Answer:
c.threat
Explanation:
What is free enterprise examples ?
Examples of free enterprise include an individual beginning an online business or a private restaurant chain that is run without the involvement of the government.
What is free enterprise in simple terms?In a free enterprise or free market economy, private individuals can establish businesses and engage in competitive market buying and selling with the least amount of interference from the government. Resource, product, and financial markets are the three different forms of free enterprise markets. Because it enables individuals to focus on their strengths while trading for the rest, free enterprise works. Free enterprise is fueled by competition, which leads to higher productivity and reduced costs for the consumer.
The standard of living is higher in nations that support free markets. economic liberty, willing (voluntary) transaction, private property rights, the desire for profit, and competition. The right to private property, competition, profits as an incentive, and consumer sovereignty are the five main tenets of the free enterprise economic system that governs the United States.
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How long will it take P6700 to accumulate to P7604.50 if the money is invested at 9% simple interest?
Answer: The answer is 1.5 years or about 1 year and 6 months.
Explanation: The formula used to solve the problem is
t = I / Pr
which is derived from the formula of Simple Interest (SI)
SI = Prt
where, P is the principal amount, r is the rate of interest and t is the time period.
Solving the sum step by step,
First, converting R percent to r a decimal
r = R/100 = 9%/100 = 0.09 per year,
to find out amount of SI we use,
SI = Final value - Principal amount = 7604.5-6700 = 904.5
then, we substitute the values that are known to us in the equation provided,
t = 904.5 / ( 6700 × 0.09 ) = 1.5
t = 1.5 years
Therefore, the time required to accumulate simple interest of 904.50
from a principal of 6,700 at an interest rate of 9% per year
is 1.5 years or 1 year and 6 months.
What is the first step in the succession management process?
The first step in the succession management process is to conduct a workforce analysis, which involves identifying key roles and positions within the organization that are critical to its success and determining the current and future workforce needs of the company.
This step also includes an assessment of the current talent within the organization, including an evaluation of the skills, knowledge, and experience of existing employees.
This information is then used to identify potential successors for key roles and to develop a plan for succession management. This step also includes identifying the gaps in the talent pool and developing a plan to fill those gaps.
Finally, the workforce analysis helps to identify any potential risks that may arise from key employee departures and to develop strategies to mitigate those risks.
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A man invests $5,200, part at 4% and the balance at 3%. If his total income for the two investments is $194, how much money did he invest at each rate
The total money that he invest at each rate is $1,400 at 3% and $3,800 at 4%.
Let x be the money a person invested in her 3 count and y be the amount she invested in her 4 count. This problem can be modeled by two systems of equations.
1. The income of the first investment is 0.03x$ and the income of the second investment is 0.04y$. If the total income of the two investments is $194,
0.03x + 0.04y = 194.
2. If a man invests his $5,200, he splits it at 4%, the rest he splits at 3%.
x+y=5,200.
3. Get the system of equations.
Represent x from Equation 1 and substitute into Equation 2.
after that
x= $5200 - $3800 = $1400.
Hence,
$1,400 at 3% and $3,800 at 4%.
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Which section of the Residential Contract of Sale states that if one party breaches the agreement and the non-breaching party hires an attorney to enforce their rights, the breaching party can be forced to pay all of the legal expenses of the non-breaching party
The Ground Rent section of the Residential Contract of Sale states that if one party breaches the agreement...their rights, the breaching party can be forced to pay all of the legal expenses of the non-breaching party
Give a brief account on breach of contract.Each party to a commercial arrangement that involves two or more parties will be required to fulfil specific duties. Until all parties have met their contractual responsibilities to one another, the agreement is not deemed to be final. A breach of contract claim may be made if one or more parties fail to fulfil their legal obligations, which could happen. For instance, if a buyer was required to pay a seller for the items they delivered, and the buyer either doesn't pay them or doesn't pay them by the due date, this might count as a breach of contract.
Generally speaking, a claim for contract breach can involve either a partial or complete breach. Whether a breach of the contract is regarded as major or simply a minor one must be determined by a civil court. In order to achieve this, the court will consider how the breach affected the contract's outcome. This aspect of the case is crucial because it might decide the amount of damages that the non-breaching party can receive in compensation for any losses they might have had as a result of a breach.
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The resources of land, labor, capital, entrepreneurship, and knowledge are: Multiple choice question.
The assets of land, labor, money, entrepreneurship, & knowledge are factors of production
What do u mean by production?Production is the method of mixing several inputs, both material (like metal, timber, glass, or polymers) and immaterial (like plans, or information) in order to produce output. In an ideal world, this output would be a product or service that is useful to people and has value.
Why is production crucial?Economic theory heavily emphasizes production. Because it applies work to land, it generates value for the economy. Thru the access to goods and services, that corresponds to increased utility, production also raises the level of living and quality of life.
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A customer orders a product in March but is expected to receive the product in May. How long is the lead time
A customer orders a product in March but is expected to receive the product in May. the lead time is 3 months.
Lead time is the amount of time from the start of a process to its end. Businesses assess lead times during the manufacturing, supply chain, and project management pre-processing, processing, and post-processing phases. By comparing findings to established criteria, they can spot inefficiencies. Productivity improvements and process simplification can raise output and revenue. The manufacturing and sales processes, however, are negatively impacted by longer lead times. The term "lead time" refers to the whole amount of time required to complete a task. In manufacturing, the term "lead time" is widely used to describe the time it takes to make a product and deliver it to a consumer. Add any number of the days it takes to buy something to get the lead time.
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A registered representative has a customer, age 50, in the 35% tax bracket, who just sold his house for a 1-time gain. The customer intends to downsize, and after buying a smaller home, will have $400,000 to invest. The customer intends to retire in 15 years. The registered representative could recommend that the customer purchase a variable annuity separate account with a growth objective because:
The registered representative could recommend that the customer purchase a variable annuity separate account because the earning build tax-deferred during the 15 year period until retirement.
Retirement products include variable annuities. They are a type of tax-deferred investment vehicle made to build wealth and produce a steady stream of income for retirement. Variable annuities are a complex combination of investments and insurance.
The U.S. Securities and Exchange Commission and the insurance agencies of each of the 50 states oversee their regulation. You don't need to be an expert to purchase a variable annuity, but it does help to understand what the separate account is.
Because your retirement funds are there. Independent insurance agents specialize in annuities. Every day, they assist people like you in making wise decisions. A variable annuity is built on a separate account for variable annuities.
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Cost is a major factor for consumers when purchasing health products. Please select the best answer from the choices provided. T F Mark this and return
The statement "cost is a crucial issue for customers when purchasing health products" is correct. The sort of health product purchased will be determined by the consumer's purchasing power and the product's price. Customers are drawn in by lower prices.
What is meant by purchasing power?The amount of products and services that may be purchased with a unit of cash is referred to as purchasing power. For example, if one took one unit of cash to a store in the 1950s, one could buy a higher number of products than one could now, showing that the currency had greater buying power in the 1950s.
If one's monetary income remains constant while the price level rises, the buying power of that income decreases. Inflation does not automatically entail a decline in one's buying power, as the latter may grow faster than the price level.
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What is the disadvantage of buying in bulk?
Bulk buying is the purchase made in one transaction and at a lower price, often of a large number of units in the context of supply chain management.
What is the disadvantage of buying in bulk?When you purchase in bulk, your brand and product options may be limited. If you have particular requirements or like a certain brand, this could be a problem.
Less freedom may result from bulk purchasing because you may be committed to a specific product for an extended length of time. If your needs alter or the product is withdrawn, this can be a problem. When you buy in bulk, you may also need more storage space because you'll have to keep the items in storage until you need them. If you don't have a lot of room, this can be a problem.
Bulk purchases can occasionally result in buyer's regret because you might not be able to exchange the item if you're unhappy with it.
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The practice that all transactions affect the accounting equation in at least two places is where the
The concept in question is Double-entry bookkeeping. It is an accounting method that relies on bilateral accounting to preserve financial information.
Double-entry bookkeeping is a standard accounting method in which each transaction is recorded in two or more accounts, resulting in a debit to one or more accounts and a credit to one or more accounts.
Each account registration requires a corresponding and opposite registration to another account. The double posting rule is as follows: If a transaction increases an active or passive account, the value of that increase must be booked against or against those accounts.
Double-entry bookkeeping maintains this balance by posting each transaction as a journal entry that offsets an equal number of debits and credits. Double-entry bookkeeping is the concept that every accounting transaction affects a company's finances in two ways.
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Jessica puts some effort into comparing the various cell phone brands by researching online. For Jessica, the cell phone is considered a(n) ___________ offering.
Jessica takes the time to compare the various cell phone brands through online research. For Jessica, the phone qualifies as an online service.
Why Researching online is important?The process of conducting online research entails gathering data from the internet. With the development of the internet, the outdated pen-and-paper research techniques have been supplanted with online research techniques.
People use internet research to learn more about many topics, such as searching for products or conducting studies to further various fields. In today's society, doing research is essential for everything. It serves as a tool for knowledge development for everyone and makes learning easier for both novice and experienced learners. Data collecting is a step in the methodical inquiry process known as research.
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When a company decides to increase its level of internationalization, all of the following are acceptable ways of getting into the international marketplace except ___________.
When a company decides to increase its level of internationalization, all of the following are acceptable ways of getting into the international marketplace except tariffs.
What is a tariff?A tariff is a levy imposed on the import or export of products by the government of a nation or by a supranational union. Import tariffs can regulate international commerce and serve as a means of supporting or defending home business in addition to providing the government with cash.A tariff is a tax that a government imposes on goods and services that are imported from other nations in order to raise prices and reduce the appeal of imports, or at the very least their competitiveness, compared to domestic products and services.A levy imposed on an item imported from another nation serves as an illustration of a tariff. For instance, a 3% tariff on corn would mean that any local importer of grain from a foreign nation would have to pay an additional 3% tax on top of the price of corn.Learn more about tariff refer to ;
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Clara is a clerk at a retail outlet. She earns $35,000 a year. She is allowed to work her schedule around her daughter's school athletic events, and because she has seniority over the other clerks, rarely has to work holidays. Jeff is a new designer for an engineering firm. He earns $75,000 a year. He must be at the office Monday through Friday from 8:00 to 5:00. His wife attends all their children's school events. His job is stressful, and if a project is due, he often works weekends and sometimes holidays, although from home. How would you compare Clara and Jeff's levels of job satisfaction
The three major job attitudes are Job satisfaction, Job involvement, and organizational commitment. More or less they all represent the same thing as whether the person is liking the job or not. Job satisfaction is about having a positive or negative feeling about the job.
Job Involvement is the level of involvement a person has in his or her job and how much they identify with the job's relevance and importance in the organization. Organizational commitment comes when a person wants to stay in the job because he or she likes the organization's values, culture, and job environment.
At the time of finishing up or bankruptcy of an organization, it desires to repay its money owed. The order wherein those are repaid is known as seniority. Description: All securities, be it bonds or stocks, are issued via the agency with a positive seniority connected to them.
With appreciation to an enterprise's capital structure, seniority refers back to the order of compensation to safety holders in the case of a default through the issuing employer. due to its extra degree of protection, a senior safety will typically provide lower returns than securities under it in the seniority hierarchy.
All securities, be it bonds or stocks, are issued with the aid of the organization with a certain seniority attached to them. As apparent, senior debts want to be paid before the junior ones. commonly, bonds/debts are the securities to be repaid first in case of polishing off of an organization.
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in what way did the marbury decision enhance the system of checks and balances outlined in the contition
By prohibiting any one arm of the federal government from becoming overly dominant, the Marbury judgment strengthens the system of checks and balances specified in the constitution.
What purpose do checks and balances serve?The several procedures collectively referred to as checks and balances are implemented to reduce errors, deter improper behavior, or limit the likelihood of power concentration. Checks and balances frequently outline the specific responsibilities that have been assigned, compel cooperation, and ensure that no one person or department has entire control over decisions.
The phrase is most usually used in reference to the government, though it can also refer to restricting power in corporations and other organizations.
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Machine X has an initial cost of $14,000. It is expected to last 10 years, to cost $255 per year to maintain and to have a salvage value of $6,000 at the end of its useful life. The equivalent uniform annual cost of the machine at 7% interest is approximately __
The total amount of labor and resources needed to make one unit of any product is what you call your variable costs.
What does "cost" mean?The value of money that is spent on producing an item or rendering a service and is now unavailable for use in business, research, retail, or accounting is known as the cost. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.
What are company costs?Definition: Cost in financial management refers to the money that a firm has spent to provide a good or service. Cost in a business entails the amount of cash wasted on the creation or manufacturing of
Initial cost of Machine X = $14,000
Annual maintenance cost = $225
Salvage value = $6000
Interest rate = 7%
Useful life = 10 years
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The equivalent uniform annual cost of the machine at 7% interest is approximately $2,928.
How do you determine the equivalent uniform annual cost?The equivalent uniform annual cost (EUAC) of the machine can be calculated using the formula:
EUAC = (Initial cost - Salvage value + Total annual costs) / (1 - (1 / (1 + Interest rate)^Useful life)) where
Initial cost = $14,000
Salvage value = $6,000
Total annual costs = $255 per year for 10 years = $2,550
Interest rate = 7% (expressed as 0.07)
Useful life = 10 years
Plugging in the values, we get:
EUAC = ($14,000 - $6,000 + $2,550) / (1 - (1 / (1 + 0.07)^10))
EUAC = ($8,550) / (1 - 0.3429)
EUAC = $8,550 / 0.6571
EUAC ≈ $13,032.
Therefore, the equivalent uniform annual cost of the machine at 7% interest is approximately $13,032.
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The US economy is considered a mixed economy because of
The United States is said to have a mixed economy because privately owned businesses and government both play important roles. ... The American free enterprise system emphasizes private ownership.
PRO and CONS Airbnb?
Pros and Cons of staying in an Airbnb
Pros:
Larger than staying in a hotel
Less crowded
Less expensive
Cons:
The host is less trustworthy than workers at hotels for various reasons
Could be cameras in places like bathrooms or rooms to watch you
You probably will have to eat out
Assume a tax rate of 35%. Calculate the following using balance-sheet figures from the start of the year and Income statement figures from the end of the year: a. Calculate the return on assets. (Enter your answer as a percent rounded to 2 decimal places. ) b. Calculate the operating profit margin. (Enter your answer as a percent rounded to 2 decimal places. ) c. Calculate the sales-to-assets ratio. (Round your answer to 2 decimal places. ) d. Calculate the inventory turnover. (Round your answer to 2 decimal places. ) e. Calculate the debt-equity ratio. (Round your answer to 4 decimal places. ) f. Calculate the current ratio. (Round your answer to 3 decimal places. ) g. Calculate the quick ratio. (Round your answer to 4 decimal places. )
Profit margins are perhaps one of the simplest and most widely used financial ratios in corporate finance.
What is profit margin?Profit margins are perhaps one of the simplest and most widely used financial ratios in corporate finance. A company’s profit is calculated at three levels on its income statement, starting with the most basic—gross profit—and building up to the most comprehensive: net profit. Between these two lies operating profit. All three have corresponding profit margins calculated by dividing the profit figure by revenue and multiplying by 100. Profit margin conveys the relative profitability of a firm or business activity by accounting for the costs involved in producing and selling goods. Margins can be computed from gross profit, operating profit, or net profit. The greater the profit margin, the better, but a high gross margin along with a small net margin may indicate something that needs further investigation.
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Concept mapping---an instructional strategy to identify, graphically display and link key concepts---is an example of a critical-thinking approach to care planning T/F
The correct answer is True. However, when the relationship between the guardian and the watched-for is used for promoting or restoring the health and well-being of people within the relationship, it becomes a concept mapping.
Clinical logic is the cognitive and metacognitive processes used to assess knowledge relative to a clinical situation or holistic approach. Clinical nursing judgment is the cognitive, psychomotor, and affective processes that are demonstrated through action and actions.
Observation is the conscious and deliberate use of the five senses( sight, smell, hail, taste, and touch) to gather data. Partnership working through the development of positive connections ensures a contemporary practice holistic approach to watch and support requirements. In addition, positive connections are grounded on trust, crucial to ensuring that individuals are shielded and admit the care and support they need and request.
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Andre went to a sporting that was having a diferent sale, He bought a baseball glove and 2 packages of socks. The baseball glove normally costs $34. The baseball glove is not discounted. One package of socks normall costs 46. On sale, one package of socks costs $4. The sale tax rate is 7.5%. What percentage of the total regular (Before tax) Was his savings
Andre saved 66.67% on his purchase of a baseball glove and 2 packages of socks, by buying them at a discounted price of $42 (before tax).
Andre went to a sporting goods store that was having a sale and bought a baseball glove and two packages of socks.
The baseball glove, which normally costs $34, was not discounted, but the price of one package of socks, which normally costs $46, was discounted to $4. The regular price for two packages of socks was $92 and the regular price for the baseball glove was $34.
This means that the total regular price for the items before taxes was $126. On sale, the total price for the items before taxes was $42. This means that Andre saved $84 on his purchase. To find the savings percentage, we divide the savings by the regular price and multiply by 100%. In this case, the savings percentage is 66.67%.
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25 points
You are an experienced customer service representative. How will you handle an irate customer? What skills will you employ? Your response must be at least 150 words.
Answer:
The impatient customer
The situation: An impatient customer may have been waiting in line longer than usual, they may be running late to their next appointment, or maybe they're restless while you search for a solution to their issue or concern.
How to handle it: Be clear and to the point without appearing dismissive of their demeanor. Explain transparently why there's a wait or delay without getting into specifics. Make sure an impatient customer knows that effort is being invested in resolving the situation.
Frame your answers in a positive light, too. For example, instead of saying that an item is out of stock, explain that a new delivery is expected by a certain date or that you are working quickly to restock the items in question
Lenny works at the front desk at an organization. He has to interface with customers from diverse cultures. How can he best go about communicating with these customers
Lenny works at the front desk at an organization. He has to interface with customers from diverse cultures. He can ensure the recipient has understood what is being conveyed. In this way he can best communicate.
Give a brief account on communication.Communication can be regarded as the exchange of both spoken and nonverbal signals. It is an ongoing procedure. A message is necessary for communication. This message must be delivered to the addressee using some kind of communication. It is crucial that the recipient understands this message in the same words as the sender. As a result, communication is a two-way process that is incomplete without the sender receiving feedback from the recipient regarding how effectively the message was understood.
Context : Communication is influenced by the setting in which it occurs. Physical, social, historical, or cultural contexts might all apply. Every communication moves forward in context.Sender : The sender or encoder of the communication is referred to as the sender or encoder. To deliver a message and elicit the desired response, a sender uses symbols (words, graphics, or visual aids).Message : A message is a crucial notion that the sender wants to convey. The recipient's reaction is prompted by the indicator. Making a decision about the message to be communicated starts the communication process.Medium - A medium is a method for exchanging or transmitting the message. Otherwise, the message might not reach the intended recipients if the sender does not select the proper medium for transmission.Decoder : A message's recipient or decoder is the person for whom it is intended, aimed, or targeted. The knowledge of the recipient, how well they respond to the message, and the encoder's dependence on the decoder all play a role in how well the decoder comprehends the message.Feedback : Feedback is a key element of communication since it enables the sender to assess the effectiveness of the message. It aids the sender in verifying that the decoder correctly interpreted the message.Hence, option (e) is correct.
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The complete question is mentioned below :
Lenny works at the front desk at an organization. He has to interface with customers from diverse cultures. How can he best go about communicating with these customers
A. do not use any nonverbal cues while talking
B. communicate only through written material
C. use idioms and jargon while communicating
D. speak slowly and clearly
E. ensure the recipient has understood what is being conveyed
Which of the following is not one of the benefits accrued from a centralized purchasing function?
a. leverage purchase volume for better pricing
b. devote more resources to the supplier selection and negotiation process
c. maintain professional control over the purchasing process
d. increase the duplication of tasks
d. increase the duplication of tasks
One way is to complete VA Form 21-438, Statement in Support of Claim, and include a copy of the death certificate with the form.
What should be done with VA benefits after a death?For deaths occurring on or after October 1, 2019, VA will pay up to $796 toward burial and funeral costs (if the deceased was hospitalized by VA at the time of death) or $300 toward burial and funeral costs (if the deceased was not hospitalized by VA at the time of death), as well as a $796 plot-interment allowance (if not buried in a national cemetery).
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2. Suppose the CPI for 1980 was 82.3 and for 1981 was 90.9. Based on this information, we can calculate that the inflation rate in 1981 was _____________. *
This data allows us to determine that the rate of inflation in 1981 was 10.4%.
What exactly does inflation mean?The pace of price growth over a specific time period is referred to as inflation. Inflation is frequently measured broadly, such as the general increase in costs or perhaps the rise in cost of residing in a particular country.
What is the current rate of inflation?As according U.S. Labor Board data released on December 13, the annual rate of inflation again for United States decreased from 7.7% to 7.1% for the year that ended in November 2022. On January 12, 2023, around 8:30 a.m. ET, the next inflation report is slated for publication.
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Nebula Inc. is an American smartphone manufacturer that sells smartphones in 36 countries across the globe. Nebula makes both low-end and high-end smartphones to cater to the needs of different markets across the world. There is a high demand for Nebula's low-end smartphones chiefly in developing nations. Its high-end smartphones have buyers mostly in developed nations. One of the challenges that Nebula faces is planning its sales strategy to suit different markets. Given this information, it can be said that Nebula's smartphones are an example of _____.
Given this knowledge, it is possible to say that smartphones made by Nebula are an example of consumer goods.
An American company called Nebula Inc. sells smartphones in 36 nations around the world. Nebula produces both high-end and low-end smartphones to meet the demands of various international markets. Low-end cellphones from Nebula are in high demand, especially in poor countries. The majority of its premium cellphones are purchased in industrialized countries.
Nebula's developing its sales approach to fit various areas is one of its problems. Convenience goods, shopping goods, specialty products, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
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Mick bought some compact discs. If sales tax was 6% and the tax on his purchase was $1.68, what was the cost of the compact discs before tax?
Mick purchased a few CDs. The value of the cd's before taxes is $1.58 if tax rate was 6% as well as the tax on his sale was $1.68.
How is a purchase defined in accounting?The two most common payment methods are cash and credit. Another way to make a purchase is to assume a debt or participate in a trading where different non-cash goods are traded, 10,000 pairs or sneaker are ordered by Shoes Unlimited from a foreign vendor. This entails the filing of a requisition, which is a formal declaration by the business that it will buy the specified kind and number of shoes. The area of accounting known as tax accounting is responsible for processing tax payments and tax returns. Individuals, companies, corporations, and other entities all use tax accounting.
Let x be the cost prior to taxes.
x+6% of x = 1.68
106x/100 = 1.68
x = 1.68*100/106 = $1.58
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The expected value of a normal distribution of prices for a stock is $51. If you are 90 percent sure that the price of the stock will be between $42 and $60, then what is the variance of the stock price
If you are 90 percent sure that the price of the stock will be between $42 and $60, then what is the variance of the stock price (5.47112)².
What is the stock price?The price at which a share of stock is currently trading on the market is referred to as the stock price. When shares of a publicly traded firm are issued, their value is assigned a price that, ideally, represents the worth of the organization itself.
The range of values for normal distribution is given by
Range = Expected value + - critical value *
Where σ = √variance
For the normal distribution,
90% of the confidence interval has a critical value =1.645
According to the question & critical Value (CV.)
Upper limit = Expected Value + C.V × variance
Lower limit = expected value- C.V × variance
60 = 51 + 1.645 × √variance .... (1)
42 = 51 - 1.645 ×√variance .... (2)
Subtracting (1) and (2) we get,
60-42 = 2 × 1.645 × √variance
18= 3.29 × √variance
(18/3.29)² = variance
Variance = (5.47112)²
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If the consumer price index (CPI) were 131 at year-end 1999and 125 at year-end 1998, then inflation during 1999 was
From the base year to the current year, prices have risen by 30%. First, divide the result by the CPI for the starting date by the difference between the consumer starting date (A) and the ending date (B) (A).
Then divide the value by 100 to obtain the percentage inflation prices. Typically, to obtain a baseline for the consumer price index, multiply the sum by 100. The number that sets the comparability of your total is known as the baseline. For instance, if you divided $290 by $260, the result was 1.16. To get your baseline, multiply this value by 100.
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A company reported gross profit of $84,000, total operating expenses of $67,000 and interest expense of $5,100. What is the net income from operations
A company reported gross profit of $84,000, total operating expenses of $67,000 and interest expense of $5,100. the net income from operations=$84,000 − $67,000 = $17,000
In the context of business and accounting, net income, also referred to as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales, refers to an entity's income less cost of goods sold, expenses, depreciation and amortization, interest, and taxes for a particular accounting period. The net increase in shareholders' equity as a result of a company's operations is another way to define it. It is determined by subtracting all expenses and losses from the period's income and gains.This is not the same as gross income, which simply subtracts the cost of goods sold from revenue.
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