If the owner goal is to maximize economic profit, then it does not make sense for her to continue leasing the building, as the cost of the license will reduce her economic profit below zero.
But if her goal is to maximize accounting profit, then it may make sense for her to continue leasing the building, as the license cost will only reduce her accounting profit from $409,045.78 to $159,045.78, which is still positive.
What are accounting and economic profit?Economic profit is defined as a company's revenue less its explicit and opportunity costs. It's used for internal research. Accounting profit (net income) is the revenue of a company less its direct, indirect, and capital costs. It is included in financial statements and reported to the IRS.
In continuation of our main answer, she might have other non-monetary goals and values that might influence her decision, such as the importance of owning and managing the building, or the value of the services provided by the building.
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a(n) _____ is when a company might seek new businesses to purchase that have no relationship to its current technology, products, or markets.
A conglomerate strategy occurs when a firm seeks to acquire new businesses that have no relevance to its present technology, products, or markets. Hence, the correct answer is the conglomerate strategy.
What exactly is a conglomerate strategy?Diversification of a conglomerate entails the addition of new goods or services that are considerably unconnected and have no technological or commercial similarities.
Conglomerate diversification is the riskiest of the three types of diversification approaches. Diversification of a conglomerate requires the firm to enter a new market and sell products or services to a new consumer base. A company's research and development and advertising expenses rise. Furthermore, the likelihood of failure in a conglomerate diversification plan is substantially higher.
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Taxpayer money should be used to feed those who are not able to feed themselves. The government should provide this service Kantian Ethics Care Ethics Virtue Ethics Act Utilitarianism
Kantian Ethics is Taxpayer money should be used to feed those who are not able to feed themselves.
What is Kantian Ethics?No of the circumstance or setting, all people must adhere to a set of moral standards known as Kantian ethics. The principles are referred to as Categorical Imperatives by the German philosopher Immanuel Kant and are determined by their morality and degree of freedom. Immanuel Kant, a German philosopher, created a deontological ethical theory known as "Kantian ethics," which is founded on the idea that "There is nothing at all in the world, or even beyond it, that may be regarded good without limitation except a good will." Observe the word "study!" Only if certain characteristics about you are real, such as your concern for doing well and desire to pass the test, should you study.
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Dollar General uses a cost leadership strategy. The Dollar General slogan is "Save time. Save money. Every day!®" Dollar General will be more effective if it has a mechanistic structure. Which of the following reasons explain this? Check all that apply.
A)Horizontal communication and broad spans of management allow for added flexibility in employee decision making.
B)Narrow spans of management ensure that employees operate efficiently.
C)Short chains of command ensure that the company will operate most effectively in a turbulent environment.
D)Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale.
If Dollar General has a mechanistic structure, it will be more successful. Short management horizons guarantee effective operation of the workforce.
Effective management structures can increase business productivity, foster staff morale, and promote company efficiency. A tight span of control is one strategy that a company may decide to use to enhance the effectiveness of their management approach. Using this structural style in corporate operations has many benefits, but it might not be the optimal management method for many companies.
A management style known as "limited span of control" involves managing just a few personnel. The number of workers who report to a supervisor in a corporation is referred to as the span of control. Wide spans of control, in which several employees rather than a small number report to a single boss, are the reverse of narrow spans of control.
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Most government entities share their compensation structure publicly. They use a job classification plan where pay rates are based on compensable factors such as knowledge and skills similar to the federal government’s General Schedule (GS) system.Jobs are grouped into seven classifications, ranging from Grade 1 through Grade 7. Over time, employees receive pay increases according to length of service (Steps 1–4), and progression through the steps assumes a minimum of acceptable performance.Below is an example of a city’s waiting period within steps and published job structure: Waiting Step 1 to 2: One year Step 2 to 3: One year Step 3 to 4: Two years Period and six monthsGrade Step 1 Step 2 Step 3 Step 41 31200 32240 33280 343202 35360 36400 37440 384803 39520 40560 41600 426404 43680 44720 45760 468005 47840 48880 49920 509606 52000 53040 54080 540807 56160 57200 58240 592801. Using the schedule above, calculate the number of years it would take an employee to advance from their starting position in Grade 4 (Step 1) to Step 4 if they demonstrate acceptable performance.
2. Another employee asked what their salary would likely be after completing two additional years of service. This employee just entered their first year in Grade 4 (Step 2). If they were to demonstrate acceptable performance, what would their expected salary be after completing two additional years of service?
3. All pay rates typically increase each year based on changes in the consumer price index. Calculate the salary for each step in Grade 7 based on an overall 3% increase.
1. It would take an employee three years to advance from their starting position in Grade 4 (Step 1) to Step 4 if they demonstrate acceptable performance according to GS system.
The General Schedule (GS) system is a pay scale used by the federal government to determine pay rates for federal employees. The GS system is based on a 15-grade structure, with each grade representing a different level of responsibility and pay. The GS system is divided into 10 steps within each grade, with each step representing a pay increase. The GS system also includes locality pay, which is an additional pay adjustment based on the cost of living in a particular area. The GS system is used to determine pay rates for all federal employees, including those in the executive, legislative, and judicial branches of government.
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in the preparation of consolidated financial statements, which of the following sources of transactions should be eliminated? transactions with affiliates transactions with non-affiliates
In the preparation of consolidated financial statements, Transactions with affiliates sources of transactions should be eliminated .
What do affiliates mean in the law?
Various regulations pertaining to securities, business transactions, and the capital market define the term "affiliate." Affiliates are businesses that own a minority stake.
Any proposed merger or consolidation with, the acquisition of a stake in, or the acquisition of assets from an Affiliate—all of these are considered Affiliated Transactions—must be done outside the normal course of business.
What kind of affiliate would that be?
Selling someone else's product online in exchange for a commission is known as affiliate marketing. An established business or entrepreneur might, for instance, have a product or a library of products that can be digital or physical.
They give people the opportunity to market and sell such goods while paying a commission each time anything is sold.
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A company with $60,000 in current assets and $40,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital willa. both decrease.b. both increase.c. increase and remain the same, respectively.d. remain the same and decrease, respectively
the current ratio and working capital will Increase and remain the same respectively at current assets of $60,000.
given data:
current assets = $60,000
current liabilities = $40,000
current liability pays = $1,000
Current ratio = Current assets ÷ Current liabilities
Current ratio = $60,000 ÷ $40,000
Current ratio = 1.5
Working capital is computed as;
= Current asset - Current liabilities
= $60,000 - $40,000
= $20,000
Another name for current assets is current accounts. A current asset is any asset that, under normal business conditions, may be reasonably expected to be sold, used, or expended during the current fiscal year, operational cycle, or financial year. Any resource or thing that a company possesses and has a monetary worth is referred to as an asset. Short-term investments and accounts receivable are examples of current assets that can be converted into cash within a year.
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While computing the VLC, the customer defection rate is used to determine the ______. This is computed as ______and is expressed as a fraction.
The customer defection rate, which is calculated as 1/defection rate and expressed as a fraction, is used to calculate the VLC media player in order to determine the buyers life cycle.
What is VLC in computer?
VLC is an open and free multi-platform multimedia player and framework. Most types of multimedia content, as well as DVDs, Audio CDs, VCDs, and many streaming protocols, can be played. VLC is a free and open source multi-platform multimedia player and framework. It supports a wide range of streaming protocols and can play most multimedia files.
VLC, the multimedia player, can play most media files on most platforms. Multimedia files, DVDs, audio CDs, VCDs, and a variety of streaming protocols are among the formats it supports.
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on july 1, year 1, clark company borrowed 1,680,000 local currency units (lcus) from a foreign lender, evidenced by an interest bearing note due on july 1, year 2, which is denominated in the currency of the lender. the u.s. dollar equivalent of the note principal was as follows:
Gain happens when the foreign currency unit's value rises after being converted into local currency units.
What does the word appear mean?
As in "a phenomenon that occurs all over the world," its definitions include "to be discovered or met with; appear," "to come into being; happen," and "to come to mind," as in "it occurs to me that the word is highly beneficial." Jan 19, 2023 Use the verb occur when something happens or when a thought occurs, such as when you realise that you forgot your umbrella at home. Maybe you didn't hear that there will be showers this afternoon.
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SunLite Corp. runs fitness centers which are owned by the parent company Cyan Inc. Ryan, the manager of Sunlight Corp., needs to decide on how to overcome competition by other fitness centers. He finally decides to make his facilities as advanced as possible, such as using imported gym equipment, giving faster results and keeping SunLite centers open for patrons 24x7. Ryan feels that this plan will allow the company to gain more profits. This scenario best illustrates a _____.
This scenario best illustrates a differentiation strategy. A differentiation strategy is a marketing approach in which a company differentiates its products or services from those of its competitors in order to gain a competitive advantage.
In this scenario, Ryan is planning to differentiate SunLite Corp's fitness centers from those of its competitors by making its facilities as advanced as possible, such as using imported gym equipment, giving faster results and keeping SunLite centers open for patrons 24x7. This approach will allow the company to stand out from its competitors and attract more customers, which in turn will lead to increased profits. By making the gym more advanced than competitors, Ryan hopes to create a unique offering that customers will be willing to pay more for SunLite Corp is a fictional company that has not been mentioned any history or background information. It is assumed to be a company that runs fitness centers and is owned by a parent company called Cyan Inc. It is not clear when or where the company was established, what is the size, location, target market or revenue. Without more information about the company, it is not possible to provide a detailed history or explanation about SunLite Corp.SunLite Corp is a fictional company that runs fitness centers. Based on the information provided, it is owned by a parent company called Cyan Inc. The manager of SunLite Corp, Ryan, is trying to overcome competition from other fitness centers by making his facilities as advanced as possible, such as using imported gym equipment, giving faster results, and keeping SunLite centers open for patrons 24x7. The manager believes that this plan will help the company gain more profits.
It is not clear what type of business SunLite Corp is, what is the size, location, target market or revenue and it's not a real company.
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FILL IN THE BLANK ________ earned the highest amount of income among the factors of production in the United States.
Labor earned the highest amount of income among the factors of production in the United States.
Production
Production is the process of combining various inputs, both tangible (metals, wood, glass, plastics, etc.) and intangible (plans, knowledge, etc.) to produce outputs. Ideally, this output is a product or service that has value and contributes to an individual's benefit. The area of economics that focuses on production is called production theory and is closely related to consumption (or consumption) theory of economics.
In economics, a factor of production, resource, or input is what is used in a production process to produce a product, ie goods or services. The amounts of various inputs used determine the amount of output according to a relationship known as the production function. There are four basic resources or factors of production: land, labor, capital, and entrepreneurs (or firms). Factors are also called "producer goods or services" to distinguish them from the goods or services that consumers purchase, which are often called "consumer goods".
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Determine whether each of the following statements is best explained by coincidence, an omitted variable, or reverse causation.a. In cities that have more police, crime rates are higher: [(Click to select)b. Many retired people live in states where everyone uses air conditioning during thesummer: (Click to select)c. More people come down with the flu during the Winter Olympics than during theSummer Olympics: (Click to select)d. For the last five years, Punxsutawney Phil has seen his shadow on Groundhog Day,and spring has come late: (Click to select)
There is no obvious or statistical relationship between the first statement—reerse causation—the second statement—omitted ariable, the third statement—omitted ariable, and the fourth statement—omitted ariable.
What is an example of an omitted variable?Example: Omitted element Let's look at the example of how education affects earnings once again. Education is the independent variable here. Salary, however, is also probably tied to competence, which you previously chose to ignore.
a). Crime rates are greater in cities with more police: Reverse Causation is the observation that more police are actually hired in some places because of their greater crime rates.
b). A lot of retirees reside in places where everyone turns on their air conditioners in the summer: It is only a coincidence that when the weather gets too heated during the summer in such states, the residents use air conditioning. However, retired individuals could want to live in places with substantially warmer climatic conditions. This is an unaccounted-for variable.
c).During the Winter Olympics, more persons contract the flu than it was in the Rio Olympics: a variable that has been left out because the statement may not have emphasized any potential statistical or biological link between the spread of the flu virus and the winter months.
d). Punxsutawney Phil has also seen his silhouette on Groundhog Day for the past five years, and each year spring has arrived later than expected. However, Groundhog Day is merely a custom, and there isn't any logical or statistical relationship between it groundhog seeing its shadow on a given day and the potential arrival of spring.
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The complete question is-
Determine whether each of the following statements is best explained by correlation without causation, an omitted variable, or reverse causation.
a). In cities that have more police, crime rates are higher: (Click to select)An omitted variableCorrelation without causationReverse causation.
b). Many retired people live in states where everyone uses air conditioning during the summer: (Click to select)An omitted variableReverse causationCorrelation without causation.
c). More people come down with the flu during the Winter Olympics than during the Summer Olympics: (Click to select)Correlation without causationReverse causationAn omitted variable.
d). For the last five years, Punxsutawney Phil has seen his shadow on Groundhog Day, and spring has come late:
Select the shareholder-type that is likely to pay a 15% (or 20%) tax on distributions from a C corporation.
Individual shareholders is likely to pay a 15% (or 20%) tax on distributions from a C corporation.
Individual Shareholders are those who are not Institutional Investors and are not parties to the Employee Shareholders' Agreement. A shareholder is a person, corporation, or institution who owns at least one share of a corporation's stock or a mutual fund.
Shareholders own the company in essence, which comes with specific rights and duties. This sort of ownership allows them to benefit from a company's success.
These benefits include increasing stock prices or financial profits delivered as dividends. When a corporation loses money, the share price lowers automatically, causing shareholders to lose money or see their portfolios deteriorate.
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Correct question:
Select the shareholder-type that is likely to pay a 15% (or 20%) tax on distributions from a C corporation.
a) Individual shareholders
b) investors
c) Financial intermediaries
d) Corporate shareholders
Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. Candy bars cost $0.75 each while bags of peanuts cost $1.50 each.a. Complete the table below (gray shaded cells) showing the alternative combinations of the two products that are available.b. graphc. Does the budget line tell you which of the available combinations of candy bars and bags of peanuts to buy?d. Suppose that you had won $30 on your ticket, not $15. Is the slope of a new budget line flatter, steeper, or the same as in the diagram above?e. Has the number of available combinations increased or decreased?f. What is the slope of the budget line?g. What is the opportunity cost of one more candy bar?h. What is the opportunity cost of one more bag of peanuts?i. Do these opportunity costs rise, fall, or remain constant as additional units are purchased?
In economics, the unemployment rate is the percentage of the labor force that is without a job. It depicts a nation's unemployment rate.
Workforce is populace inside the functioning age and incorporate the people who are utilized and the individuals who are jobless yet effectively searching for business. The unemployment rate is equal to the number of employed people multiplied by the number of unemployed people.
Another monthly increase, this time to 29.9 million payrolled employees, according to the most recent estimate for December 2022, an increase of 28,000 over the revised November 2022 numbers. The quarterly unemployment rate for September to November 2022 increased to 3.7% by 0.2 percentage points.
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TRUE OR FALSE empirical research shows that firms that are committed to values and ethical principles are significantly less profitable over the long run than those committed to the pursuit of profit.
False, According to empirical study, businesses that are dedicated to upholding moral standards and ideals are much less profitable in the long term than those that are.
Profits are determined by the amount of money left over after expenses, therefore profitable enterprises or dealings generate revenue. Profitable endeavours include a crowded restaurant, a concert with a full house, and a best-selling book. Any endeavour or activity with the potential to produce money can be said to be lucrative, which simply means profitable. An investment or business endeavour is deemed profitable if it generates a sizable amount of wealth. If a company is making enough money to pay all of its bills and realize its full potential, then it is truly profitable. A company needs to generate enough revenue to keep its doors open while also carefully managing its costs and pricing in order to become profitable.
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T/F business rules apply to businesses and government groups, but not to other types of organizations such as religious groups or research laboratories.
False. Business standards do not apply only to enterprises and government agencies; they also apply to religious organisations and research institutes.
What are business rules?
A set of principles and procedures that control how an organisation runs are referred to as business rules. They are applicable to all parts of the organization's operations, such as finance, hr, operations, or compliance. Business rules are utilized to assure accuracy and fairness of decision-making, as well as that the business is in conformity with applicable laws, regulations, and standards.
Why are business rules important?
Business rules are crucial because they establish a clear set of parameters for how a company should run. They aid in the consistency and fairness of decision-making, as well as the organization's compliance with relevant laws, rules, and standards. Business regulations also assist businesses in accomplishing their aims and objectives.
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the hawthorne effect focuses on the fact that all people in an organization are affected by at least one other person, and each person affects the whole group or organization. T/F
FALSE: The hawthorne effect emphasizes that every individual in an organization is impacted by at atleast one other individual, and that each individual has an impact on the entire group or organization.
Define the term hawthorne effect?This Hawthorne Effect is a term used to explain a shift in a person's conduct brought on by their understanding of being watched.
According to the impact, employees frequently adjust their conduct at work in reaction to the they receive by their manager.The Chicago suburb of Hawthorne (now known as Cicero), where industrial trials were conducted in the 1920s and the 1930s, is where the Hawthorne Effect got its name.The study included a number of productivity tests that looked at how employee output was affected by variations in lighting and workplace arrangements including break periods and working hours.Thus, the hawthorne effect emphasizes that every individual in an organization is impacted by at atleast one other individual, and that each individual has an impact on the entire group or organization is a in correct statement.
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the moderator asks you for your closing summary. choose the statement that best summarizes your arguments in defense of globalization.
Globalization has changed how people, countries, and corporations interact with one another.
What is meant by globalization?The term "globalization" refers to the rising interdependence of the economies, cultures, and inhabitants of the world as a result of cross-border trade in products and services, technology, and flows of capital, people, and information.
The growing interconnectedness of political, cultural, and economic factors worldwide is known as globalization. It offers a chance to share thoughts and discover new areas (including the cultural landscape).
The opening of international boundaries to more quickly moving movements of people, money, products, and ideas, as well as modifications to national and international institutions and policies that support or enable such flows, are usually recognized to be two interrelated components of it.
Nations, businesses, and people all interact differently as a result of globalisation. To be more precise, it alters the character of economic activity between countries by fostering trade, opening up global supply networks, and granting access to natural resources and labour markets.
The complete question is:
You have been asked to debate the question of whether globalization improves the lives of people in developed and developing nations. You will either support this notion as the President of Global Operations for Holden-Evan Corporation, a multinational corporation, or oppose the notion as an independent columnist and social critic. You will select points that best support your viewpoint, and choose the best responses to points raised by the opposition.
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Which of the following relationships satisfies the established business relationship exemption to the National Do Not Call Registry?
The customer listed a property with you about ten months ago, as stated in the document.
Option A is correct.
What is a business?A business is an entity or entrepreneurial entity that engages in financial, industrial, or business life. Only for-profit corporations or charitable organizations qualify as businesses. There are many different kinds of businesses, including sole proprietorships, corporations, partnerships, and limited liability companies.
Why does business matter?There are jobs in the business sector. It creates job opportunities for a significant number of people in every nation. A wide range of workers are needed in the company for managerial and technical positions. The nation's employment issues are being addressed by the expansion of trade and industry.
Incomplete question :
Which of the following relationships satisfies the established business relationship exemption to the National Do Not Call Registry?
A.A consumer that lists property with you 10 months ago
B.A consumer that lists property with you 17 months ago
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using the information provided in the given table, determine how much monthly income would be necessary to budget for health insurance over the 99-month academic year. round your answer to the nearest cent, if necessary.
$3562.44 of monthly income you would be necessary to budget for health insurance over the 9-month academic year.
What is monthly income?Most professionals would benefit from understanding the financial concept of gross monthly income. While you can anticipate seeing this amount on your pay stubs, you can also do the math on your own. Regardless of whether you earn a salary, are paid hourly, or have a contract, knowing your gross income and how to calculate it can benefit you both professionally and personally. This is because it's necessary for tasks like figuring out your earnings and getting a loan or credit.
Total expenses for 9 moths college period
= $17828 + $ 8009 + $1969 +$698 + $1817 + $1573 + $168
= $ 32062
So monthly expenses
= 32062 ÷ 9
= $3562.44
Thus, $3562.44 of monthly income you would be necessary to budget for health insurance over the 9-month academic year.
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Complete question:
which of these is the best example of an involuntary debt - that is, a debt someone does not ask for but is required?
A judge directs a company to pay someone who was hurt on the property as part of a settlement agreement.
What is the difference between a voluntary and involuntary creditor?A debtor often files for voluntary bankruptcy when and if they are unable to find another way out of their precarious financial condition. A petition by one or more creditors asking a court to declare the debtor insolvent results in an involuntary bankruptcy file, which is different from a voluntary bankruptcy filing.
Involuntary action is defined as a behaviour that occurs without a person's knowledge or consent. Examples of involuntary actions include breathing, heartbeat, sneezing, and digestion. The same areas of the brain are in charge of voluntary and involuntary activities.
Tax liens are a typical instance of an involuntary lien. The government issues a tax lien when taxes are unpaid. The Internal Revenue Service (IRS) will file an unintentional lien to notify creditors that they are entitled to your property if you fail to pay income taxes or property taxes on your house.
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assume that a decrease in the real interest rate in the united states decreases the amount of foreign investment into the country. if the initial exchange rate is 0.84 euro per dollar, then
The correct answer is C) there will be a leftward shift in demand for U.S. dollars from D2 to D, and the new point of equilibrium will be at A.
When the real interest rate in the United States decreases, foreign investment in the country also decreases. This decrease in foreign investment leads to a decrease in the demand for U.S. dollars. The decrease in demand for U.S. dollars causes a leftward shift in the demand curve for U.S. dollars from D2 to D.
The new point of equilibrium will be at A, where the decrease in demand for U.S. dollars is matched by a decrease in the exchange rate from 0.84 euros per dollar to a lower value. This results in a stronger euro and a weaker dollar.
Complete question:
Use the graph to answer the question that follows. (Provided in the image below)
Assume that a decrease in the real interest rate in the United States decreases the amount of foreign investment into the country. If the initial exchange rate is 0.84 euro per dollar, then
A) there will be rightward shift in demand for U.S. dollars from D to D2, and the new point of equilibrium will be at B
B) there will be rightward shift in demand for U.S. dollars from D to D2, and the new point of equilibrium will be at A
C) there will be leftward shift in demand for U.S. dollars from D2 to D, and the new point of equilibrium will be at A
D) there will be leftward shift in demand for U.S. dollars from D to D1, and the new point of equilibrium will be at C
E) there will be leftward shift in demand for U.S. dollars from D2 to D1, and the new point of equilibrium will be at C
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Choose 3 Companies, ID its stock price from 2017 and its current stock price. Calculate the Capital Gain/Loss using formula from notes.
The three companies requested their information from 2017 and their current stock price is given below:
Their Stock Information
1. Apple (AAPL):
2. Amazon (AMZN):
Stock price in 2017: $1,169.54Current stock price: $3,171.60Capital Gain/Loss: $2,002.063. Tesla (TSLA):
Stock price in 2017: $322.00Current stock price: $735.00Capital Gain/Loss: $413.00Note: The stock prices are based on the closing price on the last trading day of the year.
Capital Gain/Loss = (Current Stock Price - Stock Price in 2017) x Number of shares
For Apple (AAPL), the calculation would be:
Capital Gain/Loss = ($135.05 - $139.00) x 1 share = -$3.95
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according to force-field analysis, what is the final thing you recommend donahoe do to ensure the change accomplishes what was intended? justify the need for the change. allocate blame for the forces that led to the need for change. reinforce and support the change, also called refreezing.
Refreezing is another term for reinforcing and supporting the change.The final step, refreezing, is intended to maintain the change you've made.
The goal is for those involved to accept this new state as the new status quo, so that they no longer oppose forces attempting to implement the change. The new state transforms the group norms, activities, strategies, and processes. The previously dominant behavior tends to reassert itself if appropriate steps to sustain and reinforce the change are not taken. To implement and freeze these new changes, you'll need to consider both formal and informal mechanisms. Consider one or more steps or actions that are strong enough to counteract the cumulative effect of all resistive forces to the change—these stronger steps help ensure that the new change is implemented.to strengthen with some added piece, support, or material: to reinforce a wall. to strengthen (a military force) with additional personnel, ships, or aircraft: to reinforce a garrison. to strengthen; make more forcible or effective: to reinforce efforts.
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Which of the following ultimately determines which SQL Server 2012 edition is most suited for a particular application?
A) business requirements
B) application version
C) product cost
D) system requirements
business requirements ultimately determines which SQL Server 2012 edition is most suited for a particular application.
The actions and endeavours of a person engaged in the business of creating or providing goods or services with the intention of doing so for profit are likewise considered to be business. The sole proprietorship, partnership, corporation, and S corporation are the four types of businesses that are most prevalent. They establish a culture where the emphasis is on the needs of their clients, and they structure their operations, goods, and services around those demands. Definition in business. The term "business" designates an innovative person, group, or organisation that engages in commercial activity. They could be business-related, industrial, or something else. An economy is supported by its businesses. Both individuals and other businesses can acquire the goods and services they offer. Enterprises of diverse sizes and in a wide variety of industries operate.
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6) list a direct cost and an indirect cost for each of the three different cost objects in question 5.
Direct costs are expenses that a business can quickly link to a particular "cost object," which could be a project, department, or product. Beyond the costs you spend on producing a product, indirect costs exist.
Direct costs are expenses that a business can quickly link to a particular "cost object," which could be a project, department, or product. Software, equipment, and raw materials can all fall under this category. As long as the labor is unique to the particular project, department, or product, it can also include labor. For instance, the labor for a project is a direct cost if an employee is hired to work on it exclusively or for a specified number of hours. Direct costs are incurred when your business creates software and requires particular resources, such as purchased frameworks or development tools. Supplies, utilities, office equipment rental, desktop computers, and cell phones are examples of indirect costs. Indirect expenses can be fixed or variable, just like direct expenses. Rent is an example of a fixed indirect cost, while gas and electricity are examples of a variable indirect cost.
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In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) _____.symposiumorganizationcadrecohort
In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) organization.
What is meant by organization?The phrase "business organization" refers to how businesses are set up and how that arrangement enables them to achieve their objectives. Businesses are typically built to prioritize making a profit or advancing society. A company is referred to as a for-profit corporation if its primary goal is making money. An organization is a collection of two or more people who coordinate their use of resources to achieve a single, overarching objective. You can complete your work more efficiently and with less expense by planning ahead and organizing. You can be more effective and productive by planning ahead and organizing your work. You can accomplish significant goals and objectives by being well-organized and making smart preparations.To learn more about organization refer to:
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There are three firms in an economy: A, B, and C. Firm A buys $250 worth of goods from firm B and $200 worth of goods from firm C, and produces 200 units of output, which it sells at $5 per unit. Firm B buys $100 worth of goods from firm A and $150 worth of goods from firm C, and produces 300 units of output, which it sells at $7 per unit. Firm C buys $50 worth of goods from firm A and nothing from firm B. It produces output worth $1,000.
a. Calculate GDP.
(GDP is the sum of the value added by the three firms: $550 + $1,850 + $950 =...)
(GDP is the sum of the value added by the three firms: $550 + $1,850 + $950 = $3350.
Definition of GDPThe phrase "gross domestic product" is used to assess the market value of all final goods and services produced and sold (not resold) by countries over a specific time period (GDP).
Due to its subjective and complex nature, this measure is frequently altered before being accepted as a reliable indicator.
In contrast to nominal GDP, which is better for comparing national economies on the international market, utilizing GDP per capita at purchasing power parity (PPP) may be more beneficial for comparing living standards between nations.
However, differences in the cost of living and inflation rates of the nations are not reflected in GDP (nominal) per capita. Each industry's or sector's contribution to the GDP may vary.
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visualization 1 shows historical revenues over the past 3 years for each quarter. is this information more likely to be related to financial or managerial accounting?multiple choice 1financialmanagerialneithervisualization 2 shows a forecast of revenues and expenditures for the coming fiscal year. forecasted revenues and expenditures have been separated by segment. the black horizontal line represents forecasted expenditures while the vertical colored bars represent forecasted revenues. is this information more likely to be related to financial or managerial accounting?multiple choice 2financialmanagerialneithervisualization 2 shows a forecast of revenues and expenditures for the coming fiscal year (2021). forecasted revenues and expenditures have been separated based on segment. the black horizontal line represents forecasted expenditures while the vertical colored bars represent forecasted revenues. based on the data displayed in the visualization, which of the three segments appears to have the highest profit margin in the month of july?multiple choice 3artfilmmusicvisualization 3 shows a pie chart consisting of all the operating expenses incurred during the fiscal year. pie charts make it easy to determine size proportions giving managers a quick view of the types of things that are costing them the most money. based on the pie chart, which category of expenses constitutes the largest expense for alchemy entertainment?multiple choice 4legal expensessg
Managerial is this information more likely to be related to financial or managerial accounting.
Who will most likely use the data from management accounting?
Managers, investors, accountants, and executives are the main users of management accounting data. Managers: One of the main consumers of management accounting data is managers. They utilize this data to influence decisions about pricing and marketing that will have an effect on their business. Using historical data, managerial accounting makes company projections. Making managerial choices requires the use of management accounting information. It also aids in predicting the state of the economy. intermediate management.
A area of accounting called managerial accounting, commonly referred to as cost accounting or management accounting, is concerned with the identification, measurement, analysis.
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Which of the following facts concerning plant assets should be included in the summary of significant accounting policies?
Depreciation method should be included in the summary of significant accounting policies while concerning plant assests. And composition will not be considered.
During the asset's anticipated useful life, depreciation is allocated in order to charge a fair percentage of the depreciable amount in each accounting period. Amortization of assets with predetermined useful lives is included in depreciation. Despite being frequently referred to as a "depreciation policy," the real depreciation process is an accounting estimate. Depreciation enables businesses to recoup the cost of an item at the time of acquisition. Instead than collecting the full cost of an asset right away, the technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of revenue in the future.
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The rewards given to a person by the boss, the company, or some other person are known as ________ rewards.
The rewards given to a person by the boss, the company, or some other person are known as extrinsic reward.
A material type of pay or acknowledgment offered in exchange for accomplishing something is known as an extrinsic reward. Extrinsic incentives can be used in almost any circumstance, even when an employee is performing something that doesn't particularly interest them. An employee is given a bonus if he can make 100 widgets before the end of the day as an example of an extrinsic reward; the labor may not be particularly fulfilling, but the bonus serves as a powerful incentive. Piece rate pay (where remuneration is dependent on the quantity produced), team-based compensation, and pay rate increases based on the amount of new skills learned are additional instances of extrinsic rewards.The relationship between extrinsic rewards and desirable results can be clearly defined. However, if these incentives are employed excessively, workers may grow accustomed to them and their motivational value would be reduced. Consider changing their nature and timing to retain their effectiveness. For instance, a message from the president once every five or six months could serve as a reward for reaching a sales goal, while a local vacation or business-class travel to Las Vegas for a weekend of partying could serve as a positive reinforcement.
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