Luce is single and making $763 biweekly. She claims no federal withholding allowances. If the state tax is 19% of the federal tax, state tax Luce contributes $16.34
What is federal withholding allowances?
A withholding allowance is an exemption that reduces the amount of income tax you have to withhold from an employee's paycheck. A larger number of withholding allowances means smaller income tax deductions and a smaller number of allowances means larger income tax deductions. Some employees, such as those whose tax return status is single, may claim zero rebates.
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Identifying one's competencies, customers, and competitors helps an organization answer what important question in setting a strategic direction?
It permits an organization to decide what is at present, as it starts to set a strategic direction of Competencies, prospects, and customers.
Which two things are part of the implementation phase of the strategic marketing process?There are four members of the implementation phase:
(1) the obtaining resources,
(2) designing the transaction organization,
(3) developing the planning schedules, and
(4) managing the marketing program designed in the planning phase.
The three steps of the planning stage include the situation (SWOT) computation, market-product focus, the goal setting, and the marketing program.
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If discontinued operations have a _____ effect on the income statement, they must be reported separately.
The income statement breaks out discontinued operations individually since it's crucial for investors to be able to discern between profits and cash flows.
The term "discontinued operations" describes the closure of a business division. All gains and losses for that division are required to be reported separately on the company's income statement for accounting purposes. This is done in order to identify these sums from those related to ongoing operations.
Parts of a company's operations that have been sold off or discontinued are referred to as discontinued operations in accounting. They are listed separately from continuing operations on the income statement.
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steve drafts several typical business messages that follow the direct strategy. which of these is an advantage of this style of writing? it breaks the components into subpoints. it gets to the main point quickly. it minimizes the effects of frontloading. it addresses sensitive subject that will upset the reader.
Steve drafts several typical business messages that follow the direct strategy. The advantage to this strategy is that it quickly gets to the main points.
The direct strategy is an excellent business strategy to attract traffic towards your business. People these days are very busy and do not need extra and lengthy descriptions of the services provided by the companies or businesses but what they need is a short description talking point to point.
The strategy mainly focuses on the main points the customer needs to know about the product or service, its benefits, why do the customer require it, the discount they can get, how it is better than their usual products etc.
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allied merchandisers was organized on may 1. macy company is a major customer (buyer) of allied (seller) products. may 3 allied made its first and only purchase of inventory for the period on may 3 for 1,000 units at a price of $9 cash per unit (for a total cost of $9,000). may 5 allied sold 500 of the units in inventory for $13 per unit (invoice total: $6,500) to macy company under credit terms 2/10, n/60. the goods cost allied $4,500. may 7 macy returns 50 units because they did not fit the customer’s needs (invoice amount: $650). allied restores the units, which cost $450, to its inventory. may 8 macy discovers that 50 units are scuffed but are still of use and, therefore, keeps the units. allied gives a price reduction (allowance) and credits macy's accounts receivable for $250 to compensate for the damage. may 15 allied receives payment from macy for the amount owed on the may 5 purchase; payment is net of returns, allowances, and any cash discount.
Allied merchandisers was organized on may 1. macy company is a major customer (buyer) of allied (seller) products.
Accounts receivable is 18,950
Calculation:
May 03 Merchandise inventory 20,000
Cash 20,000
May 05 Accounts receivable 21,000
Sales 21,000
May 05 Cost of goods sold 15,000
Merchandise inventory 15,000
May 07 Sales returns and allowances 1,750
Accounts receivable 1,750
May 07 Merchandise inventory 1,250
Cost of goods sold 1,250
May 08 Sales returns and allowances 300
Accounts receivable 300
May 15 Cash 18,570
Sales discounts 379
Therefore Accounts receivable 18,950
What is Accounts receivable?Customers' outstanding balances for goods or services for which an invoice has been issued are known as accounts receivable. On the balance sheet, the total amount of all accounts receivable is shown as current assets and includes invoices that clients owe for goods or services provided to them on credit.
One instance of accounts receivable is a utility company that bills its customers after they have used the electricity. While it waits for its customers to pay their bills, the electric company records an account receivable for any unpaid invoices.
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Explain five importance of transport to a business man
Movement of goods, easy movement of labor, price hike control, profit maximization, and assistance in mass production are the five important of transport to a businessman.
What exactly is transportation?The movement of humans, animals, and goods from one location to another is known as transportation (in British English) or transportation (in American English). In other words, transport is defined as a specific movement of an organism or thing from point A (a location in space) to point B.
Air, land (rail and road), water, cable, pipeline, and space are all modes of transportation. The field is divided into three sections: infrastructure, vehicles, and operations. Transport allows people to trade with one another, which is necessary for civilizations to develop.
Fixed infrastructure includes roads, railways, airways, waterways, canals, and pipelines, as well as terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals can be used for both passenger and cargo interchange and maintenance.
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Broadly speaking, what are the two primary benefits of public relations to sport organizations?
two primary benefits of public relations to sports organizations are to build the brand and protect the brand.
An employer or corporation is an entity—which includes an employer, an institution, or an affiliation—comprising one or extra human beings and having a specific motive. Three forms of agencies describe the organizational systems which can be utilized by maximum groups these days: practical, departmental and matrix. Each of these pieces of paperwork has benefits and disadvantages that proprietors need to keep in mind before finding out which one to enforce for or her commercial enterprise. A form of organization serves as a framework that a company can use to establish conversation structures and authority amongst personnel.
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a local store charges 1½% each month on the unpaid balance for its charge account. what nominal annual interest rate is being charged? what is the effective interest rate?
The effective interest rate is 19.56%.
Financial products that pay interest disclose their interest rate. The nominal interest rate is as follows. On the other hand, the effective interest rate takes into account the effect of interest rate compounding, making it the real interest rate an instrument pays over a specific time period (often a year).
The nominal yearly interest rate is 18%.
1.5% is the interest rate per month. Therefore, a year's
nominal interest rate
(12 months) is 18%, or 12 x 1.5%.
The (annual) effective interest rate is 19.56%. (EIR).
[tex]$E I R=(1+(r / n))^n-1$[/tex], where r is the annual interest rate and n is the number of periods.
Here, [tex]$n=12$[/tex] and [tex]$(r / n)=.015$[/tex] or [tex]$1.5 \%$[/tex]. Therefore,
[tex]E I R=(1+.015)^{12}-1=.1956 \text { or } 19.56 \%[/tex]
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When a company records an adjusting entry for services previously recorded as deferred revenue, it records which two of the following?.
When a company records an adjusting entry for services previously recorded as Deferred Revenue, it records a:
credit to Revenuedebit to Deferred RevenueWhat is journal entry?A journal entry can be defined as a process which involves keeping the records of the financial transactions of a business such as sales, salaries, inventory, etc, that are made by a business organization.
In Financial accounting, the journal entry is generally used by both bookkeepers and accountants for effective and efficient record purposes. This ultimately implies that, it is very important that a journal comprises the following information;
DateReference number.Transaction description.Debit balance.Credit balance.What is Deferred Revenue?Deferred Revenue can be defined as a liability on the balance sheet of a business firm's which represents a previous payment made by its customers for goods or services that are yet to be supplied or delivered.
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Complete Question:
When a company records an adjusting entry for services previously recorded as Deferred Revenue, it records which two of the following?
credit to Deferred Revenue debit to Cash credit to Revenue credit to Accounts Receivable credit to Cash debit to Deferred RevenueWhen a customized product is manufactured separately and in its own production, it is referred to as ____ production.
Job order production, often known as job order manufacturing, is the process of producing each customized item independently.
What is Job Order Production?
Products like custom-built homes and invitations—such as those for weddings, parties, or conventions—are examples of work order production. A job is represented by the production activities for a bespoke product. Numerous businesses create products that are specially crafted to satisfy the requirements of a particular customer.
A job order production system is exemplified by the aerospace division of Boeing. The company's two main commercial activities are the design, development, and integration of space carriers as well as the systems engineering and integration of Department of Defense technologies. A large portion of its orders are produced through job order processes and are customized.
Identify key elements of job order production
A job lot is the common name for a project that involves creating multiple units of a unique product. Imprinted T-shirts and baseball caps for a business outing or promotional banners for a chain of stores are a few examples of the products created in job lots. The quantity of production is often low, such as 200 T-shirts, 50 caps, or 100 signs, even when these orders entail more than one unit. The mass manufacture of products in a continuous series of processes is known as a process operation, often known as process manufacturing or process production. Process operations are made to mass-produce many identical products in huge quantities as opposed to job order production, where each product is unique based on the needs of the customer.
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liz buys a miata from nate’s mazda, paying with a check that is later dishonored. liz offers to sell the car to ogden for cash. with respect to this offer, liz’s title to the car is
liz buys a miata from nate’s mazda, paying with a check that is later dishonored. liz offers to sell the car to ogden for cash. with respect to this offer, liz’s title to the car is valid.
Salespeople who can offer better service than their competitors have an advantage for generating new business and taking away business from the competition.
What are salespeople?The salesperson is in charge of welcoming customers, assisting them in finding what they're looking for, and ringing up purchases. You need to have excellent communication skills to succeed as a salesperson. A successful salesperson achieves their goals while being courteous and helpful to customers.
A salesperson is someone whose primary goal is to close sales of a good or service. The salesperson may or may not truly be enthusiastic about the good or service. The pursuit of financial success is his or her main goal.
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because they can move assets and jobs from country to country, mncs typically over the economies, politics, and culture of the countries in which they do business.
MNCs frequently have a significant influence on the economics, governments, and cultures of the nations in which they conduct business because they have the ability to relocate assets and employment from one nation to another.
What is a Business?A company or entrepreneurial entity that engages in business, industrial, or professional activity is referred to as a business.Both for-profit and nonprofit organisations can operate as businesses.Limited liability firms, corporations, partnerships, and sole proprietorships are all examples of different business structures.While some firms operate as tiny operations in a particular industry, others are massive operations that span a variety of industries globally.Examples of well-known, prosperous companies are Apple and Walmart.A company that works for industrial, commercial, or professional purposes is sometimes referred to as a business.To know more about Business, refer to the following link:
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What is the main idea behind limited liability?
Answer:
the assets and debts of the business remain separate from the personal assets and debts of the company's owners.
Explanation:
Question: Hello: ) ✨ What is the main idea behind limited liability?
Answer: the assets and debts of the business remain separate from the personal assets and debts of the company's owners. If a company goes bankrupt, creditors cannot therefore go after the owners' personal assets, just that of the business. The purpose of an LLC, or a limited liability company, is to shield the business owner from personal liability for the company's debts. Most states allow residents, individuals who live outside the state or country, other LLCs, corporations, pension plans, and trusts to serve as LLC owners.
Have a nice day/night hun <3
Mary loves to collect stickers. She has 7 sticker books. Each book has 87 stickers. What is a reasonable estimate for the total number of stickers? PLEASE I NEED HELP
Based on the number of sticker books that Mary has, a reasonable estimate for the total number of stickers is 609 stickers
How many stickers in total?There are 7 books for stickers that Mary has to collect the stickers she loves.
Each of the books holds around 87 stickers. The total number of stickers that Mary has as a reasonable estimate is:
= Number of sticker books x Number of stickers per book
Solving gives:
= 7 x 87
= 609 stickers
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Your friend meets you for coffee one day driving a brand new motor scooter. You immediately fall in love with it and offer them $2,000 for it. Your friend politely declines and states they paid $3,000 but goes on to say i may sell you my scooter, if you pay $2,700. If your friend later refuses to go through on the deal, can you hold them liable for breach of contract?.
If your friend later refuses to go through on the deal, No, you cannot hold them liable for breach of contract because there was never any consideration.
This is further explained below.
What is the contract?Generally, A binding agreement that is legally enforceable and that establishes, defines, and controls the parties' respective rights and responsibilities in relation to one another are called a contract.
In most cases, the exchange of commodities, services, or monetary value takes place during the course of a contract, or the parties involved commit to doing so at a later time.
In conclusion, Because there was never any consideration exchanged between the parties, you are not able to hold your buddy accountable for a breach of contract in the event that they subsequently back out of the arrangement.
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CQ
Your friend meets you for coffee one day driving a brand new motor scooter. You immediately fall in love with it and offer them $2,000 for it. Your friend politely declines and states they paid $3,000 but goes on to say "I may sell you my scooter, if you pay $2,700."
If your friend later refuses to go through on the deal, can you hold them liable for breach of contract?
Yes, because there was a valid offer and acceptance.
No, because there was never any consideration.
No, because the value of the scooter is not equal to the value of the agreement.
Yes, because you agreed to pay $2,700.
edmond, the ceo of hartman manufacturing, said to his new vice president of accounting, "in the past i had resistance to new ideas by employees who felt that our plans threatened their influence or their jobs. so when you tell your collections department that we just hired a collection agency to handle bad debt, you may have to sell your collections manager and his supervisors on using the agency. you also have to emphasize the fact that nobody is going to be laid off." selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of
Delling middle and supervisory managers on changes to overcome their resistance is often a necessary part. Two years after Samsonite, known for its smart, high-quality luggage and bags, acquired Hartmann from a private equity firm for $35 million.
The company is reviving the 137-year-old brand in the mass retail market. trying to get it started. Hartmann ends the year with 25 of his stores, starting with zero.
The Hartmann is known for creating distinctive luggage collections such as wings and tweeds associated with traditional American styles. Many of its products are manufactured in the United States and are now outsourced worldwide, mostly in China and other parts of Asia.
Hartmann is a Germanic and Ashkenazi Jewish surname. It is rarely used as a male-given name.
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In the context of managing data flows, the _______ of inventory control seeks to minimize excess capital investment in inventory
In the context of managing data flows, the just-in-time method of inventory control seeks to minimize excess capital investment in inventory.
Just-in-time method of inventory control is an inventory management method in which goods are received from suppliers only as they are needed. Here, the main objective of this method is in order to reduce inventory holding costs and thus increase the inventory turnover.
So rather than producing goods and supplying customers from their company's stock, just-in-time method processes focus on producing exactly the same amount which your customer needs at an exact same time.
Hence, just-in-time is an inventory management strategy which reduces wastage by receiving inventory only as they are needed for production, and not ahead of its time.
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Lata, a respiratory therapist, emigrates from bangladesh to the united states for better job opportunities. this is an example of the flow of ________ capital.
Lata, a respiratory therapist, emigrates to the United States from Bangladesh in search of better job opportunities. This is an example of the flow of human capital.
What is human capital?It corresponds to an essential organizational resource in the globalized and highly competitive world, people, which correspond to a resource that must be valued in organizations for the possibility of people contributing significantly to the exchange of knowledge, new ideas and innovation.
Therefore, the flow of human capital is a characteristic of the globalized world and that forms multicultural societies, which can be positive for business in the sense of exchanges of knowledge, creativity and differentiation.
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Assume the government reduces its spending and raises income taxes in an effort to reduce the budget deficit. The most likely short-run result will be an increase in?.
If the government reduces its expenses and raises income taxes to reduce the budget deficit then it may cause unemployment.
The number of jobless persons as a percentage of the labour force is used to calculate the unemployment rate, which is used to calculate the level of unemployment. The OECD defines unemployment as people over a certain age who are currently available for work but are not either employed or self-employed during the reference period. A nation has the ability to affect unemployment and the state of the economy, through its fiscal policy. Furthermore, a nation's central bank or other monetary authority can affect the cost and availability of money by enacting monetary policy.
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suppose you take out a margin loan for $48,000. the rate you pay is an effective rate of 6.5 percent. if you repay the loan in six months, how much interest will you pay
Total interest payment = $10500
There are various instances where one monthly payment of loans is required like car loans, mortgages etc.
The formula used to calculate the effective monthly rate:
=rF/[1-{(1+r)^-T}]
where F = principal
T = time period in months
r = effective monthly rate
Solving using the formula:
=(0.065*48000)/{1-(1 + 0.065)^(-6)
=3120/[1-{(1.065)^-6}]
=3120/[1-(0.68)]
=3120/0.32
=9750
Total payment = 9750*6 = $58500
Hence, total interest payment = 58500 - 48000 = $10500
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In the crowdsourcing and crowdfunding video case, what term related to crowdsourcing is used to describe connecting with an on-demand, scaleable workforce that can perform a broad range of tasks by companies such as the amazon mechanical turk marketplace?.
Amazon Mechanical Turk (MTurk) is a crowdsourcing is used to describe connecting with an on-demand, saleable workforce that can perform a broad range of tasks by companies such as the amazon mechanical turk marketplace.
With the help of a dispersed workforce that can carry out these duties digitally, individuals and organizations may more easily outsource their processes and jobs using Amazon Mechanical Turk (MTurk), a crowdsourcing marketplace. This might involve anything from simple data validation and research to more empathetic activities like doing surveys and content moderation, among other things. Utilizing the collective intellect, expertise, and insights of a worldwide workforce through MTurk helps businesses to improve business procedures, expand data gathering and analysis, and quicken the development of machine learning.
Despite the fact that technology is always evolving, there are still many tasks that people can execute considerably more efficiently than computers, such as content moderation, data deduplication, and research.
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A ________ is some combination of products, services, information, or experiences provided to consumers to satisfy a need or want
A market offering is some combination of products, services, information, or experiences provided to consumers to satisfy a need or want.
It is an aggregate of merchandise, offerings, facts, or experiences offered to a marketplace to meet a need or need. As an example, inside the food enterprise, a “market supplying” might be a sandwich. extra widely, market offerings also include different entities, such as folks, locations, organizations, facts, and ideas.
Marketers carve purchaser products into 4 classes, referred to as offerings:
comfort services.shopping services.strong point offerings.Unsought services.Product, price, and carrier. most offerings encompass a product, or a tangible desirable humans should purchase, promote, and personal.
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with no other positions, an investor sells short 100 xyz at $40 and sells 1 xyz oct 40 put at $5. if the put is exercised when the market price of the stock is $35 and the stock received is used to cover the short position, what would the investor's profit or loss be?
The total profit, according to the stated statement, is the premium income of $5.
The correct option is B.
Briefing:If the put is executed at a price less than $40, the writer's shares will be used to close the short position. The short sale results in no profit or loss (sell short at $40 and cover at $40). The total profit is the $5 premium income. When the short selling price and striking price are both the same, the seller of a put who sells short couldn't ever profit more than the premium.
What is the definition of profit and loss?A profit and loss report is created by taking a company's entire revenue and deducting all expenses, including taxes, from the total revenue. If the resulting sum, known as net income, is negative, the company has lost money; if it is positive, your company has made money.
In accounting, what is the distinction between profit and loss?You can compute net profits and losses by analyzing gains and expenses. When debt surpasses credit, there is a net loss; when credit exceeds debit, there is a profit. Learn the distinction between trade as well as profit and loss accounting in the sections below.
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I understand that the question you are looking for is:
A customer sells XYZ short at $40 and sells one XYZ October 40 put at 5. What would the customer's profit or loss per share be if the put is exercised when the market value of the stock is $35, and the stock received pursuant to that exercise is used to cover the short stock position?
A. $10 profit
B. $5 profit
C. 0
D. $5 loss
During the covid 19 pandemic, the demand for personal protective equipment increased. What adjustments would the market make as a result that would benefit the economy?.
The adjustment that will be made by the market to make a profit by seeing such conditions is to make personal protective equipment and then sell it.
The COVID-19 outbreak has caused more than two million cases and hundreds of thousands of people died, including the fallen health workers. One of the reasons why many health workers die while on duty is the lack of available personal protective equipment (PPE).
This condition is quite alarming considering that many hospitals have reported shortages of this equipment when dealing with the COVID-19 outbreak. Here's an explanation of personal protective equipment in hospitals and why it's important for medical workers. The number of COVID-19 cases continues to increase worldwide. This number of cases is certainly not proportional to the number of health workers and PPE available in hospitals. As a result, not a few medical workers died while treating COVID-19 patients. Starting from doctors, nurses, to cleaning workers.
According to reports from a number of media, not a few doctors, nurses, and other health workers are trying to protect themselves from the virus with disposable raincoats. Raincoats sold in the market are certainly not comparable to PPE that meets standards. How not, the purpose of protective equipment is to protect health workers from the spread of COVID-19 infection. In fact, the use of PPE does not guarantee they are protected from exposure to the virus.
The thought of the high risk of getting infected with the COVID-19 virus due to the lack of PPE continues to haunt them. However, this does not stop health workers from continuing to work and treat COVID-19 patients, despite the lack of self-protection.
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The worldwide interdependence of resource flows, product markets, and business competition is called:______.
The worldwide interdependence of resource flows, product markets, and business competition is called Globalization as it is one that characterizes the new economy.
What is resource flow?The term "resource" is related to the availability of facilities. It can take any form and can be passed from hand to hand so that everyone can make the best use of these resources.
This comes under the term "resource flow''. The product market and business competition have increased. This comes under the term "globalization''.
As a result of world-wide interdependence, globalization is related to the exchange of products and services throughout the nation and at an international level.
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If your manager were to give you a complex project that involved a lot of research and analysis to provide information to write a detailed and accurate report, how might you make it more manageable? What type of communication skills would that require?
In order to make a complex project more manageable, an individual should follow the tips for project management. Try to define the goals and prioritize what's urgent, then analyze the resource and gather the data. Business communication skills would be require for the business project.
What is the significance of business communication?Business communication refers to the process of sharing information between the people within the workplace or outside the company.
Business communication plays a very significant role in an organization as it helps to establish formal relations between employees and workers. It also helps the employee understanding the goals of a company.
Basically, the main purpose of the business communication is to improve organizational practices and reduce errors.
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Suppose the u. S. Treasury offers to sell you a bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $5,600. What interest rate would you earn if you bought this bond at the offer price?.
The interest rate is 6.44%
A = P(1+r)^t
Where;
A = final value of bond
P = Initial value of bond
t = time of investment
r = yearly interest rate.
Making r the subject of formula.
(1+r)^t = A/P
1+r = (A/P)^(1/t)
r = (A/P)^(1/t) - 1 ............1
Given,
A = $5600
P = $3000
t = 10 years
Substituting the values, we have.
r = (5600/3000)^(1/10) - 1
r = 0.0644
r = 6.44%
The interest rate is 6.44%
Interest rate is the value, rate, price or profit given to investors from the use of investment funds on the basis of calculating economic value within a certain period of time. Bank interest rates are used to control the economy of a country. The interest rate is regulated and determined by the government which aims to maintain the continuity of a country's economy. This interest rate is important to take into account because the average investor always expects a larger investment return.
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Studies that seek clues to cause-effect relationships by manipulating one or more factors while controlling others describes?
When a study seeks clues to a cause-effect relationship by manipulating one or more factors while controlling others, this is an Experimental research.
What is an experimental research?Experimental research is a type of research that tries to find the cause of something by looking at its effects as well. Experimental research will test two variables (or more sometimes) to see whether one of the variables can cause a change in the other variable.
This test is done by manipulating the variable that is being though to be the cause of the effect. This variable is called the independent variable. The researcher will then check for changes in the dependent variable to see if there are any effects.
In conclusion, this is an experimental research.
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if the quantity demanded of a good is greater than the quantity supplied of that good, then the price of the good the equilibrium price. a. is greater than b. is less than c. is equal to d. could be either greater than or less than
If the quantity demanded of a good is greater than the quantity supplied of that good, then the price of the good is greater.
Why does the price rises?A good's price will rise until it reaches the equilibrium price if there is a difference between the quantity demanded and the quantity supplied of the good at the current price.Excess demand is when there is a surplus of demand relative to supply at the price being offered. There is a shortage for this. Excess Supply: When there is a surplus of a good or service at a given price, there is less demand than there is supply. Additionally, a surplus is what this is.Demand outstrips supply, or when the price is too low, and a shortage results. Due to consumer competition to buy the product, however, shortages frequently result in price increases. In order to increase demand, companies may therefore delay production. They are able to raise the price because of this.To learn more about demand and supply visit:
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An increase in prices of inputs will cause a _change in prices with an elastic demand as opposed to an inelastic demand. The change in input prices will cause a ___change in quantity if demand is elastic as opposed to an inelastic demand.
An increase in prices of inputs will cause a relatively small increase change in prices with elastic demand as opposed to inelastic demand. The change in input prices will cause a relatively small drop change in quantity if demand is elastic as opposed to inelastic demand.
Input prices determine the lowest price at which a business may sell an item without losing money. This price is equal to how much it costs to create the good. A process must be applied to inputs in order to generate an output while creating a good or service in demand. The costs of the commodities a business purchases in order to produce its goods are known as input prices. The total input cost is the sum of all expenses incurred in manufacturing the item in demand. By dividing the quantity produced by the price per unit, the input price is determined.
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Harper loves adidas apparel for its style and comfort. She needs running pants and purchases a pair with the adidas logo. This is an example of which type of purchase decision?.
Harper loves adidas apparel for its style and comfort. She needs running pants and purchases a pair with the adidas logo. This is an example of limited problem solving.
In limited problem solving, customers make decisions based on straightforward decision rules rather than being driven to conduct in-depth research or carefully weigh all available options. A little more thought or consideration goes into this kind of purchase decision. Limited problem solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products. When buying a new, expensive, or infrequently purchased goods, consumers engage in extensive problem solving.
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