Producer products also referred to as intermediate goods in economics, are manufactured goods used in further production, processing, or resale.
What is a producer product?In economics, producer products—also known as intermediate goods—are manufactured goods that are utilized in subsequent manufacturing, processing, or resale.
In the manufacturing process, producer items can merge with end products or lose their unique characteristics.
Producer goods are products that a business uses to make more of its own products.
An office building, factory, or warehouse are all examples of producer goods.
Producer goods are the different things that producers utilize in their manufacturing processes.
They consist of raw materials, semi-finished commodities, and capital items (such as machinery, parts, and equipment).
Therefore, producer products also referred to as intermediate goods in economics, are manufactured goods used in further production, processing, or resale.
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A salesperson earns a weekly salary of $150 plus a 15% commission of her total sales. Her total sales for the week is $15,000. How much does she earn for the week
Since the sum of a salesperson's fixed wage and commissions, For the week, the salesperson made $2400.
How to calculate salesperson's commission?The salesperson's fixed compensation is $150 each week.
The salesperson's total commission is equal to 15% of his sales.
The salesperson has made $15,000 in total.
We need to ascertain the salesperson's weekly earnings in total. Since the sum of a salesperson's fixed wage and commissions, Her weekly compensation is $150, as far as we know. So, first find out what her sales commission was for that week.
The salesperson's compensation for the week is equal to 15% of the total sales.
Consequently, fifteen percent of all sales are,
y= 15000*15/100
y= 150*15
y= 2250
Therefore, the salesperson's commission was $2250.
s= x+y
s= 150+2250
s= 2400
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For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender
A determined sum of money that takes into account both the interest earned and the premiums paid.
Interest is the payment of a sum over and above the principal amount (the amount borrowed) at a set rate by a borrower or deposit-taking financial institution to a lender or depositor. It is distinct from any fees the borrower may be required to pay the lender or another party. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather as a percentage of the gains gained by risk-takers who take on risks in order to produce revenue, on a pro rata basis. For instance, if a consumer borrows money from a bank, they often pay interest on it, which means they pay the bank more money than they borrowed. Likewise, if a customer earns interest on their savings, they may take out more money than they initially put in. When it comes to savings, the consumer serves as the lender and the bank as the borrower. Interest is different from profit in that a lender receives interest while the owner of an asset, investment, or business receives profit. (Interest may include all or a portion of an investment's profit, but from an accounting standpoint, the two notions are different.)
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__________ are small loans extended to people in poverty, typically those who are unable to get normal business loans. A. Macroloans B. Microloans C. Collateral loans D. Credit loans Please select the best answer from the choices provided. A B C D
B. Microloans are small loans extended to people in poverty, typically those who are unable to get normal business loans.
Self-employed professionals, start-ups, micro-enterprises, small firms, and people with little financial requirements can all apply for microloans, which are short-term loans with lower loan amounts.
Microloans are tiny business loans or other forms of small financing that are given to low-income families or microentrepreneurs who have little or no access to banks or other financial institutions.
Microloans can be used for things like paying for ongoing costs, buying merchandise, and paying employees that are associated with beginning or expanding a business.
These business loans often operate similarly to traditional term loans: You borrow a fixed amount of money from a lender and pay it back over a predetermined period of time, plus interest.
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What are the 3 basic economic questions that a country must answer about limited resources?
Every community must respond to three inquiries given that all economic resources are limited: What types of products and services are necessary? How exactly should these products and services be created? Who makes use of these products and services?
'What is an economic system?'
A country's or a region's economic system is how societies or governments manage and distribute the resources, services, and goods that are readily available. Land, capital, labor, and physical resources are all subject to economic system regulation. A community's economic structure is made up of a variety of institutions, organizations, entities, decision-making procedures, and consumption patterns, and these all make up an economic system.
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How long-term is long-term?
When it comes to long-term investments, there is no set definition of what constitutes “long-term.”
Generally speaking, long-term investments typically involve a period of at least five years, but this can vary depending on the type of investment and the individual investor’s goals and risk tolerance.
For example, stocks, bonds, and mutual funds can all be held for different lengths of time, ranging from months to decades. So, when it comes to long-term investments, it is important to consider your individual goals and risk tolerance to determine what is best for you.
When it comes to making a long-term commitment, it can be hard to determine exactly what that means. For some, long-term could mean a few months or even a few years. For others, it could mean a decade or more.
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when palpating a patient's pulse, you note that it is grossly irregular. you should:
When palpating a patient's pulse and noting that it is grossly irregular, it is important to report this finding to the patient's healthcare provider or physician as soon as possible.
The healthcare provider will likely want to further assess the patient, perform a physical examination and may order additional diagnostic tests such as an electrocardiogram (ECG) or echocardiogram to investigate the cause of the irregular pulse .Additionally, it is essential to monitor the patient's vital signs and symptoms closely and take actions to ensure the patient's safety and comfort. In case of severe symptoms such as chest pain, shortness of breath, or fainting, it is important to call emergency medical services immediately.
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Give the Three Types of plans and define each concisely?
There are 3 types of Business Plans :
1. Operational Planning
This kind of planning often outlines how the business is run on a daily basis. Operational plans are frequently referred to as ongoing or single-use plans. Plans for one-time events and activities are called single usage plans (such as a single marketing campaign). Ongoing plans comprise policies for tackling issues, rules for particular laws, and procedures for a step-by-step process for achieving specified goals.2. Strategic Planning
A high-level perspective of the entire company is a component of strategic planning. It serves as the organization's fundamental framework and will guide long-term choices. The time frame for strategic planning can range from the subsequent two years to the following ten years. A strategic plan should include a vision, purpose, and values statement.3. Tactical Planning
Strategic planning is aided by tactical planning. It outlines the organization's intended strategies and methods for achieving the goals set forth in the strategic plan. The scope usually has a time frame of less than a year and divides the strategic plan into manageable parts. Operational plans ask how the organisation will typically carry out something in order to achieve the organization's objective, whereas tactical plans ask specific questions about what has to happen in order to achieve a strategic goal.The more companies an insurance company insures, the more likely they can predict the percentage of losses over a given period of time. This is known as:
The more companies an insurance company insures, the more likely they can predict the percentage of losses over a given period of time. This is known as Law of Large Numbers.
What does insurance mean in its entirety?In an insurance contract, one party is indemnified by the insurer against losses resulting from particular calamities or hazards. It aids in against financial loss for the insured person or their family. Insurance coverage come in a variety of forms. The most prevalent types of insurance are life, health, homeowners, and auto.
What sources are there for insurance?Someone discovered what some people believe to be the first written insurance policy on a Babylonian monument. The guild system developed in medieval Europe, with members contributing to a fund that covered their losses. Multiple investors would board ships bound for the New World in the 1600s in order to split the risk.
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$53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. How much is in the account after four years
After 4 years he will have $57,369 credited to his account. $53,000 is put into an investment account that grows at a fixed rate of 2% (cumulative growth rate) per year.
A sum of $53,000 is said to be put into an investment account that grows at a fixed rate of 2% (cumulative growth rate) per year. In the account he will be asked to determine the amount after four years.
Use the compound interest formula to solve the given problem.
A= P(1+r/n)^nt, where,
A = Final amount after t years,
P = Principal,
r = annual rate in decimal format,
n = number of compounding per year,
t = time in years.
Let's convert the given rate to decimal form. Substituting the given values into the compound interest formula yields:
2%= 2/100= 0.02
A= $53,000(1+0.02/1)^1*4
A= $57368.90448 = $57.369.
So after 4 years he will have $57,369 credited to his account.
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Why is human capital the most important factor of production give three examples?
An economy's human capital can help it grow. When management has more human capital, there is more creativity, more productivity, and better participation rates, all of which help the economy flourish.
Productivity is a measure of how effectively commodities or services are generated. Productivity is sometimes expressed as a ratio of the entire output to a single input or the total input used in a production process, or output per unit of input, typically over a predetermined time period. The most typical illustration is the (aggregate) measure of labor productivity, where GDP per worker is one example. The choice of a productivity definition (including those that do not relate to ratios of output to input) is dependent on the objective of the productivity measurement and/or the availability of data. The main cause of variability across productivity measures is often (directly or indirectly) connected to how the inputs and outputs are combined to produce such a ratio-type productivity measure.
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Fill in the missing information from the income statement. Hopewell Corporation Income Statement January 1 to December 31, 2020 (amounts in thousands) Revenue 7,700 Expenses Profit 1,900 What is the value for Expenses ?
Please specify your answer in the same units as the income statement.
Value for Expenses = Revenue – Profit
Expenses = 7700-1900
Expenses = 5800
When an asset is used to produce income, it loses value, and this is what is meant by an Expense. If the underlying asset will be used for an extended length of time, the expense will be deducted ratably over the asset's useful life. It is customary to charge an expense to expense as incurred if it is for something that will be consumed right away, like a salary.
If the cost of the asset purchase falls below the company's capitalization limit, it may be recorded as an Expense. The payment would have been recorded as an expense at a later time, when the asset was used, if the amount paid had exceeded the capitalization limit.
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Oliver is busy planning the launch of his new company. he hired a business professional to act as the interim ceo and asked for a report on the possible controllable risks the company could face. which risk would be deemed as controllable?
a. fluctuations in the price of raw materials
b. breakdown of the firm’s it architecture
c. currency rate fluctuations in the market
d. changes in import duties in the short term
Breakdown of the firm's IT architecture. This is a controllable risk because the company can take steps to ensure the IT architecture is robust and secure, such as investing in IT infrastructure, regular maintenance, and training employees in IT security.
What is IT architecture?IT architecture is the design and structure of an organization's IT systems and services. It is composed of the hardware, software, networks, databases, and other components that make up an organization's IT environment. IT architecture provides the framework for the development, implementation, and operation of information systems. It is a roadmap that outlines the goals, requirements, and expectations of an organization's IT infrastructure. IT architecture is important to ensure that the organization's IT systems are secure, reliable, and cost-effective. It also helps the organization to plan for future growth and change and to ensure IT investments are made wisely. IT architecture is the foundation for the successful delivery of an organization's IT services and solutions.
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Why do you think business provide bonus to its employees?
Answer: See explanation
Explanation:
Bonus is sum of money that is added to the wage or salary of an employee. The role of bonus to employees is vital. Firstly, bonus is given to the employees to improve their morale.
Secondly, bonus motivates employees. When, employees are given bonus, it tends to motivate and they tend to work harder.
Thirdly, bonus tends to build team collaboration. Lastly, bonus boosts productivity. As the employees are motivated, they work harder and this can help them reach their goals and boost their productivity and bring about growth of the organization.
Builds Team Collaboration. ...
Creates Friendly Competition Among Staff
BUURCAR
Which of the following is NOT true of career fairs?
A careers fair's goal is to facilitate networking between businesses and job seekers. These programs are for those who are unsure about their next move, wish to change careers, or want to learn more about a specific field. It does not include gaining favors from another person.
What happens at a job or career fair?
Hundreds of employers and even more job seekers will attend live career fairs. Each employer will have a separate booth where visitors may talk to representatives and current workers to learn more about the who, what, where, why, and how of the company. This is your chance to network and meet potential employers. Along the way, you can also pick up information packets, attend seminars, pass out your resume, and possibly even depart with an interview scheduled. Everyone is welcome at recruitment events like career fairs, which is a wonderful feature. There are chances for people of all ages and levels of expertise due to a large number of diverse employers in attendance.
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Experts are particularly concerned about four strategic metal resources that are important for the u. S. Economy and military strength, and that must be imported. What percentage does the u. S. Import? *
Experts are especially concerned about four strategic metal resources that are critical to the United States' economy and military strength and U.S imports 90%.
What are the four strategic metal resources?Because of their importance to the US economy, national security, and the emerging green economy, copper, nickel, cobalt, and platinum group metals are considered strategic.Strategic minerals are commodities critical to national defense whose supply during war is entirely or partially dependent on sources outside the United States. Because these resources would be difficult to obtain, strict conservation and distribution controls are required.Gold, silver, tin, copper, lead, zinc, iron, nickel, chromium, and aluminum are examples of metallic resources. Sand, gravel, gypsum, halite, Uranium, and dimension stone are examples of nonmetallic resources. A mineral resource is defined as a volume of rock that is rich in one or more useful materials.To learn more about four strategic metal resources refer to :
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True or false: It is more likely that your meeting objectives will be met if the meeting is well-planned. True false question. True False
Undoubtedly, if the meeting objectives is well-planned, your goals will be achieved.
What is the case with high-performing teams?The focus, purpose, and priorities of high-performing teams are congruent. In order for their work to be the catalyst for success, they establish team and personal goals that support this common vision. Everyone is aware of their responsibilities and the best way to get there because the goals are not just congruent but also clearly stated.
When trying to have a difficult conversation, which of the following issues do business people frequently encounter?Getting to know one another on the team is crucial. Which of the following is a challenge that commonly confronts business executives when they're trying to have a challenging conversation when frankness could backfire?
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If Treasury bills are currently paying 5.75 percent and the inflation rate is 2.8 percent, what is the approximate and the exact real rate of interest
approximate real rate = nominal – inflation = 5.75% - 2.8%
= 2.95% using fisher equation real rate = (1+nominal rate)/(1+inflation rate) - 1 = 1.0575/1.028 – 1 = 2.87%
In the fields of finance and economics, interest is the additional sum that is paid by a borrower or deposit-taking financial institution to a lender or depositor at a certain rate (the amount borrowed). In contrast to any costs the borrower might have to pay the lender or another party, this is not a fee. It also differs from a dividend, which is money paid out to shareholders (owners) by a corporation from its profit or reserve, but not at a set rate or proportionately; rather, it is a fraction of the reward received by risk-takers in business who generate income that exceeds all outlays.
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What Cannot be solved by an algorithm?
An algorithm is unable to resolve undecidable problems. By any algorithm, these issues are theoretically intractable.
Do algorithms have the ability to address every issue? No, There are several known mathematically undecidable problems, and as a result, no method exists that can fully resolve them.Issues that are intractable, By any algorithm, these issues are theoretically intractable. With a yes-or-no response, the halting problem is an intractable decision problem. A computer is incapable of knowing whether it is stuck in an endless loop or will eventually come to an end.An algorithm is unable to resolve undecidable problems. By any algorithm, these issues are theoretically intractable.To learn more about algorithm refer to:
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How many types of economic systems are there name them and explain the ways to solve economic problems under these systems?
Economic systems can be broadly categorized into four categories: traditional economies, command economies, market economies, and mixed economies.
Describe the economic system.An economy system is a mechanism used by communities or governments to coordinate and distribute resources, services, etc goods throughout a territory or nation. Economic systems control the production factors, including land, capital, and labor.
What exactly is a command economy?Economic command system: A command economy, sometimes referred to as a planned economy or indeed an effects are mainly, is one in which the main economic choices are made by a centralized authority, typically a government.
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how can you get back to your track/shedule once you break your consistently?
Answer:
To get back into the habit of something takes a little bit. First you must start to remember to do that thing at the correct time, so I reccomend setting an alarm or timer for it. Once you remember it, make sure not to break the habit unless absolutely necessary. If you break it again and need to get back to it, repeat the above steps.
I hope this helps.
Answer:here are seven strategies that you can use to get back on track and bounce back right now…
Explanation:
1. Schedule your habits into your life.
2. Stick to your schedule, even in small ways.
3. Have someone who expects something of you.
4. Focus on what you can work with.
5. Just because it’s not optimal, doesn’t mean it’s not beneficial.
6. Design your environment for success.
7. Care.
Agency theory examines the relationship between the Multiple Choice shareholders of the firm and the firm's investment banker. owners of the firm and the managers of the firm. board of directors and large institutional investors. shareholders and the firm's transfer agent.
The correct answer is option B i.e. owners of the firm and the managers of the firm. If a department is operating efficiently, a Manager or Supervisor supervises the team members inside that division.
What do managers mean?A manager is a qualified someone who leads an organization and oversees a group of personnel. Managers frequently oversee a certain department within their organization. There are many different kinds of managers, but they typically have responsibilities including making decisions and conducting performance reviews.
Why are managers crucial?Simply said, firms wouldn't succeed without managers. By creating growth with high-performing teams, managers play a significant role in the sector. Overall, managers will always be a key component of every organization because of their involvement in activities like hiring and training new personnel as well as decision-making.
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There are economic concerns surrounding the products that have been genetically engineered for particular traits, including pharmaceutical products, crops, and enzymes used in manufacturing processes. What are the proposed economic concerns that affect society
The change of the original gene is the economic worry that society has with products that are genetically engineered for certain qualities, such as medications, crops, and enzymes used in industry and industrial processes.
Which one of the following describes a genetic engineering disadvantage?There are occasionally dormant routes in plants that lead to toxic substances. Genetic engineering has the potential to revive these latent processes, which would also increase the levels of dangerous compounds in the plants.
What benefits and drawbacks does genetic engineering offer to our culture?It was feasible to generate crop kinds that were thought to be "more advantageous" thanks to genetic engineering. Contemporary genetic modification is more gene-specific than selective breeding. The potential for selective breeding to produce undesirable features is one of its drawbacks.
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What are examples of discretionary expenses?
Discretionary expenses are those that are not necessary for everyday life and are not required by law. Examples of discretionary expenses include entertainment, travel, hobbies, dining, clothing, gifts, and home renovations.
Discretionary expenses can add up quickly and can be difficult to manage, especially if you don't have the funds to cover them. It's important to remember that while discretionary spending isn't necessary, it can increase the quality of your life and make it more enjoyable. It is important to find a balance between spending on essential expenses and spending on discretionary expenses. To help manage your discretionary spending, consider setting a budget and tracking your expenses.
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What balance in retained earnings will the combined entity report immediately following the combination?
Balance sheet total means the aggregate of the amounts shown as assets in the company's balance sheet (that is before deducting both current and long-term liabilities).
What is combined balance sheet total?Similar to a single firm, the ending balance sheet of the consolidated retained profits is equal to the beginning amount plus the consolidated net income less the consolidated dividends. The consolidated retained earnings statement may only reflect dividends paid to the consolidated entity's owners. The balance sheet are determined by adding net income to the previous term's retained earnings (or deducting net losses from them), and then deducting any net income dividends paid to shareholders. At the conclusion of each accounting period (monthly, quarterly, or annually), the amount is determined.By combining the average daily balances of qualified linked deposit accounts for each particular cycle, your monthly combined amount is determined.To learn more about balance sheet from the given link
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The balance in retained earnings, the combined entity would reflect immediately after the business combination, is 300,000
What is a statement of retained earnings?Retained earnings is a term used to describe a company's past profits that have not been paid out as dividends. Appears in the equity section of the balance sheet. This is a measure of all profits the company has made since its inception. Retained Earnings is the net profit that a company holds for itself. Example: If your company paid a dividend of $2,000, your retained earnings would be $1,600.
Is retained earnings an asset or a liability?You can use your retained earnings to buy assets, but they are not assets. Retained earnings is actually considered a liability to the company as it is the amount allocated to pay the shareholders upon sale or acquisition of the company.
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Select all of the benefits to buying a home.
Answer:
The value of the home generally increases over time
The quality of your home increases
Once the mortgage is paid in full you own the home
You can make improvements in the place
Brad ha a jar containing 50 coin. He ha 5 cent, 10 cent and 25 cent in the ratio 5:3:2
a. How many coin of each value doe he have?
b. How much money doe he have in total?
A penny is equal to one cent. A nickel is 5 cents in value. 10 cents are equal to one dime. 25 cents are equal to one quarter.
How much money doe he have in total?A penny is equivalent to one hundredth of a dollar. In other terms, a dollar is equivalent to $100. Here are the most common American coins that you should be aware of when counting money.
Every one of these coins is valued in cents. With a 24-hour trading volume of not available, the current live 1Coin price is $0.000866 USD. We continuously update our ONE to USD exchange rate. One of the most expensive coins in circulation today is a 1975 No-S proof Roosevelt dime. Only two specimens are known to exist.
Nearly half a million dollars were made from the most recent sale, which brought around $456,000. $100 is equal to 10,000 cents. Pennies are equal to dollars, and 100 times 100 equals 10,000.
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Taryn is 16 years old in a state where the age of majority is 19. Taryn plans to begin working at a restaurant next week. Her parents are willing to let her use one of their cars, but she wants her own car. If Taryn buys a car for fair market value, would she be able to return the car and get a full refund
Since Taryn is a minor does have special contractual rights when he purchases necessaries. In this case Taryn does not really need the car since his parents have offered the use of car.
The car dealer could not legally refuse to take the car back and must return Taryn's money.
Fair market value:The fair market value of a piece of property is the price at which it would change hands between a willing and informed buyer and seller. The term can be found throughout the Internal Revenue Code, as well as in numerous state laws, bankruptcy laws, and regulatory bodies. In real estate, a property's determined fair market value (FMV) is the price it will sell for on the open market. A willing buyer and seller who are both reasonably knowledgeable about the property in question agree on the FMV.
How significant is fair market value?Parties can agree on a fair market value provided certain conditions are met. It usually takes place in legal settings and implies free and open market activity. Insurance companies and tax authorities use it extensively.
Question is incomplete . Missing part is:
Taryn is 16 years old in a state where the age of majority is 19. Taryn plans to begin working at a restaurant next week. Her parents are willing to let her use one of their cars, but she wants her own car. If Taryn buys a car for fair market value, would she be able to return the car and get a full refund. Explain the answer.
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In November 2020, Ben and Betty (married, filing jointly) have a long-term capital gain of $54,000 on the sale of stock. They have no other capital gains and losses for the year. Their ordinary income for the year after the standard deduction is $72,500, making their total taxable income for the year $126,500 ($72,500 $54,000). What will be their 2020 total tax liability assuming a tax of $8,308 on the $72,500 of ordinary income
The value you receive when you sell or exchange a capital asset is typically equal to the asset's "basis" less your taxable capital gain.
What is the tax rate on capital gains?Assets kept for more than a year are subject to long-term capital gains tax. Depending on your income, you may be subject to long-term capital gains taxes at a rate of 0%, 15%, or 20%. Typically, these rates are significantly lower than the conventional income tax rate.Taxes on capital gains are only owed when an investment is sold. Only "capital assets"—stocks, bonds, digital assets like cryptocurrencies and NFTs, jewelry, coin collections, and real estate—are subject to capital gains taxes. Profits from investments held for longer than a year are subject to long-term gains tax.More In Support. If you sold your primary residence and realized a capital gain, you might be able to exclude up to $250,000 of that gain from your income.
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which fraction is greater? a)3/18,2/6
Answer:
2/6
Explanation:
3/18 = 1/6
2/6 = 1/3
a third is greater than a sixth
________________is a trading strategy that seeks to capitalize on an anticipated decline in the price of a stock.
Short selling is a trading technique that aims to profit from a stock's expected price decrease. Hence, the correct answer is Short selling.
What exactly is short selling?A short sale is an investing or trading technique that bets on the price of a stock or other security falling. It is a sophisticated method that should only be attempted by seasoned traders and investors.
Short selling is the borrowing of shares of a stock or other asset that the investor expects to lose value. Following that, the investor sells the borrowed shares to buyers willing to pay the market price. The trader is betting that the price will continue to decline and they will be able to purchase the shares at a lower cost before the borrowed shares have to be returned. The risk of loss on a short sale is potentially infinite because the price of any asset might rise endlessly.
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