Answer:
Explanation:
The total Expenditure is the summation of all the following parameters ( Spending on Education, Spending on Welfare and social security, Spending on Healthcare, Spending on Defense, Payments on Debt, Other Spending)
The total Expenditure = $(320+890+270+120+170+240) million
The total Expenditure = $2010 million
However;
The total Revenue = Income Tax+ Sales Tax+ Corporate Tax+ Social Insurance
The total Revenue = $(800+270+300+340) million
The total Revenue = $1710 million
The debt now will be the difference between the total expenditure and the total revenue.
Debt = $(2010-1710) million
Debt = $300 million
Therefore, Littleland needs to borrow $300 million
At the end of 2010, the total debt = Total debt of 2009 + amount borrowed in 2010
Total debt of 2009 = $ 3.5 billion
amount borrowed in 2010 = $0.3 billion
At the end of 2010, the total debt = $(3.5+0.3) billion
At the end of 2010, the total debt = $3.8 billion
Therefore; the Debt to GDP ratio in 2010 = 3.8/7.3 = 52.05%
The Debt to GDP ratio in 2010 = 52.05%
To the nearest whole percentage ≅ 52%
why would it probably be a surprise to a stockbroker when a stock is priced very low and then goes on to increase in value quite suddenly?
Answer:
Well, it started low and suddenly started to go up. It's something that just isn't expected especially in stocks.
Which of the following are correct when calculating the cost of a unit of output? (cost unit):
i. All fixed costs are indirect costs
ii. All indirect costs are fixed costs
iii. All variable costs are direct costs
iv. All direct costs are variable
v. All indirect costs are overheads
Group of answer choices
i. only
i. iv. and v.
i. and ii.
ii. and iii.
ii. iii. and iv.
i. iv. and v. All fixed costs are indirect costs, all direct costs are variable, all indirect costs are overheads.
Indirect cost are those which are associated with the process of production indirectly. They are incurred other then the production in which indirectly the material is used. Whereas the direct costs are the one time investments made in the production process so that the process could be made easier.
Costs and overheads are basically part of every production they can added as repairs ,trade expenses etc which makes the process continuous. Variable costs are floating in nature.
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Does the restaurant industry seem like a stable option for aspiring entrepreneurs to pursue
Yes, restaurants Industry seems like a great option for aspiring entrepreneurs to pursue. This however depends on the location in questions.
What is this so?The Chain Restaurants industry's market size is predicted to grow 13.5% by 2022.
What is the estimated market size of the Chain Restaurants industry in the United States in 2022?In 2022, the Chain Restaurants business will generate $50.9 billion in sales.
From the above, it is clear that there is room for growth, innovation, competition by differentiation, an as such opportunities.
Hence it is right to conclude that restaurants Industry is a great option for aspiring entrepreneurs to pursue.
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Which statement about the Federal Reserve Bank (the Fed) is most
accurate?
Multiple Choice
O
The Fed manages the U.S. money supply and
interest rates.
The Fed is an agency of the U.S. Treasury
Department that has the responsibility of
collecting tax receipts for the IRS.
The Fed is the agency of the government that
ensures that the United States maintains enough
gold reserves to pay any foreign debts that result
from international trade.
The Fed is the primary government agency
involved in carrying out our nation's fiscal policies
Answer:
The Fed manages the US money supply and interests rate
Bing, Incorporated, has current assets of $6,000, net fixed assets of $23,200, current liabilities of $5,600, and long-term debt of $13,600.
a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)
b. How much is net working capital? (Do not round intermediate calculations.)
We are aware that the total assets of $29,200 must match the total liabilities and owners' equity (TL & OE). We also know that TL & OE equals owners' equity plus long-term debt, hence owners' equity is:
Owners' equity is $29,200 minus 13,600 minus 5,600.
$10,000 is the owners' equity.
Net working capital (NWC), however, is
Current Assets - Current Liabilities = NWC
NWC = $6,000 - 5,600
NWC = $400
NWC: What is it?
The difference between a company's current assets—such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods—and its current liabilities—such as debts and accounts payable—is known as working capital, sometimes known as net working capital (NWC).
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are there public functions that might benefit from more competion, including competition from private firms?
The public would gain from more competition in the highway and education sectors, among other public services. In order to maintain their jobs, there would be more motivation to work.
How Do Private Companies Work?
A business owned privately is known as a private corporation. Private businesses may issue stock and have shareholders, but their shares are not offered through an initial public offering or traded on public markets (IPO). Private corporations are therefore exempt from complying with the onerous filing requirements set down by the Securities and Exchange Commission (SEC) for public enterprises.
These companies generally have less liquid shares, making it more challenging to estimate their values.
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Use of technology, employee retention and HR development have been at the core of HR becoming more strategic at Xerox. Why have those areas been so key?
Answer:
identify six entrepreneurial qualities that are represented by Lulu
Since the approval of the North American Free Trade Agreement (NAFTA), the value of U.S.
exports to Mexico and Canada has increased. True or False
True - Since the endorsement of the North American Free Exchange Understanding (NAFTA), the esteem of U.S. exports to Mexico and Canada has expanded.
The Canadian economy has massively benefited from NAFTA. It has created new export prospects, encouraged the development of globally competitive enterprises, and attracted considerable foreign investment.
The North American Free Trade Agreement (NAFTA): What Was It?
To encourage trade between the United States, Canada, and Mexico, the North American Free Trade Agreement (NAFTA) was put into effect. On January 1, 1994, the agreement, which removed the majority of economic barriers between the three nations, came into force. Between January 1, 1994, and January 1, 2008, a number of tariffs—particularly those pertaining to agricultural goods, textiles, and automobiles—were gradually phased out.
Has NAFTA boosted American exports?
Trade between North America's three countries has grown significantly since the implementation of the North American Free Trade Agreement (NAFTA). The United States has seen a 150% increase in exports to Mexico and a 66% increase to Canada.
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Market trends of software engineer
A colleague at work learned that your company, an industrial supply company, has been offering kickbacks to purchasing officers to secure contracts. She asks you whether she should do anything. What step do you suggest she take?
Do nothing.
Identify other purchasing officers who might like to earn a kickback.
Quit.
Blow the whistle and disclose the unethical conduct.
We can actually deduce here that the step I will suggest she takes on the issue is to: Blow the whistle and disclose the unethical conduct.
What is business ethics?Business ethics refers to the set of standards and principles that are set-up by a firm or an organization which is used to checkmate the morally right and wrong conducts in business.
We see here that in the given scenario, receiving of kickbacks in order to secure contracts is morally wrong. It is a a form of receiving bribes in order to get contracts.
Such unethical conduct must be exposed and abolished.
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What are the three different types of stakeholders that the board must take into account of? Give examples of each type and explain to illustrate your points?
The various kinds of stakeholders that the board must take into account of are:
employeescustomers, and investors.Who is a key stakeholder?A significant stakeholder is critical to a company's long-term success. Key stakeholders may assist businesses in making strategic choices, reducing risks, and expanding their operations.
If you are active in assisting your business in reaching its objectives, it is critical that you understand who your key stakeholders are and how to identify them.
Employees are crucial because they drive the business, customers are crucial because, the are the reason for the existence of the business, investors are important because, they finance the business.
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The budget for this consumer is $48. a. What is the price per pound of steak? b. What is the price per pound of chicken? c. List two true statements centered on point A: 1. ___________________ 2. ___________________
Based on the budget of $48, it is to be noted that the price per pound of steak is $4. See further explanation below.
What is the price per pound of chicken?The price per pound of chicken, based on the information provided is $3.
What are the two statements that are centered on point A?The two statements which are TRUE in relation to option A are:
At point A,
1. the consumer is said to be in equilibrium. This is because, at that point, the price at which consumers are supplies are willing to buy and sell respectively are in alignment.
2. It is also TRUE that the marginal rate of substitution is computed at -3/4
See the attached image for further details.
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If a storm occurs on the night of a football game, research suggests that people are more likely to risk their personal safety in the storm if they paid for the football ticket versus if it was a freebie. This is an irrational behaviour because the risk is the same regardless of whether they paid for the ticket or not. This behaviour could best be described by which of the following mental biases?
This behaviour could best be described as sunk cost fallacy.
What is sunk cost fallacy?Sunk cost is a cost that has already been incurred. For example, when people pay for a ticket before a match, the cost of the ticket paid is known as sunk cost.
Economic theory suggests that sunk cost should not be considered when making future decisions. So, when making future decisions about if to attend the game or not, the amount paid for the ticket should not be considered.
Sunk cost fallacy is when sunk cost is considered when making future decisions. Sunk cost fallacy leads to suboptimal outcomes.
For example, assume that the cost of the tickets is $50. The tickets were bought months to the game. Days to the game, it is announced that there might be a storm. According to the sunk cost principle, those who have bough the ticket should not consider the amount paid for the ticket when deciding if to go for the game or not. What should be considered is their personal safety. Those that consider the cost of the ticket when making a decision on if to attend the game are committing the sunk cost fallacy.
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9) Which of the following statements is an example of the behavioral component of an attitude? A) I have decided to apply for the position of a campaigner in the climate department. B) I am thrilled to know that the human resource department is looking for a climate campaigner. C) The position of a climate campaigner is challenging and interesting. D) The position of a climate campaigner will allow me to explore my skills as a campaigner. E) I think the position of a climate campaigner involves extensive travel.
Answer: A) I have decided to apply for the position of a campaigner in the climate department.
Explanation:
Question 3 of 20
Which person did not use a cost-saving strategy when deciding how to spend
their money?
O A. Caleb bought a computer he could upgrade as newer video cards
became available instead of the computer that could not be
upgraded.
B. Lin had decided to buy the cheapest of three fitness cameras, but
she changed her mind when she read the return policy.
C. Abram used comparison shopping to decide which pair of new
jeans would be the best value.
D. Juanita had planned to save for her new video game, but instead
she used a credit card because her friends wanted her to play with
them.
By analyzing current expenses and identifying opportunities to reduce internal costs, cost-saving measures can help firms save money.
Businesses can obtain a competitive advantage and improve their bottom line by integrating cost-cutting measures into their organizational plans. Reduce employee expenses. Employee costs are prioritized in cost reduction plans via wise decision-making.
Cut back on material costs. Any business owner is aware that materials take up a significant portion of the budget.
Reduce overhead costs.
Buy to Save.
Operations Based on Robots.
The advantage gained from taking steps to lower an organization's overall expenditure on assets, which has a direct influence on its bottom line, is known as cost savings. Cost-saving measures can include increasing productivity and obtaining reduced supply purchasing costs.
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1. How many units will the domestic firms produce without a tariff if the foreign producer can sell the product at a $4 price?
How does scarcity affect you and your life? Provide at least three examples of items that you have had to do without because of limited resources. How did you adjust to this situation? Were you able to find suitable substitutions?
Scarcity affects me by compelling me to choose between competing social goods. Three examples include owning a nice home, buying gas, and owning a high-end smartphone. Adjusting to scarcity means substituting these with owning an apartment, using public transport, and buying cheaper smartphones.
Scarcity is the basis for economics, as the latter is primarily concerned with the allocation of limited resources. It arises when the demand for goods is greater than its supply. In such cases, since it is not possible to acquire all the goods that one desires, one is compelled to find substitutes for goods that one cannot afford.
For example, the substitutes for a house, using one’s private vehicle, and owning a high-end smartphone is to buy an apartment, switch to public transport, and buy cheaper smartphones.
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One possible way to overcome procrastination is to trick yourself by doing anything
that will draw you into a task.
True or False
trueeeeeeeeeeeeeeeeeeee
Answer:
18 25
Explanation:
List whole numbers between 18 and 25
What entrepreneurship activities could you engage in that
would enhance the learning experiences you are gaining in your
classes on campus or on line? Why do you think the activity you
chose would help?
Entrepreneurship activities should you interact in that would beautify the mastering reviews you're gaining to your training on campus or online:
whilst getting to know to turn out to be marketers, we should usually select to construct upon new possibilities, community, search for mentors to research from them as well as brainstorm new thoughts on every occasion we have the time to interact in it.
An entrepreneur is a person who creates a new commercial enterprise, bearing maximum dangers and taking part in a maximum of rewards. The method of setting up an enterprise is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a supplier of the latest thoughts, items, services, and enterprises/or methods.
Entrepreneurship is the advent or extraction of monetary fees. With this definition, entrepreneurship is considered as an exchange, normally entailing a threat beyond what is usually encountered in starting a business, which may additionally encompass different values than sincerely monetary ones.
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Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,295 in course fees for his continuing legal education in a different city. He also paid $467 for airfare and a hotel room and paid $250 for meals, all of which were provided by the hotel’s restaurant. Bob also purchased a $6 bag of snacks from a newsstand while waiting for his plane in the airport because he missed lunch.
What is the total amount he can deduct on his Schedule C related to these expenses?
Based on the requirements of Schedule C, the total amount that Bob can deduct related to these expenses is $1,887
How much can Bob deduct?Bob can deduct only 50% of his expenses for meals but can deduct the full airfare and course fees in Schedule C.
The total that Bob can therefore deduct from his Schedule C for those expenses is:
= 1,295 + 467 + (250 x 50%)
= 1,295 + 467 + 125
= $1,887
In conclusion, the total amount that Bob can deduct in Schedule C as relates to his expenses is $1,887.
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Mistakes People Make Worksheet 3.9.2 List the 6 mistakes people make while making decisions and explain the mistake. Next, give an example of a decision that would illustrate the mistake. Lastly 1 Class Period: EXPLANATION Date: EXAMPLE WAS THERE A MORE RATIONAL DECISION?
Mistakes people make while making decisions and explain the mistake
Don't face reality - Fall into self-deception.Go with the flow.Too quick to risk. - Rushing to work or home can lead to aggressive driving.Relying too much on intuition. - One of the main reasons against relying on intuition is that intuition can be unreliable and biased.To marry your own thoughts.In summary, we talked about his eight common types of bias. Overconfidence, fixation, affirmation, availability, escalation of commitment, random errors, risk aversion, retrospective bias to confront past mistakes, and bias to face fear and pain. process emotions.
People have shown an amazing ability to deceive themselves and distort their misbehavior in order to reflect positively on themselves. Can make us happier if it means being open.
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In the process of starting a business, after developing a business plan the
entrepreneur needs to
A) order supplies for the business.
B) develop an employee manual.
C) decide an appropriate legal
form of business ownership.
D) promote the business to the customers.
E) file for tax returns for the business with the Internal Revenue Service.
The entrepreneurial process consists of three crucial steps. consists of three steps: (1) discovering business possibilities; (2) planning and putting together the enterprise; and (3) funding the venture and acting. Identification of opportunities, planning and preparation of the enterprise, and resource allocation for the venture
Process requirements. Online banking is possible today because of the development of ATMs in the 1960s.
The majority of businesses are successful because they offer a decent enough product or service. According to multiple research findings, the largest problem for small businesses is marketing, sales, and money. But money management is the one crucial element that most often determines success and failure.
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principles of accounting
Answer:
Accrual principle
Matching principle
Historic cost principle
Conservatism principle
Principle of substance over form
Assume that one unit is sold on April 27 for $330. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost methods.
The determination of the gross profit for April and the ending inventory on April 30, using the three inventory costing methods, are as follows:
Gross Profit Ending Inventory
(a) First-in, first-out (FIFO) $97 $469
(b) Last-in, first-out (LIFO) $95 $467
(c) Weighted average cost methods $96 $468
What are the inventory costing methods?Inventory costing methods based on their cost flow assumptions are:
First-in, first-out (FIFO)Last-in, first-out (LIFO)Weighted average cost methods.The FIFO method is a costing method that assumes that goods are sold chronologically as they are produced or bought. Therefore, the cost of goods sold is the cost assigned to the earlier goods.
The LIFO method bases the cost of goods sold on the assumption that the latest goods produced or bought are sold first before the earlier ones.
Under the weighted average method, the cost of goods sold is based on a weighted average cost of all goods produced or bought during the period.
What is the ending inventory?The ending inventory is the difference between the cost of goods available for sale and the cost of goods sold.
What is the gross profit?The gross profit is the positive difference between the sales revenue and the cost of goods sold.
Data and Calculations:Item Beta Units Cost
April 2 Purchase 1 $233
April 15 Purchase 1 234
April 20 Purchase 1 235
Total 3 $702
Average cost per unit = $234 ($702 ÷ 3 units)
FIFO:Cost of goods sold = $233
Ending inventory = $469 ($702 - $233)
Gross profit = $97 ($330 - $233)
LIFO:Cost of goods sold = $235
Ending inventory = $467 ($702 - $235)
Gross profit = $95 ($330 - $235)
Weighted Average:Cost of goods sold = $234
Ending inventory = $468 ($702 - $234)
Gross profit = $96 ($330 - $234)
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Question Completion:Cost Flow Methods
The following three identical units of Item LO3V are purchased during April:
Item Beta Units Cost
April 2 Purchase 1 $233
April 15 Purchase 1 234
April 20 Purchase 1 235
Total 3 $702
Average cost per unit = $234($702 ÷ 3 units)
The EURO is currently used in
Answer:
You can use the euro in 19 EU countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.
Prepare an income statement for the question provided below in the picture. Thank you
The income statement for Jim blossom has Net income of :$41,493.
What is income statement?Income statement can be defined as the statement that shows the income and expenditure generated by a company in which net income means that revenue is higher than expenditure while net loss means that expenditure is higher than revenue.
Income statement can be calculated using this formula
Income statement= Revenue - Expenses
Now let calculate the income statement for Jim blossom:
Income statement for the year ended 31 December 2024
Revenue:
Service revenue $156,998
Expenses:
Insurance expenses $3,869
Interest expenses $1,029
Operating expenses $3,373
Salary expenses $89,330
Supplies expenses $20,904
Total expenses $118,505
Net income $41,493
( $156,998-$118,505)
Therefore the income statement for Jim blossom has Net income of $41,493.
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PLEASEEEEE!!!!!!!!!!!!!Which describes an individual’s net income?
An individuals net income is the net income that is taken to home by an individual after all deductions of tax, pension and insurance contributions.
What is Net Income?Net income is the income that is netted off of expenses that are directly related. Most common example of a net income is the net profit that is calculated in the income statement, revenue is deducted by the cost of goods sold and so the result is a net income.
The net income of an individual is also similar to this example. In an individual's net income the income that is taken to home to be utilized and consumed is the net income. Net income is the income of an individual netted off from the taxes, insurance payments and pension contributions. In short the income that is credited to an individual’s account.
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Which of the following is an example of a skill as defined in a KSAO?
A. Changing an oil filter
B. Ability to prioritize
C. Being punctual
OD. Holding a college degree
An example of a skill as defined in a KSAO is A. Changing an oil filter.
What are skills in a KSAO?Knowledge, Skills, Abilities, and other characteristics (KSAO) are those things that are needed to perform a job.
Being able to change an oil filter is a skill because it is something that has to be learned and practiced overtime to perfect. The other options are knowledge and abilities.
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Brockman Corporation's earnings per share were $3.50 last year, and its growth rate during the prior 5 years was 11.6% per year. If that growth rate were maintained, how many years would it take for Brockman's EPS to triple?
Select the correct answer.
a. 12.41
b. 10.01
c. 2.81
d. 7.61
e. 5.21
It would take 10.01 years for Brockman's EPS to triple.
What is future value?
The future value of the current earnings per share of $3.50 is its future worth in future years if it continues to increase at its growth rate of 11.6%, hence, based on the future value formula for a single cash flow below, we can determine the number of years it takes the EPS to triple:
FV=PV*(1+r)^N
FV=tripled EPS=$3.50*3=$10.50
PV=present EPS=$3.50
r=annual growth rate=11.6%
N=number of years it takes EPS to triple=unknown
$10.50=$3.50*(1+11.6%)^N
$10.50/$3.50=(1+11.6%)^N
3=1.116^N
take log of both sides
ln(3)=N ln(1.116)
N=ln(3)/ln(1.116)
N=10.01
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What amount of capital can eskom raised
According to S&P Global, Eskom's can fund its 2023 financial estimated budget funding requirements for as much as 45 billion rand ($2.64 billion).
This represents about 15 billion rand increment from a previously estimated 30 billion rand, due to lower revenues and higher costs.
What is Eskom?Eskom is a South African company with interests in public electricity. It was founded in 1923 as the Electricity Supply Commission and was also referred to its Afrikaans name. Eskom represents South Africa in the Southern African Power Pool.
According to its projections for its 2023 financial year budget, the company were expected to fund their budget with about 30 billion rand. However, there is a possible increment in its financial budget to about 45 billion rand which represents an additional 15 billion rands.
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