Lower middle-income economies are those that had a GNI per capita between $1,086 and $4,255; upper middle-income economies are those that had a GNI per capita between $4,256 and $13,205; and high-income economies are those that had a GNI per capita of $13,205 or more.
What is Gross National Income?
The definition of gross national income (GNI) is gross domestic product + net foreign receipts from employee remuneration, property income, and net taxes less production subsidies. Employee salaries that are payable from abroad are those that are earned by locals who essentially reside within the economic territory but work abroad (this frequently occurs in border regions) or by people who temporarily live and work abroad (seasonal workers), but whose primary economic interest is still in their home country. Interest, dividends, and all (or a portion of) the retained earnings of foreign companies that are wholly (or partially) owned by resident companies are all included in property income that is due from or payable to foreign parties (and vice versa).
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If the marginal product decreases, what will happen to the total product and average product?
Answer: As the marginal product begins to fall but remains positive, total product continues to increase but at a decreasing rate.
Vanessa grant is responsible for controlling expenses, but is not responsible for generating revenues. vanessa grant is a manager of a(n)?
Vanessa Grant is responsible for controlling expenses, but is not responsible for generating revenues. Vanessa Grant is a manager of a(n):
Cost Center
What do you mean cost center?
A cost center is basically a department or function under an organization that do not directly increases profit but still costs the organization money to operate. Cost centers only provide to a company's profitability indirectly, unlike a profit center, which gives to profitability directly through its actions.
What is an example of a cost center?
Instances of cost centers contains the accounting, human resources, IT, maintenance, and research & development departments. A cost center can be assumed at a smaller level than a department. It could contain a particular job position, machine, or assembly line.
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The price that results when quantity demanded equals quantity supplied is most correctly called the:_________
The price that results when quantity demanded equals quantity supplied is more correctly called the equilibrium price.
What determines the equilibrium price?The situation where supply and demand in the market are equal, indicates a situation of equilibrium between prices, that is, it is a situation determined by micro and macroeconomic factors, such as economic policy and the purchasing power of consumers, which establish a ideal condition of the economy.
Therefore, the equilibrium price is an indicator of security, making the market for goods and services balanced and controlled, where revenues are equal to costs, without an imbalance capable of generating price increases and economic scarcity, for example.
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A company has a predetermined overhead rate of $14 per machine hour. job 846 uses 27.5 machine hours. overhead allocated to job 846 will be:_____ $
An organization's overhead charge is set at $14 for each machine hour. job are 846 and uses 27.5 machine hours. Overhead allocated to job 846 will be: 385$.
What Is the Overhead Rate?A cost associated with the creation of a good or service is the overhead rate. The cost of the corporate headquarters is an example of an overhead expense that is not directly tied to output. In order to distribute or allocate the overhead costs depending on particular metrics, an overhead rate is applied to the direct production-related costs. Allocation factor plus indirect expenses equals overhead rate. The overhead rate is determined based on a specified time frame. Therefore, adding up your weekly indirect or overhead costs would allow you to calculate the indirect costs for a week.
The overhead rate for per machine = $14
No. of hours = 27.5 hours
$14×27.5= $385
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A firm has a return on equity of 21 percent. the total asset turnover is 2.0 and the profit margin is 9 percent. the total equity is $7,400. what is the amount of the net income?
The amount of the net income is $1554.
What is Net Income?
Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period. The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
The performance of various businesses in a given industry is analyzed and compared using a variety of financial measurements. Efficiency ratios, liquidity ratios, profitability ratios, and solvency ratios are the typical categories for these ratios.
The net income is given by:
=Return on Equity* Total equity
= 21%* $7,400
=$1554.
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________ products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort.
Consumers most frequently purchase convenience goods. They are purchased right away with little consideration of alternative possibilities. Products that the client may easily, quickly, and regularly purchase are known as convenience goods. Newspapers and soaps are examples of convenience goods, as are everyday foods like pasta or ketchup.
Consumer products can be divided into four categories. They are shopping items, specialty items, convenience items, and unanticipated items.
A group of consumer goods that are frequently, rapidly, and with little thought put into them; this group includes emergency supplies, impulsive purchases, and staples.
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The most probable price that a property should bring in an open and competitive market is part of the:____.
The most probable price that a property should bring in an open and competitive market is part of the market value.
What is a Competitive Market?Consumer demands for goods and services result in the formation of a competitive market. Because of the rivalry it fosters, businesses are forced to consider their costs of production, pricing policies, and product output.
In competitive marketplaces and in the idea of perfect competition, the buyer and seller are taken into account equally and strategies are developed based on the supply and demand dynamics at the time.No single consumer or producer has the power to control the market in a competitive one.
In an ideal market, there are numerous knowledgeable buyers and sellers, no restrictions on entering the market, and no chance of a monopoly. A competitive market has ten characteristics, including profit, competition, shrinking supply, rivalry, and exclusion.
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Identify examples of consumer protections implemented by the federal government.
The following are some examples of consumer protection laws:
Fair Credit Reporting Act,
Federal Securities Act,
Dodd-Frank Act
Which Laws Protect Consumers?
To shield people from unethical commercial practices, there are regulations that protect consumers.
Consumer protection laws are designed to shield customers against dishonest corporate tactics, subpar goods, and potentially harmful products and services. They contribute significantly to a stable market economy, which is governed by both state and federal legislation. Although the free market's guiding principle used to be "buyer beware," these laws help keep vendors honest because there is no risk of unpleasant shocks.
Our protection from these kinds of problems is provided by consumer protection legislation. We should therefore become familiar with the more prevalent consumer protection regulations.
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When redesigning a database, how can we check assumptions about functional dependencies?
Use a correlated subquery with the SQL IN keyword for the first approach, and use a correlated subquery structure with the SQL EXISTS and/or NOT EXISTS keywords for the second approach.
What do you mean by Structured Query Language (SQL)?
Relational databases are managed and the data they contain can be subjected to a variety of procedures using SQL, a standardized programming language. SQL is frequently used by database administrators, programmers writing scripts for data integration, and data analysts setting up and running analytical queries. SQL was originally developed in the 1970s.
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Accounting rules in the united states are blank______ accounting rules used in other countries.
Accounting rules in the United States are similar to accounting rules used in other countries.
Accounting is defined as the recording, cataloging, analysis and reporting of the company's financial transactions. Proper accounting allows a company's management to better understand its business finances. This is done so that they can strategically plan future expenses to maximize profits.
Accounting also has a history. In the modern world, it is most closely related to business financial reporting. However, everyone can benefit from a knowledge of the basics of accounting.
General accounting knowledge can be important for individual income earners during tax season.
Accounting knowledge helps:
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The all-current-rate method dictated by the fasb no. 52 statement requires the translation of all balance sheet accounts at the ________ rate and all income statement items at the ________ rates.
The all-current-rate method dictated by the fasb no. 52 statement requires the translation of all balance sheet accounts at the closing rate and all income statement items at the average rates.
What is meant by current rate method?The majority of financial statement items are translated using the current exchange rate under the current rate method of foreign currency conversion.
When a company has operations abroad, it could be necessary to convert the foreign currency that is earned by such operations into the presentation currency, which is the currency that is used to prepare the firm's financial statements. The current rate technique is applied in circumstances where the subsidiary isn't well connected with the parent firm, and the local currency where the subsidiary works is the same as its functional currency.
The current rate technique is a widely used method of currency conversion that makes use of the current exchange rate on the market.
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The common set of standards and procedures by which audited financial statements are prepared are called:_________
The common set of standards and procedures by which audited financial statements are prepared are called GAAP
The Financial Accounting Standards Board (FASB), an independent non-profit organization, creates the standards. Accounting standards increase financial reporting's openness across the board. The commonly used set of accounting standards for creating financial statements in the US is known as generally accepted accounting principles (GAAP).
The International Accounting Standards Board (IASB) has established the International Financial Reporting Standards (IFRS), which are used by international businesses that report financial accounts and are not subject to U.S. GAAP. In the United States, both public and private institutions frequently apply widely accepted accounting standards.
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A market is an arrangement that brings _____ together and enables them to get information and do business with each other.
A market is an arrangement that brings central banks and commercial banks together and enables them to get information and do business with each other.
What is market?
A market is a gathering place for consumers and sellers where they can exchange goods and services. Markets might be real-world, like a physical store, or digital, like an online merchant. The black market, the auction market, and the financial market are more examples.
Therefore,
A market is an arrangement that brings central banks and commercial banks together and enables them to get information and do business with each other.
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True or false: the sarbanes-oxley act provides incentives for companies to go public in us markets.
This is FALSE statement. The Sarbanes-Oxley Act of 2002 is a United States statute. Congress passed this legislation to help safeguard investors from corporate fraud in financial reporting. None of this incentivizes companies to go public in markets of United States.
This "SOX Act" required rigorous modifications to current securities regulations and imposed harsh new penalties on violators thus, companies who knowingly certify misleading financial statements can now potentially face prison time.
Corporations must affirm the financial statement's veracity and accept responsibility for any inaccuracies in the annual report and these rules do not provide incentives for companies to go to public in US markets.
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If the supply of and demand for a product decrease at the same time, then equilibrium:___.
At the same time, the equillibrium tends to increase.
Curves of supply and demand illustrate the connections between price and quantity. When supply and demand are in balance, there is equilibrium. Because revenues are a function of price and quantity, the form of these curves and the equilibrium price have an impact on both small and large firms. The supply and demand curves for various industries are influenced by the joint actions of firms and customers, even if a single business cannot change the shape of these curves.
Include shifts in consumer expectations and new technologies when predicting a supply curve shift. The converse is true for downward movements in the supply and demand curves, which show growing supply and decreasing demand, respectively.
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A firm with a profit margin of 6.8 percent generates ______ cents in net income for every one dollar in sales.
A firm with a profit margin of 6.8 percent generates 6.8 cents in net income for every one dollar in sales.
What is profit?Profit is referred to as financial gain achieved by any individual or an organization. This profit can be calculated by deducting the spending or expenses of the busines from its earnings gained.
When firms achieve profit margins of 6.8 percent they will generate 6.8 percent in net income for every dollar in sales.Net income, also referred to as net profit, is calculated as a percentage by dividing the total revenue by net profit.
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The patient has met the goals set for improvement of ambulatory status. the nurse would now?
The patient has met the goals set for improvement of ambulatory status. The nurse would now discontinue the care plan.
What do you understand by the term ambulatory patients?The phrase "ambulatory patients" can also refer to outpatients who receive their medical care outside of a hospital environment. It's another word for outpatients. They visit the care facility periodically rather than staying overnight. The patients in this situation may or may not be able to walk and may require a wheelchair. Ambulatory simply refers to a patient who is not hospitalised. Patients who can ambulate independently with the aid of assistive equipment are considered ambulatory patients, as are those who are not dependent on others for help in getting to safety in an emergency.
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Companies with a great deal of long-term debt are considered to have high _____ risk.
Generally speaking, stocks are riskier than bonds simply because they don't guarantee a return to the investor, in contrast to bonds, which do so through coupon payments.
Who is an investor?An investor is a person who invests money in a company, such as a business, in the hopes of earning a profit. Any investor's primary objective is to reduce risk and increase return. In contrast, a speculator is prepared to put money into a risky asset in the hopes of making a bigger profit.
You are not an owner; you are a lending investor. You have invested in ownership if you purchase stock in a corporation. Your proportionate part of the company's profits will be deducted from the return you receive.
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Who is credited for the identification of operant conditioning?
B.F. Skinner is credited for the identification of operant conditioning.
What is operant conditioning?Operant conditioning, can be described as the instrumental conditioning, which is a method of learning that utilize the knowledge of rewards as well as punishments for behavior.
It should be noted that in operant conditioning, an association is made that is usually seen between behavior and a consequence for that behavior.
In the case of above , B.F. Skinner can be described as one of the most prominent psychologists of the last century that was attributed the discovery of operant conditioning to , hence B.F. Skinner is credited for the identification of operant conditioning.
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In a competitive market, the market demand is qd = 400 - 5p and the market supply is qs = 10p - 80. the full economic price under a price ceiling of $25 is:_________
In a competitive market, the full economic price under a price ceiling of $25 is $170.
Given,
QS = Quantity supplied
QD = Quantity demanded
P = Price
At P = $25
Thus,
QD = 400 - 5P
QD = 400 - 5(25)
QD = 400 - 125
QD = $275
The market supply is QS = 10p - 80
QS = 10 (25) - 80
QS = 250 - 80
QS = $170
Hence, in a competitive market, the full economic price under a price ceiling of $25 is $170.
A price ceiling keeps a price from rising above a certain level. Price ceilings is used by government to protect consumers from conditions that could make commodities prohibitively expensive.
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When marketers shift their focus from single transactions to creating ongoing relationships through high-engagement, experiential, customer journeys it is an example of a ______.
When marketers shift their focus from single transactions to creating ongoing relationships through high-engagement, experiential, customer journeys it is an example of a competitive force.
What are competitive force?Competitive forces can be described as the factors as well as variables that can serves a treat to the company's profitability as well as preventing its growth.
In this case , it should be noted that When marketers shift their focus from single transactions to creating ongoing relationships through high-engagement, experiential, customer journeys it is an example of a competitive force.
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Ginger is a representative for osha (occupational safety and health administration), and she makes surprise visits to the local paper manufacturing mill. Ginger inspects the worker's safety practices and runs through a checklist to determine if all standards are being met in the mill. What pathway in the manufacturing career cluster does ginger work in? question 11 options: production logistics and inventory control maintenance, installation
Ginger works in the control department.
As an OSHA representative, Ginger is in charge of making sure that nearby paper mills adhere to the numerous regulations and uphold standards of work. Since she is not involved in actual production but rather "controls" the standards of work at production facilities, this area of the manufacturing profession cluster is known as "controlling".
Controlling is the procedure of making sure that tasks are completed on time. In a business, tasks are completed in accordance with planned standards. It is one of a manager's most important responsibilities. Additionally, it ensures that the organisation is using its resources effectively and efficiently in order to meet set goals.
Since Ginger's job entails checking if standards are met and guidelines followed, she is in charge of 'controlling'.
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Critical time is the amount of time that the task could be late without pushing back the completion date of the entire project. True or false?.
False (Slack time is the amount of time that a job might be delayed without postponing the project's overall completion deadline.)
What is slack time?The duration of a job that can be postponed without affecting other tasks or the project's completion deadline is known as slack time. Every time the flow is out of equilibrium, it occurs. A team is said to be in balance when everyone on the team finishes their work for the Sprint before someone else. Less commonly, a team member won't have enough work to keep them busy. A key team member being sick, an unexpected client request taking some team members away, a non-standard feature requiring longer research or testing than anticipated, or duties finishing sooner than anticipated (a fantastic problem to have!) are a few of the contributing causes.
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Alistar has an annual income of $25,000. he decides to take classes on line and at night so that he can continue to work. after 3 years he gets his degree and immediately starts earning $32,000 per year. if it takes alistar 6 years to recover his investment for his education, how much did it cost him?
If it takes Alistar 6 years to recover his investment for his education, then it cost him $42,000.
What do we mean by investments?The dedication of an asset to achieve an increase in value over time is referred to as an investment. Investment necessitates the sacrifice of a current asset, such as time, money, or effort.The goal of investing in finance is to generate a return on the invested asset. A gain (profit) or loss realized from the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income, may constitute the return.To find the cost:
Alistar's 6-year investment strategy is divided into two phases:
Period 1: From the first to the third year.Period 2: From fourth to sixth years.Alistar invests in his education during the first period, from year one to year three.
In the second period, from year 4 to 6, the amount he begins earning is $32000, and his annual income is $25000.
Every year, Alistar receives an additional $7000.Now, the time required to recoup his investments is 6 years.As a result, total cost = 7000 × 6 = $42000Therefore, if it takes Alistar 6 years to recover his investment for his education, then it cost him $42,000.
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What is the present value of the following set of cash flows discounted at 10 per year?
The present value of the following set of cash flows discounted at 10 per year $104.18
What are the 3 kinds of cash flows?
There are three cash flow types that organizations should track and analyze to resolve the liquidity and solvency of the business: cash flow from operating movements, cash flow from investing activities, and cash flow from financing activities. All three are included on a company's cash flow statement.
What are cash flows illustrations?
Cash and cash matches include currency, petty cash, bank accounts, and other highly liquid, short-term assets. Examples of cash matches include saleable paper, Treasury bills, and short-term state bonds with adulthood of three months or less.
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Changes in the performance of an existing service or the creation of a new one are?
Organizational change is the process through which a firm or business changes a key aspect of its structure, such as its culture, the operational infrastructure or supporting technologies, or its internal procedures.
The second phase in the comprehensive approach to change is for managers to create goals for the change that was identified in step one.
The planned change model has seven steps, including diagnosing the issue, evaluating the system's motivation and capacity for change, evaluating the resources and motivation of the change agent, developing change goals and methods, and identifying the role of the change agent.
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suppose that in a wave of pessimism, housing prices fall by 10% across the entire economy. required: a. has the stock of real assets of the economy changed? multiple choice 1 yes no b. are individuals less wealthy? multiple choice 2 yes no
Suppose that in a wave of pessimism, housing prices fall by 10% across the entire economy.
For A
NO, the stock of real assets of the economy has not changed
Option B
YES, individuals are less wealthy
This is further explained below.
What is pessimism?Generally, A negative mental attitude known as pessimism is one in which an unfavorable result is predicted to result from a certain circumstance. Pessimists have a propensity to dwell on the unfavorable aspects of life in general.
In conclusion, Imagine that as a result of widespread pessimism, there is a 10% drop in house values throughout the whole economy.
If the answer is "No," then the stock of the economy's real assets has not changed.
Alternative
The answer is yes, people have less money.
This will be discussed in further detail below.
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complete question
Suppose that in a wave of pessimism, housing prices fall by 10% across the entire economy.
a. Has the stock of real assets of the economy changed?
Yes
No
b. Are individuals less wealthy?
Yes
No
When two countries specialize in producing the goods for which they have a comparative advantage and?
It can be mutually advantageous for two nations to specialize in goods for which they have a relative advantage and then trade with one another. Absolute advantage is the basis of the potential gains from specialization and trade.
What does it mean for a producer to have comparative benefit?
Comparative advantage is a requirement of a producer where it is better suited for the production of one good than another good. Good A can be made more efficiently than good B, for example. This comparison is done in terms of the option costs of each good, not in terms of pure production costs.
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Which matter is considered when calculating a country's balance of payments?
a. military expenditures
b. domestic inflation rates
c. foreign inflation rates
d. state unemployment
The matter that will considered when calculating a country's balance of payments is the military expenditures.
What is a balance of payments?This refers to the balance of international payments. This is athe statement of all transactions made between entities in one country and the rest of the world over a defined period such as during a month, quarter, year etc.
The balance of payments summarizes all transactions that a country's individuals, companies, government bodies complete with individuals, companies, and government bodies outside the country.
These balance of payments helps to measures the inflows and outflows of money from sectors such as tourism, foreign aid, military expenditures and foreign investments as well as flows resulting from exports and imports.
Hence, the matter that will considered when calculating a country's balance of payments is the military expenditures.
Therefore, the Option A is correct.
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The hr manager at a poultry-processing facility with 75 employees received a call saying that an osha inspector had arrived at the facility. what can she expect the company will need to do first?
Expect the company will need to do first, provide the inspector with records of any deaths, injuries, and illnesses
Human resources manager
The strategic approach to managing people in a company or organisation effectively and efficiently so that they contribute to their firm's ability to compete favourably is known as Human resources manager (HRM or HR). It is made to maximise worker performance in support of a company's strategic goals. In order to effectively manage people inside firms, human resource manager focuses on policies and systems. The design of employee benefits, hiring, training, development, performance reviews, and reward management, including pay and benefit administration, fall within the purview of HR departments. HR is also concerned with organisational change, labour relations, and reconciling organisational requirements with those imposed by collective bargaining agreements and governmental regulations.
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