in competitive markets where demand curves reflect buyers' full willingness to pay and supply curves reflect all the costs facing sellers, what is maximized when output equals the equilibrium quantity?

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Answer 1

The maximized output equals the equilibrium quantity is the sum of consumer and producer surplus.

A competitive market is a structure in which no single consumer or producer has the power to influence the market. Its response to demand and supply fluctuates with the supply curve, which represents the volume of the product.

A competitive market is an economic term that refers to a market in which there are a large number of buyers and sellers and no single buyer or seller can influence the market. The competitive market has no barriers to entry, many buyers and sellers, and homogeneous products. According to general equilibrium theory, perfect markets, also called atomistic markets, are defined by several idealized conditions collectively called perfect or atomistic competition.

A competitive market is a structure in which no single consumer or producer has the power to influence the market. Its response to demand and supply fluctuates with the supply curve, which represents the volume of the product.

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Related Questions

this methodology is used for giving insight into the real consumer decision making process, how to improve customer service interactions, as well as retail design/layouts.

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The methodology to improve customer service interactions, as well as retail design/layouts are through marketing, sales and customer service, where customers will have different goals and expectations from the brand.

Why is Customer service interactions important?The data to improve the customer satisfactions are given by the interactions. To churn targeted customers into your brand, one must look at the customer service data.By uncovering the gaps in services and communication, the business can attract customers and to achieve this data review of customer interactions is important.The customer experience or CX can be adjusted by looking at the average customer interactions.More pleasant the interactions, more loyal the customers are to the business

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to gain access to one another's markets, several u.s. and japanese automobile manufacturers (for example, honda and general motors) are engaging in temporary alliances to manufacture and market certain models of cars. such types of partnerships are best described as .

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Joint ventures are the appropriate term to characterize these kinds of relationships.

Are exit strategies required for joint ventures?

A joint venture's duration is determined by the project's end date because it is created to meet a certain project's objectives. An exit strategy is crucial because it lays out a clear path for dissolving the joint venture, avoiding protracted negotiations, pricey legal fights, unfair business practices, adverse effects on customers, and any potential financial loss.

The three most common joint venture exit strategies are employee ownership, a spinoff of operations, or the sale of the new business. Each departure plan has the potential for conflict and offers varied benefits to joint venture participants.

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Intelligence incorporated produces 100 computer chips and sells them for $200 each to bell computers. Using the chips and other labor and materials, bell produces 100 personal computers. Bell sells the computers, bundled with software that bell licenses from macrosoft at $50 per computer, to pc charlie’s for $800 each. Pc charlie’s sells the computers to the public for $1,000 each. Calculate the total contribution to gdp using the value-added method.

Answers

The value added for each agent in the economy is as follows

Intelligence incorporated: 100 x 200 = 20,000

Bell: 800*100 - 20,000 - 50 x 100 = 55,000

PC Charlie's: 1000 x 100 - 800 x 100 = 20,000

GDP = 20,000 + 55,000 + 20,000 = $95,000

What is the value-added method?

In business, the total value added is calculated by adding the unit value contributed for each sold unit of a good. The total value added is therefore equal to revenue less intermediate consumption.

Employee remuneration, which represents a return on labor, and earnings before taxes, which represents a return on capital, very closely match the total value produced.

For integrated organizations, value-added represents a higher percentage of sales; for less integrated companies, value-added represents a lower percentage of revenue.

The term "value-added" in economics, and more specifically macroeconomics, refers to the improvement in the product's value and the income of the persons who own the production-related variables.

Consequently, both labor and capital contribute to the value added by the nation.

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When an employee’s interests are likely to interfere with the employee’s ability to exercise proper judgment on behalf of the organization, what exists?.

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When an employee’s interests are likely to interfere with the employee’s ability to exercise proper judgment on behalf of the organization, conflict of interest exists.

What is conflict of interest?

Conflict of interest is a common problem in the workplace. Most of us have heard someone say, “Who you know, not what you know.” We've heard co-workers complain that the manager's relative always gets the highest salary or the best assignment. We may have seen colleagues accept gifts from potential vendors. Maybe a co-worker leaves work 20 minutes early every day so she can get to her second job. A supervisor may give a co-worker time off work to do volunteer work, or may allow employees to solicit donations and funds in the workplace, whether for Girl Scouts or a local school function. Although these situations are very different, they all fall under the category of "conflict of interest".

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turner company purchased equipment for $2,500 in cash. this transaction would increase the account: multiple choice question. equipment cash purchases equipment expense

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Turner company purchased equipment for $2,500 in cash  this transaction would increase the account: equipment cash

What is the T account?

A T-account is a vernacular word for a collection of bank documents that employ double-entry bookkeeping. A T-account is so named because the bookkeeping entries are organised in the shape of a T. Just above the T is the account title.

Cash inflows, bank adjustments, requests, purchase orders, invoices, travel cost reports, Associated with the acquisition charges, and journal entries are all examples of financial transactions.

A completed contract between a seller and a buyer to trade products, services, or capital instruments in exchange for money is referred to as a transaction. In corporate accounting, the word is also often used.

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How can Sheila use information from an uncopyrighted Internet source such as Wikipedia?​

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Answer:

All she has to do is give wikipedia credit and say she found the information on wikipedia or what ever other uncopyrighted source she uses

Explanation:

name the system that originated in the airline industry and is still used in electronic markets for travel, hotel, car rental, and booking attractions.

Answers

The GDS (Global Distribution Systems) system, which was developed for the airline industry, is still utilized in electronic travel, hotel, auto rental, and attraction booking markets.

What is the industry?An industry in macroeconomics is a division of an economy that generates a connected group of products, services, or raw resources. One may cite the timber business or the insurance sector as examples.Industry classifications often utilise a company's or group's major source of revenue when analysing it to place it inside a certain industry.For instance, "statistical units" are categorised by the "economic activity in which they primarily participate" according to the International Standard Industrial Classification (ISIC), which is utilised directly or through derivations for the official statistics of the majority of nations worldwide.The next definition of industry is "a set of statistical units that are grouped into the same ISIC category."

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Toyota knows that people are only actively looking to purchase a car every few years. It wants to focus its ad dollars on people who are actively researching cars to purchase. What targeting dimension should toyota use for its ad campaign?.

Answers

The target dimension that Toyota would employ for the advertising campaign would be the market audience because the company is attempting to concentrate its advertising dollars on those who are actively looking to buy a car.

More about advertising campaign:

This is the phrase that is used to describe advertising for both goods and services. The manufacturers' primary tool for encouraging customers to purchase the products and services they are selling on the market is their advertising campaign.

The target market can be described as the group of people who the advertisement is targeted toward. They are the potential clients that the company is working to reach with its products and services.

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rita files her income tax return 35 days after the due date of the return without obtaining an extension from the irs. along with the return, she remits a check for $40,000, which is the balance of the tax she owes. note: assume 30 days in a month. disregarding the interest element, enter rita's failure to file penalty and failure to pay penalty.

Answers

The balance of taxes she owes: $3600

No Penalty Paid = $400

No Penalty Paid = $3600

No Penalty Paid = 0.5% of Unpaid Taxes

No Penalty Paid = 5 of Unpaid Taxes Non-payment of %

Penalty = 0.5%* Unpaid tax * Number of months or part thereof

= 0.5% * 40000 * 2

= 400 0.5%*40000*2)-400

= 3600

Provide the best facilities and infrastructure A person or organization that generates public works revenues. The funds raised will be used to fund various public spending programs.

Taxes are a major source of revenue for most governments. Among other things, this money will be used to improve and maintain public infrastructure, including the roads we drive on, and to fund public services such as schools, emergency services, and social programs.

For centuries, taxes have been an important fact of national life. Without them, it would be impossible to pay for the country's defense services, health, welfare, social services, schools and universities, and transportation systems.

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Items not easily quantified in dollar terms are not reported in the financial statements true or false?.

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It is true that items not easily quantified in dollar terms are not reported in the financial statements. This is known as monetary unit assumption.

What is the Monetary Unit Assumption?The monetary unit concept is an accounting principle that assumes business transactions or events can be measured and expressed in terms of monetary units and the monetary units are stable and dependable. In other words, the language of business and finance is money. It doesn’t matter what currency it is as long as it’s stable and can be comparable to other currencies.Accounting information must be complete, neutral, and free from error. personal transactions are not mixed with the company's transactions.

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The amount of mortgage debt that taxpayers may have and take an interest deduction on was reduced in 2018, impacting ______ taxpayers.

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The amount of mortgage debt that taxpayers may have and take an interest deduction on was reduced in 2018, impacting Less than 6% of taxpayers.

This is further explained below.

What are taxpayers ?

Generally, A individual or entity that is required to pay a tax is referred to as a taxpayer.

Taxpayers in the modern era may be required to have an identity number, often known as a reference number, which is provided by the government to residents or businesses. In common parlance, a person who is subject to taxation is referred to as a "taxpayer."

In conclusion, The maximum amount of mortgage debt that taxpayers are permitted to hold and still deduct interest on was decreased in 2018, affecting less than 6% of taxpayers.

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management function that focuses on the choice of the objectives to be pursued, the means to achieve them, and on the allocation of resources in the organization.

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Management function focuses on planning, organizing, controlling and leading.

   A management primary challenge is to solve problems as creatively and efficiently as they can. Setting goals and choosing a course of action to achieve them are both part of the management task of planning. Management must foresee future situations and be aware of the current environmental factors affecting their firm. Management must also have strong decision-making skills.

  The management function of organizing entails creating an organisational structure and assigning human resources to guarantee the achievement of goals.

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what type of loan is characterized by payments that include both interest and principal, but they are insufficient to completely pay off the entire principal by the time the loan is due? group of answer choices

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Balloon Loan is the loan in which the borrower pays installment of principal with the amount of interest  and at the end of the tenure of the loan the large payment is made to discharge the loan. In balloon loan the amount are paid.

What kind of loan has a repayment plan that is insufficient to pay it off over the course of the loan's term?

A loan that is negatively amortizing, also known as a negative amortization loan or a negative amortized loan, has a payment structure that enables the borrower to make a scheduled payment that is lower than the interest rate on the loan.

What kind of payment arrangement enables periodic interest-only payments with full principal repayment at the conclusion of the term?

loan not amortizing

Non-amortizing loans are a particular kind of loan where the principal is paid in a single lump sum. As a result, over the course of the loan, the principal's value does not diminish in any way. Interest-only loans and balloon loans are common examples of non-amortizing loans.

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The key participants in financial transactions are individuals, businesses, and governments. individuals are net ______ of funds, and businesses are net ______ of funds.

Answers

As the participants in financial transactions, the individuals are net suppliers of funds, and the businesses are net users of the available funds. Therefore, the option A holds true.

What is the significance of participants in financial transactions?

There are three participants in financial transactions as mentioned above. The individuals are termed as net suppliers of funds because they spend less than what they actually earn, and the business spend more than they actually earn, thereby being termed as users.

Therefore, the option A holds true and states regarding the significance of participants in financial transactions.

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The missing options to the incomplete question has been added for better reference.

The key participants in financial transactions are individuals, businesses, and governments. Individuals are net___ of funds and businesses are net____ of funds.

a. Suppliers; users

c. purchases; sellers

b. Users; suppliers

d. users, providers

The marketing department establishes its objectives and develops strategies to achieve them after the firm has?

Answers

The marketing department establishes its objectives and develops strategies to achieve them after the firm has established marketing plans. Therefore, the option A holds true.

What is the significance of marketing plan?

A marketing plan can be referred to or considered as the part of efficient marketing management of a company, wherein a company is able to set rights goals as a course of its plans to achieve the organizational objectives. A marketing plan is followed by a marketing strategy.

Therefore, the option A holds true and states regarding the significance of marketing plan.

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The marketing department establishes its objectives and develops strategies to achieve them after the firm has?

A. made marketing plan

B. made advertisement strategies

C. set up the business model

D. None of these

Describe the importance of social responsibility from a business perspective

Answers

The importance of social responsibility from a business point of view is to generate value for stakeholders and convert it into competitive and economic advantages for the company.

What is Corporate Social Responsibility (CSR)?

It corresponds to a set of organizational actions and measures created to satisfy the needs of society and the environment through programs that assist in socio-environmental development, such measures being spontaneous and in addition to the acts fulfilled by legal requirements.

Corporate social responsibility helps to change the perception of stakeholders, as companies are currently seen as active agents in society's changes and in the protection of its resources, being a significant differential for many consumers.

Therefore, CSR helps society to develop, in addition to promoting internal improvements, such as reduced waste, increased quality, greater job satisfaction and, consequently, better positioning in the active market.

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3-5 sentences on information about Economics.

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Answer:

go online to do it it will be better

if you suspect that a company will go bankrupt next year, which would you rather hold, bonds issued by the company or equities issued by the company? why? 2. suppose that toyota sells yen-denominated bonds in new york. what type of debt instrument would that be? 3. how can the adverse selection problem explain why you are more likely to make a loan to a family member than to a stranger? 4. if there were no asymmetry in the information that a borrower and a lender had, could a moral hazard problem still exist? 5. in brazil, a country that underwent a rapid inflation before 1994, many transactions were conducted in dollars rather than in reals, the domestic currency. why? 6. was money a better store of value in the united states in the 1950s than in the 1970s? why or why not? in which period would you have been more willing to hold money? 7. go to the st. louis federal reserve fred database and find data on federal debt held by the federal reserve (fdhbfrbn), by private investors (fdhbpin), and by international and foreign investors (fdhbfin). using these series, calculate the total amount held and the percentage held in each of the three categories for the most recent quarter available. repeat for the first quarter of 2000, and compare the results. 8. go to the st. louis federal reserve fred database and find data on currency (currsl), demand deposits (demdepsl), and other liquid deposits (mdlm). calculate the m1 money supply, and calculate the percentage change in m1 and in each of the three components of m1 from the most recent month of data available to the same time one year prior. which component has the highest growth rate? the lowest growth rate?

Answers

You would rather hold bonds, because bondholders are paid off before equity holders, who are the residual claimants

What is debt instrument ?

A debt instrument is a piece of property that a person, company, or government can use to raise money or make money from investments. For instance, a business would need to finance the purchase of new equipment, whereas government organisations can need financing for initiatives like infrastructure upgrades or to support ongoing operations.

In essence, this kind of instrument serves as an IOU between the issuer and the buyer. By making a one-time lump sum payment to the issuer or borrower, the purchaser takes on the role of the lender.

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the boss observes that her 10 workers produce 1,000 widgets a day. she concludes that she can employ 20 workers and make 2,000 widgets, 30 to make 3,000, or 40 to make 4,000. explain why this observation is either correct or incorrect.

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The boss observes that her 10 workers produce 1,000 widgets a day. she concludes that she can employ 20 workers and make 2,000 widgets, 30 to make 3,000, or 40 to make 4,000. This observation is incorrect.

Why this observation is incorrect?

She is most likely incorrect because of the law of diminishing returns. Adding more and more of a variable resource (labor) to a fixed resource (the factory and machinery) should cause output to increase, but at a decreasing rate. If the company is experiencing diminishing returns, we might expect something like 20 workers producing 1,800 units, 30 producing 2,500 units, and 40 producing 3,300 units.

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dealers in foreign exchange departments at large international banks act as market makers and maintain inventories of the securities in which they specialize.

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It is true that dealers in foreign exchange departments at large international banks act as market makers and maintain inventories of the securities in which they specialize.

What is mean by foreign exchange department?Operations and transactions involving foreign exchange are carried out by a bank's foreign exchange department. A forex department's primary duties include managing foreign remittances coming in and going out, as well as purchasing and selling foreign currency.By permitting currency conversion, the foreign exchange market supports investments and trade on a global scale. For instance, it allows a company in the United States to import goods from countries that are part of the European Union, particularly those that are in the Eurozone, and pay in Euros even though the company receives its income in US dollars.There are several foreign exchange markets with unique features, including the spot market, swap market, forward market, options market, and futures market.

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The _____ curve shows the negative relationship between the aggregate price level and the quantity of aggregate output demanded in the economy.

Answers

Answer: aggregate demand

Explanation: The aggregate demand curve shows the negative relationship between the aggregate price level and the quantity of aggregate output demanded in the economy.

Making more sales to current customers without changing a firm's products is known as ________.

Answers

When increasing sales to present clients without altering a company's product offerings is called Market penetration. Thus the correct option is B.

What is a product?

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

When an organization intends to increase sales and profits of its current goods or services to its current customers in order to expand its market share, this strategy of market penetration is used.

Therefore, option B is appropriate.

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The complete question is Probably

1) Making more sales to current customers without changing a firm's products is known

as ________.

A) market segmentation

B) market penetration

C) product diversification

D) product development

E) prospecting

a. an increase in demand and an increase in the quantity of potato chips supplied b. a decrease in the supply of potato chips and an increase in the quantity of potato chips demanded c. an increase in the supply of potato chips d. an increase in demand and an increase in the supply of potato chips

Answers

a.  an increase in demand and an increase in the quantity of potato chips supplied.

What happens when the supply of an item increases?

In case there is an increase in supply for goods and services whereas request remains the same, costs tend to drop to a lower equilibrium price and the next balance amount of goods and services.

There's an reverse relationship between the supply and costs of goods and services when demand is unchanged. In the event that there's an increment in supply for goods and administrations whereas request remains the same, costs tend to drop to a lower equilibrium cost and a better balance amount of goods and services.

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operations and supply chain leverage(s) the vast amount of data in enterprise resource planning systems to make decisions related to managing resources

Answers

Operations and supply chain analytics leverage(s) the vast amount of data in enterprise resource planning systems to make decisions related to managing resources.

What is supply chain analytics?The term "supply chain analytics" refers to the procedures that businesses employ to glean knowledge and derive value from the vast amounts of data pertaining to the obtaining, processing, and distributing of commodities. In order to forecast and enhance a company's delivery of goods and services to its clients, a supply chain analyst evaluates data and methodologies. The supply chain analyst plays a crucial function since a company's supply chain must operate smoothly and efficiently in order to assure profitability.Plan, Source, Make, Deliver, and Return are the five processes that make up the model's top level and are also referred to as its five supply chain management components.

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suppose that you sell short 800 shares of xtel, currently selling for $50 per share, and give your broker $25,000 to establish your margin account. a. if you earn no interest on the funds in your margin account, what will be your rate of return after one year if xtel stock is selling at: (i) $57; (ii) $50; (iii) $47? assume that xtel pays no dividends.

Answers

The rate of return after one year if steel stock dividend is $64200. at (I) $50.

A dividend is when a company distributes profits to its shareholders. When a company makes a profit or surplus, it may pay a portion of the profit to its shareholders as dividends. Amounts not distributed will be reinvested in the company. Dividends are usually paid to shareholders quarterly, but some companies pay dividends semi-annually. Payments can be received as cash or reinvested in company stock.

 Equity = Assets - Liabilities

= [margin account or invested cash + proceed from sale of short shares] - Value of 800 shares owned

                 = [$25000 + (800 * $50)] - 800 *Price

                 = [$25000 + $40000] - 800 *Price

                 = $65000 - 800 *Price

= $64200

Dividends indicate that a company has stable cash flows and is profitable. It can also provide recurring income to investors. Dividend payments also help provide insight into a company's intrinsic value. Many countries also offer preferential tax treatment for dividends if they are treated as non-taxable income.

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Costs assigned to units of product in absorption costing include ______ manufacturing costs. multiple choice question. only variable

Answers

In absorption costing, production costs for both fixed and variable products are ascribed to units of product.

The required details for costs in given paragraph

A cost is the amount of money that has been expended to produce an item or provide a service and is therefore no longer available for use in manufacturing, research, retail, or accounting. In the world of business, the cost can be one of acquisition, in which case the sum of money spent on getting it is considered the cost. The input used to obtain the thing in this instance is money.

This acquisition cost may include both additional transactional costs incurred by the acquirer above and above the price given to the producer, as well as the cost of production as borne by the original producer.

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many subscribers to newspapers and magazines have cancelled their print subscriptions in favor of online news. this trend has caused the startribune newspaper to offer online content for $1.99 per week and newsweek to suspend its print edition in favor of an online-only weekly edition. these companies had to change their , an action triggered by the technological and social changes in their marketing environments.

Answers

These companies had to change their, C.) Business Models' actions are triggered by technological and social changes in their marketing environments.

Strategic marketing helps you offer products and services at the right price based on information gathered through market research. Strategic marketing enables organizations to make the most of available resources and markets in accordance with organizational goals and objectives.

A business model describes how an organization creates, delivers, or acquires value in an economic, social, cultural, or other context. The process of building and modifying business models, also called business model innovation, is part of business strategy.

A business model is a strategic plan for how a company intends to make a profit. This model represents how companies sell, market, and drive their products. A business model determines what products it makes sense for a company to sell, how to promote those products, who to target, and what revenue streams can be expected.

Disclaimer:- your question is incomplete, please see below for the complete question.

A.) Marketing Tactics

B.) Strategic Marketing Processes

C.) Business Models

D.) Goals or Objectives

E.) Organizational Cultures

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- Why do so many people still sign up for overdraft protection when it is not always ?

Answers

Answer:

This protection usually covers checks, ATM transactions, and debit card transactions. Overdraft protection may make more financial sense, will result in the recipient not knowing your low bank balance, and ensures emergency transactions process.

Explanation:

________ are collections of related tasks that receive inputs and produce outputs.

Answers

activities are collections of related tasks that receive inputs and produce outputs

diego, age 28, married dolores, age 27, in 2021. their salaries for the year amounted to $49,300 and they had interest income of $875. diego and dolores' deductions for adjusted gross income amounted to $1,660; their itemized deductions were $19,425, and they have no dependents. their 2021 eip was equal to the 2021 rrc

Answers

$46,425  is the amount of their adjusted gross income.

What is adjusted gross income?

Adjusted gross income (AGI) is the individual's total gross income less certain deductions under the US income tax system. It is used to determine taxable income, which is calculated as AGI less personal exemption and itemized deduction allowances. Gross income is less important than AGI for the majority of individual tax reasons.

Gross revenue is calculated as the sales price of goods or property less the cost of the item(s) sold + other income. Payroll, interest, dividends, company income, rental income, and all other forms of income are included. Gross income less 21 other particular items and deductions from a business or rental activity is known as adjusted gross income.

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