trade "deadweight loss" Consumers suffer from higher costs as a result of trade restrictions including tariffs, quotas, and nontariff barriers, while import-competing producers gain.
Why does protectionism reduce trade value in a deadweight manner?Furthermore, there is deadweight loss since consumers lose more as a result of tariffs than producers do. Additionally, since redistributions brought on by tariffs frequently result in vested interests, harm frequently continues. Additionally, widespread protectionism may lead to retaliation, which raises prices in other areas.
What causes a loss of deadweight?Deadweight losses are generally caused by an inefficient distribution of resources, which is brought about by a variety of interventions, including price floors, ceilings, monopolies, and levies. These elements cause a product's price to not be appropriately reflected, which results in products.
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In 2020, james incurred total qualified medical expenses of $6,650. His 2020 agi was $40,000. In 2021, he received a partial reimbursement of these expenses in the amount of $4,200 from his insurance company. He claimed the standard deduction in 2020. How much of this reimbursed amount must james report as gross income on his 2021 tax return?
If in 2021, he received a partial reimbursement of these expenses in the amount of $4,200 from his insurance company. The amount of this reimbursed amount that james must report as gross income on his 2021 tax return is : $4,200.
What is gross income?Gross income can be defined as the total amount of money a person is expected to receive before any deduction.
Since we were told that he received the amount of $4,200 as partial reimbursement of the expenses from the insurance company which means that the reimbursed amount he will have to report in his 2021 tax return as gross income will be the amount of $4,200.
Therefore the reimbursed amount is $4,200.
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when current output is greater than potential output, which of the given monetary policies is the federal reserve (the fed) likely to enact? decreasing reserves to increase interest rates increasing reserves to decrease interest rates stimulating consumer spending by manipulating tax rates making imports more costly to increase domestic spending
When the economy is "overachieving," there is a positive output gap, which happens when actual output exceeds potential output.
when actual output exceeds potential output? When the economy is "overachieving," there is a positive output gap, which happens when actual output exceeds potential output.This may be possible in the short term, but it is uncommon and ultimately unsustainable over time.The government's primary contractionary measures are increasing the Federal Reserve Rate, raising bank reserve requirements, and selling public debt.Circulation of coins and paper money.Increases excess reserves, encourages banks to extend more credit, and boosts the amount of money in circulation.Modifying the amount of money in an economy involves contractionary and expansionary strategies.An economy's money supply rises as a result of an expansionary policy.Contrarily, a contractionary policy reduces the money supply in a nation.To learn more about potential output refer
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What does oligopoly mean in marketing?
A market with an oligopoly has a small number of businesses that are aware of their interdependence in terms of price and production strategies.
Exactly what is oligopoly?An oligopoly develops when a small group of significant producers or sellers control a considerable portion of the market or an entire industry. Oligopolies are frequently created as a result of the goal to maximize profits and can result in corporate cooperation. The results include less competition, higher consumer prices, and lower employee compensation.
Some of the businesses that have been labeled as oligopolistic include civil aviation, energy suppliers, telecommunications firms, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacturing.
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If bonds from deegan pharmaceuticals are selling at 104. 682, which broker will give diana the better deal, and by how much?.
Broker Q imposes a fixed fee of $32.50 for each bond acquired, whereas Broker P assesses a commission of 4.4% of the bond's market value.
Which broker will offer Diana a better deal, and by how much, if Deegan Pharmaceuticals' bonds are selling for 104.682? Diana will receive a better bargain from Broker P. Diana is looking for a broker to assist her in buying a $1,000 par value corporate bond from Deegan Pharmaceuticals. Broker Q imposes a fixed fee of $32.50 for each bond acquired, whereas Broker P assesses a commission of 4.4% of the bond's market value. Sylvia will pay $156.02 less for Broker U's bond bundle than for Broker V's. Diana is attempting to pick a broker.
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What are three examples of artificial intelligence?
One of the most prevalent examples of artificial intelligence (AI) in daily life is found in Siri, Alexa, and Cortana.
How does artificial intelligence work?Artificial intelligence is when machines, digital computing systems, simulate human intelligence operations. Expert systems, NLP, voice recognition, and computer vision are a few examples of specialized AI applications.
What is artificial intelligence's core tenet?The foundation of artificial intelligence is the idea that human intelligence can be described in a way that makes it simple for machines to duplicate it and carry out activities of all complexity levels. Simulating human cognitive function is one of artificial intelligence's objectives.
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The internal control procedures in Dayton Company result in the following provisions.Identify the principles of internal control that are being followed in each case.(a) Employees who have physical custody of assets do not have access to the accounting records.Select the principle of internal control Independent internal verificationDocumentation proceduresEstablishment of responsibilityPhysical controlsHuman resource controlsSegregation of duties(b) Each month, the assets on hand are compared to the accounting records by an internal auditor.Select the principle of internal control Human resource controlsPhysical controlsEstablishment of responsibilityDocumentation proceduresSegregation of dutiesIndependent internal verification(c) A prenumbered shipping document is prepared for each shipment of goods to customers.Select the principle of internal control Physical controlsIndependent internal verificationHuman resource controlsSegregation of dutiesDocumentation proceduresEstablishment of responsibility
(a) Employees who have physical custody of assets do not have access to the accounting records - Segregation of duties
(b) Each month, the assets on hand are compared to the accounting records by an internal auditor - Independent internal verification
(c) A prenumbered shipping document is prepared for each shipment of goods to customers - Documentation procedures
What is the segregation of duties?The idea of assigning a task to more than one person is known as separation of duties. Organizations use it as an administrative measure to guard against security breaches such as fraud, sabotage, theft, and information misuse.
Everyone in the business has access to the documents that describe your documented procedures. They detail every action that must be taken and consistently repeated for specific tasks.
Data prepared by employees is examined, compared, and reconciled as part of independent internal verification. Verification should be conducted on a routine basis or on an unexpected basis.
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You have just been hired as a business consultant to determine what pricing policy would be appropriate to increase the total revenue of a therapeutic massage spa. the first step you would take would be to?
Option C. is correct, The ratio of the percentage change in the amount supplied to the percentage change in the product's price can be used to compute the price elasticity of supply.
A supply's price elasticity is equal to its quantity supplied as a percentage of price change. Supply is elastic when the price elasticity of the market is greater than 1. Use this formula to determine the price elasticity of supply: The percentage change in quantity supplied divided by the percentage change in price is known as price elasticity of supply, or PES. = ((New Price - Old Price)/(Old Price) / ((New Quantity Supplied - Old Quantity Supplied)/(Old Quantity Supplied)).
Suppose you have just been hired as a business consultant to determine what pricing policy would be appropriate to increase the total revenue of a therapeutic massage spa. The first step you would take would be to:
a. Reduce staff in order to reduce operating costs
b. Determine the price elasticity of demand for massages
c. Determine the price elasticity of supply for massages
d. Increase the price of all massages
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What are the 4 types of pricing?
Small business owners frequently employ four different pricing strategies: demand pricing, markup pricing, competitive pricing, and cost-plus pricing.
- Competitive pricing is the practise of proactively selecting price points for your goods or services based on competitors pricing in your market or niche. It differs from basing prices merely on business costs or target profit margins.
- Demand pricing is the process of setting a price based on the relative demand for the good, as shown by the elasticity of the product's demand.
- The difference between an item's selling price and the cost to produce and market it for sale is referred to as "markup pricing." The markup is typically specified as a fixed percentage, and it is calculated by adding that % to the item's real cost.
- Cost-plus pricing involves increasing the product's unit cost by a predefined fixed percentage to calculate the selling price of the product (referred to as a "markup").
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in the diagram to the right, point a provides the _____, point b the _____, and point c the _____.
In the diagram on the right, points a and b represent the equilibrium price and market equilibrium while points c represent the equilibrium quantity.
The equilibrium price, which is obtained when the quantity of the good that consumers prefer to buy, or quantity requested, equals the quantity that producers wish to sell, or quantity provided, is the only price at which consumer and producer plans can be reconciled. This common quantity is referred to as the "equilibrium quantity." When supply and demand, for instance, are balanced and the values of other economic variables do not change in the absence of outside forces, the economy is said to be in equilibrium. For instance, equilibrium occurs in the traditional text ideal competition when the quantity demanded and the quantity supplied are equal. Economic equilibrium is a state that an economic player cannot change by any method.
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Movements toward sustainability and corporate responsibility often
A.
include monetary support of local schools and charities.
B.
include green initiatives.
C.
result in increased demand for the company's product or service.
D.
All of the above are correct.
All of the following relate to part of the value chain for a clothing company except
A. administrative costs. B. cost of shipping products to retailers. C. salaries of clothing designers. D. cost of advertising new products.
All of the following relate to part of the value chain for a clothing company except administrative costs. The correct options are D and A respectively.
What are the relationship of sustainability and corporate responsibility?CSR and corporate sustainability both concentrate on assisting businesses in operating in a way that enables them to be profitably ethical—never at the expense of others. Companies can have a positive impact on their surroundings through CSR and corporate sustainability. These two ideas are connected in several ways.
Movements toward sustainability and corporate responsibility often include monetary support for local schools and charities, include green initiatives, and result in increased demand for the company's product or service.
Thus, the ideal selections are options D and A respectively.
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Why was Agile Manifesto developed?
The manifesto itself were beginning to realize that there was something they were doing in common, and so they sought to discover a common ground between scrum, extreme programming, incredibly clear, and other frameworks.
We write manifestos for what reason?An manifesto is a statement that is produced explaining the beliefs and strategies of an individual or group. These essays act as extended thesis statements that present individual viewpoints in an effort to persuade readers.
What is a student manifesto?Your manifesto is one of the most essential issues you'll need to organize as a candidate. It's vital to choose what fits into your manifesto because it gives you the chance to introduce yourself to students and explain why they need to vote for you and what you'll do if you're elected.
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Do sales taxes fund federal state and local government?
The federal government does not tax real estate or impose a national sales tax. Instead, it nearly exclusively collects money from income levies.
Do sales taxes support local, state, and federal government funding?The three primary sources of tax revenue for state and municipal governments are income, sales, and property taxes. While sales and property taxes provide for the majority of state tax revenue, property taxes still serve as the primary financing source for local governments, including school districts.
Where does sales tax money go?States and local municipalities utilize sales taxes, although they differ from jurisdiction to jurisdiction, to raise money. Sales taxes are levied on the majority of goods and services in 45 states, Washington, D.C., and Puerto Rico, frequently as a fixed rate.
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question content area which of the following should be shown on a statement of cash flows under the financing activities section? a.the purchase of a long-term investment in the common stock of another company b.the issuance of a long-term note to acquire land c.the payment of cash to retire a long-term note d.the proceeds from the sale of a building
Bond issuance would be noted in the Financing Activities section of a statement of cash flows.
Where is reporting on financial activities done?The cash flow statement's financing activity focuses on how a company obtains capital and returns it to investors via capital markets. Along from paying cash dividends, adding or altering debts, and issuing and reselling more stock, these actions also include these. The quantity of short-term or long-term liabilities that a company reports on its balance sheet depends on its financing activities. Financial commitments that must be repaid within a year are referred to as short-term liabilities and are listed in the balance sheet's current liabilities column. Examples of financing activities include issuing bonds and shares, taking out loans, paying off debt, repurchasing shares, etc. Analysts and investors view a company's capital structure as a key barometer of its financial health because it is immediately impacted by these actions.
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what portion of the purchases in september, before purchases returns and allowances and before purchases discounts, were for clothing items? include ski boots as a clothing item.
Receipt of Credit Memo 164 for $1,000 from Boulder Skate Shop for exchange of initially purchased but damaged ski boots
What is discount and types of discount?Discount lowers the product's selling price, making it more enticing to customers. Price decrease influences the buyer's decision to buy through having a psychological impact on them. The two types of discounts available are trade discount and cash discounts.
Why are discounts used?The first step in the client acquisition process is creating awareness and interest, and coupons are a tried-and-true method to do so. Discounts attract customers and frequently spread through phrase, which is a successful strategy for reaching new customers while minimizing customer acquisition costs.
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What is the relationship between GDP and inflation?
GDP growth over time results in inflation, which, if unchecked, could eventually turn into hyperinflation.
What is hyperinflation?Hyperinflation is the phrase used to describe exceptionally high inflation that is constantly rising in the economics world. The real value of local currency is rapidly lost as prices rise for everything. As a result, people retain less of that currency and often move to other, more stable currencies. A sharp and persistent increase in money supply, nominal cost of goods, and nominal pricing of goods is a sign of hyperinflation. Contrastingly, moderate inflation is characterized by a steady increase in prices that is generally not noticeable until historical market prices are examined. Hyperinflation and fiscal stress on the government are typically linked to a decline in aggregate supply, an increase in export prices, or other problems that make it difficult for the government to collect taxes.
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What are the risks of protectionism?
A rise of trade protectionism would not only seriously impede trade flows and global demand, but it would also seriously hinder the path of global recovery.
What dangers do protectionism pose?Reduced commerce, higher pricing for particular items, and a sort of subsidy for protected industries are the major effects of protectionism. Jobs in other areas are expected to be lost, but some jobs in these industries might be kept.
What are protectionism's harmful effects?The advantages of prior trade liberalization would be lost if global protectionism became widespread (see above). Real incomes would decrease globally, and there would be a chance that the availability of goods and services would decrease.
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What is a series of commands that we can use to automate a repeated task and can be run when we have to perform the task?
With Microsoft Excel's Macro Recorder, you can record a series of macro commands to automate a repetitive process. Consider a situation where you have dates in a variety of formats and wish to give them all the same formatting.
You can do that using a macro. You can create a macro using the format you like, record it, and then play it back as needed. The macro recorder records each step of a macro as code written in Visual Basic for Applications (VBA). These actions may involve entering text or numbers, selecting cells or menu items from the ribbon or menus, styling cells, rows, or columns, or even importing information from a different source, such as Microsoft Access. Most Office apps come with Visual Basic Application (VBA), a portion of the robust Visual Basic programming language.
Although VBA gives you the power to automate operations within and between Office products, if the Macro Recorder does what you need, you don't need to know VBA code or computer programming. It's crucial to understand that the Macro Recorder virtually records every action you take when you record a macro. Therefore, the Macro Recorder will record it if you make a mistake in your sequence, such as accidentally pushing a button. Re-recording the entire sequence or changing the VBA code itself are the solutions.
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what do the three theories indicate regarding the actions management should take with respect to dividend payouts?
Here are three hypotheses: Dividends are meaningless: Investors are unconcerned about payment. Bird in hand: High payouts are preferred by investors. Investors favor a low payment, which leads to growth.
Company executives are frequently the largest owners and stand to benefit the most from a high dividend program. Most businesses consider dividend policies to be an essential component of their overall business strategy. Management must make decisions on dividend size, timing, and a variety of other factors that affect dividend distributions. Dividend policies are classified into three types: steady dividend policies, constant dividend policies, and residual dividend policies.
Dividend Policy That Is ConsistentA steady dividend strategy is the simplest simple and often utilized. The policy's purpose is to provide a consistent and predictable dividend distribution each year, which is what most investors demand. Investors receive a dividend whether earnings are up or down.
Policy of Constant DividendsThe main disadvantage of the steady dividend policy is that investors may not receive dividend increases during boom years. A corporation with a continuous dividend policy pays out a proportion of its earnings as dividends every year. This exposes investors to the whole range of earnings volatility.
Policy on Residual DividendsResidual dividend policy is likewise erratic, although some investors believe it is the only suitable dividend policy. With a residual dividend policy, the corporation pays out any remaining dividends after paying for capital expenditures (CAPEX) and working capital.
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What does it mean when a company talks about being carbon neutral according to brainly?
To balance the effects of something is to be neutral. Therefore, if a corporation is carbon neutral, it indicates that it only rejects carbon that can be balanced by the effects of climate change.
What does it mean when a company talks about being carbon natural neutral?Calculating a carbon footprint and bringing it to zero via a combination of internal efficiency initiatives and external emission reduction efforts is how carbon neutrality is accomplished.To balance the effects of something is to be neutral. In the case of a carbon neutral corporation, this means that the company only rejects carbon that can be matched by the removal of an equivalent amount of carbon to offset the effects of climate change activities. When an activity is considered climate positive, it signifies that it goes beyond reaching net-zero carbon emissions and instead benefits the environment by removing more carbon dioxide from the atmosphere.To learn more about carbon footprint refer,
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Is Lower credit usage better?
A lower utilization rate is often beneficial for your credit scores as a higher utilization rate may be a warning that you'll have problems making timely payments on your debts.
What is the importance of credit usage?Your payment ratio is a crucial sign of loan security. One of the most crucial aspects of your credit score is your credit utilization ratio, which must be kept low to achieve high ratings.
Credit use rate is a significant factor in borrowing risk. Credit utilization makes up 30% of your credit score, so it's a good idea to maintain as much of your credit open as you can.
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what price would an individual be willing to pay today for a stock that is expected to sell for $100 two years from now and which pays an annual dividend that is $6.00? assume the individual has a discount rate of 8% (0.08).
The individual be willing to pay today for a stock Ptoday will be $96.43.
What is a Stock?A sort of asset known as a stock represents a small portion of ownership in a company. If you buy a company's stock, a share, or a small ownership part in it, is yours. Investors buy shares in businesses they believe will increase in value. The value of the remaining stock increases as a result. According to the total number of shares, each share of stock corresponds to a small portion of the company's ownership.
on the basis of the details in the question;
the Dnext_year and Din_two_years will = $6.00.
The Pin_two_years will = $100.00 and i = (0.08)
Ptoday will be $96.43.
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What are the disadvantages of a closed economy?
A closed economy is an economic system in which trade with other countries is restricted or prohibited. This means that the country is self-sufficient and relies solely on domestic production to meet its needs.
There are several disadvantages to a closed economy:
Limited access to resources: A closed economy may not have access to all the resources it needs to produce goods and services. This can lead to shortages or higher costs for certain goods.
Limited access to technology: A closed economy may not have access to the latest technology and innovations that are developed in other countries. This can make it difficult for the country to remain competitive and may limit its economic growth.
Limited market size: A closed economy has a smaller market for its goods and services, which can limit the potential for economic growth and development.
Lack of specialization: A closed economy may not have the opportunity to specialize in certain industries or sectors, which can lead to inefficiencies and a lack of competitiveness.
Lack of diversification: A closed economy may be more vulnerable to economic shocks and fluctuations, as it does not have the diversification of a more open economy.
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How should companies and investors measure success in emerging markets?
Answer:
Financial performance: This includes measures such as revenue, profit, and return on investment (ROI). Companies and investors may also consider measures such as earnings per share (EPS) and net income.
a person who volunteers to act as an agent with no expectation of being paid for the services is a(n): a.exceptional agent. b.one-time agent. c.agent who has an agency coupled with an interest. d.gratuitous agent.
Gratuitous Agent, when a person volunteers with no expectation of being paid for their services Subagent.
What is Gratuitous Agent?Gratuitous agents are those whom their employers or principals do not compensate for their work. The person who acts as a gratuitous agent cannot be forced to carry out their duties as an agent. However, there is no legal obligation on a gratuitous agent to follow a principle of good faith.A gratuitous agent is a person who is not paid by a principal for the work s/he does. A person who acts as a gratuitous agent can never be forced to work as an agent. However, a person acting as a gratuitous agent has to follow a principle of good faith.To learn more about gratuitous agent refer to:
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the following financial information is from shovels construction company: accounts payable $ 13,000 buildings 87,000 cash 10,600 accounts receivable 10,300 sales tax payable 4,000 retained earnings 46,100 supplies 41,400 notes payable (due in 18 months) 30,000 interest payable 2,600 common stock 53,600 what is the amount of current assets, assuming the accounts above reflect normal activity?
The amount of current assets to Shovels Construction Company, assuming normal activity, is $ 62, 300
How to find the current assets ?The current assets of a company are those that the company owns and will derive financial benefit from, within the period of a year or that financial trading period.
The current assets in this case, to the company of Shovels Construction Company are:
= Cash + Accounts receivable + Supplies
= 10, 600 + 10, 300 + 41, 400
= $ 62, 300
In conclusion, the current assets are $ 62, 300.
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What are the three 3 important roles of central bank in general?
The three 3 important roles of central bank in general: Monetary policy, Financial stability and Currency issuance.
What is central bank?A central bank is a financial institution that is responsible for managing a country or region's currency, money supply, and interest rates. It is typically the highest financial authority of a country and is responsible for supervising the commercial banking system of its country. Central banks also often oversee the implementation of monetary policies, set interest rates, and act as lender of last resort to the banking sector during times of financial crisis. Additionally, central banks often have other responsibilities such as regulating the financial markets, supervising and regulating banks, and providing banking services to the government.
1. Monetary policy: A central bank is responsible for setting and implementing the monetary policy of an economy. This involves controlling the supply of money in circulation and setting interest rates in order to achieve economic objectives such as inflation control, price stability, and full employment.
2. Financial stability: Central banks are responsible for promoting financial stability by monitoring and supervising the banking system and regulating financial institutions. This includes activities such as setting capital requirements and preventing money laundering.
3. Currency issuance: Central banks are responsible for issuing the domestic currency, which is used for all transactions within an economy. This also includes activities such as setting exchange rates and managing foreign exchange reserves.
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How many mutations cause Tay-Sachs?
In people with the condition, the HEXA gene has more than 80 distinct mutations that have been discovered.
What number of chromosomes is Tay-Sachs disease?A faulty gene on chromosome 15 is responsible for Tay-Sachs disease. A child has a 25% chance of contracting the illness if both of their parents have the faulty Tay-Sachs gene. To be ill, the child needs to inherit two copies of the flawed gene from each parent.
How probable is Tay-Sachs disease?A Tay-Sachs genetic mutation (or variant gene) affects roughly 1 in 300 individuals who do not come from high-risk backgrounds. For those of Ashkenazi Jewish origin, the mutant gene is carried by about 1 in 30 individuals. Affected babies make up about 1 in 3,600.
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How does the government affect entrepreneurship?
The government impacts entrepreneurship by assisting entrepreneurs through economic policy, infrastructure development, business development help, and the intrusion and mitigating of regulations.
Governments and businesses are related to each other. Governments should provide an encouraging environment for businesses. Governments can do some activities to minimize the risk of starting businesses and assist entrepreneurs, such as:
Lower Interest Rates. This stimulates businesses to enlarge, and permits consumers to face temporary increases in discretionary income.Provide More Funding. Loans and grant programs provided directly to entrepreneurs are one way to use tax revenue to encourage business activity and give assistance to startup entrepreneurs.Give Tax Incentives. Tax incentives to particular types of businesses, or incentives for consumers who patronize particular industries, can provide fledgling markets a powerful support.Learn more about entrepreneurs at: https://brainly.com/question/13897585
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steve ballmer is considering two projects with cash flows as follows: year project a project b 0 -$20,000 -$20,000 1 4,000 4,600 2 4,000 5,000 3 6,000 6,500 4 5,000 6,000 5 4,800 1,000 what is the cross-over rate?
steve ballmer is considering two projects with cash flows as follows: year project a project b 0 -$20,000 -$20,000 1 4,000 4,600 2 4,000 5,000 3 6,000 6,500 4 5,000 6,000 5 4,800 1,000.
What is cross over rate?Crossover Rate is the rate of return (alternatively called the weighted average cost of capital) at which the Net Present Values (NPV) of two projects are equal. It represents the rate of return at which the net present value profile of one project intersects the net present value profile of another project.The crossover rate is useful for measuring the rates of return for two projects when their net present values are equal. When analyzing the crossover rate, you can use the results to determine whether a specific project is more profitable than another.Understanding how the internal rates of return fluctuate can help you evaluate the capital costs for each project.To learn more about NPV refer to:
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an error in the physical count of goods on hand at the end of a period results in a $10,000 overestimate of the ending inventory. the effect or the error in the current period is
Cost of goods would be underestimated if closing inventory was overstated by $10,000.
Why do individuals tend to exaggerate?A Universidad of Alberta study suggests that exaggerating the skills of others is the cause of our lack of faith in our own talents. The research could help leaders understand how to combat self-doubt when faced with a challenging assignment.
What would it mean to undervalue your own abilities?It's not always the case that underestimating oneself translates into subpar performance, and frequently, people can see whether your work is solid or has promise. However, you don't often go out for more possibilities on your own since you're always sure if you can accomplish more than what's currently on your plate.
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