Question 2: Chapter 1: Foreign Exchango-Terminology Homework * Answerd - Due Dec 16th, 11:59 PM Suppose that S=$1.10/6. If the price of an item costs $6 in the U.S, and €S in Germany, what is the real exchange rate? Do not use any symbol or unit. Also, make sure to round your answers to the nearest 10000 th decimal points.
Answers
The real exchange rate is approximately 0.5455. This means that the item costs approximately €0.5455 in Germany when priced at $6 in the U.S.
The real exchange rate is a measure of the relative prices of goods and services between two countries. It reflects the purchasing power of one currency relative to another. The given spot exchange rate is S=$1.10/6, meaning that 1 U.S. dollar is equivalent to 1.10 euros.
To calculate the real exchange rate, we need to divide the price of the item in the U.S. ($6) by the exchange rate (1.10). This gives us $6/1.10 = €5.4545. Rounding this to the nearest 10000th decimal point, we get €0.5455 as the approximate price of the item in Germany.
Therefore, the real exchange rate is approximately 0.5455, indicating that the item is relatively cheaper in Germany compared to the U.S.
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Related Questions
how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
Answers
Answer:
,
Explanation:
i think this is answer right
Suppose a buyer wrongfully refuses to accept conforming goods from the seller and then the goods are subsequently lost or damaged during transit. If the original contract was a destination contract and if the seller does not have shipping insurance or the loss exceeds the seller's insurance, the risk of loss ______.
Answers
Under a destination contract, the risk of loss shifts to the buyer once the goods have been tendered at the designated delivery location.
Therefore, if the buyer wrongfully refuses to accept conforming goods from the seller and then the goods are subsequently lost or damaged during transit, the seller would be liable for the loss or damage.
The seller would be liable for the loss or damage because the seller's risk of loss has not yet shifted to the buyer, as the buyer has not accepted the goods.
In such a situation, if the seller does not possess shipping insurance or the loss exceeds the seller's insurance, the seller would likely be responsible for the entire amount of the loss or damage. This means that the seller would be responsible for compensating the buyer for the lost or damaged goods.
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Complete the following. (Value: 2 x 5= 10 marks) The following interoffice messages are too long and too formal to be effective as electronic transmissions to others on the same computer network. Revise each message to make it direct and less formal-that is, appropriate for electronic communication. Make sure that each message contains 50 or fewer words in one paragraph. 1. In an effort to stimulate sales, we are hosting demonstrations for special clients here in the Eastern Region. In Ontario, we will sponsor a demonstration in Niagara Falls, one in Oshawa, and one in Ottawa. These three demonstrations will be held in March. In New Brunswick, we plan to sponsor two demonstrations. One will be held in Edmundston; the other will be in Saint John. These demonstrations are tentatively scheduled for April. In Québec, the demonstrations will be in Hull and Montreal-tentatively set for May. A schedule of dates and times is forthcoming. We will distribute the "final" schedule of demonstration times and dates, as well as the names of the hotels, during the next month or so. 2. Many employees have been requesting information concerning extended medical benefits for themselves and their families. Connors Worldwide Insurance, which provides our employees with their company-paid insurance has several attractive packages available to any interested employee at reasonable costs. Employees who are interested can pay the cost of premiums through payroll deductions. If you feel that you might need some additional insurance above and beyond what the company now offers, by all means be sure to get more information on the specific packages available and the cost of each. For more information, contact Gretchen Heinz in the Benefits Department. Gretchen's extension is 4384.
Answers
The following interoffice messages are too long and too formal to be effective as electronic transmissions to others on the same computer network.
1. We're hosting demos for select clients in the Eastern Region. In Ontario, demos will be held in Niagara Falls, Oshawa, and Ottawa in March. In New Brunswick, we'll have 2 demos in April - Edmundson and Saint John. In Québec, we'll host demos in Hull and Montreal tentatively in May. Dates and times are coming soon.
2. Many employees want information on extended medical benefits. Connors Worldwide Insurance has attractive packages available at a reasonable cost. If you're interested, you can pay premiums via payroll deductions. If you want more information, contact Gretchen Heinz in Benefits. Gretchen's extension is 4384.
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Rashad doesn't want to spend time organizing his personal financial records. His spouse, Minos, thinks it is worth spending the time to get organized. What should Minos tell Rashad to convince him that organizing personal financial records is beneficial? OA It will be easier to manage daily business activities such as paying bills. OB. People who organize their personal financial records generally do not have to file taxes. OC They cannot lose money on investments as long as they keep good records. OD. Most banks offer a yearly cash bonus if clients have organized financial records.
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What Minos should tell Rashad to convince him that organizing personal financial records is beneficial is: A It will be easier to manage daily business activities such as paying bills.
To convince her spouse of the importance of organizing personal financial records, Minos should tell Rashad that organization will help him to coordinate his daily business activities better.
He will not be at a loss of the whereabouts of his financial data.
Therefore, option A is right.
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Which of the following statements about a company's strategy is false?
- A company's strategy typically evolves over time, partly because of the periodic need to abandon strategy elements that have grown stale or become ineffective.
- The task of crafting strategy is a work in progress, not a one-time event.
- A company's strategy is typically a bend of proactive and reactive strategy elements.
- A portion of a company's strategy is always developed on the fly because of the ongoing need to react and adapt to unanticipated events and changing circumstances.
- A company's strategy is deliberately kept under wraps by top-level managers so as to catch rival companies by surprise and keep them off-balance.
Answers
The false statement about a company's strategy is: "A company's strategy is deliberately kept under wraps by top-level managers so as to catch rival companies by surprise and keep them off-balance."
In reality, it is not common for a company's strategy to be deliberately kept secret from top-level managers. Strategic planning and execution often involve the participation and collaboration of top-level managers and key stakeholders within the organization. Sharing the strategy internally allows for alignment, coordination, and effective implementation across different departments and functions. While some specific tactical details may be confidential for competitive reasons, the overall strategic direction and goals are usually communicated within the organization to ensure understanding and commitment from employees.
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Sandoval Research is required to file its audited financial statements with the Government Accountability Office Cain & Scutars, CPW's has been hired to perform the engagement for the year ending December 31, 2007. Cain & Scutaro, CPA's has identified several threats to its independence with respect to Sandoval Research Which of wing potential safeguards might be effective in reducing the threat or threats to an acceptable level?
a. Consulting with an independent third party
b. Having a professional staff member who was a member of the audit team review the work performed
c. Allowing a member of the audit team to have a financial interest in the audit client as long as the interest is less than 10% of the staff member's net worth
d. All of the above.
Answers
The correct answer is (a) Consulting with an independent third party and (b) Having a professional staff member who was a member of the audit team review the work performed
Option (a) Consulting with an independent third party can be an effective safeguard in reducing the threats to independence. This third party can provide an objective perspective on the situation and help identify any potential conflicts of interest or other threats to independence.
Option (b) Having a professional staff member who was a member of the audit team review the work performed can also be an effective safeguard. This helps ensure that the work performed is accurate and that any potential conflicts of interest or other threats to independence are identified and addressed.
Option (c) Allowing a member of the audit team to have a financial interest in the audit client, even if it is less than 10% of the staff member's net worth, is not an effective safeguard. Such an interest could compromise the auditor's independence and objectivity, even if the financial interest is small.
Therefore, the correct answer is (a) and (b), as option (c) is not an effective safeguard. Option (d) is not the correct answer as it includes option (c), which is not an effective safeguard.
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A direct mailer falls under the category of sales, not marketing.
True
False
Answers
Answer:
False.
Explanation:
A direct mailer can be defined as a form of marketing which involves the use of a mail service such as a courier or postal service to physically deliver a piece of promotional product or material to a target audience such as home or business. Some examples of a direct mailer are catalogs, postcards, solicitation letters, flyers, coupons, brochures etc.
Hence, a direct mailer falls under the category of marketing, not sales.
2. Which type of work — a job or a career — do you think demands more emotional energy, and why?
Answers
Answer:
doctor
Explanation:
Making sure everyone is well taken care of and prescribed the right medication
Both jobs and careers can demand emotional energy, but the level of emotional energy required may vary.
What is a jobA job is typically short-term and may not provide a strong sense of purpose, leading to a lower emotional investment. On the other hand, a career involves long-term goals and personal development, leading to a deeper commitment and sense of purpose, which can require a higher level of emotional energy.
Individual circumstances, job responsibilities, and personal motivations can also influence the emotional energy demanded by a job or career. Ultimately, emotional energy is an important consideration in both professional pursuits, as it impacts job satisfaction, motivation, and overall well-being.
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This card works like a short-term loan?
A. debit
B. credit
Answers
This is like a credit card since you can buy things and then pay the credit card bill at the end of the month.
Answer:
B.
Explanation:
its a loan that you are paying back
Creating an engaged work force suggests engagement can be
affective, intellectual and social. Identify are some issues when
measuring work engagement.
write min 400 words
Answers
Employee engagement is a crucial component of a successful company, as an engaged workforce can enhance productivity, employee satisfaction, and customer experience.
Work engagement is defined as a positive psychological state characterized by vigor, dedication, and absorption, which is linked to high levels of work motivation and job satisfaction. Measuring work engagement is crucial for companies who want to enhance employee satisfaction, productivity, and overall business performance.
There are three types of engagement: affective, intellectual, and social. Affective engagement is related to employees' emotional attachment to their work, organization, or colleagues. Intellectual engagement refers to employees' cognitive investment in their work tasks, including their thinking, creativity, and problem-solving skills. Social engagement is related to the quality of employee relationships and the degree of support provided by colleagues, supervisors, and the organization.
Issues when measuring work engagement:
1. Limited understanding of engagement: Many employees are unsure about what engagement entails. Thus, they may not be aware of how to report their engagement accurately, which could lead to inconsistencies in responses.
2. Employee biases: Employees' attitudes toward their work and organization can bias their responses to engagement surveys. Some employees may provide excessively positive responses, while others may answer negatively because of biases like cognitive dissonance, social desirability, or negativity bias.
3. The complexity of engagement: Employee engagement is not a straightforward construct to measure because it is complex and multifaceted. It is not possible to measure employee engagement in isolation, as it interacts with other variables like job satisfaction, motivation, and organizational culture.
4. Inadequate engagement surveys: Many organizations use generic engagement surveys that are not tailored to their industry, business goals, or employees' unique experiences. Using a standardized survey may not capture the nuances of engagement, and the results may not provide actionable insights.
5. Overreliance on surveys: Organizations may rely too heavily on engagement surveys as the main answer to understand employee engagement. Surveys may not be enough, and other methods like focus groups, interviews, and observation may provide more in-depth and detailed answers.
In conclusion, measuring work engagement is crucial for companies, but it can be challenging due to several factors like employees' biases, survey inadequacies, and engagement complexity. Companies should use multiple methods to measure engagement and tailor their surveys to their business goals and industry. Moreover, companies should aim to understand the nuances of engagement by using more in-depth methods like focus groups and interviews.
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The importance of flower farming is increasing day by day in nepal. Justify this statement. please write long ans
Answers
Answer:
Prior to 1990, there were a number of nurseries within the valley as well as a few outside that cultivated flowers, but the trend then was more towards producing potted plants, seeds, bulbs and suchlike. There was no large market for cut flowers of the variety available now, in part because there was very little demand due to a lack of market exposure to cut flowers. People in Kathmandu just did not use them on a regular basis. According to nursery owners, there was at that time only a small demand amongst the expatriate community and amongst the Indian community. On November 15 1992 however, the Floriculture Association of Nepal or FAN was formed, and this marked the beginning of the floriculture industry in Nepal.
FAN was formed by 11 nursery owners with the objective of promoting and enhancing the floriculture industry and the emergence of flowers in the Katmandu market can in fact be attributed to the training in flower arrangement that FAN conducted in 1993. Following this training, they initiated the opening of a wholesale market and the support FAN gave to the organization 'Women in Floriculture' project enabled several entrepreneurs to set up flower retail outlets. This supply driven demand resulted in flowers being made available in the market and the market responded by taking up this supply. Business has since improved as demonstrated by the change in demand from around 100 rose stems a day in 1992 to 3000 stems in 2003 and from 100 gladiolus stems in 1992 to 6000 in 2003. Figures from FAN put the total sale of cut flowers at 10 million in 1992, which went up to 70.2 million in 2003.
The domestic market for cut flowers is in fact increasing according to Suresh Bhakta Shrestha of Standard Nursery in Bansbari. He says that in 1993 150 thousand Nepali Rupees was the total turnover for all the shops that sold flowers in Kathmandu. This figure is now around 80 to a 100 thousand Rupees per month per shop! Latest figures also suggest that there are there are currently around 300 nurseries and 40 retail shops within the Kathmandu valley. This information suggests that floriculture has grown very rapidly and that the flower culture here continues to grow.
Explanation:
-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. Given the information in this decision tree, if QRS-TV announces that it will air a reality show, it can expect to:
Answers
Answer:
i am not sure
Explanation:
In order to implement contractionary policy, the government and central bank must _____ goverment spending _______ taxes, and _____ interst rates.
Answers
Answer:
increase, decrease, decrease
Explanation:
Your firm is considering purchasing an old office building with an estimated remaining service life of 25 years. Recently, the tenants signed a long-term lease, which leads you to believe that the current rental income of $280,000 per year will remain constant for the first five years. Then the rental income will increase by 20% for every five-year interval over the remaining life of the asset. That is, the annual rental income would be $336,000 for years 6 through 10,$403,200 for years 11 through 15,$483,840 for years 16 through 20 , and $580,608 for years 21 through 25 . You estimate that operating expenses, including income taxes, will be $78,000 for the first year and that they will increase by $4,000 each year thereafter. You also estimate that razing the building and selling the lot on which it stands will realize a net amount would be the maximum amount you would be willing to pay for the building and lot at the present time? Click the icon to view the interest factors for discrete compounding when i=13% per year. The maximum amount you would be willing to pay is $ million. (R) ynd to three decimal places.)
Answers
Considering the purchase of an old office building, the estimated remaining service life of which is 25 years. Recently, tenants have signed a long-term lease, leading to the conclusion that the present rental income of $280,000 per year will stay constant during the first five years.
Then, for each five-year span over the remaining life of the asset, the rental income will rise by 20%. In other words, the yearly rental income will be $336,000 for years 6 through 10, $403,200 for years 11 through 15, $483,840 for years 16 through 20, and $580,608 for years 21 through 25. For the first year, the operating expenses, including income taxes, are predicted to be $78,000, increasing by $4,000 each year thereafter. The value of an asset is determined by the net present value of its future cash flows. As a result, determining the value of the office building requires the use of net present value analysis. Using an Excel spreadsheet, a template, or a financial calculator, you may use the net present value method to determine the maximum amount you should pay for the asset in order to earn a 13 percent return on your investment. The maximum amount you would be willing to pay for the building and lot at the present time is $2.41 million. As a result, you should not spend more than $2.41 million to buy the asset since doing so would result in a return on investment of less than 13 percent.
In order to determine the maximum amount you would be willing to pay for an office building with a remaining service life of 25 years, you should use the net present value method. You should not pay more than $2.41 million for the asset because doing so would result in a return on investment of less than 13 percent.
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According to the video, what are a Computer Programmer's real skills? Check all that apply.
✅breaking down a job into small steps
❌researching what customers want
✅anticipating problems
❌selling software products
❌coordinating a group of workers
Answers
Answer:
1 3 thx for the answer!
Explanation:
Answer:
THANK YOU SO MUCH
Explanation:
4) When do credit cards charge interest? Do you pay interest on everything you buy
on a credit card?
Answers
Answer:
If you dont pay your balance , Yes you have to pay interest on everything you buy on your card because that is money from the bank so you have to pay your balance for them to get there money back.
Explanation:
The average life expectancy of which type of economy is generally very high?
A.
economies with a high HDI and GDP
B.
economies with a low HDI and GDP
C.
economies with a high GDP
D.
economies with a low GDP
E.
economies with a high PPP only
Answers
Answer:
c
Explanation:
im not 100% sure but i think c is the one
on january 16, tree co. paid $60,000 in property taxes on its factory for the current calendar year. on april 2, tree paid $240,000 for unanticipated major repairs to its factory equipment. the repairs will benefit operations for the remainder of the calendar year. what amount of these expenses should tree include in its third quarter interim financial statements for the three months ended september
Answers
A. $95,000
Industrial goods are used for the production of consumer goods which are products sold and consumed by people. Consumer goods are ready for the consumption and satisfaction of human wants, such as clothing or food.
60,000 will be property taxes for an entire yearwe just need to calculate expense from July to September thus:
60,000 x 3 months / 12 months = 15,000
The repairs are also distributed among the periods to not put the entire weight in a month or quarter:
240,000 x 3 / 9 months outstanding = 80,000
total amount of expenses for the period July - September:
15,000 property tax expense+ 80,000 repair expense= 95,000
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Using the formula PV = FV / (1+i)n , What is the PVof receiving $500 three years from now if your discount rate is 8%annually?
Answers
The present value (PV) of receiving $500 three years from now with an 8% annual discount rate is $396.89.
We are required to calculate the present value (PV) of receiving $500 three years from now with an 8% annual discount rate, using the given formula:
PV = FV / (1+i)^n
In order to calculate present value, follow these steps:
1. Identify the values for each variable:
FV (Future Value) = $500
i (interest rate) = 8% = 0.08 (convert the percentage to decimal)
n (number of years) = 3
2. Plug the values into the formula:
PV = $500 / (1 + 0.08)^3
3. Calculate the value inside the parentheses:
(1 + 0.08) = 1.08
4. Raise 1.08 to the power of 3:
1.08^3 = 1.259712
5. Divide the future value by the result in step 4:
PV = $500 / 1.259712
6. Calculate the present value:
PV = $396.89 (rounded to two decimal places)
Therefore, the present value (PV) is $396.89.
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What function does the Securities and Exchange Commission perform?
Answers
The Securities and Exchange Commission (SEC) is an independent regulatory agency in the United States that performs several functions related to the oversight and regulation of the securities industry.
Here are some key functions of the SEC:
1. Protecting investors: The SEC works to protect investors by ensuring that they have access to accurate and reliable information about securities being offered for sale. The SEC requires companies to disclose relevant financial and other information to the public, which helps investors make informed decisions.
2. Maintaining fair and efficient markets: The SEC's role is to foster fair and efficient markets by enforcing regulations that promote transparency, integrity, and equal opportunity for investors. It works to prevent fraudulent and manipulative practices in the securities markets, including insider trading and market manipulation.
3. Facilitating capital formation: The SEC plays a role in facilitating capital formation by regulating the securities offerings made by companies to the public. It reviews and approves registration statements, such as those filed for initial public offerings (IPOs), to ensure compliance with disclosure requirements and investor protection standards.
4. Enforcing securities laws: The SEC has the authority to enforce federal securities laws and regulations. It investigates potential violations of securities laws, such as fraud or misconduct, and takes legal action when necessary to enforce compliance and protect investors.
Overall, the SEC's primary function is to protect investors, maintain fair and efficient markets, facilitate capital formation, enforce securities laws, and regulate securities professionals and entities. By performing these functions, the SEC helps promote confidence in the integrity and stability of the U.S. securities markets.
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during the introduction stage sales are ______ and profit is ______.
Answers
Product Life cycle Management has several stages. The stages determined the growth and low downs of product. During the introduction stage, sales are growing slow(low) and profit is minimal.
Market Introduction stage is often called the introduction stage that has a low growth rate of sales as the product is said to be recently brought into limelight and consumers may not know much about it.Most times, firms do experience losses rather than profits during this stage. and so when product is new on the market and small or no profit is made due to high costs and low sales.
Conclusively, the stage gives a lot of opportunities such as low competition in the market.
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Exclusive control over a service or product on the market is called: ________
Answers
Exclusive control over a service or product on the market is called a monopoly.
A monopoly exists when a single firm or entity is the only supplier of a particular good or service in the market, giving it exclusive control over the production and distribution of that good or service. In a monopoly, the monopolist can set the price of the good or service at a level that maximizes their profits, as there are no other competitors to drive down prices. However, monopolies are often subject to government regulation to prevent abuse of their market power, such as charging excessively high prices or engaging in anti-competitive behavior.
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Lisi Crichton operates a variety store. Her brother does custom welding and made some racks to hold videos. Lisi gave her brother $5,000 cash and did not get a bill. A similar rack was on display at a department store for $1,000. You are told to book an expense on the company financial statement for $5000. What will you book the amount for?
Answers
Answer:
$1,000
Explanation:
Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.
In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.
Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.
The physical elements of a computer system are called the hardware
Answers
the emergence of ride sharing apps like lyft and uber have created gains from trade by
Answers
The emergence of ride sharing apps like Lyft and Uber have created gains from trade by introducing new sellers into the market for taxi services and decreasing the price of rides.
Gains from trade can be described as the increase in consumer surplus and producer surplus as a result of lower tariffs when consumers and producers are allowed to trade with less restrictions. Gains from trade occurs as a result of lower trade prices.
Ride sharing apps are apps that allow people to order for rides from their phones using an app. Examples are uber and lyft.
Ride sharing apps has increased the amount of ride options available to users. This has lead to lower prices as ride sharing apps have lowered prices to attract customers.
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Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.
Answers
Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.
Explanation:
Which of the following is NOT necessary in a catering contract?
O insurance clause
O cancellation clause
O refunds and all fees
staffing and costs of staff
Answers
A Catering Contract is a service agreement between a caterer and a customer that outlines the terms of a catering service occurring over a certain time period for one or more occasions.
What should be included in a catering contract?A Catering Contract is a service agreement between a caterer and a customer that outlines the terms of a catering service occurring over a certain time period for one or more occasions. The catering contract should include normal contract terms and conditions, in addition to the menu and service-related topics, such as:
Contract fundamentalsLast day for any modificationsInsuranceRequirements for health and safetyPolicy on CancellationTo learn more about contracts, click
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government-sponsored jobs for low-income, unemployed individuals excels over eitc and negative income tax because ______.
Answers
Government-sponsored jobs for low-income, unemployed individuals excels over EITC and negative income tax because they create an opportunity for the unemployed to work and earn money, which leads to increased income and better living standards.
The government has established various programs to create jobs for low-income individuals, and these programs have proven to be more successful than other social welfare programs like the Earned Income Tax Credit (EITC) and Negative Income Tax (NIT).The government-sponsored jobs for low-income, unemployed individuals have several advantages over EITC and NIT. Some of them Stable Income: Government-sponsored jobs provide a stable income to low-income, unemployed individuals, which is not the case with EITC and NIT. These social welfare programs only offer financial assistance, which may not be enough to support a family.Better Living Standards: Government-sponsored jobs offer better living standards for low-income individuals by providing a stable income and employment opportunities. This means that they can access better healthcare, housing, and education, leading to an improvement in their quality of life.
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If you invested $250 at 16% how much will have after 4.5 years
Answers
Answer:
$180
Explanation:
$250 * 0.16 * 4.5 = $180
Answer:
it depends on how often it's compounded
yearly:
The final balance is $487.53.
The total compound interest is $237.53.
semi-annually:
The final balance is $499.75.
The total compound interest is $249.75.
quarterly:
The final balance is $506.45.
The total compound interest is $256.45.
bi-monthly:
The final balance is $508.79.
The total compound interest is $258.79.
monthly:
The final balance is $511.17.
The total compound interest is $261.17
bi-weekly:
The final balance is $512.48.
The total compound interest is $262.48.
weekly:
The final balance is $513.04.
The total compound interest is $263.04.
daily:
The final balance is $513.53.
The total compound interest is $263.53.
continuous:
The final balance is $513.61.
The total compound interest is $263.61.
Explanation:
hope this helps:)
mark, an hr manager at pyramid inc., is responsible for the hr planning process in his organization. he has reviewed the organization's strategic plans. which of the following is most likely to be mark's next step in the planning process?
Answers
Mark's next step in the HR planning process at Pyramid Inc. is most likely to be a workforce analysis. This involves assessing the current workforce's skills, abilities, and future needs to align with the organization's strategic plans.
Workforce analysis involves reviewing the current workforce's skills, knowledge, and abilities, identifying gaps between the current workforce and future needs, and developing strategies to address these gaps.
During the workforce analysis, Mark would typically review data on the organization's current employees, such as job titles, skills, performance, and career aspirations, as well as data on the external labor market, such as demographic trends, competition for talent, and changes in industry or regulatory requirements.
Based on this analysis, Mark can identify areas where the organization may have an excess or shortage of talent and develop strategies to address these gaps, such as recruitment, training, retention, or succession planning.
Therefore, the most likely next step in the HR planning process for Mark would be to conduct a workforce analysis to identify current and future talent needs and develop strategies to meet those needs.
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