in principle, the large stock of reserves outstanding should result in the fed funds rate equaling the interest on excess reserves (ioer)

Answers

Answer 1

The large stock of reserves outstanding should result in the fed funds rate equaling the interest on excess reserves if the commercial banks will be indifferent between the two options.

When the Federal Funds Rate is higher than the Reserves Rate banks seek to increase their return on funds by withdrawing funds from reserve accounts at the Federal Reserve and lending those funds on the Federal Funds Market.

When the Federal Reserve raises interest rates the market price of existing bonds immediately falls. New bonds will soon hit the market, offering higher interest payments to investors. Paying interest on bank reserve balances is a common monetary policy tool available to major central banks.

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Related Questions

In the current year, Norris, an individual, has $50,000 of ordinary income, a Net Short Term Capital Loss (NSTCL) of $10,000 and a Net Long Term Capital Gain (NLTCG) of $2,800. From his capital gains and losses, Norris reports: A) an offset against ordinary income of $10,000
B) an offset against ordinary income of $3,000 and a NSTCL carryforward of $7,000.
C) an offset against ordinary income of $2,800 and a NSTCL carryforward of $7,200.
D) an offset against ordinary income of $3,000 and a NSTCL carryforward of $7,200.
E) an offset against ordinary income of $3,000 and a NSTCL carryforward of $4,200.

Answers

From his capital gains and losses, Norris reports:

an offset against ordinary income of $3,000 and a NSTCL carry forward of $4,200.

Capital is a vast term that can describe something that confers cost or advantage to its owners, including a manufacturing unit and its machinery, highbrow property like patents, or the economic belongings of a commercial enterprise or an individual.

A benefit is an increase inside the price of an asset even as a loss refers to the lack of value. each profits and losses can be divided into found out and unrealized. buyers understand a gain or a loss when they promote an asset, except the found out charge suits precisely what they paid.

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In Kerberos, the ______ decrypts the ticket and authenticator, verifies the request, and creates ticket for requested server.

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In Kerberos, the ticket-granting server (TGS) decrypts the ticket and authenticator; verifies the request; and creates a ticket for the requested server.

A ticket-granting server (TGS) refers to a logical key distribution center (KDC) component, which is used by the Kerberos protocol as a trusted third party. A ticket-granting server validates the use of a ticket for a particular purpose, such as network service access or server. It means that a user authentication token is issued by the key distribution center that is then used to request access tokens from the ticket granting service for specific systems/resources joined to the domain.

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The part of the package that contains the presentation of information on a product is called a
O a. trademark.
O b. warranty statement.
O c. brand.
O d. label.
Oe. Universal Product Code.

Answers

Answer:

Label

Explanation:

Label is a component of a packaging that house presentation of information about a product

Deepwell Drilling Service and Eco-Farm, Inc., agree to have their dispute resolved in arbitration. The arbitrator makes an erroneous finding of fact. This is a ground for a court toO refuse to review the case. O review only the questions of law in the cases. O review the sufficiency of the evidence supporting the facts decided by the arbitrator. O set aside the award.O do nothing

Answers

The arbitrator makes an erroneous finding of fact review the sufficiency of the evidence supporting the facts decided by the arbitrator. Arbitration is a procedure.

Which a dispute is submitted to one or more arbitrators who, by agreement of the parties, render a binding decision on the dispute. Instead of going to court, the parties choose arbitration as a private dispute resolution procedure. Arbitration serves four purposes: it settles contractual disputes between management and labour, it addresses the interests of different parties in bargaining situations such as public sector labour relations, it settles litigated claims through court-annexed programmes, and it settles community disputes. Arbitration is a method of alternative dispute resolution in which the parties agree to have their case heard by a qualified arbitrator outside of court.

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T/F According to Ernest Bormann and colleagues, group leaders are chosen immediately through a process of rapid ascension to power.

Answers

False

His statement is wrong. Because the group leader is elected only through the voting of its members.

Voting is a decision-making method using formal voting by counting the votes of the people involved in an event with the consideration that deliberation and consensus cannot be carried out again in making decisions. Voting is a joint decision-making by voting for trial participants. Given the weaknesses and strengths of the various voting types, there is no one best voting type. Therefore its use can be adjusted to the conditions of the participants and the problems to be resolved by a voting mechanism.

Thus a brief description of the meaning of voting, terms, types and examples. What needs to be remembered is that to be a good citizen, one must have the courage to convey one's choices or opinions in any way and also in an honest way and not be influenced by coercion.

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central to agency theory is the relationship between two primary players, the principals (stockholders) and agents (management). True or False ?

Answers

i think the correct answer is true

the purpose of the statue of frauds is to ensure that, for certain types of contracts, there is reliable evidence of the contracts and their terms.

Answers

The goal is to stop fraud and other wrongdoing.

What does the Statute of Frauds quizlet aim to accomplish?

The intention was to prevent anyone from falsely claiming that a contract covered by the act had been entered into based on fabricated oral testimony, as well as for judicial economy. CON: Enforcing a written agreement could nullify an oral one.

What does the law hope to achieve?

The act, which "covers all things confided to the authority of an agency or department," is seen as attempting to safeguard both the functioning and integrity of the government. Rogers v. United States, 466 U.S. 475, 479 (1984).

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In economics, the short run is the time frame in which the quantities of ____ and the long run is the period of time in which ____.

Answers

In economics, short run is time frame in which the quantities of quantities of some factors of production are​ fixed; and long run is period of time in which quantities of all the factors of production that can be varied.

What is production?

Production is the process of mixing several inputs, both material (like metal, wood, glass, or polymers) and immaterial (like plans, or information) in order to produce output. A valuable good or service that enhances people's utility will be this output's ideal form. Production theory is the branch of economics that focuses on production; it is closely tied to the consumption theory of the economy. Utilizing the first inputs productively leads directly to the manufacturing process and results. Land, labor, and capital are regarded as the three major production components and are known as primary producer commodities or services. These essential ingredients do not substantially change during the output process or turn into a complete part of the final product.

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gabby decides to respond to the kind care text in the hopes of winning a scholarship. by doing so, she has entered the
a. encoding process.
b. communication channel.
c. noise loop.
d. decoding process.
e. feedback loop.

Answers

Last one is the right response. It is very evident from the facts provided that Gabby's assertion that she has entered a feedback loop is true.

Encoding is the process of converting ideas into language. The message is transmitted by the encoder using a "medium" such a phone call, email, text message, in-person meeting, or other communication method.

Noise loop is most likely to blame if there is a discrepancy between the message sent and the message received.

Communication channel is medium that carries message.

The process of using a result to direct future behavior is known as a feedback loop. In terms of marketing for businesses, this is communicating with and listening to your clients, then using the data you gather to continuously develop new products or improve existing ones.

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Bob connects to his bank's SSL-protected website. The browser reports that the site's domain name does not match the domain name in the SSL certificate. Which of the following may be true? Select all that apply.
The bank might use two or more domain names on its site, and Bob used a URL that doesn't match the name in the certificate.
A hacker may have set up a site whose domain name masquerades as the bank; the certificate contains the name of a different site the hacker owns.

Answers

In the above case

The bank might use two or more domain names on its site, and Bob used a URL that doesn't match the name in the certificate.A hacker may have set up a site whose domain name masquerades as the bank; the certificate contains the name of a different site the hacker owns.

Hence, both of these apply.

One of SSL's primary functions is to encrypt data, which shields you from hackers and data skimmers. Data that has been encrypted can only be decrypted by an authorized person, such as a server or browser. Credit card transactions, IDs, passwords, etc. mostly use this.

An SSL certificate is required for a website in order to protect user information, confirm the site's ownership, stop hackers from building a fake version of the site, and win over users. SSL/TLS encryption is made possible by the pairing of public and private keys that SSL certificates make possible.

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Examining evidence on the impacts of increases in state minimum wages in New Jersey and California, card and krueger found

Answers

After the inspection, the results appear. The result is no evidence of reduced employment.

Inspection is an examination involving tests, and measurements made based on certain characteristics related to the object of inspection. Inspection is performed to check the object to ensure that the object meets certain standards. When an inspection is carried out, it is necessary to ensure that nothing is wrong or violates the law. Inspections can be carried out on products to be marketed, an organization, to buildings.

Inspection Purpose

Improve quality.Prevent problems caused by poor quality and reduce complaints.Provide notice to management before a problem becomes serious, so that management and the board of directors can take further action.

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Accounting Equation
Jan Petri is the stockholder and operator of Galaxy LLC,
a motivational consulting business. At the end of its
accounting period, December 31, 20Y2, Galaxy has
assets of $552,000 and liabilities of $132,000. Using the
accounting equation, determine the following amounts:
a. Stockholders' equity as of December 31, 20Y2.
LA
X
b. Stockholders' equity as of December 31, 20Y3,
assuming that assets decreased by $105,000 and
liabilities decreased by $32,000 during 20Y3.
A
X

Answers

The Stockholders' equity as of December 31, 20Y2 is $420,000.

The Stockholders' equity as of December 31, 20Y3 is $347,000.

What is the Stockholders' equity as of December 31, 20Y2?

Stockholders' equity mean the assets remaining in a business once all liabilities have been settled. It is calculated by subtracting the total liabilities from total assets or by taking the sum of share capital and retained earnings, less treasury stock.

The General accounting equation is "Total assets = Total stockholder equity + Total liabilities"

The total stockholder equity is:

= Total assets - total liabilities

= $552,000 - $132,000

= $420,000

In case of decrease in assets and liabilities, the total stockholder equity is:

= Total assets - total liabilities

= ($552,000 - $105,000) - ($132,000 - $32,000)

= $347,000.

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The business impact analysis (BIA) identifies the resources for which a business continuity plan (BCP) is necessary. a. Trueb. False

Answers

Answer:

a

Explanation:

this is for safety reasons

Transfer pricing exists when one division of a company produces a product that can be used in the production by a different division. A. TrueB. False

Answers

The transfer price is revenue to the selling division and cost to the buying division. The given statement is true.

What is transfer price?

Transfer pricing in taxation and accounting refers to the guidelines and procedures for valuing transactions within and between businesses that share ownership or control.

When one division of a company produces a good that another division can use in production, transfer pricing exists. The selling division receives revenue from the transfer price, and the buying division incurs costs. The absolute maximum price that can be accepted is the minimum transfer price.

The price that is charged when one department of a company sells products or services to another department. the cost that one division levies. For a middleman, another division of the same business.

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of the following types of government spending, which are discretionary and which are mandatory components of a government budget?a. A new interstate highwayb. Medicarec. International aid

Answers

(a) New interstate highway is an example discretionary component of budget.

(b) Medicare & international aid is an example of mandatory component of budget.

What are discretionary and mandatory component of budget?

Discretionary component: Spending that is subject to the appropriations process, in which Congress sets a new funding level each fiscal year (which starts on October 1st), is referred to as discretionary spending.

Roughly one-third, or roughly $1 trillion, of the federal government's activities are funded through appropriations legislation.

Mandatory component: All spending that does not occur through appropriations legislation is referred to as mandatory spending. Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. About two-thirds of all federal spending is accounted for through mandatory spending. Mandatory expenditure typically, but not always, is ongoing; it happens every year absent a change in the underlying law that supplies the cash.

(a) Spending that is discretionary is spending that must go via the appropriations process.

The construction of a new interstate is an optional component.Mandatory component of MedicareThe optional component of international aid.

Spending that is mandated by laws other than yearly appropriation acts is referred to as mandatory spending.

Medicare was introduced in 1965.

(b) Mandatory expenditures

Explanation-Due to new entitlements like Medicare and Medicaid, the earn income tax credits, and the child tax credit, the United States spends up to 61% of its annual budget.

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A ______ is a general term encompassing mutual savings banks, savings and loan associations, and credit unions.

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Mutual savings banks are a trendy time period encompassing mutual savings banks, savings and loan institutions, and credit score unions.

The term financial institution refers to FDIC-insured banks, mutual savings banks, savings banks, and savings associations; federally insured credit unions; non-federally insured banks, credit score unions, and thrift institutions; businesses and branches of overseas banks; and Federal home mortgage bank (FHLB) participants.

They're often together held (regularly known as mutual savings banks), which means that the depositors and borrowers are individuals with voting rights, and have the potential to direct the financial and managerial dreams of the agency like the participants of a credit score union or the policyholders of a mutual coverage enterprise.

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What is a taxpayer’s maximum expected contribution toward health insurance coverage whose premium does not exceed the premium for a benchmark plan purchased through an ACA marketplace in 2022?

Answers

Answer:

The maximum expected contribution toward health insurance coverage that a taxpayer may be required to pay in 2022 depends on several factors, including their income level and the size of their household. The premium for a benchmark plan purchased through an ACA marketplace, also known as the Affordable Care Act (ACA) marketplace, is used to determine the amount of the premium tax credit that a taxpayer may be eligible to receive. The premium tax credit is a financial assistance program that helps eligible individuals and families afford health insurance coverage.

The premium tax credit is based on the difference between the premium for the benchmark plan and the taxpayer's expected contribution toward the premium. The taxpayer's expected contribution is based on their income level and the size of their household, as determined by the Federal Poverty Level (FPL). If a taxpayer's income is below 400% of the FPL, they may be eligible for a premium tax credit.

Explanation:

For example, if a taxpayer's income is below 100% of the FPL and they are part of a household of one, their expected contribution toward the premium for a benchmark plan purchased through an ACA marketplace in 2022 may be no more than 2% of their income. If their income is between 100% and 200% of the FPL, their expected contribution may be no more than 4% of their income. If their income is between 200% and 300% of the FPL, their expected contribution may be no more than 6.4% of their income. If their income is between 300% and 400% of the FPL, their expected contribution may be no more than 8.5% of their income.

It's important to note that these are just estimates, and the actual amount that a taxpayer is required to contribute toward their health insurance coverage may vary. It's always a good idea to check with the ACA marketplace or a qualified tax professional for more specific information about your situation.

A taxpayer's estimated maximum payment for health insurance coverage in 2022 will depend on a number of variables, including their income level and the size of their household.

What is health insurance?

A corporation and a customer enter into a contract for health insurance. In exchange for the payment of a monthly premium, the corporation offers to cover all or part of the insured person's medical expenses.

The contract, which is typically for a year, outlines the precise costs linked to disease, injury, pregnancy, or preventative treatment that the insurance will be liable for covering.

Certain services provided without prior authorization may not be covered by insurance companies. If a generic version or a similar drug is available for less money, they may decline to pay for name-brand pharmaceuticals.

These guidelines should all be included in the documentation that the insurance provider provides. Before making a significant investment, it is wise to check with the company directly.

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Which of the following concepts were considered in Gradjelick v. Hance, the case in the text in which the plaintiff alleged that the landlord exacerbated a fire caused by another tenant smoking, by failing to maintain the premises?O The court articulated the test for per se code violations.O The court considered how a rent escalation clause would impact the landlord-tenant relationship.O The court ruled that by failing to act to protect the plaintiff, the landlord was liable to the plaintiff for breach of the covenant of quiet enjoyment.O The court ruled that only because the lease itself placed a duty of quiet enjoyment on the landlord, the landlord had a duty to control the actions of the upstairs tenant.O The court contemplated the issue related to a landlord's lien in the context of the case.

Answers

The plaintiff alleged that the landlord exacerbated a fire caused by another tenant smoking, by failing to maintain the premises is :

A)The correct answer to this question is the last option an illegal alteration. This is because she has illegally cut down the tree.

B)The correct answer to this question is the second option. This is because, in most states, tenants cannot make alterations or changes that affect the condition of the premises, without the landlord’s consent.

C)The correct answer to this question is the second option. This is because this clause means that the premises are fit for ordinary residential purposes.

D)The correct answer to this question is the Last option. This is calculated because the court contemplated the issue related to a landlord's lien in the context of the case.

E)The correct answer to this question is the Fourth option A protection lien. This is because this law references a landlord's right in some states to some or all of the tenant's personal property in the event that a tenant refuses to pay rent.

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The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage.a. Trueb. False

Answers

The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage. This statement is true.

What Is Arbitrage?

The arbitrage approach, used in foreign exchange trading, allows investors to lock in profits by simultaneously buying and selling the same security, good, or currency on two different marketplaces. By using this strategy, traders can profit from the disparities in pricing for the same asset across the two different regions that are represented on each side of the trade.

Arbitrage is the practice of purchasing an underpriced security and selling an equivalently-priced asset until the prices converge. Trading on illegal insider knowledge may result in abnormal profits even if the efficient market theory is accurate in a semi-strong sense.

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_____ protects you against financial loss when your car damages other vehicles, street signs, or buildings. A. Bodily injury liability
B. Comprehensive physical damage
C. Property damage liability
D. No-fault insurance
E. Assigned risk coverage

Answers

Option A is correct. When you choose for collision damage auto insurance plan coverage, the fee of repairs to your car that has been broken is reimbursed.

To determine the cost of collision coverage, its age and Insured Declared Value are taken into account to arrive at the premium.

What is first and 0.33 birthday party insurance?

A third celebration in an insurance coverage can be anyone. To specify, it can be any man or woman or property that receives affected by the first party's vehicle. Coverage. First-party insurance plan covers the damages or losses induced to the policyholder or his/her vehicle, alongside with third-party liabilities.

Physical damage insurance covers damage to the insured auto in opposition to many conditions like theft, fire, accidents, calamities, etc. and the collision cover gives insurance against injury due to the auto colliding with some other object. This is the fundamental difference between physical harm cowl and collision cover.

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Which sentence in the paragraph conveys the main idea of the letter?

I would like to apologize for the lost package. I understand your frustration. You are absolutely right to complain about it. We value and hope to keep your business. I assure you that this is an unusual incident. Please allow me to issue you a $500 prepaid gift card to compensate for the lost order.

A.
I would like to apologize for the lost package.
B.
Please allow me to issue you a $500 prepaid gift card to compensate for the lost order.
C.
I assure you that this is an unusual incident.
D.
You are absolutely right to complain about it.

Answers

The sentence in the paragraph that conveys the main idea of the letter is A. I would like to apologize for the lost package.

What is the main idea ?

The main idea of a paragraph can be described as the  primary point or concept that the author wants to communicate to the readers about the topic.

From the text we can see that the writer syays that I would like to apologize for the lost package and  I understand your frustration. You are absolutely right to complain about it which implies that he was apologizing.

Therefore, option A is correct.

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Clearly explain how a tour guide can use four methods of communication in executing duties

Answers

A tour guide can use the methods of communication in executing duties by efficiently and effectively communicating with the visitors.

What exactly is communication?

Communication is simply the process of sending a message from the sender to the receiver via a specific medium. A good tour guide is articulate, easy to understand, and has the physical ability to command attention and project their voice across potentially large crowds.

The methods of communication include verbal, non-verbal, written, and visual. They should also be able to communicate one-on-one, respond to questions calmly, and remain approachable even under duress.

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What is the best choice for how ordinary life insurance differs from term life
insurance?
A. Term life insurance has higher premiums.
B. Term life insurance usually has lower premiums.
C. Ordinary life insurance lasts for a specified term.
D. Ordinary life insurance can be renewed at higher rates.

Answers

Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments. Whole-life premiums can cost five to 15 times more than term policies with the same death benefit, so they may not be an option for budget-conscious consumers.

Net Present Value Method and Internal Rate of Return Method for a service company
Keystone Healthcare Corp. is proposing to spend $139,360 on a six-year project that has estimated net cash flows of $32,000 for each of the six years.
a. Compute the net present value, using a rate of return of 12%. Use the table of present value of an annuity of $1 presented above. If required, round to the nearest dollar. Use the minus sign to indicate a negative net present value.
Present value of annual net cash flows $fill in the blank 1
Less amount to be invested $fill in the blank 2
Net present value $fill in the blank 3
b. Based on the analysis prepared in part (a), is the rate of return (1) more than 12%, (2) 12%, or (3) less than 12%?
c. Determine the internal rate of return by computing a present value factor for an annuity of $1 and using the table of the present value of an annuity of $1 presented above.
fill in the blank 5 %

Answers

(a)  The Net present value at 12% is $364,256.00, (b) Based on the analysis prepared, the rate of return is lower than 12%. Option B.  (c) The international rate of return  is 44% and Present value of annuity is $2033.30

How to determine the NPV?

We should know that net present value (NPV) is a  series of cash flows occurring at different times.

Let us use the table to determine the NPC

Year         CF         DF(12%)     PV          DF(10%)        PV

1          32000         0.893   28576           0.909     29088

2         32000         1.690    54080           1.736       55552

3          32000         2.402    7664           2.487        79648

4          32000         3.037    97184           3.170         101440

5          32000         3.605    115360         3.791          121312

6          32000          4.111      131552          4.355        139360

Total                                       503616                         526400

                                                               12%                10%

PV of annual net cashflow            503616            526400

Less amount to be invested           139360            139360

Net Present Value                          364256            387040

Internal Rate of Return

IRR  =  LR + [tex]\frac{NPV_{LR} }{NPV_{LR}-NPV_{HR} } *HR-LR[/tex]

Where

IRR= Internal Rate of Return

LR= Lower rate

HR= Higher rate

NPV= Net present value

Applying the formula

IRR=0.1+[tex]\frac{387040}{387040-364256} *0.12-0.10[/tex]

Simplifying the expression to get

IRR= 0.10+[tex]\frac{387040}{22784} *0.02[/tex]

IRR=0.44*100

IRR=44%

Present Value of Annuity.

A.= [tex]\frac{P}{CDF}[/tex]

Where

A=Annuity when constant sum is given

P=Principal sum/Present value

CDF= Cumulative discount factor at the rate given over the entire period

A= 32000/15.738

A. = $2033.30

Therefore the Annuity is $2033.30

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A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates: O Law of demand O Law of supply Change in Supply O Change in Demand.

Answers

Answer: Change in demand

Explanation:

Clarence Danvers is buying a Cinnabon franchise at the airport in Tulsa. Danvers knows that he will get all of the following benefits EXCEPT:
a)national advertising
b) a proven track record
c) assistance in personal income tax preparation
d) standard goods and services
a set operating procedures

Answers

Clarence Danvers will receive all of the following benefits EXCEPT assistance in personal income tax preparation.

What is personal income tax preparation ?Personal income tax preparation is the process of preparing and filing an individual's personal income tax return. This involves collecting and organizing information about the individual's income, deductions, and credits, and using this information to calculate the amount of tax owed or the amount of refund that the individual is entitled to receive.Personal income tax preparation may be done by the individual themselves or by a tax professional, such as an accountant or tax preparer. There are many resources available to help individuals prepare their own tax returns, including tax software and online tools, as well as tax guides and instructions provided by the Internal Revenue Service (IRS) and other tax agencies.

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Independent wholesalers that buy goods from manufacturers on their own account and then resell them to other businesses are: A. brokers B. agents C. horizontal marketing systems D. merchant wholesalers E. vertical marketing systems

Answers

Independent wholesalers that buy goods from manufacturers on their own account and then resell them to other businesses are Merchant wholesalers.

A merchant wholesaler is a type of business that is involved in the selling of goods to other businesses, rather than to individual consumers. These businesses typically buy goods in large quantities from manufacturers or other types of suppliers and then resell them to smaller businesses or retail outlets.

A Merchant wholesalers is an independent wholesaler who can be either generalists, who sell a wide range of different products, or specialists, who focus on a particular type of product or market.

Hence, the correct option is "D".

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Refer to Table 2-5. Table 2-5 shows one set of production possibilities. Based on the values in the table, the production possibilities frontier is
a. bowed outward indicating increasing opportunity costs.
b. bowed outward indicating decreasing opportunity costs.
c. a straight line indicating constant opportunity costs.
d. bowed inward indicating increasing opportunity costs.

Answers

Bowed outward indicating increasing opportunity cost. (A) is the right answer.

Corn Marginal Wheat Marginal     Opportunity cost

2000      0            0             0                0.00

1600  400   700     700        1.75

1200 400           1300    600        1.50

800         400          1800    500        1.25

400  400         2200   400        1.00

0        400          2500   300        0.75

Opportunity cost = Marginal production of wheat / Marginal production of Corn

The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.

PPC will always bowed outside with Increasing opportunity cost and bowed inside for decreasing opportunity cost.

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when a deposited check is drawn against another bank the collection of that check will ___ the reserves and the checkable deposits of the bank from which it draws
reduces

Answers

The collection of a deposited check reduces the reserve and checkable deposits of the bank from which it is drawn when it is drawn against another bank.

What is meant by deposit?

Money stored at a financial institution is called a deposit within side the global of finance. A deposit is a deal wherein cash is given to a person else to hold safe. A part of cash used as safety or collateral for the transport of an awesome also can be called a deposit.

A deposit encompasses exclusive meanings. One sort of deposit entails a switch of price range to some other celebration for safekeeping. Using this definition, deposit refers back to the cash an investor transfers right into a financial savings or bank account held at a financial institution or credit score union.

Often, someone needs to deposit a sure amount of cash a good way to open a brand new financial institution account, recognized at the least deposit. Interest is decided with the aid of using what form of account the cash is deposited into—now no longer all checking bills earn interest, at the same time as maximum financial savings bills and certificate of deposit do.

Most banks will take deposits within side the shape of cash, checks, cash orders, or cashier's checks. If you are the use of a take a look at to open an account, there can be a keeping duration at the same time as the brand new financial institution waits for the take a look at to clear.

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christian pilgrimages influenced the development of church architecture for all of the following reasons except:

Answers

Except for the fact that pilgrims had to pay a fee to enter the churches, pilgrimage boosted the economic growth for each of the reasons listed below. endless doom.

Which pilgrimage is the world's oldest?

Mount Kailash near Tibet is regarded to be the world's oldest place of pilgrimage. A 52-kilometer trip around the mountain has been thought to bring good fortune for more than 15,000 years. This pilgrimage is often completed on foot in about a month.

What does "pilgrimage" mean exactly?

In quest of new or enlarged meaning about oneself, others, environment, or a higher good through the experience, a person embarks on a pilgrimage, frequently into an uncharted or foreign location. It may result in a private The pilgrim then resumes their regular life after their makeover.

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