Henry has $21.50 to ride the trolley around san francisco this week. it will cost him $0.50 every time he rides. identify the dependent variable and the independent variable in this scenario. the number of rides and the total cost are both independent variables. the number of rides and the total cost are both dependent variables. the total cost is the independent variable, and the number of rides is the dependent variable. the number of rides is the independent variable, and the total cost is the dependent variable.
Answers
The number of rides is the independent variable, and the total cost is the dependent variable. (fourth option)
What is independent and dependent variable ?The independent variable is the variable whose value is not dependent on any variable.
The dependent variable is the variable whose value depends on another value. The total cost of the ride depends on the number of rides and the cost per ride. This makes total cost the dependent variable.
The equation that relates total cost to the number of rides is:
Total cost = number of rides x cost per ride
$21.50 = $0.50 x r
$21.50 = $0.50r
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Related Questions
Workers, rather than managers, are responsible for cleaning a process of "special" causes, thus bringing it under "statistical control".
Yes
No
Answers
The given statement, "Workers, rather than managers, are responsible for cleaning a process of "special" causes, thus bringing it under "statistical control" is false. Managers can guarantee that a process operates to its greatest capacity when it is continually monitored and regulated, producing consistent, high-quality production
SPC, or statistical process control, uses technology to assess and regulate quality to keep an eye on the industrial processes. To obtain quality data from product measurements and process readings, SPC activates a variety of devices and instruments. Data is examined and tracked after collection in order to regulate the process.
A straightforward strategy to promote continuous improvement is statistical process control. Raw material costs in modern production are continuously fluctuating, and there is fierce rivalry. While businesses cannot control these variables, they can manage the caliber of their operations and goods. To be a market leader, they must continually strive to increase quality, efficiency, and profit margins.
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Scenario 2 Pinte Ltd has just acquired IT equipment for a sum of $3 million. The accounting period for Pinte Ltd runs from January 1 to December 31 each year. The equipment was bought in the second half of the year on July 1, 20X1. Installation costs amounted to $300,000 and other costs to set up the equipment amounted to $700,000. The useful life of the equipment is estimated as 4 years with a salvage value of $500,000. Advise Pinte Ltd on how it should depreciate the non-current asset. You should use appropriate calculations to support your answer (for reducing balance use 40% per annum). You should also identify any other financial and non-financial considerations that Pinte Ltd must make in arriving at its decision.
Answers
Pinte Ltd should depreciate the non-current asset using the reducing balance method at a rate of 40% per annum and consider financial and non-financial factors in determining the depreciation.
To depreciate the non-current asset, Pinte Ltd should use the reducing balance method at a rate of 40% per annum. The reducing balance method applies a constant depreciation rate to the decreasing net book value of the asset each year. The net book value is calculated by subtracting the accumulated depreciation from the initial cost.
Calculations:
Initial cost: $3,000,000
Installation costs: $300,000
Other setup costs: $700,000
Total cost: $4,000,000
Depreciation Calculation for Year 1:
Depreciation = Net book value at the beginning of the year * Depreciation rate
Depreciation = $4,000,000 * 40% = $1,600,000
Net Book Value at the end of Year 1:
Net Book Value = Initial cost + Installation costs + Other setup costs - Accumulated depreciation
Net Book Value = $4,000,000 - $1,600,000 = $2,400,000
Pinte Ltd should continue these calculations for subsequent years, applying the 40% depreciation rate to the net book value at the beginning of each year until the estimated useful life of 4 years or until the net book value reaches the salvage value of $500,000.
In addition to the depreciation method, Pinte Ltd should consider other financial and non-financial factors. Financial considerations include adhering to relevant accounting standards and tax regulations governing depreciation. Non-financial considerations include the estimated actual useful life of the equipment, potential technological obsolescence, and maintenance costs.
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What does the business cycle shown on this graph suggest about the condition of the economy at point A?
A. the economy is getting worse and will continue to climb in for another quarter
B. the economy has struggled for some time but is preparing to recover
C. the economy has been well for a while and is at its highest point of the cycle
D. The economy is in a period of growth that will continue for some time
Answers
Answer:
C the Ecenomy has been well for while and is
at its highest piont of the cycle
Explanation:
hope it helps
Answer:
The economy is in a period of growth that will continue for some time
Explanation:
Based on comparable trading metrics, what is the implied enterprise value if the median p/e ratio is used as the basis for valuation?
Answers
The implied enterprise value is based on comparable trading metrics when the median P/E ratio is used as the basis for valuation is $315,618. Hence, Option A is correct.
What are comparable trading metrics?
Comparable trading metrics or comparable company analysis (CCA) is a process. It is the process that is used for the purpose of evaluation. Here evaluations are done with the help of using the metrics of a similar type of business. For instance,
Company A = 22.77 Company B = 22.05
Company C = 16.65 Company D = 32.54
Company E = 23.51
Using the median P/E ratio requires that arrange the values:
= 16.65, 22.05, 22.77, 23.51, 32.54
The median P/E is 22.77.
The value of Equity is = Earnings x Median P/E
= 13,423 x 22.77 = $305,618
The enterprise value is = Market value of debt + Market value of equity - Balance in a cash account
= 20,000 + 305,618 - 10,000
= $315,618
Thus, Option A is correct.
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The complete question is attached in text form:
Based on comparable trading metrics, what is the implied enterprise value if the median P/E ratio is used as the basis for valuation? Review Later $315,618 $305,618 $295,618 $325,618
Do you believe the government should play a role in speeding up or slowing down the economy
Answers
Answer:
Yes I do believe they should because it is important to speed up economy's rate of growth
under the concept of establishment of responsibility, how many people should have the ultimate responsibility?
Answers
Answer:
1
Explanation:
because we smart,im from forest hill
Answer:
1 because he or she can lead a group
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Mary Walket, president of Rusco Products, considers $14,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $8,000 in cash was available at the end of 2009 . Because the company reported a large net income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms. Walker.
The following additional information is available for the year 2009.a. Dividends totaling $9,000 were declared and paid in cash.b. Equipment was sold during the year for $8,000. The equipment had originally cost $20,000 and had accumulated depreciation of $ 10,000.c. The decrease in the Preferred Stock account is the result of a conversion of preferred stock into an equal dollar amount of common stock.d. Long-term investments that had cost $ 20,000 were sold during the year for $30,000.Required:Explain the major reasons for the decline in the company's cash balance.
Answers
1. Rusco Products
Statement of money Flows (Indirect Approach)
For the year ending New Year's Eve , 2015
Cash flows from operating activities:
Net income $30,000
Add (deduct) non cash effects on operating income
Depreciation expense $20,000 Movement in Account Depreciated account: - $50,000 - $10,000 = $40,000 - $60,000
Gain on sale of investment = $(10,000)
Loss on sale of kit = $2,000
Increase in deferred taxes = $8,000
Increase in assets = $(40,000 ) An increase should be deducted because it implies that not all sales were received in cash
Increase in inventory = $(50,000 ) a rise is deducted because cash was invested in inventory
Decrease in prepaid expenses = $4,000 A decrease are going to be added because no all expenses were paid in cash
Increase in accounts payable $63,000 a rise will be added as it implies that cash was generated from supplier credit
Decrease in accrued expenses $(9,000 ) A decrease is deducted as cash was spent to settle it
Net cash provided by operating activities $18,000
Cash flows from investing activities
Proceeds on sale of investment 30,000
Proceeds on sale of kit= 8,000
Purchase of kit = $(150,000 )
Movement in Plant and Equipment account: - $300,000 - $20,000 = $280,000 - $430,000
Net cash employed by investing activities =$(112,000)
Cash flows from financing activities:
Bonds issued 70,000
Proceeds from issuing stock = $20,000
Movement in common shares acc: - $250,000 + $(96,000 - $80,000 = 416,000) = $266,000 - $286,000
Dividends paid= $(9,000)
Net cash provided by financing activities = $81,000
Net decrease in cash =$(13,000)
Cash balance at January 1, 2015 = $21,000
Cash balance at New Year's Eve , 20= $8,000
2. The free income can be calculated from the cash flow statement like this:
Operating income =$18,000
Less: Capital expenditures =(112,000)
= Free income= $94,000
3. we will see from the cash flow statement that the company:
Managed to get a positive cash flow from operations despite the heavy investment in inventories and the increase in accounts receivable by increasing its trade credit.
The cash position declined though, due to the e purchase equipment es that was in excess of the amount raised from he bond issue.
Cash Flow Statement by the Indirect Method:
The income statement is one of the fundamental financial statements. In it, the state of the cash asset of a corporation is analyzed by reporting on how much cash was used y or provided by operating, investing, and financing activities.
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Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
.Fingertips, Inc. had the following financial data for the year ended December 31, 2017.
Cash $41,000
Cash equivalents 76,000
Long term investment 58,000
Total current liabilities 146,000
What is the cash ratio as of December 31, 2017, for Fingertips, Inc.? (Round the answer to two decimal places). O A. 0.48 OB. 0.3 OC. 0.82 OD. 0.39
Answers
the cash ratio as of December 31, 2017, for Fingertips, Inc. is 0.80. This means that for every dollar of current liabilities, the company has $0.80 of cash and cash equivalents available to cover its short-term obligations.
To calculate the cash ratio, we need to divide the sum of cash and cash equivalents by the total current liabilities.
Cash + Cash equivalents = $41,000 + $76,000 = $117,000
Cash ratio = (Cash + Cash equivalents) / Total current liabilities
Cash ratio = $117,000 / $146,000 = 0.80 (rounded to two decimal places)
The cash ratio is a liquidity ratio that measures a company's ability to cover its current liabilities with its cash and cash equivalents. In other words, it indicates how much cash a company has on hand to meet its short-term obligations.
A high cash ratio indicates that a company is in a strong financial position and is able to pay off its current liabilities without relying on external financing. On the other hand, a low cash ratio indicates that a company may face difficulties in meeting its short-term obligations.
In the case of Fingertips, Inc., the cash ratio of 0.80 suggests that the company has a relatively strong liquidity position. However, it is important to note that the cash ratio only takes into account cash and cash equivalents, and does not include other liquid assets that a company may have, such as accounts receivable or inventory. Therefore, it is always a good idea to look at a company's overall liquidity position and not rely solely on one ratio to assess its financial health.
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Which statement best summarizes the relationship between investments and
productivity?
O A. Companies use investments to reduce the opportunity cost of low
productivity.
OB. Companies with poor productivity use investments to become
more efficient.
OC.
O D. Companies use investments to reduce their need for high levels of
productivity.
Companies with high levels of productivity never need to worry
about investment.
SUBMIT
Answers
The statement that best summarizes the relationship between investments and productivity is companies with poor productivity use investments to become more efficient. Option B is the answer.
What is investmentAn asset is purchased as an investment when the goal is to use it to generate income, value appreciation, or both over time. It entails devoting resources like cash, time, or effort with the hope of gaining a lucrative return or advantage later on. Investments come in a variety of shapes and sizes, including stocks, bonds, mutual funds, real estate, and more.
Productivity is the indicator of how effectively inputs like labor, capital, and materials) are converted into outputs (like goods and services in a specific amount of time. In other words, productivity refers to the amount of output generated for each unit of input. It is frequently used as a gauge of competitiveness and economic growth.
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a.
3. A written communication between two departments of a company would be made by:
Letter
b. Memo
Intercom
d. Viewdata
C.
Answers
internet service providers
Match each of the following procedural steps to its appropriate chamber, indicating whether it occurs exclusively in the House, the Senate, or both
a. Senate only filibuster
b. House only processing by Rules Committee
c. House and Senate bill dies in committee
1. cloture vote
2. debate time allocated by bill sponsor
3. undergoes debate in subcommittee
Answers
A bill in both the house and the Senate dies in committee and is discussed in a subcommittee. The Senate is the only chamber to utilize a filibuster to block a cloture vote.
A rule establishing the "cloture" procedure, which enables a two-thirds majority to end a filibuster, was adopted by the Senate in the same year. From two-thirds of senators present and voting to three-fifths of senators present and voting, or 60 of the 100 senators, the Senate modified the requirement for cloture votes in 1975.
Bills may be divided up and sent to other committees in portions, or they may be referred to more than one committee. Committees may have time constraints imposed by the Speaker of the House. The calendar of the committee to which a bill has been assigned is updated.
The full committee receives the findings from the subcommittees. After the full committee has voted, the measure is "ordered to be reported." A "mark-up" session will be held by a committee where changes and additions will be made.
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positioning a product or brand effectively involves taking four steps, one of which is
a. Deciding whether to keep or delete a product group or item
b. Deciding which of your competitors would be the most effective partner in a corporate merger
c. Developing a new marketing program that conforms to your leading competitors offering
d. Indentifying market niches that were not previously discovered during the market segmentation process
e. Discovering how target costumers rate competing products or brands with respected to important attribute for the class
Answers
option A. Positioning a product or brand effectively involves taking four steps, one of which is The step that involves deciding whether to keep or delete a product group or item
What does it mean to position a product?Positioning a product refers to the process of creating an image or identity for a product in the minds of consumers in relation to its competitors.
The goal of product positioning is to create a unique and compelling perception of the product in the eyes of the target market, and to differentiate it from the competition. This involves identifying the unique features and benefits of the product, understanding the needs and wants of the target audience, and crafting a marketing message that resonates with them.
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APR is typically higher than the interest rate because
*
1 point
APR is only associated with smaller loans
the interest rate only factors in the principle
interest rate is a better picture of the coast as a whole
APR includes fees and other costs
Answers
Answer:mk
Explanation:km
If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?.
Answers
The error will be declared as overstated.
What is overstated?
If an account or a figure on an account is inflated, the amount represented on the financial statement will be more than it should be.
Auditors will question the board of directors of the corporation to explain why non-current assets in the accounts were exaggerated and not represented at their recoverable amount.
Preproduction expenses for the fiscal year 2010 were inflated by almost $4 million, totaling $55.4 million.
If an account or a figure on an account is inflated, the amount represented on the financial statement will be more than it should be.
The phrase "overstated" has two meanings when used by an accountant:
1. The reported sum is inaccurate, and
2. The amount that was reported exceeds what is true or accurate.
Another account will also have an inaccurate balance in a double-entry accounting or bookkeeping system.
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If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?
phillips company reported total credit sales of $460,000 for year 2. its accounts receivable totaled $70,000 and $100,000 at the beginning and end of the year, respectively. what was the cash collected from customers during year 2?
Answers
assume that the tire division has excess capacity, meaning that it can produce tires for the tractor division without giving up any of its current tire sales to outsiders. If Greely Motors has a negotiated transfer price policy, what is the lowest acceptable transfer price? What is the highest acceptable transfer price?
Answers
In a negotiated transfer price policy, the tire division can supply tires to the tractor division without sacrificing its external tire sales. The lowest acceptable transfer price would be the variable cost per tire, as the tire division should not accept a transfer price lower than its variable costs. This price ensures that the tire division covers its direct costs and avoids losses.
On the other hand, the highest acceptable transfer price would be the market price for tires charged to external customers. Since the tire division can sell its tires externally and earn a market price, it would not accept a transfer price higher than what it can obtain from external sales. This ensures that the tractor division does not pay more than the prevailing market price for the tires.
By setting the transfer price between the variable cost per tire (lowest acceptable) and the market price for tires (highest acceptable), both divisions can benefit from the internal transfer without compromising their respective economic interests. The specific values for the lowest acceptable transfer price and the highest acceptable transfer price would depend on the actual variable costs and market prices in the scenario.
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a mutual fund is prohibited by law from buying stocks in companies that produces rare gems.
Answers
In some cases, mutual funds may be subject to legal restrictions and regulations that limit their investment activities. One such restriction could be a prohibition on buying stocks in companies that produce rare gems.
This prohibition could stem from various reasons, including ethical considerations or concerns about the environmental or social impact of such industries.
The rationale behind this prohibition might be to avoid supporting or profiting from industries that are associated with illegal activities, conflict minerals, or unsustainable practices. Rare gems can sometimes be associated with illegal mining, smuggling, or unethical labor practices in certain regions. By imposing this restriction, the regulatory authorities aim to ensure that mutual funds operate in alignment with certain principles and values, which may include promoting sustainable investments, adhering to ethical standards, or avoiding investments in industries that may have significant negative impacts.
Ultimately, the prohibition on buying stocks in companies that produce rare gems serves as a mechanism to shape the investment choices of mutual funds and align them with specific legal requirements and societal expectations.
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which of the following is a workplace trend?
A - decreased outsourcing
B - decreased attention to diversity
C- increased use of manual labor
D - increased technology literacy
Answers
Answer:
increased use of manual labor
Explanation:
Advancement in technology has resulted in machines taking over manual jobs. A few decades ago, manual work was done by human beings exclusively. Industries hired many laborers to assist in many aspects of the business. Today, machines and robots are deployed in different sectors of the economy.
The current trend is the workplace is the use of modern technology. Computers, machines, and robots are gradually replacing people, mostly unskilled and manual laborers.
Which is true of variable-rate loans?
O The rate can only go up.
O The rate can only go down.
O The rate can go up or down, depending upon the index it is tied too.
O The interest rate can fall below 0
Answers
Answer:
c is the answer
Explanation:
The statement true of variable-rate loans is The rate can go up or down, depending upon the index it is tied to. Thus the correct option is C.
What are variable-rate loans?Borrowing with a variable rate means that the interest rate will change over time in accordance with market conditions. It is predicated on a fundamental benchmark interest rate or index, which fluctuates often with the market.
Since their initial rates of interest are typically lower than those of fixed-rate loans, the rates and payments are subject to fluctuation. Individuals are assessed an additional premium by banks and other financial institutions beyond this benchmark rate.
In addition to the payment schedule, variable-interest-rate loans operate much like credit cards. Variable interest rates may rise to the point that the borrower finds it impossible to repay the loan.
Therefore, option C is appropriate.
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Artemis wants his employees to get better sleep so that they stay healthy and thus take fewer sick days. He should recommend that his employees:
Answers
Artemis must recommend healthy practices to its employees such as eating properly, sleeping at least 8 hours a day, doing at least 1 hour of daily physical activity and avoiding consuming alcoholic beverages.
How to lead a healthy lifestyle?A healthy lifestyle is a type of lifestyle that combines various actions that improve the health of individuals by improving various aspects of their life.
What recommendations would you give someone to improve their lifestyle?Some recommendations to improve lifestyle are related to a healthy lifestyle because this has a positive impact on it. Some recommendations are:
Eat balancedDo not consume alcoholic beveragesDo physical activity dailySleep at least 8 hours a dayAccording to the foregoing, Artemis must recommend these practices to its employees so that their health remains in optimal conditions and their performance at work is not affected.
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what assumptions could be changed to shift the production possibilities curve? check all that apply. the fixed resources assumption the feasibility assumption the unchanged technology assumption the two-good-only economy assumption
Answers
The assumptions that could be changed to shift the production possibilities curve include the fixed resources assumption, the feasibility assumption, and the two-good-only economy assumption. The production possibility frontier (PPF) or the production possibility curve (PPC) is a graph that shows all of the possible combinations of two goods that a country can produce using its resources and technology.
The following are the assumptions that underlie the construction of the PPC: a. Fixed resources assumption. The fixed resources assumption is the assumption that the amount of resources is fixed. It means that the total amount of resources available is constant, and there is no way to change the amount of resources available.
However, in reality, the amount of resources available can change over time, and this can cause the PPC to shift. b. Feasibility assumption.
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summary Research And Insights On Why Millennials And Gen Z Will Drive Small Town Entrepreneurship
Answers
Answer:-Millennials (born 1981-1996) and Gen Z (born 1997-2012) are poised to drive small town entrepreneurship for several reasons:
Digital Savviness: Both generations are highly tech-savvy and comfortable with digital tools and platforms, which can help level the playing field for small town entrepreneurs and give them a more prominent online presence.
Remote Work: The pandemic has shown that remote work is possible and has led many people to re-evaluate their priorities and consider relocating to smaller towns where they can have a better quality of life. This trend could lead to an influx of entrepreneurs in small towns who can run their businesses remotely.
Interest in Entrepreneurship: Millennials and Gen Z are more likely to be interested in entrepreneurship than previous generations. A recent study found that 60% of Gen Z respondents are interested in starting their own businesses, compared to 53% of millennials.
Community-Focused Values: Both generations place a high value on community and social impact, which could drive them to start businesses that serve their local communities and have a positive impact on the environment.
summary:-Millennials and Gen Z are poised to drive small town entrepreneurship due to their digital savvy, remote work, interest in entrepreneurship, and community-focused values. Remote work has led to an influx of entrepreneurs in small towns who can run their businesses remotely, while Gen Z is more likely to be interested in starting their own businesses. Both generations place a high value on community and social impact, which could drive them to start businesses that serve their local communities and have a positive impact on the environment.
At time t you own one share of a stock that pays no dividends, and observe that F(t,T)< Z(t,T)
S t
. What arbitrage opportunities are available to you, assuming you can only trade in stock, zero coupon bond, and forward contract?
Answers
The arbitrage opportunity available in this scenario is to engage in a reverse cash-and-carry arbitrage.
In this situation, we observe that the forward price (F(t, T)) is less than the present value of the future cash flow (Z(t, T)St). This condition creates an arbitrage opportunity. The following steps can be taken to take advantage of this opportunity: Borrow money: Borrow an amount equal to Z(t, T)St at time t. Buy the stock: Purchase one share of the stock (St) using the borrowed money. Sell the forward contract: Sell a forward contract for the stock at time T, receiving F(t, T) as the forward price. Invest the proceeds: Invest the proceeds from selling the forward contract in a risk-free zero coupon bond that matures at time T. The value of this bond will be Z(t, T). Following these steps, you borrowed money to buy the stock, simultaneously sold a forward contract to deliver the stock at a higher price, and invested the proceeds in a risk-free asset. At the expiration of the forward contract (time T), you will deliver the stock and receive the forward price F(t, T). The proceeds from the forward contract will be used to repay the loan, and you will be left with a risk-free profit equal to F(t, T) - Z(t, T)St. This reverse cash-and-carry arbitrage allows you to exploit the price discrepancy between the forward price and the present value of the future cash flow, resulting in a riskless profit.
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which of the following skill do employers in any field expect their empolyees to have
Answers
Answer:
The following skills employers expect from employee in recent times are (1) Communications skills (2)Fair knowledge of how to combine both technology and solutions together. (3)Critical thinking (4) emotional intelligence (5) Good writing skills (6) Flexibility and Agility (7) Sound knowledge in M.S words.
Explanation:
Solution
The required skill that employers expect their employees to have as at today is given below:
Communications skills:do the employee know how to influence and persuade others. Can they and do they want to do this. Fair knowledge of how to combine both technology and solutions together to function better that is, blending solutions to boost the ideas with speed.Flexibility and agility : can the employee flexible or are they difficult and too set in their ways? Are they so tough and opinionated that its takes hours to convince them.Writing skills: Do they have the ability to persuade and pitch especially in the use of emails.Sound knowledge of MS(Microsoft word) words: Do the employees have basic knowledge and use in MS applications as at today.Overall, pleasant and kind personEmotional intelligenceCritical thinking: Will the employees see issues based on facts or emotionsAs the economy weakens, one would expect investment in ____________ funds to increase and investment in _____________ funds to decrease, all else held constant.
money market mutual; equity
Answers
It would be predicted that if the economy deteriorates, investments in money market mutual funds would rise while those in equities funds would fall.
What are the money and Equity market ?People frequently invest in money market mutual funds because they are still seen as safe investments compared to equities funds whenever the economy is poor.
Loans in money market mutual funds typically have a very short maturity, like 90 days.
The proper terminology are therefore money market mutual and equity.
Unlike capital markets, which are used for long-term securities, money markets are used for short-term lending or borrowing; typically, the assets are held for one year or less. They affect the capital either directly or indirectly. The equity market and the debt market are examples of capital markets.
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What is the best reason for homebuyers to create a budget before taking out a mortgage?
to compare the value of their home with that of their neighbors
to plan how to pay off the money they have borrowed
to set aside enough money to refinance the loan
to figure out how long they can stay in their home
Answers
The best reason for homebuyers to create a budget before taking out a mortgage is to : Plan how to pay off the money they have borrowed.
What is a mortgage?A mortgage is an agreement(legal) between a bank and the buyer in which the bank lends money to the buyer to purchase a house.
When a buyer takes a mortgage, the buyer agrees to pay back the money in full with an agreed interest rate, at a stipulated time.
Types of actions that can be taken with a mortgage are :
Purchase a homeMaintain a homeMaintain other types of real estateTherefore, the best reason for homebuyers to create a budget before taking out a mortgage is to plan how to pay off the money they have borrowed.
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Answer:
b
Explanation:
a government decides to set a price ceiling on bread of $2.40 so that bread is affordable to the poor. the conditions of demand and supply are given in the table below. what will be the price and quantity of bread purchased? price qd qs $1.60 9,000 5,000 $2.00 8,500 5,500 $2.40 8,000 6,400 $2.80 7,500 7,500 $3.20 7,000 9,000 $3.60 6,500 11,000 $4.00 6,000 15,000 responses $2.40; 6,400 $2.40; 6,400 $3.20; 1,000 $3.20; 1,000 $2.40; 8,000 $2.40; 8,000 $2.00; 7,000
Answers
The price and quantity of bread purchased will be $2.40; 6,400; and according to supply and demand.
How are supply and demand explained?The ability of the market to manufacture an item or service is referred to as supply, but the market's desire to buy the good or service is referred to as demand. The economic dynamic between producers and consumers of different goods is known as the law of supply and demand. According to the supply and demand hypothesis, a product's price is determined by two factors: its accessibility and consumer desire. Sellers will provide more of a product to the market if it has a high price.
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You just turned 18, and you can get your own credit card. But, because you are a young person with no credit history your interest rate will be relatively high at 26%. If your parents put you on their credit card account, your interest rate will be much lower at 16%. If you buy a new HDTV for $695. what would the difference be between the two cards over 8 months
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Answer:
d) $46.34
Explanation:
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