Option C is correct, A means-tested program is one for which the recipient qualifies on the basis of income.
A means test is a technique for figuring out who is eligible for financial aid to get a good or service, such as welfare payments. In order to establish a person's eligibility for financial assistance, it first considers the means or financial resources, they have available to them to pay for a certain service or item. Means-tested programs only allow participation from people and families whose incomes and/or assets are below a defined cutoff.
The government will calculate your subsidies based on your means when you need care services. It guarantees that patients from lower-income families receive greater financial aid than those from higher-income families.
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the stock of money is determined by the federal reserve system and does not change when the interest rate changes; therefore the
The stock of money is determined by the federal reserve system and does not change when the interest rate changes therefore the supply of the money curve is verticle.
The Fed can influence the money supply by changing reserve requirements. Reserve requirements generally refer to the number of funds a bank must hold against deposits in a bank account. By lowering the reserve requirement ratio, banks can lend more money.
Increase the total amount of money in the economy. The Federal Reserve Board controls the money supply by increasing or decreasing the monetary base. The monetary base depends on the size of the Fed's balance sheet. Specifically, it is the currency in circulation plus the balance of deposits held by the custodians of the Federal Reserve.
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What does confirmation bias encourage?
The confirmation bias concept comes from the field of cognitive psychology and has been adapted to behavioral finance. Confirmation bias flourishes because it's an efficient way to process information, it promotes self-esteem, and it eases stress by eliminating conflict and contradictions.
Affirmation bias is a time period from the sphere of cognitive psychology that describes how humans certainly favor information that confirms their previously existing ideals. Professionals in the discipline of behavioral finance locate that this essential principle applies to buyers in notable ways.
Because buyers are seeking for out statistics that confirms their current evaluations and ignore facts or information that refutes them, they will skew the value in their selections based totally on their very own cognitive biases. This mental phenomenon takes place when buyers filter out probably useful facts and evaluations that don’t coincide with their preconceived notions.
Traders must be aware about their very own tendency closer to affirmation bias to be able to overcome negative decision-making, missing chances, and avoid falling prey to bubbles. Looking for contrarian perspectives and keeping off affirmative questions are two approaches to counteract affirmation bias.
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Which of the following is an example of loss control?
A. Drive slower
B. Stop smoking
C. Buy insurance
D. None of the above
Drive slower is an example of loss control.
Describe lost control.Loss control is a risk management strategy that aims to lessen both the likelihood of losses and their severity in the event that they do happen. Through information and services related to safety and risk management, a loss control program should assist policyholders in lowering claims while also assisting insurance firms in lowering losses.
What kind of loss control is that?Imagine you decide to install a monitored security system in your house after learning of a break-in in your area. Your new alarm system might be viewed as loss control because it guards your family and possessions against harm (loss).
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One nice feature of an account such as a 401(k) is that many employers will _______ the employee contributions at a stated percentage of the contribution.
The fact that many firms will match employee contributions to an account like a 401(k) at a specified fraction of the contribution is a wonderful benefit.
Whom do you refer to as an employee?
A person who is paid for work for another person or business is an employee. Employees need only be paid by an employer for their labor in order to qualify as employees; they are not required to work full-time (the person or business that pays them).
Who are your staff members?
Any person who works hard to achieve the goals and goals of a specific business is referred to as an employee. According to their areas of expertise, interests, and prior experiences, employees are recruited to carry out certain tasks.
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When Michael started his construction company, he needed to purchase some very expensive excavating equipment, but he didn't have the cash on hand to do so. He borrowed from the bank to cover this _______ expenditure. Multiple Choice a. principal b. short-term c. capital d. inventory e. intangible
When Michael started his construction company, he needed to purchase some very expensive excavating equipment, but he didn't have the cash on hand to do so. He borrowed from the bank to cover this capital expenditure. The Option C is correct.
What is a capital expenditure?Basically, a capital expenditures refers to the funds used by a company to acquire, upgrade, and maintain its physical assets such as property, plants, buildings, technology, or equipment.
This expenditure is often used to undertake new projects or investments by a company. Making of capital expenditures on fixed assets can include repairing a roof. purchasing a piece of equipment, or building a new factory.
In conclusion, this type of financial outlay are made by companies to increase the scope of their operations or add some future economic benefit to the operation.
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FILL IN THE BLANK. the board of governors is the policy making body at the fed and is responsible for setting the discount rate (rate of interest charged to commercial banks) and the___(the amount of customer deposits which commercial banks must hold back and not loan out).
The board of governors is the policy-making body at the fed and is responsible for setting the discount rate (rate of interest charged to commercial banks) and the reserve requirements (the amount of customer deposits which commercial banks must hold back and not loan out).
in the united states of america, business radio stations make most of their sales by means of selling airtime for use for running radio advertisements. these classified ads are the result of a business or a carrier presenting a valuable attention, usually money, in alternate for the station airing their commercial or bringing up them on air. The maximum common classified ads are "spot advertisements", which generally final for no multiple minute, and longer packages, commonly running up to at least one hour, known as "informercials".
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TRUE/FALSE. colby company reports net income of $50,000. for the year, depreciation expense is $15,000 and the company reports a gain of $5,000 from sale of machinery. it also had a $3,000 loss from retirement of notes. as a result, cash flows provided by operating activities for the year using the indirect method is $63,000.
True. olby company reports net income of $50,000. for the year, depreciation expense is $15,000 and the company reports a gain of $5,000 from sale of machinery. it also had a $3,000 loss from retirement of notes. as a result, cash flows provided by operating activities for the year using the indirect method is $63,000.
What is meant by net income?The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.
Net income is the entire amount of money that a person or company made over a specific time period after deducting taxes, costs, and interest. A company's net income, often known as "net profit," "net earnings," or simply "profit," gauges its profitability.
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the cost of producing one more unit of a good or service the situation where an additional unit of a good or service costs the same as each of the former units
The total cost a business incurs to produce one unit of output, assuming that cost does not change, is referred to as the constant marginal cost. Because cost is the same for each and every unit produced, it is seen as a constant.
Make a marginal cost (MC) curve by plotting the expenses related to the different outputs you identified from the previous lesson. Plot the total product along the horizontal axis and the MC along the vertical axis. You can connect the points given that the sites you found do not entirely encompass all MC and TP combinations.
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Suppose the price level is fixed, the MPC is .5, and the GDP gap is a negative $100 billion. To achieve full-employment output (exactly), government should
A. increase government expenditures by $100 billion
B. increase government expenditures by $50 billion
C. reduce taxes by $50 billion
D. reduce taxes by $200 billion
Multiplier is 1/.5= 2 so 50 billion increases demand by 100 and closes the GDP gap.
Hence, the correct option is B i.e., increase government expenditures by $50 billion.
The difference between an economy's actual gross domestic product (GDP) and its potential GDP, as shown by the long-term trend, is known as the GDP gap. A country's economy forfeits output when there aren't enough jobs for everyone who wants to work, which results in a negative GDP gap. On the other side, a significant positive GDP gap typically indicates that an economy is overheated and at risk of experiencing excessive inflation.
The production gap is the distinction between real GDP and potential GDP.
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In the context of the ways in which consumers are treated, competition in the marketplace serves to protect consumers. a. True b. False.
It is true, that in the context of the ways in which consumers are treated, competition in the marketplace serves to protect consumers.
By maintaining low costs and a wide selection of high-quality goods and services, it helps customers. Our economy operates due to competition. The Federal Trade Commission works to keep our markets open and free by enforcing antitrust laws.
A strong market economy is essential to the success of the American economy. Economic fundamentals show that when businesses must compete for customers, the result is cheaper pricing, better goods and services, more variety, and more innovation.
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he J-curve effect means that import prices are higher, thus revenues paid out increase while export prices are lower and incoming revenues decrease. Therefore, after a currency depreciation:
the trade balance decreases and then increases over time giving the curve a J shape.
Therefore, after currency depreciation increases over time giving curve a J shape.
What is depreciation?Depreciation is a term used in accounting to refer to two different aspects of the same concept: first, the actual decline in an asset's fair value caused by use, such as the annual decline in value of industrial equipment, and second, the application of an asset's initial cost over the course of its useful life. Depreciation is essentially act of "writing down," or reallocating, the cost of a tangible asset over duration of its useful life. It also refers to the fall in asset value. Business depreciates long-term investments for accounting and tax purposes. It is common practice to allocate the cost as a depreciation charge across the expected use periods for the asset.
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Ratios used to compare different firms at the same point in time belong to a category of analysis called: time series analysis cross-sectional analysis industry comparative analysis just-in-time analysis
Ratios used to compare different firms at the same point in time belong to a category of analysis called cross-sectional analysis.
What is meant by analysis?
A thorough analysis of anything difficult to ascertain its nature or identify its key characteristics comprehensive research. conducting a thorough analysis of the issue. An analysis is significant because it arranges and interprets data before structuring it into presentable knowledge that is applicable to practical applications.An evaluation of a company, division of a company, or project's feasibility, stability, and profitability are known as financial analysis.Identification of needs and selection of remedies for business issues is the task of business analysis.Price breakdown to a unit figure is part of price analysis.Market analysis refers to prices established by the interaction of supply and demand, which includes suppliers and buyers.To learn more about analysis refer to:
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When one business is dependent upon the performance of another business, liability for poor performance becomes easier and clearer to determine. TRUE or FALSE
When one company depends on the success of another, it is simpler to prove liability for inadequate performance. FALSE
What do you mean by liability?A company's potential obligations to clients, vendors, or other businesses are referred to as liabilities. This suggests that future profits for the company won't be possible. In contrast to equity, a responsibility is a way for a firm to obtain funding.
How do assets and liabilities differ?Assets show a net growth in value while liabilities show a net loss in value. By comparing a company's entire assets to its total liabilities using a common accounting calculation, investors can determine the ratio of assets to liabilities and determine the company's value.
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An offer:A) cannot be modified or revoked before acceptance and generally includesadvertisements and price lists.B) may be made by either a buyer or a seller.C) generally includes advertisements and price lists.D) may be made by either a buyer or a seller and generally includes advertisementsand price lists.E) cannot be modified or revoked before acceptance.
An offer is option B) may be made by either a buyer or a seller.
How can an offer be made?The offeror is the one who rejects the offer. The offeree is the individual to whom the offer is made. The person to whom the offer was made must accept the terms in their whole and without modification. agreements that impose duties on two or more parties.
An offer must be communicated to the offeree and may be made verbally, in writing, physically, to a specific individual or group of people, or to the entire world.
Therefore, one can say that offer by one party, an acceptance by another, and the exchange of consideration are necessary elements of a contract (something of value). An offer is made when a party suggests the terms of an agreement.
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You have decided to pursue a career in nursing. You are willing to relocate
based on salary differences. The states you are willing to relocate to have the
following average hourly wages: NY = $35.55, MA = $32.37, CA = $36.54, and FL
$44.57. What is the mean salary for these options?
Answer:
Explanation:
Step 1: Add up all numbers
35.55 + 32.37 + 36.54 + 44.57 = 149.03
Step 2: Divide by total of numbers
149.03 divided by 4 = 37.2575 = 37.26
Answer is: 37.26
Which of the following statements are true regarding dividends? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer) O A stock dividend commonly indicates management's confidence that the company doing well O A stock dividend increases the number of outstanding shares O A stock dividend increases the number of authorized shares O Stock dividends are a mechanism to keep the market price of stock affordable On January 15, the end of the first pay period of the year, North Company's employees earned $48,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $3,100 of federal income taxes. 1,037 of medical insurance deductions, and $130 of union dues. No employee earned more than $7,000 in this first period Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities View transaction list Journal entry worksheet 1 Record the employee payroll for period. Note: Enter debits before credits General Journal Debit Credit Date Jan 15 Record entry Clear entry View general journal
The correct option is option A and B .a) A stock dividend commonly indicates management's confidence that the company doing well b) A stock dividend increases the number of outstanding shares
Salary Expense 48,000 FICA Social Security Tax 2,976 FICA Medicare Tax 698 Federal Income Tax 3,100 Medical Insurance Deductions 1,037 Union Dues 130 Cash 42,059 Total 48,000 Total 48,000.
Tax relief or tax cuts offered by the government, "tax deduction" and "tax exemption," both refer to a reduction in taxable income. Tax exemptions, however, can also include reduced rates, no taxes at all, and simply a portion of your income being taxed.
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Company A has a profit margin of 12% and investment turnover of 32. Company B has a profit margin of 15% and Investment turnover of 24. Company __ has a better return on investment
Company A has a better return on investment. Company A's Investment turnover is more than Company B's Investment turnover .
What do the terms profit and revenue mean in ROI calculations?
Margin is net operating income divided by sales and is typically improved by increasing selling prices, reducing operating costs, or increasing unit sales. Revenue is revenue divided by average business assets.
What is revenue and how is it calculated?To calculate the company's annual sales, simply add up the total sales. If a company sells products, annual sales refer to the total number of sales of the products sold. If a company sells services, revenue is the sum billed for those services.
What is Margin Impact Ratio?Margin impact can be identified by comparing current profit margins after the change to future conditions. A simple example looks like this: If a company decides to change its price and volume combination, it must first calculate the new total cost.
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The dominant strategy for player 1 in the accompanying game is Player 1 Player 2 A B C X 9, 8 10, 12 3, 15 Y 5, 6 12, 20 4, 10 Z 10, 9 13, 4 8, 12
The dominant strategy for player 1 in the accompanying game is
Question 7 options:
C.
X.
Z.
Y.
The dominant strategy for player 1 in the accompanying game is Y.
What is a game theory?In game theory, the dominating strategy is a situation in which one player has superior tactics regardless of how their opponent chooses to play. All other things being equal, that player has an advantage over the opposition in the game. It implies that the dominant player will always have control over the course of events, regardless of the strategies employed by the adversary.
The option with the greatest advantages among the available options is considered the dominant strategy. The dominant strategy focuses on actions taken by any player in the game without taking the opponent's response into account. It is an independent action that the player has taken.
Therefore, based on the information, Y will be the dominant strategy for player 1 in the accompanying game.
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253.The zero coupon bonds of Markco, Inc. have a market price of $394.47, a face value of$1,000, and a yield to maturity of 6.87%. How many years is it until this bond matures?A.7 years B.10 years C.14 years D.18 years E.21 years
It is A. 7 years until this bond matures.
Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental). A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.
Companies, municipalities, states, and sovereign governments utilize bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors.
Use the following formula to calculate the number of years until this bond matures:
n = (1 + yield to maturity) / (-ln(market price/face value))
When you enter the values from the question, you get:
n = (-ln(394.47/1000)) / ln(1 + 0.0687)
That amounts to
n = (-ln(0.39447)) / ln (1.0687)
which is roughly equivalent to:
n = 7.0 years
The answer is therefore A: 7 years.
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other things equal, firms will produce and offer for sale ___ of their product at a high price than at a low price.
Other thins equal, firms will produce and offer for sale increases of their product at a high price than at a low price.
The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services, and vice versa.
According to the rule of supply, suppliers will try to maximize their earnings when the price of an item rises by offering more products for sale.
According to the law of supply, manufacturers will increase their supply to the market if the price is higher.
Businesses produce more of a good or service when they anticipate paying a greater price for it because they want to boost their revenue.
In the meanwhile, suppliers are discouraged from manufacturing as much if prices drop.
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lyricists trying to break into the big time may find their wordsmith skills are particularly suited to this field that could provide paychecks.
Lyricists looking to break into the big time may discover that their wordsmith skills are particularly suited to this field that can provide a paycheck, which is known as advertising.
What is advertising?Advertising is a marketing strategy that involves paying for advertising space to promote a product, service, or cause. Advertisements, or ads for short, are the actual promotional messages. Advertising's goal is to reach people who are most likely to be willing to pay for a company's products or services and persuade them to buy.Advertising raises consumer awareness of a new product, causing them to come and try it. After reaching a mature age, advertising aids in the creation of goodwill for the company and the acquisition of customer loyalty.Advertising strategies are classified into two types: institutional and product advertising. Institutional advertising is used to promote the brand of a company.There are traditional forms of advertising, such as newspapers, flyers, radio, and television, as well as newer forms, such as online advertising.The complete question :
"lyricists trying to break into the big time may find their wordsmith skills are particularly suited to this field that could provide paychecks is referred to as."
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Inez hires Josh to paint her portrait to her satisfaction for $4,000. When Josh finishes the portrait, Inez announces that she is not satisfied with it. Ineza. must pay Josh the contract price.b. must pay Josh half of the contract price as a compromise.c. must pay Josh only the cost of his materials.d. does not have to pay Josh.Does not have to pay josh
Ineza is not satisfied with it so, they does not have to pay Josh. Option (d) is correct.
What do you mean by Satisfaction?The act of satiating a need, want, or appetite, or the feeling engendered by such fulfillment, is known as satisfaction. In a good sense, satisfaction indicates that you've had enough.
Inez hires Josh to paint her portrait to her satisfaction for $4,000. When Josh finishes the portrait, Ineza announces that she is not satisfied with it. As Ineza announces that she is not satisfied she does not have top pay any amount because the work is given for satisfaction, and amount is also paid for satisfaction. if she is not satisfied she does not need to pay any amount to painter.
Therefore, Option (d) is correct. Ineza does not have to pay josh.
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Based on the internal team role assignments you anticipate making for your project, which roles might need to be filled by the vendor?
Project completion, which occurs in the last stage of a project's life cycle, is all about bringing a project to a successful conclusion.
Contract Closure:Contracts expire at the same time that projects do. The completion and settlement of the provisions of the contracts granted for the project is known as contract closure. Because the contract closing process evaluates whether the work outlined in the contracts was carried out precisely and successfully, it aids in the project completion process.
Releasing the Project Team:The procedure of releasing project team members is not a formal one. It should be noted, though, that when the project is over, you will release the members of your project team, who will then either report back to their functional supervisors or be given a new project to work on. As the project nears completion, you should contact their supervisors or other project managers so that they have enough time to prepare for their workers' return.
Final Payments:Typically, the final payment exceeds a basic proportion of the work still to be done. The final payment should be sufficient to encourage the vendor to give the project high priority so that it may be finished on schedule since finishing the project can include addressing the most challenging problems that are disproportionately expensive to solve.
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#SPJ1Which of the following statements is correct regarding the variety and price of products produced under monopolistic competition as compared to production under perfect competition?The monopolistically competitive industry produces a greater variety of products at a higher cost per unit.
A greater variety of products will be produced at a higher unit cost under monopolistic competition than under perfect competition.
How Does Monopolistic Competition Work?Monopolistic competition occurs when numerous businesses offer competing products or services that are comparable to one another, if not perfect. In a monopolistic competitive industry, entry barriers are low and a single company's actions do not directly affect its rivals.
Why does it go by the name "monopolistic competition"?In essence, monopolistically competitive markets are referred to as such because, although businesses compete with one another to some extent for the same group of customers, each company's product differs slightly from that of the others, creating a situation that is similar to a mini-monopoly in the
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which of the following statements about capital budgeting is not true? decisions have to be made considering long-term cash flow factors.
The claim on capital budgeting that is untrue is (A) Purchase decisions are made at the manager level.
Long-term choices involving major capital purchases are capital budgeting. Due to the size of the sum, it might not be possible to change these choices. Decisions must take into account long-term cash flow issues because there are a lot of risks associated with the usage of resources. Since they are so important to the business, the buying decisions are made at the highest level.
Making the best judgments is aided by capital budgeting. It includes decisions regarding expansion plans, mergers, and replacements but excludes those pertaining to inventory.
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COMPLETE QUESTION:
Which of the following statements about capital budgeting is not true
A) Purchase decisions are made at the manager level.
B) Capital purchases are for large amounts.
C) Capital purchases are long-term.
D) Decisions may not be possible to reverse.
E) Decisions have to be made considering long-term cash flow factors.
from the following, calculate (a) net sales, (b) gross profit, (c) total operating expenses, and (d) net income: sales returns $700, rent expense $1,288, sales discounts $950, depreciation expense $600, cost of merchandise sold $7,600, gross sales $20,900, advertising expense $1,650, salary expense $2,900, and heat expense $900.
(a) Net sales is $19,250
(b) Gross profit is $11,650
(c) Total operating expenses are $7,338
(d) Net income is $4,312
Define Net income.In both business and accounting, net income is the revenue of a firm less costs, depreciation and amortization, interest, and taxes for a particular accounting period.
Sales returns $700
Rent expense $1,288
Sales discounts $950
Depreciation expense $600
Cost of merchandise sold $7,600
Gross sales $20,900
Advertising expense $1,650
Salary expense $2,900
Heat expense $900
(a) net sales= Gross sales- sales returns - sales discount
= $20,900 - $700 - $950
= $19,250
(b) gross profit = 19,250 - 7,600
= $11,650
(c) total operating expenses = 1,288 + 600 + 1,650 + 2,900 + 900
= $7,338
(d) net income= 11,650 - 7,338
= $4,312
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You choose to participate in a raffle . Raffle tickets sell for $5 each and there are a total of 10000 tickets . The prizes in this raffle are * 1st prize $20,000 college scholarships (1 winner)
* 2nd prize $10,000 college scholarship (2 winner)
* 3rd prize $ 1,000 college scholarship (5 winner) * 4th prize $100 college scholarship (50 winners) You purchase one $5 raffle ticket . How much of your college tuition can you expect to be paid for by your raffle ticket purchase .
The college tuition can that expected to be paid for by purchasing of raffle ticket can be computed through the use of probability.
What is probability?A probability is a numerical representation of the likelihood or chance that a specific event will take place. Both proportions ranging from 0 to 1 and percentages ranging from 0% to 100% can be used to describe probabilities.
The probability is computed by dividing the total number of possible outcomes by the number of possible ways the event could occur. Probability and odds are two distinct ideas. Odds are calculated by dividing the likelihood of an event by the likelihood that it won't.
The probability of winning a scholarship can be computed separately for each raffle prize:
Total No. of Tickets = 10000 tickets
Price per ticket = $5
a) 1st prize college scholarships (1 winner) = $20,000
∴ P = No. of Outcome / Total Outcome = 1/10000 = 0.01%
b) 2nd prize college scholarship (2 winner) = $10,000
∴ P = No. of Outcome / Total Outcome = 2/10000 = 0.02%
c) 3rd prize college scholarship (5 winner) = $ 1,000
∴ P = No. of Outcome / Total Outcome = 5/10000 = 0.05%
d) 4th prize college scholarship (50 winners) = $100
∴ P = No. of Outcome / Total Outcome = 50/10000 = 0.5%
Therefore the probability amount that would be win as college scholarship is $5 which is equal to the raffle ticket price.
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jackson opened a furniture store as a sole proprietor. during the recession, business declined and he was not able to pay his suppliers and creditors. due to unilimited liability
Property can be used as desired by both private individuals and businesses because: - the entitlement to private property.
Which one of the following qualities is considered essential for something to function as money?Durability, portability, uniformity, divisibility, limited supply, and acceptability are characteristics of money.
What kind of monetary framework is old strategies are utilized in choosing what products to create?In a command economy, the goals of a ruler or ruling class are the focus of economic activity. One good example is ancient Egypt: a huge piece of monetary life was dedicated to building pyramids (like the one at the left), for the pharaohs.
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Which scenario BEST illustrates the connection between human capital and productivity? Madison's grandmother sends her a check for $1,000 to celebrate her high school graduation. Madison meets with a financial advisor and ultimately decides to purchase a mutual sund Alan wants to learn as much as he can about a certain television series. He watches all the episodes one weekend paying particular attention to dialogue spoken by the main chaatien Kyoko, Patrick, and Max are all given the ingredients to make a chocolate cake, but only Kyoko receives a recipe. She finishes her cake before the others, and it is of much better gualty After considering the tuition costs associated with college and calculating his projected earnings for the next few years at his current part-time job Danny decides to attend
The scenario that best shows the connection between human capital and productivity is C. Kyoko, Patrick, and Max are all given the ingredients to make a chocolate cake, but only Kyoko receives a recipe. She finishes her cake before the others, and it is of much better quality.
What is human capital ?Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital." It includes the education, health, and knowledge of the workforce.
Kyoko, Patrick, and Max are each given ingredients needed to make a chocolate cake. However, Kyoto was the only one to receive a recipe which led to her being more productive than others. The recipe was the knowledge described as being part of human capital above.
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To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need only state which of the following with respect the goods to be sold?
A. Price
B. Quality
C. Delivery Date
D. Payment method
E. Quantity
The contract or memorandum need only state which of the following with respect the goods to be sold.
What is memorandum?A memorandum (also referred to as a memo) is a short document used to communicate information within an organization. A memo is most commonly used to communicate information that affects multiple people or departments within an organization. It is typically used in a business setting to convey decisions, policies, or procedures that must be acknowledged. Memos are typically written in a formal, professional tone, and should include the purpose of the memo, any necessary details, and the desired outcome or action that needs to be taken. Memos are often sent to groups of people, but can also be sent directly to an individual. Memos are used to quickly and efficiently share information, often with the goal of ensuring the organization is running smoothly.
The contract or memorandum need only state the quantity, price, and delivery date of the goods to be sold in order to satisfy UCC Section 2-201. Quality and payment method may also be included, but are not required by the UCC. The quantity, price, and delivery date are the essential elements of a contract for the sale of goods, and thus must be included in the contract or memorandum to satisfy the UCC.
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To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need to state the Quantity of goods to be sold.Hence Option (B) is correct.
What is memorandum?A memorandum (also referred to as a memo) is a short document used to communicate information within an organization. A memo is most commonly used to communicate information that affects multiple people or departments within an organization. It is typically used in a business setting to convey decisions, policies, or procedures that must be acknowledged. Memos are typically written in a formal, professional tone, and should include the purpose of the memo, any necessary details, and the desired outcome or action that needs to be taken. Memos are often sent to groups of people, but can also be sent directly to an individual. Memos are used to quickly and efficiently share information, often with the goal of ensuring the organization is running smoothly.
The contract or memorandum need only state the quantity, price, and delivery date of the goods to be sold in order to satisfy UCC Section 2-201. Quality and payment method may also be included, but are not required by the UCC. The quantity, price, and delivery date are the essential elements of a contract for the sale of goods, and thus must be included in the contract or memorandum to satisfy the UCC.
To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need to state the Quantity of goods to be sold.
The contract is enforceable only to the extent of quantity of goods as mentioned in the contract.
Section 2-201 did not mention anything specifically with regard to the price, quality, delivery date, payment method etc.
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