Exercise 197
The Real Estate Products Division of McKenzie Co. is operated as a profit center. Sales for the division were budgeted for 2016 at $1,250,000. The only variable costs budgeted for the division were cost of goods sold ($610,000) and selling and administrative ($80,000). Fixed costs were budgeted at $130,000 for cost of goods sold, $120,000 for selling and administrative and $95,000 for noncontrollable fixed costs. Actual results for these items were:
Sales Cost of goods sold Variable Fixed Selling an
Prepare a responsibility report for the Real Estate Products Division for 2016.
Assume the division is an investment center, and average operating assets were $1,200,000. Compute ROI. (Round answer to 1 decimal place, e.g. 52.7.)
ROI- _______%
Answers
The return on investment is 0.2 or 20%. ROI higher than the cost of capital indicates value creation; a lower ROI may require restructuring or investment in areas with higher returns.
Responsibility Report for the Real Estate Products Division for 2016:
Sales: $1,300,000
Cost of goods sold (variable): $625,000
Selling and administrative (variable): $90,000
Cost of goods sold (fixed): $130,000
Selling and administrative (fixed): $120,000
Noncontrollable fixed costs: $95,000
Total costs: $1,060,000
Operating income: $240,000
The Real Estate Products Division of McKenzie Co. is a profit center, and the responsibility report for 2016 shows that the actual sales were higher than the budgeted amount.
The division's total costs, including variable and fixed costs, were $1,060,000, and its operating income was $240,000.
Assuming that the division is an investment center, we can compute the return on investment (ROI) by dividing the operating income by the average operating assets. The average operating assets were $1,200,000, and the ROI is:
ROI = Operating Income / Average Operating Assets
ROI = $240,000 / $1,200,000
ROI = 0.2 or 20%
The return on investment of the division indicates that it is generating a return of 20% on the investment made in the division. This information can be used by management to evaluate the performance of the division and to make decisions about future investments in the division.
If the ROI is higher than the company's cost of capital, it indicates that the division is creating value for the company, and if the ROI is lower than the cost of capital, it may be necessary to consider restructuring the division or investing in other areas with higher returns.
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Related Questions
Disadvantages of canteen
Answers
The quality of the food is another drawback of an office canteen.
The required details for canteen in given paragraph
Having a cooked lunch is a luxury for many employees, but as it becomes more commonplace, many may choose the tastier options instead of giving their food much care. Unhealthy selections start to dominate and, if routinely consumed, will result in future issues. For kids who may feel overwhelmed by their newfound freedom to choose what they eat for lunch, having too many food options can result in making bad eating decisions.
Despite the fact that parents frequently have little knowledge of the foods their children choose, they are the ones who load money onto their pupils' lunch cards.
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the value of 4 + -3 take away negative 7 is
Answers
Answer:
-6
Explanation:
1-7 =-6
Which of these factors is an advantage to using cash?
Answers
Answer:
B no fees or charges
Explanation:
Your welcome
Answer:
B.no fees or changes this is the right one
1)
Turrubiates Corporation makes a product that uses a material with the following standards:
Standard quantity 6.5 liters per unit
Standard price $ 1.00 per liter
Standard cost $ 6.50 per unit
The company budgeted for production of 2,300 units in April, but actual production was 2,400 units. The company used 16,410 liters of direct material to produce this output. The company purchased 18,600 liters of the direct material at $1.10 per liter.
The direct materials purchases variance is computed when the materials are purchased.
The materials quantity variance for April is:
• $891 F
• $891 U
• $810 U
• $810 F
2)
Majer Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials 6.4 ounces $ 3.00 per ounce $ 19.20 Direct labor 0.4 hours $ 13.00 per hour $ 5.20 Variable overhead 0.4 hours $ 5.00 per hour $ 2.00 The company reported the following results concerning this product in February.
Originally budgeted output 4,800 units
Actual output 4,900 units
Raw materials used in production 30,230 ounces
Actual direct labor-hours 1,910 hours
Purchases of raw materials 32,600 ounces
Actual price of raw materials $ 2.90 per ounce
Actual direct labor rate $ 12.40 per hour
Actual variable overhead rate $ 4.90 per hour
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for February is:
• $245 U
• $250 U
• $245 F
• $250 F
4)
Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate
Direct materials 5.0 grams $ 7.00 per gram
Direct labor 0.30 hours $ 21.30 per hour
Variable manufacturing overhead 0.30 hours $ 9.60 per hour
The company has reported the following actual results for the product for June:
Actual output 8,500 units
Raw materials purchased 48,100 grams
Actual price of raw materials $ 7.70 per gram
Raw materials used in production 42,490 grams
Actual direct labor-hours 2,300 hours
Actual direct labor rate $ 21.70 per hour
Actual variable overhead rate $ 9.80 per hour
The labor rate variance for the month is closest to:
• $920 U
• $920 F
• $1,020 F
• $1,020 U
6)
Ravena Labs., Inc. makes a single product which has the following standards:
Direct materials: 2.5 ounces at $20 per ounce
Direct labor: 1.4 hours at $12.50 per hour
Variable manufacturing overhead: 1.4 hours at 3.50 per hour
Variable manufacturing overhead is applied on the basis of standard direct labor-hours. The following data are available for October:
• 3,750 units of compound were produced during the month.
• There was no beginning direct materials inventory.
• Direct materials purchased: 12,000 ounces for $225,000.
• The ending direct materials inventory was 2,000 ounces.
• Direct labor-hours worked: 5,600 hours at a cost of $67,200.
• Variable manufacturing overhead costs incurred amounted to $18,200.
• Variable manufacturing overhead applied to products: $18,375.
The labor efficiency variance for October is:
• $1,900 Unfavorable
• $1,400 Favorable
• $4,375 Unfavorable
• $3,750 Favorable
Answers
1. The physical quantity difference for April is $810U.
2. The variable overhead efficiency variance for February is $250 F.
4. The labor rate variance for the month is $1,146 U.
6. The labor efficiency variance for October is $4,375 Unfavorable.
1. The standard quantity for 2,400 units is 2,400 units * 6.5 liters per unit, which is 15,600 liters. This is the material quantity variance for April.
Actual consumption was 16,410 litres.
Materials quantity variance = (Standard quantity - Actual quantity) * Standard price
= (15,600 liters - 16,410 liters) * $1.00 per liter
= -810 liters * $1.00
= $810 U
Therefore, the physical quantity difference for April is $810U.
2. The following is February's variable overhead efficiency variance:
Standard direct labor-hours for 4,900 units = 4,900 units * 0.4 hours per unit = 1,960 hours
Actual direct labor-hours = 1,910 hours
Variable overhead efficiency variance = (Standard direct labor-hours - Actual direct labor-hours) * Variable overhead rate
= (1,960 hours - 1,910 hours) * $5.00 per hour
= 50 hours * $5.00
= $250 F
Hence, the variable overhead efficiency variance for February is $250 F.
4. The monthly labor rate variation is:
The average hourly direct labor rate is $13.00.
Actual hourly direct labor rate: $12.40
A total of 1,910 hours of direct labor were used.
Labor rate variance = (Actual direct labor rate - Standard direct labor rate) * Actual direct labor-hours
= ($12.40 per hour - $13.00 per hour) * 1,910 hours
= (-$0.60 per hour) * 1,910 hours
= $1,146 U (rounded to the nearest dollar)
Hence, the labor rate variance for the month is $1,146 U.
6. The labor efficiency variance for October is:
Standard direct labor-hours for 3,750 units = 3,750 units * 1.4 hours per unit = 5,250 hours
Actual direct labor-hours = 5,600 hours
Labor efficiency variance = (Standard direct labor-hours - Actual direct labor-hours) * Standard direct labor rate
= (5,250 hours - 5,600 hours) * $12.50 per hour
= -350 hours * $12.50
= $4,375 Unfavorable
Hence, the labor efficiency variance for October is $4,375 Unfavorable.
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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
Answers
Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3
when should an event programing be used
Answers
Answer:
The utilization of the given topic is summarized throughout the below section.
Explanation:
Event-driven programming language shall be used if the software doesn't somehow monitor the sequential order of such occurrence.The software circulation or activity was mostly directly guided to an external mechanism like a consumer or client (e.g. a GUI), a whole other method (e.g. a customer or a server).Journal entry for purchased goods from ABC Co. for Rs. 11,000.
Answers
Answer:
purchase A/c. Dr. Rs.11,000
To ABC CO.A/c. Rs.11,000
(being goods purchased in cash)
Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds?
Answers
Answer:
From the graph, if you invest 10% in bonds and 90% in stocks, the range of potential return is given as +49.8% to -39.0% with a average of 9.9% whereas if investment is made by 10% in stocks and 90% in bonds, then the range of annual returns would become +31.2% to -8.2% with a average of 6%. Therefore, as the investment in stocks increases the average annual returns also increase.
Explanation:
Hope this helps!
Momentum is a return‐predicting factor that is present in various asset classes.
A. TRUE
B. FALSE
Answers
A. TRUE, Momentum is indeed a return-predicting factor that can be found in various asset classes, such as stocks, bonds, and commodities.
It is based on the idea that assets that have performed well in the past are likely to continue performing well in the future, while underperforming assets may continue to underperform. The momentum effect has been extensively studied in academic finance, and it is considered to be one of the most robust and persistent anomalies in financial markets. While the exact causes of momentum are still debated, some theories suggest that it may be driven by investor herding, overreaction to news, or cognitive biases that lead investors to overweight recent information.
Despite some challenges in implementing momentum strategies in practice, such as trading costs and the potential for high volatility, momentum remains an active area of research and interest among both academics and practitioners in finance.
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in most cases and offer can revoke an offer as long as
the revocation is communicated before the offeree accepts
TRUE OR FALSE
Answers
TRUE, In most cases, an offer can be revoked as long as the revocation is communicated before the offeree accepts. An offer can be revoked before the offeree accepts it, as long as the revocation is effectively communicated.
1. An offer is a proposal made by one party (the offeror) to another party (the offeree) indicating their willingness to enter into a contract.
2. The offeror has the power to revoke or withdraw their offer at any time before the offeree accepts it.
3. However, revocation must be effectively communicated to the offeree. This means that the offeree must be aware of the revocation before they accept the offer.
4. Once the offeree accepts the offer, a binding contract is formed, and the offeror can no longer revoke the offer.
For example, if Company A offers to sell a car to Individual B for $10,000, Company A can revoke the offer as long as they communicate the revocation to Individual B before B accepts the offer.
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Siiri invests 10 % in real estate, 40 % in mutual funds, 25 % in government bonds, and 25 % in stocks. what do Siri’s investment demonstrate?
Answers
Answer: Asset allocation
Explanation:
Asset allocation refers to the strategy of investing in different types of assets and investment vehicles so that the risks would be balanced by the rewards to be earned so that the investor will benefit.
Asset allocation is usually based on the investor's investment goals and their risk appetite. Those who are more risk tolerant will usually invest more in stocks so Siiri here is most likely risk averse but based on the percentage that went into stocks, they might be more risk neutral.
there are 10 households in lake wobegon, minnesota, each with a demand for electricity of q = 50-p. lake wobegon electric's cost of producing electricity is tc = 500 + 2q
If the regulators of LWE want to make sure that there is no deadweight loss in this market, what price will they force LWE to charge? What will output be in that case?
Answers
To determine the price that regulators would force Lake Wobegon Electric (LWE) to charge in order to eliminate deadweight loss.
Given that the demand function for electricity in Lake Wobegon is q = 50 - p and the cost function for LWE is tc = 500 + 2q, we can find the equilibrium by setting the quantity demanded equal to the quantity supplied:
Quantity Demanded = Quantity Supplied
50 - p = q
We can substitute q in terms of p using the demand function:
50 - p = 50 - p
Solving for p, we find that the equilibrium price is p = $50.
To determine the output level, we can substitute this price back into the demand or supply function:
q = 50 - p
q = 50 - 50
q = 0
Therefore, in order to eliminate deadweight loss and achieve equilibrium, regulators would force LWE to charge a price of $50, and the output level would be zero. This implies that no electricity would be produced or consumed in the market.
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What of these is related to financial incentives
Answers
Answer:Examples of financial incentives
Financial incentive(Monetary incentives):
It includes salary, bonus ,commission, retirement benefits, stock incentive and other financial perquisites like free house servant, car, medical facility e.t.c.
Explanation: Following are the main types of financial incentives:
1. Pay and Allowances: Salary is the basic monetary incentive for every employee. Beside basic salary, it also includes dearness allowance, travelling allowance and at times some other allowances too. It also consists of continuous increment in the pay every year and increase in allowances from time to time.
2. Productivity Linked Wage Incentives: Sometimes wage incentive plans are linked with payment of wages to increase productivity at individual or group level. Their quantum is based on actual output against targets.
3. Bonus: It is the incentive which is given over and above the salary or wages of the employees. Many companies offer the bonus during the festivals Diwali, New Year etc.
4. Profit Sharing: It refers to providing a share to employees in the profits of the organisation. This helps in motivating the employees to improve their performance and to contribute their maximum effort for increasing the profits.
5. Co-partnership/Stock Option: Under this incentive scheme, employees are offered shares at a price which is lower than the market price. This practice helps in creating a feeling of ownership among employees and motivates them to give their maximum contribution towards organisational growth. For example, in Infosys this scheme has been successfully implemented.
6. Retirement Benefits: Various retirement benefits such as provident fund, pension and gratuity, act as an incentive to an employee when they are in service in the organisation.
7. Perquisites: Various perquisites and fringe benefits, such as car allowance, housing, medical aid, education to the children etc. provided by the companies over and above the salary, also help in motivating the employees.
Hope this helps :)
Jim and Jane purchased their house a year ago and have been transferred out of town. They paid $275,000 for the property and ended up after expenses with only $225,000. Their percentage of loss on the sale was:
Answers
Answer:
18%
Explanation:
Original cost: $275,000
Selling price: $225,000
Loss: $50,000
50,000/275,000=0.18
0.18x100=18%
:)
Ella owns a computer store, where she buys used computers and sells both new and used computers. Terry is a college student who is looking to sell his old computer. Ella offers to buy Terry's computer. Ella emails Terry her offer, offering to pay him $800 for the computer and stating that she will pay by credit card. Terry also responds by email. He accepts the offer in his email, but his email states that payment must be by Venmo instead of by credit card. Assume that changing the form of payment is not a material alteration to the contract.
This question has 3 parts:
Who, if anyone, is classified as a merchant in this transaction, and why?
Under the default rule, would Ella’s offer terms govern, or would Terry’s acceptance terms govern, and why?
Let's change the facts. Now, both Ella and Terry own computer stores, and they both regularly buy and sell computers. The email exchange described above still occurs. Under the default rule, would Ella's offer terms govern, or would Terry's acceptance terms govern, and why?
Answers
The answer to the first question in this question is that both Ella and Terry are classified as merchants in this transaction.
Ella is a merchant because she buys and sells new and used computers from a store, and Terry is a merchant because he has a used computer to sell. Merchants are individuals who are in the business of buying and selling goods and services.
Under the default rule, Ella's offer terms would govern, since Terry's response is an acceptance, which does not include any extra terms. Acceptance of a contract is defined as the response of an offeree to an offer indicating that he or she agrees to be bound by the terms of the offer.
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Dividends are paid out of profits, and:
(A) dividends are paid before a firm's taxes are paid.
(B) dividend payments must be approved by the firm's board of directors.
(C) dividends are guaranteed.
(D) dividends are usually paid twice a year.
(personal finance question)
Answers
Dividends are given out of profits, and it is commonly pay off twice a year. Option D is correct.
What are dividends?A dividend is defined as the amount of profit that is available for the distribution by a corporation to its shareholders, this amount of profit is given only when an enterprise earns a profit.
The majority of dividends are paid four times a year, on a quarterly basis, but some companies pay dividends twice a year.
Therefore, option D is correct.
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which one of the following correctly defines the retention ratio? group of answer choices additions to retained earnings divided by dividends paid net income minus additions to retained earnings none of the options are correct. one plus the dividend payout ratio additions to retained earnings divided by net income net income minus cash dividends
Answers
Retention ratio is "additions to retained earnings divided by net income." Retention ratio is a financial ratio that measures the portion of net income that a company retains after paying out dividends to its shareholders.
The remaining amount of net income is added to the retained earnings account. The retention ratio is important for investors to evaluate a company's ability to reinvest in the business and generate future growth.
A high retention ratio indicates that a company is reinvesting a significant portion of its earnings back into the business, while a low retention ratio suggests that a company is distributing more of its earnings to shareholders as dividends.
It is important to note that the retention ratio is not the same as the dividend payout ratio, which measures the percentage of earnings paid out as dividends to shareholders.
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What are the factors of production questions answers?
Answers
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services.
What is goods and services?An economic system's output is goods and services. Services are tasks carried out for the benefit of the recipients, whereas goods are tangible items sold to customers. Automobiles, home goods, and clothing are a few examples of goods. Legal counsel, housekeeping, and consulting services are a few examples of services. A business's output can fall somewhere in the middle of these two ideas. A landscaping business might, for instance, sell a homeowner a tree (a good) and also mow the lawn (a service).Not just consumers, but also businesses, receive goods and services.Items that are typically tangible are referred to as goods. Examples include pens, real books, salt, apples, and hats. Services are tasks performed by others, such as contractors, suppliers, and architects.To learn more about consulting services refer to:
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Click this link to view O*NET’s Work Styles section for Financial Analysts. Note that common work styles are listed toward the top and less common work styles are listed toward the bottom. According to O*NET, what are common work styles needed by Financial Analysts? Check all that apply.
attention to detail
hazard tolerance
dependability
dominance
safety
stress tolerance
Answers
Answer:
attention to detaildependabilitystress toleranceExplanation:
edg2020
Answer:A,C,D,F
explain trust
The Future Lab Program, which is a part of Sony's investment in R&D, embraces an approach to technological R&D that emphasizes an open creative environment and direct lines of communication with society, with the end goal being to co-create new lifestyles and customer value. Does Sony create significant customer value? Does Sony create new lifestyles?
Answers
Answer:
Sony's goal with Future Lab is to create customer value and new lifestyles, whether they are able to do so depends on how well they work it out. Future Labs is based on San Francisco, and it should serve as a place where innovative prototypes should be tested by real users. The goal is that Sony can learn from actual real life user experiences in order to improve their products and services. The real life customers and users that want to participate in Sony's program must pay a fee for doing so, but they can also experience prototypes before anyone else.
What type of investments are volatile and can fluctuate in the market. they can gain value when interest rate is high and lose value when interest is low ?
Answers
inventory is a type of investments are volatile and can fluctuate in the market. they can gain value when interest rate is high and lose value when interest is low
All the commodities, goods, merchandise, and materials that a company keeps on hand in the hopes of reselling them for a profit, including stocks and bonds, are referred to as inventory. The uncertainty is one of the main factors contributing to the volatility of stock investing. Simply put, this indicates that individuals are unsure of what to anticipate from the market. Investors may experience market uncertainty due to a number of factors, such as interest rates and inflation rates.
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HI I really want a bichon poodle dog but first I need to convince my parents. So far I've been working on earning 1000 dollars to pay for it and I wrote a 50 page essay but I'm not sure that will cut it what is the best tactic to get my dog??? what is the best business tactic to get this item.
Answers
Answer:
A lemonade stand maybe
locking a cell so that others cannot alters its contents is know as
Answers
Answer:
The correct answer is cell protection.
Explanation:
It is when you prevent others to edit or change the contents of certain cells in a sheet. In doing this, you first unlock all cells. Then, select the cells you want to lock then select the option to lock them. Hope this helped.
Answer:
The answer is Cell protection.
Locate an online tool/app or download a budget template from the Internet and practice creating a budget for yourself. Remember to follow the budgeting steps. How did you do? When done, answer the following questions: (1) Are there any ways to increase your income? For example, selling items you no longer use? (2) Are there ways to further reduce expenses each month? (3) What are your savings goals per month?
Answers
Answer:
Hope it helps
Explanation:
Step 1: Note your net income
The first step in creating a budget is to identify the amount of money you have coming in. Keep in mind, however, that it’s easy to overestimate what you can afford if you think of your total salary as what you have to spend. Remember to subtract your deductions for Social Security, taxes, 401(k) and flexible spending account allocations when creating a budget worksheet. Your final take-home pay is called net income, and that is the number you should use when creating a budget.
If you work freelance or part-time, we’ve put together some tips for managing irregular income.
Tip: If you have a hobby or a talent, you may be able to find a way to supplement your income. Having an extra source of income can also be helpful if you ever lose your job.
Step 2: Track your spending
It’s helpful to keep track of and categorize your spending so you know where you can make adjustments. Doing so will help you identify what you are spending the most money on and where it might be easiest to cut back.
Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments. It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.
Next list all your variable expenses—those that may change from month to month such as groceries, gas and entertainment. This is an area where you might find opportunities to cut back. Credit card and bank statements are a good place to start since they often itemize or categorize your monthly expenditures.
Tip: Record your daily spending with anything that’s handy—a pen and paper, an app or your smartphone. You can use this spending and budgeting tool if you have an account with Bank of America.
Step 3: Set your goals
Before you start sifting through the information you’ve tracked, make a list of all the financial goals you want to accomplish in the short-and long-term. Short-term goals should take no longer than a year to achieve. Long-term goals, such as saving for retirement or your child’s education, may take years to reach. Remember, your goals don’t have to be set in stone, but identifying your priorities before you start planning a budget will help. For example, it may be easier to cut spending if you know your short-term goal is to reduce credit card debt.
Step 4: Make a plan
Use the variable and fixed expenses you compiled to help you get a sense of what you’ll spend in the coming months. With your fixed expenses, you can predict fairly accurately how much you’ll have to budget for. Use your past spending habits as a guide when trying to predict your variable expenses.
You might choose to break down your expenses even further, between things you need to have and things you want to have. For instance, if you drive to work every day, gasoline probably counts as a need. A monthly music subscription, however, may count as a want. This difference becomes important when it’s time to make adjustments.
Step 5: Adjust your habits if necessary
Once you’ve done all this, you have what you need to complete your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals.
Want-to-have expenses are the first area to look for spending cuts. Can you skip movie night in favor of a movie at home? Try adjusting the numbers you’ve tracked to see how much money that frees up. If you’ve already adjusted your spending on wants, evaluate your spending on needs. You may need internet at home, but do you need the fastest available?
Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. Doing so will be much more difficult and require greater discipline, but on close inspection a “need” may just be a “hard to part with.” Such decisions come with big trade-offs, so make sure you carefully weigh your options.
Tip: Small savings can add up to a lot of money, so don’t overlook the little stuff. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.
Step 6: Keep checking in
It’s important that you review your budget on a regular basis to be sure you are staying on track. You can also compare your monthly expenses to those of people similar to you. Few elements of your budget are set in stone: You may get a raise, your expenses may increase or you may have reached your goal and want to plan for a new one. Whatever the reason, keep checking in with your budget following the steps above.
Specialization and trade benefit nations by allowing them to:
O Use their resources more efficiently.
O Produce higher priced items for their citizens.
O Always have a trade surplus, meaning they export more than they import.
O Focus all of their resources on imports and refuse to export anything.
Answers
Answer:
#2
Explanation:
Why do you think economists have different belief systems/theories on economics?
Answers
Answer:The principal disagreement among economists is a matter of economic philosophy. There are two major schools of economic thought: Keynesian economics and free-market, or laissez-faire, economics.
Keynesian economists, named after John Maynard Keynes, who first formulated these ideas into an all-encompassing economic theory in the 1930s, believe that a well-functioning and flourishing economy may be created with a combination of the private sector and government help.
By government help, Keynes meant an active monetary and fiscal policy, which works to control the money supply and adjust Federal Reserve interest rates in accordance with changing economic conditions.
By contrast, the free-market economists advocate a government "hands-off" policy, rejecting the theory that government intervention in the economy is beneficial. Free-market economists—and there are many distinguished advocates of this theory, including Nobel Memorial Prize winner Milton Friedman—prefer to let the marketplace sort out any economic problems. That would mean no government bailouts, no government subsidies of business, no government spending explicitly designed to stimulate the economy, and no other efforts by the government to help what the economists believe is the ability of a free economy to regulate itself.
Explanation:
If a switch occurs from deposits into currency, what happens to the federal funds rate? use the supply and demand curve of the market for reserves to explain your answer.
Answers
Therefore, deposit conversion reduces the number of reserves, which reduces the supply of reserves at any given interest rate, shifting the supply curve to the left.
As deposits fall, so do required reserves, shifting the demand curve to the left.
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True or False Communication is not always a vital skill in the workplace
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Communication is always a vital skill in the workplace. The appropriate response is false.
What is communication?Information exchange is the traditional definition of communication. The expression can be used to describe both the broadcast and the area of study that looks at such transmissions. Information can be given, received, and shared through exchange.
Communication in the workplace is essential since it boosts worker happiness, productivity, and morale. Additionally important is communication for bettering teamwork and cooperation. Individuals, teams, and organizations all perform better when there is effective workplace communication.
Emails and chats you have during the day to request things, ask questions, get information, give or receive instructions, and so on are examples of informal interactions.
In the workplace, communication is a crucial ability.
Hence, the appropriate response is false.
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based on the management in action case and the competing values framework, what type of organizational culture did wells fargo have under ceo kovacevich?
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Based on the management in action case and the competing values framework, the type of organizational culture did wells fargo have under ceo kovacevich is the market culture.
What is the market culture?This is the term that is used to refer to the type of work culture that is found in a corporate organization. That is, this is the type of culture that is found to be in an area that has to do with the competitiveness that lies in a market and within the competitors that are found in the particular market.
This is the type of culture that is found in this particular environment. Hence the solution is the market culture.
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