Potential legal disputes may arise when order to finance capital development, adhering to regulations, and hiring and training staff.
How would you define finance?The practice of raising capital or finances for any type of spending is known as finance. It is the act of directing various financial resources—such as credit, loans, and net profit those parts of the economy that need them most or can use them most effectively.
Which four categories of finance are there?Public finance, commercial banking, and consumer lending are the three main divisions of finance. Social finance including behavioral finance are more recent subdivisions of finance. Family's assets encompass the areas of income, spending, saving, purchasing, and protection.
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what three subjects is the financial manager concerned with?
A financial manager is typically concerned with three main subjects: financial planning and analysis, investment management, and financial risk management.
What is the difference between them?Financial planning and analysis involve creating long-term financial plans and budgets and analyzing the financial performance of the organization. This includes forecasting future revenues and expenses and identifying areas where the organization can cut costs or increase revenue.
Investment management involves making decisions about how to invest the organization's money, such as in stocks, bonds, real estate, or other assets. This includes assessing the potential returns and risks of different investments and making decisions about how much to invest in each.
Financial risk management involves identifying, assessing, and mitigating financial risks that the organization may face. This includes assessing the potential impact of various risks, such as market risk, credit risk, and operational risk, and implementing strategies to minimize or manage those risks. This can include things like hedging, diversifying investments, or purchasing insurance.
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xyz corporation is interested in a piece of land for development. they are selling off a bit of company stock to buy the property without any debt. is xyz's sale of stock considered a form of financing?
XYZ's sale of stock is considered a form of financing because It is actually considered a mortgage financing alternative.
What is mortgage financing?A mortgage financing is a sort of loan used to buy or keep up a house, land, stock, or other real estate. The borrower consents to make payments to the lender over time, often in the form of a series of regular payments that are split into principal and interest.Then, the asset is used as security to protect the loan.Borrowers must submit an application through their preferred lender and make sure they satisfy a number of criteria, including minimum credit scores and down payments. Before they proceed to the closing stage, mortgage financing must pass a stringent underwriting procedure. Depending on the borrower's needs, different mortgage financing kinds exist, such as stock fixed-rate and conventional loans.To learn more about mortgage financing from the given link
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Question:
XYZ Corporation is interested in a piece of land for development. They are selling off a bit of company stock to buy the property without any debt. Is XYZ's sale of stock considered a form of financing?
It is actually considered a mortgage financing alternative.No, it is not considered a form of financing.No, it is simply paying for land with cash proceeds.None of the Above.suppose, when evaluating a nation's economic activity, economists include the market value of a new truck's tires and the market value of the truck. this is an example of
double-counting. when evaluating a nation's economic activity, economists include the market value of a new truck's tires and the market value of the truck. this is an example.
The mistake of double counting is produced by improper calculation. In economics, this phrase refers to the incorrect practice of calculating the worth of a country's goods more than once. Some of the indicators are unemployment, inflation, government expenditure, GDP, and so on. Prices reflect the economy's inflation. The agricultural production reflects how the agriculture sector is functioning and is included in the GDP calculation. In accounting, double counting is an inaccuracy in which a transaction is tallied more than once for whatever reason. However, in social accounting, it also refers to a conceptual challenge encountered when attempting to quantify the new value generated by Gross Output or the value of total investments.
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the need for hope springs to have tablet computers that are fast, include 24/7 tech support, and include a generous volume discount relate to which key characteristic of organizational buying?
Hope Springs requires tablets that are quick, come with round-the-clock technical support, and have a substantial bulk discount.
Why are Gantt and PERT charts so crucial to an organization?Project managers can monitor tasks and project status using PERT and Gantt charts. Gantt charts exhibit tasks and timeframes in a bar graph, whereas PERT charts show tasks and dependencies in a network diagram. Both fit into the PMBOK's task breakdown structure (WBS).
Which technique is unethical for gathering competitive intelligence?In order to get knowledge about your organization's industry and competitors, competitive intelligence relies on access to publically available information and unbiased research. A prohibited and immoral method of gaining access to confidential information is corporate espionage.
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which olympic champion says $12.7 million has gone missing from a private investment account?
The Federal Bureau of Investigation (FBI) olympic champion says $12.7 million has gone missing from a private investment account.
What is the purpose of the federal investigation bureau?The Federal Bureau of Investigation (FBI) is responsible for upholding federal law and conducting investigations into a range of serious offences, including terrorism, cybercrime, white collar crimes, public corruption, and other serious crimes.
More than 180 nations, territories, and islands are covered by our legal attaché offices, or legats, which are based in important cities across the world. There are about 250 special agents and support staff members working for the FBI all throughout the world.
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the income statement shows the results of the business operation for a specific period of time. when revenue is greater than expenses for the period, the result is called
Net income, The income statement displays a certain time period's worth of business activities' outcomes. Net income is the outcome when revenue for the time period exceeds costs.
Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue surpasses its costs. This figure is a measure of a company's profitability and may be seen on the income statement. Businesses determine their profits per share using net income. Since it appears at the bottom of the income statement, net income is frequently referred to as the bottom line by business analysts. In the UK, analysts refer to NI as profit attributable to shareholders.
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refusal of a group to trade or associate with another group is
When the refusal of a group to trade or associate with another group is called Boycott.
What is Boycott?A boycott is the voluntary, non-violent withdrawal from a product, person, organization, or country in protest. Most of the time, it's for environmental, social, political, or moral reasons. A boycott is used to try to force the target to change an objectionable behavior or to cause the target to suffer a financial loss or to demonstrate moral outrage.The term gets its name from Captain Charles Boycott, an agent for an absentee landlord in Ireland. In 1880, after being suggested by Irish nationalist leader Charles Stewart Parnell and his Irish Land League, the tactic was successfully used against him.A boycott can sometimes be a form of consumer activism, also known as moral purchasing. A sanction occurs when a similar act is enacted into law by a national government. However, it is common for the threat of boycotting a company to be empty and have no significant impact on sales
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cost the marginal cost for manufacturing an electrical component is $6.25 per unit, and the fixed cost is $600. write the cost c as a function of x, the number of units produced. c(x)
Skills in communication, education, technical skills, creativity, experience, problem-solving abilities, mental health, and personal resilience are all examples of human capital.
What is an example of human capital Class 9?
Human capital investment is the investment in things like education, training, and medical care.
What are the most important examples of human capital and physical capital?
Inanimate assets like cash, property, job site equipment, and inventory make up physical capital. In contrast, human capital refers to the capabilities, knowledge, and skills of an organization's staff.
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which of the following challenges facing hr is related to technology becoming more prevalent in many previously unskilled environments? a. shifts in industries/retraining b. baby boomer retirements c. decreased employee loyalty d. differing benefits preferences
A. Shifts in industries/retraining is the challenge related to technology becoming more prevalent in many previously unskilled environments.
As technology advances, many unskilled jobs are becoming automated, so employees must be retrained in order to remain employable. This can be a daunting and expensive task for employers, as it may require significant investments in employee training and development for certain industries. Additionally, some employers may have difficulty finding qualified workers to replace those who are retiring or being made redundant due to automation.
This creates a wide range of challenges for human resources departments. They must decide how to best allocate resources towards retraining, and find the most cost effective ways to do so. Companies may need to consider new sources of labour, such as contract workers or offshore staff, in order to remain competitive and meet staffing requirements. Additionally, they must ensure compliance with relevant legislation and regulations, while providing a safe and equitable working environment. Furthermore, they must also consider how to ensure that their retraining initiatives are both effective and cost-efficient. HR departments will also need to ensure a smooth transition for those employees who are being retrained, as well as for those who are entering the workforce for the first time.
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The difficulty associated with technology becoming more prevalent in many previously unskilled environments is shifting in industries and retraining. In this case, option A is correct
Many low-skilled jobs are becoming automated as a result of technological advancements, so workers must retrain in order to stay employable. Due to the potential need for significant investments in employee training and development for some industries, this can be a challenging and costly task for employers. Additionally, some employers might have trouble replacing those who are retiring or losing their jobs as a result of automation with qualified workers.For human resources departments, this poses a variety of difficulties. They must choose how to best allocate funds for retraining and identify the most economical strategies for doing so. Companies might need to think about new labor sources.To learn more about human resources departments click below:
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which strategy is used when a firm is attempting to create unique products or services for particular market?
The strategy used when a firm is attempting to create unique products or services for a particular market is called differentiation. Differentiation involves developing products or services with features that set them apart from the competition.
The strategy used when a firm is attempting to create unique products or services for a particular market is called customization or customization strategy. This strategy is based on the idea that customers have different needs and preferences, and that a product or service that is tailored to meet those needs or preferences will be more attractive than a generic offering. This strategy is often used in markets where there are limited competitors, or where the market consists of a diverse range of customers with different needs.
Customization strategy involves the customization of products and services to meet the specific needs of a particular market. This may involve a combination of research, product design and development, marketing and product positioning, and customer feedback. The goal of customization strategy is to provide unique products and services that meet the needs of the target market better than those of the competition. This can be accomplished by creating products with unique features, or by providing services that are tailored to meet the needs of the target market.
Customization strategy can also involve creating a unique brand identity and positioning the product or service in a way that appeals to the target market. This requires a deep understanding of the target market and their needs, as well as an understanding of the competitive landscape.
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the us exports 10 million dollars worth of goods to argentina. what happens to the current account balance ap macroeconomics
The macroeconomics current account balance is Net exports are worth a negative $250.
A country's net exports are calculated as its total exports minus its total imports. A positive or negative net export number represents a trade surplus or deficit, respectively. When there is a weak currency exchange rate, a nation's exports can be priced more affordably.
Value of Exports minus Value of Imports equals Net Exports.
Where,
$10 is the value of exports, which is equal to the sum of foreign purchases of local products and services.
Value of Imports is the sum of all domestic purchases of goods and services made from abroad, or $260.
Value of Exports minus Value of Imports equals Net Exports.
Net Exports = $10 - $260
Net Exports = - $250
The quantity of a country's net exports is equal to the sum of its total exports minus total imports. A positive or negative net export number represents a trade surplus or deficit, respectively.
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Note: The correct question would be as bellow,
Suppose that the US imports $10 million worth of goods and services and exports $260 million worth of goods and services. What is the value of net exports?
in the past, pajamagram marketed pajamas only to women. now the company offers pajamas for men and children. this is an example of which type of strategy?
In the past, pajamagram marketed pajamas only to women. now the company offers pajamas for men and children. this is an example of market development strategy.
Our development strategy targets non-purchasing customers in our current target segment. We are also targeting new customers in new segments. Market development strategies include expanding potential market with new users or new applications.
Market development is the Ansoff Matrix's second market growth strategy. This strategy is used when a company is targeting a new market with an existing product. Here are some examples. These include major shoe manufacturers such as Adidas, Nike and Reebok.
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UH
What keeps you motivated when you face challenges? Check any that apply.
External rewards is when a person feels compelled to behave in order to gain a benefit or stay out of harm.
What makes an excellent challenge sentence?I enjoy a significant task, and there are few greater than this. The economy is the new president's first obstacle. The protesters have now openly contested the legitimacy of the government. I questioned him about his political attitudes' hypocrisy.
The three-word challenge is what?Use the What3Words smartphone app to take along a navigation challenge. Teams can compete to see who will finish the work in the shortest amount of time. Mobile phones can be downloaded using the app What3Words. It divides the globe into 3 meter squares, giving each square a unique size.
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true or false: cutting costs and boosting productivity are strategies for achieving competitive advantage.
False . cutting costs & boosting productivity are strategies for achieving competitive advantage.
Competitive advantage.
A competitive advantage can come from the user experience, which is a better, more reasonably priced, or more enjoyable product, or it can come from another tangible or intangible asset, like the intellectual property or the customer service staff.
A business' ability to compete sets it apart from one that is successful, but the source can vary from industry to industry and company to company.
Common instances of competitive advantage include:
the groupspecial access to technology or production techniquesA unique item that is only available from you (protected by IP law or patents, etc.)ability to produce and sell for less money (known as cost leadership)Name recognition and standingLearn more about competitive advantage.
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You’ve worked for several years in a department where most employees had recently graduated from college. Tomorrow, however, you start a new position, and most of your coworkers will be nearing retirement age. Based on research findings about people of the Baby Boomer generation, what attitudes can you expect your new colleagues to hold? Check all that apply.
( ) They tend to feel loyalty to the organization.
( ) They tend to place work at the center of their lives.
( ) They tend to believe that hard work and sacrifice should be rewarded.
( ) They tend to cultivate their individual identities and seek personalized experiences.
Globalization has meant that disasters, rather than staying localized, may have severe worldwide effects. As you think about your own career resilience, which of the following ideas is important to keep in mind?
( ) Over the long term, the economy has always grown, so job security is a given.
( ) During a recovery from an economic downturn, some entire categories of jobs may not come back.
( ) It doesn’t make sense to learn new skills, since there is no way to predict what skills will be useful in the future.
( ) As long as one plans to work only in the United States, it is not very important to learn about other cultures.
They tend to feel loyalty to the organization that attitudes can you expect your new colleagues to hold.
what attitudes can you expect your new colleagues to hold?According to research on members of the Baby Boomer group, you can anticipate your new coworkers to have the following attitudes:
They frequently experience a sense of loyalty to the company (X).They frequently priorities their careers over all else (X).They have a propensity to think that effort and sacrifice should be rewarded (X).They frequently cultivate their unique identities and look for experiences that are tailored to them.The following notions about career resilience are crucial to remember: () Job stability is a given because the economy has consistently developed over the long term. Some entire employment categories might not return as the economy recovers from a downturn.
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A point inside the production possibilities curve may indicate that
When given the option of creating two commodities or services, the Production Possibility Curve is a framework that reflects scarcity and the potential costs of options.
What is the meaning of a point inside the production possibilities curve?Any position inside a production possibility curve curve denotes either inefficiency or unemployment. An economy has reached full employment if it is producing a variety of items that puts it on the curve of production possibilities.
What transpires when output is inside the range of possible production?Using the same amounts of production inputs while staying within its production potential curve It is producing in an ineffective manner. The economy might be able to produce more things through inefficient means without employing any additional labor, money, or environmental assets.
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the skills approach takes a on leadership, like the trait approach. group of answer choices leader-follower centered perspective organizational-centered perspective situational-centered perspective leader-centered perspective
The skill approach takes a leader-centered perspective (D) on leadership, like the trait approach.
Trait approach refers to leadership beliefs that potential leaders must to have several personal traits. Those traits will distict thos potential leaders from the common individuals. This belief focuses on the leader-centered perspective.
Leader-follower centered perspective higlights the way leader interact with his followers. This perspective refers to the relationship between leader and his followers and the way the leader approach, affect, and influence his followers.
Organizational-centered perspective represents the leadership style based on the organizational structure, beliefs, and values.
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Complete Question:
The skills approach takes a ____ on leadership, like the trait approach.
a. leader-follower centered perspective
b. organizational-centered perspective
c. situational-centered perspective
d. leader-centered perspective
why does airline management keep their financial date secret and only release the minimum required by company law or stock exchange rules? what events of the past 20 years have affected thi
Privately held businesses are typically exempt from legal requirements requiring them to disclose certain financial and operational data.
They have a lot of freedom in determining what kinds of information to make public. Small firms and other privately held businesses may choose to keep certain sorts of information private and decide for themselves who needs to know about them. On the other hand, businesses that are owned by the general public are governed by extensive disclosure regulations regarding their financial situation, operating outcomes, management remuneration, and other aspects of their operations.
Many smaller businesses decide to offer investors shares in their business in order to obtain finance. In these situations, small businesses are governed by many of the same disclosure regulations as large enterprises.
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this agency writes and enforces rules for financial institutions, examines both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints.
The CFPB draughts regulations for financial institutions, enacts them, and audits both bank-affiliated and non-bank financial institutions.
What are the different sorts of financial institutions?Some of the common types of financial organisations include central banks, commercial banks, investment corporations, credit unions, thrift institutions, insurance companies, etc. Additionally, they provide advisory services to customers who want information on the advantages and disadvantages of making a specific investment.
What function does a financial institution serve?Banks perform a variety of different tasks, but its main responsibility is to collect deposits from individuals with money, pool them, and then lend the money to those in need. Banks serve as a go-between for depositors (who give the bank money) and borrowers (to whom the bank lends money).
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at the beginning of the year, addison company's assets are $165,000 and its equity is $123,750. during the year, assets increase $80,000 and liabilities increase $56,000. what is the equity at year-end?
At the beginning of the year, Addison company's assets are $165,000 and its equity is $123,750 and during the year, assets increase $80,000 and liabilities increase $56,000 then the equity at the year end would be equal to $147,750.
Assets = liability + equity
beginning $165,000 = $ 41,250 + $123,750
change $80,000 = $56,000 + $24,000
end $245,000 = $97,250 + $147,750
In your accounting spreadsheet, the three biggest categories are assets, liabilities, and equity. All the things your company possesses are its assets. What your company owes to owners and third parties are its liabilities. The guiding principle of accounting is that assets must equal liabilities plus equity in order for your books to balance. Assets = Liabilities + Equity is the basic accounting equation. They comprise the balance sheet of a business. The idea is that everything the company possesses came from someone, either an outside source, like a lender, or an internal source, like a stockholder. Every dollar a company owns can be traced back to a shareholder or owner. As a result, every resource a company possesses is categorized as either an asset and a liability or an asset and equity.
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An industrial firm is considering purchasing several programmable controllers and automating its manufacturing operations. It is estimated that the equipment will initially cost $150,000 and the labor to install it will cost $45,000. A service contract to maintain the equipment will cost $5,000 per year. The trained service personnel will have to be hired at an annual salary of $40,000. Also estimated is an approximate $15,000 annual income-tax savings (cash inflow). How much will this investment in equipment and services have to increase the annual revenues after taxes in order for the firm to break even?
This investment in equipment and services will have to increase $64,511.91 of annual revenues after taxes in order for the firm to break even.
What does annual revenues mean?The money a business earns from the sale of goods and services over the course of a given year is known as annual revenue. Before any adjustments for the cost of the inventory you sold or business expenses, annual revenue is the sum of all sales. On income statements (also known as profit and loss statements) and your business tax form (Schedule C if you're a sole proprietor) your annual revenue is frequently referred to as "sales" or "gross receipts or sales."
Let increase in revenue = x
Initial investment = 150,000 + $45,000 = $195000
for breakeven NPV =0
Yearly cashflow = x+15000-40000-5000 = x-30000
195000 = (x-30000)/1.12 + (x-30000)/1.12² + (x-30000)/1.12³ .........(x-30000)/1.12¹⁰
x= $64,511.91
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which economic group saw the greatest growth as a result of the clerical needs of running a major business?
The upper middle class saw the greatest growth as a result of the clerical needs of running a major business. This is because the availability of entry-level, white-collar jobs led to the expansion of the professional workforce and a rise in the number of people in the upper middle class.
The greatest growth as a result of the clerical needs of running a major business occurred in the service sector. This growth can be attributed to the increased demand for clerical workers to provide administrative, communication, and organizational support for large businesses.
In response to this demand, service sector workers, such as receptionists, secretaries, customer service representatives, and data entry clerks, have seen increased employment opportunities. As companies become more complex, the need for individuals who are skilled in the use of computers and other office technology is also on the rise.
In addition, advancements in telecommunications technology have allowed for remote work, which has also contributed to an increase in the demand for clerical and administrative staff. Working remotely allows companies to access a larger pool of potential employees, many of whom may be more cost-effective than hiring in-house staff.
Furthermore, the clerical needs of running a major business have led to increased opportunities for those specializing in accounting and finance. Sophisticated accounting and financial software has made it easier to manage, track, and analyze financial data, allowing financial specialists to provide more accurate and detailed information to their employers.
Finally, the clerical needs of running a major business have impacted the growth of the legal profession.
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imagine you want to buy a newly released pair of nike shoes and you go online to purchase them. because the product you want is the same for every website, the only thing that will affect where you decide to purchase your shoes is the price. what type of economic situation exists in this example?
Type of economic situation exists in this example is Pure Competition
Pure competition is a term that portrays a market that has a wide scope of contenders who are selling similar items. It is frequently alluded to as wonderful rivalry. Here are a few qualities that characterize unadulterated contest:
In an ideal absolutely aggressive market, the items being sold would be indistinguishable, which eliminates the choice of one dealer offering something else or better than another vender.
Since there are such countless rivals in the market offering a similar item at a similar cost, one contender doesn't have an edge over the others. Basically, every one of the merchants are equivalent.
New organizations can undoubtedly enter the market.
The cost of items is resolved exclusively by the thing customers will pay.
To additionally show unadulterated contest, how about we envision that you are buying arranged variety plastic inflatables. You hit up your neighborhood party store where you find a few unique brands of inflatables accessible. There are five distinct brands of 10-inch arranged variety inflatables, and they are completely valued at 99 pennies for each bundle.
Since there is definitely not a massive distinction in plastic inflatables, and they are generally a similar size and value, you are not worried about which bundle you purchase. They all are basically something similar. In this model, the inflatable makers are working under unadulterated rivalry since one organization doesn't have an edge over another. Conventional items, similar to inflatables, can outline unadulterated contest. Every one of the costs are equivalent, and eventually, the inflatables are something similar.
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big data analytics a. zappos has eliminated managers, creating a holocracy in which employees make their own decisions about how work will be done and how they will serve customers. radical decentralization b. express scripts developed beeping medicine bottle caps to remind patients when it is time to take the next dose of their medication.
Express Scripts implemented an innovative solution to ensure patient adherence to medication regimens by introducing beeping medicine bottle caps.
a. Radical decentralization is a practice of allowing employees to make their own decisions in the workplace, without having to consult or go through a manager. By eliminating managers, Zappos has adopted this practice and created a holocracy, which places the decisions of how work is done and how customers are served in the hands of the employees.
b. Express Scripts has implemented a system of beeping medicine bottle caps to remind patients when it is time to take their next dose of medication. This use of Big Data Analytics helps to ensure patients are taking the correct dosage at the correct time and helps to improve medication adherence.
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after world war ii, the advanced industrial nations of the west committed themselves to increasing barriers to the free flow of goods, services, and capital between nations. group of answer choices true false
The statement is false that after world war ii, the advanced industrial nations of the west committed themselves to increasing barriers to the free flow of goods, services, and capital between nations
What is Barriers To Trade?A tariff, or import tax, is the most prevalent type of trade barrier. Imported items cost more than domestically manufactured goods due to tariffs (good produced at home). A government support to one domestic business over another is a typical trade barrier. Producing those things is now more affordable than selling them abroad thanks to subsidies. Government-imposed limitations on global trade are known as trade barriers. Trade restrictions are bad for the global economy and reduce overall economic efficiency, claims the comparative advantage argument.Trade hurdles include a variety of challenges exporting nations experience while sending commodities abroad. Depending on the time and distance between the countries, these trade obstacles can occasionally be purely natural. Trade barriers can occasionally be the result of government action. Tariffs and quotas are two of these restrictions.Following World War II, the developed industrialized nations of the West made a commitment to erect more obstacles to the free flow of people, capital, and services across borders. The aforementioned claim is untrue.The industrialized West strove to open up its economies following World War II. As a result, they switched from a closed to an open economy. Due to a decrease in trade restrictions, products and services could flow freely. Nations were allowed to trade freely to benefit from trade when all cultural and political barriers were removed.
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why would you want to use small steps to get to a big economic goal?
The small steps which is used to get to a big economic goal due to the larger economic system in the economy.
The economic system is the system in which the several processes performed like production, resource, distribution, exchange of the products or services in the marketplace.
The most important reason which is taken small steps which is used to get to a big economic goal due to the larger economic system in the economy.
The individual, organization, agencies , government and the companies which makes the decision of change should use small steps to avoid the big losses that may be faced during the development or change.
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karam is a top manager at a large plumbing supply company. caroline, the company president, noticed that recent college graduate and first-line managers tend to gravitate toward karam. they approach karam for advice, especially on important matters, even though he does not directly supervise most of them. caroline realizes that karam is acting as a(n) to junior employees. multiple choice
Caroline understands that Karam is serving as a mentor to less experienced workers.
What are the MBO process' four components?Loose goals, collaborative decision-making, an explicit time frame, and performance feedback are the four components of an MBO program.
What does technical expertise entail?Technical skills are specialized knowledge or abilities that can be applied to real-world work in the fields of math, science, technology, engineering, and the arts. The use of specific tools and the technologies needed to employ those tools are often prerequisites for technical abilities.
Are technical abilities crucial?For a number of reasons, technical abilities are crucial to the success of your company. No matter what industry you are in, the daily duties that your staff members do depend on various tools and procedures. You must make sure that your staff have the technical skills necessary to do their tasks well.
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list at least three public services that sales tax pays for.
Answer:
Education, Public health, Transportation, Parks, Public Safety
Explanation:
howe co. leased equipment to kew corp. on january 2, year 1, for an eight-year period expiring december 31, year 8. equal payments under the lease are $600,000 and are due on january 2 of each year. the first payment was made on january 2, year 1. the list selling price of the equipment is $3,520,000, and its carrying cost on howe's books is $2,800,000. the lease is appropriately accounted for as a sales-type lease. the present value of the lease payments is $3,300,000. what amount of profit on the sale should howe report for the year ended december 31, year 1?
Choice "b' is correct. The excess of the present value of the selling price over its cost is recorded as profit. Present value of payments $3,300,000
What is meant by present value?A future sum of money or stream of cash flows' present value, or PV, is their current value at a particular rate of return. Using a discount rate or the interest that could be received through investment, present value calculates the future value. The value of an anticipated revenue stream calculated as of the date of valuation is known as present value, also referred to as present discounted value, in the fields of economics and finance. The future value of money is known as FV. The term "present value" is PV. I is the potential return on the investment (interest rate or other). t represents how many years should be taken into account. The quantity n represents the annual number of interest compounding cycles.Choice "B' is accurate. Profit is defined as the amount over the cost of an item that the present value of the selling price exceeds.
Payments' current value $3,300,000
Cost of carrying (2.800,000)
income from sales $ 500,000
"A" is not a valid choice. Profit is defined as the amount that the selling price (present value) exceeds the cost of an item. A distraction is the list price.
Decision 'c "est erroneous. Profit is defined as the amount that the selling price (present value) exceeds the cost of an item.
"D" is not a valid choice. Profit is defined as the amount that the selling price (present value) exceeds the cost of an item.
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your client, a carpenter, donated one of his handcrafted wooden desks to his church, a qualified public charity. the church sold the desk at an auction for $3,500, which is comparable to the standard price for the client's other woodwork. he calculated his costs as follows: wood $1,000 other materials $300 rent for workshop $500 time and services $1,700 this is his only charitable contribution. he itemizes deductions and has an adjusted gross income of $80,000. what is the maximum current year income tax deduction allowable for the client's charitable contribution? a) $1,800 b) $3,500 c) $500 d) $1,300
The maximum current year income tax deduction allowable for the client's charitable contribution is $3,500
What is the theory of fair market value ?
The theory used in this question is the fair market value theory. This theory states that the amount of a charitable deduction for a donated item of property is equal to the fair market value of the item at the time of donation.Fair market value is generally defined as the price that an item would bring in an arm's-length transaction between a willing buyer and a willing seller.
In this case, the fair market value of the wooden desk was $3,500, which was the amount the church sold it for at the auction.
The explanations for this process are as follows:
The maximum current year income tax deduction allowable for the client's charitable contribution is $3,500.
This is because the client donated an item of property (the wooden desk) to a qualified public charity (the church) and the amount of the deduction is equal to the fair market value of the property (in this case, $3,500).
The client's costs of creating the desk, such as the cost of wood and other materials, rent for the workshop, and time and services, are not relevant to the deduction amount.
The client can only deduct the fair market value of the property, which is the amount the church sold it for ($3,500).
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