The balance sheet below reflects Zee Bank after its purchase of $30 million in government securities from the Fed. Assume a required reserve ratio of 10%, that banks hold no excess reserves, and all currency is deposited into the banking system. Assets Liabilites and net worth Reserves $15 million Liabilities: Checking Deposits $150 million Loans $275 million Net Worth $170 Treasuries $30 million How did the purchase of $30 million in government securities from the Fed affect the money supply

Answers

Answer 1

Answer: money supply is decreased by $300 million

Explanation:


Related Questions

Which of the following budgeting options increases the marketing budget by the rate of the company's inflation?


rule of thumb budgeting

objective and task budgeting

competitive budgeting

arbitrary budgeting

Answers

Answer:

D. objective and task budgeting I believe

Explanation:

Really difficult, but not impossible, to determine the tasks necessary to reach goals and estimating the costs associated with tasks

As a supervisor you observe a female member of your staff is being harassed
both verbally and at times physically. She seems to disapprove but does not
make any reports. How would you go about dealing with this situation?​

Answers

Answer:

Pull into the office and have a talk about it, then talk about ways to deal with it

Explanation:

Sometimes in these situations they have been traumatized by the harassment to  report it (im saying she may be too scared to report it).

The hardest way to make easy money 2.0 

Answers

The hardest way to make easy money 2.0, therefore, involves putting in a lot of effort and hard work to achieve the promised rewards. It's important to carefully weigh the risks and benefits before jumping into any opportunity, and to have a realistic understanding of the amount of time and effort required to make it successful.

The phrase "the hardest way to make easy money" refers to the idea of putting in a lot of effort, time, and resources into a venture that promises quick and substantial returns. This may include taking on a risky investment, gambling, or engaging in shady business practices.
In the 2.0 version of this phrase, the meaning remains the same but the context has shifted to include the modern-day phenomenon of the gig economy. Today, there are many opportunities to make quick money through online platforms like Uber, Airbnb, or TaskRabbit. However, these opportunities often require a lot of work, time, and effort to be successful.
For example, driving for Uber may seem like an easy way to make extra cash, but it requires putting in long hours, dealing with difficult passengers, and dealing with the stress of traffic and road conditions. Similarly, renting out your home on Airbnb requires investing in furniture, cleaning services, and providing a high level of customer service.
Therefore, the hardest way to make easy money 2.0, therefore, involves putting in a lot of effort and hard work to achieve the promised rewards. It's important to carefully weigh the risks and benefits before jumping into any opportunity, and to have a realistic understanding of the amount of time and effort required to make it successful.

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Based on the relationship and agreement with the vendors, what are the 2 vendor workflow options to pay your vendors?

Answers

Answer:

1.Bill > Pay Bills

2.Create Purchase Order

Explanation:

Vendors plays a very important role in any industry or in organization. Sometimes they are also known as the suppliers. They supplies or provides few raw materials or few components to the client company which in an integral or a very important part or component of the company's product that they manufacture.

And there is an agreement between the client company and the vendor about the payment systems. The client company releases a purchase order for the order of the parts that they are going to buy from the vendor and places the order.  The vendor after receiving the PO or the purchase order sends the ordered parts or items to the client company with an invoice showing the details of costing of the items. After that the client company pays the bill to the vendor company.

a hybrid business organization that combines the liability protection for owners of a corporation, is operated by a board of governors, and has the pass-through taxation of a partnership is:

Answers

A hybrid business organization that combines the liability protection for owners of a corporation, is operated by a board of governors, and has the pass-through taxation of a partnership is limited liability company (LLC)

A limited liability company (LLC) is a business structure in the U.S. that safeguards its proprietors from moral obligation regarding its obligations or liabilities. Limited liability company are cross breed elements that join the qualities of a company with those of an organization or sole ownership.

While the limited liability include is like that of an enterprise, the accessibility of move through tax collection to the individuals from a LLC is a component of an organization as opposed to a LLC.

A limited liability company is a business element and how much the organization's capital is recorded in the articles of affiliation. The organization's resources are isolated from the individual resources of the organization proprietor so they have their own resources. Everybody can have more than one offer which is confirmation of organization possession. Investors have restricted responsibility, in particular the quantity of offers possessed. On the off chance that the organization's obligation surpasses the organization's resources, the overabundance obligation isn't the obligation of the investors. On the off chance that the organization creates a gain, the benefit is dispersed by the specified circumstances. Investors will get a portion of benefits called profits, how much which relies upon the size of the benefits procured by the restricted responsibility organization.

Aside from coming from shares, LLC capital can likewise come from bonds. The benefit that bond proprietors get is that they sort out interest no matter what the benefit or loss of the limited liability company

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When the government passes a new law that explicitly changes overall tax or spending levels, it is enacting:

Answers

Answer:

A discretionary fiscal policy.

Explanation:

A discretionary fiscal policy is a policy guideline out in place by Government with the aim of either shrinking or expanding the economy. This kind of policy is usually associated with either an increase or decrease in the tax rates or levels which will increase government revenue or decrease in government revenue or be focused on increasing or decreasing government spendings on the economy either through increasing or decreasing investment in infrastructures etc

According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?

Answers

The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.

Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:

Evaluation of the Night-light Data Method:

Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.

Reasons for Differences between Traditional Expenditure Approach and Night-light Data:

Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.

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how do people who volunteering/organizing at a fundraiser use donated items

Answers

People who volunteer or organize fundraisers typically use donated items in various ways to support the event and achieve its objectives.

Here are some common ways in which donated items are utilized:

1-Auctions or raffles: Donated items can be auctioned off or used as prizes in raffles to generate funds for the cause. These items could include gift certificates, merchandise, experiences, or unique collectibles.

2-Gift bags or swag: Donated items can be assembled into gift bags or swag bags that are given to attendees or participants. These bags often contain promotional materials, small gifts, or samples from sponsors or donors.

3-Silent or live auctions: Donated items can be showcased and bid on in silent or live auctions during the event. These items may range from artwork and jewelry to vacation packages or exclusive experiences.

4-Event supplies: Donated items such as food and beverages, decorations, audiovisual equipment, or event space can significantly reduce the costs associated with organizing the fundraiser.

5-Prizes or incentives: Donated items can be used as incentives for participants to reach certain fundraising goals or milestones. This can motivate individuals to actively engage in fundraising efforts.

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Why do Keynesian economists emphasize AD, whereas classical economists emphasize AS?

Answers

Keynesian economists emphasize Aggregate Demand , whereas classical economists emphasize Aggregate Supply  because he emphasis on Fiscal policy rather than monetary policy.

How is Keynesian economics different from classical economics?

Classical economics places little emphasis on the use of fiscal policy to manage aggregate demand. Classical theory is the basis for Monetarism, which only concentrates on managing the money supply, through monetary policy. Keynesian economics suggests governments need to apply fiscal policy, especially in a recession

Classical economics emphasizes the fact that loose markets result in an efficient outcome and are self-regulating.In macroeconomics, classical economics assumes the longer term aggregate deliver curve is inelastic; therefore any deviation from full employment will only be temporary.The Classical model stresses the importance of limiting government intervention and striving to keep markets free of potential limitations to their efficient operation.Keynesians argue that the financial system may be under complete capacity for a giant time because of imperfect markets.Keynesians place a extra role for expansionary monetary coverage (government intervention) to conquer recession.

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leearning task 1 give the examples of technology

Answers

Technology continues to evolve and shape our lives, transforming industries, and opening up new possibilities for innovation and growth.

Technology encompasses a wide range of tools, systems, and applications that are designed to improve efficiency, productivity, and communication in various fields. Here are some examples of technology in different areas:

1. Information Technology (IT): Examples include computers, laptops, servers, networking equipment, software applications, operating systems, databases, cloud computing, cybersecurity systems, and data storage devices.

2. Communication Technology: Examples include smartphones, landline phones, video conferencing systems, email platforms, instant messaging applications, social media platforms, VoIP (Voice over Internet Protocol) systems, and telecommunications infrastructure.

3. Transportation Technology: Examples include automobiles, airplanes, trains, ships, electric vehicles, GPS navigation systems, traffic management systems, logistics and supply chain software, and autonomous vehicles.

4. Medical Technology: Examples include medical imaging devices (X-rays, MRI machines, CT scanners), electronic health records (EHR) systems, robotic surgery systems, telemedicine platforms, wearable health monitoring devices, and medical research equipment.

5. Educational Technology: Examples include interactive whiteboards, online learning platforms, educational software, e-books, virtual reality (VR) and augmented reality (AR) tools for learning, student management systems, and distance learning platforms.

6. Renewable Energy Technology: Examples include solar panels, wind turbines, hydroelectric power systems, geothermal energy systems, biomass energy systems, energy storage solutions, and smart grid technologies.

7. Agricultural Technology: Examples include precision farming tools, automated irrigation systems, drones for crop monitoring, livestock tracking systems, genetic engineering and biotechnology in agriculture, and farm management software.

8. Entertainment Technology: Examples include streaming services, gaming consoles, virtual reality (VR) headsets, smart TVs, home theater systems, digital music players, and video editing software.

9. Financial Technology (Fintech): Examples include mobile banking apps, digital payment platforms, cryptocurrency systems, robo-advisors, online lending platforms, and blockchain technology.

10. Manufacturing Technology: Examples include robotics and automation systems, 3D printers, CNC machines, computer-aided design (CAD) software, inventory management systems, and quality control systems.

These are just a few examples of the vast array of technologies that exist today. Technology continues to evolve and shape our lives, transforming industries, and opening up new possibilities for innovation and growth.

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A brown-eyed father and a green-eyed mother have a 25% chance of having a green-eyed child. What is the probability that, in a family of four children, three of them have green eyes?

a.0.421 875
c 0.011 718 75
b. 0046 875
d. 0.1875

Answers

Answer:t

Explanation:

MAKARO SUPERSTORE TRIAL BALANCE 31 December, 2022 Capital 30000$ Plant and Machinery 50,000$ Debtors 200,000$ Creditors 100,000$ Loan 95,000$ Interest on Loan 3,000$ Cash 20,000$ Provision for Doubtful Debts 7,000$ Stock on 1st April, 2017 68,000$ Motor Vehicles 100,000$ Bank 35,000$ Land and Building 120,000$ Bad Debts 5,000$ Purchases 660,000$ Sales 1,100,000$ Purchases Return 15,000$ Sales Return 80,000$ Transportation Out Carriage Outwards 25,000$ Transportation In Carriage Inwards 30,000$ Salaries 90,000$ Rent and Insurance 30,000$ Advertising 35,000$ Discount Received 5,000$ General Expenses 34,000$ Bills Receivable 60,000$ Bills Payable 20,000$ Rent Received 3,000$​

Answers

To prepare the Makara store balance sheet, we will categorize the items into their respective asset, liability, and equity categories.

        MAKARO SUPERSTORE                Balance Sheet      As of 31 December, 2022

Assets:

Plant and Machinery: $50,000

Debtors: $200,000

Cash: $20,000

Stock: $68,000

Motor Vehicles: $100,000

Bank: $35,000

Land and Building: $120,000

Bills Receivable: $60,000

Total Assets: $653,000

Liabilities:

Creditors: $100,000

Loan: $95,000

Interest on Loan: $3,000

Provision for Doubtful Debts: $7,000

Bills Payable: $20,000

Total Liabilities: $225,000

Equity:

Capital: $30,000

Total Equity: $30,000

Total Liabilities and Equity: $653,000

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Help bell pelsss I need starlight forward answer

Help bell pelsss I need starlight forward answer

Answers

Answer:

i ont know is coreect

It is a manageable increase so the answer is b I’m guessing I’m not sure

What is the main purpose of insurance?
A. To eliminate all risks
B. To identify which risks you face most
C. To protect you against risk
D. To help you pay for things you cannot afford

Answers

Its goal is to reduce monetary uncertainty and make accidental loss manageable. It does this substituting charge of a small, regarded fee—an insurance premium—to a expert insurer in trade for the assumption of the risk a large loss, and a promise to pay in the tournament of such a loss

What is the cause of insurance and chance management?

It involves taking steps to decrease the likelihood of things going wrong, a thought acknowledged as loss control. It also entails the purchasing of insurance to reduce the economic influence of unfavorable occasions on a business enterprise when, in spite of your first-class efforts, bad matters happen.

Pay for urgent clinical expenses to save the existence of an insured individual if that is needed. Meet an insured person's debts and different financial commitments in the match of death.

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Rita Rodriquez obtained a 24 month

Answers

Answer:

True

Explanation:

snce rita times 4 to the power of rodriquez is 24 then this is proven to be true

My cousin borrowed $18000 for new car loan for 6 years he told me that at the end of the loan he pained $25560 for interest and principal what was the rate of the loan

A 7% b 8% c 9% d 9%

Make you the brainlist if you answer

Answers

Answer:

7%

Explanation:

R = (1/T)(A/P-1)

R = (1-6)((25560/18000)-1)

R = .07

R = 7%

Given the following, compute the cost of goods manufactured.
Direct material cost: $40,000
Direct labor cost: $100,000
Applied overhead: $120,000
Beginning work in process inventory: $30,000
Ending work in process inventory: $12,000

Answers

Answer:

$278,000

Explanation:

Given the above, cost of goods manufactured is computed as

= Direct materials + Direct labor + Applied overhead + Beginning work in process - Ending work in process

= $40,000 + $100,000 + $120,000 + $30,000 - $12,000

= $278,000

Cost of goods manufactured is $278,000

100 pts
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.


Corn

Diamonds

United States

60

10

Congo

20

5



Which statement is true based on the data table?
The United States should specialize in diamonds and trade for corn.
The United States should specialize in corn and trade for diamonds.
Congo should specialize in corn and trade for diamonds.
Congo should specialize in both corn and in diamonds.

Answers

Answer:

In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.

What is the open-door cost of delivering corn?

The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.

This can be found as:

= Units of jewels/Units of corn

= 10/60 jewels

All in all, choice B is right.

Answer:

B) The United States should specialize in corn and trade for diamonds.

Explanation:

I got it right on the test

Someone is retiring next year.What would be an appropriate amount of risk to take with their investments?

Answers

In purchasing few properties depending on their budget which will provide them with allowance as income

An employee works 47 hours (47-40 overtime hours) during a workweek in October of 2020. the employee earns $46/hour, with his employer paying 1.5 times times regular rate of pay for overtime hours. to date, he has earned $140,550 during the present year. he has requested that his employer withhold 7% of gross pay which is to be contributed to a 401(k) plan.

Taxable income for federal income tax withholding=

taxable income for social security tax=

taxable income for Medicare tax=​

Answers

Taxable income for federal income tax withholding is $2,160.39Taxable income for social security tax is $2,323Taxable income for Medicare tax is $2,323

a. Calculate to determine the Taxable income for federal income tax withholding

First step is to determine the Gross pay

Gross pay:

Normal 40 hrs ×$46/hour =$1,840              

Overtime (47 hours-40 hours)×$46/hour ×1.5=$483      

Total pay=$2,323

Now let determine the Taxable income for federal income tax withholding

Taxable income for federal income tax withholding=$2,323-(7%×$2,323)

Taxable income for federal income tax withholding=$2,323-$162.61

Taxable income for federal income tax withholding=$2,160.39

b. Calculation to determine the taxable income for social security tax

Taxable income for social security tax= (40 hrs ×$46/hour)+ [(47 hours-40 hours)×$46/hour ×1.5]

Taxable income for social security tax= (40 hrs ×$46/hour)+ (7 hours×$46/hour ×1.5)

Taxable income for social security tax=$1,840+$483        

Taxable income for social security tax=$2,323

c. Calculation to determine the taxable income for Medicare tax

Taxable income for Medicare tax= (40 hrs ×$46/hour)+ [(47 hours-40 hours)×$46/hour ×1.5]

Taxable income for Medicare tax=(40 hrs ×$46/hour)+ (7 hours×$46/hour ×1.5)

Taxable income for Medicare tax=$1,840 +$483      

Taxable income for Medicare tax=$2,323

Inconclusion:

Taxable income for federal income tax withholding is $2,160.39Taxable income for social security tax is $2,323Taxable income for Medicare tax is $2,323

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What statement is true of SMART goals?

It only applies to short-term goals.

It refers to goals that you select as top priority.

They align your goals to the direction in which you want to go.

It only applies to long-term goals.​

Answers

They align your goals to the direction in which you want to go.

NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services

Answers

In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.

In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.

The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.

Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.

These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.

By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.

This enables businesses to operate efficiently and effectively, contributing to economic growth and development.

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Bierman's, a local department store, sold a range of products. Yesterday, an order arrived for the appliance center. 300 ovens, purchased at a cost of $200 each, were distributed among 8 stores. 200 were sold for $300 each across all stores. The cost of goods sold totals​

Answers

The Bierman's Cost of Goods Sold totals $40,000.

The Cost of Goods Sold is computed as the product of the number of units of the ovens sold by the unit cost price.

Data and Calculations:

Number of units bought = 300

Cost price per unit = $200

Cost of purchases = $60,000 (300 x $200)

Number of units sold = 200

Sales price per unit = $300

Cost of Goods Sold = $40,000 (200 x $200)

Thus, the cost of goods sold is $40,000.

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Ryan Corporation manufactures auto steering systems. Cost estimates for one unit of the product for the year follow:
Direct materials $200
Direct labor ($12/hour) $300
Machine hours 20
This product requires 15 hours of direct labor in Department A and 10 hours in Department B. Also, it requires 5 machine hours in Department A and 15 machine hours in Department B.
The factory overhead costs estimated in these two departments follow:
Variable cost Fixed cost
A $ 150,000 94,000
B $ 80,000 163,000

Management expects the firm to produce 1,000 units during the year.
Required
1. Assume that factory overhead was applied on the basis of direct labor hours. Compute the predetermined plantwide factory overhead rate.
2. If factory overhead were applied on the basis of machine hours, what would be the plantwide overhead rate?
3. If the company produced 1,000 units during the year, what was the total amount of applied factory over-head in each department in requirements 1 and 2?
4. If you were asked to evaluate the performance of each department manager, which allocation basis (cost driver) would you use? Why?
5. Compute the departmental overhead rate and amount of applied overhead for Department A using direct labor hours as the allocation base and for Department B using machine hours as the allocation base.

Answers

1) The predetermined plantwide factory overhead rate based on direct labor hours is $10.28.

2) The predetermined plantwide factory overhead rate based on machine hours = $12.85 ($257,000/20,000)

3) The total applied factory overhead:

                           Department A    Department B    Total

Requirement 1        $154,200            $102,800    $257,000

Requirement 2          64,250               192,750      257,000

4. The allocation basis for Department A should be direct labor hours.  The department is more labor-intensive.  The allocation basis for Department B should be machine hours as it is more machine-intensive.

5) The computation of the departmental overhead rate and amount of applied overhead for Department A using direct labor hours as the allocation base and for Department B using machine hours as the allocation base is as follows:

                                          Department A    Department B

Direct labor hours                       15,000                        

Machine hours                                                       15,000

Fixed factory overheads         $94,000           $163,000

Departmental overhead rate  $6.27                    $10.87 ($163,000/15,000)

Applied Overhead                  $154,200          $192,750

                                       ($10.28 x 15,000)    ($12.85 x 15,000)

Data and Calculations:

Cost of One Unit:

Direct materials $200

Direct labor ($12/hour) $300

Direct labor hour per unit = 25 hours ($300/$12)

Total direct labor hours = 25,000 (25 x 1,000)

Total machine hours = 20,000 (20 x 1,000)

                                          Department A    Department B    Total

Direct labor hours                      15                        10                 25

Machine hours                            5                        15                  20

Variable factory overheads $150,000           $80,000    $230,000

Fixed factory overheads         94,000            163,000       257,000

Total annual production units = 1,000 units

1) Predetermined plantwide factory overhead rate based on direct labor hours = $10.28 ($257,000/25,000)

2) Predetermined plantwide factory overhead rate based on machine hours = $12.85 ($257,000/20,000)

3) Total applied factory overhead:

                                          Department A    Department B    Total

Direct labor hours                 $154,200            $102,800    $257,000

Machine hours                          64,250              192,750       257,000

5) Departmental Overhead Rate and Applied Overhead:

                                          Department A    Department B

Direct labor hours                       15,000                        

Machine hours                                                       15,000

Fixed factory overheads         $94,000           $163,000

Departmental overhead rate  $6.27                    $10.87 ($163,000/15,000)

Applied Overhead                  $154,200          $192,750

                                       ($10.28 x 15,000)    ($12.85 x 15,000)

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WWhich 4 list types can be directly imported into QuickBooks Online from Excel?hich 2 features in QuickBooks Online can help a professional services company track profitability by client?

Answers

     Customer, Vendor, Items, and Chart of Accounts from an Excel spreadsheet can be imported directly into Quickbooks Online. Two features that help professional services track profitability by client are Profit and loss customer report and recurring transactions.

Intuit created and sells the accounting software suite known as QuickBooks. QuickBooks products were first released in 1983 and are primarily targeted at small and medium-sized enterprises. They provide cloud-based accounting programs that take payments from companies, manage and pay invoices, and handle payroll in addition to on-premises accounting tools and provide services to track profit.

    QuickBooks Online is a cloud solution provided by intuit (QBO). Instead of paying an upfront price, the user subscribes on a monthly basis and only uses a secure Web browser to log in to the software. Banks, payroll services, and cost management software are just a few of the third-party applications and financial services that Quickbooks Online integrates with.

   

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Analyse the benefits of employee training to a business.​

Answers

Explanation:

Boosts Employee Performance. ...

Improve Morale and Job Satisfaction. ...

Ensures Opportunities for Learning. ...

Opportunity to Identify Weaknesses. ...

Provide a Framework to Develop Strengths. ...

Encourages Innovation and Risk Acceptance. ...

Boosts Adherence to Quality Standards

A share of stock sells for $53 today. The beta of the stock is .7 and the expected return on the market is 16 percent. The stock is expected to pay a dividend of $1.00 in one year. If the risk-free rate is 5.2 percent, what should the share price be in one year?

Answers

Answerueueyehrgrgr

Explanation:

Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman index of 3,195. Case’s share of that market was 16 percent, while Fiat comprised just 8 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase?

Answers

Answer:

the increase resulting from this merger = 256

Explanation:

before the merger, both Fiat and Case's contribution to Herfindahl-Hirschman index = 16² + 8² = 320

after the merger,  Fiat and Case's contribution to Herfindahl-Hirschman index = 24² = 576

the increase resulting from this merger = 576 - 320 = 256

Swifty Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $159,400, and purchases for January through April totaled $504,000. Sales revenue for the same period was $671,100. Swifty’s normal gross profit percentage is 35% on sales.

Using the gross profit method, estimate Swifty’s April 30 inventory that was destroyed by fire.

Answers

Answer:

$226,000

Explanation:

Ending Inventory As of April 30, is the ending inventory from January to April.

Opening inventory = $159,409

Purchases = $504,000

gross profit =35% of  $671,100

=0.35 x 671,000

=234,000

cost of goods sold = revenue - gross profit

=$671,100 - $234,000

=$437, 000

cost of goods sold = opening inventory + purchases- ending inventory

=$437, 000=  $159,409 +  $504,000- ending inventory

=$437,000= $663,409- ending inventory.

Ending inventory =  $663,409 - $437,000

=$226,000

1. Put the 5 steps of the communication process in order.


The Communicator encodes the their idea.


The Receiver Decodes the Message


The Communicator has an Idea.


The Communicator selects a channel for the message and sends it.


The receiver issues feedback and becomes the communicator.






2. Put the 3x3 Writing Process in order.


Analyze audience and purpose


Anticipate the audience and its reaction


Edit for Clarity


Proofread for errors


Draft first version of the message


Evaluate whether your message accomplishes its goal.


Organize information


Adapt message to audience


Research background information

Answers

Answer and Explanation:

The sequencing of the five steps in the communication process is as follows:

a. The communicator or the sender has an idea

b. After that he or she encodes that idea

c. Now the sender or communicator chooses the channel for the message and after selecting it they send it

d. After that the receiver decodes the message

e. And finally the received gives his or her feedback and he becomes the sender or communicator

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