Edgar has violated the obligation of the duty to obey all instructions of the principal, which means option D should be the right answer.
Credit on purchase refers to the financial exchange of product on terms and conditions, under which the person is able to get the product by paying for it later on. Principal is money lent to a borrower or put into an investment, which will be increased or decreased depending upon the rate of lending money. When we lend money, it is necessary to ensure that the borrower is capable to pay back the money or has collateral that can be used to regain the given amount. However, if the person is not able to pay back money due to some unwanted conditions, some efforts can be managed but if repayment is not made intentionally, then such people must be debarred from further loans or lending, so that any further losses can be minimized to the organization.
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Refer to complete question below:
Carlos instructs his sales agent, Edgar, not to sell on credit to Andrew because Carlos has experienced problems collecting from Andrew for prior purchases. Edgar sells on credit to Andrew, who pays properly. Has Edgar violated any obligation to Carlos?
1. He has not violated any obligation since Andrew paid properly.
2. He has violated the duty to exercise reasonable judgment.
3. He has not violated any obligation since Edgar did not evaluate Andrew's credit worthiness correctly.
4. He has violated the duty to obey all instructions of the principal.
payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. the december accounts payable balance is $6,800. the expected january 31 accounts payable balance is:
The expected January 31 accounts payable balance is $ 13,710.
Opening Account Payable = $ 7,300
Payment for January Purchases = $ 12,820 * 0.50 = $ 6,410
Total = $ 13,710
Accounts Payable is the term used to describe when a business makes a credit-based purchase that must be repaid quickly. It is considered a liability and falls under the category of "current obligations." Accounts Payable is a short-term debt payment that must be made in order to stay current.
Accounts Payable is an obligation owed to a specific creditor when it places an order for products or services without making a cash payment up front, indicating that you purchased the items on credit. Accounts Payable is a term that is not just used by businesses. Accounts Payable exist for even ordinary people like you and me.
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the supply of aged cheddar cheese is inelastic, and the supply of bread is elastic. both goods are considered to be normal goods by a majority of consumers. suppose that a large income tax increase decreases the demand for both goods by 10 percent. refer to scenario 5-2. the equilibrium price will
The equilibrium price will decrease in both the aged cheddar cheese and bread markets.
While bread's supply is elastic, aged cheddar cheese's supply is inelastic. Both items are typical items. The demand for both commodities is lowered by 10% as a result of the income tax. The price will decrease as a result of the decline in demand for items.
In this situation, the supply elasticity will not have an impact on the price change. Only the equilibrium quantity will be impacted by supply elasticity.
Compared to cheese, which has an inelastic supply, bread's supply will decline more than cheese's since its supply elasticity is higher
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Notice of information practices must be given to a policyholder at least:___.
A. every year.
B. every two years.
C. every three years.
D. every four years.
Notice of information practices must be given to a policyholder at least every three years.
The policyholder (or policyholder) is the holder of the insurance policy. In most cases, the policyholder is the only person who can change the policy. The policyholder is also responsible for ensuring that premium payments are up to date.
The policyholder is the person who holds the insurance policy. So if you buy an insurance policy in your own name, you are the owner of the policy, and you are protected by all the details inside. As a policyholder, you can also add other people to your contract, depending on your relationship.Learn more about insurance policy here: https://brainly.com/question/25855858
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When designing a project schedule, the ____________ of the schedule provides the level of detail for monitoring the progress of the project so that everyone has the same understanding of what must be achieved by when.
When designing a project schedule, the outline of the schedule provides the level of detail for monitoring the progress of the project so that everyone has the same understanding of what must be achieved by when.
A schedule for a design project is what?After a project has been approved, during the planning stage of the project, a design timetable is established. Compared to baseline schedule estimates, which are established prior to project approval, design schedule estimates are more thorough.
What details does the project schedule contain?According to resource availability, task dependencies, and project limitations, the project schedule is the instrument that arranges the work and resources for the project. The schedule specifies who is in charge of each task, how long each task should take to complete, and how the work is broken down at the task level.
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What are the 5 methods of financial statement analysis?
There are five widely used methods for analyzing financial statements: cost-volume-profit analysis, ratio analysis, trend analysis, and horizontal and vertical analysis.
By financial statement analysis, what do you mean?Financial statement analysis is the process of evaluating the financial data in the financial statements critically to comprehend and make judgments about the operations of the company.
Each method enables the construction of a more thorough and complex financial profile.
Horizontal analysis, which contrasts past data (such as ratios and line items), is typically represented as a percentage increase over the same line item in the base year.Vertical analysis, in which each line item on a financial statement is listed as a percentage of another item, is a proportional analysis of a financial statement.Ratio analysis enables meaningful comparisons between the various financial statement components and is used to identify a broad upward or negative trend.Trend analysis, to predict the long-term course of market sentiment, trend analysis makes use of historical data (such as price alterations and trade volume).Cost volume profit analysis, this method of analysis aids in the comprehension of the connection between sales, costs, and business profit by businesses.Learn more about Financial statement analysis: https://brainly.com/question/13858863
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aicha, the coach of a women's basketball team, prepares the team's playing strategy for an upcoming basketball tournament. the strategy devised will be successful only if the players are allocated appropriate positions in the team according to their strengths. in this scenario, which of the following managerial functions must aicha perform to allocate playing positions to the players
"Organizing" is the managerial functions that Aicha must carry out in order to assign playing locations to the basketball team's players.
What is meant by the term managerial functions?The precise duties of a manager are referred to as managerial functions. They typically include making decisions, interacting with others, and exchanging information. Planning, organizing, leading, and regulating are the four fundamental managerial tasks.Choosing which tasks should be completed and by whom falls under the category of "organizing functions." The manager also determines who reports to whom, how to organize various roles, and who will implement choices.Aicha, the women's basketball team's coach, plans the team's game plan for an approaching basketball competition. The developed strategy will only be effective whereas if players are assigned proper roles in the team based on their strengths.
Thus, the management duties must Aicha carry out in this case to assign playing spots to a players by "organizing".
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Which of the following describes furloughing?
a. Cutting salary but requiring employees to work the same number of hours
b. Reducing the number of employees at the firm
c. Requiring employees to work from home
d. Paying more than the local prevailing wages
e. Reducing pay and hours but keeping benefits
e. Reducing pay and hours but keeping benefits
describes furloughing.
A furlough is an unpaid temporary layoff, involuntary leave, or other modification of regular working hours for a predetermined period of time. Furloughs are used by businesses for a variety of reasons, including plant closures or when a large-scale reorganization leaves it unclear which employees will be retained. Furloughs in the military are granted to service members who are permitted to leave their station post for a predetermined amount of time or whose new assignments are still being finalized.
Furloughs are a less-permanent solution in modern business practice than layoffs. They are helpful in circumstances where the expected duration of the economic conditions that led to the furloughs is short. They are also frequent when temporary business disruptions are thought to have occurred.
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if that price ends up being the market price and if the normal rate of profit is 10 percent, then what will each firm’s accounting profit per unit be?
Each firm’s accounting profit per unit will be 3.30.
Taking answer from option c of the full question, we will compute that
[tex]\frac{0.33}{10} X 100[/tex] = 3.30
The accounting profit, sometimes referred to as net income for a corporation, is frequently referred to as the bottom line. This definition of profit is used by accountants to calculate how much money a company has generated after costs are subtracted from total revenue. The distinction between a company's overall revenue and explicit costs is known as accounting profit, often referred to as financial profit or accounting profit. One of the key sources of information utilized by investors is accounting profit, which comprises all mandatory reporting of both revenues and expenses. All selling, general and administrative, financing, and realized gains and losses are included in the total cost of goods sold.
Note that the full question is:
a. What are the firm's ATC at these three levels of production?
At 1,400 units per day, ATC = $0.43
At 1,200 units per day, ATC = $0.33
At 900 units per day, ATC = $0.42
b. If every firm in this industry has the same cost structure, is the industry in long-run competitive equilibrium?
c. From what you know about these firms' cost structures, what is the highest possible price per unit that could exist as the market price in long-run equilibrium?
d. If that price ends up being the market price and if the normal rate of profit is 10 percent, then how big will each firm's accounting profit per unit be?
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for each scenario, determine which bias is preventing a price index constructed 15 years ago from measuring the true cost of living. a. a typical family owns more cell phones and fewer landline telephones than it did a decade ago. the average price of a cell phone plan is lower than that of a residential line.
A bias of that magnitude would cause the growth of quantities deflated by the CPI, such as real wages, to be understated by 19 percent. Bias of this magnitude substantially affects how we assess the growth of our economy and the well-being of its members.
What bias is preventing a price index constructed?This level of bias has a significant impact on how we evaluate the expansion of our economy and the welfare of its constituents.
A skew of that magnitude would understate the increase in items like real earnings that are deflated by the CPI by 19%.
Therefore, Since the publication of the study in 1996, BLS has made certain methodological adjustments.
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lace and abbie are two interns with cinnabon for the summer. they are asked to come up with a content marketing strategy for the brand. before deciding on what they need to create, what is the first step lace and abbie need to take?
Lace and Abbie need to first conduct a content audit to determine which assets have worked before in the field of content marketing.
Content marketing is a field of marketing which is predominantly focused on creating and publishing of unique content, used to attract, engage, and retain an audience by creating and sharing relevant articles, on various media platforms. Content audit is the mechanism in which the processing and working of the content website is looked upon, along with the graphics that can be maneuvered, and the services that the customers wish to demand from the creators. This can be done using a feedback mechanism. It is important for the content on the website to be easy to comprehend, organized, well informative and up to date.
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question 5 a company defines a problem it wants to solve. then, a data analyst gathers relevant data, analyzes it, and uses it to draw conclusions. the analyst shares their analysis with subject-matter experts, who validate the findings. finally, a plan is put into action. what does this scenario describe?
The subject matter expert use the Data-driven decision-making to validate the findings from the analyst shared analysis.
This company has set data at the heart of its business plan in order to attain data- driven decision- making.
Data - driven decision making :
The practise of operating data to support your decision- making and support an action plan before achieving to it's known as data- driven decision- making, or DDDM. Identify the features, services, and works that customers demand through collecting survey data. To reveal any possible issues that bear to be determined before to a concluding release, user testing should be operated to determine how customers are likely to use a work or service.
What kind of problems do data analyst work?Data analysts generally work with subsisting data to solve sketched business problems. Data scientists make new algorithms and models to make prognostications about the future.
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As the industrial economy rapidly expanded, why was it impossible for work skills to be passed on directly from parents to children?
As the industrial economy rapidly expanded, why was it impossible for work skills to be passed on directly from parents to children occupations became more specialised.
Occupation or job, one's role in society, often a regular activity performed for payment.An occupation is a work situation had by a person who has a specific field of interest and distinct skills that benefit that field. That person could look for a job within a specific occupation, they could be interested in continuing a career in that occupation, and if the occupation requires licensing and certification, they could pursue it as a profession.
Thus,it is impossible for work skills to be passed on directly from parents to children because occupation became more specialised.So, option (c) is correct.
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Complete question:As the industrial economy rapidly expanded, why was it impossible for work skills to be passed on directly from parents to children?
a. general knowledge of physical, social, and economic environments became less important
b. industrial work became more dangerous
c. occupations became more specialized
d. abstract learning became less important
, plus a capital gain, g, for a total expected return. in -select- , this expected return is also equal to the required return. it's easy to calculate the dividend yield; but because stock prices fluctuate, the yield varies from day to day, which leads to fluctuations in the dcf cost of equity. also, it is difficult to determine the proper growth especially if past growth rates are not expected to continue in the future. however, we can use growth rates as projected by security analysts, who regularly forecast growth rates of earnings and dividends.
The dividend yield is a financial measure that measures the number of cash dividends paid out to shareholders compared to the market value per share.
What is dividend yield?Dividend Yield, expressed as a percentage, is a financial indicator that indicates how much a company pays in dividends relative to its share price each year.Dividend yield, expressed as a percentage, is the amount a company pays shareholders to own shares divided by the current share price.Older companies are most likely to pay dividends.Companies in the utilities and consumer goods industries often have relatively high dividend yields.Real estate investment trusts (REITs), master limited partnerships (MLPs), and business development companies (BDCs) pay above-average dividends. However, dividends from these companies are subject to higher tax rates. It is important for investors to remember that high dividend yields do not always represent attractive investment opportunities, as stock dividend yields can rise as a result of falling share prices.to know more about how to calculate dividend yield refers to
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describe whether you want a high value or a low value for each ratio, independent of the other ratios. a) return on equity: b) profit margin ratio: c) asset turnover ratio: d) financial leverage ratio:
Return on equity - high
Profit margin ratio - high
Asset turnover ratio - high
Financial leverage ratio - low
The ratio of a company's net income to the equity of its shareholders is known as return on equity (ROE). A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). A corporation is better at turning its equity financing into profits the higher the ROE.
One of the often used profitability statistics to determine how profitable a business or line of business is is profit margin. It displays the proportion of sales that have generated profits.
By deducting the cost of goods sold (COGS) from total sales and dividing the result by total revenue, you can quickly calculate a company's profit margin. Calculate the percentage by multiplying that number by 100. It would be for many different types of enterprises, including shops, restaurants, manufacturers, and other goods producers, if the gross profit margin ratio was between 50 and 70 percent.
A greater asset turnover ratio is typically preferred since it suggests that the business is effective at producing sales or revenues from its asset base. A lower ratio suggests that a business is not utilizing its resources effectively and may be experiencing internal issues.
A company is more likely to default on loans if its financial leverage ratio is too high because most of its cash flow is going toward debt repayment. A company with a stable revenue stream and a lower financial leverage ratio is typically considered to be more financially responsible.
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g what is the impact of environmental regulation on the economy? it uniformly raises costs it costs a loss of jobs to overseas pollution havens. it reduces firm productivity all of the above none of the above
Environmental regulations raise production costs at regulated firms
What is environmental regulation?
Environmental regulations are similar across developed and developing nations.
The false claim about environmental regulations is that "environmental laws are similar in developed and developing countries." This is untrue because it should be noted that various countries have their own laws and regulations pertaining to the environment.
While some of these developing nations have the regulations that are vital in tackling pollution, others don't and there are several distinctions in the way each nation tackles its environmental issues.
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the main challenge for antitrust regulators is a. to figure out how to best benefit consumers. b. to facilitate privatization of government assets. c. to promote the concept of a market-oriented economy. d. to determine when a merger may hinder competition.
The main challenge for antitrust regulators is to determine when a merger may hinder competition.
What is antitrust?Antitrust laws are rules that promote competition by restricting a firm's ability to dominate the market.A merger between rivals has the potential to hurt customers in one of two ways: By allowing the merged company to raise prices profitably on its own or by (1) enabling or improving the ability of the remaining firms to act in a coordinated manner on some competitive dimension (coordinated interaction).A merger increases market share and lessens competition. As a result, the new business can establish a monopoly and raise the prices of the goods and services it offers.When two businesses merge, the stock of each is ceded, and fresh equity shares are issued for the new company. A merger or acquisition occurs when one business buys another.To learn more about antitrust refer to:
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what happened to the dollar following the announcement by the group of five that it would be desirable for most major currencies to appreciate via the u.s. dollar?
a. The dollar became even stronger in foreign exchange markets.
b. The dollar continued to decline.
c. The dollar strengthened.
d. The dollar was replaced by the euro in pegged exchanges.
e. The dollar was not affected by this announcement.
A. The dollar became even stronger in foreign exchange markets.
The forex market is a global decentralized or over-the-counter marketplace for the buying and selling of currencies. This marketplace determines foreign exchange fees for each forex. It consists of all aspects of buying, promoting and changing currencies at modern or determined expenses.
The foreign exchange marketplace assists global alternate and investments with the aid of enabling forex conversion. for instance, it permits a business inside the united states of america to import goods from european Union member states, particularly Eurozone contributors, and pay Euros, even though its income is in united states of america greenbacks.
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Which of the following techniques is generally used by anti-virus softwares? More than one answer may be selected.
a. searching for the specific set of data that makes up a virus signature
b. examigos for Suspicious characteristics without on exact agnature match
c. quinning all new files and software wion they are saved to a hard drive
d. quorunning all mos that are sent ty someone who is not in their contact list
The techniques is generally used by anti-virus software is searching for the specific set of data that makes up a virus signature and examigos for Suspicious characteristics without on exact agnature match. Both A and B are correct option
This is so that antivirus software can recognize potentially harmful file types on a computer and prevent them from operating. Those file types that have previously been detected as viruses are considered suspicious file types. The systems are alerted to these file kinds and clean them out. The first and second selections are the ones that are correct. A program called an antivirus product is made to find and get rid of viruses and other types of malicious software from your laptop or computer.
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bookworm corporation maintains ending inventory for each month at 5% of the following month's sales. it predicted the following sales (in units) for the first four months of the coming year: january february march april sales (units) 2,000 2,400 3,000 2,800 how many units should be produced in march?
2990 units should be produced in march as the ending inventory. for sales.
What is inventory in economics?All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilises a vehicle to distribute newspapers to clients. The car will be considered an asset. Raw materials, also known as any resources used to manufacture finished items, work-in-progress (WIP), and finished goods, or those that are prepared for sale, are the three main types of inventory. Inventory is an accounting word for products that are being prepared for sale at different stages
Hence, 2990 units should be produced in march as the ending inventory. for sales.
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a company produces a variety of cement-cast bird baths and outdoor sculptures and sells them to garden store retailers. this company most likely uses
A company produces a variety of cement-cast bird baths and outdoor sculptures and sells them to garden store retailers, this company most likely uses a Supply Chain.
What is a Supply Chain?
A supply chain is a network of facilities in commerce that buy raw materials, turn them into intermediate items, and then deliver finished products to clients via a distribution system. It is the network of organizations, people, activities, information, and resources involved in the delivery of a product or service to a customer. Natural resources, raw materials, and components are transformed into a finished product and delivered to the ultimate consumer as part of supply chain operations. Providers in a supply chain are sometimes classed by "tier," with first-tier suppliers delivering directly to the customer and second-tier suppliers supplying indirectly.
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the process of banks making loans in financial capital markets is intimately tied to the:
The process of banks making loans in financial capital markets is intimately tied to the creation of money.
What is the process of money creation?By buying assets on the open market and adding the matching cash to the bank reserves of commercial banks, the Fed produces money. After that, banks continue to expand the amount of money in circulation by lending to individuals and companies.The process through which a nation, or an economic or monetary region, increases its money supply is known as money creation, sometimes known as money issuance. The central banks govern the production of money in the majority of contemporary economies. Base money is the currency that central banks issue.To learn more about money creation refer to:
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the fuel consumption, in miles per gallon, of all cars of a particular model has a mean of 25 and a standard deviation of 2. the population distribution can be assumed as normal. a random sample of these cars is taken. a. find the probability that the sample mean fuel consumption will be fewer than 24 miles per gallon if (i) a sample of 1 observation is taken, (ii) a sample of 4 observations if taken and (iii) a sample of 16 observations is taken.
The probability indicates the likelihood of the event occurring, and it is simple to determine the probability if the data adhere to a probability distribution.
The reason for this is that the probability distribution is a set of empirically tested methods for determining how likely it is that data will follow the same pattern as the probability distribution.The normal distribution, exponential distribution, binomial distribution, poison distribution, and others are examples of empirically tested probability distributions.
If the sample size is one, the likelihood that the sample mean fuel consumption will be less than 27 miles per gallon
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the montana hills co. has expected earnings before interest and taxes of $8,100, an unlevered cost of capital of 11%, and debt with both a book and face value of $12,000. the debt has an annual 8% coupon. the tax rate is 34%. what is the value of the firm? you can assume that the debt is perpetual.
The value of the firm is $52,680
calculation of the firm's value
The Montana hills co. has expected earnings before interest and taxes of $8,100
Debt with both a book and face value of $12,000.
Finding the VU is the first step.
VU= [$8,100 ×(1 - .34) ] ÷.11
VU=($8,100×0.66)÷.11
VU=$5,346÷11
VU = $48,600
Let's now determine the firm's value.
VL= $48,600 + (.34 ×$12,000)
VL=$48,600+$4,080
VL= $52,680
Hence, the company's valuation will be $52,680.
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When the management of a business want to show the relationships and positions within the business they create a(n) ______.
(a) hierarchy table
(b) organization chart
(c) department chart
(d) job specialization chart
When the management of a business want to show the relationships and positions within the business they create a(n) (b) organization chart.
An organizational chart is a visual representation of a company's internal structure that shows the relationships, functions, and responsibilities of each individual within the organization.
It is one method of imagining a bureaucracy. An organization's present structure can be shown visually in a corporate organizational chart.
The chart needs to show every position and how each one links to the others, regardless of the size of the company. The management function of organizing entails creating an organizational structure and assigning human resources to guarantee the achievement of goals.
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which of the following is a consequence of crowding out?A. Borrowing and spending related to expansionary fiscal policy will tend to push interest rates upward B. Borrowing and spending related to expansionary fiscal policy will tend to crowd foreign investors out of local markets C. Borrowing and spending related to expansionary fiscal policy will leave little government resources for essential activities such as national defense D. None of the above.
Borrowing and spending related to expansionary fiscal policy will tend to push interest rates upward as a consequence of crowding out. Therefore option A is correct.
What is fiscal policy?A fiscal policy is one in which the government uses taxation, public expenditure, and public borrowing as tools to accomplish specific economic policy goals.
Monetary and fiscal policy are the two main tools available to policymakers when they seek to affect the economy. The central banks control the monetary policy. By adjusting interest rates, bank reserve rates, the sale and purchase of government securities, and foreign exchange, the market's money supply can be managed.
Therefore option A is correct.
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. if the federal reserve were to sell treasury securities as part of its open market operations, it would be most effective at resolving which of the following economic problems? a. deflation b. high unemployment c. severe recession d. high inflation
If the federal reserve were to sell treasury securities .High inflation would be most effective at resolving economic problems.
What happens when the Federal Reserve sells Treasury bonds?
The Federal Reserve buys and sells governments for the purpose of controlling the money supply and interest rates. This activity is called open market trading. In this situation, reserves will decrease and the money supply will also decrease.
What happens when the Federal Reserve sells Treasury bonds?The Federal Reserve buys and sells governments for the purpose of controlling the money supply and interest rates. This activity is called open market trading. In this situation, reserves will decrease and the money supply will also decrease.
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case 4: raymond and corey are talking in the hallway about the employee benefits program. corey, who has had some recent financial trouble, explains to raymond how the benefits program has a loophole that will allow him to receive some financial assistance that he really needs to help pay health care costs for his mother. catherine, a fellow worker, overhears the conversation. later, catherine is approached by her supervisor who says he heard a rumor that some people were taking advantage of the company benefits program.
The employee benefit program are meant for providing financial employees well-being but not for getting out more money.
1) Conway and Richard are debating and looking for ways to maximize their access to company advantages, which raises an ethical dilemma.
2) 2. Conway's mother's health, the workers' own health, and the possibility that the business would lose money due to the "loophole" are the elements that have the biggest impact on the situation.
Conway and Richard are discussing the employee benefit program in the hallway. Conway, who has recently struggled financially, explains to Richard how the employee benefits program has a flaw that would enable him to get the financial support he actually needs to help pay for his mother's medical costs. A coworker called Cathy notices the conversation. Later, Cathy's manager approaches her and claims to have heard a story about certain individuals "taking advantage of the employee benefit program."
The complete question is here:
raymond and Corey are talking in the hallway about the employee benefits program. Corey, who has had some recent financial trouble, explains to raymond how the benefits program has a loophole that will allow him to receive some financial assistance that he really needs to help pay health care costs for his mother. Catherine, a fellow worker, overhears the conversation. later, Catherine is approached by her supervisor who says he heard a rumor that some people were taking advantage of the company benefits program.
1) Identify the ethical issue or problem?
2) List the facts that have the most bearing on the decision.
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determining periodic earnings and financial position depends on measuring economic resources and obligations and changes in them as these changes occur. this explanation pertains to
This explanation pertains to accrual accounting
What is accrual accounting?
According to the accrual accounting technique, revenue or expenses are recorded when a transaction takes place rather than when a payment is paid or received. The matching principle, which states that revenues and expenses should be recognized in the same period, is followed by the approach.In the world of finance, an accrual is the accumulation of interest or various investments over time.When a transaction takes place or a payment is made, accountants use the accrual accounting method to record revenue and/or expenses. Sales made on credit, purchases made on credit, rent paid, utility costs, depreciation, audit fees, and other similar items are some of the most typical examples of accrual accounting.To learn more about accrual accounting refer to:
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i went to enterprise to rent a car, i booked a full size car but i was offered a midsized car when i reached their office. which type of service gap am i experiencing?
When these presumptive expectations are not met when the service is delivered, a gap arises. Expectations of the consumer are not being satisfied in this instance. When you require more passenger and luggage capacity than a smaller automobile can provide, a full-size car rental is useful.
Consumer expectations are a reflection of household economic prospects. The current state of the economy will be significantly impacted by expectations. People will be more likely to borrow money and make purchases if they anticipate an improvement in the economic outlook.
Expectations may also affect how a government decision is received. For instance, if the government lowers taxes and borrows more to pay for it, at least some consumers might anticipate that the tax cut will only be temporary and that taxes will eventually rise to pay off the government debt.
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Here the customer's expectations were not fulfilled and that's where the customer felt a service gap.
What are Customer Expectations?Fundamental Client Services Expectations to feel acknowledged, heard, and appreciated. want the procedure to feel friction-free and simple. to observe the request or issue being addressed through action. Household economic outlook are reflected in consumer expectations. Expectations will have a big impact on the economy as it is right now. If people think the economy will get better, they'll be more likely to borrow money and buy things.
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question mode multiple choice question jeremy's boss told him that if production costs were brought down by 15% by the end of the year, they would be able to bring costs down for consumers. which type of strategy is jeremy's boss suggesting?
Jeremy's boss is suggesting low cost strategy.
A low cost plan is a kind of pricing strategy where the business sells its goods for a low cost. This tactic aids in increasing market share and stimulating demand. The business can lower costs by improving efficiency, utilizing economies of scale, or purchasing raw materials at a discount.
For instance, several domestic airlines adopt the low cost strategy, offering tickets for incredibly low prices to attract passengers and first-timers. This was made possible by frequenting the routes, providing a no-frills flying experience and increasing the number of seats every trip. As a result, more individuals were able to fly in a variety of sectors thanks to several airlines cutting costs and generally lowering ticket rates.
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