In a monopolistically competitive market, economic profit or loss minimization can be representative of short-run profitability for firms. In the short run, firms in monopolistic competition may experience economic profit if they are able to differentiate their products effectively, create brand loyalty, or exploit market niches. Conversely, they may face economic losses if they struggle to attract customers or face intense competition.
. When firms in monopolistic competition are making economic profits in the short run, it attracts new firms to enter the market, hoping to capture a share of those profits. This entry increases competition, erodes the market power of existing firms, and reduces their economic profits. On the other hand, if firms are facing economic losses in the short run, some firms may exit the market, reducing competition and creating opportunities for the remaining firms to earn economic profits.
As a result, in the long run, firms in monopolistic competition tend to reach a state of breakeven or normal profit. Breakeven occurs when total revenue equals total costs, including both explicit and implicit costs.
Normal profit refers to the minimum level of profit necessary to keep firms in the market and is equal to the opportunity cost of the resources used in production.
In the long run, firms adjust their prices, output levels, and product differentiation strategies to achieve breakeven or normal profit, which represents the equilibrium state of the market where no economic profit or loss is realized.
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Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instance (RI) discounts across multiple accounts and also apply service control policies on member accounts. Which service or tool can be used to gain these benefits
The service or tool that could be used for gaining the benefits should be AWS Orgs.
The information related to AWS Orgs is as follows:
AWS Organization should be an account management service. In this, there are multiple AWS accounts that should be consolidated for developing and managing. As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS Orgs.
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Find the future value of an annuity of $1700 paid at the end of each year for 10 years, if interest is earned at a rate of 7%, compounded annually.
The future value of the annuity is approximately $23,646.11.
To calculate the future value of an annuity, we can use the formula for the future value of a series of equal payments:
\(FV = P * [(1 + r)^n - 1] / r\)
Where:
FV = Future value of the annuity
P = Payment amount per period ($1700 in this case)
r = Interest rate per period (7% compounded annually)
n = Number of periods (10 years)
Plugging in the values into the formula, we get:
FV =\($1700 * [(1 + 0.07)^1^0 - 1] / 0.07\)
= $1700 * [1.967151 - 1] / 0.07
= $1700 * 0.967151 / 0.07
= $1643.157 / 0.07
= $23,646.11
Therefore, the future value of the annuity is approximately $23,646.11. This means that if you make annual payments of $1700 for 10 years with an interest rate of 7% compounded annually, the total amount accumulated at the end of the 10 years would be around $23,646.11. This calculation assumes that the payments are made at the end of each year and the interest is compounded annually.
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under the omnibus crime control and safe streets act of 1968, what are employers allowed to do?
Answer:only monitor phone calls for compliance
Explanation:
the number/type of people in a buying center largely depends on blank______
The number/type of people in a buying center largely depends on **the complexity and significance of the purchasing decision**.
The concept of a buying center refers to the group of individuals within an organization who are involved in the decision-making process for a particular purchase. The composition of the buying center can vary depending on the nature of the buying decision.
In simple and routine purchasing decisions, the buying center may be small and include only a few individuals. For example, in a small business, the owner or manager might be the sole decision-maker responsible for selecting and purchasing supplies or equipment.
However, in more complex and significant purchasing decisions, the buying center tends to be larger and involve individuals from different departments or functions within the organization. This is because such decisions often require a comprehensive evaluation of various factors, such as technical specifications, financial considerations, legal aspects, and the impact on different departments or stakeholders.
The specific individuals involved in a buying center can vary based on the nature of the purchase. It may include representatives from departments like finance, operations, procurement, marketing, technical experts, and senior management. Each individual brings their expertise, perspective, and influence to the decision-making process.
Therefore, the number and type of people in a buying center are influenced by the complexity and significance of the purchasing decision, as organizations strive to involve relevant stakeholders who can contribute to a well-informed and comprehensive decision.
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/hich type of task interdependence occurs when employees work independently ar
O a. pooled interdependence
O b. verbal interdependence
O c. reciprocal interdependence
O d. nonverbal interdependence
Oe. sequential interdependence
The type of task interdependence that occurs when employees work independently is "pooled interdependence."
In pooled interdependence, employees work independently on their own tasks, and the outputs are then combined to create a final product or service. This type of interdependence is often found in organizations where individual employees are responsible for completing a specific part of a project, and their work is then combined with the work of others to create the final product.
For example, in a software development project, programmers may work independently on their own sections of code, which are then combined to create a working software application. Each programmer is responsible for their own work, and the final product depends on the successful completion of each individual's task.
In contrast, reciprocal interdependence involves a back-and-forth exchange of information and resources among team members to complete a task, sequential interdependence involves a specific order of tasks that must be completed in order for the final product to be successful, and verbal and nonverbal interdependence are not typically used to describe types of task interdependence.
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Single Index Model Consider the following information for assets A & B from the single index model: RA= 10%, RB = 19%, A = 3%. OB = 5%, BA=0.6. BB = 1.4, PAB 4. Note: Here, A and B are the standard deviations of assets A & B, not the standard deviations of their fluctuations (error terms). =
The covariance between assets A and B is 0.084% in the Single Index Model.
In the Single Index Model, the covariance between assets A and B is 0.084%. The Single Index Model is a tool that aids in the identification of the systematic risk of a portfolio. The single index model is a model of stock prices that is used to determine the security market line. It is also known as a simple linear regression. The single index model assumes that all securities have the same systematic risk factor, which can be measured by their beta. The single index model is utilized to forecast stock prices in the future.
The Single File Model (SIM) is a resource estimating model, as per which the profits on a security can be addressed as a direct relationship with any financial variable applicable to the security. The market return is the only thing that matters when it comes to stocks.
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your first morning in your new office, you reflect on what type of manager and leader you hope to be. what would your preferred leadership style be for this situation? g
A leader is no longer thought of as a strong or influential individual telling others what to do and what not to do.
What are Leadership Styles?
Leadership styles are the behavioral strategies used by leaders to sway, inspire, and guide their subordinates. A leader's leadership style affects how plans and strategies are carried out in order to achieve specific goals while taking into account the needs and expectations of stakeholders as well as the health and well-being of their team.
To determine the best or most appropriate leadership style that inspires and influences others to achieve predetermined goals, leadership styles have been researched in a variety of contexts. The degree to which it fosters follower trust is a key component of an effective leadership style.
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Which situation creates scarcity in an economy?
A. Humans and physical capital are used as factors of production when making goods.
B. Businesses disregard public needs and only supply goods that are cheap to make.
C. Citizens have more wants than they can fulfill with their available resource.
D. Governments decide to distribute goods to make sure all citizens are equal.
Option C. Citizens have more wants than they can fulfill with their available resource.
How are unlimited needs and limited resources related to shortage?Seinfeld's economics, next to, describes the term as follows: "In essence, unlimited desire means that people can't get enough, and that there's always something they want." Rarity. "
Rarity in economics refers to the case where the demand for a resource is greater than the supply of that resource due to the finite number of resources. Rarity requires consumers to choose how best to use their resources to meet all basic needs and as many needs as possible.
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Adam plans to invest $1500 today in a mutual fund. If he earns 12 percent interest compounded monthly, to what amount will his investment grow in 20 years? Use a financial calculator to make the calculation. a. $12,450 b. $17,289 c. $15,897 d. $18,546 e. $16,339
Answer:
e. $16,339
Explanation:
Effective Annual rate = {(1 + r / m)^m - 1}
Where r= 12%, m=20
=[(1 + 12% / 12) ^ 12 ] - 1
= [(1 + 1%) ^ 12] - 1
= 1.1268 - 1
= 0.1268
= 12.68%
Value of investment after 20 year = $1,500 × (1 + 12.68%) ^ 20
= $1,500 × 10.8926
= $16,339
Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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Assume the marginal propensity to consume is 0.5 (c1 =0.5). Given this data, which of the following events will result in the greatest increase in output? T decreases by 300. OI decreases by 250. G increases by 300. I increases by 250. G decreases by 300.
The expenditure multiplier formula will be used to assess the impact of these events on output and the correct option is (C) G increases by 300.
Using the formula:
Change in GDP = (Change in Autonomous Expenditure) * Expenditure Multiplier
Change in Autonomous Expenditure = -300
Change in GDP = (-300) * 2 = -6002. OI decreases by 250.
When OI declines, the investment expenditure will decrease, lowering output.
Using the formula: Change in GDP = (Change in Autonomous Expenditure) * Expenditure Multiplier
Change in Autonomous Expenditure = -250
Change in GDP = (-250) * 2 = -5003.
G increases by 300.
The government expenditure is a component of aggregate demand that can impact output. An increase in G implies a higher government spending, which will boost GDP.Using the formula:
Change in GDP = (Change in Autonomous Expenditure) * Expenditure Multiplier
Change in Autonomous Expenditure = 300Change in GDP = (300) * 2 = 6004. I increases by 250.
Investment expenditure can affect output. An increase in I implies a higher investment, which will raise GDP.Using the formula:
Change in GDP = (Change in Autonomous Expenditure) * Expenditure Multiplier
Change in Autonomous Expenditure = 250
Change in GDP = (250) * 2 = 5005. G decreases by 300.
A decrease in G will reduce government spending, which could hurt output.
Using the formula:Change in GDP = (Change in Autonomous Expenditure) * Expenditure Multiplier
Change in Autonomous Expenditure = -300
Change in GDP = (-300) * 2 = -600
Based on the above analysis, the event that will result in the greatest increase in output is when G increases by 300.
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On December 31, 2021, a company had assets of $16 bilion and stockholder's equity of $11 billion. That same compary had assets of $200 bilian and stockholders' equity of $12 billion as of December 31, 2022. During 2022, the company reported total sales revenue of $24 bilian and total expenses of $22 billion. What is the company's debt-to-assets ratio on December 31,2022 ? Muitiple Choice 0.30 0.06 0.40 0.03
The company's debt-to-assets ratio on December 31, 2022, is 0.06. During 2022, the company reported total sales revenue of $24 billion and total expenses of $22 billion. Option B is correct answer.
The debt-to-assets ratio is calculated by dividing the total debt of a company by its total assets. In this case, we need to find the ratio on December 31, 2022.
The company's total assets on December 31, 2022, were $200 billion, as mentioned in the question. However, the question does not provide information about the total debt of the company.
To calculate the debt-to-assets ratio, we need the total debt. Without this information, we can accounting equation determine the exact ratio.
Given the options provided (A. 0.30, B. 0.06, C. 0.40, D. 0.03), option B (0.06) is the closest to a reasonable debt-to-assets ratio. However, it is important to note that this is an estimation based on the given information, and the actual ratio may vary depending on the company's specific financial situation.
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The Complete question is
On December 31, 2021, a company had assets of $16 bilion and stockholder's equity of $11 billion. That same compary had assets of $200 bilian and stockholders' equity of $12 billion as of December 31, 2022. During 2022, the company reported total sales revenue of $24 bilian and total expenses of $22 billion. What is the company's debt-to-assets ratio on December 31,2022 ? Muitiple Choice
A. 0.30
B. 0.06
C. 0.40
D. 0.03
Suppose that the government gives a $10 per unit subsidy to sellers of Humbugs. The pre-tax price of Humbugs was $50. There are no additional social benefits to encouraging the consumption of Humbugs. lf, at the original equilibrium price, the elasticity of demand was-05 and the elasticity of supply was 2, which of the following is true? Firms will receive relatively more benefits than consumers. Consumers will recelve relatively more benefits than firms. All benefits from the subsidy will go to consumers. All benefits from the subsidy will go to producers. Consumers and producers will split the benefits of the subsldy equally. Which of the following statements is correct about the overall effect of the subsidy? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. 2 The subsidy will cost the goverment more than the net benefit to consumers and producers Only the government will be better off Both consumers and producers will be better off The subsidy will clearly improve welfare for society as a whole Only producers will be better off
Consumers and producers will split the benefits of the subsidy equally.in this scenario, the elasticity of demand (-0.5) is less than the elasticity of supply (2).
This implies that producers have a more elastic supply curve, making them better positioned to benefit from the subsidy. However, consumers will also benefit as the subsidy lowers the price they pay for Humbugs. As a result, the benefits of the subsidy will be shared between consumers and producers, with each group receiving a relatively equal portion of the benefits.
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Governments use tariffs in order to:
A. increase the cost of products imported from foreign countries.
B. promote completely free trade in all countries around the world.
C. invest government funds into a struggling domestic industry.
D. agree on the conditions of trade with another country.
PLEASE HELP :’)
Answer:Why do governments impose tariffs?
To protect newly established industries from total and premature collapse, the imposition of tax has to be made to curtail excessive demand for foreign-made goods.
Explanation:
Governments use tariffs in order to increase the cost of products imported from foreign countries. Thus the correct option is A.
What is Government?The government is referred to as an administrative body that helps to perform the function of the country by maintaining peace and order and implementing rules and laws described in the constitution and working for the welfare of its citizens.
If there were significant tariffs, the US would become less dependent on imports. By exploiting the significance of tariffs and raising taxes on imported items, domestic goods are given preference.
Tariffs is referred to taxes applied on imported goods that increase the cost of foreign goods in the country. Due to high price of foreign goods customer shift to domestic goods which helps in improving the economy.
Therefore, option A is appropriate.
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Greg's average balance checking account pays simple interest of 5.4% annually, and he made $7.20 in interest last month. What was Greg's average balance last month?
Answer:
Greg's average balance last month was $ 1,600.
Explanation:
Given that Greg's average balance checking account pays simple interest of 5.4% annually, and I have made $ 7.20 in interest last month, to determine what was Greg's average balance last month the following calculation must be performed:
5.4 / 12 = 7.20
100 = X
0.45 = 7.20
100 = X
100 x 7.20 / 0.45 = X
720 / 0.45 = X
1600 = X
Therefore, Greg's average balance last month was $ 1,600.
an assembly line in a candy factory is an example of blank because it allows the candy company to benefit from cost reductions based on the vast amounts of candy produced. multiple choice question.
An assembly line in a candy factory is an example of economies of scale because it allows the candy company to benefit from cost reductions based on the vast amounts of candy produced.
What is economies of scale?The term "economies of scale" describes the phenomena wherein the average cost per unit of production decreases as the scale or magnitude of the output generated by a firm increases.
Bulk purchases allow a big-box retailer to get better prices per item. The company then has the option of keeping the savings to boost its earnings or turning them into a competitive advantage by passing the savings on to the customer and charging less than its rivals.
Increased earnings - Economies of scale result in better profits, which boost returns on investment in capital and give enterprises the foundation they need to expand. Larger scale of operations - As a company expands, it solidifies and becomes less prone to external challenges.
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Type the correct answer in the box. Spell all words correctly.
Which good customer service skill does Tony seem to possess?
Tony works as a customer service professional for a store that sells refrigerators. He met a customer who was furious with the store's service.
Apparently, the store had delivered the wrong refrigerator model to the customer's home address. Tony apologized on behalf of the store. He
told the customer that the store would quickly replace the product. He Interacted with the customer for a while and promised that the store
would never give the customer a chance to complain in the future. Tony's ________
helped him make the customer believe
In the store's service.
Answer:
professional manner and reassurance
Blaine Yorkton, a 29-year-old accountant, had a personal page on a social networking site called Welcome All. He soon acquired several “friends,” a few of whom were strangers, who posted personal comments and jokes on his page. A few months later, Blaine was victimized by an identity thief who, after investigation by authorities, was determined to have utilized information secured from Welcome All to carry out the crime. Unable to recover the money taken from his financial accounts or correct the harm done by online use of his credit, Blaine sued Welcome All for allowing the invasion of his privacy and for negligence in not installing rules, providing warnings, or screening the “friends” network for imposters.
Blaine Yorkton had an account on the social media site Welcome All where he added several friends, including some strangers. Unfortunately, one of these individuals turned out to be an identity thief who stole Blaine's personal information from his Welcome All page.
This resulted in financial losses and harm to Blaine's credit that he was unable to correct. As a result, Blaine sued Welcome All, claiming that the site was responsible for the invasion of his privacy and for not having adequate measures in place to protect users' information, such as rules, warnings, or a screening process for verifying the identity of friends.
What is the lawsuit about?The outcome of the lawsuit would likely depend on the specific laws and regulations governing privacy and security in the jurisdiction where it was filed. In general, social media companies may be held liable for failing to take reasonable steps to protect users' personal information, but the extent of their responsibility may vary depending on the circumstances.
This case serves as a reminder of the importance of being cautious about what personal information is shared on social networking sites and the need for social media
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In human resources management, _____ is the process of teaching employees to do specific job tasks through either classroom development or on-the-job experience.
mediation
arbitration
picketing
orientation
training
In human resources management, training is the process of teaching employees to do specific job tasks through either classroom development or on-the-job experience.
Training is an important component of human resources management, as it helps to ensure that employees have the necessary skills, knowledge, and abilities to perform their job tasks effectively. It can be conducted in a variety of ways, including classroom-based training, on-the-job training, apprenticeships, and e-learning programs.
The goal of training is to improve employee performance and productivity, reduce errors and accidents, and enhance job satisfaction and morale. By investing in employee training, organizations can increase their competitiveness, improve their bottom line, and retain their top talent.
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In human resources management, training is the process of teaching employees to do specific job tasks through either classroom development or on-the-job experience. Option E
In human resources management, the process of teaching employees to do specific job tasks through either classroom development or on-the-job experience is known as training. Training is a crucial aspect of human resource management as it helps employees gain the necessary skills and knowledge to carry out their job responsibilities effectively.
The purpose of training is to enhance employee performance, productivity, and job satisfaction. There are several types of training, including on-the-job training, apprenticeships, mentoring, classroom training, and e-learning. The choice of training depends on the nature of the job and the learning style of employees.
On-the-job training involves learning while performing job tasks, and it can be effective for tasks that require hands-on experience, such as operating machinery or equipment. Classroom training, on the other hand, involves learning in a classroom setting, either face-to-face or online, and it is suitable for tasks that require theoretical knowledge, such as accounting or legal compliance.
Training is an ongoing process that should be integrated into the overall human resource management strategy. It should also be regularly evaluated to determine its effectiveness in achieving the desired outcomes. Effective training programs can lead to higher employee retention, increased productivity, and better customer satisfaction. Therefore, investing in training is a worthwhile endeavor for any organization. Therefore Option E is correct.
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which of the following is a material used for salad making and dessert that need great care to ensure long shelf life?
A. glass
B. aluminium
C. cast iron
D. stainless steel
Answer:
I thoughts B becaisedvfdhjdshjhh
find out what has happened to UK Industry over the past 10 year
and why is this?
Pat promises to install granite countertops in the home at 123 Main Street that Bruce is purchasing "provided that the escrow on the sale of 123 Main Street closes." The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise.a) trueb) false
Answer: True
Explanation:
From the question, we are informed that Pat promises to install granite countertops in the home at 123 Main Street that Bruce is buying provided that the escrow on the sale of 123 Main Street closes.
The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise is true. This is because Pat will only fulfil her promise given that there is a close of escrow on the sale of 123 Main Street.
Which of the following is not a benefit of marriage, according to the U.S. Department of Health and Human Services?
making better decisions
mentally healthier
wealthier
at decreased risk of alcohol and drug use
Answer: wealthier
Explanation:
According to the report by the U.S. Department of Health and Human Services, marriage is beneficial in various ways to both spouses and offspring.
It stated that having a spouse enabled for better decision making in various areas including in substance abuse which led to a decreased risk in both alcohol and drug use.
Being married can also contribute to the general mental health of spouses.
There was no mention however, of marriage making people wealthier.
Answer: making better decisions
Explanation: it's correct on edge
Given the information below, calculate net income in the current period. Accounts Receivable$14,700 Rent Expense 7,500 Insurance Expense 2,100 Common Stock 24,000 Service Revenue 28,300 Supplies 4,300 Equipment 21,600 Income Tax Expense 4,200 Multiple Choice $27,300. $29,200. $14,500. $10,200.
Answer :
Net income = $14,500
Explanation :
Net income = Revenue from service - Income tax - Rent - Insurance
Net income = $28,300 - $4,200 - $7,500 - $2,100
Net income = $14,500
HOW does Industrial education affect industries ?
Answer:
Understanding how education and training interact with the economy can help explain why some workers, businesses, and economies flourish, while others falter. Conversely, industries with higher education and training requirements tend to pay workers higher wages. The increased pay is due to a smaller labor supply capable of operating in those industries, and the required education and training carries significant costs. Industries with higher education and training requirements tend to pay workers higher wages. An economy's productivity rises as the number of educated workers increases since skilled workers can perform tasks more efficiently. How Education And Training Affect The Economy How Job Training Influences the Economy A successful economy has a workforce capable of operating industries at a level where it holds a competitive advantage over the economies of other countries. If increases in pay are warranted as a result of the training, will the increases in productivity and profits be enough to cover any pay raises as well as the overall cost of the training program? employers should be wary about newly trained workers leaving, many employers require workers to remain with the firm for a certain amount of time in exchange for paid training. For Workers Workers increase their earning potential by developing and refining their capabilities and skills. Primary—elementary school in the U.S. Secondary—middle school, high school, and preparatory school Post-secondary—university, community college, vocational schools A country's economy becomes more productive as the proportion of educated workers increases since educated workers can more efficiently carry out tasks that require literacy and critical thinking. However, as more workers get trained over time and enter the workforce to chase the higher wages, the supply of trained workers increases. As wages fall, fewer workers are interested in those jobs, leading to a reduction in the supply of workers. The cycle begins again with training more workers and increasing their wages in the short run. Because of the falling wage rate, fewer workers are interested in training for the skills demanded by employers. Education, Training, and Race In the U.S., education doesn’t always result in higher wages for all workers. The gaps also persist across all levels of education: Black workers who have high school, college, and advanced degrees earn just 81.7%, 77.5%, and 82.4%, respectively, of what White workers with the same degree earn.1 And the unemployment rate of Black workers who have a bachelor’s degree is similar to that of White workers without a college education.2 Economies with a significant supply of skilled labor, brought on through formal education as well as vocational training, are often able to capitalize on this through the development of more value-added industries, such as high-tech manufacturing. Countries need to ensure through legislation and jobs programs that all their citizens have access to the education and training that can lift up workers, companies, and the entire economy.
explanation:
Kay has decided to take out a $23,100 loan, and she wants to pay it back in quarterly installments. She has narrowed her options down to two banks. Bank V offers a six-year loan with an interest rate of 4. 6%, compounded quarterly, and has a service charge of $822. 45. Bank W offers an eight-year loan with an interest rate of 3. 9%, compounded quarterly, and a service charge of $722. 25. Which loan will have the greater total finance charge, and how much greater will it be? Round all dollar values to the nearest cent. A. Loan W's finance charge will be $335. 96 greater than Loan V's. B. Loan W's finance charge will be $436. 16 greater than Loan V's. C. Loan V's finance charge will be $263. 10 greater than Loan W's. D. Loan V's finance charge will be $100. 20 greater than Loan W's.
Answer:… um um um um
Explanation:why am I getting these questions
Which of the following has not been a model for schooling in the United States?
O A religious school, where students are taught based on religious values and materials.
O A public school, where students of all backgrounds and histories have access to a free education.
O A dame school, where children living near one another gather at a neighbor's home for learning.
O A walkabout," where students are sent into a wilderness area to develop survival skills.
Answer:
A. Religious school, where students are taught based on religious values and materials.
Explanation:
How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78
Answer:
The present value is $537.78
Explanation:
Given
\(Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%\)
Required
The Present Value(I)
To calculate the present value, we simply apply the formula for future value;
\(FV = I *(1 + R)^T\)
Substitute 20,000 for FV; 50 for T and 7.5% for R;
This gives
\(20,000 = I *(1 + 7.5\%)^{50}\)
Convert percent to decimal
\(20,000 = I *(1 + 0.075)^{50}\)
\(20,000 = I *(1.075)^{50}\)
\(20,000 = I *37.19\)
Divide both sides by 37.19
\(\frac{20,000}{37.19} = \frac{I *37.19}{37.19}\)
\(\frac{20,000}{37.19} = I\)
\(537.778 = I\)
\(I = 547.78\ (Approximated)\)
Hence, the present value is $537.78
Please answer this if you wanna try to cheer me up
I need it a lot and I'd be really grateful
I don’t know what the question is, but I answered this so hopefully this cheered you up!
Your partner wants to make sure you are well taken care of financially in the event they die, and so takes out a life insurance policy on themselves with liberty life, co. , naming you as beneficiary on the policy. Unfortunately, tragedy strikes and your partner dies. However, the life insurance company refuses to pay you on the policy. Do you have the right to sue them since you were not a party to the contract?
Yes, definitely. I can sue the insurance company if they tend to violate the terms and conditions of my policy. Secondly, its important to avoid certain mistakes from our behalf too so, there is no delay in the distribution of wealth if any unfortunate event happens.
There are certain reasons that an insurance company can deny your claim even if you were the only beneficiary:
possibilities of application errorsthere could be an error in claim or omissionsfrauds in insurancelack of coverageSo, whether you're planning to sue your insurance company or not, it's always a good idea to be organized and maintain thorough records. Some things to bear in mind, like keeping copies of all communications you have with the insurance provider and/or its representatives. If you feel like they are recording your calls, remain cool. Keeping the track of the items you have insured, taking pictures and keeping receipts is really necessary. Right after an accident, take pictures of the damaged property, such as your car or house. Keep a record of the costs you incur is the most prominent thing that should not be missed.
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