A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operation, it served a small community that would now have to travel another 20 miles to the nearest grocery store. With help from a local realtor and banker, the couple purchased the store, remodeled it, and re-opened it. As new storeowners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called the invisible hand.
What's Invisible Hand?
The unobservable market pressure that facilitates the call for and deliver of products in a unfastened marketplace to reach equilibrium robotically is the invisible hand. Description: The word invisible hand changed into brought with the aid of Adam Smith in his book 'The Wealth of nations'.
What's the invisible hand idea?
Invisible hand, metaphor, delivered through the 18th-century Scottish logician and economist Adam Smith, that characterizes the mechanisms through which beneficial social and financial results may also arise from the accumulated self-fascinated movements of individuals, none of whom intends to bring about such effects.
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What term is a measure of the speed in which cash is spent by entrepreneurial firms, which often have negative income and a high growth rate?.
The term "velocity of money" refers to the measure of the speed in which cash is spent by entrepreneurial firms which often have negative income and a high growth rate.
What is a velocity of money?It refers to the frequency at which one unit of currency is used to purchase produced goods & services within a given time period. It can also be the number of times one dollar is spent to buy goods and services per unit of time.
If velocity of money is increasing, then, more of transactions are occurring between individuals in an economy. The frequency of currency exchange can be used to determine the velocity of a given component of the money supply.
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nning to finance higher education helps people prepare for their financial future because it teaches them aboutloans and interest.savings accounts.filing taxes.short-ter
Planning to finance better schooling helps people put together their monetary destiny because it teaches them approximately loans and interest. financial savings accounts: finances management and loans.
Finance, of financing, is the manner of elevating the price range or capital for any type of expenditure. it's miles the method of channeling numerous price ranges in the shape of credit score, loans, or invested capital to the ones economic entities that maximum want them or can position them to the maximum effective use.
Enterprise finance is the investment a commercial enterprise needs for business purposes. it's miles the money commercial enterprise owners require to start, run or increase an enterprise. This finance can come from some distinct places.
The starting place of finance can be traced to the start of civilization. The earliest ancient proof of finance is dated to around 3000 BC. Banking originated within the Babylonian empire, where temples and palaces have been used as safe locations for the garage of valuables.
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the hughes corporation, a company whose securities are publicly traded, prepares monthly, quarterly, and annual financial statements for internal use but disseminates to external users only the annual financial statements.
The Hughes corporation, a company whose securities are publicly traded, prepares monthly, quarterly, and annual financial statements for internal use but disseminates to external users only the annual financial statements.
Disagree; This is a violation of the periodicity assumption
A corporation is an enterprise—normally a set of people or a corporation—authorized by means of the kingdom to act as a unmarried entity and diagnosed as such in regulation for positive functions. Early integrated entities were established via charter. maximum jurisdictions now permit the advent of new corporations via registration.
A organization, sometimes called a C corp, is a legal entity it's cut loose its proprietors. agencies can make a earnings, be taxed, and may be held legally accountable. companies offer the most powerful safety to its owners from private liability, but the price to shape a organization is better than other systems.
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If the credit to record the payment of an account payable is not posted:___.
a. liabilities will be understated.
b. expenses will be understated.
c. cash will be overstated.
d. cash will be understated.
If the credit to record the payment of an account payable is not posted cash will be overstated. The amount shown on the financial statement is greater than it should be if an account or a figure on an account is exaggerated.
Auditors will question the company's directors about why non-current assets were exaggerated and not represented at their recoverable amount in the accounts. If a corporation overstates its assets or understates its obligations, it will have an exaggerated net income,. Because you add net income to retained earnings at the end of the period, overstating net cash inflates retained earnings and owner's equity.
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What is the benefit of filing a tax return even if you didn’t make enough money?.
The benefit of filing a tax return even if one did not make enough money to qualify for tax is because of Withheld Taxes.
What are Withheld Taxes?Tax withholding is income tax that is paid to the government by the payer of the income rather than by the recipient of the payment. It is also referred to as tax retention, Pay as You Go, Pay as You Earn, or a Prélèvement à la source. Thus, the tax is either withheld from or subtracted from the recipient's due income. The amount of income tax withheld from your paycheck is what your employer deducts on your behalf. The changes to the tax code may impact your withholding. In addition, Federal Income Tax Withheld from W-2 represents the amount of federal tax that was deducted from your salary and forwarded to the IRS by your employer. The latter sum is used to pay your federal income tax, which is the earlier amount. The amount withheld may exceed or fall short of the computed tax amount.
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The consumer price index in june 2006 was 159.3 (1982-84 = 100). what does this indicate about prices from 1982-84 to june 2006?
The consumer price index in June 2006 was 159.3 (1982-84 = 100). what does this indicate about prices from 1982-84 to June 2006 is Rose 59.3%.
The cause of a manipulated chart is to set higher and lower bounds of perfect performance given ordinary variation. In other words, they offer a first-rate way to display any sort of procedure you have in the vicinity so you can discover ways to enhance your poor overall performance and continue with your successes. to use the formula Subtract A from B to find out how an awful lot the charge of that particular proper or carrier has modified.
The CPI is the most broadly used measure of inflation and is every so often viewed as a trademark of the effectiveness of government monetary policy. To calculate CPI or consumer rate Index upload collectively a sampling of product costs from a previous year. Then, add together the present-day prices of the same products. Divide the total of contemporary prices via the vintage expenses then multiply the result with the aid of hundred. the overall cost of the products and offerings sold with the aid of a normal purchaser.
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in the aftermath of the bp oil spill, it was crucial to be able to analyze and diagnose the situation to determine what caused the spill and what effect it would have on the company and the environment. these skills are considered skills.
In order to identify what caused the BP oil spill and what impact it will have on the corporation and the environment, it was critical to be able to assess and diagnose the problem. They are regarded as conceptual skills.
Soft skills known as conceptual skills help with critical thinking and the capacity to perceive the larger picture in difficult corporation circumstances. Strong conceptual abilities may help a person do well in the areas of strategic planning, abstract concept understanding, and creative thinking. Conceptual skills are a complement to what are known as "hard skills." Hard skills, sometimes referred to as technical skills, include expertise in certain tasks like software programming or machine welding. Since most projects tend to combine both technical expertise and broad conceptual skills thinking, teams need team members who excel in both sorts of talents to take on large endeavors.
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which choice best describes why it is important to incorporate the requirements into the project scope statement?
It is important to incorporate the requirements into the project scope statement because without it project managers would have no clue what time, cost or labor was involved in a project.
What is project scope statement ?
To guarantee that teams deliver their work on schedule and to specification, a project management plan is essential. However, before project managers can create a thorough strategy and a project team can carry out that plan, everyone must understand what work has to be done and why it is crucial.
The project scope statement enters the picture in this situation. The work that must be done in order to complete a project on schedule and within the authorized budget is thoroughly described in the project scope statement. The project's goals and its results, such as a product that a corporation is releasing to the market or analysis that leadership will use to make an informed business choice, are also listed in the document.
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Suppose that both of the events you have just analyzed are partly responsible for the decrease in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the decrease in the price of hamburgers?.
If the equilibrium quantity of hamburgers increases, then the supply shift in the market for hamburgers must have been larger than the demand shift.
The demand curve shifts to the correct. It occurs because people change by reversal to consuming pizza rather than hamburgers. With the new demand curve and also the given supply curve, the new equilibrium price increases.
A decrease in demand and a rise in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity can not be determined. For any quantity, consumers now place a lower value on the price, and producers are willing to just accept a lower price; therefore, price will fall.
The demand curve shifts to the proper. It occurs because people turn to consuming pizza rather than hamburgers. Pizza and hamburgers are substitute goods. When the worth of substitutes decreases then demand for goods decreases similarly.
So, if the value of hamburgers has decreased then this can lead to decrease in demand for pizza. Given the provision of pizza, this decrease in demand for pizza will end in an increase within the price of pizza.
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drag the items to classify each event as movement along the demand curve or a demand curve shift. the good is fertilizer for flowering plants.
Movement Along Demand Curve the fertilizer becomes cheaper and the fertilizer becomes more expensive. Factors That Shift Chicken manure, a substitute for fertilizer, becomes more expensive, and Roses become cheaper.
The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. In a typical representation, the price will appear on the left vertical axis, and the quantity demanded on the horizontal axis.
As described above, the general form of a demand curve is that it is downward-sloping. The demand curve for most, if not all, goods conforms to this principle. There may be rare examples of goods that have upward-sloping demand curves. A good whose demand curve has an upward slope is known as a Giffen good.
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while consumers often seem irrational in their behavior when making purchase decisions, all consumers follow a process. their ultimate goal of relieving the tension caused by unsatisfied needs is achieved by following a stepwise process of problem solving. different consumers spend different amounts of time on each step of the consumer decision process based on the nature of the problem and the experience they have trying to solve a particular problem.
People's perceptions of the benefits and risks of a given technology are crucial to their acceptance of it and, consequently, to their willingness to use it.
It has been suggested that customers' views are commonly created based on heuristics and biases, or other characteristics like trust or affect, due to resource limitations. Heuristics reveal that although some consumer actions seem illogical, they are actually quite predictable.Prior to the development of scientific risk analysis, people used 'intuitive toxicology,' or the use of the senses to identify toxicological dangers. Consumer product ingredients, like food additives and cleaning products, are subject to extensive risk assessment, but the procedures are complicated and there is ongoing debate about the degree of uncertainty involved. Additionally, there is a wealth of false information about these purportedly dangerous chemicals available on the internet.Thus this is the answer.
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when planning a trip and making a decision to drive or take the train, the cost of car repairs and maintenance is a(n)
The cost of car repairs and maintenance is a relevant when planning a trip and making a decision to drive or take the train
The phrase "relevant cost" in managerial accounting refers to avoidable costs that are only incurred in connection with specific business activity. In order to eliminate unnecessary information that can make judgments harder, the concept of relevant cost is used. Consider the decision of whether to sell or keep a company unit using relevant cost as an example.
A sunk cost is the antithesis of a relevant cost; it has already been paid for regardless of how the current choice turns out.
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Matsumoto training has sales of $705,000, depreciation of $17,600, interest expense of $2,090, costs of $144,000, and a tax rate of 21 percent. what is the operating cash flow for the year?
The operating cash flow if the tax rate is 21% is $445,234.90
What is operating cash flow?
Operating cash flow is the amount of Matsumoto training generates from its operations, it is determined as the net income plus the depreciation.
Net income=(sales-costs-depreciation-interest)*(1-tax rate)
sales=$705,000
costs=$144,000
depreciation=$17,600
interest paid =$2,090
tax rate=21%
net income=($705,000-$144,000- $17,600-$2,090,)*(1-21%)
net income=$427,634.90
operating cash flow=net income+depreciation
operating cash flow=$427,634.90+$17,600
operating cash flow=$445,234.90
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There are no mechanisms in place to repair damaged or incorrect dna. select one:
a. true
b. false
"There are no mechanisms in place to repair damaged or incorrect DNA."
This statement is False.
Deoxyribonucleic acid (abbreviated DNA) is a molecule that includes genetic statistics for the improvement and functioning of an organism. DNA is made from related strands that wind around every different to resemble a twisted ladder — a form called a double helix.
The statistics in DNA is saved as a code made from 4 chemical bases: adenine (A), guanine (G), cytosine (C), and thymine (T). Human DNA includes approximately three billion bases, and extra than ninety-nine percent of these bases are equal in all people.
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suppose that in a given country from one year to the next, the general price level rises while the quantity of goods produced also rises. what can we determine about the values of nominal and real gdploading...?
The values of nominal and real GDP will rise but the value of nominal GDP would rise more than that of real GDP
What is real and nominal GDP?
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Nominal GDP is the GDP that is calculated using current year prices. If the prices in the economy is rising and the quantity of goods produced is also rising, then nominal GDP would increase.
Real GDP is the GDP of a country that is calculated using base year price. Real GDP is not calculated using current year prices. Thus, it has been adjusted for inflation. If the quantity of goods and services being produced rises, it means that Real GDP would also increase.
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The market for mobile phones contains only a few major producers. if more mobile phone producers enter the market, what will happen?
If more mobile phone producers enter the market, the market will become more competitive and there will be a greater quantity of the good available in the market.
A hypothetical market system is referred to as perfect competition. Perfect competition offers a valuable model for illustrating how supply and demand influence pricing and behavior in a market economy, despite perfect competition seldom occurring in actual markets. There are numerous buyers and sellers in a market with perfect competition, and prices always reflect supply and demand. Producers only make as much money as is necessary to stay in operation. Other businesses would enter the market and reduce revenues if they were to make excessive profits.
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What did new york state do in response to the public outrage expressed here over the triangle fire tragedy?
Appointed a factory commission that developed labor reform.
A factory commission may be a major ad-hoc formal public inquiry into a defined issue in some monarchies. they need been held in the United Kingdom, Australia, Canada, New Zealand, Norway, Malaysia, Mauritiusand Saudi Arabia . A factory commission is analogous in function to a commission of inquiry (or, less commonly, enquiry) found in other countries like Ireland, South Africa , and Hong Kong . it's considerable powers, generally greater even than those of a judge but restricted to the terms of reference of the commission. These powers include subpoenaing witnesses, taking evidence under oath and requesting documents.
The commission is made by the head of state (the sovereign, or their representative within the form of a governor-general or governor) on the advice of the government and formally appointed by letters patent. In practice—unlike lesser sorts of inquiry—once a commission has started the government cannot stop it. Consequently, governments are usually very careful about framing the terms of reference and usually include in them a date by which the commission must finish.
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When an upscale grocer opened a store in a neighborhood of chicago that suffered from vacant buildings and a high crime rate—it charged lower prices on certain staple foods, including eggs and dairy, as part of its effort to?.
Charging lower prices on certain staple foods, including eggs and dairy, as part of its effort to eliminate food deserts for nutritional consumption.
Individuals' shopping habits, nutritional consumption, and weight status may be influenced by the availability and cost of healthful goods at grocery shops. The purpose of this study was to determine if store size or neighbourhood demographics have an effect on the availability and cost of healthy items in a sample of supermarkets and grocery shops. In 2008, a multi-site (Vermont and Arkansas) research evaluated 42 grocery shops using the Nutrition Environment Measures Study-Store (NEMS-S) instrument, a standardised observational survey. The area surrounding the business was described using census data from the store census tract (median household income and percentage of African Americans), and the size of the store was determined by the number of cash registers.
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the purpose of marketing theory is to generalize relationships between concepts in a way that is applicable to a wide variety of business and often other settings.
The managerial function of marketing coordinates and directs all company operations related to determining and converting client purchasing power. Following a set of organized steps is necessary for marketing research in order to provide accurate and valid data. Information that is pertinent to decision-making is provided by marketing research, which benefits marketing management.
Marketing research neither determines the course of action nor ensures success. Instead, market research assists in lowering the level of confusion surrounding the choices to be made.
Because it directs managers' day-to-day decisions, the marketing notion is a crucial philosophy for marketing managers. Because it constantly has the consumer in mind, the marketing notion has been acknowledged as the "correct mindset" for a long time.
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Federal orders imposing costs on state and local governments without reimbursement are known as?
Federal orders imposing costs on state and local governments without reimbursement are known as Regulations. A regulation is a declared law. In the government, several administrative agencies have limited jurisdiction to regulate behaviour within their purviews.
What is Regulation?The majority of service and infrastructure companies have historically been monopolies by nature or by law. Where it is much more effective for one supplier to offer services, like a water utility, a natural monopoly develops. A provider who has been given the exclusive legal right to offer services is said to have a legal monopoly.
There is a chance that consumers will be negatively impacted by the monopoly supplier in any circumstance of monopoly supply, whether it involves the private sector or not.
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If the assets of a business increased $109,000 during a period of time and its liabilities increased $77,000 during the same period, equity in the business must have?
When everything else is equal, a company's equity will rise along with its assets, and vice versa.
Increased $32,000.
$109,000-$77,000=$32,000.
Equity will drop if obligations are increased, however equity will rise if liabilities are decreased, for as by paying off debt. Modern accounting techniques are based on these fundamental ideas.
Liabilities reduce the value of and equity in your organization, but assets create value and raise equity. Your company's financial health is greater the more assets it has compared to liabilities. Both the asset (inventory) and liability (accounts payable) accounts grow as a result. An insolvent person is one whose assets are higher than or equal to their liabilities.
The net difference between a company's entire assets and its total liabilities is known as a company's equity, or shareholders' equity. In fundamental analysis, a company's equity is used to calculate its net worth. A company's total equity is calculated by deducting its liabilities from its assets. The balance sheet, one of a company's financial statements, contains the data needed for this calculation.
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E connective tissue type that has a distinctive population of cells suspended in a fluid matrix is called?
A connective tissue type that has a unique population of cells suspended in a fluid matrix is called: Blood is a connective tissue that has a fluid matrix, referred to as plasma.
The fluid part of complete blood, its matrix, is generally referred to as plasma. it's miles a tissue due to the fact it is a group of similarly specialized cells that serve precise functions. these cells are suspended in a liquid matrix that's known as plasma, subsequently, the fluid matrix of blood is known as plasma. solve any question about body Fluids and movement with:- styles of issues.
Blood is the simplest liquid tissue inside the frame that measures approximately five liters in the adult human and debts for eight percent of the frame weight. The body includes metabolically energetic cells that want a continuous delivery of nutrients and oxygen. a person whose fluid -- additionally called gender fluid -- is someone whose gender identity (the gender they pick out with maximum) isn't always constant. daily exchange over the years or from. Fluid is a form of gender identity or gender expression, in preference to orientation.
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during its first year of operation, cade company experienced the following events. (1) issued common stock for $7,000 cash. (2) earned $5,000 of cash revenue. (3) paid $3,000 of cash expenses. (4) paid cash dividends amounting to $1,000. before closing on december 31, the balance in the retained earning account would be
Before closing on December 31, the balance in the retained earning account would be $1,000
What are retained earnings?
Retained earnings are earnings retained in the business out of the net income, which are not paid to shareholders as dividends, in other words, the retained earnings can be ascertained as the net income of the company made in the year minus the portion of net income paid to stockholders as dividends.
retained earnings=net income-dividends
net income=cash revenue-cash expenses
cash revenue=$5,000
cash expenses=$3,000
net income=$5,000-$3,000
net income=$2,000
cash dividends=$1000
retained earnings=$2,000-$1,000
retained earnings=$1,000
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If a company closes any underapplied or overapplied manufacturing overhead to the cost of goods sold account, then cost of goods sold will be debited if manufacturing overhead is overapplied for the period. True or false?.
Underapplied or Overapplied manufacturing overhead to the cost of goods sold account, then cost of goods sold will be debited if manufacturing overhead is not overapplied for the period. false
Manufacturing:
Manufacturing is the process of generating or producing goods through the use of machinery, labour, machineries, tools, and chemical or biological processing or formulation. It is the basis of the secondary sector of the economy. The term can refer to a wide variety of human activity, from handmade to high-tech, but it is most commonly used in reference to industrial design, which involves the large-scale transformation of raw materials from the primary sector into completed commodities. Such commodities may be sold to other manufacturers for use in the construction of more complex products, or they could be distributed to end users and consumers via the tertiary industry (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers).
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A+certain+convertible+bond+has+a+conversion+ratio+of+and+a+conversion+premium+of+%.+the+current+market+price+of+the+underlying+common+stock+is+$.+what+is+the+bond's+conversion+equivalent?
The bond's conversion equivalent is $44.00
A bond conversion is a procedure of converting a bond into stocks. The wide variety of stocks that a bond may be transformed into relies upon at the conversion ratio, while the conversion charge determines the price consistent with proportion.
The conversion price is the amount an investor might acquire if a convertible safety is modified into common stock. This fee is arrived at via multiplying the conversion ratio (how many stocks are acquired in line with bonds) by using the market rate of the commonplace inventory.
Conversion Value = Conversion Stock Pree
Conversion Value = 50 * $40 $2,000
Conversion Pemiun = Conversion Premium (3) * Comerion Value
Market Price of Convertible Bond = $2,000%+5200 52.200
Conversion Pguivalent= Market Price of Convertible Bond Conversion Ratio
Conversion Equivalent = $2,200/50
= $44.00
Conversion Equivalent = Market Price of Convertible Bond Conversion Ratio
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N the united states, the control of the money supply is the responsibility of the:____.
N the united states, the control of the money supply is the responsibility of the Federal Reserve System.
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial crises led to a desire for centralized control of the monetary system to alleviate crises. financial crisis.
The Federal Reserve System provides the country with a secure, flexible, and stable monetary and financial system. The main functions of the Fed include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.
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In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of___________ decision making.
In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.
It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.
The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.
Rational decision-making examples include:
● A student chooses what to study in his post-secondary education.
● A commercial choice regarding what to buy for the company.
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One method of estimating the dividend growth rate is to calculate the discount rate that equates today's dividend with the dividend paid several years ago.
true or false
The discount rate that equates today's dividend with the dividend paid several years ago.- TRUE
what is discounted dividend valuation method?
The dividend discount model (DDM) is a quantitative method used for predicting the rate of a business enterprise's stock based on the idea that its present-day rate is worth the sum of all of its destiny dividend payments while discounted lower back to their present fee.
Is Gordon growth version similar to dividend discount version?
The Gordon increase version, additionally called the dividend bargain version, measures the value of a publicly traded stock by using summing the values of all of its anticipated destiny dividend payments, discounted again to their present values.
what's dividend increase charge version?
what is the dividend increase model? The dividend growth version is a mathematical components buyers can use to decide an inexpensive fair cost for a agency's stock based totally on its modern-day dividend and its predicted destiny dividend growth.
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countertrade is essentially an international barter transaction in which goods and services are exchanged for different goods and services.
Countertrade is essentially an international barter transaction in which goods and services are exchanged for different goods and services: True.
What is an international trade?International trade can be defined as a strategic process which typically involves the exchange (buying and selling) of goods, capital, and services (economic transactions) between two or more countries.
This ultimately implies that, an international trade involves economic transactions across international territories or borders, in order to meet the unending demands, requirements, needs, or wants of consumers.
What is a countertrade?Countertrade can be defined as an international barter transaction which essentially involves the exchange of goods and services for different goods and services.
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Complete Question:
Countertrade is essentially an international barter transaction in which goods and services are exchanged for different goods and services. True or False?
Dake corporation's relevant range of activity is 2200 units to 5000 units. when it p for financial reporting purposes, the total amount of product costs incurred to make 3,600 units is closest to:______.
When Dake Corporation makes 3,600 units, the total amount of product costs is closest to $50,940.
What is the product cost?The product cost to Dake Corporation can be found as:
= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
Solving gives:
= (3,600 x 6.85) + (3,600 x 2.80) + (3,600 x 1.50) + (3,600 x 3)
= 24,660 + 10,080 + 5,400 + 10,800
= $50,940
In conclusion, the total product cost is closest to $50,940.
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