The items which are needed to calculate macrs depreciation for an asset will be the asset's expected usefulness applicable recovery period.
What is macrs depreciation?MACRS is the main wear and tear method used for tax purposes. With MACRS, you can take more tax credits in the early stages of your property and less in later years. Depreciation is an important part of fixed asset accounting and many very small businesses use MACRS to record depreciation in their books and tax returns.When you purchase an asset (such as equipment, software, or even a building) for your business, you generally cannot write off the full cost of the asset in the year of purchase. Rather, the IRS allows you to deduct only a portion of the expense each year over the number of years the asset is expected to live.Depreciation allows companies to spread the cost of assets such as buildings, equipment and machinery, vehicles, and furniture over the years the assets are used.To calculate straight-line depreciation, subtract the asset's residual value (the expected value at the end of its useful life) from its cost. The result is the basis for depreciation or depreciable amount. Divide this amount by the useful life of the asset.To know more about MACRS depreciation refer to:
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a company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to the asset by recording an entry to remove it from the balance sheet. multiple choice question.
The company has decided to a) discard the asset by recording an entry to remove it from the balance sheet.
Asset disposal, which is usually accomplished by selling or scrapping an asset, is the removal of an asset from a firm's records. These are frequently long-term assets like machinery, technology, or corporate cars that helped to produce revenues. In the reporting period in which the asset disposal occurs, a gain or loss may need to be recorded on the transaction.
In the given case, the firm owns an asset which is likely to be a fixed asset. If a business holds an asset that has undergone complete depreciation, then the asset has no market value and is no longer utilised in operations. The asset has been decided to be discarded by the firm, and an entry has been made to remove it from the balance sheet.
Complete Question -
A company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to____the asset by recording an entry to remove it from the balance sheet.
a) Discard
b) Depreciate
c) Take a loss on
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norski manufacturing wants to implement a system that will track everything from customer needs, orders, shipping, and payments. which type of system would be the best for them to investigate?
Order management is the process of keeping track of customers' orders and managing the steps necessary to fulfill them.
Accepting the order is typically the first step in the process;deciding on, packing, and sending the items in the order;and then keeping track of them until they are delivered.
What is a system for tracking orders?
A component of customer order management, an order tracking system enables both customers and businesses to efficiently and precisely track orders after they have been made.By providing a single point of contact for the procedures and actions necessary for the successful delivery of a product, it aids both customers and businesses.
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the brazilian firm coffee trader group is a major supplier of south american coffee beans to processors around the world. ctg buys raw beans from domestic growers and resells them in global markets, while controlling all marketing and distribution of the beans everywhere they are sold. ctg is a(n):
CTG buys raw beans from domestic growers and resells them in global markets while controlling all marketing and distribution of the beans everywhere they are sold. CTG is a(n): Export-trading company.
Marketing is the process of exploring, creating, and delivering value to meet the requirements of a target request in terms of goods and services;( 1)( 2) potentially including a selection of target followership; selection of certain attributes or themes to emphasize in advertising; operation of advertising juggernauts; attendance at trade shows and public events; design of products and packaging seductive to buyers; defining the terms of trade, similar as price, abatements, bond, and return policy; product placement in media or with people believed to impact the buying habits of others; agreements with retailers, noncommercial distributors, or resellers; and attempts to produce mindfulness of, fidelity to, and positive passions about a brand.
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an organization learns from a social media site that less than 10 percent of users who visit their page engage with the video that is pinned to the top. this is an example of what type of information?
A company discovers through a social media platform that fewer than 10% of visitors to its page interact with the top-pinned video. This is an illustration of information that comes from customer interaction.
Customer contact is the exchange of information between a company and a client. This includes clients calling you for assistance or contacting you via social media with inquiries.
Every time you connect with a customer, you have the ability to influence how they feel about your company. Based on each encounter, customers modify their behavior. For your business, these adjustments might be beneficial or unprofitable. When you use good customer interaction techniques, your firm may flourish.
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sales of abc corporation's digital video cameras are rising rapidly, profits are peaking, and competitors are entering the market. abc is able to maintain its market lead. judging from this example, the digital video camera is in which stage of the product life-cycle?
Judging from this example, the digital video camera is in Growth of the product life-cycle.
The period of time between a product's introduction to the market and its removal from the shelves is known as its life cycle.
When a product is first introduced to the market, a company frequently pays more for marketing, but as product adoption increases, sales increase.
A product's life cycle has four stages: introduction, growth, maturity, and decline.
The growth stage follows if the product is a success. It is distinguished by increasing demand, rising production, and expanding availability. Different industries and products will require different lengths of time for a company's product to enter the growth phase.The product's popularity and recognizability increase during the growth phase. Even if a product faces fierce competition, a company may still decide to spend a lot of money on advertising. Instead of introducing their products to the market, marketing campaigns are more likely to focus on how their product stands out from the competition. A company may also improve a product's functionality in response to customer feedback.The growth phase of the product life cycle has a positive financial impact on revenue and sales. As rival products are offered by the competition, there is more competition, which could force the company to lower its prices and experience lower margins.Learn more about Product life cycle, here
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the dividends account is a permanent account, whose balance is carried forward to the next accounting period.
The given statement is False. All income statement accounts and dividends are temporary accounts. account carries forward from one fiscal year to the next. All balance sheet accounts except dividends are permanent accounts.
What do you mean by dividends account?
Dividend account can be defined as the sub-account that is generally maintained for the purpose of receiving and holding cash dividends paid by the Plan Sponsor on Employer Securities held by the Plan until distributed or invested in Employer Securities.
Dividends are generally consider the as an asset because they tend to increase the shareholders' net worth by the amount of the dividend. While for the companies, dividends acts as a liability because they reduce the company's assets by the total amount of dividend payments
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If a company is open about pay issues, what results are they likely to see, especially with millennial employees? check all that apply. improved retention reduced discussion of wages reduced concern about work-life balance improved job satisfaction
The most likely results will be Improved retention, reduced discussion of wages, reduced concern about work life balance and improved job satisfaction that is all the options are correct.
An organization hires employees and pays them for working in the firm at different levels. The pay scale of the employees are according to the designation of the employees. Whenever there is any abnormality in the pay scale of the employees the organization is solely responsible. However, if the firm remains open about the issues relating to payment, then it becomes easier for the employees as they manage their expenses accordingly. Also it gains trust of the employees and they remain permanent employees within the company. It also leads to lesser problems and discussions among the employees about the pay scale and lesser strikes by them regarding payment.
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Harrison is frequently nervous, tense, and worried, both at work and at home. He likely scores low on which of the big five personality dimensions?.
When Harrison is frequently nervous, tense, and worried, he likely scores low on extraversion dimension of the big five personality. In a nutshell, he scores high on the neuroticism dimension.
The Big Five Personality Dimension: ExtraversionAn extraversion personality likes to be accompanied by others. They like making friends and they get energized in the company of other people. This kind of person is usually talkative, assertive and expressive. This means that they like the idea of being famous and being the center of attention, including enjoying meeting new friends, new partners, new people and having many friends. People who score low in this personality commonly fall into neuroticism.
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jasmine gives all of her employees the same base salary and does not provide annual raises. however, throughout the year, she gives employees financial rewards tied to specific performances. the type of reward system used by jasmine is an example of .
The type of reward system used by jasmine is an example of financial rewards.
When the term "financial rewards" is used, it generally refers to all forms of financial compensation that an Employer offers an Employee in exchange for their efforts, skills, and completed work.
In organizations, there are primarily three types of financial incentives: skill-based compensation, profit-related compensation, and individual performance compensation. These three types of compensation are essential for both employers and employees.
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when comparing societies, it is always best to be in one with a lower degree of income inequality. this is: question 8 options: a) scientifically provable to be true since income inequality is the most important consideration, and certainly more important than whether incomes are rising or not. b) a normative statement, but cannot be proved to be true scientifically. c) clearly false since economic science proves that a rising income is the most important consideration. d) because the natural rights theory says that everyone has a right to an equal income in order to have a fair society.
when comparing societies, it is always best to be in one with lower income inequality. this is a normative statement, but cannot be proved to be true scientifically.
Income inequality refers to how income is distributed unequally across a population. The more unequal the distribution, the greater the income inequality. Wealth inequality, or the unequal distribution of wealth, is frequently associated with income inequality.
The gap between rich and poor continues to grow. If there has been any growth, it has disproportionately benefited higher-income groups, leaving lower-income households behind. This long-term rise in income inequality raises not only social and political concerns but also economic ones. It tends to drag down GDP growth as the lower 40% grows further apart from the rest of society. Lower-income people have been unable to realize their human capital potential, which is detrimental to the economy as a whole.
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when billing the insurance company, what resource provides the medical assistant with a common coding system representing procedures, supplies, and products not included in the cpt coding system?
HCPCS resource gives the medical assistant a common coding system to use when billing the insurance company for procedures, supplies, and items not covered by the CPT coding system.
Why is the HCPCS coding system used?A group of uniform codes known as HCPCS are used to identify medical procedures, supplies, goods, and services. The codes are used to make it easier for Medicare and other insurers to handle health insurance claims.
What does an HCPCS code do in terms of invoicing and insurance for healthcare?The Healthcare Common Procedure Coding System (HCPCS) is a database of codes that describe the procedures, products, and services that Medicare beneficiaries and people covered by private health insurance plans may get.
Do CPT codes appear in HCPCS codes?Level I and Level II of the HCPCS are the two main subsystems that make up the HCPCS. CPT (Current Procedural Terminology), a numerical coding system administered by the American.
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the manager at best buy gave their employees tickets to the movies whenever they sold more than $1000 worth of stereo equipment in a day. although the manager has had this policy in place for 4 weeks, they have seen no increase in sales (i.e., the behavior of the employees hasn't changed). the movie tickets would be classified as a(n) .
Although the manager has had this policy in place for 4 weeks, they have seen no increase in sales (i.e., the behavior of the employees hasn't changed). The movie tickets would be classified as unknown.
Risks that we are aware of and are also aware of their magnitude are known known risks. An corporation may, for instance, be aware that there is a chance they could lose 10% of their current client base to a new competitor.
The company is aware of the risk and has the ability to quantify it. Because all the necessary information is available, these risks are the easiest to handle.
The business only needs to make sure that it is prepared for the anticipated impact in order to manage the recognized risks. To make sure you keep an eye out for those recognized hazards, one feature may be combining a risk management methodology with business process workflows and integrated management change.
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one of the major advantages of process-oriented layouts is: a) high equipment utilization. b) large work-in-process inventories. c) flexibility in equipment and labor assignment. d) smooth and continuous flow of work. e) small work-in-process inventories.
One of the predominant blessings of technique-orientated layouts is flexibility in device and exertions assignment. (Option C is correct).
Process orientated format : A format that offers with low- volume, high- variety. product; like machines and outfit are grouped together. • This is a conventional manner to guide a product. difference strategy. The technique- orientated existent is the perfectionist who is eager on vindicating that they have got finished every step of the technique in step with the instructions.
When brazened with cloth coping with outfit they are trying to find out the packages and techniques of the way to control that outfit in preference to forming up their personal regulations. What are the traits of technique format: In technique format, the paintings stations and tool are not concluded in step with a selected product sequence. rather, there is an convention of alike operations or alike tool in every department( for illustration, a sample department, a make-up department, etc.)
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a 5.5 percent corporate coupon bond is callable in four years for a call premium of one year of coupon payments. assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? (assume annual interest payments.)
The bond's face value, also known as its par value, is the amount that the issuer must pay the bondholder at maturity.
What is the term for dividing a bond's market price by its annual coupon?The bond's current yield is the product of its price and the annual coupon. The coupon bond issued by Genova Corporation has a coupon rate of 10% per year for four years.
$1,000 plus the call premium, or 0.055 percent of $1,000, equals $1,055.
What is a bond with a 5% coupon?If an investor buys a $1,000 ABC Company coupon bond with a coupon rate of 5%, the issuer pays the investor 5% annually. This indicates that the investor will receive $50 annually, which is the bond's face value calculated by multiplying $1,000 by 0.05.
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If you are filing taxes for your 2021 income, the due date for filing would be.
"If you are filing taxes for your 2021 income, the due date for filing would be April 15 of the following year." You have to file them on or before 15th of April 2022.
In order to avoid paying interest and penalties, file your return early or prior to the stated due date on fourth month of the following year because it is also the date that the payment is due.
The so-called "Tax Day" in the United States typically occurs on April 15, the deadline for submitting individual tax returns to the Internal Revenue Service (IRS). The due date is postponed to the following business day if it falls on a weekend or holiday.
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in what way are debt securities, equity securities and derivatives similar? a.) they can all be converted to cash with little difficulty. b.) they all carry similar levels of risk. c.) they generate equivalent returns. d.) they are all fixed assets.
The way debt securities, equity securities and derivatives similar is because they can all be converted to cash with little difficulty.
Hence, option A is correct.
What do you mean by debt securities, equity securities and derivatives?
'Debt Security' is also known as fixed-income securities, most debt securities are traded over the counter. They are held by many large institutional investors as well as governments and nonprofit organizations.
They are present in
collateralized debt obligations collateralized mortgage obligations mortgage-backed securities zero-coupon securitiesEquity security is a financial instrument that represents an ownership share in a corporation. The typical equity security is common stock,
Derivative refers to a type of financial contract whose value is dependent on an underlying asset, group of assets, or benchmark.
From the above definition we can conclude that The way debt securities, equity securities and derivatives similar is because they can all be converted to cash with little difficulty.
Hence, option A is correct.
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on december 30th of the current year, kpmg signs a $150,000 contract to privide accounting servies to one of its clients in the next year. kmpg as a december 31 year-end. which accounting principles or assumptions requires kpmg to record the accounting services revenue from this client in the next year and not in the current year?
According to the business entity principle, a corporation and an individual or group of individuals are two distinct economic entities in the books of accounts. correct option is (B).
The recording of revenue in the books of accounts is related to the revenue recognition principle. When and how to recognize and record revenue in the books of accounts are dictated by this principle for the accountant. This principle states that the business acknowledges revenue when it is generated, realized, or not when settlement occurs. In this instance, signing a contract does not result in income being earned. When the corporation provides its services.
How do you recognize revenue?
According to the concept of revenue recognition, as opposed to being received, revenue is recorded when it is realized, or realizable and earned. Before looking at various exceptions to the rule, learn about the fundamentals and procedure of revenue recognition with examples of the recognized criteria.
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The question was incomplete. Check below the complete question.
on december 30th of the current year, kpmg signs a $150,000 contract to privide accounting servies to one of its clients in the next year. kmpg as a december 31 year-end. which accounting principles or assumptions requires kpmg to record the accounting services revenue from this client in the next year and not in the current year?
a. Business entity assumption
b. Revenue recognition principle
c. Monetary unit assumption
d. Cost principle
e. Going-concern assumption
dan is a project manager and met with two of his team members, ethan and theresa, for an update on the installation of a bathroom remodel. ethan reported the ductwork for the heating system is in bad shape and has to be replaced. they can finish it and get the system up and running in time, but we will have to buy more supplies. based on the information ethan provided about the progress of the project, dan was notified of a change that could negatively impact the . a.) project schedule b.) project scope c.) project budget d.) project deliverables
Based on the information provided about the progress of the project and being notified of any changes that could have a negative impact on the project budget.
The budget is a plan that is systematically arranged in the form of numbers and is expressed in monetary units which includes all activities in a company or organization for a certain period of time in the future. Because it is expressed in monetary units, the budget is also often referred to as a financial plan. A company or organization must have a budget, because it has an important role for monitoring the company's internal economic growth rate. Budgets are usually prepared at the beginning of the year for a period of one year or more.
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Answer: C - project budget
Explanation:
question content area if a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold? a.understated b.no change c.only inventory will be affected d.overstated
An erroneous physical inventory will cause the cost of goods sold and net income to be overestimated.
How does inventory work?All the goods, services, and equipment that a company keeps in hand with the goal of selling them for just a profit are referred to as inventory. Example: If a paper provider uses a vehicle to deliver newspapers to customers, just the newspaper will be considered inventory.
What are the four different types of inventory?Although there are more types of inventory, the four main ones are raw materials and components, finished goods, collaborate, and upkeep, repair, and operational supplies. Inventory is regarded as an asset by businesses since it costs money to purchase it, which it then sells for a profit.
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which word best describes the social, political, economic, and technological factors with which marketers interact?
Macroenvironment word best describes the social, political, economic, and technological factors with marketers interact.
The social science of economics examines how goods and services are made, distributed, and consumed. Economics focuses on the actions and interactions of economic agents as well as the operation of economies. Economics is the study of scarcity and its effects on resource use, the creation of goods and services, the expansion of production and welfare over time, as well as a wide range of other complex issues of paramount importance to society. Economics' most fundamental goal is to clarify how and why we choose the products we do. Numerous decisions made by people can be explained using the four fundamental economic concepts of scarcity, supply and demand of goods , costs and benefits, and incentives. The expansion of the labor force and the increase in labor force productivity are the two fundamental drivers of economic growth.
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arrange the five steps of the decision-making process given below in the correct order. a. obtain information b. make predictions about the future c. identify the problem and uncertainties d. make decisions by choosing among alternatives e. implement the decision, evaluate performance, and learn
Correct order is- C = Identify the problem and uncertainties
A = Obtain information
E = Make predictions about the future
B = Make decisions by choosing among alternatives
D = Implement the decision, evaluate performance, and learn
An individual goes through a decision-making process while deciding which alternative or course of action will best suit their needs. It is a series of actions performed by managers in an organization to decide the intended course for business objectives and to initiate particular actions. Business intelligence and analytics tools should be used to help analyze objective facts and base choices on them.
You begin the decision-making process by determining the issue or selecting the objective. After that, you look for information about the issue and design uncertainties using that data.
You then pick one of the scenarios and decide in accordance with it. If the choices don't lead to the problem being solved, a different option is picked, and step 5 is repeated.
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when contracts for the sale of real property are placed with a disinterested third party for executing and closing, they are said to beplaced in: group of answer choices safekeeping a title company of financial institution assignment escrow
The sale of real property are placed with a disinterested third party for executing and closing, they are said to be placed in escrow.
What is real property ?Real property, in the United States and Canada only, land means land owned by a person and any property incorporated into or attached to property, including crops, buildings, machinery, wells, dams, ponds, mines, and canals.It means a structure such as a road. The term is historical and arose from a now-defunct form of litigation, distinguishing between real property disputes. Real property or personality is all property that is not real property. In countries where real estate is privately owned, the status of real estate in the real estate market, where real estate agents operate on the real estate market, is protected by civil law. Scottish civil law refers to property as "inheritance", while French law refers to it as immovable.To learn more about real property from the given link ;
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which step involves making sure the interests of the stakeholders are addressed while using time and resources efficiently?
The focusing on program design making sure the interests of the stakeholders are addressed while using time and resources efficiently. A stakeholder is a person, group, or organisation who is affected by the outcome of a project or business initiative.
Stakeholders have an interest in the project's success and can be from within or outside the organisation that is supporting it. Stakeholder priority can be separated into three levels as a general guideline. The first and most significant group consists of employees, customers, and investors, without whom the business cannot function. Suppliers, community groups, and the media influencers are secondary.
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based on what you have learned and your own research can you provide examples of completion in the education market?
Geographic location also plays a role in competition. Schools in good areas will have more students or more wealthy students because parents prefer their children to study in their neighborhood.
In geography, location or place refer to a region on the Earth's surface or beyond. The term location often suggests a higher degree of certainty than place, the latter often signifying an entity with an uncertain boundary, relying more on human or social aspects of place identity and sense of place than on geometry. A locality, settlement, or populated location is likely to have a well-defined name, but a boundary that is not well defined fluctuates depending on context. London, for example, has a legal limit, but this is unlikely to be totally consistent with common usage. An area within a town, such as Covent Garden in London, nearly always contains some ambiguity regarding its extent.
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capital budgeting decisions are treated separately from capital structure decisions, even though these decisions may be highly interwoven. this interweaving is most apt to result in:
Firms that reject positive NPV, and all-equity projects because changing to a debt-based capital structure always results in negative net present values.
In business, capital refers to the total amount of financial assets required to produce goods or services. These funds can be used to start a business, cover daily expenses, or grow and expand it.
Simply put, capital refers to cash or financial assets held by a company or individual. Because capital is used to generate wealth for the business, it is classified as an asset in accounting.
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which of the following is not a reason why the aggregate-demand curve slopes downward? a. the wealth effect b. the interest-rate effect c. the classical dichotomy/monetary neutrality effects d. the exchange-rate effect e. all of the above are reasons why the aggregate-demand curve slopes downward.
The statement that is not a reason why the aggregate demand curve slopes downward are c. the classical dichotomy/monetary neutrality effects.
Combination demand is calculated because of the sum of customer spending, funding spending, government spending, and the distinction between exports and imports. Every time this type of factor modifications and when aggregate delivery stays regular, then there is a shift in combination demand.
Aggregate demand will increase when the additives of aggregate demand–including consumer spending, funding spending, authorities spending, and spending on exports minus imports–rise.
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theaters that offer lower ticket prices shortly before curtain time to fill empty seats are utilizing what type of pricing tactic?
Theaters that offer lower ticket prices shortly before curtain time to fill empty seats are utilizing. This type of pricing tactic is income-effect.
In the income effect, the effect is the resultant change in demand for a good or service caused by an increase or decrease in a consumer's purchasing power or real income.
The income effect is a part of consumer's choice, which relates preferences to consumption expenditures and consumer demand that expresses how changes in relative market price and income impact consumption pattern for consumers.
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what is the eventual effect on real gdp if the government increases its purchases of goods and services by $60,000? assume the marginal propensity to consume (mpc) is 0.75.
The eventual effect on real GDP if the government increases its purchases of goods and services by $60,000 will be $240,000.
The total monetary or market value of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production. Even while GDP is frequently estimated on a yearly basis, it can also be calculated quarterly.
The eventual effect on real GDP of an increase in government purchases is the initial increase times the multiplier. The multiplier is
multiplier = 1 / (1−MPC)
where MPC is the marginal propensity to consume. The MPC is the fraction of an additional dollar consumers spend and 0.75 in this question. The eventual effect of the $60,000 increase is
$60000.0 × multiplier = $60000.0 × 1 / (1 − 0.75) = $60000.0 × 4 = $240000
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suppose you own a retail bookstore and want to analyze your sales by item. as you prepare your visualization, you realize that you have 3 items (pencils, bookmarks, bookcovers) that have relatively little sales as compared with your other items, and you want to group them together. to do this, you need to:
Select the labels (items), click the paper clip icon to group the items, and then right click the row to rename the group using "edit alias"
What is right click?The right click is also called a "secondary click". Right-click typically opens a context menu that provides actions related to the right-clicked menu, filename, or icon. Right-click, for example, is the usual way to find file properties. If your Windows laptop does not have a right-click button, click the bottom right corner of your touchpad.If you have only one button under your trackpad, press right to right-click.Buttons may or may not have left and right dividers. The right mouse button is normally used to provide additional information or properties of the selected item. For example, highlighting a word in Microsoft Word and pressing the right button will bring up a drop-down menu with cut, copy, paste, change font, and more.to learn more about right click from the given link :
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a monopolistically competitive firm will group of answer choices produce an output level that is productively and allocatively efficient. always produce at the minimum efficient scale of production. have some control over its price because its product is differentiated. charge the same price as its competitors do.
A monopolistically competitive firm will have some control over its price because its product is differentiated.
Option C is correct.
What Is Monopolistic Competition?Monopolistic competition exists when numerous companies offer contending products or services that are analogous, but not perfect, backups. The walls to entry in a monopolistic competitive assiduity are low, and the opinions of any one establishment don't directly affect its challengers.
What are characteristics of a monopolistically competitive request?Monopolistically competitive requests have the following characteristics There are numerous directors and numerous consumers in the request, and no business has total control over the request price. Consumers perceive that there are non-price differences among the challengers' products.
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