assume that mexican labor migration yields a new labor supply curve, s1, which is the combination of domestic labor supply and mexican labor. as the result of the mexican migration to the united states,
Answers
The wage rate for native Mexican worker decreases and the payment to Mexican capital owner increases.
In 2019, nearly 10.9 million Mexican-born people lived in the United States. Its population has fallen by nearly 780,000 (7%) between 2010 and 2019. This is due in part to tighter immigration controls and a stronger Mexican economy.
People of Mexican descent are less educated than nearly all other racial and ethnic groups in the United States, and therefore earn significantly less than other workers. They form one of the fastest growing and economically disadvantaged groups.
In addition to the job crisis and food shortages that plague all US workers, Mexicans and Mexican-Americans face another threat: deportation.
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Related Questions
Brooks Development Corporation (BDC) faces the following capital budgeting decision. Six real estate projects are available for investment. The net present value and expenditures required for each project (in millions of dollars) are as follows:
Project 1 2 3 4 5 6
Net Present value ($Millions) $15 $5 $13 $14 $20 $9
Expedature required ($Millions) $90 $34 $81 $70 $114 $50
There are conditions that limit the investment alternatives:
• At least two of projects 1, 3, 5, and 6 must be undertaken.
• If either project 3 or 5 is undertaken, they must both be undertaken.
• Project 4 cannot be undertaken unless both projects 1 and 3 also are undertaken.
The budget for this investment period is $220 million.
a. Formulate a binary integer program that will enable BDC to find the projects to invest in to maximize net present value, while satisfying all project restrictions and not exceeding the budget
Answers
Making a capital budgeting choice! In order for me to better assist you, kindly give me with the net present value and necessary expenses for each of the six real estate projects.project (in millions of dollars) are as
Making a financial plan for a specific time period for a company or a person is the process of budgeting. It entails anticipating and allocating resources for upcoming costs while accounting for anticipated revenue, costs, and other financial commitments. Budgeting is crucial because it makes it possible to monitor an organization's financial development and guarantees that its financial resources are used wisely. It offers a framework for making decisions and aids in finding possible areas for cost-saving strategies and savings. There are many different sorts of budgets, including operational, capital, cash, and master budgets. Accurate financial information, reasonable assumptions, ongoing monitoring, and review are necessary for effective budgeting.
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How long does it take to get a doctorate in education?
Answers
Complete this chart please I need it for today no exceptions
Answers
It is essential to verify with the lender whether there are any prepayment penalties or fees associated with repaying the excess funds or returning them.
What might happen if you pay late?There are a number of possible outcomes if you pay a bill or loan payment late: Late charges, Interest rates that have risen & harm to your credit rating.
There are a few options available to you in the event that you have borrowed money and discover that you do not require the entire amount:
Return the extra cash: The extra money can be returned to the lender. This is usually the best choice because it will save you money on interest and other costs.
Reduce the debt: On the other hand, you can utilize the abundance assets to settle the chief equilibrium of the credit.
Keep the extra cash: You can keep the extra money if you want to, but you'll still have to pay interest on the entire amount you borrowed.
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can regional level employment be converted into national level
employment? Why? Why not ?
Answers
Answer:
The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.
Explanation:
plz mark me as brilliant plz
The correct MRP table for item A should be
Item: A
Lead Time: 2 Weeks
Date
1
2
3
4
5
6
7
8
9
Gross Requirements
450
Scheduled Receipts
On Hand
Net Requirements
450
Planned Order Release
450
Item: A
Lead Time: 2 Weeks
Date
1
2
3
4
5
6
7
8
9
Gross Requirements
450
Scheduled Receipts
On Hand
Net Requirements
450
Planned Order Release
450
Item: A
Lead Time: 2 Weeks
Date
1
2
3
4
5
6
7
8
9
Gross Requirements
450
Scheduled Receipts
On Hand
Net Requirements
450
Planned Order Release
450
Item: A
Lead Time: 2 Weeks
Date
1
2
3
4
5
6
7
8
9
Gross Requirements
450
Scheduled Receipts
On Hand
Net Requirements
450
Planned Order Release
450
none of the above
Answers
As a result, a planned order release of 450 units is necessary for each week to meet the demand.Based on the given information, the correct MRP table for item A should be as follows:
Item: A
Lead Time: 2 Weeks
Date
1
2
3
4
5
6
7
8
9
Gross Requirements
450
Scheduled Receipts
On Hand
Net Requirements
450
Planned Order Release
450
This table shows the gross requirements for item A over the nine-day time period, which is 450 units each day. There are no scheduled receipts or on-hand inventory, so the net requirements are also 450 units each day. The planned order release is also 450 units each day, which means that the production team needs to manufacture 450 units each day to meet the demand.
Therefore, the correct Materials requirements planning (MRP) table for item A is the one that shows 450 units for each day's gross requirements, net requirements, and planned order release, as there are no scheduled receipts or on-hand inventory available.
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(Calculating free cash flows) Spartan Stores is expanding operations with the introduction of a new distribution center. Not only will sales increase but investment in inventory will decline due to increased efficiencies in getting inventory to showrooms. As a result of this new distribution center, Spartan expects a change in EBIT of $920,000. Although inventory is expected to drop from $82,000 to $70,000, accounts receivables are expected to climb as a result of increased credit sales from $88,000 to $110,000. In addition, accounts payable are expected to increase from $61,000 to $82,000. This project will also produce $200,000 of bonus depreciation in year 1 and Spartan S tores is in the 32 percent marginal tax rate. What is the project's free cash flow in year 1 ? The project's free cash flow in year 1 is $ (Round to the nearest dollar.)
Answers
The project's free cash flow in year 1 can be calculated by considering the changes in earnings before interest and taxes (EBIT), working capital, and the impact of bonus depreciation. Free cash flow represents the cash generated by a project after deducting all operating expenses, taxes, and changes in working capital.
To calculate the free cash flow in year 1, we need to consider the following components:
1. Change in EBIT: Spartan Stores expects a change in EBIT of $920,000 as a result of the new distribution center. This represents the increase in operating income before interest and taxes.
2. Change in working capital: Working capital is the difference between current assets and current liabilities. We need to consider the changes in inventory, accounts receivable, and accounts payable.
Change in inventory = Ending inventory - Beginning inventory
= $70,000 - $82,000
= -$12,000 (negative change indicates a decline in inventory)
Change in accounts receivable = Ending accounts receivable - Beginning accounts receivable
= $110,000 - $88,000
= $22,000
Change in accounts payable = Ending accounts payable - Beginning accounts payable
= $82,000 - $61,000
= $21,000
3. Bonus depreciation: The project generates $200,000 of bonus depreciation in year 1. This represents an additional deduction from taxable income.
Now, we can calculate the free cash flow in year 1:
Free Cash Flow = Change in EBIT + Change in working capital + Bonus depreciation - Taxes
Change in working capital = Change in inventory + Change in accounts receivable - Change in accounts payable
= (-$12,000) + $22,000 - $21,000
= -$11,000
Taxes = Bonus depreciation * Marginal tax rate
= $200,000 * 32%
= $64,000
Free Cash Flow = $920,000 + (-$11,000) + $200,000 - $64,000
= $1,045,000
Therefore, the project's free cash flow in year 1 is approximately $1,045,000.
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A country decides to impose a tax to reduce the external cost created by carbon emissions. Prior to the tax,____
and as a result of the tax,_____
A. marginal cost equals marginal benefit, marginal cost will be less than marginal benefit
B. there was no deadweight loss; a market failure occurs because taxes reduce production
C. market failure occurred; the deadweight loss is reduced
D. market failure occurred producer surplus will equal consumer surplus
E. producer surplus equals consumer surplus; marginal cost equals marginal benefit
Answers
Answer:
C. market failure occurred; the deadweight loss is reduced
Explanation:
Carbon emissions produce externalities: they affect others not involved in the transaction, in the form of pollution, or in the form of contributions to climate change. Externalities are a form of market failure because in this situation, the market fails to allocate resources in a way that produces the best social benefit (the Pareto Optimum).
To correct the externality, a tax is imposed, this type of tax is known as a Pigouvian tax. The Pigouvian tax reduces the deadweight loss caused by the externality.
Joel and maria have a son named david who is a 20-year old student at the university of southern california. david received $1300 worth of investment income in 2020 and had earned income $1700 but that was far less than half of the support he received from his parents. both joel and maria are still alive. based on this information what can be said about the tax liability in california?
Answers
David had earned payment and must pay California taxes on his investment and earned income he received.
Tax liability in CaliforniaTax liability is the full amount of tax owed in a delivered period, by people and organizations, to federal, state, and local administrations. For companies, tax liabilities are short-term liabilities registered on a balance sheet and paid within a year.
California holds nine tax brackets: 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%. Here are the rates and stands for the 2021 tax year, which you'll file in 2022, via the California Franchise Tax Board. The ordinary deduction in California is $4,803 for single filers and $9,606 for married families.
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What measures the change in prices of a basket of goods and services in a given year
Choices
A. Recession
B. Depression
C. Deflation
D. Inflation
Answers
Answer:
d. inflation
Explanation:
PLATO
50 points !!!!! Please help me!!! This is about Simple path to wealth by JL Collins
Answers
Answer:
sorry need koren po ng point kasi mag a ask lang din nmn po ako thnks po:(
This is a method of evaluation in a credit bureau that assigns points based on several factors to compute credit
scores for consumers.
Answers
Answer:
point system
Explanation:
a store at the mall having a minimum age requirement for workers is an example of which category of employee rights?
A. employee polygraph protection
B. workers compensation
C. workplace safety and health
D. wages and hours
Answers
Answer:D
Explanation:
I believe !
An example of a category of employee rights is a store in a mall that has a minimum age restriction for employees. Another example is salaries and hours. Hence option D is correct.
What rights do workers have?You won't experience bullying or unjust treatment because of your race, colour, religion, sexual orientation, gender identity, national origin, handicap, age, or genetic information. Equal payment is made for comparable effort.
The Act establishes and makes clear three rights for employees: a "right to know" about the risks associated with their employment, a right to report workplace hazards to OSHA, and a right to protection against reprisals for exercising OSHA-protected rights.
Elimination of all forms of child labour, effective outlawing of forced or involuntary labour, and the abolition of discri mination based on unjust treatment employment and occupation, the right to associational freedom, and.
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A program that combines sick leave, vacations, and holidays into a total number of hours or days that employees can take off with pay is called a(n) _____ plan.
Answers
A program that combines sick leave, vacations, and holidays into a total number of hours or days that employees can take off with pay is called a(n) paid time-off plan.
More about paid time-off plan:
Paid Holidays Paid time off, also known as PTO, is leisure time that staff members use for personal activities while away from the workplace (and earning regular salaries). Depending on the size, structure, and industry of a particular firm, PTO policies can be set up in a variety of ways.
A worker with 10+ years typically receives 24 paid vacation days plus 6 paid holidays. This is the same as 30 paid vacation days are its benefits.
Why to choose paid time-off over others:
There are no actual out-of-pocket expenses unless: you pay them at termination or you need to hire more workers to complete the assignment.Costs are typically expressed as lost productivity (losing hours).Learn more about paid time-off here:
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An unsecured loan...
typically has lower interest rates than a secured loan
is less difficult to qualify for than a secured loan
is connected to collateral, which can be taken by the lender if the loan is not paid
is not connected to collateral and, therefore, a higher risk for lenders
Answers
Answer:
is not connected to collateral and, therefore, a higher risk for lenders
Explanation:
Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.
Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.
Answer:
D
Explanation:
took the test
On April 1, 1986, Casey deposited $1150 into a savings account paying 9.6%
interest, compounded quarterly. If he hasn't made any additional deposits or
withdrawals since then, and if the interest rate has stayed the same, in what
year did his balance hit $2300, according to the rule of 72?
Answers
Answer:4900
Explanation: it makes sence duh.
The amount of money that Tom had in his pension fund
in 2016 was £55 000.
His plans involve him putting £8 200 in his fund every year
for the next 15 years.
How much will Tom have in the pension fund in 2031?
Answers
Answer: £178000
Explanation:
The amount that Tom will have in the pension fund in 2031 will be calculated as:
= £55000 + £8200(15)
= £55000 + £123000
= £178000
The amount that Tom will have in the pension fund in 2031 will be £178000
a four-year, zero-coupon treasury bond sells at a price of $762.8952. a three-year, zero-coupon treasury bond sells at a price of $827.8491. assuming the pure expectations theory is correct, what does the market believe the price of one-year, zero-coupon bonds will be in three years?
Answers
According to the pure expectations theory, the market believes the price of a one-year zero-coupon bond in three years will be $762.8952.
This is based on the expectation that the price of the three-year bond will be the same as the four-year bond at that time.
1. The pure expectations theory suggests that the market's expectation of future interest rates determines the prices of bonds with different maturities.
2. In this case, we have a four-year zero-coupon bond priced at $762.8952 and a three-year zero-coupon bond priced at $827.8491.
3. According to the pure expectations theory, the market believes that the price of the three-year bond in one year will be the same as the price of the four-year bond at that time.
4. Therefore, the market believes that the price of a one-year zero-coupon bond in three years will be $762.8952.
5. Based on the pure expectations theory, the market expects the price of one-year, zero-coupon bonds to be $762.8952 in three years.
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A common way of saying you need to diversify your investments is:
A. A bird in the hand is worth two in the bush.
B. A stitch in time saves nine.
C. Birds of a feather flock together.
D. Don't judge a book by its cover.
E. Don't put all of your eggs in one basket.
Answers
Correct! "Don't put all of your eggs in one basket" is a common way of saying you need to diversify your investments.
which means spreading out your investments across different assets or types of investments to reduce risk.
This way, if one investment performs poorly, you still have others that can potentially make up for the loss.
"Don't put all of your eggs in one basket" is a common idiom that is often used to advise people to diversify their investments or to spread their resources or efforts across different areas to minimize the risk of losing everything at once.
The idea behind this phrase is that if you put all your eggs in one basket and that basket gets dropped or damaged, you lose everything. On the other hand, if you spread your eggs across different baskets, you minimize your risk because even if one basket fails, you still have other baskets that contain your eggs.
This concept of diversification is a fundamental principle of investing, where investors spread their money across different assets or securities, such as stocks, bonds, mutual funds, and real estate, among others. The goal is to reduce the overall risk of loss while still aiming for a reasonable return on investment.
Overall, the phrase "Don't put all of your eggs in one basket" is a simple and effective way to remind people of the importance of diversification and risk management in both investing and life in general.
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True or false? Product/market fit automatically results in high-volume sales.
Answers
Answer:
It is True
Explanation:
Defining product-market fit
"Product-market fit," writes startup coach and investor Marc Andreessen, "means being in a good market with a product that can satisfy that market." When an entrepreneur identifies a need in the market and builds a solution that customers want to buy, that's product-market fit.
Product/market fit automatically results in high-volume sales, is the true statement.
What is a Product/market fit?"Product-market fit" is defined by startup advisor and investor Marc Andreessen as existing in a healthy market with a product that can satisfy that market's needs. When an entrepreneur recognizes a market gap and creates a product that customers want to buy, product-market fit has occurred.
It shows that people are willing to pay a price for your goods and that it has a significant enough market or audience. Take the case where you want to create a smartphone app that allows for free video conference communication. If it doesn't fit, nothing fits.
Strategic fit describes how well a company is matching its assets and capabilities to opportunities in the external environment.
Thus, it is a true statement.
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Why is creative thinking important to generate business ideas?
Answers
Answer: Creative thinking is necessary for business problem-solving.
Explanation: The skill of creative thinking is a helpful skill because it teaches workers/business owners to find opportunities and ways to improve something even if the situation is challenging. This also lets the person face a problem or situations by a different view. I hope this helped!
What is the best way to use a credit card to build your credit history?
Answers
Answer:
All you have to do is pay off your credit card bill in full and on time each month, and just keep doing that.
Explanation:
Given the following information, what are the NZD/SGD currency against currency bid-ask quotations? (You are required to compute two sets of cross-rate bid and ask quotes. 1. "New Zeland dollar" means the cross rate of NZD/SGD. 2. "Singapore dollar" means SGD/NZD. Do not round intermediate calculations. Round your answers to 4 decimal places. ) American Terms Bid Ask Bank Quotations New Zealand dollar Singapore dollar European Teres Bid Ask 1. 3772 1. 3786 1. 6311 1. 6324 7277 -7284. 6144 6149 New Zealand dollar Singapore dollar Bid Ask
Answers
The bid-ask quotations for the NZD/SGD currency pair are as follows: New Zealand dollar (NZD) against Singapore dollar (SGD): Bid: 1.3772, Ask: 1.3786
Singapore dollar (SGD) against New Zealand dollar (NZD):
Bid: 0.7277
Ask: 0.7284
To calculate the bid-ask quotations for the NZD/SGD currency pair, we need to consider the cross rates between the New Zealand dollar (NZD), Singapore dollar (SGD), and the American Terms and European Terms bid-ask quotations.
For the NZD/SGD bid-ask quotations:
The bid quotation is obtained by dividing the European Terms bid (1.6311) by the American Terms ask (1.3786), which gives us 1.3772.
The ask quotation is obtained by dividing the European Terms ask (1.6324) by the American Terms bid (1.3772), which gives us 1.3786.
For the SGD/NZD bid-ask quotations:
The bid quotation is obtained by dividing 1 by the NZD/SGD ask quotation (1.3786), which gives us 0.7277.
The ask quotation is obtained by dividing 1 by the NZD/SGD bid quotation (1.3772), which gives us 0.7284.
Therefore, the bid-ask quotations for the NZD/SGD currency pair are as follows:
New Zealand dollar against Singapore dollar:
Bid: 1.3772
Ask: 1.3786
Singapore dollar against New Zealand dollar:
Bid: 0.7277
Ask: 0.7284
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During which phase of new product development do organizations determine if a new product can make a profitable contribution to the product mix?
Answers
The phase of new product development during which organizations determine if a new product can make a profitable contribution to the product mix is the business analysis phase.
In this phase, the organization analyzes the potential profitability of the new product by estimating the costs associated with production, marketing, and distribution, and comparing them to the expected revenue and profit margins. The organization also assesses the potential demand for the product and the competitive landscape to determine if the product has a viable market. Based on the analysis, the organization makes a decision to move forward with the product development or not.
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Bil Tarnofsky makes the following statement: 'We must become more flexible if we are to meet our personnel needs and maximize efficiency. In the past, we simply hired as many full-time employees as we thought we needed. But this focus has caused us to lose many valuable employees. We should offer flextime and job sharing options to help us keep and attract talented employees. "Margaret Robin responds by saying "Alternatives to traditional job design approaches can lead to significant cost savings. Next year we are expected to have 500 more employees than our current facility allows, but my analysis reveals that 600 of our employees could telecommute. Therefore, we can avoid costly actions such as moving our offices or building extensions if these workers became telecommuters, job sharing can also reduce facility costs as well as payroll costs. Tamnofsky and Robin would be most likely to disagree about which of the following questions?
A. Would telecommuting likely lead to cost savings?
B. Does the organization have a moral obligation to offer flextime and job sharing options?
C. If offering a job sharing option would not reduce costs, should the organization still offer it?
D. Would the organization be better able to keep valuable employees if it offered flextime and job sharing options?
E. Are any other organizational structure decisions important for the future of the organization?
Answers
Answer:
C. If offering a job sharing option would not reduce costs, should the organization offer it?
Explanation:
The statement Bil Tarnofsky makes is focused on retaining talented employees and attract new talented employees, by offering flextime and job sharing options
The statement Margaret Robin responds with is the use of alternative job design, such as telecommuting could achieve higher cost savings from the need to accommodate the 500 more employees, by moving the offices and expanding the buildings, in the coming year
Tamnofsky and Robin would be most likely to disagree on the different focus of their statements which are; If offering a job sharing option would not reduce costs, should the organization offer it?
Which of the following transactions is represented by the diagram below? a. Vendors send a bill for each inventory item purchased which is payable b. A single purchase of inventory is paid for with multiple payments.c. Inventory vendors send a monthly bill for merchandise delivered. The seller does not accept or allow installment payments.d. Some inventory purchases are paid for with multiple payments and some payments may apply to multiple purchases.
Answers
option D, Based on the diagram provided, the transaction that is represented is option D, where inventory purchases are paid for with multiple payments and some payments may apply to multiple purchases.
The diagram shows multiple arrows pointing from the buyer to the seller, indicating that there are multiple payments being made. Additionally, there are arrows pointing from the seller to the buyer, indicating that the purchases are being fulfilled over time. This aligns with option D, where multiple payments are made for inventory purchases and some payments may apply to multiple purchases.
Option A is unlikely as the diagram does not show individual bills being sent for each item purchased. Option B is also unlikely as the diagram does not show a single purchase being paid for with multiple payments. Option C is also unlikely as the diagram does not show monthly bills being sent for delivered merchandise.
In conclusion, based on the diagram provided, option D is the transaction that is represented.
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The transaction represented by the diagram is option D: Some inventory purchases are paid for with multiple payments and some payments may apply to multiple purchases.
Option D involves the purchase of inventory with multiple payments, where some payments may apply to multiple purchases. This could happen when a business purchases inventory on credit and agrees to make payments over time, or when a business makes partial payments for larger purchases of inventory. The diagram shows that some payments go towards one purchase while others go towards multiple purchases. This transaction is different from the other options because it allows for flexibility in payment and purchasing. Option A involves separate bills for each inventory item purchased, while option B involves a single purchase paid with multiple payments. Option C involves monthly bills for merchandise delivered, but installment payments are not allowed. Option D, on the other hand, allows for some payments to be applied to multiple purchases and offers more flexibility in payment.
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i need help please..
Answers
Answer:
Changes in technology can affect the demand for different products or the demand for related products. It can increase the market for a product by increasing the demand for a new product and making an older product obsolete
Explanation:
When a firm discovers a new technology that allows it to produce at a lower cost, the supply curve will shift to the right as well. ... A technological improvement that reduces costs of production will shift supply to the right, causing a greater quantity to be produced at any given price.
What are internal source and external source
Answers
Match the action needed to increase profits with the reason a business might fail.
Advertising the company to potential customers would match with_____.
a) finances
b) poor management
c) bad location
d) competition
15 POINTS AND BRAINLIEST GOES TO FIRST ANSWER ;)
Answers
Advertising the company to potential customers would match with competition .Thus the correct answer is option D.
What is advertising?The practice and techniques used to draw attention to a product or service are referred to as advertising. Advertising seeks to draw attention to a product or service by putting it in the spotlight. It is typically used to promote a specific product or service, but it has a wide range of applications, the most common being commercial advertising.
Through "branding," which associates a product name or image with certain qualities in the minds of consumers, commercial advertisements frequently seek to increase consumption of their products or services. Direct-response advertising, on the other hand, is intended to elicit an immediate sale.
Therefore, advertising helps to create a image of the company and increase its competitiveness.
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Treasury stock that was purchased for $2,500 is sold for $3,000. As a result of these two transactions combined, a.income will be increased by $500. b.stockholders' equity will be increased by $3,000. c.stockholders' equity will be increased by $500. d.stockholders' equity will not change, because the amount of authorized stock has not changed.
Answers
Answer:
The stockholder's equity will be increased by $500
Explanation:
While stockholders equity is the amount of assets available to shareholders after all liabilities have been settled , treasury stock is the stock that is bought back by the issuing organisation with the aim of reducing the number of outstanding stock in the open market.
Looking at the scenario given , it was an indirect way of raising fund and increasing the equity of the stockholders equity as the treasury stock was later resold at a higher price.
Therefore , the stockholder's equity increases by 3,000- 2500 = 500
_________ represent the fastest-growing sector of the global economy and account for two-thirds of global output, one-third of global employment, and nearly 20% of global trade.
A.Services
B.Pure tangible goods
C.Luxury products
D.Technology products
E.Food products
Answers
Services represent the fastest-growing sector of the global economy and account for two-thirds of global output, one-third of global employment, and nearly 20% of global trade.What are services?Services can be classified as anything from a hair salon or retail shop to a hospital or a warehouse.
Services are acts that are performed for customers, while products are items that customers purchase. Services are intangible, meaning that they cannot be touched, tasted, or seen. They are often referred to as “work-for-hire” or “performance-for-hire” services, as they are provided by someone else for a fee. Services are important to the global economy, as they account for a significant portion of GDP (Gross Domestic Product).
Why are services the fastest-growing sector of the global economy?Services are the fastest-growing sector of the global economy for a number of reasons. First, the world’s population is growing at an unprecedented rate, which has led to an increase in demand for services. Finally, services are often more sustainable than traditional manufacturing industries, as they are less resource-intensive and produce less waste.
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