therefore increase your allowance, which you spend on a spring break vacation.

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Principle #12 states that government policies can change spending. When Congress passes a tax cut, it reduces the amount of taxes that individuals and businesses have to pay.

This principle is based on the idea that the government has a significant influence on the economy through its policies, such as monetary and fiscal policies. Monetary policy refers to the actions taken by the central bank of a country to influence the supply and cost of money in the economy. For example, if the central bank reduces interest rates, it becomes cheaper for individuals and businesses to borrow money. This, in turn, can increase spending on investment and consumption, stimulating economic growth. Fiscal policy, on the other hand, refers to the government's use of taxation and spending to influence the economy. For example, if the government increases spending on infrastructure projects, it can create jobs and stimulate economic growth. Similarly, if the government reduces taxes, it can increase disposable income, which can lead to increased consumer spending. Overall, government policies can have a significant impact on the economy by changing the incentives that individuals and businesses face. By implementing policies that encourage investment and consumption, governments can stimulate economic growth and improve living standards.

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abc company has sales revenue of $175,000, sales discounts of $10,000, cost of goods sold of $50,000, and operating expenses of $75,000. what is their gross profit?* $40,000 $115,000

Answers

The gross profit for ABC Company based on the information provided is $115,000.

To calculate ABC Company's gross profit, you need to subtract the cost of goods sold from the net sales. Net sales are calculated by subtracting any sales discounts from the gross sales revenue.

Using the information provided:

Gross sales revenue = $175,000

Sales discounts = $10,000

Net sales revenue = Gross sales revenue - Sales discounts = $175,000 - $10,000 = $165,000

Cost of goods sold = $50,000

Now, we can calculate the gross profit as:

Gross profit = Net sales revenue - Cost of goods sold = $165,000 - $50,000 = $115,000

Therefore, The gross profit for ABC Company based on the information provided is $115,000.

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Pregnant Sailors are authorized to wear maternity clothing form a) what occurrence until b) what time?

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Personnel is expected to wear regular uniforms upon return from convalescent leave, notwithstanding, Chiefs might endorse the wear of maternity regalia as long as a half year from the date of conveyance given the clinical official finding/proposal.

Certified maternity uniform garbs are required for all pregnant ladies in the Naval force when a uniform is recommended, and standard regalia presently does not fit. Since they're custom fitted to oblige your evolving body, numerous ladies feel maternity garments are more agreeable.

A maternity dress is a brilliant decision for pregnant ladies, yet it can likewise be worn by non-pregnant ladies. A few ladies find wearing maternity garments agreeable regardless of whether they are not pregnant, while others think that it is undemanding.

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Perfect competition is characterized by all of the following except: A) a large number of buyers and sellers. B) firms can set their own prices. C) no restrictions on entry into or exit from the industry. D) buyers and sellers are well informed about prices. E) firms produce an identical product.

Answers

Perfect competition is characterized by all of the following except firms can set their own prices.

Perfect competition is a theoretical market structure in which a large number of buyers and sellers interact, with each individual firm being a small player in the market. In a perfectly competitive market, firms produce an identical or homogeneous product and have no control over the market price. This is because they are price takers, meaning they must accept the prevailing market price. In addition, there are no barriers to entry or exit from the market, and buyers and sellers have perfect information about prices and products. The absence of market power and information asymmetry in perfect competition leads to economic efficiency and allocative efficiency, meaning resources are allocated to their most valuable use. However, perfect producers competition is a rare phenomenon in the real world, and most markets exhibit some degree of market power or information asymmetry.

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Ill in the blanks to complete the marginal product of labor column for each worker. Labor output marginal product of labor (number of workers) (pizzas) (pizzas) 0 0 80 1 80 2 150 3 200 4 220 5 230

Answers

Labour output  | Marginal Product of Labour (number of workers)  | (pizzas) the table us attached below:

What is Labour?

Labour is the work done in exchange for payment. It is a fundamental component of economic production and is essential to the functioning of modern societies. Labour can take many forms, including physical, mental, and emotional effort. It is typically divided into two categories: skilled and unskilled, with the former being more highly valued. Labour is typically provided by workers who are paid wages or salaries, although there are also forms of unpaid labour, such as voluntary work. Labour is an essential part of the production process and has a direct impact on economic growth. Labour is an important source of income for many households and is essential for the development of a healthy economy.

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the natural rate of unemployment can be defined as the

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The organic rate of unemployment is the lowest rate of unemployment caused by natural or voluntary market pressures.

It reflects the amount of people who are unemployed due to changes in the labor force structure, such as those who have been supplanted by machines or those that lack the necessary skills. The typical unemployment rate is indeed the rate of unemployment that occurs when the economy's output is at its long-run average. It is the ordinary unemployment rate that the economy revolves around. The natural unemployment rate is primarily determined by the productive capacity of the economy and its institutions. The ordinary unemployment rate is indeed a concept developed by economic experts Milton Friedman & Edmund Phelps inside the late 1960s that has had a significant impact on how the field of economics views the economy.

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what are some drawbacks you can think of if you were to choose an income-driven plan when you could be making higher payments?

Answers

Interest accrual, Longer repayment term, Higher overall cost and Tax implications are some drawbacks.

Interest accrual: One potential drawback of income-driven repayment plans is that interest will continue to accrue on your loan balance, even if your monthly payments are lower.

Longer repayment term: Income-driven repayment plans typically extend the repayment term of your loans, which means you'll be making payments for a longer period of time.

Higher overall cost: Because you'll be paying your loans off over a longer period of time, you may end up paying more in costing interest overall, even if your monthly payments are lower.

Tax implications: If you participate in an income-driven repayment plan and have any remaining loan balance forgiven at the end of the repayment term, you may be responsible for paying taxes on the forgiven amount.

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Of the following, which are institutions that would foster economic growth?
1. Efficient taxes
2. Stable monetary system
3. Private property rights
4. Open markets
5. Political stability

Answers

The institutions that would foster economic growth is the stable monetary system. The Option 2 is correct.

What is the impact of stable monetary system in an economy?

A stable financial system is capable of efficiently allocating resources, assessing and managing financial risks, maintaining employment levels close to the economy’s natural rate, and eliminating relative price movements of real or financial assets that will affect monetary stability or employment levels.

A financial system is in a range of stability when it dissipates financial imbalances that arise endogenously or as a result of significant adverse and unforeseen events. In stability, the system will absorb the shocks primarily via self-corrective mechanisms, preventing adverse events from having a disruptive effect on the real economy or on other financial systems.

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what types of information would be included on a credit report?

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Your credit report contains a summary of your credit management practises, including payment history and account balances.

A credit report is a detailed breakdown of your credit history produced by a credit bureau. Credit bureaus collect financial information about you and prepare a credit report based on that information. Lenders use that report and other details to determine your creditworthiness.

There are three major credit bureaus in the US.

Equifax, Experian, and TransUnion. Each of these reporting companies collects personal financial information and bill payment habits in order to produce their own credit report. Although most of the information is similar, there are often minor differences between the three reports.

A credit report is a detailed summary of your credit history prepared by a credit bureau.

The report includes personal information, credit line details, public records such as bankruptcies, and a list of companies that have requested access to their credit reports.

The big three credit bureaus (Equifax, Experian, TransUnion) are required to provide free reports every year.  

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Determine whether each of the following counts as consumption, investment, govemment purchases, net exports, or none of these, under the expenditure approach to calculating GDP a. The construction of a court house: Consumption Net exports Investment None of these Government purchases b. A taxicab ride: Consumption Net exports Investment None of these Government purchases c The purchase of a taxicab by a taxicab company Consumption Net exports Investment None of these Government purchases d. A student buying a textbook Consumption Net exports Investment None of these Government purchases e. The trading of municipal bonds (a type of financial investment offered by city governments) Consumption Net exports Investment None of these Government purchases

Answers

a. The construction of a courthouse: Government purchases

b. A taxicab ride: Consumption

c. The purchase of a taxicab by a taxicab company: Investment

d. A student buying a textbook: Consumption

e. The trading of municipal bonds: None of these (it is a financial transaction and is not counted in the GDP calculation through the expenditure approach).

What is consumption investment?

Generally, Consumption and investment are two components of the expenditure approach to calculating Gross Domestic Product (GDP).

Consumption refers to the total amount spent by households and individuals on goods and services in the economy during a given period of time. It includes spending on both durable goods (such as cars and furniture) and non-durable goods (such as food and clothing), as well as spending on services (such as healthcare and education).

Investment, on the other hand, refers to the total amount spent by firms and organizations on capital goods such as machinery, equipment, and buildings, as well as on research and development, and other types of investments that are expected to yield future benefits.

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Which of these describes when people trust online reviews of their companies more than what companies communicate?a. The #MeToo Movement b. The culture of compliance c. The polarizing times d. The "Glassdoor" effect

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When people trust online reviews of their companies more than what companies communicate is described as the "Glassdoor" effect. Thus the correct option is D.

What are online reviews?

Online reviews refer to the experiences of an individual with a particular organization which they shared through companies website which leads to the decision-making of an individual while making any deal with the particular organization.

Depending on millions of business ratings and reviews, the free online platform Glassdoor provides some insights into employee satisfaction by gathering data and feedback about organizations from their former and current employees.

Therefore, option D is appropriate.

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1. BLC pays for several months of rent in advance, and then adjusts the accounts at month-end to report the rent benefits that expired in that month. What amount of rent benefits expired in the current month? 2. BLC records the same amount of depreciation each month it uses its equipment. Using the appropriate dashboard filter, identify the account that will allow you to determine how many months has BLC used its equipment from the time it was first acquired until now. Using that account's balance, calculate the number of months the equipment has been used so far 3. Some customers pay BLC several months in advance of receiving BLC's services, and then BLC adjusts its accounts each month- end for the services it provided to those customers during that month. Using the dashboard filters, select the accounts that would be adjusted when services are provided under these advance payment contracts. Show the adjusting Journal entry BLC made to these accounts at the end of the current month 4. Using the dashboard filters, select the accounts that relate to advertising. Use the mouse over function to gather the information you need to explain the reason for BLC's advertising adjustment. Which of the following is correct? 5. Using the dashboard filters, select the accounts that relate to income taxes. BLC is accruing the same amount each month for income taxes, based on estimates of how much BLC will owe for income taxes at the end of the year. What amount is BLC accruing each month and how much will it have accrued by the end of the entire year? Answer is complete but not entirely correct. Problem Required 1 Required 2 Required 3 Required 4 Required 5 Some customers pay BLC several months in advance of receiving BLC's services, and then BLC adjusts its accounts each month-end for the services it provided to those customers during that month. Using the dashboard filters, select the accounts that would be adjusted when services are provided under these advance payment contracts. Show the adjusting journal entry BLC made to these accounts at the end of the current month. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Show less Show less No Transaction General Journal 1 A Credit Deferred Revenue Service Reverse Debit 10,000 10,000 < Required 2 Required 4 > $4,000 $4,000 $3,500 $3,500 $3,000 $3,000 $2,500 $2,500 $2,000 $2,000 $1,500 $1,500 Adjusted Service Revenue: $6,000 $1,000 $1,000 $500 $500 $0 $0 Unadjusted Adjusted Unadjusted Adjusted Deferred Revenue Service Revenue

Answers

The general Journal based on the information will be:

Debit Deferred Revenue 1,000

Credit Service Revenue  1,000

($3,000 - 2,000)  

What is a journal?

It should be noted that a general journal is a daybook or subsidiary journal in which transactions relating to adjustment entries, opening stock, depreciation, accounting errors etc. are recorded. The source documents for general journal entries may be journal vouchers, copies of management reports and invoices

In this case, a general journal is a chronological accounting record of a company's financial transactions. The main purpose of this is to assist in the reconciliation of accounts and to assist with producing financial statements

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