It could increase the elasticity of demand and the increase markup of price over marginal cost.
Advertising can make consumers more loyal to particular brands, as it can create a positive brand image for the company. If there is an increase in loyalty to a brand, the demand for that particular brand will also increase. This will in turn lead to an increase in the elasticity of demand.
The markup of price over marginal cost is the difference between the price the company charges for a product and the cost of producing one unit of the product. When demand for a particular brand increases, this will also lead to an increase in the markup of price over marginal cost. This is because, with an increase in demand, the company can charge a higher price for its products due to the increased demand.
Therefore, if advertising makes consumers more loyal to particular brands, it will increase the elasticity of demand and also increase the markup of price over marginal cost.
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Suppose that we deposit $8,400 at 7% interest compounded continuosly. How will our money grow?
The money will grow in a recursive way:
For first month: I = $4897.2; A = $13297.2
For second month: I = 7,752.26; A = $21049.46
What the continuous compound interest?In theory, continuous compounding means that your account balance is always earning interest, and that interest is fed back into your account balance, so you're also earning interest.
The 7% interest is an annual percentage rate (APR) – the total interest to be paid during the year.
Since interest is being paid monthly, we will earn 7/12 = 0.583%
P₀ = $8,400
r = 0.583%
I = $8,400 (0.583)
I = $4897.2
A = $8,400 + $4897.2
A = $13297.2
In the first month, we will earn $4897.2 in interest, raising our account balance to $13297.2.
In the second month,
P₀ = $13297.2
r = 0.583%
I = $13297.2 (0.583)
I = 7,752.26
A = $13297.2 + 7,752.26
A = $21049.46
To find an equation to represent this, if Pₙ represents the amount of money after n months, then we could write the recursive equation:
P₀ = $8,400
Pₙ = (1 + r) × Pₙ₋₁
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T/F The first step in determining how much sleep you need is to evaluate your level of fatigue after getting 8 hours of sleep.
It is true that the first step in determining how much sleep you need is to evaluate your level of fatigue after getting 8 hours of sleep.
Although there are also tests that can be done at home, an in-lab sleep study offers the most thorough analysis of your sleep. A sleep study uses painless sensors to monitor your breathing, heartbeat, and brain activity while you sleep. It also records the oxygen levels in your blood as well as your eye and limb movements.
The most typical onset ranges from 12 to 25 years old. 10% of instances are found to be in guys despite being significantly more common in females.
Statistics on Sleep Deprivation
The recommended amount of sleep for adults is seven to nine hours per night. Adults aged 65 and up require 7-8 hours. Nearly half of all Americans claim to experience daytime sleepiness three to seven days each week. 35.2% of American adults overall.
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which of the following is necessary in order to establish that a mutual mistake involving a basic assumption about the subject matter of a contract was made? question 44 options: the mistake involved a misunderstanding regarding the applicability of the uniform commercial code (ucc) to the contract the mistake involved the existence, quality, or quantity of the items to be exchanged the mistake involved the identity of parties to the contract or whether a party misunderstood the time constraints involved in the contract the mistake involved whether a party could profit from the contract the mistake involved whether a party could profit from the contract or whether a party misunderstood the time constraints involved in the contract
a mutual mistake involving a basic assumption about the subject matter of a contract was made the contract the mistake involved the existence, quality, or quantity of the items to be exchanged.
What is a mutual mistake in contract law?When both parties to a contract are erroneous regarding the same crucial piece of information, this is known as a mutual error. They disagree with each other. Although the parties are in agreement, they are in error.The situation in which all parties to a contract are "mistaken" regarding a fundamental fact is a common error. The contract may be defective at law or, in some cases, voidable in equity if both parties had the same mistaken belief (such as that items were included in a sale of contract).To learn more about mutual error refer,
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suppose that lenders want to receive a real rate of interest of 5%, and that they expect inflation to remain steady at -1% in the coming years. based on this, lenders should charge a nominal interest rate of %.
If you as a borrower receive a $100 loan at a rate of 5%, you can anticipate paying an interest fee of $5. Inflation has been accounted for by marking up the rate.
What Is Nominal Interest Rate?The interest rate before accounting for inflation is referred to as the nominal interest rate.
The short-term nominal interest rate that serves as the foundation for other interest rates imposed by banks and other financial institutions is the federal funds rate, which is established by the Federal Reserve.
Investors look at the real interest rate rather than the nominal interest rate to prevent inflation from eroding purchasing power.
Real interest rates can be used to account for the effects of inflation. This real interest is what the lender actually receives in the case of a loan. The (effective) real rate of interest, for instance, is zero if the lender receives an interest rate of 8% loan and inflation is also 8%. In this case, despite receiving a higher nominal amount of currency, the lender would not benefit financially from the loan because each unit of currency would lose value due to inflation by the same percentage as the nominal amount did.
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A company purchased factory equipment for $520000. It is estimated that the equipment will have a $74000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be
$178400.
$77760.
$124800.
$208000.
If the business opts to depreciate assets using the double-declining-balance approach, the yearly depreciation reported for the second year following purchase would be $124800. Hence, Option C is correct.
Depreciation is the practise of deducting the cost of a company asset over a number of years as opposed to just one. Depreciation can be calculated using one of four primary methods: a straight line, a twofold decreasing curve, a sum of the years' digits, or a unit of production.
The book value of fixed assets is reduced as a result of depreciation. Depreciation is the term used to describe how assets lose value over time as they become outdated. Until an asset's life is over, depreciation will continue to occur.
For $520,000, a corporation bought factory equipment. At the end of its anticipated 5-year useful life, the equipment will have a salvage value of $74,000.
(520,000 - 0) × .40 = 208,000
(700,000 - 208,000) × .40 = 124800
Therefore, Option C is correct.
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For the classical dichotomy, which of the following is NOT influenced by changes in the quantity of money ____? A. Nominal GDP B. Unemployment.
The correct option is (B): - For the classical dichotomy, Unemployment is NOT influenced by changes in the quantity of money.
Unemployment is a situation in which people who are actively seeking work are unable to find jobs. When the unemployment rate is high, it can have a significant negative impact on an economy. It can lead to reduced consumer spending, reduced investment, and slower economic growth.
High unemployment can also lead to increased poverty, increased inequality, and social unrest. Governments often intervene to help reduce unemployment and stimulate economic growth, such as providing financial assistance to unemployed workers, increasing public investment, and providing tax incentives to companies to encourage them to hire more workers.
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Under the customer-oriented perspective of the HRM function, line managers and strategic planners are considered to be ______.
Under the customer-oriented perspective of the HRM function, line managers and strategic planners are considered to be customers.
Job design and job analysis, recruitment, hiring, and selection, training and development, remuneration and benefits, performance management, managerial relations, and labour relations are a few of the core duties of HRM function. The goals of human resource management are to find qualified candidates, hire them, train them, and then assist them in enhancing their performance so they can realise their full potential and contribute to the organization's objectives. The HR department's primary duty is recruitment. While HR is involved in many other areas, including data administration, statutory compliance, employee engagement, and employee development, one of their main areas of focus is finding, selecting, and onboarding qualified employees for the company.
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The equity method of accounting for investments in voting common stock is most appropriate when: The investor's accountant is clever enough to apply the equity method. Only these times when the investor owns 10 to 49% of the voting stock. The investor intends to hold the common Stock indefinitely. The investor can significantly influence the investee. What situation requires one company to produce a consolidated financial statement with its investee? On January 1, 2014, Piedmont Inc. spent $200,000 to acquire 40% of the voting common stock of Taylor Company as a long-term investment. The data from Taylor's financial statements for the year ended December 31, 2014, include the following: Net income $150,000 Dividends paid $75,000 What should be the long term investment account balance for Piedmont at December 31, 2014? Show your calculations. Could the company's declaration of intent of their investments as "available for sale" rather than as "trading securities" possibly be used to manipulate reported income? Why or why not? What does an "other than temporary" (aka OTT) loss mean and what is an example of such event? Why would GAAP allow certain investments to be "written up" to their fair market value when, for virtually all other assets(inventory, property, intangibles), no "Write up" in value is allowed? In which financial statement, and in which section of that financial statement does "Accumulated Other Comprehensive Income" get disclosed?
Answer:yes it did
Explanation: the former calculations would be equaled to -35 so 45 celcuse north would be yes so its not negative.
the yyy -component of the electric field of an electromagnetic wave traveling in the x x x direction through vacuum obeys the equation ey
The y-element of the electrical area of an electromagnetic wave visiting in the +x-path thru vacuum obeys the equation Ey=(375N/C)cos[kx−(2.20×1014rad/s)t] E y = ( 375 N/C ) cos [ k x − ( 2.20 × 10 14 rad/s)t ] .
The required details for Electromagnetic radiation (EMR) in given paragraph
Electromagnetic radiation (EMR) is composed of waves of the electromagnetic (EM) area, which propagate thru space and carry momentum and electromagnetic radiant power. All of those waves shape a part of the electromagnetic spectrum. Classically, electromagnetic radiation is composed of electromagnetic waves, which might be synchronized oscillations of electric and magnetic fields. Depending at the frequency of oscillation, distinctive wavelengths of electromagnetic spectrum are produced. In a vacuum, electromagnetic waves journey at the velocity of light, typically denoted c.
In homogeneous, isotropic media, the oscillations of the 2 fields are perpendicular to every different and perpendicular to the path of power and wave propagation, forming a transverse wave.
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Suppose Bill Gates deposits $20 million into his checking account at Wells Fargo Bank. If the required reserve ratio is 10 percent, what is the maximum change in money supply?
A)
-$200 million
B)
-$180 million
C)
$2 million
D)
$180 million
E)
$200 million
The money supply can only fluctuate by a maximum of $200 million in this situation.
The term "money multiplier" describes the phenomena of credit creation brought about by the fractional reserve banking system, which requires banks to retain a predetermined amount of deposits in reserves to be able to meet any prospective withdrawal demand.
In other words, it means that a bank must hold a portion of all deposits as reserves while having the option to lend out the remainder to expand the amount of money in the economy.
Money Multiplier is equal to 1 / Required Reserve Ratio,
or 100/10,
Money Multiplier = 10
The total Money Supply is equal to Money Multiplier x Total Deposits.
Money Supply: 10 times $20 = $200 million
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bacon, andrea 4 m 44 $12.00 cole, andrew 1 s 40 12.00 hicks, melvin 3 m 43 10.50 leung, cara 1 s 37 11.00 melling, melissa 2 m 40 13.00
Payroll refers to the total amount that is required to be taken into account.
What is the Payroll?A payroll is a list of the employees of a company who are eligible for payments and other work perks, as well as the amounts which each person is supposed to receive.
Payroll is the method of paying employees of a business, which includes keeping track of hours worked, figuring out salaries, and sending checks or direct deposits to employees' bank accounts.
The process for paying employees' salaries is known as payroll. The first step is to create a list of something like the employees who must be paid, and the last step is to keep track of the costs. Payroll, HR, as well as finance teams, must all work together to complete the challenging process.
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Full Question-
Mary’s Luxury Travel uses a weekly federal income tax withholding table. Refer to Figures 8-4 in the text. The payroll data for each employee for the week ended March 22, 20—, are given. Employees are paid 1½ times the regular rate for working over 40 hours a week.
Name No. of
Allowances Marital
Status Total Hours
Worked Mar. 16–22
Rate Total Earnings
Jan. 1–Mar. 15
Bacon, Andrea 4 M 44 $12.00 $5,600.00
Cole, Andrew 1 S 40 12.00 5,780.00
Hicks, Melvin 3 M 43 10.50 4,820.00
Leung, Cara 1 S 37 11.00 5,113.00
Melling, Melissa 2 M 40 13.00 4,716.00
a process focused on the identification and location of porential evidence related to a specefic legal action after it was collce
A process focused on the identification and location of potential evidence related to a specific legal action after it was collected through is called discovery.
Discovery- Something that has been found or learned about for the first time is referred to as a discovery. The act of discovering is another definition of discovery. Discoveries are when something is found or something is learned that was previously unknown or invisible.
A discovery is the first time someone recognizes something that already existing and that no one has ever found before, such as when Christopher Columbus discovered the Americas.
Before the trial even starts, the parties might learn what evidence might be used through discovery. It is intended to prevent "trial by ambush," in which one side learns of the other's testimony or evidence only during the trial, leaving no opportunity for the other side to provide rebuttal evidence.
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Which outcome will result from Accenture teams successfully adopting agile ways of working?
The outcome that will result from Accenture teams successfully adopting agile ways of working is option D: increase in morale and employee engagement among team members
What s the Accenture teams about?Agile is a flexible, iterative approach to project management that is designed to deliver value to the customer more quickly and efficiently. It emphasizes collaboration, flexibility, and continuous learning and improvement.
Therefore, By working in shorter, more focused sprints and continuously seeking feedback from stakeholders, teams can be more responsive to changing needs and priorities, which can lead to higher levels of engagement and satisfaction among team members.
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See full question below
Which outcome will result from Accenture teams successfully adopting Agile ways of working?
O decline in product quality as a result of working in shorter sprints
O increase in time to market as products are not released until they include all features
O stricter boundaries between development and testing team responsibilities
O increase in morale and employee engagement among team members
O l don't know this yet.
the great recession hit texas particularly hard, with texas being one of the first states to enter and one of the last to exit. T/F
This statement is False. The Great Recession hit the United States hard, but Texas fared better than many other states. The state experienced a milder recession and was one of the first to start recovering.
In the period leading up to the recession, the Texas economy saw strong growth and job creation, driven by the energy sector and a booming housing market. This meant that when the recession hit, the state's economy was in a relatively healthy position.
The housing market in Texas also fared better than the national average. The market in Texas was not as overbuilt as other states, and there was not as much speculation. As a result, the housing market in Texas was less affected by the recession.
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Which of the following taxpayers are not required to make estimated payments?
Option c, An employee with appropriate withholding and no other income who works at a local department store.
Estimated tax payments must be made by whom?If an individual expects to owe $1,000 or more when their return is filed, including sole proprietors, partners, and S corporation owners, they are typically obliged to make anticipated tax payments.
What are the expected tax payments in detail?A quarterly tax payment known as "estimated tax" is made based on the filer's declared income for the quarter. Small business owners, freelancers, and independent contractors make up the majority of people who must pay quarterly taxes. Unlike regular employees, they do not have taxes immediately taken out of their paychecks.
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The correct question is:
Which of the following taxpayers are not required to make estimated payments?
a. A car mechanic who is self-employed and earns $50,000 a year.
b. A wealthy individual whose earnings are from corporate dividends.
c. An employee who works at a local department store with appropriate withholding and no other income.
d. All of the above must make estimated payments.
refer to the above cost chart. if the market price is $6, what output level will the firm produce? a. 10 b. 12 c. 14 d. 20
Answer:
wheres the chart??
Explanation:
Two city councilors are debating whether to pursue a new project. Councilor Miles says it is " worth it " to society only if suppliers lower their costs to the city for input to the project.
Answer: Councilor Squeaky disagrees, and says it doesn't matter -- society is no better off with these cost concessions than it would be without the concessions.
Explanation:
If the costs of increasing efficiency are not correlated with revenue, then councilor Squeaky is right.
both the united states and india make corn and rice. the united states can make 50 bags of rice or 150 bags of corn in any given day, while india can make 100 bags of rice or 200 bags of corn in a given day. according to the law of comparative advantage, which of the following are true?
a. The U.S. should specialize in producing rice and trade that rice to India, who is specializing in producing com. b. India has the comparative advantage in both goods, and so no gains from trade can occur. c. The United States has the absolute advantage in both goods, and so no gains from trade can occur. d. The U.S. should specialize in producing corn and trade that corn to India, who is specializing in producing rice
The United States should focus on growing rice and trade its rice to India, which specializes in growing maize.
Describe trading and an example.The act of exchanging goods or services between people, companies, or countries is referred to as trade. The discussions for a new international commerce deal were directly under the ministry's jurisdiction in every facet of foreign commerce. Texas and Mexico have long-standing commercial ties.
What exactly does trade in business mean?The term "commerce" or "business" refers to any activity carried out with the intention of making a profit first from sale of merchandise or the rendering of services. It is not restricted to integrative aggregates of assets, operations, and goodwill that constitute businesses for the purposes of other Internal Revenue Code sections.
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66) A bank that helps a company finance transactions is both a financial intermediary and a financial public.
True or false
A bank that assists a firm with financing transactions is both a financial intermediary and a financial public, as stated in the aforementioned paragraph.
What defines a marketing intermediary's defining traits?Marketing intermediates that connect buyers and sellers, aid in the negotiation of an exchange, but do not take title to the items - earn commissions or fees based on a percentage of the sales income.Both a financial intermediary and a financial public, a bank that assists a business with financing transactions. In a company's microenvironment, its rivals are the most significant players.Marketing middlemen aid the business in distributing, selling, and promoting its goods to end consumers. Resellers, companies that specialize in physical distribution, marketing services companies, and financial intermediaries are some of them.A bank that assists a firm with financing transactions is both a financial intermediary and a financial public, as stated in the aforementioned paragraph.To learn more about Financing transactions refer to:
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The socially efficient quantity is found where the demand curve intersects the marginal cost curve.a. Trueb. False
Wherever the marginal cost curve and demand curve connect, it is the quantity that is socially efficient.
Where the marginal cost curve and demand curve connect is where the socially efficient quantity can be discovered. Because a monopoly produces less than what is socially efficient, it causes a deadweight loss to society. Demand curves for goods that lack close replacements slope downward.
There are no fixed expenses, hence marginal cost equals average cost, as indicated by the label MC=AC on the marginal cost curve. The intersection of the demand curve and the marginal cost curve is where the competitive price (P subscript c) and quantity (Q subscript c) are discovered. This intersection is identified by the letter x.
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hich guideline should be followed to ensure that you are including the information that is necessary for your message?
When composing any message, it is important to follow the "Five C's" of communication:
1. Clarity: Ensure that your message is written clearly and concisely so that your intended audience can easily understand it.
2. Conciseness: Avoid unnecessary words and phrases. Keep your message brief and to the point.
3. Completeness: Include all relevant information that the recipient needs to understand the message.
4. Consideration: Tailor your message for the specific audience. Always consider how your message will be received by the recipient.
5. Courtesy: Use polite language and be respectful.
By following the Five C's of communication, you can ensure that your message conveys all of the necessary information while being clear, concise, and courteous.
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the most common cross-channel shopping and buying path is to browse one or more websites and then multiple choice purchase the item at a retail store. click on the shopping cart icon to purchase the product or service. negotiate among competitors for the lowest price. find the item on an auction site such as ebay. contact the manufacturer directly.
The most common cross-channel shopping and buying path starts with researching and browsing for products or services online, either directly on a retailer’s website or through other third-party channels such as comparison shopping sites, reviews sites, and social media.
Once a customer has identified the product or service they wish to purchase, they can then place their order directly on the retailer’s website by clicking on the shopping cart icon. If they prefer, they can also negotiate with competitors to find the lowest price. Alternatively, they can find the item on auction sites such as eBay, or contact the manufacturer directly to purchase the item. Once they have decided to purchase the item, they can either complete the transaction online or visit a retail store to make the purchase.
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General Electric Co. (GE) is expected to pay a $5.00 dividend at the end of this year. If you expect GE's dividend to grow by 3% per year forever and GE's equity cost of capital to be 11%, then the value of a share of GE stock is closest to $42.86 $27.19 $35.74 $62.50
The value of a share of GE stock is closest to $62.5.
What is the Valuation of Shares?
Share valuation is the process of knowing the value of a company's stock. Equity valuations are based on quantitative techniques, and stock values fluctuate based on market supply and demand. It is easy to know the stock price of a listed company.
Calculations:
Given:
Dividend (D1) = $5
Growth Rate (g) = 3% = 0.03
Capital Cost (Ke) = 11% = 0.11
Solution:
[tex]Value of Share = \frac{D1}{Ke-g}[/tex]
Value of Share = 5/(0.11-0.03) = $62.5.
Therefore, the value of a share of GE stock is closest to $62.5.
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contractionary monetary policy by the fed will decrease domestic consumption, increase the value of the dollar, decrease us exports and shift the ad curve to the left
A type of monetary policy known as a contractionary monetary policy aims to slow down the rate of monetary expansion in order to combat inflation. The main sign of an overheated economy
, which can be brought on by prolonged periods of economic development, is a spike in inflation. To avoid excessive speculating and unsustainable capital investment, the policy restricts the amount of money available in the economy. A central bank or other such regulatory body often implements a contractionary monetary policy. In most cases, the central bank sets an inflation objective and uses contractionary monetary policy to achieve it.
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Firms in a monopolistically competitive market structure maximize their profit by producing an output where a.Price equals average total cost, b. Marginal cost equals average total cost c. Marginal cost equals price d. Marginal revenue equals e. marginal cost
For a monopolistically competitive firm, at the profit-maximizing quantity of output, price exceeds marginal cost. Correct option (a)
Monopolistic competition is a sort of market structure in which several businesses are present in a given sector and make comparable but distinctive goods. There is no monopoly enjoyed by any of the businesses, and each one pursues its own interests without regard to those of the others.
An illustration of a monopolistically competitive market is the restaurant sector, which is present nationally. Most places have a large number of businesses, all of which are unique, and admission is simple. Each product includes a number of comparable alternatives that are offered by other businesses, including other eateries and fast-food joints.
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Full Question: For a monopolistically competitive firm, at the profit-maximizing quantity of output,
A. price exceeds marginal cost.
B. marginal revenue exceeds marginal cost.
C. marginal cost exceeds average revenue.
D. price equals marginal revenue
clara barnett, a fixed income analyst, wishes to assign a value to an illiquid bond issued by celadon ceramics. the semiannual coupon bond has a coupon rate of 7.50% and exactly 3 years until maturity. barnett has identified two comparable bonds with recent transaction data: comparable bond maturity yield to maturity a 2 years 6.87% b 5 years 7.19% using matrix pricing, the value of the celadon bond per 100 of par value is closest to: group of answer choices 99.57. 101.39. 101.15.
The maturity date for the semiannual coupon bond is 3 years, and the coupon rate is 7.50%. Two analogous bonds have been found by Barnett.
How do two bonds compare?The "yield to maturity" must be calculated in order to compare various fixed-income securities. This combines the bond's purchase price and coupon rate, reflecting the investor's actual underlying interest rate of return.
Which two bond types are most prevalent?Series EE Savings Bonds and I-bonds are two of the most popular varieties of US savings bonds. According to the Financial Industry Regulatory Authority, I-bonds are a popular safe investment product since they have "essentially no credit and default risk."
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which of the following are typical types of mutual funds? multiple select question. open exchange exchange-traded open-end closed-end closed-traded
The typical types of mutual funds are mentioned below:
What are mutual funds?
Mutual funds are investment vehicles that pool together money from multiple investors and use it to buy a diversified portfolio of stocks, bonds, or other securities. Mutual funds are managed by professional fund managers who are responsible for selecting the securities in the fund and managing the portfolio.
Open-end mutual funds: Open-end mutual funds are the most common type of mutual fund. They are continuously open to new investors and do not have a fixed number of shares. Investors can buy and sell shares in an open-end mutual fund at any time, and the fund is required to buy back shares from investors when they want to sell them.Closed-end mutual funds: Closed-end mutual funds are similar to open-end mutual funds, but they have a fixed number of shares that are not continuously offered for sale. Investors can only buy shares in a closed-end mutual fund when they are initially issued, and they can only sell their shares on the secondary market.Exchange-traded funds (ETFs): ETFs are a type of mutual fund that is traded on an exchange, like a stock. They are similar to open-end mutual funds, but they are not required to buy back shares from investors when they want to sell them. Instead, investors can buy and sell shares in an ETF on the open market, like a stock.Index funds: Index funds: are a type of mutual fund that tracks the performance of a specific market index, such as the S&P 500.Hence, the types of mutual funds are open-end, closed-end, exchange-traded and index funds.
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Analyzing each action of a firm on a case-by-case basis to determine if it is in violation of the antitrust laws is generally called judgment by:
A) structure.
B) comparison.
C) case-by-case.
D) performance.
Analyzing of each action of a firm on a case-by-case basis to determine if it is in violation of the antitrust laws is generally called judgment by performance.
What is judgment by performance?A performance judgment tells about competitiveness of the markets evaluated by the conduct of companies in this industry. Under this, the evaluation by the assessing team focuses on how the firms behave in the market suppose the firm has insufficient production, unworthy products, less production, and a lack of competition.
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All of the following could immediately or eventually lead to an outward shift of a nation's production possibilities curve, except:
A. immigration of skilled workers from other nations to our country.
B. an increase in the birth rate.
C. an increase in the average skill level of all occupational groups.
D. depletion/reduction of the availability of major energy resources.
Correct answer D: depletion/reduction of the availability of major strength resources.
What do you mean by depletion of electricity resources?Energy depletion is the ratio of the price of the inventory of energy sources to the ultimate reserve lifetime (capped at 25 years). It covers coal, crude oil, and herbal gas. Mineral depletion is the ratio of the cost of the stock of mineral assets to the remaining reserve lifetime (capped at 25 years).
What is the essential cause of depletion of resources?Over consumption and waste. This is the immoderate and needless use of resources. Deforestation and the Destruction of Ecosystems main to loss of biodiversity. Mining of Minerals and Oil.
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https://brainly.com/question/13824884#SPJ4Lewis Company's standard labor cost of producing one unit of Product DD is 3.0 hours at the rate of $10.0 per hour.During August, 40,000 hours of labor are incurred at a cost of $10.10 per hour to produce 13,200 units of Product DD. Compute the total labor variance. Total labor variance Compute the labor price and quantity variances Labor price variance s Labor quantity variance s Compute the labor price and quantity variances, assuming the standard is 3.2 hours of direct labor at $10.20 per hour. Labor price variances Labor quantity variance s Click if you would like to Show Work for this question: Open Show Work
The labor price and quantity variance is $4,220 favorable and $4,445 favorable respectively.The labor price and quantity variance is $10,550 unfavorable and $ 47,915 unfavorable respective
The computation of the total labor variance is shown below:
= (Actual hours × Actual rate) - (Standard hours × standard rate)
= (42,200 hours × $12.80 per hour) - (13,500 units × 3.1 hours × $12.7 per hour)
= $540,160 - $531,495
= $8,665 favorable
The computation of the labor price variance is shown below
= Actual Hours × (Actual rate - standard rate)
= 42,200 × ($12.80 per hour - $12.7 per hour)
= 42,200 × $0.1 per hour
= $4,220 favorable
The computation of the labor quantity variance is shown below:
= Standard Rate × (Actual hours - Standard hours)
= $12.70 per hour × (42,200 hours - 41,850 hours)
= $12.70 per hour × 350 hours
= $4,445 favorable
The computation of the labor price variance is shown below:
= Actual Hours × (Actual rate - standard rate)
= 42,200 × ($12.7 per hour - $12.95 per hour)
= 42,200 × - $0.25 per hour
= $10,550 unfavorable
The computation of the labor quantity variance is shown below:
= Standard Rate × (Actual hours - Standard hours)
= $12.95 per hour × (42,200 hours - 45,900 hours)
= $12.95 per hour × - 3,700 hours
= $ 47,915 unfavorable
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