The statement is true because sovereignty is a concept that refers to the supreme power that a state has over its own members and the powers that it exercises in relation to other countries.
In the context of internal affairs, sovereignty refers to the state's right to exercise authority over its territory, people, and resources without interference from external actors. This includes the power to make laws, enforce them, and maintain order within its borders.
In the context of external affairs, sovereignty refers to a state's independence and ability to act in its own interests on the international stage. This includes the power to make treaties, engage in diplomacy, and defend its territory and interests against external threats.
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alcan, inc. is considering a project that has an initial outlay or cost of $220,000. the respective future cash inflows from its four-year project for years 1 through 4 are: $50,000, $60,000, $70,000, and $80,000, respectively. alcan uses the internal rate of return method to evaluate projects. will alcan accept the project if its hurdle rate is 12%?
To determine whether Alcan, Inc. will accept this project, we need to calculate the internal rate of return (IRR) of the project and compare it to the company's hurdle rate of 12%.
To calculate the IRR, we need to find the discount rate that makes the net present value (NPV) of the project equal to zero. In this case, the NPV can be calculated as follows:
NPV = -$220,000 + $50,000/(1+r) + $60,000/(1+r)^2 + $70,000/(1+r)^3 + $80,000/(1+r)^4
Solving for r, we find that the IRR of the project is approximately 15.3%.
Since the IRR (15.3%) is greater than the hurdle rate (12%), Alcan, Inc. should accept the project as it is expected to generate a return that exceeds its cost of capital.
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what is your current dream job? explain why and how it fits with your talents, values, and passion.
My current dream job would be to work as a journalist for a well-respected news organization such as The New York Times or BBC News.
I have always been passionate about writing and storytelling, and I believe that journalism is a powerful tool for holding people accountable and shining a light on important issues.
In terms of my talents, I have always excelled in writing and communication. I am able to synthesize complex information and distill it down into clear, concise language that is easy for others to understand.
I am also skilled at asking thoughtful questions and conducting thorough research, which is essential qualities for any journalist.
My values align closely with the principles of journalism, including a commitment to truth and accuracy, transparency, and a belief in the importance of holding those in power accountable for their actions.
I believe that journalism has the power to bring about positive change in the world and that by telling stories that might otherwise go unheard, I can help make a difference.
Overall, I believe that my passion for writing and storytelling, my talents in communication and research, and my commitment to the values of journalism make me a strong candidate for a career in this field.
While it may be a challenging and competitive industry to break into, I am willing to work hard and persevere in order to achieve my dream of becoming a journalist.
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which of the following is not a capital expenditure? a. repairs that maintain an asset in operating condition b. an addition c. a betterment d. a replacement
The option that is not considered a capital expenditure among the given choices is (a) repairs that maintain an asset in operating condition.
Capital expenditures are funds spent on acquiring, improving, or maintaining long-term assets, such as property, equipment, or buildings. These expenditures are meant to enhance the overall value or extend the useful life of the asset.
On the other hand, (a) refers to a routine repair or maintenance expense, which falls under the category of operating expenses. Operating expenses are the day-to-day costs of running a business and are recorded on the income statement. These expenses include costs like utilities, rent, salaries, and repairs that maintain an asset's operating condition without increasing its value or extending its useful life.
In contrast, options (b) an addition, (c) a betterment, and (d) a replacement are all examples of capital expenditures. Additions involve expanding an existing asset, betterments enhance the performance or capacity of an asset, and replacements involve acquiring a new asset to replace an old one. These types of expenses are meant to improve the company's long-term financial prospects and are not regular, recurring costs.
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An economist estimated that the cost function of a single-product firm is: C(Q) = 60 + 30Q + 25Q2 + 5Q3. Based on this information, determine the following: a. The fixed cost of producing 10 units of output. $ b. The variable cost of producing 10 units of output. $ c. The total cost of producing 10 units of output. $ d. The average fixed cost of producing 10 units of output. $ e. The average variable cost of producing 10 units of output. $ f. The average total cost of producing 10 units of output. $ g. The marginal cost when Q = 10.
When Q = 10, MC = 30 + (50 x 10) + (15 x 10 x 10) = 30 + 500 + 1,500 = 2,030
C(Q) = 60 + 30Q + 25Q2 + 5Q3
(a) Fixed cost (FC) = 60 (This is the same irrespective of output)
(b) Total variable cost (TVC) = 30Q + 25Q2 + 5Q3
When Q = 10, TVC = (30 x 10) + (25 x 10 x 10) + (5 x 10 x 10 x 10) = 300 + 2,500 + 5,000 = 7,800
(c) When Q = 10, Total cost (TC) = FC + TVC = 60 + 7,800 = 7,860
(d) Average fixed cost = FC / Q = 60 / 10 = 6
(e) Average variable cost (AVC) = TVC / Q = 7,800 / 10 = 780
(f) Average total cost = TC / Q
When Q = 10, Average cost = 7,860 / 10 = 786
(g) MC = dC(Q) / dQ = 30 + 50Q + 15Q2
When Q = 10, MC = 30 + (50 x 10) + (15 x 10 x 10) = 30 + 500 + 1,500 = 2,030
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Chinglish Dirk (A). Chinglish Dirk Company (Hong Kong) exports razor blades to its wholly owned parent company. Torrington Edge (Great Britain). Hong Kong tax rates are19%and British tax rates are 30\%. The markup was15%and the sales volume was 3,000 units. Chinglish calculates its profit per container as follows (all values in British pounds): EZ: Corporate management of Torrington Edge is considering repositioning profits within the multinational company. What happens to the profits of Chinglish Dirk and Torrington Edge, and the consolidated results of both, if the markup at Chinglish was increased to20%and the markup at Torrington was reduced to10%? What is the impact of this repositioning on consolidated after-tax profit and total tax payments?
Repositioning profits within the multinational company can impact the profits and tax payments of the subsidiary companies as well as the consolidated results. However, the specific impact would depend on the specific numbers involved in the calculation.
Chinglish Dirk Company (Hong Kong) currently exports razor blades to its wholly owned parent company, Torrington Edge (Great Britain), with a markup of 15% and sales volume of 3,000 units. Based on this, Chinglish calculates its profit per container in British pounds. Given that Hong Kong tax rates are 19% and British tax rates are 30%, the profits of Chinglish Dirk and Torrington Edge, as well as the consolidated results of both, are subject to these tax rates.
If the markup at Chinglish were increased to 20% and the markup at Torrington were reduced to 10%, the profits of Chinglish Dirk and Torrington Edge would be impacted. Chinglish Dirk's profits would increase due to the higher markup, while Torrington Edge's profits would decrease due to the lower markup. However, the overall impact on the consolidated after-tax profit would depend on the specific numbers involved in the calculation. If the increase in Chinglish's markup outweighs the decrease in Torrington's markup, the consolidated after-tax profit could potentially increase.
In terms of total tax payments, Chinglish Dirk's tax payment would increase due to the higher profits, while Torrington Edge's tax payment would decrease due to the lower profits. Again, the overall impact on the total tax payments would depend on the specific numbers involved.
Overall, repositioning profits within the multinational company can impact the profits and tax payments of the subsidiary companies as well as the consolidated results. However, the specific impact would depend on the specific numbers involved in the calculation.
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grill works's outstanding preferred stock has a face value of $100 and dividend rate of 5 %. it is currently selling for $50 per share. the market rate of return is ,14 % and the firm's tax rate is 35 percent. what is the firm's cost of preferred stock?
So, the firm's cost of preferred stock is 6.5% The cost of Grill Works' preferred stock can be calculated using the formula:
Cost of Preferred Stock = Dividend Rate / Market Price of Preferred Stock. Dividend Rate = Face Value of Preferred Stock x Dividend Rate,
Dividend Rate = $100 x 0.05
Dividend Rate = $5, Market Price of Preferred Stock = $50, Cost of Preferred Stock = $5 / $50
Cost of Preferred Stock = 0.1 or 10%.
However, since the market rate of return is 14%, and the dividend rate is only 5%, investors may not be willing to pay $50 for a share of Grill Works' preferred stock. This could result in the company needing to increase the dividend rate or lower the price of the preferred stock to attract investors.
It's important to note that the firm's tax rate of 35% does not impact the calculation of the cost of preferred stock, as preferred stock dividends are paid out of after-tax income.
To calculate the firm's cost of preferred stock, you can use the following formula: Cost of preferred stock = (Dividend per share / Market price per share) * (1 - Tax rate).
Here, the dividend per share is 5% of the face value ($100), which is $5. The market price per share is $50, and the firm's tax rate is 35%. Plugging in the values,
we get: Cost of preferred stock = ($5 / $50) * (1 - 0.35) = 0.1 * 0.65 = 0.065 or 6.5%, So, the firm's cost of preferred stock is 6.5%.
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in which currency has gold long been priced on global markets? the british pound the german mark (now euro) the japanese yen the us dollar
Gold has long been priced in the US dollar on global markets. This practice dates back to the Bretton Woods agreement in 1944, which established the US dollar as the world's reserve currency and tied it to the price of gold.
Under this system, central banks could exchange US dollars for gold at a fixed rate of $35 per ounce. However, the system collapsed in the 1970s, and since then, gold has been traded freely on global markets, with its price determined by supply and demand.
Today, gold remains priced in US dollars, although other currencies such as the euro and the Japanese yen may also be used as benchmarks. The British pound, on the other hand, has not been widely used in pricing gold on global markets.
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why might some people prefer to invest in particular stocks on their own rather than investing in a mutual fund
Many people opt to invest in individual stocks as opposed to mutual funds for various reasons. These include their need for control, portfolio diversification, and cost effectiveness.
why might some people prefer to invest in particular stocks on their own rather than investing in a mutual fundInvestors wishing for more autonomy over their investment choices should buy individual stocks as they can independently decide which stocks to purchase, how much to invest, and when to sell. In comparison, those investing in a mutual fund are obliged to depend on the fund manager's decisions concerning their capital.
Furthermore, some people may prefer selecting specific stocks to achieve optimal diversification rather than relying solely on a mutual fund. This makes it easier to customize their portfolio according to their economic aims and risk tolerance.
Lastly, those that aim to keep their finances steady should note that mutual funds usually involve management fees and extra costs that ultimately reduce their returns over time. By avoiding these expenses by opting for individual stocks instead, investors have more potential for enhancing profitability.
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an economic variable that is measured per unit of time, such as spending per year, is known as a(n)
An economic variable that is measured per unit of time, such as spending per year, is known as a flow variable.
Flow variables represent a rate of change over time, and they are typically measured over a specific period, such as a day, a week, a month, a quarter, or a year. In contrast, stock variables represent a quantity at a specific point in time, such as the amount of money in a bank account, the number of shares of a stock held by an investor, or the level of debt owed by a company. Stock variables do not have a time dimension, and they are typically measured at a particular moment in time.
Flow variables are important for analyzing economic activity because they capture the dynamic nature of economic processes, such as production, consumption, investment, and trade. For example, measuring GDP (gross domestic product) per year provides insight into the rate of economic growth and the overall size of the economy. Similarly, tracking household consumption per month can help policymakers understand consumer behavior and the effectiveness of fiscal and monetary policies.
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The following are the end-of-month prices for both the Standard & Poor's 500 Index and Nike's common stock.
a. Using the data below calculate the holding-period returns for each of the months.
b. Calculate the average monthly return and the standard deviation for both the S&P 500 and Nike.
c. Develop a graph that shows the relationship between the Nike stock returns and the S&P 500 Index. (Show the Nike returns on the vertical axis and the S&P 500 Index returns on the horizontal axis.)
d. From your graph, describe the nature of the relationship between Nike stock returns and the returns for the S&P 500 Index.
NIKE S&P 500 INDEX 2017 January February March April May June July August September October November December 2018 January $52.90 57.16 55.73 55.41 52.99 59.00 59.05 52.81 51.85 54.99 60.42 62.55 $2,279 2,364 2,363 2,384 2,412 2,423 2,470 2,472 2,519 2,575 2,648 2,674 68.22 2,824
The following are the end-of-month prices for both the Standard & Poor's 500 Index and Nike's common stock.
a. Holding period returns are the returns earned by a security over a certain period of time. For example, the holding period return for January 2017 for Nike is (57.16-52.90)/52.90 = 0.089 or 8.9%.
b. The average monthly return for Nike is 0.0114 or 1.14%. The standard deviation for Nike is 0.0246 or 2.46%. The average monthly return for the S&P 500 Index is 0.0007 or 0.07%. The standard deviation for the S&P 500 Index is 0.0042 or 0.42%.
c. From the graph, it can be seen that the returns for Nike stock and the S&P 500 Index are positively correlated. As the returns of the S&P 500 Index increase, the returns of Nike stock also increase.
d. The nature of the relationship between Nike stock returns and the returns for the S&P 500 Index is positive. As the returns of the S&P 500 Index increase, the returns of Nike stock also increase.
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a $12,500, 9% note is dated april 9 and is due in 90 days. the note will mature on what date? group of answer choices july 9 july 8 june 9 june 8
To determine the maturity date of the $12,500, 9% note, we need to add 90 days to the date it was dated, which is April 9. To do this, we can count 90 days starting from April 9. This would take us to July 8. Therefore, the maturity date of the note is July 8.
It is important to note that when calculating the maturity date of a note, we need to consider the number of days in the month of maturity. For example, if the note were due on August 31, we would need to add 31 days to the date it was dated, since August has 31 days.
In summary, to determine the maturity date of a note, we need to add the number of days until maturity to the date it was dated, and consider the number of days in the month of maturity.
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at most small businesses, human resource management activities can best be described as ________.
Answer:formal and standardized
Explanation:
At most small businesses, human resource management activities can best be described as informal and decentralized.
At most small businesses, human resource management activities can best be described as informal and less structured than in larger organizations. This is because small businesses typically have fewer employees and fewer specialized HR staff, so HR tasks are often handled by managers or business owners themselves. In small businesses, HR management activities may include tasks such as recruiting and hiring employees, handling employee relations issues, managing benefits and payroll, and ensuring compliance with employment laws and regulations.
However, the extent and level of formality of these activities may vary depending on the size, industry, and culture of the small business. Overall, small businesses tend to have a more flexible and adaptive approach to HR management, as they often have to operate with limited resources and respond quickly to changing business needs.
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Which of these powers may exist when a person believes that his/her goals are similar to another's?a. Coercive powerb. Legitimate powerc. Referent powerd. Expert powere. Reward power
Referent power may exist when a person believes that his/her goals are similar to another's. Therefore, the correct option is C.
Referent power is the ability to influence others because they identify with or admire you, often due to similar goals, values, or interests. When a person believes their goals are similar to another's, they may develop a sense of identification and feel more inclined to follow that person's lead. This type of power relies on the strength of the relationship and the mutual understanding of shared goals between the individuals involved.
In contrast, coercive power (a) relies on the use of force or threats, legitimate power (b) comes from a recognized position or role, expert power (d) is derived from one's knowledge or skills, and reward power (e) is based on the ability to provide benefits or incentives. These types of power are not specifically based on shared goals or values. Hence, the correct option is C: referent power.
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a lot that measured 330’ x 198’ sold for $30,000. what was the cost per acre?
The cost per acre land for the lot measuring 330' x 198' is $20,000.
To determine the cost per acre, we need to convert the lot measurements from square feet to acres.
First, we convert the square footage to square acres by dividing by the conversion factor, which is 43,560 square feet in one acre:
330' x 198' = 65,340 square feet
65,340 square feet / 43,560 square feet/acre = 1.5 acres (approximately)
Next, we calculate the cost per acre by dividing the total cost by the number of acres:
$30,000 / 1.5 acres = $20,000 per acre
Therefore, the cost per acre for the lot measuring 330' x 198' is $20,000.
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If a lot that measured 330’ x 198’ sold for $30,000 then the cost per acre for the lot is approximately $20,000.
To determine the cost per acre for a lot that measured 330' x 198' and sold for $30,000, you will first need to calculate the total area in square feet and then convert it to acres.
1. Calculate the total area in square feet:
Area = length x width = 330' x 198' = 65,340 square feet
2. Convert square feet to acres:
1 acre = 43,560 square feet
Area in acres = 65,340 square feet ÷ 43,560 square feet/acre ≈ 1.5 acres
3. Calculate the cost per acre:
Cost per acre = Total cost ÷ Area in acres = $30,000 ÷ 1.5 acres ≈ $20,000 per acre
So, the cost per acre for the lot is approximately $20,000.
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On March 10, 2020, Steele Company sold to Barr Hardware 200 tool sets at a price of $50 each (cost $30 per set) with terms of n/60, f.o.b. shipping point. Steele allows Barr to return any unused tool sets within 60 days of purchase. Steele estimates that (1) 10 sets will be returned, (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25, 2020, Barr returned six tool sets and received a credit to its account. Instructions a. Prepare journal entries for Steele to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (c) any adjusting entries required on March 31, 2020 (when Steele prepares financial statements). Steele believes the original estimate of returns is correct. b. Indicate the income statement and balance sheet reporting by Steele at March 31, 2020, of the information related to the Barr sales transaction. . Assume that instead of selling the tool sets on credit, that Steele sold them for cash.
The estimated returns inventory would also be reported in the balance sheet as a reduction to inventory.
a. (1) On March 10, 2020:
Accounts Receivable $10,000
Sales Revenue $10,000
Cost of Goods Sold $6,000
Inventory $6,000
(2) On March 25, 2020:
Accounts Receivable $3,000
Sales Returns and Allowances $3,000
Inventory $1,800
Cost of Goods Sold $1,800
(3) On March 31, 2020:
Estimated Returns Inventory $600
Cost of Goods Sold Adjustment $360
Inventory $960
b. Income Statement:
Sales Revenue $10,000
Less: Sales Returns ($3,000)
Net Sales $7,000
Cost of Goods Sold $6,000
Gross Profit $1,000
Balance Sheet:
Accounts Receivable $7,000
Inventory $1,800
Estimated Returns Inventory $600
Total Assets $9,400
The sale of the tool sets to Barr Hardware would be reported as revenue in the income statement and as accounts receivable in the balance sheet. The cost of goods sold would also be reported in the income statement and the inventory would be adjusted accordingly.
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the average iphone price is $900 whereas for android phones the average price is $350. therefore the iphone price strategy is an example of
The iPhone's price strategy, with an average price of $900 compared to Android phones' average price of $350, is an example of a premium pricing strategy.
In a detailed explanation of this concept, premium pricing is a marketing tactic where products or services are priced higher than their competitors to reflect a higher perceived value or superior quality. By pricing their products higher, companies aim to position themselves as a luxury or high-end brand, attracting customers who are willing to pay more for the perceived exclusivity, innovation, or overall better experience.
In this case, Apple has set the average iPhone price at $900, significantly higher than the average Android phone price of $350. This strategy allows Apple to position their iPhone as a premium product with a higher quality, unique features, and better customer support. This approach also helps the brand to attract consumers who associate a higher price with better quality and prestige.
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the coordination of marketing communication efforts to influence attitudes or behavior is known as .
The coordination of marketing communication efforts to influence attitudes or behavior is known as integrated marketing communications (IMC).
IMC is a strategic approach to marketing that combines all aspects of communication and promotion, including advertising, public relations, direct marketing, social media, and sales promotion, to create a unified and consistent message that effectively reaches the target audience. The goal of IMC is to create a seamless and cohesive brand experience for the customer and to drive desired attitudes and behaviors.
In today's competitive marketplace, IMC has become increasingly important as it allows organizations to maximize the impact of their marketing efforts and achieve a greater return on investment. By coordinating all communication channels and delivering a consistent message, businesses can build stronger brand equity and create more meaningful relationships with their customers.
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the cumulative tally of the number of advancing stocks minus declining stocks is called the .
The cumulative tally of the number of advancing stocks minus declining stocks is called the advance-decline line.
The AD line is a technical indicator used in stock market analysis to track the net difference between the number of advancing stocks (stocks that are increasing in price) and declining stocks (stocks that are decreasing in price) over a specific period of time. This allows analysts to determine the overall strength or weakness of the market.
The number of falling stocks is subtracted from the number of advancing stocks, and the result is added to a running cumulative total to get the AD line. The resultant line may be used to spot trends or future changes in market direction since it indicates whether the vast majority of equities in the market are rising or falling.
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a new division manager wants to terminate a new employee for borrowing work equipment for personal use, an act specifically prohibited in the employee handbook. this has happened before, but, in that case, the employee was not terminated. which action should hr recommend the manager take?
Based on the information provided, it appears that the new division manager wants to terminate a new employee for borrowing work equipment for personal use, which is specifically prohibited in the employee handbook. It is important to note that this has happened before, but the employee was not terminated in that case.
In this situation, HR should recommend that the manager takes a measured and consistent approach in dealing with the employee's conduct. HR should advise the manager to follow the organization's disciplinary procedures and ensure that the employee is aware of their breach of company policy.
It may be beneficial for the manager to speak with the employee and get their side of the story, as well as explain why this behavior is unacceptable. HR should also advise the manager to take into account any mitigating factors, such as the length of the employee's tenure and any previous disciplinary action.
Ultimately, the decision to terminate the employee should be based on a thorough investigation and a detailed review of the facts. HR should ensure that the decision to terminate is made in accordance with the organization's policies and procedures and that the employee is treated fairly and with respect throughout the process.
In summary, HR should recommend that the manager takes a measured and consistent approach to dealing with the employee's conduct and follows the organization's disciplinary procedures. The decision to terminate should be based on a thorough investigation and a detailed review of the facts, and the employee should be treated fairly and with respect throughout the process.
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a. Under "Condition Statement of Federal Reserve Banks," find the row "Reserve Bank Credit." What is the total amount of reserve bank credit under "Average of Daily Figures" for the week ended July 1, 2020? What is the amount displayed for "U.S. Treasury securities"? What percentage of the Federal Reserve's total reserve bank credit is currently made up of U.S. Treasury bills? Enter total reserve bank credit and U.S. Treasury securities in terms of millions of dollars (es tisted in the release). Round your percentage to one decimal place. Total reserve bank credit for the week ended July 1 2020: ______ million. U.S. Treasury securities for the week ended July 1 2020: ______ . U.S. Treasury bills as a percentage of total reserve bank credit: ____ million.
The total amount of reserve bank credit under "Average of Daily Figures" for the week ended July 1, 2020, is $3,058,224 million. The amount displayed for "U.S. Treasury securities" is $5,528,523 million.
Reserve bank credit refers to the amount of credit extended by Federal Reserve Banks to eligible depository institutions or banks. U.S. Treasury securities are a type of security that represents the debt of the U.S. Treasury Department. These securities are bought and sold by the Federal Reserve Banks as a way of controlling the money supply and ensuring that there is enough liquidity in the economy.
The amount of reserve bank credit for the week ended July 1, 2020, is provided under the "Condition Statement of Federal Reserve Banks" which is released every Thursday. The total amount of reserve bank credit is $3,058,224 million for the given week. The amount of U.S. Treasury securities is also provided in the same statement and it is $5,528,523 million for the given week.
To calculate the percentage of the Federal Reserve's total reserve bank credit that is made up of U.S. Treasury bills, we divide the amount of U.S. Treasury securities by the total reserve bank credit and then multiply the result by 100. So, U.S. Treasury bills as a percentage of total reserve bank credit for the given week is 180.5%.
Therefore, the total reserve bank credit for the week ended July 1, 2020, is $3,058,224 million, the U.S. Treasury securities for the week ended July 1, 2020, is $5,528,523 million, and U.S. Treasury bills as a percentage of total reserve bank credit is 180.5%.
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____ departmentalization is defined as organizing work and workers into separate units responsible for particular business functions or areas of expertise.
Functional
Departmentalization
product
Functional departmentalization organizes workers based on their skills or expertise in separate units responsible for specific functions.
Functional departmentalization is a common approach used by organizations to group employees based on their expertise or skill sets.
This type of departmentalization typically involves organizing employees into departments based on the functions or activities they perform, such as finance, marketing, operations, or human resources.
Each department is headed by a manager who oversees the work of the employees within that department and reports to a higher-level manager.
One of the main advantages of functional departmentalization is that it allows organizations to achieve economies of scale by grouping employees with similar skills and expertise.
This can lead to more efficient operations and cost savings. Additionally, employees within functional departments can often learn from one another and develop specialized skills that are valued by the organization.
However, there are also potential disadvantages to functional departmentalization. One common criticism is that it can create silos within organizations, where employees become more focused on their individual functions and less focused on the broader goals of the organization.
Additionally, it can be difficult to coordinate activities across functional departments, which can lead to communication breakdowns and inefficiencies.
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big town retailers operates in florida and collects sales taxes from customers on all purchases. how should these sales taxes be reported when collected?
Big town retailers operating in Florida and collecting sales taxes from customers on all purchases must report these sales taxes to the Florida Department of Revenue.
The sales tax collected must be reported on a Sales and Use Tax Return, which is filed monthly, quarterly, or annually, depending on the retailer's sales volume. The retailer must ensure that the sales tax collected is accurately calculated and recorded in their accounting system to avoid any potential penalties or fines for underreporting or late reporting. It is important to note that sales taxes collected are not considered revenue and should be kept separate from the retailer's income.
Big town retailers in Florida should report the collected sales taxes as a liability on their financial statements. This is because the sales taxes are collected on behalf of the state government and are not considered revenue for the retailer. The collected sales taxes should be remitted to the Florida Department of Revenue on a regular basis, as required by state regulations.
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. walker is a bond investor and currently, he holds 2 bonds in his portfolio. bond a is a 1.5% coupon rate bond while bond b is a 4.75% coupon rate bond. both bonds have 10 years left until maturity and pay coupon rate semi-annually with a par value of $1,000. currently, if walker is not investing in bond a, he could have invested in a new zealand bond with similar risks to that of a. meanwhile, walker could have invested in a chinese bond with similar risks to that of b. walker wants to know whether his bonds are premium, par or discount bond. without any calculation, please help walker determining the type of bonds that he has and more importantly, explain to him how you arrive to your prediction in plain english.
As a bond investor, Walker holds two bonds in his portfolio - Bond A with a 1.5% coupon rate and Bond B with a 4.75% coupon rate.
Both bonds have 10 years left until maturity, pay coupons semi-annually, and have a par value of $1,000. To determine if these bonds are premium, par, or discount, we can compare their coupon rates to the coupon rates of similar bonds from New Zealand and China.A premium bond has a higher coupon rate than the market rate for similar bonds, a discount bond has a lower coupon rate, and a par bond has the same coupon rate. If the coupon rates of the New Zealand and Chinese bonds are higher than those of Bond A and Bond B, respectively.
Then Walker's bonds would be discount bonds. If the coupon rates are lower, his bonds would be premium bonds. And if the coupon rates are the same, his bonds would be par bonds.Without knowing the exact coupon rates of the New Zealand and Chinese bonds, it is not possible to definitively classify Walker's bonds as premium, par, or discount bonds. However, this explanation should help Walker understand how to determine the bond types by comparing their coupon rates with those of similar bonds in the market.
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how to suppose a commerical bank is subject to a 19 percent reserve requirement. the bank currently has $65,000 in checkable deposits and $14,000 in outstanding loans. what is the whole dollar amount of additional loans the bank may loan out. (if the bank is short on reserves enter your number as a negative number). $calculate nominal gdp
To first understand the terms involved:
1. Commercial bank: A financial institution that accepts deposits, offers checking and savings accounts, and provides loans to individuals and businesses.
2. Reserve requirement: The percentage of a bank's deposits that must be held in reserve, set by the central bank. In this case, it is 19%.
3. Checkable deposits: Deposits in accounts from which funds can be withdrawn by check or other means of direct payment.
4. Outstanding loans: The total value of loans that have been given out by the bank and are still owed by borrowers.
Now, let's calculate the amount of additional loans the bank may loan out:
1. First, find the total reserve requirement for the bank: $65,000 (checkable deposits) x 0.19 (reserve requirement) = $12,350.
2. Determine the bank's current reserves: $65,000 (checkable deposits) - $14,000 (outstanding loans) = $51,000.
3. Subtract the required reserves from the current reserves: $51,000 - $12,350 = $38,650.
The whole dollar amount of additional loans the bank may loan out is $38,650. Note that this calculation doesn't involve nominal GDP, as it is not relevant to the bank's reserve requirements and lending capacity.
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bt trucking has taxable income of $617,429. how much does it owe in taxes?
Answer: based on these assumptions, BT Trucking would owe an estimated $129,860.09 in federal corporate income taxes on taxable income of $617,429 for the 2021 tax year.
Explanation: If we assume that BT Trucking is a regular C-corporation and doesn't have any deductions or credits, we can estimate its tax liability as follows:
Tax liability = Tax rate x Taxable income
Tax liability = 21% x $617,429
Tax liability = $129,860.09
Therefore, based on these assumptions, BT Trucking would owe an estimated $129,860.09 in federal corporate income taxes on taxable income of $617,429 for the 2021 tax year.
The risk of loss or injury to the auditors' reputation by association with a client that goes bankrupt or one whose management lacks integrity is called __________ risk.
a. inherent
b. engagement
c. audit
d. business
The risk of loss or injury to the auditors' reputation by association with a client that goes bankrupt or one whose management lacks integrity is called business risk.
Business risk is a common term used in the field of auditing and it refers to the risk that is associated with the client's operations, industry, and management. It includes the risks that the client's business may face, such as market competition, economic conditions, regulatory changes, and operational risks.
For auditors, business risk is a critical factor in assessing the likelihood of a material misstatement in the financial statements. By understanding the client's business and industry, the auditor can better identify areas of potential risk and develop appropriate audit procedures to address those risks.
Therefore, it is crucial for auditors to consider business risk when planning and performing an audit to ensure that they provide reliable and accurate audit reports to their clients.
Engagement risk refers to the risk of loss or injury to the auditors' reputation by association with a client that goes bankrupt or one whose management lacks integrity.
In this context, management refers to the individuals responsible for making decisions and overseeing the operations of a business.
The client is the company or individual seeking the services of an auditor. Auditors must carefully consider the business and its management before accepting an engagement to minimize this risk and protect their reputation.
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indicate whether each item is an example of financial capital, physical capital, or human capital. a. cash: b. industrial pizza oven: c. checking account: d. office building: e. employee's college education: f. copier: g. teacher's natural intelligence: h. paper securities:
a. Cash is an example of financial capital, as it is a financial asset that can be used to purchase goods and services.
b. An industrial pizza oven is an example of physical capital, as it is a tangible asset used in the production of goods.
c. A checking account is an example of financial capital, as it is a financial asset that can be used to make payments and transfers.
d. An office building is an example of physical capital, as it is a tangible asset used in the production of goods and services.
e. An employee's college education is an example of human capital, as it is the knowledge and skills that the employee has acquired through education and training.
f. A copier is an example of physical capital, as it is a tangible asset used in the production of goods and services.
g. A teacher's natural intelligence is an example of human capital, as it is the natural abilities and talents that the teacher possesses and uses to educate others.
h. Paper securities are an example of financial capital, as they are financial assets that represent ownership in a company or organization.
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the ucc provides rules, where the parties do not set forth terms in their contract, to cover: a. particulars of performance. b. all of these. c. terms of payment. d. place of delivery.
The UCC provides rules, known as gap-fillers, to cover all of the options listed in the question (a, b, c, and d).
The UCC (Uniform Commercial Code) is a set of laws that governs commercial transactions in the United States. It provides a set of default rules that can be used to fill in the gaps when the parties do not explicitly address certain terms in their contract.
The Uniform Commercial Code (UCC) provides rules to cover particulars of performance, terms of payment, and place of delivery when parties do not set forth these terms in their contract. This helps ensure clarity and a legal framework for transactions in the absence of specific terms agreed upon by the parties involved.
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if real gdp in a small country in 2012 is $10 billion and real gdp in the same country in 2013 is $10.3 billion, the growth rate of real gdp between 2012 and 2013 a) is 3.0%. b) is 3.6%. c) is 3.75%. d) cannot be determined from the information given.
The growth rate of real GDP between 2012 and 2013 in this country is 3.0%, which corresponds to option a).
To calculate the growth rate of real GDP between 2012 and 2013 in the given country, you can use the formula:
Growth rate = [(Real GDP in 2013 - Real GDP in 2012) / Real GDP in 2012] * 100
Plug in the given values:
Growth rate = [($10.3 billion - $10 billion) / $10 billion] * 100
Growth rate = [$0.3 billion / $10 billion] * 100
Growth rate = 0.03 * 100
Growth rate = 3.0%
Therefore, the growth rate of real GDP between 2012 and 2013 in this country is 3.0%, which corresponds to option a).
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What social responsibilities does a firm have in the workplace?
Outline a business case for these responsibilities.
A firm has social responsibilities to create a safe and healthy workplace for its employees, treat employees fairly, and promote diversity and inclusion.
By fulfilling these responsibilities, a firm can enhance its reputation, attract and retain talent, increase productivity and innovation, and reduce turnover and absenteeism.
A safe and healthy workplace can also reduce costs related to accidents and injuries.
Treating employees fairly and promoting diversity and inclusion can help a firm build a more engaged and motivated workforce, which can result in improved performance and higher customer satisfaction.
Additionally, these practices can help a firm avoid legal and reputational risks associated with discrimination and harassment.
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