Answer:
monthly payment = $81interest rate = 15%Explanation:
You can use a loan calculator to determine the the effective interest rate of the loan:
loan's principal = $3,575 - $375 = $3,200number of monthly payments = 45 or 3.75 yearsmonthly payment = $93.41interest rate = 15%
Now we can calculate Susan's monthly payment:
loan's principal = $3,575 - $800 = $2,775number of monthly payments = 45 or 3.75 yearsinterest rate = 15%monthly payment = $81
Monetary policy a. must be described in terms of interest-rate targets. b. can be described either in terms of the money supply or in terms of the interest rate. c. cannot be accurately described in terms of the interest rate or in terms of the money supply. d. must be described in terms of money-supply targets.
Answer:
b. can be described either in terms of the money supply or in terms of the interest rate.
Explanation:
Monetary policies are all policies enacted by the Central bank to control money supply and interest rate in order to achieve certain macroeconomic objectives.
Monetary policy can be expansionary or contractionary.
Expansionary monetary policy is carried out when the objective is to stimulate economic activities. They include open market purchase and lowering interest rates.
Contractionary monetary policy is carried out when the objective to reduce money supply. The Central bank can increase interest and rate and carry out an open market sale.
I hope my answer helps you
Fact Pattern 10-1 Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery. Refer to Fact Pattern 10-31 If Ambrose breaches the contract, Belle Vista's remedy would most likely be________.
Answer:
specific performance.
Explanation:
In contract law, specific performance refers to a legal remedy ordered by a court in order to compensate the non-breaching party. This remedy should result in the injured party holding a financial position equal to the position that should have resulted from the performance of the contract.
In other words, Ambrose must either purchase the 350 acres or pay an amount of money that would improve Belle Vista's financial position in the same way as the selling of the land would have.
What type of measures considers ways to reduce consequences together with the overall risk from specific threats and other community goals?
A. Prevention
B. Mitigation
C. Readiness
D. Response
Answer:
(B) mitigation
Explanation:
The art of mitigation ,or decreasing the power or force of something disagreeable, as fury, agony, distress, or outrageous conditions: Social help is the most significant factor in the alleviation of worry among youths. the demonstration of making a condition or result less serious: the alleviation of a discipline.
For instance, to secure against ocean level ascent and expanded flooding, networks may construct seawalls or migrate structures to higher ground
In the straight line method the yearly percentage of cost lost through accured depreciation is found by
Answer:
Cost of asset less expected residual value /Expected useful life (years
Explanation:
Where the depreciable amount is charged in equal amounts to each reporting period over the expected useful life of the asset, this method of calculating depreciation is known as straight line method.
The yearly percentage of cost lost through accrued depreciation in straight line method is found by following formula:
Cost of asset less expected residual value /Expected useful life (years)
Let’s assume a required reserve ratio of 10 percent.
If First Bank lends out its excess reserve of $90 and that money is deposited in Second Bank, then Second Bank has an excess reserve of $______ to lend.
Answer:
The answer is 72.9 dollars.
Explanation:
The reserve ratio of 10% means that bank must keep 10% percent of amount deposited in bank to meet emergency payments and can lend the remaining 90% to other banks. So the second bank can lend 81 dollars that is 90% of 81 dollars. As per this rule second bank has 72.9 dollars (90% of 81) to lend.
The management at Climate Action Development needs to recruit campaign managers for its Renewable Energy Project. They are looking for candidates who are assertive, extroverted, and who can tackle challenges head-on. Which of the following deep-level characteristics should they focus on to best help them recruit the right candidate for the job?
A) race B) age C) ethnicity D) gender E) personality
Answer: (E) Personality
Explanation:
According to the question, the personality is one of the characteristics of the person that refers to the behavior, emotions, thinking and feelings in the environment.
By evaluating the personality of the individual person we can judge there ability and understand their characteristics.
It is also known as the personality psychology for evaluating the characteristics of the person for recruiting the right candidate for the specific profile by testing the individual person personality factor.
Therefore, Option (E) is correct.
While arguing with a coworker, it is best to point out mistakes immediately so that you do not forget something later.1. True 2. False
Answer:
the correct answer False
good luck
The following information relates to the beginning of the year:
Accounts receivable, $700,000
Allowance for doubtful accounts (credit balance), $60,000
Cash realizable value, $640,000
During the current year, sales on account were $195,000 and collections on account were $95,000. Also during the current year, the company wrote off $11,000 in uncollectible accounts. At year-end, an analysis of outstanding accounts receivable indicated that the allowance for doubtful accounts should have a $72,000 credit balance so the company records the appropriate year-end adjusting entry.
How much did the cash realizable value change during the current year?
Answer:
$77,000
Explanation:
Ending accounts receivables = beginning accounts receivables + sales on account - collections on account - write offs = $700,000 + $195,000 - $95,000 - $11,000 = $789,000
Ending allowance for doubtful accounts = $72,000
Ending cash realizable value = ending accounts receivables - ending allowance for doubtful accounts = $789,000 - $72,000 = $717,000
Beginning cash realizable value = $640,000
Change in cash realizable value = ending cash realizable value - beginning cash realizable value = $717,000 - 640,000 = $77,000
Final answer:
The cash realizable value of accounts receivable increased by $88,000 during the current year, calculated by considering beginning cash realizable value, sales on account, collections, and the changes in the allowance for doubtful accounts.
Explanation:
The calculation of the change in the cash realizable value of accounts receivable during the current year involves several steps and accounting entries. The initial cash realizable value is given as $640,000. During the year, the company made sales on account totaling $195,000, and collected $95,000 on accounts receivable. The write-offs of $11,000 for uncollectible accounts decrease the accounts receivable but do not affect the cash realizable value since the allowance had already accounted for this. At year-end, the allowance for doubtful accounts needs a credit balance of $72,000 to cover potential uncollectibles. This requires an adjustment increase from the original $60,000 to $72,000, which is an increase of $12,000 in the allowance. This adjustment decrease the cash realizable value of the receivables.
Starting with the original cash realizable value of $640,000, we add sales on account of $195,000 and subtract collections of $95,000 which would give us a preliminary value before adjustments of $740,000. After considering the adjustments to the allowance for doubtful accounts (increase of $12,000), the new cash realizable value at year-end is $728,000. Therefore, the cash realizable value increased by $88,000 during the current year ($728,000 - $640,000).
Lester, a hardware engineer, sells his old hatchback to buy a luxury sedan. As he starts driving the new car, he realizes that it is more difficult to maneuver the sedan than his old hatchback. He also realizes that maintaining the sedan is expensive. Lester is rather uncomfortable with the purchase decision he made. In the context of consumer behavior, which of the following concepts does this scenario best illustrate.
Answer:
Cognitive dissonance
Explanation:
Cognitive dissonance refers to conflicting ideas or beliefs that cause discomfort to an individual. Individuals tend to seek consonance between their expectations and reality.
In this case Lester expected to feel good about his purchase of a luxury since it should be a much better car than his old hatchback, butt he actually doesn't like to drive the larger and more luxurious sedan.
Abdul, a financial analyst, is not employed directly by any company. he works for several clients based on their requirements. Abdul is a(n) _________.
a. contract company worker
b. part-time employee
c. independent contractor
d. permanent employee
e. temporary employee
Answer:
The correct answer is C. independent contractor .
Explanation:
Abdul, a financial analyst, is not employed directly by any company. he works for several clients based on their requirements. Abdul is an independent contractor.
Independent contractor is a self-employed person who provides certain services to a second-party (or client or owner), or to a third-party on behalf of the client. In other words, an independent contractor is a person, business, or corporation that provides goods or services under a written contract or a verbal agreement (written or oral).
External Auditors, tax consultants and valuers appointment by the companies are some the exmaples of independent contracters.
Answer:
Abdul is an independent contractor.
The correct answer is C
Explanation:
A contract company worker is an employee retained by a company on contract basis. The employee is entitled to some benefits in the company because he/she is not a permanent staff.
A part-time employee is an employee that works fewer hours in a company. He/she is not permanent employee of the company. Part-time employees are usually paid on the basis of hours worked.
An independent contractor is not an employee of a company. He/she performs a service to a company based on the agreed fee. Abdul is an independent contractor because he is not directly employed by any company but works for several clients based on their requirements.
Magma, Inc., acquired Vulcan, Inc., 3 years ago. Effective integration of the two companies' culture was never achieved, and the two firms' assets were not complementary. It is very likely that Magma will:________ a. restructure. b. review the due diligence information collected before the acquisition. c. go public through an IPO. d. review its tactical-level strategies.
Answer:
a. restructure
Explanation:
Based on the information provided within the question it can be said that in this scenario Magma will most likely restructure. This refers to the act of a company reorganizing different aspects or structures within a company with the main goal of achieving an efficient flow within the company and making it more profitable.
Facing difficulties in integrating cultures and assets after acquiring Vulcan, Inc., Magma, Inc. is very likely to restructure. Option A is correct.
Magma, Inc., after acquiring Vulcan, Inc., and facing challenges with integration of company cultures and complementary assets, is most likely to restructure. This step is commonly taken by organizations to address issues such as duplication of services, clash of cultures, and operational inefficiencies that often arise after mergers and acquisitions.
Restructuring can involve a variety of actions, including merging departments, reducing staff, and revising strategies to better align the newly combined entity's operations and objectives.
Effective integration following a merger or acquisition is critical for the success of the combined entity. Challenges such as cultural clashes and non-complementary assets, similar to those faced by Magma and Vulcan, can significantly hinder the realization of the anticipated benefits of the merger. Thus, restructuring becomes a key strategy to address these challenges, realign the organization, and set a solid foundation for future growth and success.
Hence, A. is the correct option.
If you invest $3,000 in an investment account paying 3% interest compounded weekly, how much will the account be worth in 10 years
Answer:
$4049.23
Explanation:
Data provided in the question:
Principle amount = $3,000
Interest rate = 3% compounded monthly = 0.03
Time = 10 years
Now,
Number of compounding periods in a year = 52 [as 1 year have 52 weeks ]
Using the formula of compounding
Future value = Principle × [tex][1 + \frac{r}{n}]^{n\times t}[/tex]
Here,
r is the interest rate
n is the number of compounding periods
t is the time in years
Therefore,
Future value = $3,000 × [tex][1 + \frac{0.03}{52}]^{52\times 10}[/tex]
or
Future value = $3,000 × 1.3497
or
Future value = $4049.23
Consider two goods - one that generates external benefits and another that generates external costs. The actual market outcome woulda.result in a price that is lower than the efficient price for both goods.b.result in a price that is higher than the efficient price for both goods.c.result in a price that is lower than the efficient price for the good with an external benefit and a price that is higher than the efficient price for the good with an external cost.d.result in a price that is higher than the efficient price for the good with an external benefit and a price that is lower than the efficient price for the good with an external cost
Answer:
c.result in a price that is lower than the efficient price for the good with an external benefit and a price that is higher than the efficient price for the good with an external cost.
Explanation:
As external benefits and costs, none of them are recognized in the price function of each market, this means that benefits nor cost are accounted for the price formation process
when companies adopt the strategy-making and strategy-execution process it requires they start by
Answer:
The correct answer is (A)
Explanation:
The most important part of any organisation is to start developing the company's mission and vision before start operating. The mission and vision of a company is a way to let everyone know where the company stands and what they want to achieve. Therefore, strategy making and execution process starts with developing a strategic vision, mission and values
Final answer:
When companies start the strategy-making and strategy-execution process, they should first analyze their current situation and set clear objectives, then ensure participatory decision-making by involving key individuals and stakeholders from the onset.
Explanation:
When companies adopt the strategy-making and strategy-execution process, they must start by developing a strong understanding of their current position and what they aim to achieve. This involves conducting an analysis such as SWOT (Strengths, Weaknesses, Opportunities, Threats) to identify internal and external factors that may impact their goals and objectives. Ensuring a participatory decision-making process is integral, which means involving key personnel and stakeholders early on to harness a variety of perspectives and build commitment to the strategy.
Developing a comprehensive strategy is fundamental for turning a company's resources into its goals. Before formulating the strategy, it's essential to recognize the need for change by developing a sense of urgency among the employees. This can be due to external or internal threats that may jeopardize the company's competitiveness or survival. Furthermore, initial dialogue with stakeholders is crucial in identifying concerns, opportunities, and the roles and responsibilities before proceeding to wider collaboration in later stages.
In conclusion, it's clear that the first step in the strategy-making process is to analyze and understand the company's situation, and then to involve those who are affected by decisions in the planning phases. Only by doing so can a company ensure that they are prepared to explore alternatives extensively and generate a strategic plan that will guide them towards achieving their desired outcomes.
Bedrock Company reported a December 31 ending inventory balance of $412,000. The following additional information is also available:
1. The ending inventory balance of $412,000 included $72,000 of consigned inventory for which Bedrock was the consignor.
2. The ending inventory balance of $412,000 included $22,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year.
3. Based on this information, the correct balance for ending inventory on December 31 is:
A. $412,000
B. $340,000
C. $318,000
D. $362,000
E. $390,000
Answer:
A. $412,000
Explanation:
Consignments($72,000) are usually owned by the consignor until the consignee sells or uses the goods. Hence the proper treatment is to record the goods as the property of Bedrock company.
Office supplies of $22,000 represents goods to be used in future. Failing to record this stock value without reporting the associated value(revenue) is not be permissible. Since you cannot record a future or expected activity, it is proper to report the stock value of $22,000 as closing inventory.
If income is falling and income elasticity of demand for a particular good is negative​, then demand for the good​ is:
Final answer:
If income is falling and the income elasticity of demand for a good is negative, demand for that good increases as it is an inferior good. This inverse relationship is seen in goods like used clothing and public transit, where demand goes up as income decreases.
Explanation:
If income is falling and the income elasticity of demand for a particular good is negative, then the demand for the good is increasing. This is because the good is considered an inferior good, which means that as income decreases, consumers tend to buy more of these goods as opposed to more expensive substitutes. Examples of inferior goods include used clothing, beans, and urban public transit. For instance, studies have shown that the long-run income elasticities of demand for urban public transit in France and Madrid were found to be negative, indicating that with rising incomes, the demand for these services fell.
It is important to understand that an inferior good is not necessarily of lower quality; the term 'inferior' in this context is purely an economic term indicating the inverse relationship between income levels and demand for the good. In summary, when income falls, the quantity demanded for goods with negative income elasticity of demand typically rises.
A posted speed limit of 55 mph means: You may drive 60 mph day or night on that road You can always lawfully drive 55 mph on that road You may drive 60 mph as officers allow an extra 5 mph You may drive 55 mph only under favorable driving conditions
Answer:
You may drive 55 mph only under favorable driving conditions
Explanation:
Indicated speed limits are applicable if and only if the surrounding conditions are ideal (good weather, no rain or snow) and it is daytime (since visibility is limited during nighttime). In the case of such conditions and time, it is essential to decrease the maximum allowed speed limit, in order to maintain the safety of traffic.
The posted speed limit of 55 mph means that you may drive at a maximum speed of 55 mph on that road under normal driving conditions. It indicates the legal limit and is applicable both day and night. It does not allow for exceeding the speed limit unless specified by other traffic signs or regulations.
Normal driving conditions refer to the typical or standard conditions on the road, without any extraordinary or hazardous factors present. It implies that the road is clear, visibility is good, weather conditions are normal, and there are no specific obstacles or dangers that would require adjusting driving behavior.
It assumes that drivers can maintain control of their vehicles and safely navigate the road without any additional precautions. However, it is always important for drivers to exercise caution and adjust their speed and behavior based on the actual conditions they encounter, even within the normal driving conditions.
Learn more about normal driving conditions here:
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Unidice, an information technology firm, recently installed a new data system that provides seamless access to data. This data system has a higher storage capacity and processing speed than other data systems available in the market. Although the data system can be acquired by other companies in the future, it has presently enabled Unidice to process its data faster and in a more economical manner than its competitors. It is evident that Unidice has achieved _____.
Answer:
first-mover advantage
Explanation:
First-mover advantage refers to the strategic advantage achieved by the first company that occupies a market segment. In order for a company to gain first-mover advantage it must be the first company to enter a market or at least be the first company to gain competitive advantage in that market.
Unidice is the first company to gain competitive advantage in the data system market because its processing speed is much higher than its competitors.
Sometimes you don't need to be the first one to enter a market, but you need to be the first one to do things right. For example, Microsoft introduced the Surface tablet almost a decade before Apple introduced the iPad, but Apple did it right, therefore Apple gained first mover advantage.
Phil works at a wholesaler that specializes in organic, grass-fed beef. Resellers wanting to purchase from Phil's organization have few options to choose from because its beef products tend not to vary.
Phil most likely works for a __________________.
Answer:
specialty line wholesaler
Explanation:
Based on the information provided within the question it can be said that in this scenario Phil most likely works for a specialty line wholesaler. This is a product or service provider that focuses exclusively an a super narrow diversity of products. Which in this case would be only organic, grass-fed beef, and nothing else.
Sarah Mayer works as a security officer and is in charge of keeping track of who is in the office at any given time. She notices that some employees do not sign out of the office when they go out for meals, which makes it difficult to keep track of attendance of employees. Even though Mayer has repeatedly asked the employees to sign out, they have not followed her advice. She now decides to report the issue to her supervisor.
Which of the following components of an attitude is being demonstrated by Mayer?
A) cognitive
B) affective
C) behavioral
D) knowledge
E) positive
Answer:
Letter C is correct. Behavioral.
Explanation:
Attitudes in a workplace correspond to the way an individual will react to a particular situation. It may occur with other people's evaluation, problems and events, and may have a positive or negative character.
The behavioral component exemplified in the above question, is characterized as the intentions of an individual, are the tendencies of how an individual will behave towards an object in the short and long term.
Calculating the rate of return allows you to determine: ________.
A. If an individual is qualified to purchase an investment
B. The interest rate on the investment
C. If the investment is earning enough to meet or exeed your investment goals
D. The total cost of the investment
Answer:
The answer is C. If the investment is earning enough to meet or exceed your investment goals
Explanation:
Rate of return is calculated by dividing the return you receive on your investment by the initial cost of the investment and then by multiplying it by 100.
Simply, this shows you how much you've received out of the investment you made initially.
So, a 10% rate of return means you have received 1/10th out of the initial investment and that at this rate, it will take 10 years to cover the cost of the initial investment.
Green Corporation has current earnings and profits of $100,000 and negative accumulated earnings and profits of ($200,000). A $50,000 distribution from Green to its sole shareholder will not be treated as a dividend because total earnings and profits is a negative $100,000.
Answer:
False
Explanation:
Green's distribution of $50,000 in to its sole shareholder at the end of the year should be treated as a dividend because Green's total earnings and profits for the year were $100,000.
A distribution from a corporation to a shareholder can only be treated as a dividend when the corporation made a profit during the current year, or has positive accumulated earnings and profits.
A person has $4,000 in medical expenses and an adjusted gross income of $32,000. If taxpayers are allowed to deduct the amount of medical expenses that exceed 7.5 percent of adjusted gross income, what would be the amount of the deduction in this situation?
Answer:
$1600
Explanation:
32,000 x .075 = 2400, and since 4000 exceeds 2400 by $1600, $1600 will be deducted
Country X can produce corn and sugar at a lower cost than other countries. However, the world market for corn is stronger than for sugar. Therefore, Country X chooses to specialize in producing corn and to buy sugar from other countries. This example illustrates the concept of _____ .
Answer:
Specialization or Scarcity
Explanation:
Questions like this usually have an answer of Scarcity but if Specialization is a choice then choose that because it is a direct example of Specialization.
The concept illustrated by Country X's choice to specialize in corn production is called comparative advantage, where a country produces goods at a lower opportunity cost than others. This is distinguished from absolute advantage, where a country simply produces more of a good overall.
The example provided illustrates the concept of comparative advantage. In this case, Country X is able to produce both corn and sugar at a lower cost than other countries, but the world market for corn is stronger. Therefore, Country X chooses to specialize in the production of corn, for which it has a comparative advantage, due to its lower opportunity cost in producing corn compared to sugar. As a result, it buys sugar from other countries which might have a comparative advantage in sugar production.
Comparative advantage is different from absolute advantage, which occurs when a country can produce more of a good overall, regardless of the opportunity costs involved. For example, Brazil has an absolute advantage in sugar cane, given its larger production capacity when devoting all resources to sugar cane, compared to the U.S. However, when examining the opportunity costs, we find that each country has a lower opportunity cost in producing the good where they have a comparative advantage; Brazil in sugar cane and the U.S. in wheat.
Jill bought a house 3 years ago and paid $175,000 for it and spent $7,000 in closing costs. Since, then she has made several improvements to the property for $75,000. Jills boss promoted her to VP of Market 5 and she had to relocate. She sold her house for $375,000 with $30,000 in selling costs. She bought a new house for $290,000. What is the capital gain on the sale of her original home?
Answer:
$88,000
Explanation:
Jill's original house value = $175,000 house cost + $7,000 closing costs + $75,000 improvements = $257,000
Jill's revenue from house sale = $375,000 selling price - $30,000 sale cost
= $345,000
Jill's capital gain = $345,000 sales revenue - $257,000 house original value
= $88,000
Final answer:
To calculate the capital gain on Jill's house sale, add up the purchase price, closing costs, and improvement costs to get the total investment. Then, subtract this total from the adjusted sale price of the house after deducting selling costs. Jill's capital gain from the sale is $88,000.
Explanation:
Calculation of Capital Gain on the Sale of a House
The capital gain on the sale of a house is the profit made from the sale after accounting for the original purchase price, the cost of any improvements, and the cost of selling the home. To calculate Jill's capital gain, we follow these steps:
Combine the original purchase price with the closing costs and improvement costs to determine the total investment in the property.Subtract the total investment from the final sale price.Deduct the selling costs from the result of step 2 to find the capital gain.Jill's total investment in the house was $175,000 (purchase price) + $7,000 (closing costs) + $75,000 (improvements) = $257,000. She sold the house for $375,000, and after subtracting the selling costs of $30,000, we get $345,000. Therefore, Jill's capital gain is $345,000 (adjusted sale price) - $257,000 (total investment) = $88,000.
This capital gain represents the profit Jill made from the sale, not accounting for potential taxes or other fees that may apply in a real-life scenario.
An MNC in a developing country is operating amidst severe space constraints, and the infrastructural conditions in the city are bad, causing a lot of lost man-hours. Anticipating rapid growth in the months to come, the company has created a recruitment plan based on its revenue expectations. However, it wants to manage this expansion without undertaking an expensive physical expansion. Which of the following could be a solution for the company?
A) profit sharing
B) groupshifting
C) telecommuting
D) gainsharing
E) codetermining
Answer:
The correct answer is C
Explanation:
Telecommuting is the term which is defined as the arrangement of the work in which the employee is working outside the office and often or rare do work from home or at a location which is close to home.
It is referred to as e- commuting or working from home.
So, MNC wants to manage the expansion without expensive physical expansion. Therefore, telecommuting would be the best solution for company.
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reaquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? (Points: 2)
1. $80,0002. $10,0003. $90,0004. $100,000
Answer:
amount of cash dividend paid = $80000
so correct option is 1. $80,000
Explanation:
given data
common stock = 100,000 shares
shares issued = 45,000
subsequently reaquired = 5,000
dividend= $2 per share
to find out
What is the amount of cash dividends
solution
first we get here no of share outstanding that is
no of share outstanding = shares issued - subsequently reaquired .........1
no of share outstanding = 45000 - 5000
no of share outstanding = 40000 shares
and
now we get amount of cash dividend paid here as
amount of cash dividend paid = outstanding share × dividend share ...........2
amount of cash dividend paid = 40000 × $2
amount of cash dividend paid = $80000
so correct option is 1. $80,000
The ninth worker adds 25 units to total production. The tenth worker adds 22 units to total production. The company has:___________.
Answer:
Diminishing returns
Explanation:
A firm producing widgets (term for a generic good) has two factors of production. The factory and labour. The capacity of the factory is fixed, and the marginal cost (MC) of labour is the same (i.e. each new worker will cost the same).
There are two stages to how MC is affected.
1. Increasing returns (MC goes down)
As output begins to increase, the large manufacturing processes/equipment still not fully utilised means and the additional labour can be productive as they can always use the equipment to its full potential due to which the MC is relatively low.
2. Constant returns (MC goes sideward)
At this point, labour is producing its optimal output per unit. The marginal cost is therefore at its lowest.
3. Diminishing returns (MC goes up)
The more labour that is employed, the less marginal output it is able to produce. This could be a result of too many people to efficiently operate/ rotate use of machinery. The cost increases more and more to generate an extra unit of output, because of labour exhibiting diminishing returns in the short run.
In this question, the 10th worker has added 22 units which is 3 units less than the number of units added by the 9th worker, thus the company is producing less marginal output for each worker. so based on the above discussion it can be concluded that the company has Diminishing returns.
Changes in the money supply M1 relate strongly to changes in _____________ that are determined largely by loans made by the banking system..
Answer:
the correct answer is check able deposits
Explanation:
Changes in the money supply M1 relate strongly to changes in check able deposits that are determined largely by loans made by the banking system..
good luck
which of the following is a characteristic of a revocable beneficiary designation?
Answer:
d) Policyowner can change beneficiary designation anytime without consent of beneficiary. See explanation below.
Explanation:
Life insurance by definition is the "contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured".
One characteristic of the life insurance policies is that can have revocable or irrevocable beneficiary designation.
A revocable beneficiary is possible "to be changed by the owner of the policy without the signature of the beneficiary".
An irrevocable beneficiary requires that a "beneficiary sign off on any policy changes".
a) Beneficiary may return control of policy to owner with written approval
Not true if is revocable the only person that can change the insurance is the owner not the beneficiary
b) Beneficiary has a vested interest in the policy
Not true, since the the owner have the control the beneficiary
c) Policyowner requires beneficiary’s permission to borrow against the cash value
Not correct since for a revocable beneficiary the owner can change the insurance
d) Policyowner can change beneficiary designation anytime without consent of beneficiary
This is the correct option since the the only person that can change the conditions is the policyowner and without the consent of the beneficiary.