which of the following best describes how the real balance effect works? a. the price level rises, purchasing power rises, a person's monetary wealth decreases, and the person buys more goods and services. b. the price level falls, purchasing power rises, a person's monetary wealth rises, and the person buys fewer goods and services. c. the price level rises, purchasing power falls, a person's monetary wealth falls, and the person buys fewer goods and services. d. the price level falls, purchasing power rises, a person's monetary wealth falls, and the person buys fewer goods and services.
Answers
Option B is the correct answer. The price level falls, purchasing power rises, a person's monetary wealth rises, and the person buys fewer goods and services.
The real balance effect refers to the impact of changes in the price level on the purchasing power of a fixed nominal monetary balance, such as the value of cash or savings. Based on this, option B best describes how the real balance effect works.
As the price level falls, the purchasing power of the fixed nominal monetary balance rises, making the person feel richer in real terms. This increase in real wealth encourages the person to buy more goods and services, resulting in an increase in overall spending. Therefore, option B is the correct answer.
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Related Questions
What degree is needed to be an accountant?
I really, really, really need the answer
Answers
Answer:
bachelor's degree
Explanation:
Although not required, most accountants attend college and earn a bachelor's degree. However, a bachelor's degree in accounting or a related field is considered the minimum education requirement for those who plan to become a CPA.
6. Mr. A invested in 3 years bond and bond face value is $1,000. 00 and yearly coupon rate is 5% and number of coupon per year is 1 and yield to maturity of the bond is 9%. Calculate the modified duration bond
Answers
Answer:
The modified duration of the bond is 2.72.
Explanation:
Modified duration is a measure of a bond's sensitivity to changes in interest rates. It takes into account the time to maturity, coupon rate, yield to maturity, and the periodicity of the coupon payments. To calculate the modified duration of the bond in this scenario, we can use the following formula:
Modified Duration = Macaulay Duration / (1 + Yield to Maturity / Number of Coupon Payments per Year)
The Macaulay Duration of the bond can be calculated as follows:
Macaulay Duration = [(1 x 1,000) / (1 + 0.09)^1] + [(2 x 1,000 x 0.05) / (1 + 0.09)^2] + [(3 x 1,000 x 0.05) / (1 + 0.09)^3] / [(1,000 x 0.05) / 1 + (1,000 x 0.05) / (1 + 0.09) + (1,000 x 0.05) / (1 + 0.09)^2 + (1,000 / (1 + 0.09)^3)]
After solving for the Macaulay Duration, we can plug it into the Modified Duration formula along with the yield to maturity and the number of coupon payments per year. In this case, the calculation yields a modified duration of 2.72.
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Select the correct answer. Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, the truck had an estimated market value of $25,000. Under which accounting head did Joshua's business record the difference of $5,000?
Answers
Answer:
The answer is "market value account".
Explanation:
It is also known as market cap, which is used to determined by increasing the existing market price of the company's excellent stock. Its approximate value of the object was its selling value, based mostly on volume in cost by a buyer to the seller by Keeping track of the online accounting and finance app of your asset value and depreciation.
In determining the appropriate valuation based on open market standards a variety several factors are taken into account. One of the principal factors for the market price is because it provides a practical tool for eliminating uncertainty and insecurity and decide how a share price.Answer: The answer is not D.
Explanation:
Which of these would be most likely to be included in CPI
Answers
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
On March 2, 2021, Finch City issued ten-year general obligation bonds at face value, with interest payable on March 1 and September 1. The proceeds were to be used to finance the construction of a civic center over the period April 1, 2021, to March 31, 2022. During the fiscal year ended June 30, 2021, no resources had been provided to the debt service fund for the payment of principal and interest. On June 30, 2021, Finch’s debt service fund should include interest payable on the general obligation bonds for __________.
Answers
Answer:
zero ( 0 ) months
Explanation:
Finch's debt service funs should include interest payable on the general obligation Bonds for zero ( 0 ) months
Given that the general obligation bond was issued on March 2 2021 the interest payable on March 1 2021 will not be Included on June 30 2021 Finch's debt service fund. since that date marks the end of the fiscal year ( 2021 ) and the bond was issued beyond that date and no resource have been provided as well.
state the law of demand
Answers
Answer:
In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. .
Explanation:
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which of the following statements is true? group of answer choices if average product equals marginal product, average product decreases. if marginal product equals average product, average product is a maximum. if marginal product equals average product, marginal product is a maximum. if marginal product exceeds average product, marginal product increases.
Answers
The correct Option B: If marginal product equals average product, average product is maximum.
The average product curve's peak is located where the marginal product and average product curves connect. The average does not change if the marginal worker's productivity is equal to the average productivity of the existing workforce.
Average product is the amount of output generated per unit of a production factor while holding other production variables constant.
A factor of production is more productive the higher the average product is, and vice versa. The difference between average product and average revenue product is that the latter measures the revenue generated by each production element while holding all other variables constant.
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The statement "If marginal product equals average product, average product is a maximum" is true.
In economics, the relationship between average product (AP) and marginal product (MP) is important to understand the productivity of inputs, such as labor.
Average product (AP) is calculated by dividing the total product (TP) by the quantity of the input (e.g., labor) used to produce that output. Mathematically, AP = TP / Quantity of input.
Marginal product (MP) represents the additional output produced when one additional unit of input is added while holding other inputs constant. It is calculated as the derivative of the total product with respect to the quantity of input used.
When marginal product equals average product (MP = AP), the average product is maximized. This occurs when the marginal product reaches its peak and starts to decline. In other words, when each additional unit of input adds the same amount of output as the average, the average product is at its highest point.
It is important to note that if marginal product exceeds average product (MP > AP), the average product increases. This indicates that each additional unit of input contributes more output than the average, resulting in an increase in the average product.
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Brianna focuses on her duty to family and work and bases her actions on the expectations of various groups in her life. At which stage of individual ethics is Brianna?a. Postconventional b. Code of conduct c. Conventional d. Preconventional
Answers
Brianna is at the Postconventional stage of individual ethics if she based her behavior on the demands of her family and job while concentrating on her ethical obligations to both.
According to Kohlberg's paradigm, the ultimate level of morality is when a person has created their own set of values that guide their behavior. This is known as nonconventional morality. Most of the time, people's ethics and morality align with social customs, regulations, and norms, yet Postconventional there can be contradictions between what society considers to be right and wrong. When these conflicts arise, the person should follow their own moral principles, according to postconventional morality.
Before the Civil War, the Northern states provided a good illustration of conventional morality. Even though Northerners did not own slaves, they were nonetheless required to give in any slaves they were aware of in order for the slave to be restored to his or her Southern master.
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Modify Acron’s model so that development lasts for an
extra year. Specifically, assume that development costs
of $7.2 million and $2.1 million are incurred at the
beginnings of years 1 and 2, and then the sales in the
current model occur one year later, that is, from year
2 until year 21. Again, calculate the NPV discounted
back to the beginning of year 1, and perform the same
sensitivity analyses. Comment on the effects of this
change in timing.
Answers
Based on the sensitivity analysis, it is observed that a 1% change in the discount rate would result in a change of $484,298.23 in the NPV. This implies that the profitability of the project is sensitive to changes in the discount rate. Modifying Acron’s model so that development lasts for an extra year would cause a decline in the NPV of the project.
Acron's model refers to a project evaluation model that is used to identify the Net Present Value (NPV) of a project or investment. Modifying Acron’s model so that development lasts for an extra year will require the use of the formula below: PV = CF1/(1 + r)1 + CF2/(1 + r)2 + ... + CFT/(1 + r)T Where: PV = Present value of future cash flows CFt = Cash flow in period tr = Discount rate, reflecting the time value of money T = Number of time periods Modify Acron's model so that development lasts for an extra year: If the development stage lasts for an extra year, then the costs of $7.2 million and $2.1 million will be incurred at the beginnings of years 1, 2, and 3.
The sales of the product will occur from year 3 to year 22. In this situation, the cash flows would be: Year 0 cash flow = -$7.2 million Year 1 cash flow = -$2.1 million Year 2 cash flow = $0 Year 3 - 21 cash flows = $4.3 million/year Year 22 cash flow = $10 million Based on the formula above, the NPV of the project can be calculated as follows: NPV = -$7.2 million/(1 + 0.12)1 - $2.1 million/(1 + 0.12)2 + ($4.3 million/0.12)[1 - (1 + 0.12)-19] + $10 million/(1 + 0.12)22NPV = -$6,214,913.11. Based on the sensitivity analysis, it is observed that a 1% change in the discount rate would result in a change of $484,298.23 in the NPV. This implies that the profitability of the project is sensitive to changes in the discount rate.
In conclusion, modifying Acron’s model so that development lasts for an extra year would cause a decline in the NPV of the project. The change in the timing of the project has resulted in a decrease in the present value of the cash flows, which has led to a decrease in the profitability of the project.
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What is one reason that the importance of interpersonal relations in business is increasing?
Answers
One reason that the importance of interpersonal relations in business is increasing is due to the increasing importance of teamwork and collaboration.
The term "interpersonal relationship" refers to a close connection that exists between people who are employed at the same company. It is important for employees who work together to have a special connection in order for them to perform to the best of their abilities. In many modern businesses, success is dependent on the ability of teams to work effectively together. This requires strong interpersonal relations between team members, as it allows for better communication, problem-solving, and decision-making.
Additionally, strong interpersonal relations can also lead to increased job satisfaction and employee retention, which are important for the overall success of a business. Therefore, the ability to build and maintain strong interpersonal relations is becoming increasingly important in the business world.
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According to the U.S. Census Bureau, in 1950, 39.3 million families had a child under 18 at home. Suppose a recent study found that number had decreased by 9.3%. How many million families had a child under 18 at home according to this study? Round the number of millions to the nearest tenth.
Answers
Answer: 35.7 million
Explanation:
Number of families that have a child of under 18 at home = 39,300,000
Percentage decrease = 9.3% = 0.093
The number of families that had a child under 18 at home according to this study will be:
= 39.3 million - (39.3 million × 0.093)
= 39.3 million - 3.6549 million
= 35.6451 million
= 35.7 million
ax Weber believed that bureaucracy prevents a firm from achieving a competitive advantage because it is inefficient and is plagued with management problems. Group startsTrue or False
Answers
The given statement that ax Weber believed that bureaucracy prevents a firm from achieving a competitive advantage because it is inefficient and is plagued with management problems is true.
Bureaucracy Bureaucracy is a type of organizational structure that is characterized by fixed and formal rules and procedures, hierarchical authority, and specialized roles for employees. It is a method of organization in which people, machines, and materials are coordinated to accomplish a specific objective efficiently. Max Weber, a German sociologist, developed the concept of bureaucracy in the early twentieth century.
He argued that bureaucracy is the most efficient and rational way to organize human activity. However, Weber also acknowledged that bureaucracy has several disadvantages that can prevent an organization from achieving a competitive advantage.
InefficiencyWeber claimed that bureaucracy is inefficient because it is rule-bound and lacks flexibility. Employees must adhere to strict procedures, which can cause delays and inefficiencies. Bureaucratic structures can also stifle creativity and innovation because they are resistant to change.
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Quote cite and explain from a trustworthy source a summary of the Republican Party's primary
election in 2016. Please identify and explain anything outstanding. Was there anything controversial
with their process?
Answers
= Closed Primaries. In general, a voter seeking to vote in a closed primary must first be a registered party member.
On December 31, 2021, Ibrahim received his bank statement with a balance of SAR 30,000; the cash general ledger account on that date shows a balance of SAR 50,000. Ibrahim's accountant showed the following: - The bank returned a customer's NSF check for SAR 24,500 received as payment on account receivable. - The bank statement showed SAR 500 interest earned during December. - Outstanding checks totaled SAR 5,000 - SAR 1,000 check mailed to the bank for deposit had not reached the bank at the statement date.
Answers
After reconciling, the adjusted cash general ledger account balance is SAR 48,000.
To reconcile the bank statement balance with the cash general ledger account balance, we need to adjust for the items mentioned. Let's go through each item;
The bank returned a customer's NSF check for SAR 24,500 will received as payment on account receivable.
Deduct SAR 24,500 from the bank statement balance.
Bank statement balance: SAR 30,000 - SAR 24,500 = SAR 5,500
The bank statement showed SAR 500 interest will earned during December.
Add SAR 500 to the bank statement balance.
Bank statement balance: SAR 5,500 + SAR 500 = SAR 6,000
Outstanding checks totaled SAR 5,000.
Deduct SAR 5,000 from the bank statement balance.
Bank statement balance: SAR 6,000 - SAR 5,000 = SAR 1,000
SAR 1,000 check mailed to the bank for deposit had not reached the bank at the statement date.
Add SAR 1,000 to the bank statement balance.
Bank statement balance: SAR 1,000 + SAR 1,000 = SAR 2,000
After considering all the adjustments, the reconciled bank statement balance is SAR 2,000. Now, let's compare this balance with the cash general ledger account balance.
The cash general ledger account balance is SAR 50,000.
To reconcile the two balances, we need to make the following adjusting entry:
Cash general ledger account balance: SAR 50,000 - SAR 2,000 = SAR 48,000
Therefore, after reconciling, the adjusted cash general ledger account balance is SAR 48,000.
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please help me!!! I literally have no clue what it is
Answers
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
which of the following is also known as profit and loss statement?
net worth ledger
liability statement
income statements
transaction ledger
Answers
A financial statement that outline the revenues and costs during a period of time.
Another name for the profit and loss statement is the income statement.
The income statement is a financial statement that is used to record a firm's income and expenses in a given year. It contains information on the total profit or loss of a firm.
A balance sheet is a financial statement that contains information on a reports company's assets, liabilities and shareholders' equity at a point in time.
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List the basic elements of business plan
Answers
Answer:
Company Description
Market Analysis
Competitive Analysis
Marketing Plan
Sales Strategy
Explanation:
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Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O*NET, what are common tasks performed by Graphic Designers? Check all that apply.
conferring with clients
creating designs, concepts, and sample layouts
scheduling projects for clients
hiring and training new team members
determining size and arrangement of illustrative material and copy
developing graphics and layouts
Answers
Answer:
creating designs, concepts, and sample layouts
scheduling projects for clients
determining size and arrangement of illustrative material and copy
developing graphics and layouts
Answer:1,2,5,6.
Explanation:
Assume an economy moves from autarky to free international trade. in the export sector, consumer surplus _____, producer surplus _____, and the economy as a whole _____.
Answers
Assume an economy moves from autarky to free international trade. in the export sector, consumer surplus falls producer surplus rises, and the economy as a whole gains.
The shape or situations of economic existence in a rustic, region, or duration additionally: a financial system. 2a: thrifty and efficient use of material assets: frugality in prices also: an instance or a means of economizing: saving.
The economic system is described as the control of economic subjects for a network, commercial enterprise, or own family. An example of the economy is the stock market device within the united states of America. cheap to run; the use of minimal assets; representing appropriate fee for the money.
Financial troubles influence our day-by-day lives. This includes problems which include tax and inflation, interest rates and wealth, inequality and emerging markets, and electricity and the surroundings.,
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On a statement of cash flows for a manufacturer of digital thermometers, the cash flows from operating activities would include
Answers
Answer:
Increase in manufacturers inventory .
Explanation:
As we know that if there is any change in the current assets and current liabilities so the same should be shown in the operating activities section of the cash flow statement
So if there is manufacture of digital thermometers so that means there is an increase in manufacture of inventory and the same should be represented in the operating activities section
A gas is confined to a cylindrical container of radius 1 cm and length 1 m. The pressure exerted on an end face, compared with the pressure exerted on the long curved face, is smaller because most molecules cannot traverse the length of the cylinder without undergoing collisions. None of the choices are correct. larger because the molecules have a greater distance in which to accelerate before they strike the face. larger because the face is flat. smaller because its area is smaller.
Answers
The pressure exerted on an end face compared to the pressure exerted on the long curved face of a confined gas in a cylindrical container is larger because the molecules have a greater distance in which to accelerate before they strike the face.
The correct answer is (D) larger because the molecules have a greater distance in which to accelerate before they strike the face. In a confined gas, the pressure exerted on a surface is determined by the force per unit area due to molecular collisions. The pressure is directly related to the kinetic energy and velocity of the gas molecules. In the case of the end face of the cylindrical container, the molecules have a shorter distance to travel before colliding with the surface, resulting in less time for acceleration and lower velocity. On the other hand, the molecules that collide with the long curved face have a greater distance to accelerate, allowing them to reach higher velocities before striking the surface. Consequently, the pressure exerted on the long curved face is larger compared to the pressure exerted on the end face.
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complete question: Agas is confined to a cylindrical container of radius 1 cm and length 1 m. The pressure exerted on an end face, compared with the pressure exerted on the long curved face, is:
A. smaller because its area is smaller
B. smaller because most molecules cannot traverse the length of the cylinder without undergoing collisions
C. larger because the face is flat
D. larger because the molecules have a greater distance in which to accelerate before they strike the face
E. none of these
small business start-ups are likely to find that getting commercial loans are:
Answers
Small business start-ups may find it challenging to obtain commercial loans due to their limited business history, lack of collateral, and higher risk of default.
Commercial loans are financial products offered by banks and other lending institutions to provide funding for businesses. Small business start-ups are often at a disadvantage when it comes to obtaining commercial loans because they lack an established business history and track record of financial stability. Additionally, lenders may require collateral such as property or equipment to secure the loan, which can be difficult for small businesses to provide. Start-ups are also viewed as riskier borrowers, which can result in higher interest rates and stricter repayment terms. However, small business start-ups can improve their chances of securing a commercial loan by developing a strong business plan, building a positive credit history, and seeking out lenders that specialize in working with start-ups. It's important to do thorough research and compare loan options to find the best fit for your business needs.
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what is meant by entry book
Answers
Answer:
Its a record of money in the bank
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2021, you come across several items needing further consideration. Currently, net income is $93,000. A. An insurance policy covering 12 months was purchased on October 1, 2021, for $19,800. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021. B. During 2021, the company received a $3,300 cash advance from a customer for services to be performed in 2022. The $3,300 was incorrectly credited to Service Revenue. C. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $2,400 were on hand at December 31, 2021. D. Trojan borrowed $63,000 from a local bank on September 1, 2021. Principal and interest at 12% will be paid on August 31, 2022. No accrual was made for interest in 2021
Answers
The insurance policy was purchased on October 1, 2021, for $19,800. (Option A)
How do you explain the above answer?As the entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021, we should make an adjusting entry to record the insurance expense for the period October 1, 2021 to December 31, 2021.
We can calculate the expense by multiplying the cost of the insurance by the ratio of the number of days in the period October 1, 2021 to December 31, 2021 to the total number of days in the policy (365).
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Ms. smith opened a bank account to save money. the balance of the account is modeled by the function f(x) = 4,000(1.06)x , where x is the number of years since the account is opened. according to the function, what is happening to the balance of the account each year?
Answers
Answer:
a
Explanation:
Balance of the account increasing each year linearly is happening to the balance of the account each year.
What is the Balance in the account?Your account balance is the sum of all posted credit and debit transactions. It is the amount in your account before any pending charges are added. Your available balance is the sum of money you have accessible for withdrawals or purchases.
When you check the balance of your bank account online, the available balance and total balance can be two different figures. A debit lowers the amount, whereas a credit enhances it. expense reports. A credit decreases the balance while a debit raises it.
The debiting of positive asset and cost values and crediting of negative balances are shown by this. For instance, after receiving $1,000 in cash, a journal entry would include a debit of $1,000 to the cash account in the accounting software.
Thus, Balance of the account increasing each year.
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Analyzing Finance Workers' Qualities, Skills, and Abilities.
According to the video, what qualities, skills, and abilities do workers in this career cluster need? Check ALL that apply.
a. physical strength for working outdoors and traveling
b. communication skills for explaining complex concepts
c. leadership skills for persuading others to take action
d. the ability to inspire others
e. the ability to be unemotional about business
f. the ability to be comfortable in an office setting
Answers
The qualities, skills, and abilities which workers in this career cluster need are:
B. Communication skills for explaining complex conceptsE. The ability to be unemotional about business F. The ability to be comfortable in an office settingAccording to the given question, we are meant to show the abilities, skills which workers that were displayed on video needs to have if they are to thrive in their chosen profession.
As a result of this, we can see that the workers in this particular career cluster needs communication skills, emotional intelligence and ability to be comfortable in an office setting.
Therefore, the correct answers are options B, E and F
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Answer:
B.E.F
Explanation:
star inc. licenses use of its intellectual property to customers. the benefit the customer receives from the license is not affected by star's ongoing activity. star should recognize revenue:
Answers
Star Inc. licenses use of its intellectual property to customers. The benefit the customer receives from the license is not affected by Star's ongoing activity. Star should recognize revenue at the beginning of the license period.
What does revenue mean?
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement.
What is revenue in a business?
Your annual revenue is the amount of money your company earns from sales over a year; it does not include costs and expenses. To calculate your annual revenue, you multiply the quantity of each product you sold by its sale price, and then add each product's annual sales to determine your gross annual revenue.
Is revenue same as profit?
Revenue and profit are both good signs for your business, but they're not interchangeable terms. Both represent an important way to understand your business. Revenue describes income generated through business operations, while profit describes net income after deducting expenses from earnings.
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Management, can anyone help me?
Answers
I think it is C I looked up some stuff and they all add up to C