Under absorption costing, net income is d) $896,250.
In addition to direct materials, direct labor, and variable overhead costs, absorption costing is a method of inventory costing that includes the fixed manufacturing overhead cost as part of the product cost.Under absorption costing, the fixed manufacturing overhead is a product cost, whereas under variable costing, it is a period cost.
Absorption costing, also known as "full costing," is a managerial accounting technique for recording all product manufacturing costs.This method accounts for both direct and indirect costs like rent, insurance, direct labor, and direct materials.
What is the formula for absorption costing?
The formula for absorption costs is direct labor costs, direct material costs, variable manufacturing overhead, and fixed manufacturing overhead.
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The ________ system conversion approach is thought to be risky because the new system might fail.
The whole system conversion approach is thought to be risky because the new system might fail.
The riskiest conversion method, especially for large, complicated systems, is whole system conversion. It also takes the least time to accomplish. Because the system is introduced progressively throughout modular conversion, risk is somewhat reduced. However, it lengthens the procedure and increases costs.
Conversion risk is the lack of confidence surrounding the costs of alternative constructions that could take its place in the event of severe damage. Because conversions are far less common than sales, it is less visible than equity risk. The demand for property insurance is impacted by the two types of externality risk.
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what is not correct about the social housing projects in chile developed by architecture firm elemental, led by alejandro aravena (who was awarded the 2016 pritzker architecture prize)?
The freedom for owners to expand their buildings within the parameters set forth
In the Build Back Better Act—was it approved?President Biden authorized its passage on August 16, 2022. The House gave its approval.
What does "build back better" mean?Building Back Better (BBB) is a term we use to refer to a holistic idea that uses post-disaster reconstruction and recovery as an opportunity to enhance a community's physical, social, environmental, and economic conditions in order to effectively and efficiently build a more resilient community [1].
What does the new Build Back Better Act contain?The main objectives of the plan are to lower consumer prescription drug prices, restructure corporate taxation, lower current and future inflation rates, extend health insurance subsidies under the Affordable Care Act, and reduce greenhouse gas emissions while increasing domestic energy output.
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in most developed countries (such as the united states), is (are) among the largest purchasers of goods and services.
In most developed countries (such as the united states), the central government is (are) among the largest purchasers of goods and services.
A government is the gadget to manipulate a nation or community. The Columbia Encyclopedia defines government as "a machine of social manage beneath which the right to make laws, and the right to put in force them, is vested in a selected group in society".
A government is the machine or organization of human beings governing an prepared network, typically a kingdom. inside the case of its wide associative definition, government usually consists of legislature, executive, and judiciary.
Governments provide the parameters for ordinary conduct for citizens, shield them from out of doors interference, and regularly provide for his or her properly-being and happiness.
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One consequence for defaulting on a loan is to have your wages garnished. What does this mean?.
This means your money is legally withheld from your paycheck and sent to another party.
What is Garnishment?
It refers to a legal procedure that directs a third party to take money out of a debtor's paycheck or bank account on their behalf.
The third party also referred to as the garnishee, is frequently the debtor's employer. Employers are not allowed to terminate a worker in order to avoid processing a garnishment payment under federal law.For debts including unpaid taxes, cash penalties, child support obligations, and unpaid student loans, garnishments are used. The Consumer Credit Protection Act places restrictions on what can be deducted from earnings, with the exception of unpaid taxes, and past-due child support.For more questions like Garnishment click the link below:
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because of poor management, the stock price of rearden steel inc. falls and many investors sell their shares. soon rearden steel becomes the target of a hostile takeover, during which dildred buys enough shares to exert control over the firm. in this scenario, dildred performs the role of a(n)
In this scenario, Dildred performs the role of corporate raider.
What is a corporate raid?In the world of business, a corporate raid is the process of purchasing a sizable stake in a company and then using shareholder voting rights to force the company to take novel actions intended to boost the share value, usually in opposition to the desires and practices of the corporation's current management. Top executives might be changed, operations may be scaled back, or the company may be liquidated as one of the measures. In the United States, corporate raids were particularly prevalent between the 1970s and the 1990s. By the end of the 1980s, management of numerous sizable publicly traded firms had implemented legal defenses against potential hostile takeovers and corporate raids, such as poison pills, golden parachutes, and increases in the amount of debt on the balance sheet of the company.
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What is the monetary impact on a shareholder if a company declares a 3-for-1 stock split?.
The monetary impact on shareholders if a company declares a 3-for-1 stock split is that the shareholder will receive an additional two shares for every share he or she owns.
Stocks are one of the most popular forms of money market instruments today. Shares, which are also called securities or stock, are securities that state proof of ownership of a company or business entity. Shares can also be interpreted as a sign of the capital participation of a person or business entity as a certain party in a company or limited liability company. By including capital, the party has a claim on income, company assets, and has the right to attend the general meeting of shareholders.
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instead of offering flashy incentives like gym memberships, office parties, and expensive lunches, netflix prides itself on having an organization with great team members dedicated to achieving common goals. this shared belief is an example of a strong
Instead of offering flashy incentives like gym memberships, office parties, and expensive lunches, Netflix prides itself on having an organization with great team members dedicated to achieving common goals. this shared belief is an example of a strong Organizational culture.
Employee impressions of corporate practises and policies are shaped by organizational culture, which consists of shared ideas and values transmitted to lower levels of management by top management and company leaders. This behavior is required of employees and team members as part of the culture.
What is Organizational culture?
The notion of organizational culture has historically been disputed among researchers. Edgar Schein, a pioneering researcher in this area, defined "organizational culture" as a collection of traits, including a common "pattern of basic assumptions" that group members have grown accustomed to over time as they develop the skills to successfully handle both internal and external organizationally relevant problems. In his 1951 book The Changing Culture of a Factory, Elliott Jaques first presented the idea of culture in the context of organizational settings. A case study of changes in the social life of one industrial neighbourhood between April 1948 and November 1950 was the subject of the book. The "instance" included a publicly traded British business whose primary activities were the production, distribution, and maintenance of metal bearings. The study focused on describing, analyzing, and developing corporate group behaviors.
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instead of offering flashy incentives like gym memberships, office parties, and expensive lunches, netflix prides itself on having an organization with great team members dedicated to achieving common goals. this shared belief is an example of a strong
Two investment centers at Marshman Corporation have the following current-year income and asset data Investment Investment Center EB 90,000 $600,000 $3,900,000 2,700,000 Center A Investment center income Investment center average invested assets The return on investment (ROI) for Investment Center A is: o 728.30% o 2710% O 12.56% O 45.20 22.10
The return on investment for the Investment Center A is 27.10%.
What is return on investment?ROI, also known as return on costs (ROC), is calculated as net revenue (during a period of time) divided by investment (costs resulting from an investment of some resources at a point in time). An investment's advantages surpass its costs when the return on investment is significant. ROI is used as a performance statistic to determine how effective a particular investment is or to evaluate the effectiveness of several different investments. In terms of economics, it is a way to connect investment returns to capital. Business professionals use the return on investment (ROI) statistic to compute the rates of return on investments made in an economic entity over a specified period and decide whether or not to make an investment.
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what are the similarities and differences between the transaction detail by account and the general ledger? when would you use one versus the other as a business owner or manager? give specific examples. g
Ledger is where accounts are managed, while Account is where transactions are recorded.
What distinguishes an account from a general ledger?Ledger is where accounts are managed, while Account is where transactions are recorded. Basically, we determine the type of transaction as it happens, and then it is recorded in the appropriate account. All financial transactions will be first documented in the General Journal, which is a book. After these financial transactions are first recorded, or say entered in the General Journal, they will be put into individual accounts, which we termed the General Ledger. The beginning balance, any debits and credits to the account for the time period, and the closing balance are all displayed in the ledger.
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a focus on long-term customer loyalty is an essential element of
A focus on long-term customer loyalty is an essential element of relationship marketing.
A customer is the recipient of an excellent, service, product or an concept - received from a supplier, seller, or provider through a economic transaction or trade for money or some other precious attention.
A client is normally defined as someone who buys an amazing, product, or carrier. more particularly, customers are people or agencies currently buying, have purchased, or may be inquisitive about buying a products or services from some other individual or employer.
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Who should fill out the w-2 form? a. the taxpayer’s employer b. the taxpayer c. a qualified tax professional d. the irs please select the best answer from the choices provided a b c d
The employer should fill out the w-2 form.An employer is an individual that hires another individual .
A form is a document with blank spaces for users to fill out or check options for a collection of documents with related contents. The printed portions of the documents are typically the same, excluding perhaps a serial number. When filled out, forms can be statements, requests, orders, etc.; a check can be a form. A person or a company that offers one or more people a paying job is referred to as an employer. (An example of your employer is the business you work for.) An employer is someone who hires workers to perform work and duties for them while an employee is someone who works for a company and receives a salary.
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when a speculative attack on the exchange value of a currency results in a depreciation of that currency, it is called a(n) blank______ crisis.
when a speculative attack on the exchange value of a currency results in a depreciation of that currency, it is currency crisis.
Currency crises have occurred frequently in recent history. These include a sudden and significant devaluation of a country's currency, along with erratic markets and a lack of confidence in the economy. Even though currency crises are frequently sudden, they can occasionally be predicted.
A currency crisis is described as a speculative assault on a currency's foreign exchange value that causes a sharp depreciation or compels the government to sell foreign exchange reserves and hike interest rates at home to defend the currency.
Avoiding currency crises requires:
By creating jobs and enforcing a sound monetary policy, the government should keep inflation low.The nation can avert a currency crisis by implementing policies that are welcoming to investors.Maintaining fair monetary policies. Maintaining good trade relations with the other countries.to know more about currency crisis visit
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A company needs construction equipment to complete a project over the next 20 months. The equipment costs $10,000. Instead of purchasing the equipment with a 12% note, the company leases the equipment with payments of $300 due at the end of each month. For what amount would the company record the lease liability at the beginning of the lease?.
The amount would the company record the lease liability at the beginning of the lease is $5414
Explanation and Format
Lease liability = monthly lease payment * Present value annuity (1%,20)
= 300 * ((1-(1.01)^-20)/.01)
= 300*18.04555
= $ 5414
Thus the correct answer is $ 5414
Legal responsibility is something a person or organization owes, usually a sum of money. Liabilities are settled over the years via the transfer of financial advantages along with money, items, or services.
Recorded on the right aspect of the balance sheet, liabilities encompass loans, money owed payable, mortgages, deferred revenues, bonds, warranties, and gathered prices.
Liabilities may be contrasted with assets. Liabilities refer to matters that you owe or have borrowed; belongings are matters that you own or are owed.
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companies issue bonds, preferred stock, and common equity to raise capital to invest in capital budgeting projects. capital is a necessary factor of production, and like any other factor, it has a cost. this cost is equal to the -select- required return on the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes.
Capital is a necessary factor of production, and like any other factor, it has a cost. This cost is equal to the. Companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital and use this average cost for capital budgeting purposes.
A corporation, abbreviated as co., is a legal entity, natural, legal, or a mixture of both, which is a collection of people with a specific purpose. Company members have common goals and work together to achieve specific goals. Enterprises take many forms, including The corporation itself has limited liability
if the member performs or fails to perform its obligations under its publicly declared incorporation or published policy. When a company closes, liquidation may be required to avoid further legal obligations. can merge and register together as a new company. The resulting entity is often called an enterprise group.
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calistoga produce estimates bad debt expense at 0.50% of credit sales. the company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively, at december 31, 2023. during 2024, calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1,720 in accounts receivable were written off.
If the company estimates bad debt expense at 0.50% of credit sales. The bad debt is $1,575.
How to find the debt expense?Using this formula to find the bad debt
Bad debt = Credit sales and collections × Credit sales percentage
Where:
Credit sales and collections =$315,000
Credit sales percentage = 0.50%
Let plug in the formula
Debt expense = 315000×.5%
Debt expense = $1,575
Therefore the bad debt expense is the amount of $1,575.
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The complete question is:
calistoga produce estimates bad debt expense at 0.50% of credit sales. the company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively, at december 31, 2023. during 2024, calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1,720 in accounts receivable were written off.
Calistoga's vad debt expense is:
abc corp.'s balance sheet shows its long-term debt to be $20 million. the debt was issued with a 10% interest rate, and the current interest rate is 7%. based on this information alone, the market value of this debt is most likely:
This debt has a market worth of more than 20 million, most likely.
What Is the Formula for the Balance Sheet?A company's assets, liabilities, and equity are balanced to create a balance sheet. Total assets are equal to total liabilities plus total equity. The aggregate of all short-term, long-term, and other assets is referred to as total assets. Asset = Liability + Capital is the formula used in balance sheets, and both of its sides are always equal. It considers the current and individual accounts of a company's credit as well as debit balances. Liabilities of a business are the credit balance that falls under the personal account. A balance sheet is a financial statement that lists the assets and liabilities of a corporation at a certain point in time. One of the three fundamental financial statements is it.
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_____is a form of warehousing in which a wide array of goods is held close to the source of demand in order to ensure short customer lead times.
An assortment is a form of warehousing in which a wide array of goods is held close to the source of demand in order to ensure short customer lead times.
What is assortment warehousing?Assortment warehouses store combinations of products in anticipation of customer orders. An assortment can represent multiple products from different manufacturers or a special assortment according to customer specifications.It is the storage of goods that are later sold or distributed. While small home businesses may store products in guest rooms, basements, or garages, larger businesses typically own or rent space in buildings designed specifically for storage.Warehousing and warehousing of goods play an important role in logistics supply chains around the world. Warehouses not only provide 24/7 secure storage but also store goods centrally, greatly simplifying logistics planning and organization.to know more about warehousing refer
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promotion is the set of marketing communication activities designed to inform and persuade groups of people. these people are limited to
Promotion is a set of marketing communication activities designed to inform and persuade a group of people. these people are limited in the information they can get.
Promotion is a communication activity carried out by a person or company to the wider community. The goal is to introduce the product to the public and influence them to buy and use the product. That is, promotion is an activity that is very commonly carried out by marketers to be able to provide information related to a product and also encourage potential consumers to want to buy goods or services offered by the company. This activity will generally combine several forms of promotion, such as advertisements, discounts, or company-branded t-shirts.
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a significant difference between consumer and business markets isa.how effective marketing mixes are developed.b.the population or segment size.c.the way target markets are defined.d.the segmentation by psychographic variables.e.how buyer behavior is understood.
The segmentation of the markets according to psychographic factors is a key distinction between the consumer and commercial markets.
Describe psychographic segmentation.To successfully psychographically segment your contacts, you must understand the characteristics of your clients. Individuals with normal personalities could be creative, emotional, extroverted, introverted, opinionated, gregarious, closed-off, and organized.Personality, Lifestyle, Social Status, AIO (Activities, Interests, Opinions), and Attitudes are the five psychographic segmentation characteristics on the basis of which homogeneous segments can be constructed for appropriate research.Based on the sector, ownership, level of technology, and target market, business markets divide their enterprises into subgroups. Consumer markets, on the other hand, divide their clientele according to geographic, behavioral, psychographic, and demographic factors.To learn more about Psychographic factors refer to:
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find the cost of each item in 8 years, assuming an inflation rate of 9% (compounded continuously). (round your answers to the nearest cent.) (a) cup of coffee, $3.25 $ (b) sunday paper, $2.75 $ (c) big mac, $4.10 $ (d) gallon of gas, $3.15
Assuming an inflation rate of 9% (compound constantly), the price of each item in 8 years will be $6.67, $5.64, $8.42, and $6.47.
What does the inflation rate mean?The Consumer Price Index (CPI), which is a weighted average of prices for various items, is used to measure inflation. Depending on which products are deemed to be indicative of a common consumption basket, a particular set of commodities makes up the index. The index will therefore include a variety of commodities depending on the nation and the general consumption patterns of the populace.
The overall value of the CPI will depend on the weight of each commodity in relation to the entire basket because some goods may see a decrease in price while others may experience an increase. Annual inflation is the percentage change in the CPI from the same month the year before.
Calculation:
(a) Cup of Coffee, $3.25
Here,
X=0.09*8 years = 0.72
P= current price = $3.25
Future price [tex]= P*e^{x}[/tex]
Future price [tex]=3.25*e^{0.72}[/tex]
[tex]=6.67[/tex]
Thus, the cost after 8 years compounded continuously would be $6.67.
(b) Sunday Paper, $2.75
Here,
X=0.09*8 years = 0.72
P= current price = $2.75
Future Price [tex]=P*e^{x}[/tex]
Future Price [tex]=2.75*e^{0.72}[/tex]
[tex]=5.64[/tex]
Thus, the cost after 8 years compounded continuously would be $5.64.
(c) Big Mac, $4.10
Here,
X=0.09*8 years = 0.72
P= current price = $4.10
Future Price [tex]=P*e^{x}[/tex]
Future Price [tex]= 4.10*e^{0.72}[/tex]
[tex]=8.42[/tex]
Thus, the cost after 8 years compounded continuously would be $8.42.
(d) Gallon of gas, $3.15
Here,
X=0.09*8 years = 0.72
P= current price = $3.15
Future Price [tex]=P*e^{x}[/tex]
Future Price [tex]=3.15*e^{0.72}[/tex]
[tex]= 6.47[/tex]
Thus, the cost after 8 years compounded continuously would be $6.47.
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what implications does the effect on residents have for the firm, and how would you describe it using economic terminology? (select all that apply.)
Residents have to suffer from economic transaction, it would be described in economic terminology as External Cost
Explanation of External cost
A cost suffered by a person, business, or community as a result of an economic transaction in which they are not actively participating is known as an external cost. Both production and consumption can result in external expenses, which are often referred to as "spillovers" and "third party costs."
External cost includes
Purchasing consumer goods commonly creates waste in terms of packaging, as well as other environmental costs including carbon emissions resulting from travelling to stores and outlets.Environmental costs can also arise from the production process, including direct costs from emissions and costs from transportation and distribution.Excessive fishing can deplete fish stocks and lead to unemployment in the fishing industry in the future.To learn more about external cost
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In the absence of market failures, a perfectly competitive market equilibrium is efficient for which of the following reasons?
a. Consumer surplus is maximized and consumers are better off relative to producers.
b. Producer surplus is maximized and producers are better off relative to consumers.
c. Total economic surplus is maximized and all mutually beneficial transactions are exhausted.
d. Total economic surplus is distributed equally between producers and consumers.
e. The quantity of output is produced at a constant cost so that every consumer pays the same price.
A perfectly competitive market equilibrium is effective for most purposes when market failures are not present. All mutually beneficial transactions are completed, and the overall economic surplus is maximized.
Market supply and demand must balance one another to reach equilibrium, which leads to stable prices. In general, when there is an abundance of goods or services, prices decline, which increases market failures demand, while when there is a shortage, prices rise, which decreases demand.
The equilibrium price is where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways momentum, it can be said that the forces of supply and demand are equilibrium relatively equal and the market is in a state of equilibrium.
Economists find that prices tend to fluctuate around the equilibrium levels. If the price rises too high, market forces will incentivize sellers to come in and produce more. If the price is too low, additional buyers will market failures bid up the price. These activities keep the equilibrium level in relative balance over time.
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the board of directors of laylow corporation issued 1,000 shares representing 10 percent of the corporation to don in exchange for an unsecured promissory note to pay laylow $50,000 within the next 20 years. don is the son of charles, owner of 70 percent of the shares of the corporation. the total book value of the corporation at the time laylow issued the shares was $5,000,000. alan and bob, owners of 20 percent of the total shares, discovered the transaction one month after it occurred. alan and bob sued don on behalf of laylow corporation seeking to invalidate the transaction. should the court invalidate it?
This rule's application is that the Laylow Corporation board of directors is not permitted to issue shares for less than the shares' par value.
The decision is that the transaction should be declared invalid by the court.
Don received 1,000 shares of Laylow Corporation, or 10% of the company, in exchange for an unsecured promissory note that he would pay Laylow $50,000 within the next 20 years. Charles, who owns 70% of the corporation's shares, has a son named Don. At the time Laylow issued the shares, the corporation's total book worth was $5,000,000. One month after the transaction had a place, 20% of the shares' owners Alan and Bob learned about it. On behalf of Laylow Corporation, Alan and Bob sued Don in an effort to have the deal thrown out.
The transaction should be declared void by the court. By approving a transaction that was not in the corporation's best interest, the board of directors violated its fiduciary obligation to it. The value of the existing shareholders' interest in the company was diminished by the board of directors by issuing shares to Don at a discount to market value. Additionally, by issuing shares in exchange for an unsecured promissory note, the board of directors put the organization in danger. The corporation will be helpless if Don breaches the note.
The corporation and its shareholders will benefit most if the transaction is declared invalid. If Don doesn't pay the promissory note, it will safeguard the value of their shares and stop the firm from suffering any losses.
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a partner contributes property or services in exchange for the general ownership interest called a(n)
A partner contributes property or services in exchange for a general ownership interest known as a partnership interest.
A contribution claim is a claim brought by one or more defendants to a lawsuit for monetary damages brought by a plaintiff. A contribution claim states that the party is entitled to "contribution" from a third party for any monetary damages granted to the plaintiff. For example, if a plaintiff sues a homeowner for damages caused by a garage door, the defendant homeowner could add a third party, the manufacturer of the garage door, to contribute to any damages awarded to the plaintiff based on the proportionate share of responsibility, liability, or fault assigned to the homeowner and the manufacturer by the jury. Contribution claims are typically filed with the initial complaint.
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managers often cite cost issues during the end phase of a project as one of their biggest challenges and the main cause of conflict.
a. true
b. false
Managers often cite cost issues during the end phase of a project as one of their biggest challenges and the main cause of conflict B) false.
Fast-tracking involves doing activities in parallel that one would typically do in sequence. the main advantage of fast-tracking is that it can shorten the time needed to finish a project. After working with key stakeholders to define activities and calculate their resources, the following process in project time management is to: estimate the duration of activities.
It is unnecessary to complete all of the activities on the network diagram for the project to finish. The main outputs of activity resource estimating include a project schedule network diagram, requested changes, and updates to the activity list and attributes.
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when the world bank makes a high interest loan to the haitian government, demanding payback within 10 years and without providing the tools for self-sufficiency, we have an example of
When the World Bank makes a high-interest loan to the Haitian government, demanding payback within 10 years and without providing the tools for self-sufficiency, we have an example of (B) how the periphery and the semi-periphery play games with one another in the modern world system.
What is Periphery?The economic scale between core and periphery nations is reversed. They are the least developed nations in comparison to the core and semi-periphery nations, and are typically low- or middle-income nations that receive an unfairly little fraction of the world's wealth. The periphery—outlying regions with inadequate communications and sparse population—is compared with the core—a key part of an economy with good communications and a high population density that contribute to its prosperity (for example, see unemployment).Countries that have been oppressed and taken advantage of by other nations include Western Europe, the Anglo-Saxon nations, as well as Russia and China. Latin American, African, Asian, and former Soviet Union nations are considered to be peripheral nations (such as my homeland, Poland).Therefore, when the World Bank makes a high-interest loan to the Haitian government, demanding payback within 10 years and without providing the tools for self-sufficiency, we have an example of (B) how the periphery and the semi-periphery play games with one another in the modern world system.
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Complete question:
When the World Bank makes a high-interest loan to the Haitian government, demanding payback within 10 years and without providing the tools for self-sufficiency, we have an example of
Group of answer choices
a. how racism works independently of financial constraints
b. how the periphery and the semi-periphery play games with one another in the modern world system
c. a situation unique to Haiti
d. the development of underdevelopment
a policy in which the marginal costs of undertaking the policy equal the marginal benefits of that policy is best called an:
A policy in which the marginal costs of undertaking the policy equal the marginal benefits of that policy is best called an optimal policy.
What is an optimal policy?A policy that is as good as or better than all other policies is said to be an optimal policy.In other words, an ideal policy will be valued as highly as feasible in every state.There is usually at least one best course of action, but there could be more.The best course of action in a finite Markov Decision Process (MDP) is one that simultaneously maximizes the value of all the states.In other words, if an ideal policy exists, then the policy that maximizes state s' value and state s' value itself are equivalent.
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Trucking llc enters into a contract to deliver a certain quantity of potatoes to united foods’s refrigerated warehouse in exchange for a specified payment. Trucking delivers the spuds to the location. United’s duty to pay is.
Trucking LLC enters into a contract to deliver a certain quantity of potatoes to united foods’ refrigerated warehouse in exchange for a specified payment. Trucking delivers the spuds to the location. United’s duty to pay is absolute.
Most small trucking agencies and unbiased proprietor operators choose to sign up as an LLC, which stands for restricted liability corporation.
An LLC is sort of a business enterprise that separates your business assets from your private property but it's miles a lot easier to manipulate than an organization, mainly for small organizations.
Most trucking business enterprise owners select to establish an LLC for his or her business because it offers flexibility in how they run their employer.
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a friend convinced the owner of a vacant store to allow him use of the store for a one-year period for $12,000, to be payable in monthly installments of $1,000. this amount was significantly below its fair rental value. their agreement was not reduced to writing. near the end of the year, the friend and the owner discussed an extension of the arrangement, but did not arrive at an agreement. the owner informed the friend that, if the friend remained, the rent would be raised to its market value. the friend objected. after the end of the one-year period, the friend remained in the store. the friend sent the owner a $1,000 rent check. the owner returned it to the friend, indicating that the rent was now the fair rental value of the premises. is the owner correct that the friend is obligated to pay the fair rental value of the premises?
Yes, The owner is correct because the friend was informed about the rent increase before the beginning of the rental period and the increase is reasonable.
What is a rental period?
Rental Period means the period beginning on the Commencement Date and ending on the last day of the calendar month preceding the month in which the first anniversary of the Commencement Date occurs; thereafter, each succeeding Rent Period shall begin on the day following the end of the preceding Rent Period and shall extend for 12 consecutive months. Rent Period refers to the period beginning on the Completion Date and ending on the first Rent Payment Date, and then each period from one Rent Payment Date to the next Rent Payment Date after that.
So, the required answer is YES.
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the type of short-term financing for which the financing cost is most closely tied to the creditworthiness of a firm's customers is:
The financing cost is most closely tied to the creditworthiness of a firm's customers is factoring.
What is factoring?Factoring is the sale of recipients without recourse; that is the risk that the company's customers do not pay or do not pay on time is borne by the factor that you end up buying. Thus, the amount paid by the originator per dollar of receivables is lower (higher discount or interest rate) if the creditworthiness of the company's credit customers is lower.
There are mainly two types of factoring financing
regressive factoring non-regressive factoring.A factoring company purchases the company's outstanding invoices for a factoring fee, which is deducted when full payment is received from the customer.
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