In the market for steak, equilibrium price will fall, and equilibrium quantity will fall.
The equilibrium quantity of a good is that which corresponds to the point where the supply and demand curves intersect in the market, at a given price. Therefore, we can say that it is the quantity that producers are willing to sell, and consumers are willing to buy. All this at a price that allows both parties to agree. This, in turn, is the equilibrium price of a perfectly competitive market. In this theoretical situation there is no shortage or excess in the market.
In it, there is a supply curve (O) and a demand curve (D). For simplicity, we use the equation of the line. Both represent all producers and consumers. Therefore, they are the production and consumption preferences of a type of good.
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a plan that focuses on ongoing activities designed to achieve an enduring set of goals is called a . start-up plan single-use plan standing plan rotational plan activation plan
Standing plan is a plan that focuses on ongoing activities designed to gain long lasting set of goals.
A business plan that is meant to be utilized repeatedly is known as a standing plan. It is intended to direct managerial choices and actions that frequently occur. It is employed over an extended length of time, occasionally forever, and is modified as needed. Standing plans typically include rules, regulations, and procedures that specify what to do in specific circumstances or what must be done to achieve a specific goal. Standing plans help the organization coordinate because they promote uniformity and consistency. Because the norms and procedures pertaining to the task have previously been defined, they enable senior employees to reliably assign work to subordinates.
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Which of the following courts have jurisdiction to review local bankruptcy claims?
Federal
Military
Local
State
Federal courts have jurisdiction to review local bankruptcy claims
Only federal courts have jurisdiction over cases concerning bankruptcy on a personal, business, or agricultural level. As a result, no bankruptcy case may be filed in a state court. People or businesses that are unable to pay their obligations have two options: they can file for bankruptcy and request a court-supervised liquidation of their assets, or they can restructure their finances and come up with a strategy to pay off their debts.
Federal courts can only consider things that are specifically permitted by the US Constitution or federal legislation since they only have limited jurisdiction. Only federal courts are qualified to interpret laws, determine their constitutionality, and apply them in particular circumstances.
They decide if a crime was committed and the severity of the punishment. They also provide a calm way for people to resolve personal conflicts that they are unable to resolve on their own. Some disputes or offenses are dealt with in state courts, while others are dealt with in federal courts.
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Why does the PRO author begin the article by describing the American Recovery Act?
(A) to illustrate that raising the minimum wage cannot solve the problems for workers if inflation is high
(B) to illustrate that raising the minimum wage is not the only solution to the U.S. worker shortage
(c) to highlight evidence to support the idea that raising the minimum wage would have positive effects
(D) to highlight evidence to support the idea that some laws make it too hard to raise the minimum wage
The reason why the PRO author begin the article by describing the American Recovery Act is that (A) to illustrate that raising the minimum wage cannot solve the problems for workers if inflation is high.
What is American Recovery Act ?American Recovery Act can be described as the act that was signed by president Obama so as to give unprecedented action so that the economy of the united states of America can be stimulated.
It should be noted that the PRO author begin the article with the description of the American Recovery Act to emphasis on the problem wit the minimum wage .
Therefore, option A is correct.
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a passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business).
The statement a passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business) is: True.
What is passive activity?Passive activity can be defined as the way in which a person does not participate in the day to day running of a business operation or does not actively engage in the running of a business.
On the other hand non-passive activity is the reverse of passive activity in which a person involve themselves in the running of a business or take part in the running of a business.
Therefore we can conclude that the statement is true.
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The complete question is:
A passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business).
True /False
the traditional 401(k) plans will generate (higher/lower) after-tax rates of return than the roth 401(k) plans when taxpayers' marginal tax rates decrease from the time of the contribution to the time of the distribution.
The traditional plans will experience a higher after-tax rate of return under the standard 401(k). when taxpayers' marginal tax rates decrease from the time of the contribution to the time of the distribution.
What is marginal tax rate?
The amount of additional tax paid for each new dollar of income received is known as the marginal tax rate.With a marginal tax rate of 10%, tax would be deducted from the following dollar of income at a rate of 10%.
Plan than under the Roth 401(k) plan if her marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution. The retirement savings programs, known as traditional and Roth 401(k)s, contain differences that are crucial for you to comprehend.
Contributions to a traditional 401(k) are made before taxes, therefore withdrawals are taxed. Since Roth 401(k) contributions are made after tax, there is no tax on withdrawals.
Jenny will earn a higher after-tax rate of return if she chooses option A because her marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution. return on the standard 401(k) plan than on the Roth 401(k) plan due to the fact that, as was mentioned in the paragraph above, Roth 401(k) withdrawals are tax-free (k).
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when calculating the total amount of manufacturing overhead to allocate to a particular job, the company would multiply each departmental overhead rate by and then together the allocated amounts from each department.
The company would multiply each departmental overhead rate by and then together the allocated amounts from each department, the actual amount of the plantwide allocation based used by the job; multiply.
Overhead rate
The overhead rate is a cost that is incurred during the manufacturing of a product or service. Overhead expenditures, such as corporate office costs, are expenses that are not directly tied to production. An overhead rate is utilised to direct production expenses in order to allocate overhead costs by spreading or distributing overhead costs based on specific measures. For example, overhead expenses may be applied at a predetermined rate based on the number of machine or human hours necessary for the product.
Divide the indirect costs by direct costs and then multiply by 100 to get the overhead rate. If your overhead rate is 20%, it signifies that your company spends 20% of its sales on manufacturing or providing services. A reduced overhead rate means greater efficiency and profits.
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you project investment is $185,000 and the project's discounted cash flow is $65,000. what is the project's profitability index? select one: a. 2.15 b. 2.05 c. 1.25 d. 0.35
According to the solving the profitability index of the given data is = 0.35
What does profitability mean in layman's terms?By contrasting a company's revenue and its outgoing costs, one can assess its profitability. A more efficient business will make more money relative to its costs than a less efficient one, which would have to spend more to make the same amount of money.
What makes profitability index so crucial?An investment's ranking and the best investment to make are determined by the profitability index. PI greater than one denotes that the investment will generate profits since the present value of its expected future cash inflows exceeds its initial investment.
According to the given data:project investment is $185,000
discounted cash flow is $65,000
We know that :
profitability index = Present value/initial value
= 185000/65000
= 0.35
The profitability index of the given data is = 0.35
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a manager has been asked to approve a marketing campaign that promotes food products to children and is concerned that the food products are not particularly nutritious, although they are not as bad as the products sold by competitors. the ethical decision-making metric will allow the manager to
The ethical decision-making metric will allow the manager to Disregard personal ethical considerations in the decision-making process.
In psychology, decision-making (also spelled decision making and decisionmaking) is considered the cognitive method resulting in the choice of a belief or a course of action among many potential various options. It can be either rational or irrational. The decision-making process could be a reasoning process supported by assumptions of the values, preferences, and beliefs of the decision-maker. Every decision-making process produces a final choice, which can or might not prompt action.
Research regarding decision-making is additionally printed below the label problem solving, notably in European psychological research. Decision-making can be regarded as a problem-solving activity yielding an answer deemed to be optimal, or a minimum of satisfactory. it's so a process that may be a lot or less rational or irrational and can be based on explicit or tacit knowledge and beliefs.
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to influence government policymakers' actions, an information strategy involves: group of answer choices business leaders speaking before government policymakers. government policymakers hiring special interest groups for fact-finding projects. businesses listening to government policymakers in order to develop a corporate strategy. gaining support from other affected organizations.
To influence government policymakers' actions, an information strategy involves business leaders speaking before government policymakers.
A person, mainly in a central authority or political party, who makes a decision on new rules: U.S. Policymakers are pressured to make tough selections among country-wide protection and domestic priorities. This is the main difficulty that no longer had numerous interests from policymakers. See. Coverage-making. Modern policy-making must be designed around results; be inclusive and truthful; involve others within the technique; keep away from unnecessary burdens on business, and emerge as more forward- and outward-searching. Policy-makers are individuals at few stages of government or decision-making organization, consisting of however no longer constrained to international businesses, non-governmental corporations, or professional associations, who have responsibility for making tips to others.
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Dane stores begins the year with $30,000 of dvd inventory. It purchases dvds worth $80,000 during the year. The cost of goods sold for the year is $70,000. What is the amount of ending inventory?.
The amount of ending inventory is $40,000.
Ending inventory can be defined as the total value of goods you have available for sale at the end of an accounting period, like the end of your fiscal year. Ending inventory is an inventory accounting method that helps retailers benchmark net income, run accurate stock checks, and obtain financing.
The formula of ending inventory, is:
Total cost of goods available for sale - cost of goods sold = ending inventory
Ending inventory = $30,000 +$80,000-$70,000 = $40,000
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The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as?.
Big data refers to both the expanding amount of information that daily inundates businesses and the sophisticated tools used to analyze it and produce valuable insights.
Describe Big Data.Big data describes data sets that are too big or intricate for conventional data-processing application software to handle. Greater statistical power is offered by data with more fields (rows), whereas data with more attributes (or columns) may have a higher false discovery rate.
Data collection, data storage, data analysis, search, sharing, transfer, visualization, querying, updating, information privacy, and data source are just a few of the big data analysis challenges.
Volume, variety, and velocity are the three main ideas that were initially connected to big data. Big data analysis makes sampling difficult, previously only allowing for observations and sampling. Veracity, the fourth concept, denotes the accuracy or value of the data.
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which statement is true? a competitive market pushes the quantity produced to its efficient level. when the efficient quantity is produced, consumer surplus is minimized. when the efficient quantity is produced, producer surplus is minimized. when supply is greater than demand, producer surplus is less than consumer surplus.
It is accurate to say that a competitive market drives production to its optimal level.
In a competitive market, consumer surplus is maximized when the efficient amount is generated.The sum of the consumer and producer surpluses, or the total surplus, is maximized at the efficient quantity. This is the case because the market sets prices that are equivalent to the marginal cost of manufacturing the final unit.
When is the productive quantity produced?The quantity of a good that causes the marginal benefit from it to equal the marginal cost of producing it is known as the effective quantity. Increased quantity will result in more effective resource usage if marginal gain outweighs marginal cost.
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The market for baking flour has changed over time such that there are more substitutes on the market. If the price of baking flour goes up, the decrease in quantity demanded will be _____ as compared to before.
The market for baking flour has changed over time such that there are more substitutes on the market. If the price of baking flour goes up, the decrease in quantity demanded will be more as compared to before.
How do substitute goods affect the price?The consumer has additional options thanks to substitutes. Demand for the replacement good is expected to increase if the price of the original good goes up. Substitutes, therefore, have a favorable cross-elasticity of demand.
Products that meet an equivalent need or desire are substitutes. a. Demand for a product's substitute will rise as the price of that good rises, while demand for that good's substitute will fall when the price of that good falls.
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in-group members . a.get more information from leaders b.do their jobs and nothing more c.have low-quality leader-member exchanges d.are focused on themselves rather than the team
Members in the group get more information from the leader.
Understanding leadership is an ability or strength within a person to lead and influence others in terms of work, where the goal is to achieve predetermined targets. While the notion of a leader is someone who is trusted as the chairman (head) in a system in an organization/company. That way, a leader must have the ability to guide and influence a person or group of people.
The goal of leadership is
Means to Achieve Goals, by paying attention to whether the goals are achieved or not and how to achieve these goals, we can find out the leadership spirit of a person.Motivating Others, in other words, a good leader is a leader who can motivate followers/subordinates to achieve the desired goals.You can learn more about leadership here brainly.com/question/28487636
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What are Common Tasks for Recreation Workers?
Answer:
•Plan, organize, and lead activities for groups or recreation centers.
•Explain the rules of activities and instruct participants at a variety of skill levels.
•Enforce safety rules to prevent injury.
•Modify activities to suit the needs of specific groups, such as seniors.
you will be placed in a group of four to six students and will select a role to act out within the team. roles will be selected first come, first served. each team will consist of the following roles: one scrum master one product owner one or more testers one or more developers
The Scrum team is primarily made up of the three positions of the Product Owner, Development Team, and Scrum Master.
Nobody besides the core team has any direct power over the Team. Each of these Scrum roles has a fairly defined set of duties, which we will go over in more detail later on in this lesson. Let's concentrate on the qualities of the Scrum Team as a whole and the optimal team size under this part.
Self-organized Scrum Teams are capable of completing their tasks on their own without the aid of outside assistance or direction. The teams are capable of implementing best practices to meet their sprint goals.
Cross-functional Scrum Teams are those teams that have all the expertise and abilities required to complete their work within the team. These teams finish their work items independently of anyone else. As a result, the Scrum Team is a very inventive synthesis of the many abilities needed to finish the entire work item.
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frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon personal relationships. this type of power is known as:
The type of power based upon position and instead resort to persuading others based upon personal relationships is known as referent power.
Referent power can be defined as a type of power that stems from a leader's ability to inspire and influence others. Referent power comes from the extent to which people respect, admire and like a specific leader.
Four types of referent power, are:
Expert, can be defined as a power derived from knowledge or skill.Referent can be defined as a power derived from a sense of identification others feel toward you.Reward can be defined as a power derived from an ability to reward others.Coercive can be defined as a power derived from fear of punishment by others.Learn more about explicit power here https://brainly.com/question/14786498
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when managers consider , they think of information systems as a competitive asset to be nurtured and invested in and think of them as an enabler of opportunities and mechanism for supporting or executing their business model. question content area bottom part 1 a. business/it alignment b. value proposition c. organizational learning d. capabilities e. automation
Option (a) business/ IT alignment is correct.
When managers consider business/ IT alignment, they think of information systems as a competitive asset to be nurtured and invested in and think of them as an enabler of opportunities and mechanism for supporting or executing their business model.
What is business/ IT alignment?In the process of business-IT alignment, an organization employs information technology to accomplish business goals, such as increased financial performance or competitiveness.The fact that it is culturally complex makes it challenging to achieve meaningful IT-business alignment. Hanging value-based posters and encouraging department meet-and-greets may seem like simple ways to improve the culture, but these initiatives rarely work. Instead, achieving alignment calls for planning.In order to satisfy key performance indicators and achieve business transformation goals and objectives, such as enhancing customer service or creating new revenue streams, IT-business alignment makes sure that the organization has access to the correct technology at the right time.Learn more about business-IT alignment here:
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several years ago, minjun, who is single, acquired § 1244 stock in blue corporation at a cost of $60,000. he sells the blue stock for $5,000 in the current year.
If Minjun acquired § 1244 stock in Blue Corporation at a cost of $60,000 and sells the Blue stock for $5,000 so the ordinary loss of $50,000. In the other side, the capital loss of $5,000.
Stocks are one of the most popular forms of money market instruments today. Shares which are also called securities or stock become securities that state proof of ownership of a company or business entity. Shares can also be interpreted as a sign of capital participation of a person or business entity as a certain party in a company or limited liability company. By including capital, the party has a claim on the company's income, assets, and is entitled to attend the general meeting of shareholders.
Another definition of stock is something of value from a company in the form of a Limited Liability Company or an Issuer that is used to transport shareholders. So, someone who invests by buying shares of a company then he is instinctive to become the owner or officer of the company's shares.
The calculation:
Total loss on the sale = $60,000 - $5,000
Total loss on the sale = $55,000
So, the first $50,000 receives ordinary loss treatment and excess $5,000 is capital loss.
Several years ago, Minjun, who is single, acquired § 1244 stock in Blue Corporation at a cost of $60,000. He sells the Blue stock for $5,000 in the current year. Determine the amount and nature of Minjun's gain or loss recognized this year.
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to more quickly respond to customer needs, urban insurance co. is changing its organizational structure to give more authority and responsibility to field managers located across the country. these managers spend time with customers and know what the customers need right away. it appears that the company is moving toward a more structure.
The company is moving towards a more decentralized organizational structure to give more authority and responsibility to field managers located across the country.
Decentralized organizational structures give critical decision-making responsibilities to senior managers and project managers, freeing up top management and firm owners to concentrate on strategic planning and big-picture choices.
A decentralized organizational structure contrasts with a centralized one, in which senior executives start all critical decisions and pass them down a chain of command.
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if inflation is 15 percent per year and you receive a 11 percent raise in income, then your: a) real and nominal income both fall. b) real and nominal income both rise. c) real income falls, but nominal income rises. d) real income rises, but nominal income falls.
If inflation is 15 percent per year and you receive a 11 percent raise in income, then your real income rises, but nominal income falls.
Inflation is the process of an event, not the highs and lows of the price level. That is, the price level that is considered high does not necessarily indicate inflation. Inflation is an indicator to see the level of change and is considered to occur if the process of price increases takes place continuously and influences each other.
The term inflation is also used to mean an increase in the money supply which is sometimes seen as a cause of rising prices. There are many ways to measure the rate of inflation, the two most commonly used are the CPI and the GDP Deflator.
Inflation can be classified into four groups, namely mild, moderate, severe inflation, and hyperinflation. Mild inflation occurs when price increases are below 10% a year; moderate inflation between 10%-30% a year; weight between 30%—100% a year; and hyperinflation or uncontrolled inflation occurs when price increases are above 100% a year. Inflation is measured by calculating the percentage change in a price index.
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when consumers have favorable emotions toward a sport organization or athlete, sport sponsors want that emotional involvement to the sponsor's brand.
The statement that "When consumers have favorable emotions toward a sports organization or athlete, sports sponsors want that emotional involvement to the sponsor's brand" is True.
What is the meaning of this statement?This statement simply means that brand sponsors often want fans to transfer the love that they have for a given organization to them. From the words of the text, it is quite evident that the motive of brand sponsors is usually to share the love that the fans have for their favorite organization.
Often sponsors clamor to fund certain sporting activities. They also display their brands as close associates with a particular sporting club.
Fans tend to have a strong love for people who support them and associate with their favorite clubs, so we can conclude that it is true that sports sponsors want the emotional involvement of the fans transferred to the sponsor's brand.
This is a true or false question and the answer to the prompt is True.
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to maintain financial stability, people should know how much credit they can comfortably tolerate. the debt safety ratio is a computation that defines one’s monthly loan repayment burden. it compares loan obligations to income. the formula for the debt safety ratio is: debt safety ratio
The debt safety ratio is the ratio of monthly consumer debt payments to the monthly take-home pay, expressed as a percentage. Lending institutions such as banks and credit card companies use debt safety ratios and other financial met.
“consumers, with the aid of definition, encompass us all," stated President John F. Kennedy, providing his definition to us Congress on March 15, 1962. This speech became the premise for the creation of global consumer Rights Day, now celebrated on March 15. In his speech: John Fitzgerald Kennedy outlined the crucial obligation to consumers from their respective governments to help work out customers' rights. A client is a person or a group who intends to order, or uses purchased items, merchandise, or services basically for non-public, social, circle of relatives, family, and comparable needs, who isn't always immediately associated with entrepreneurial or business sports. The time period most usually refers to someone who purchases goods and services for personal use.
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The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as?.
This is known as Big Data that contains greater variety, arriving in increasing volumes and with more velocity. Put simply, big data is larger, more complex data sets, especially from new data sources.
The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as Big Data.
What is data?
The term “data” refers to such kinds of information. Data is a set of information, facts, images, and numbers. The data is a methodical record of the built-in data file. The data are the always recorded into the electronic devices. The data are to share with different file, but share safely because hacker are the smart.
The term big data refers to the contains the variety of the data are the complex. It was also the increased the data of the volume. It was are the more velocity. Big data rare the complex in the too much information are the gather. It was the Semi-Structured Data, Structured Data and the Unstructured Data.
As a result, the big data was the growth of the information are the business are the very complex tool.
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manufacturing overhead consists of all a.manufacturing costs other than direct materials. b.manufacturing costs other than direct materials and direct labor. c.costs other than direct materials and direct labor. d.costs other than direct materials.
Manufacturing overhead includes all production costs other than direct materials and direct labor.
The answer is option B.
Manufacturing overhead is oblique substances, oblique labor, and manufacturing unit overhead.
The costs which aren't directly traceable to every product manufactured are referred to as the producing overhead.
Manufacturing overhead no longer consists of any of the selling or administrative capabilities of a business. thus, the costs of such gadgets as company salaries, audit and legal costs, and horrific money owed are not protected in manufacturing overhead.
Overhead costs are all prices on the income assertion besides for direct exertions, direct substances, and direct fees.
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lego is a famous compnay in the city. the company id due for auditing in the upcomeing days. during the auditing details of the eomployees will be verified, but only for selected emplyees. manually collecting the details will be diffculyt
One of the most well-known companies in the world when it comes to children's toys is LEGO, which has been around since 1932.
In the city, Lego is a well-known brand. In the following days, the firm will be subject to an audit. Only a few workers will have their personal information checked during the audit. It will be tough to manually gather the information. Therefore, assist them in printing the employee information as needed.
The information about the personnel must be printed in accordance with their pay. Using Lambdas, assist them in writing a Java application to identify the workers whose pay is less than or equal to the amount stipulated by the auditors.The Lego Corporation aims to identify any workers whose pay is below or on par with the amount determined by the auditors.Learn more about Lego Corporation, here
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when a company acquires assets by issuing debt or equity securities, the first indicator of fair value is the multiple choice question. fair value of the assets received. net present value of assets received. fair value of the debt or equity securities given. book value of the assets received.
when a company acquires assets by issuing debt or equity securities, the first indicator of fair value is fair value of the debt or equity securities given.
What are Features of debt securities?Debt securities are tradable financial products, which means that buyers and sellers can exchange them on the open market. They have a face value, maturity date, coupon rate, and issue date that are all specified. Debt securities ensure principal repayment as well as regular interest payments.equity instruments. The term "equity" nearly always refers to stocks and a portion of a company's ownership.
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n 1904, the first putting green championship was held. the winner's prize money was $140. in 2016, the winner's check was $1,171,000. (do not round intermediate calculations.)
The percentage increase per year in the winner's check over this period is
x=8.398%
This is further explained below.
What is the future value,?Generally, A present asset's future value, abbreviated as FV, is the value that the asset is expected to have at some point in the future, based on a projected rate of growth.
Because investors and financial planners use it to predict how much money an investment made now will be worth in the future, the future value is very significant to these professions.
The formula for determining the future value is as follows: FV = PV(1+i)n, where the present value PV is increased by a factor of 1 + I for each period that is added to the future. In order to calculate FV, the future value calculator takes into account a number of factors, including the following: The whole amount of the present value.
In conclusion,
A=P(1+r/100)^n
Therefore
1171000.=140*(1+r/100)^112
(1171000/140)^(1/112)=(1+r/100)
(1+r/100)=1.0839810
=8.398%
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CQ
In 1904, the first Putting Green Championship was held. The winner's prize money was $130. In 2016, the winner's check was $1,180,000. (Do not round Intermediate calculations.)
a. What was the percentage increase per year in the winner's check over this period?
Question 1
Which of the following accurately describes a budget?
O It is what you make in income
O It is the difference between what you make in income and what you borrow in
credit
It is how you spend your money
It is what you make in income and where it goes (how you spend it)
Budget is what you make in income and where it goes (how you spend it).
What do you mean by budget?An income- and expense-based spending plan is referred to as a budget. In other words, it's an estimation of the amount of money you'll earn and spend over a specific time frame, like a month or a year. (Or, if you're keeping track of the income and expenses for every member of your household, that's a family budget.)
What are the uses of budget?Financial stability is facilitated by a budget. A budget makes it simpler to save for significant expenses like a car or home by keeping track of spending and sticking to a plan. It also makes it easier to pay bills on time and to accumulate an emergency fund. Overall, having a budget helps a person's financial situation, both now and in the future.
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a firm which produces replicas of famous paintings of reputed and great artists has as its target customers: socialites, celebrities, and the hospitality industry. what type of market segmentation is used in this case?
The firm that produces replicas of famous paintings of reputed and great artists has as its target customers which are socialites, celebrities and the hospitality industry is using the type of market segmentation called a benefit segmentation.
What is a market segmentation?In marketing, a market segmentation refers to the marketing strategy that helps to creates subsets of a market based on demographics, needs, priorities, common interests, psychographic data etc to have a better understand the target audience.
Under market segmentation, the benefit segmentation as a branch, involves the categorizing of target audience based on the value they'll receive from your product or service because different customers often seek different value propositions from the same product or service.
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