When Haley states that inflation by itself always reduces the real return on her savings, she is expressing the idea of the inflation tax. This is because inflation decreases the value of money over time, meaning that the same amount of money will buy fewer goods and services in the future.
As a result, when Haley saves money, the purchasing power of her savings decreases due to inflation.
The inflation tax is a term used to describe the reduction in the real value of savings due to inflation. It is like a tax because it reduces the amount of purchasing power that individuals have over their savings.
The inflation tax can be particularly harmful to those on fixed incomes, as they may find it difficult to maintain their standard of living as prices rise. Therefore, Haley's statement about inflation reducing the real return on her savings is an example of the inflation tax, as it highlights the negative impact of inflation on the purchasing power of her savings.
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a company that sells food processors buys a full program-length spot on a channel and decides to promote the product by demonstrating how to use it, showcasing its benefits, and taking orders by telephone. this is an example of a(n) .
This is an example of Direct Response Advertising. Direct Response Advertising is a type of advertising that encourages the viewer to take an immediate action, such as making a purchase or calling a specific number.
What is Direct Response?Direct response is a marketing strategy that is designed to elicit an immediate response from customers. It is typically used in television, radio, print, and digital ads, sending a clear call-to-action to the customer and providing a way for them to purchase an advertised product or service. Direct response marketing is often used to generate leads and sales quickly and with a minimal amount of effort. It is an effective way to reach an audience and measure the success of campaigns. By tracking responses, companies can determine which tactics are working and which need to be adjusted.
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which of the following statements is false? group of answer choices a cost performance baseline is a time-phased budget that project managers use to measure and monitor cost performance critical chain scheduling takes limited resources into account when creating a project schedule the first step in planning a project schedule is developing an activity list fast tracking and parametric modeling are schedule compression techniques
The false statement among the provided choices is fast tracking and parametric modeling are schedule compression techniques. The correct answer is option D.
Fast tracking and parametric modeling are both examples of schedule compression techniques used in project management. Fast tracking involves overlapping project activities that would normally be performed sequentially to shorten the overall project duration.
Parametric modeling is a statistical technique that uses historical data to estimate project duration and cost based on specific variables, such as the size or complexity of the project.
Therefore, the correct answer is D. Fast tracking and parametric modeling are schedule compression techniques.
which of the following statements is false? group of answer choices
A. a cost performance baseline is a time-phased budget that project managers use to measure and monitor
B. cost performance critical chain scheduling takes limited resources into account when creating a project schedule
C. the first step in planning a project schedule is developing an activity list
D. fast tracking and parametric modeling are schedule compression techniques
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When an employee is fired for refusing to break the law, this is an example of which type of exception to the employment at-will doctrine?
It is not an exception
Public policy
Implied covenant of good faith and fair dealing
Implied contract
When an employee is fired for refusing to break the law, this is an example of the public policy exception to the employment at-will doctrine.
This exception is based on the principle that employees should not be forced to engage in illegal conduct in order to keep their jobs. Under this exception, an employer cannot terminate an employee for refusing to perform an illegal act or for reporting the employer's illegal activities to the authorities.
This exception varies from state to state and is not recognized in all states. The public policy exception is one of the three major exceptions to the employment at-will doctrine, the others being the implied contract exception and the implied covenant of good faith and fair dealing exception.
The implied contract exception is based on the notion that an employment relationship is like a contract, and that the employer has made certain promises or commitments to the employee, whether explicit or implicit, that are not honored in the termination decision.
The implied covenant of good faith and fair dealing exception, on the other hand, is based on the principle that the employer should act in good faith and deal fairly with the employee in making termination decisions.
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You are currently reviewing information to ensure that the project is on track and within schedule. You have identified causes of schedule variances and the corrective actions that were used. Where would you document this information?
To document the information regarding schedule variances and the corrective actions taken for your project, you would typically record this information in a Schedule Variance Analysis Report or the project's Status Report. These reports help track progress and ensure the project remains on schedule.
To document the information about schedule variances and corrective actions used, you would typically update the project documentation, such as the project schedule or project status report. This ensures that the project team and stakeholders are aware of any changes to the project timeline and can adjust their plans accordingly. It is important to keep accurate and up-to-date documentation throughout the project to ensure that all information is readily available for reference and analysis.
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when speaking to a customer about exchange-traded funds (etfs), a registered representative could make which of the following correct statements? a) etfs cannot be bought on margin. b) etfs have different potential tax consequences than mutual funds. c) etfs cannot be purchased using traditional limit or stop orders. d) etfs can be purchased only by paying a sales charge added to the nav.
When speaking to a customer about exchange-traded funds (ETFs), a registered representative could make the following correct statement: ETFs have different potential tax consequences than mutual funds. The correct answer is option B
ETFs and mutual funds are both types of investment vehicles that pool investor's money to invest in a diversified portfolio of assets. However, they have some differences, and one of them is related to their tax treatment. ETFs are generally more tax-efficient than mutual funds because of their unique structure.
In a mutual fund, when investors buy or sell shares, the transactions are carried out directly with the fund company, and the fund may need to buy or sell underlying assets to accommodate these transactions. This can generate capital gains or losses, which are then passed on to the remaining shareholders, potentially creating a tax liability.
On the other hand, ETFs are traded on an exchange like stocks, allowing investors to buy and sell shares throughout the trading day. The creation and redemption of ETF shares are carried out through in-kind transactions, meaning that the ETF provider exchanges the underlying assets directly with authorized participants, usually large financial institutions, without triggering taxable events. This process minimizes capital gains taxes for the ETF shareholders.
The other statements provided are incorrect because: a) ETFs can be bought on margin, c) ETFs can be purchased using traditional limit or stop orders, and d) ETFs can be purchased without paying a sales charge added to the net asset value (NAV). The correct answer is option B
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who is entitled to a rebate of a portion of the commission? a) only the seller b) only the buyer c) the referring license d) either the seelr or the buyer
Both the seller and the buyer may be entitled to a rebate of a portion of the commission, subject to state laws and regulations. The correct answer is d) either the seller or the buyer.
In some states, rebates are allowed and can be paid to either the seller or the buyer, or both. In other states, rebates are not allowed, or they are allowed only under certain conditions.
However, in most states, the payment of rebates is generally limited to licensed real estate agents or brokers who are involved in the transaction. For example, a referring license (i.e. an agent or broker who referred the buyer or seller to the transaction) may be entitled to a rebate if permitted by state law, but the entitlement would be subject to the rules and regulations of that state.
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Why might two companies with similar growth and profitability have different valuations?
Two companies with similar growth and profitability may have different valuations due to several reasons. there are many factors that can impact a company's valuation beyond just its growth and profitability, and investors will often take these other factors into account when valuing a company
Market Positioning: Even if two companies operate in the same industry and have similar financial metrics, one company may have a stronger brand and better market positioning than the other. This can lead to a higher valuation for the company with a stronger brand and better market position. Management Quality: The quality of a company's management team can have a significant impact on its valuation. A company with a strong and experienced management team may be able to execute its growth plans more effectively, which can lead to higher valuations. Competitive Environment: The level of competition in a company's industry can impact its valuation. If one company operates in a highly competitive industry with many players, it may have a lower valuation than a company operating in a less competitive industry. Growth Potential: Even if two companies have similar growth rates, one company may have a higher growth potential than the other. For example, if one company is expanding into new markets or has a more innovative product pipeline, it may have a higher valuation than a company with a less ambitious growth plan. Risk Profile: The level of risk associated with a company's business model can also impact its valuation. A company with a higher risk profile may have a lower valuation than a company with a lower risk profile, even if both companies have similar financial metrics.
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T/F? The growth rate of dividends and profit margin are the main determinants of the P/E ratio.
The given statement “The growth rate of dividends and profit margin are the main determinants of the P/E ratio.” is true.
The P/E ratio, or price-to-earnings ratio, is a financial metric that is commonly used to evaluate the valuation of a company's stock. It is calculated by dividing the current market price of a stock by its earnings per share (EPS). The growth rate of dividends and profit margin can both influence the P/E ratio.
1. Growth rate of dividends: A higher dividend growth rate can make a stock more attractive to investors, as it indicates that the company is consistently increasing its dividend payouts. This can lead to a higher demand for the stock and, consequently, a higher stock price, which increases the P/E ratio.
2. Profit margin: A higher profit margin indicates that a company is more efficient in converting its sales into profits. A higher profit margin can lead to a higher EPS, which, in turn, can result in a lower P/E ratio. Conversely, a lower profit margin can lead to a lower EPS and a higher P/E ratio.
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Body Boards Inc.(BBI) produces and sells 500 surfboards a year. BBI has a variable cost per unit of $175 and produces 500 surfboards per year. Its total fixed costs are $25,000 per year. What is the average cost of producing one surfboard?
The average cost of producing one surfboard is $225 when it produces 500 surfboards per year .
The amount it takes to produce a unit is known as the average fixed cost (AFC). The average fixed cost is derived from fixed costs, which are costs that remain constant regardless of the number of products or services produced by an organization.
Average cost = Total Fixed Cost + Total Variable Cost
= $25,000 + $175 × 500
= $112,500
Average cost of producing one surfboard = $ 112,500 ÷ 500
= $ 225
Hence , the average cost of producing one surfboard is $225 .
Organizations for the most part recalculate fixed costs occasionally to guarantee they keep creating a gain from their labor and products. Rent, the cost of machinery, salaries, and annual business subscriptions are all examples of fixed costs.
The sum of all the labor and materials required to produce a unit of your product is the variable cost. Your absolute factor cost is equivalent to the variable expense per unit, increased by the quantity of units delivered. Divide your total variable cost by the number of units produced to get your average variable cost.
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According to supply-side theory, fiscal policymakers can combat the impact of recessions by:
According to supply-side theory, fiscal policymakers can combat the impact of recessions by implementing policies that aim to increase the supply of goods and services in the economy.
This can be achieved through measures such as lowering taxes on businesses and individuals, reducing government regulation, and investing in infrastructure and technology.
Lowering taxes on businesses and individuals is believed to encourage greater investment, which can lead to increased production and job creation. Similarly, reducing government regulation can help to lower costs for businesses, which can also encourage investment and expansion. Investing in infrastructure and technology can also help to increase productivity and efficiency in the economy, which can lead to greater output and growth.
By increasing the supply of goods and services, supply-side policies are thought to stimulate economic growth and reduce the impact of recessions. However, critics of supply-side theory argue that these policies can also exacerbate income inequality and lead to budget deficits if not implemented carefully.
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a(n) function is an activity that contributes directly to creating or selling the company's products.
A function in a company refers to a specific area or activity within the organization that serves a particular purpose. An example of a function within a company is a function that directly contributes to the creation or sale of the company's products.
This function is known as a core function or a primary function. These functions are essential for a company's success as they are directly related to the company's revenue and profitability. Examples of core functions include research and development, manufacturing, sales, and marketing. These functions require specialized skills and resources to ensure that the company's products meet customer needs and are competitive in the marketplace.
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What are the costs of restricting globalizationi.e., keeping production jobs in home country? Provide an exampleand explain its impact on society!
The costs of restricting globalization include higher prices for consumers, reduced competitiveness for domestic industries, and limited access to new markets.
For example, if a country restricts the outsourcing of production jobs to other countries, it may result in higher labor costs and reduced efficiency for domestic companies. This could lead to increased prices for consumers, as companies may pass on these higher costs to their customers. Additionally, without access to new markets, domestic companies may struggle to compete with foreign businesses and may not be able to expand their operations or take advantage of new opportunities.
The impact of this on society can be significant, as it could lead to job losses and reduced economic growth. When domestic industries are not competitive, they may not be able to create as many jobs, which can lead to higher levels of unemployment and a weaker economy overall. Additionally, higher prices for goods and services can be a burden on households, particularly those with lower incomes.
Therefore, while restricting globalization may seem like a way to protect domestic industries, it can have unintended consequences that ultimately harm society as a whole.
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Use of the company helicopter, country club memberships, first class air travel, and a chauffeured limousine are examples ofperquisites.golden handcuffs.performance indicators.
Use of the company helicopter, country club memberships, first class air travel, and a chauffeured limousine - are less common and may be reserved for high-level executives or other employees with specialized needs or responsibilities.
The term that describes the examples given is "perquisites," also known as "perks" or "fringe benefits." Perquisites are non-wage compensation provided by an employer to employees in addition to their regular salary or wages.
These perks are often provided to employees as a means of attracting and retaining top talent, improving job satisfaction and morale, and enhancing the overall compensation package for employees.
Some common examples of perquisites include company cars, expense accounts, health insurance, retirement benefits, and paid time off.
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01-027 - What are the 2 steps in Data-Driven Decision-Making?
Data-driven decision making is a process of gathering information from a variety of sources, analyzing it, and using it to inform decisions.
Making judgements using this technique depends on data, analytics, and insights. Data gathering and data analysis are the two processes in this process.
Data collecting entails compiling information from a range of sources, including surveys, client feedback, market research, and other outside sources.
Data analysis entails looking at the gathered data to find trends, connections, and insights. This analysis aids in locating possible growth areas, comprehending consumer behaviour, and locating potential risk areas.
Decisions and plans can then be guided by the revelations gleaned from data analysis.
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If Amtrak restorabu itareves in the short run,- the firm shoket weest heavily in new tracks and engines and cost saving ventures - Advertise lower prices in the popular media outlet paine price it clemand in elastic, - Invour price if demand is inbuske - Lower price il demand is elastic mise price If demand is inclassic
If Amtrak experiences a short-term restoration, the company may need to heavily invest in new tracks, engines, and cost-saving ventures to sustain growth.
Advertisements in popular media outlets that highlight lower prices can be effective in boosting demand, especially if the price elasticity of demand is high. If demand is inelastic, the company can afford to maintain its current pricing strategy without significant changes.
However, if demand is elastic, it may be necessary to lower prices to increase demand and maximize revenue. The key to success lies in understanding the demand elasticity and adjusting the pricing strategy accordingly.
Ultimately, finding the optimal pricing strategy requires a delicate balance between the cost of production, market demand, and competitive pricing strategies.
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you are evaluating a project that costs $69,000 today. the project has an inflow of $148,000 in one year and an outflow of $59,000 in two years. what are the irrs for the project? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
For the IRR (Internal Rate of Return) for this project is 38.37%, inflow of $148,000 in one year and an outflow of $59,000 in two years, the IRR for this project is 38.37%.
To calculate the IRRs for this project, we need to find the discount rate that makes the present value of the inflows equal to the present value of the outflows. Using a financial calculator or Excel, we can solve for the IRRs.
First, we need to find the present value of the inflows and outflows. The present value of the inflow of $148,000 in one year is:
PV inflow = $148,000 / (1 + r)^1
where r is the discount rate. The present value of the outflow of $59,000 in two years is:
PV outflow = $59,000 / (1 + r)^2
The present value of the initial investment of $69,000 is simply -$69,000.
Setting the present value of the inflows equal to the present value of the outflows, we have:
PV inflow + PV outflow + initial investment = 0
Substituting the values we found above, we get:
$148,000 / (1 + r)^1 + $59,000 / (1 + r)^2 - $69,000 = 0
Solving for r, we get two possible IRRs: 38.37% and -34.20%. The negative IRR indicates that the project is not financially feasible, as the outflows exceed the inflows. Therefore, the IRR for this project is 38.37%.
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if you have a retirement saving horizon of 20 years, and you want to have saved $750,000 by the time you retire and you are planning to set aside $15,000 per year, you would need to find an investment vehicle that yielded what annual rate per year?
To achieve your retirement savings goal of $750,000 within a 20-year horizon, while setting aside $15,000 per year, you would need to find an investment vehicle with a specific annual rate of return. This is important because the annual rate directly affects the growth of your investment over time, contributing to meeting your financial objective.
The future value of an investment (FV) can be calculated using the formula:
[tex]FV =\frac{ P * [(1 + r)^n - 1]}{r}[/tex]
where P is the annual deposit amount, r is the annual interest rate
and n is the number of years. In this scenario
P = $15,000
n = 20 years, and
FV = $750,000.
To find the required annual rate (r), we need to solve the equation:
[tex]$750,000 = \frac{15,000 * [(1 + r)^{20} - 1]} { r}[/tex]
By solving for r, we find that the approximate required annual interest rate is 5.95%.
In summary, to reach your retirement savings goal of $750,000 within a 20-year timeframe while depositing $15,000 per year, you would need to find an investment vehicle that yields an annual interest rate of approximately 5.95%. This rate would help ensure that your investments grow adequately over time to achieve your desired retirement savings.
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All things being equal, does a national currency tend to rise or fall when a central bank intervenes and buys up that currency?
All things being equal, when a central bank intervenes and buys up a national currency, it tends to rise in value. This is because the increased demand for currency from the central bank increases its value in the foreign exchange market. However, the impact of central bank intervention on currency value can be influenced by various factors such as market sentiment, economic conditions, and the level of intervention.
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Farmers in LDCs choose to grow drug crops for export primarily because of
Farmers in less developed countries (LDCs) may choose to grow drug crops, such as opium poppies, coca plants, or cannabis, for export primarily because of economic reasons.
Drug crops can often generate higher profits for farmers compared to traditional crops, such as food crops or cash crops like cotton or coffee. The demand for illicit drugs in developed countries like the United States and Europe is often high, and the prices that farmers can fetch for drug crops are often much higher than those for legal crops.
In addition, farmers in LDCs may face limited opportunities to sell their goods on global markets due to competition from cheaper producers in other countries. By growing drug crops, farmers can tap into a lucrative market that is not subject to the same competitive pressures as legal crop markets.
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reference in a group auditors' report to the fact that part of the audit of group financial statements was performed by component auditors most likely would be an indication of
When a group auditor's report mentions that part of the audit of group financial statements was performed by component auditors, it means that the auditor has relied on the work of other auditors to obtain sufficient audit evidence. The correct answer is (d)
This is a common practice when a group of companies has subsidiaries or affiliates that are audited by different auditors. In such cases, the group auditor would express an unmodified opinion on the group financial statements but may include an explanatory paragraph to provide additional information about the work of the component auditors. This does not indicate any reservation or modification of the auditor's opinion on the financial statements.
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Complete Question:
A reference in a group auditor's report to the fact that part of the audit of group financial statements was performed by component auditors most likely would be an indication of:
a. Qualified opinion
b. Disclaimer of opinion
c. Adverse opinion
d. Unmodified opinion with explanatory paragraph
Discuss the advantages of the multifactor APT over the single factor APT and the CAPM.What is one shortcoming of the multifactor APT and how does this shortcoming compare toCAPM implications?
The multifactor APT (Arbitrage Pricing Theory) is an improvement over the single factor APT and the CAPM (Capital Asset Pricing Model) in several ways. Firstly, the multifactor APT allows for multiple factors to be considered when assessing asset pricing. Shortcoming can make it difficult for smaller investors or those without access to sophisticated modeling tools to use
This means that it can take into account a wider range of market and economic factors that may affect the performance of an asset, making it a more accurate predictor of asset returns. By contrast, the single-factor APT and CAPM only consider one factor, making them less flexible and less reliable.
Another advantage of the multifactor APT is that it is better equipped to handle complex market conditions. For example, during periods of high volatility or uncertain economic conditions, multiple factors can be used to help predict asset returns more accurately. This is in contrast to the CAPM, which assumes that all investors have the same expectations and ignores market volatility and uncertainty.
However, one shortcoming of the multifactor APT is that it requires a large amount of data and expertise to implement effectively. This can make it difficult for smaller investors or those without access to sophisticated modeling tools to use. In comparison, the CAPM is easier to implement and requires fewer data, but is less accurate in predicting asset returns.
Overall, the multifactor APT offers many advantages over the single-factor APT and the CAPM, but its complexity and data requirements may make it less accessible to some investors. Despite this, it remains a valuable tool for those who are able to use it effectively.
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fill in the blank. "Decisions such as deciding how many employees to hire, salary schedules, and training policies are made during the ______ phase of the management process.
controlling
implementation
planning"
implementation
Decisions such as deciding how many employees to hire, salary schedules, and training policies are made during the implementation phase of the management process.
The plans created during the planning phase are put into effect during the implementation phase. To accomplish the aims and objectives of the organization, it entails putting the strategies and activities stated in the plan into action. Managers must coordinate resources, lead staff, and make choices during the implementation phase to guarantee that the plan is carried out successfully. Because they are related to the organization's ongoing operations and the resources required to carry out the plan, decisions about hiring, pay, and training rules are often decided during the implementation phase. To accomplish the desired results, these decisions entail ensuring that the firm has the proper amount of personnel with the necessary skills and competencies.
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Scenario 26-1. Assume the following information for an imaginary, closed economy.
GDP = $120,000; consumption = $70,000; private saving = $9,000; national saving = $12,000.
Refer to Scenario 26-1. For this economy, investment amounts to
Investment in this economy amounts to $12,000, which is equal to national savings.
Referencing Scenario 26-1, we know that GDP is equal to $120,000, consumption is equal to $70,000, private saving is equal to $9,000, and national saving is equal to $12,000. To calculate investment, we can use the formula:
Investment = National Saving - (Government Spending - Taxes)
Since this is a closed economy, we can assume that there is no government spending or taxes, so the formula simplifies to:
Investment = National Saving
Therefore, investment in this economy is equal to $12,000, which is also equal to national savings. This means that all of the national saving is being used for investment purposes, and there is no government intervention in the economy.
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If the FOMC decides to increase the money supply, it orders the trading desk at the Federal Reserve Bank of New York to:
If the Federal Open Market Committee (FOMC) decides to increase the money supply, it orders the trading desk at the Federal Reserve Bank of New York to conduct open market operations.
This involves the purchase of securities such as Treasury bonds and bills from banks and other financial institutions. This process injects money into the banking system, thereby increasing the money supply. The FOMC may increase the money supply to stimulate economic growth, lower interest rates, and encourage borrowing and investment.
However, this decision must be made carefully to avoid inflationary pressures that may arise due to excessive money creation. The Federal Reserve Bank of New York plays a key role in executing these operations and managing the money supply to achieve the FOMC's monetary policy objectives.
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hearth company uses the units of production method to estimate depreciation the company purchased a new machine for 46000 that will produce an estimated 310000 units of the machine is 2000 what is the depreciation rate per unit
The depreciation rate per unit using the units of production method is $0.1484 per unit.
To calculate the depreciation rate per unit using the units of production method, we first need to determine the total estimated number of units the machine will produce over its useful life. In this case, the machine is expected to produce 310,000 units.
Next, we need to calculate the total depreciable cost of the machine, which is the original cost minus the estimated salvage value at the end of its useful life. The salvage value is not given in this question, so we will assume it is zero.
Total depreciable cost = $46,000 - $0 = $46,000
Finally, we can calculate the depreciation rate per unit by dividing the total depreciable cost by the estimated number of units produced.
Depreciation rate per unit = $46,000 / 310,000 units = $0.1484 per unit
Therefore, the depreciation rate per unit using the units of production method is $0.1484 per unit.
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Question 41 2 pts The U.S. economy suffered a terrible recession in 1981-82. In this problem and the next one, we'll calculate how deep the recession was. At the beginning of the recession in 1981, U.S. (nominal) GDP was about $6,930 billion, and in 1982 GDP was about $6,805 billion. The price level in 1981 was 91, and in 1982 the price level was 97. First, use the "Babe Ruth" formula to convert 1981 GDP into 1982 dollars. (This result represents real GDP in 1981, measured in terms of 1982 dollars.) Enter your answer in the space below, ignoring the billions. (For example, if your answer is $7.130 billion, just enter the number 7130.)
The real GDP in 1981, measured in 1982 dollars, is approximately 7,387.
To convert the 1981 GDP (in recession) into 1982 dollars using the Babe Ruth formula, follow these steps:
1. Calculate the GDP deflator: Divide the price level in 1982 by the price level in 1981.
GDP deflator = (Price level in 1982) / (Price level in 1981)
GDP deflator = 97 / 91 ≈ 1.0659
2. Multiply the 1981 nominal GDP by the GDP deflator to find the real GDP in 1981, measured in 1982 dollars.
Real GDP (1981) = Nominal GDP (1981) * GDP deflator
Real GDP (1981) = $6,930 billion * 1.0659
3. Calculate the real GDP in 1981, measured in 1982 dollars.
Real GDP (1981) ≈ $6,930 billion * 1.0659 ≈ $7,387.06 billion
So, the real GDP in 1981, measured in 1982 dollars, is approximately 7,387. Just enter the number 7387 as your answer.
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when a tax is placed on the sellers of cell phones, the size of the cell phone market question 45 options: and the effective price received by sellers both increase. increases, but the effective price received by sellers decreases. decreases, but the effective price received by sellers increases. and the effective price received by sellers both decrease.
When a tax is placed on the sellers of cell phones, the size of the cell phone market decreases, but the effective price received by sellers increases.
Here's an explanation in a step-by-step manner:
1. When a tax is imposed on sellers, their cost of production increases, causing them to reduce the quantity of cell phones they supply to the market.
2. As the supply decreases, the market equilibrium shifts, resulting in a higher market price for cell phones. Consumers now face a higher price, which may discourage some from purchasing cell phones.
3. Consequently, the size of the cell phone market decreases due to the reduced supply and demand for cell phones at the higher price.
4. Despite the higher market price, sellers receive a lower effective price as they need to pay the tax. However, the effective price received by sellers (the market price minus the tax) is still higher than what they would have received without the tax, because the higher market price compensates for the tax burden to some extent.
5. In summary, the tax leads to a smaller cell phone market and an increase in the effective price received by sellers.
So, the correct option is "decreases, but the effective price received by sellers increases."
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When you pay for an item with someone else's money you have a strong incentive to economize- obtain the most benefits for the least cost. False True NOR
The statement "When you pay for an item with someone else's money, you have a strong incentive to economize - obtain the most benefits for the least cost." is True
When you pay for an item with someone else's money, you have a strong incentive to economize. This is because you want to ensure that you make the most efficient use of the funds provided by the other person.
To economize, you aim to obtain the most benefits for the least cost, which means maximizing the value of the purchase while minimizing the expense.
This can involve comparing different options, evaluating the pros and cons, and ultimately choosing the best option that delivers the desired benefits within the budget constraints. By doing so, you can effectively utilize the funds entrusted to you and maintain the trust of the person who has provided the money.
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Which basic EOQ assumption does the EPQ model relax?-Demand is known and constant. -Orders arrive at once. -Back orders are not allowed. -Quantity discounts are not considered. -Lead time is known and constant.
The basic EOQ model assumption that the "demand is known and constant". The correct option is A.
The EOQ or Economic Order Quantity is the orders arrive all at one time, quantity discounts are not considered and the lead time.
The types of EOQ EOQ model, EOQ with quantity discounts, EOQ with production setup costs, EOQ with backordering and Stochastic EOQ models. This EOQ model help the agencies and organizations.
Therefore, the basic EOQ assumption that the EPQ model relaxes that demand is known and constant. The correct option is A.
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True or False: Employee characteristics and HR policies will be relatively the same for all organizations.
The statement "employee characteristics and HR policies will be relatively the same for all organizations" is false because every organization has its own unique culture, values, and goals, which affect the type of employees and the HR policies they implement.
Employee characteristics vary greatly from organization to organization, based on factors such as the industry, job requirements, and organizational culture.
For instance, a tech start-up may seek to hire young, innovative, and entrepreneurial employees who can work in a fast-paced and dynamic environment, while a law firm may prioritize experienced and detail-oriented professionals who can handle complex legal cases. Similarly, HR policies differ widely between organizations. Factors such as organizational size, industry, and geographical location all play a role in shaping HR policies, the statement is false.
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