individual decision making is a good approach when: a. the leader has enough expertise to make a good decision. b. the decision will directly impact many agencies, individuals, or community members. c. commitment to the decision by other people is critical. d. the decision is complex with many possible solutions.

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Answer 1

Individual decision making is a good approach when: a. the leader has enough expertise to make a good decision.

Why is individual decision-making good?

Individual decisions are those made during the decision-making process where an individual chooses the course of action to be taken in the business from a variety of choices, whereas collective decisions are those made through group discussions that result in group consensus.

Individual decision-making saves time, money, and energy since people typically make rapid, sane decisions. Group decision-making, however, takes a lot of time, money, and effort. Compared to collective decisions, individual decisions are more focused and logical.

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Related Questions

item 3 george jefferson established a trust fund that will provide $221,500 per year in scholarships. the trust fund earns an annual return of 3.8 percent. how much money did mr. jefferson contribute to the fund assuming that only income is distributed?

Answers

$6,050,000 was contributed by Jefferson to the trust.

Selling goods & services is how a business makes money. Profit and both fixed and variable costs incurred during product manufacturing are included in revenue. The distinction between profit and fixed costs is known as margin.

How does contribution margin compare to gross margin?

Contribution margin is the profit that remains after variable costs are deducted from revenue, while gross margin is the profit that remains after the cost of goods sold is deducted from revenue.

What exactly is contribution margin and why is it so crucial?

It is a bookkeeping term that assists entrepreneurs and chiefs with following item productivity.Understanding the contribution margin is critical because it indicates how much of a product's revenue can be used to cover fixed costs and increase the company's profit.

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true or false: measuring portfolio risk properly and using measures such as the wilshire 5000 index make the process straightforward.

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The statement is False.  Measuring portfolio risk properly and using measures such as the Wilshire 5000 index make the process straightforward.

A undertaking portfolio is a collection of initiatives, applications, and approaches that are managed collectively and optimized for the financial and strategic dreams of an organization. A portfolio may be controlled at both the purposeful and the organizational degree.

The fundamental goal of portfolio management is to help select nice funding alternatives consistent with one's profits, age, time horizon, and threat urge for food. However, to make the maximum of portfolio control, investors need to opt for a management kind that suits their funding pattern.

The portfolio may be used to reveal boom over time, it could be used to promote a scholar's competencies, or it could be used to assess a pupil's gaining knowledge within a specific route. Its motive will also be an aggregate of all three areas.

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a problem is listed below. identify its type. the jimenez family purchased a new home. to fully furnish their new home, they took a loan from their credit union that charges 9% per year compounded monthly . the loan amount was $17,000. they wish to pay off this loan in 4 years. how much is their monthly payments? a) present value with compound interest b) future value with compound interest c) present value of an annuity d) amortization e) sinking fund f) none of the above. review later question 5

Answers

Fully furnish their new home, they took a loan from their credit union that charges 9% per year compounded monthly. the loan amount was $17,000, it is present value with compound interest type.

An individual or other entity incurs debt when they take out a loan. Lenders are typically businesses, financial institutions, The lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities is known as loan in the world of finance. Credit is the trust that permits one party to lend money or resources to another party; however, the second party does not immediately reimburse the first party but instead makes a promise to pay back or return the resources at a later time.

A credit is an entry that demonstrates the receipt of money in personal banking or financial accounting.

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which statement is a correct assessment about the whigs? group of answer choices their programs connected best with voters in isolated rural areas. they hoped to derail the market economy. they argued that the role of government was to promote the welfare of its people. the whig leadership criticized the american system.

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They argued that the role of government was to promote the welfare of its people is the correct assessment about the Whigs.

The Whigs were a political party in the United Kingdom that rose to prominence in the early 19th century. The Whigs advocated for the reform of the British government and were opposed to the policies of the Tory party.

The Whigs were led by prominent figures such as Charles James Fox and Edmund Burke. The party's name derived from the fact that they were originally a group of English country gentlemen who opposed the absolute rule of the king.

Hence, the "second" option is correct.

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a local business group stages a series of protests against the proposed city tax on soft drinks. soon, local media are covering the protests. the local business group is an example of:

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The local business group is an example of an interest aggregation. According to Almond, Powell, Dalton, and Strom, interest aggregation is the process through which the political demands of many groups and individuals are merged into policy plans.

Special interest groups known as "business interest groups" represent the interests of businesses or entire industries through associations and organisations. The National Association of Home Builders, the U.S. Chamber of Commerce, and the Better Business Bureau are a few examples (NAHB). A group of individuals without any other relationship to one another who just happen to be in the same area at the same time is known as an  interest aggregation.

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currently, about 53 % of municipal solid waste, as well as wastes from other sources, is disposed of by which method?

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Currently, landfills are used to dispose of around 53% of municipal solid waste as well as waste from other sources.

The landfill technique of garbage disposal involves digging a sizable pit in an open, low-lying location that is often far from residential areas. Large trucks are used to collect the waste, which is then deposited into pits. The pits are filled to capacity, then covered with earth and allowed to rot.

Solid waste is disposed of in well-managed, well-engineered landfills nowadays. In order to assure compliance with federal rules, landfills are strategically placed, planned, operated, and monitored.

The options for the question are:

• Incineration

• Recycling

• Composting

• Landfills

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under which approach to financing with receivables does the borrower act like it borrowed money from the lender, with the receivables remaining on the borrowers balance sheet and serving as collateral?

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With a secured borrowing, the borrower pretends to have borrowed money from the lender while still keeping the receivables as collateral on their balance sheet.

Give a brief account on secured borrowing.

A secured loan is cash you borrow that is guaranteed by a property you own, typically your house. Although secured loans can be a considerably riskier option, they often have lower interest rates than unsecured loans. It's crucial to understand how secured loans operate and what can happen if you can't keep up with your payments because your asset might be repossessed if you fall behind on payments.

Typically, one can obtain a larger loan than one might with an unsecured loan.Typically, one has pay an interest rate that is lower than that of an unsecured loan.If, for instance, a person don't have a solid credit history or is self-employed, it could be simpler to get authorized for a secured loan than an unsecured loan.

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g the market price of a stock is $53.24 and it just paid $5.08 dividend. the dividend is expected to grow at 4.18% forever. what is the required rate of return for the stock?

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The shareholder's needed rate of return will be 8.36% if the dividend growth is predicted to be constant at 4.18

The least return an investor will accept for owning a company's stock, in exchange for a specific amount of stock-holding risk, is known as needed rate of return. In corporate finance, the RRR is also used to evaluate the profitability of new investment projects.

Return to Shareholders Required = (D1/P0 * 100) + G

D1 is the anticipated dividend for the following year.

P0 = Share's Current Market Price

Growth Rate, G

Required Return for Shareholders

= (5.08/53.24* 100) + 4.18%

= 4.180 + 4.18 = 8.36%

Consequently, if a company's stock is currently trading at Rs. 53.24 and its expected dividend per share for the following year is Rs. 5.08 The shareholder's needed rate of return will be 8.36% if the dividend growth is predicted to be constant at 4.18%.

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silence can be a sufficient method of acceptance b) if the parties to a contract have habitually used this method to communicate assent. c) when the offeror leaves the jurisdiction after making the offer. d) when the contract is a unilateral contract. a) when the contract is a bilateral contract. e) when the offeree forgot to communicate its acceptance.

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Silence can be a sufficient method of acceptance if the parties to a contract have habitually used this method to communicate assent. Hence option B is correct.

At the point when an individual answers to no offer it isn't acknowledged in the majority of the cases. This is valid regardless of whether the proposition says silence will be viewed as acknowledgment. There are, be that as it may, rules for this standard. Assuming the connection between the gatherings is with the end goal that it isn't normal that the offeree to answer, silence by the offeree may constitute acceptance. Another special case would be where the offeree promptly comprehends that silence or an inability to answer implies acknowledgment of the deal. This by and large just emerges in circumstances where the offeror and offeree have a past filled with earlier dealings.

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a mortgagge loan in which the interest rate charged fluctuates with the level of current interest rates is called

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Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.

An interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that is interest rates subject to Variable interest rate regular changes is known as a variable interest rate (also known as an "adjustable" or "floating" rate).

A variable interest rate has the obvious advantage that if the underlying rate or index decreases, so do the borrower's interest payments. On the interest rates other hand, if the underlying index increases, interest payments rise. Fixed interest rates are stable, as opposed to variable interest rates.

Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.

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If the government levies a $5 tax per ticket on buyers of nfl game tickets, then the price paid by buyers of nfl game tickets would?.

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If the government levies a $5 tax per ticket on buyers of nfl game tickets, then the price paid by buyers of NFL game tickets would increase by less than $5.

A $5 tax imposed by the government results in a 1% increase for sellers and a 1% increase for purchasers in pricing. As a result, the price that consumers pay won't go up by the whole $5.

Revenues from taxes on income and profits, social security contributions, taxes on goods and services, payroll taxes, levies on the ownership and transfer of property, and other taxes are all considered to be taxes.

The amount of output that is taxed by the government is represented by total tax revenue as a proportion of GDP. It can be used as a gauge for the extent of governmental resource management in the economy. The total amount of tax revenue collected expressed as a percentage of GDP is used to calculate the tax burden.

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You bought a stock one year ago for per share and sold it today for per share. It paid a per share dividend today. What was your realized​ return?.

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12% was your realized return after bougth a stock for one year ago for $50 per share and sold it today for $55 per share .

In the given question we have , you bought rate a stock 1 year ago for $50 per share

sold rate of stock at today is $55 per share

It paid $1 per share dividend today .

To Compute the realized return and dividend yield on this equity investment we use the below formula

R = (dividend rate per share + sold rate of stock - bought rate of stock )/ bought rate of stock

here R is relaized return

Now, put all the values of given problem in above formula we get,

R = (1+ (55-50))/50 = 0.12 = 12%

So, the relaized return is 12% .

#Complete question:

You bought a stock 1 year ago for $50 per share and sold it today for $55 per share. It paid a $1 per share dividend today.What was your realized return?

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on january 1, a company issued 10%, 20-year bonds with a face amount of $80 million for $73,581,280 to yield 11%. interest is paid semiannually. what was interest expense at the effective interest rate on june 30, the first interest date? (enter your answers in whole dollars. round percentage answers to 1 decimal place (e.g., 0.0234 should be entered as 2.3).)

Answers

Therefore, $3,288,743 in interest expenses at the applicable rate on June 30 will be debited from the interest expense account.

First, we must comprehend the information that is unique to the inquiry.

The bonds have a face value of $90,000,000.

Bond cost equals $82,218, 585.

Discount rate = 7%

In addition, the bond's interest must be paid every two years.

Second, based on the face value, we determine the semi-annual interest.

= Coupon rate times $90,000 times the semi-annual period

= 6/12 x 0.07 x $90,000,000

= $3,150,000

Thirdly, we determine the semi-annual interest issued at this time's market bond price.

= The outstanding balance x the effective rate (/2 because it is semi-annual).

= 8/2 x $82, 218,585

= $3, 288,743

In light of the foregoing, the interest expenditure at the applicable rate on June 30 will be $3,288,743, which will be charged to the interest cost account. The difference between this rate and the calculated face amount (138,743) will be credited to the discount on bonds payable.

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by the end of 2011, threadless hired jason macatangay as vice president of finance. which of the following descriptions best encapsulates his primary role at the firm? multiple choice analyzes the market expansion and revenue growth plan for the firm collaborates with marketing to finance advertising and promotion campaigns ensures efficient operation, attainment of goals, and maintenance of trademark creativity borrows funds to sustain product innovation and growth manages the accounting of funds and inventory

Answers

Answer:Ensures efficient operation, attainment of goals, and maintenance of trademark creativity.

Explanation:

Answer:Ensures efficient operation, attainment of goals, and maintenance of trademark creativity.

Explanation: Submitted and got the right answer!

on the spreadsheet report, in the column for total fat (fat), you can see that brown rice (a whole grain) contains slightly more fat than white rice (a refined grain). what part of the rice grain accounts for this difference in fat content?

Answers

Brown rice has more calories than white rice.

What is Brown rice?Brown rice is  whole grain rice that has had its inedible  hull removed. This type of rice sheds the husk or husk, but leaves behind the bran and germ layers that form the brown rice or tan color of the rice. White rice is the same grain without the chaff, bran layer and  germ. Red rice, golden rice, and black rice (also called purple rice) are all whole grain rice with outer layers of different pigments.In general, brown rice should be cooked longer  than white rice, unless it is crushed or dusted with flour (pierce the bran without removing it). A 2003 study by Gujral and Kumar  estimated the cooking time to be 35-51 minutes. Brown rice has a shelf life of about six months, but can be significantly extended by storing in an airtight container, refrigerating, or freezing. Freezing it regularly also helps keep Indian flour moth infestations under control.

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true or false: under the pecking order hypothesis, a firm will raise capital by using its net income, selling its marketable securities, issuing debt, and then issuing stock as the last resort. false true

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According to the pecking order hypothesis, a company will first use net income to obtain money, then sell its marketable securities, issue debt, and then issue stock as a last resort. The statement is true.

Give a brief account on pecking order hypothesis.

According to the pecking order theory, businesses prioritize their financing options (internal financing to equity financing) and reserve equity financing as a last resort. Priority is given to internal resources, and when they are exhausted, debt is issued. When it makes no sense to do so, equity is issued. According to this theory, organizations follow a hierarchy of financing options and favor internal funding when it is available. If external financing is needed, debt is favoured above equity.

The pecking order hypothesis clarifies the function of the private equity sector and, more significantly, emphasizes the causes for its existence, regardless of a company's size or level of development. Unlike conventional financiers, who often just provide financial support to businesses, the private equity sector also provides information to the entire financial system and management capabilities to businesses. These characteristics distinguish this sector from credit or banking institutions.

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royal company purchased a dump truck at the beginning of 2015 at a cost of $60,000. the truck had an estimated life of six years and an estimated residual value of $24,000. on january 1, 2016, the company made major repairs of $20,000 to the truck that extended the life one year. thus, starting with 2017, the truck has a remaining life of five years and a new salvage value of $8,000. royal uses the straight-line depreciation method. what is the book value of the truck to be reported on the balance sheet at december 31, 2017?

Answers

Royal uses the straight-line depreciation method. $ 54133.34 is the book value of the truck to be reported on the balance sheet on December 31, 2017.

Depreciation for 2015 = [cost-salvage]/useful; life

                      =  [60000-24000]/6

                      = 36000/6

                      = $ 6000.

Book value at 1jan 2016 =cost -depreciation

            = 60000-6000= $ 54000

New cost after major repair  = 54000+20000= 74000

New life on 1jan 2016: 6 years

depreciation for 2016= [74000-24000]/6

                     =  50000/6

                     = 8333.33.

Book value at 1 jan2017 = 74000-8333.33  = $ 65666.67

Depreciation for 2017 = [65666.67-8000]/5

                          = 11533.33.

Book value at end of 31  December 2017 = Beginning book at 2017 -depreciation for 2017.

         = 65666.67-11533.33

        = $ 54133.34.

The term deprecation refers to an accounting system used to allocate the cost of a palpable or physical asset over its useful life. deprecation represents how important an asset's value has been used. It allows companies to earn profit from the means they enjoy by paying for them over a certain period of time.

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the pattern of protection in industrial countries is particularly harmful to the interests of a) low-income developing countries. b) high-income industrial countries. c) asian nations. d) european nations.

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The pattern of protection in industrial nations is especially detrimental to the interests of developing nations with low incomes. Hence, the correct answer choice for this question will be option (a).

Write a brief account on developing countries.

A sovereign state that is considered to be developing has a less developed industrial base and a lower Human Development Index (HDI) than other nations.  This term is not generally accepted, though. Although the phrase "low and middle-income country" (LMIC) is sometimes used synonymously, it only relates to the economies of the nations. Subgroups of developing countries include small island developing states, landlocked developing states, and least developed countries. The term "high-income countries" or "developed countries" is typically used to describe those at the other end of the range.

Due to their histories or geographical locations, developing nations frequently share some traits. For instance, in terms of colonialism and health risks, higher levels of pollution, they frequently have: lower access to clean water, sanitation, and hygiene; a higher proportion of people with tropical and infectious diseases (neglected tropical diseases); a higher number of road traffic accidents; and generally lower quality infrastructure

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suppose that a country's population is 27 million and is currently growing at a rate of 11% per year. if the population growth follows a logistic growth model with a carrying capacity of 63 million, calculate the annual growth rate when the population is 18 million.

Answers

Answer:

someone

Explanation:

Someone will answer you shortly.

which country which had discoruaged immmaigration in the past is now finding its economic influnece

Answers

Japan, is the country that formerly discouraged immigration, is now beginning to feel its economic influence.

What is immigration?

Immigration is the international movement of individuals to a country of destination where they are not natives or citizens in order to establish themselves as long-term residents or naturalised citizens.

Short-term visitors, commuters, and other travellers do not fit within the definition of immigration or migration; however, seasonal labour immigration is occasionally included.

According to research, migration has positive economic impacts for both the sending and receiving countries. With few exceptions, research shows that immigration generally has favourable economic effects on the native population. However, opinions are divided on whether low-skilled immigration has a negative impact on low-skilled natives.

From the perspective of the destination country, those who migrate across borders are referred to as migrants or immigrants. From the perspective of the nation they are leaving, however, they are referred to as emigrants or outmigrants.

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new employees at jarvis company cannot participate in the group term life insurance plan until they have worked at the company for three months. this initial period before a new employee can participate is called a(n)

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This initial period before a new employee can participate is called a probationary period.

The trial period of employment in a new company or job role is known as a probationary period. Before making a long-term commitment, it enables you and the company to get to know one another better. You have the chance to determine whether the position is relevant to your interests, skills, and abilities while the company makes the final decision regarding the candidate's suitability for permanent employment.

During your probationary period, the company typically exempts you from some of the employment rules that apply to regular employees. For instance, if the standard notice period for leaving a job is one month, it might be shortened to one week during the probationary period.

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discuss the importance of market for successful business​

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Answer:

Explanation: Market is important for a business because it helps the public to be aware of the products that your company is selling. It can also influence the customers into buying the product. It maintains a connection between your company and the public.

Answer:

The importance of marketing for your business is that it makes the customers aware of your products or services, engages them, and helps them make the buying decision.

Explanation:

Furthermore, a marketing plan, a part of your business plan helps in creating and maintaining demand, relevance, reputation, competition, etc.

if on november 26, 2017, the dow jones industrial average closed at 12,743.40, which was down 237.44 that day. what was the return (in percent) of the stock market that day?

Answers

-1.83% is  the return (in percent) of the stock market that day which was asked.

12,743.40 was the final price, which was lower.

It denotes that the initial cost was

$12,743.40 + $237.44

= $12,980.44.

The return percentage will be the

100x the return / initial cost

=- - 237.44/12,980.44 x 100

= - 0.018291574 x 100

= - 1.83%

The NASDAQ exchange is a prime illustration of a stock exchange. The National Association of Securities founded the NASDAQ stock exchange on February 4th, 1971. Four days later, the NASDAQ stock exchange's first trading day was announced.

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is the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people and especially from the online community rather than from traditional employees or suppliers. a. digital native b. reputation economy c. perpetual beta d. network effect e. crowdsourcing

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Through crowdsourcing, a sizable group of dispersed participants produce or provide goods or services, such as ideas, votes, minor tasks, and money, for pay or as volunteers.

What kind of example is crowdsourcing?

While some crowdsourcing participants occasionally work as paid freelancers, others complete simple chores for free. For example, traffic apps like Waze encourage users to independently report accidents on the road so that users can obtain real-time, updated information. The practice of asking a lot of people for the necessary data, products, or services is known as crowdsourcing. In his article "The Rise of Crowdsourcing" from Wired magazine in 2006, author Jeff Howe introduced the word "crowdsourcing," which combines crowds and outsourcing. Crowdsourcing is a method of obtaining products, ideas, or material with the help of numerous participants. In crowdsourcing, the "crowd" is frequently an outsider looking for answers. ts.

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assume that the interest parity condition holds. also assume that the u.s. interest rate is 8% while the u.k. interest rate is 6%. given this information, financial markets expect the pound to:

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Assume that the interest parity condition holds. also assume that the u.s. interest rate is 8% while the u.k. interest rate is 6%. given this information, financial markets expect the pound to appreciate by 2%.

What Kinds of Financial Markets Are There?

The stock market, bond market, foreign exchange market, commodities market, and real estate market are a few examples of financial markets and their functions. Financial markets can also be divided into listed vs. OTC markets, primary vs. secondary markets, capital markets, money markets, and listed vs. money markets.

How Do the Financial Markets Function?

All financial markets operate primarily by bringing together buyers and sellers of some asset or contract and allowing them to transact with one another, despite encompassing a wide range of asset classes and having a variety of structures and laws. A process for price discovery or an auction is frequently used for this.

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lance paid $21,000 for seven acres of land six years ago. during the current year, lance donated the land which now has a fair market value of $30,000 to his church. lance will

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Lance will be able to deduct $30,000 as a charitable contribution.

The criminal definition of a charitable enterprise (and of charity) varies among international locations and in a few instances regions of the united states of America. The regulation, the tax remedy, and the manner in which charity law affects charitable corporations additionally vary. Charitable businesses might not use any in their funds to income men or woman folks or entities.[2] (but, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership). A charitable organization [1] or charity is an organization whose primary targets are philanthropy and social well-being (e.G. Academic, spiritual or other sports serving the general public interest or not unusual true).

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an economy that is undergoing industrialization, is growing faster than developed economies, and has capital markets that usually entail greater risk is referred to as a(n)

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An undergoing industrialization and growing faster than developed economies is an emerging market economy.

An economy that is evolving into a developed market economy is an emerging market economy. These often have a monetary union, equity markets, and banking system, which means they are industrialising, and because of their quick growth and can provide investors with higher profits.

Key traits of such an economy are economic expansion, growing per capita income, accessibility to overseas investors, and a reliable legal regime. As a market economy develops, it frequently becomes more integrated with the larger economy. Thus, it may see higher trade volume, more liquid local debt and equity markets, and foreign direct investment all of which generally involve more risk.

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you would like to buy shares of sirius satellite radio (siri). the current ask and bid quotes are $4.34 and $4.31, respectively. you place a market buy order for 630 shares that executes at these quoted prices. how much money did it cost to buy these shares? (round your answer to 2 decimal places.)

Answers

To buy these shares, the cost of money will be $2,734.20.

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock that doesn't pay dividends doesn't include its shareholders in the distribution of profits.

The calculation is as follows:

According to the data provided in the question

Current ask price = $4.34

Bid quotes = $4.31

Number of markets buy order = 630 shares

As concerned with the above data, the cost to buy these shares equal to

= Number of market buy orders × Current ask price

= 630 shares × $4.34

= $2,734.20

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in a natural monopoly, a. the marginal revenue curve is horizontal. b. society would be better off if antitrust laws were used to create many different firms in the market. c. if the government requires marginal cost pricing, it will likely have to subsidize the firm. d. the marginal cost curve is positively sloped

Answers

In a natural monopoly, if the government requires marginal cost pricing, it will likely have to subsidize the firm.

In microeconomics, two types of costs are important: marginal costs and fixed costs. The marginal cost is the cost of serving one more customer to the company. The marginal cost decreases with economies of scale in an industry where a natural monopoly does not exist, which is the vast majority of industries, and then increases as the company experiences growing pains (overworking its employees, bureaucracy, inefficiencies, etc.).

The cost structure of a natural monopoly is very different. A natural monopoly has a high fixed cost for a non-dependent product, but its marginal cost of producing one more good is roughly constant and small.

Natural monopolies are believed to exist for two reasons: economies of scale and economies of scope.

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a company's inventory records indicate the following data for the month of april if the company uses the first in first out method and the perpetual inventory system what would be the cost of the ending inventory

Answers

The first-in, first-out method of inventory valuation is referred to as the FIFO method. It is assumed that the first items purchased will be sold in this manner. It is the most widely accepted and one of the easiest methods to comprehend.

Which is superior, LIFO or FIFO?

Inventory management using the FIFO (first in, first out) method aims to value inventory so that the company is less likely to lose money when products expire or become obsolete. Non-perishable goods benefit more from LIFO (last in, first out) inventory management, which uses current prices to determine the cost of goods sold.

What is FIFO technique recipe?

The cost of your oldest inventory is multiplied by the amount of inventory sold to calculate FIFO (First-In, First Out), whereas the cost of your most recent inventory is multiplied by the amount of inventory sold to calculate LIFO (Last-in, First-Out).

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