a) under certain circumstances, a designated broker may be compensated by more than one party for real estate brokerage services in a real estate transaction. But this will depend on the specific circumstances of the transaction and the terms of the agency agreement between the designated broker and the parties involved.
Under Washington law, a designated broker may be compensated by more than one party for real estate brokerage services in a real estate transaction if all parties to the transaction consent to the arrangement and the terms of the compensation are fully disclosed. However, it is important to note that the designated broker has a duty to disclose any conflicts of interest that may arise as a result of being compensated by multiple parties. Additionally, the designated broker must ensure that the arrangement does not result in any unlawful steering of clients or other unethical conduct.
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leskar bank has $2 million in rate-sensitive liabilities and $3 million in rate-sensitive assets. leskar's gap ratio is .
leskar bank has $2 million in rate-sensitive liabilities and $3 million in rate-sensitive assets. leskar's gap ratio is 1.5.
What is gap ratio?How much profit is recorded depends on the ratio of a company's rate-sensitive assets to its liabilities.A company must divide the whole value of its interest-sensitive assets by the total value of its interest-sensitive liabilities to get its gap ratio. The company may display this quotient as a decimal or as a percentage once it obtains it.The primary instrument for identifying and managing interest rate risk across the whole bank is the Interest Rate Gap Report (IRGap). To assess and manage interest rate risk exposure, especially bank repricing and maturity imbalances, interest rate sensitivity (or interest rate gap) analysis is utilised.Gap ratio = rate-sensitive assets / interest-sensitive liabilities
= 3 / 2 = 1.5
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the amount of cash interest the borrower pays each year is based on the ________.
The amount of cash interest the borrower pays each year is based on the C) stated interest rate.
What is the stated interest rate?The effective interest rate, can be described as the effective annual interest rate, whioch is the effective rate is the percentage of interest on a loan or financial product in case it is been compounded as interest which accumulates over a year .
It should be noted that amount of cash interest the borrower pays each year is can be seen to be based on the stated interest rate.
Therefore, option C is correct.
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missing options:
A) market conditions on the day of payment
B) market interest rate
C) stated interest rate
D) effective interest rate
new e-commerce businesses, including companies like ebay, focus on voluntary exchange. which generalization best describes this type of commerce?
Decentralized decision-making results in buyers and sellers really engaging in generalization best describes this type of commerce.
As agencies got here on-line at some stage in the COVID-19 pandemic, the worldwide fashion in the direction of digitization surged beforehand at lightning speed. Even as areas start to reopen, ecommerce increase maintains climbing. Global ecommerce income is anticipated to reach $five trillion in 2022, and $6 trillion with the aid of using 2024.
Ecommerce is the shopping for and promoting of products or offerings at the Internet. It includes a huge type of data, structures and gear for on-line consumers and sellers, such as cellular buying and on-line charge encryption. There are a few quite most important examples of ecommerce agencies which have made it big, such as Amazon, FlipKart, eBay, and Myntra.
For consumers, it is simple to evaluate fashions on-line earlier than shopping for a handset of choice. As of July 2022, six hundred million smartphones had been bought throughout India, making it one of the maximum demanded merchandise in India.
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Answer: everyone on edge its CCCCC
Explanation:
a collective bargaining agreement is a. another term for a standard player contract. b. a statute that sets forth the rights of a player as a member of a team. c. an advising agreement between a player and an agent that is mandated by the players association. d. a contract for all players in the league covering their hours, wages and terms and conditions of employment.
Option C is the correct answer. A collective bargaining settlement (CBA) is a contract reached as a end result of negotiations between representatives of a union and the employer. For this CBA, it was the intention of the negotiating parties to meet the pastimes of each sides.
What is the purpose of a collective agreement?In summary, a collective settlement is a written settlement that sets out the: employment terms and stipulations for unionized employees (for example, wages, hours, working stipulations and benefits) rights, privileges and obligations of all people worried (the employer, union and employees)
What are the 4 types of collective bargaining?The primary kinds of collective bargaining encompass composite bargaining, concessionary bargaining, distributive bargaining, integrative bargaining, and productiveness bargaining.
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https://brainly.com/question/9775010#SPJ4on august 1, gnb enterprises signs a contract for insurance coverage for 12 months at $3,500 per month. the coverage begins on september 1. gnb pays $21,000 upfront on september 1 and will pay the remainder of the insurance at the end of the contract. what are the journal entries for gnb on september 1 and december 31?
According to the declaration, prepaid insurance for six months costs $21,000, while insurance that has lapsed through December 31 costs $14,000.
What do you mean when you say insurance?Insurance is a tool for risk management. You acquire protection against unforeseen losses incurred when we purchase insurance. If anything unpleasant happen to you, an insurance company compensates you or someone else of your choosing.
Briefing:Step: 1
The first record for GNB is as follows;
Prepaid Insurance = $21,000 (Dr)
Cash = $21,000 (Cr)
(To record insurance paid on September 1)
Insurance would be listed as prepaid because $21,000 was paid a fee for it.
Step: 2
Insurance expired for the period 1 Sep to 31 Dec (that is for 4 months):
Insurance expired = 3,500 * 4 = 14,000
Insurance will pay is $ 21,000 for a period of six months, and it expires after four months, from September 1 to December 31.
Step: 3
Journal entry on December 31 for GNB is prepared:
Insurance Expense = $14,000 (Dr)
Prepaid Insurance = $14,000 (Cr)
(To record insurance expired for 4 months)
Insurance expenditure will be recorded for any coverage that has expired.
Therefore, prepaid insurance for 6 months = $21,000
Expired insurance till 31 December = $14,000
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cush currently sells 14,800 pairs of shoes annually at an average price of $59 a pair. it is considering adding a lower-priced line of shoes that will be priced at $39 a pair. the company estimates it can sell 6,000 pairs of the lower-priced shoes annually but will sell 3,500 less pairs of the higher-priced shoes each year by doing so. what annual sales revenue should be used when evaluating the addition of the lower-priced shoes? multiple choice $27,500 $24,000 $31,300 $789,100 $900,700
Sales revenue will be considered when analyzing such a proposal $900,700 plus the previous revenue equals $873,200. $27,500 is the difference in the revenue increase.
Explain about the sales revenue?
Sales revenue is the money that a company receives through the sale of its goods or the provision of its services. In the context of accounting, the terms sales and revenue are frequently used to refer to the same thing. It's important to understand that revenue doesn't necessarily equal money received.
Revenue and sales revenue are frequently used interchangeably. Revenue, however, also includes money received from sources that aren't specifically related to the primary business, including interest from savings or dividend payments. The money earned from the selling of products and services is known as sales revenue. It is referred to as non-operating income in this context.
Current sales revenue is $59,4800, which equals $873,200.
If lower-priced shoes are also sold, the sales revenue will be as follow
Reduced cost = 6,000 $39 = $234,000
High price: 59 cents (14,800 minus 3,500), or $666,70
Total income is $900,700.
Since sales of shoes with cheaper prices also generated money that was more than the initial revenue. Sales will be completed.
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All else equal, compared to perfect competition, monopolies that produce goods and services pay a.
Answer:
lower long-run wage, and long-run employment is lower.
Explanation:
suppose this firm charges a price of $5 per unit of output and pays workers a wage equal to $160 per day. what is the value of the marginal product of labor for the fourth worker?
The marginal product of labour is $300.The marginal product of labor is one factor that is important to the labor market.
What is marginal product of labor?The marginal product of labor, also known as MPL, is the increase in total production that a company experiences when one additional unit of labor is added while all other factors of production stay constant.
To put it another way, the MPL is the extra output a business experiences after adding a new employee.
When recruiting new employees, the marginal product of labor (MPL) is always positive, but it seldom exhibits continuous returns.
As the workforce grows, the MPL always slows, forcing workers to share resources like machinery throughout production.
When adding a new employee would disrupt operations and reduce output, the MPL would turn negative.
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if you want to have most of your money by the end of your investment term to come from compound interest, which variables should you maximize?
Investment profits is the money you make from your investments. Different sorts of investments can generate distinct kinds of income. Interest earnings, dividends and capital gains are three frequent sorts of funding income.
How do I compound my money?For compounding to work, you need to reinvest your returns back into your account. For example, you invest $1,000 and earn a 6% charge of return. In the first year, you would make $60, bringing your total investment to $1,060, if you reinvest your return.
Investment income, money earned by way of monetary property or monetary accounts, comes in three fundamental forms: interest, dividends, and capital gains. Bonds generate interest; stocks generate dividends; and capital features (profits) can come from any investment
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https://brainly.com/question/27717275#SPJ4select all that apply what are the two criteria used to determine whether a contingent liability is reported in the financial statements?
The capacity to estimate the loss's magnitude and the likelihood of it.
What is the risk's likelihood and magnitude?Magnitudes of Likelihood The likelihood of each Unexpected Outcome occurring serves as a link between severity and risk. If a given outcome is more likely to occur, it has a higher risk, and if it is less likely, it has a lower risk.
How is the likelihood of a risk determined?The procedure: Risk severity is proportional to risk magnitude. Then, you could say that a risk magnitude of less than 15 is unacceptable and a risk magnitude of less than 5 is acceptable.
What does a risk assessment mean by likelihood?On a risk matrix, the probability of the most likely outcome occurring in the event of a hazard is referred to as likelihood. To put it another way.
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suppose a scientific report states that fish contain dangerously high levels of mercury (toxic to humans). at the same time, the price of diesel fuel, used by fishermen to fuel their boats, falls. what is the effect on the market for fish?
A dip in price but just an uncertain change in quantity due to a rise in supply and a decreased demand.
What is called market?Definition: The entire number of purchasers and sellers as in region or neighborhood under consideration is referred to as the market. World, as well as numerous nations, regions, states, and cities, may be the subject. The worth, expense, the cost of the goods traded depend on the demand and supply forces in the market.
What is market and its types?The market is a gathering place for both buyers and sellers where they can exchange goods and services. Markets might be real-world, like a physical store, or digital, like an online merchant. The black market, the auction market, and the financial market are more examples.
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dawn (single) purchased her home on july 1, 2010 and lived in it as her principal residence. on july 1, 2020, dawn moved out of the home. she rented out the home until july 1, 2021, when she sold the home and realized a $230,000 gain (assume none of the gain was attributable to depreciation). what amount of the gain is dawn allowed to exclude from her 2021 gross income?
Amount of the gain is Dawn allowed to exclude from her 2021 gross income is $230000.
Dawn is qualified for the full deduction of $230,000 since she lived in the house for more than two years as her primary residence and owned it for more than two years throughout the five-year period ending on the sale date.
What does gross income mean?
Your salary, dividends, capital gains, company revenue, retirement pay-outs, and other sources of income are all included in your gross income. Adjustments to income can be made for things like tuition costs, interest on student loans, or contributions to retirement accounts.
Are you paid a total gross income?
Net annual income is the amount you have left over after deductions, whereas gross annual income is your income before taxes. If you're a wage earner or a business owner, this subject is crucial, especially when it comes to submitting your taxes and applying for loans.
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gm is expected to pay a dividend of $2.00 in the coming year. dividends are expected to grow at the rate of 2% per year. the risk-free rate is 4% and the market risk premium is 5%. gm has a beta of 1.2. the value of the stock should be:
The value of the stock would be $25.
Required Return.
The price-to-earnings (P/E) ratio of the corporation is the most used method of stock valuation. The P/E ratio is calculated by dividing the stock price by the most recent reported earnings per share for the company (EPS). A low P/E ratio suggests that a company is offering an appealing amount of value to the person purchasing it.
Risk free rate + market risk premium x Beta
4 + 5x 1.2
10%
Expected dividend = 2
growth = 2%
Value of the stock = D1 / Re g
2 / 10% - 2%
$25
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identify the following as either causes or effects of domestication. keep in mind that some choices might be both causes and effects.
The causes of domestication are:
Natural climate change
Population growth
What does domestication mean in business?Domesticating a business includes relocating an established business to a new state. Domestication is the process of changing your company's residence and charter to a different state. When a company organization gets domesticated, its prior location is given up in favor of a new one in a state that permits it.
Domestication permits the business to keep its original date of incorporation, its current federal tax identification number, bank accounts, licenses, and lines of credit. Domestication is the process by which a business or nonprofit entity that is established, organized, or otherwise constituted under the laws of one jurisdiction (U.S. state or foreign country), transfers its domicile to another jurisdiction through merger, consolidation, or any other legitimate way.
The effects of domestication are:
Development of cities
Population growth
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Use this chart to answer the following questions.
QUARTER
DIVIDEND DIVIDEND FOR 55 SHARES
1 $.50/share 27.50
2 $.35/share 19.25
3 $.62/share
4 $.50/share 27.50
Total Dividends for 1 Year
What was the dividend paid for 55 shares of the stock during the third quarter?
The dividend paid for 55 shares of the stock during the third quarter is: $108.35.
What is dividend?Dividend can be defined as the amount that companies pays to their shareholder as profit.
Now let find the dividend:
Dividend= $27.50 + $19.25 + (55 ×$.62/share) + $27.50
Dividend= $27.50 + $19.25 + $34.10 + $27.50
Dividend= $108.35
Therefore the dividend is the amount of $108.35.
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which economic choke point allows goods to move from the interior of both the u.s. and canada to the atlantic ocean?
The Panama Canal is the economic choke point allows goods to move from the interior of both the US and Canada to the Atlantic ocean.
An economic choke point is a situation in which a key sector of the economy is unable to function properly due to a lack of key resources. This can often lead to a domino effect, whereby other sectors of the economy are also adversely affected.
A classic example of an economic choke point is the oil crisis of the 1970s, when a key resource (oil) became scarce and caused a ripple effect throughout the global economy.
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The Black Limo Company (BLC) purchased a limo on January 1 of Year 1. The limo cost $48,000. BLC expected to drive the limo for 100,000 miles before disposing of it. The limo had a $8,000 salvage value. Actual miles driven per year turns out to be 30,000 miles in Year 1, 40,000 miles in Year 2, 20,000 miles in Year 3, and 25,000 miles in Year 4. Based on this information, at the end of Year 2, the accumulated depreciation shown the balance sheet was
The accumulated depreciation shown the balance sheet was $10,00 (asset cost-salvage value) / useful life= depreciation expense.
Depreciation is a phrase used in accounting to describe two different elements of the same idea: first, the real decline in an asset's fair value over time, such as the annual decline in the value of factory equipment.
Depreciation rate for 12 months 2 = (Original Cost-Salvage value)/Total miles*Miles in Second 12 months
= (48000-8000)/100000*40000
Depreciation rate for 12 months 2 = 16000
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets. The tractor would depreciate by $5,000 annually if the straight-line depreciation technique were used, for a total of $20,000 in accumulated depreciation.
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the open-market committee of the federal reserve announced that it plans to sell more government bonds to the public. this action will likely:_____.
The open-market committee of the federal reserve announced that it plans to sell more government bonds to the public. this action will likely Federal Reserve.
A central authority is the gadget or group of people governing an prepared network, commonly a country. in the case of its huge associative definition, government commonly includes legislature, govt, and judiciary. government is a method by way of which organizational guidelines are enforced, in addition to a mechanism for determining coverage. In many nations, the government has a form of charter, a declaration of its governing ideas and philosophy. at the same time as all forms of groups have governance, the time period government is often used more especially to refer to the about 2 hundred independent national governments and subsidiary businesses.
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b. describe how staying on task, meeting deadlines, and utilizing feedback can each have a positive impact on reducing risk and promoting positive results in a group setting
The ways that staying on task, meeting deadlines, and utilizing feedback can each have a positive impact on reducing risk and promoting positive results in a group setting is given below.
The act of repeating the process (staying on task, meeting deadlines, and utilizing feedback ) be consistent until positive feedback is received. In this approach, focusing on the task at hand, making use of user feedback, and adhering to the deadline enhance performance, reduce risk, and benefit the group environment as well.What does proactive risk management entail?Managing risks entails maximizing people's freedom of choice and control over their life. Risk-taking can have good effects for individuals, enabling them to achieve things that other people take for granted, in addition to potentially harmful features. This is known as positive risk-taking.
Therefore, Risk management is a crucial activity because it equips a company with the tools it needs to effectively identify and manage potential hazards. It is simple to reduce a risk once it has been discovered.
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A company's _____ is the large-scale action plan that encompasses the company's vision and is used to create the direction for the business.
strategy
culture
forecast
structure
A company's approach is the large-scale movement plan that encompasses the company's imaginative and prescient and is used to create the route for the business.
The required details for Strategy in given paragraph
Strategy is a general plan to attain one or extra long-time period or overall dreams below situations of uncertainty. In the feel of the "art of the general", which protected numerous subsets of capabilities inclusive of navy tactics, siege craft, logistics etc., the time period got here into use within side the sixth century C.E. in Eastern Roman terminology, and changed into translated into Western vernacular languages most effective within side the 18th century. From then till the 20th century, the word "approach" got here to denote "a complete manner to attempt to pursue political ends. Strategy is essential due to the fact the assets to be had to attain dreams are normally limited. Strategy usually entails placing dreams and priorities, figuring out movements to attain the dreams, and mobilizing assets to execute the movements.
A approach describes how the ends (dreams) can be completed through the means (assets). Strategy may be meant or can come to be a sample of pastime because the corporation adapts to its surroundings or competes. It entails sports such as strategic planning and strategic thinking.
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last year you purchased a beach home for the bargain price of $450,000 with some random cash you were keeping in your nightstand. you earned net rental income of $23,000 over the year's time and the home is now worth $526,000. what is your annual rate of return on your investment?
Last year you purchased a beach home for the bargain price of $450,000 with some random cash you were keeping on your nightstand annual rate of return on your investment is22%
The annual rate of return =(worth now + net rental income-bargain price)/bargain price=($526000+$23000-$450000)/$450000
Sold at a low or lower-than-normal price selling or offering goods or services at bargain prices not intended for regular price or otherwise bargain price, or the price heard by the reader
She admitted she would have been reluctant to bargain if she had known. The deal closed within days and at a bargain price. I purchased that heritage building ten years before hers at an absolutely bargain price. But even at the bargain price of 99p, there were no takers yesterday.
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why is it a good idea to hire a hospitality designer for all but the very smallest renovation projects?
It a good idea to hire a hospitality designer for all but the very smallest renovation projects because designers know about the most current construction materials and technology.
What does building designers do?Designers often prepare, self-check, and maintain entire sets of construction drawings as well as guarantee that all projects comply with regulatory norms. They also provide architectural designs and construction documentation and offer technical assistance to contractors.A person with training in the planning, design, and supervision of building construction is an architect.Designers use their expertise to offer aesthetic value while assisting in the design of interior components such as space flow, influencing style, and material selection. While architects prepare precise drawings of the structure to make sure the building complies with all applicable codes.For the complicated architectural needs of their clients, project designers provide solutions. They are in charge of initiating and developing project concepts and plans, as well as making presentations and creating drawings.Learn more about building designers refer to :
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the aggregate demand curve group of answer choices has a negative slope. is always horizontal. is always vertical. has a positive slope.
The aggregate demand curve a) has a negative slope.
In the field of business, the aggregate demand curve can be described as a curve in which the demand for a product in the market is based on the changing price of the product in the market.
The aggregate demand curve is usually negative for every product. This is because when the price of a product in the market increases, the demand for the product decreases.
On the other hand, when the price of the product in the market decreases, the demand for the product increases. Due to this, the aggregate demand curve usually has a negative slope.
The question will correctly be written as:
The aggregate demand curve group of answer choices
a) has a negative slope.
b)is always horizontal.
c) is always vertical.
d) has a positive slope.
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ian maitland concludes that which party are in the best position to judge whether the wages offered are superior to their next best alternatives?
In "The Great Non-Debate over International Sweatshops" by Ian Maitland, he concludes that economists and ethicists in the 1st World are in the best position to judge whether the wages offered are superior to their next best alternatives.
An economist is a professional and practitioner within the social technological know-how field of economics. The character may take a look at, develop, and follow theories and concepts from economics and write about financial coverage. within this field there are many sub-fields, starting from the wide philosophical theories to the focused study of minutiae inside particular markets, macroeconomic evaluation, microeconomic evaluation or economic declaration evaluation, regarding analytical strategies and equipment inclusive of econometrics, records, economics computational fashions, financial economics, mathematical finance and mathematical economics.
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The new product process stage of ________ involves positioning and launching a new product in full-scale production and sales
The new product process stage of commercialization involves positioning and launching a new product in full-scale production and sales.
What is commercialization?
Commercialization is the process of bringing new products and services to the market. The broader act of commercialization includes production, distribution, marketing, sales, customer support, and other critical functions essential to the commercial success of a new product or service
Why is commercialization important?Commercialization gives customers a wider range of product choices and allows businesses to generate more revenue, increase efficiency and reduce costs. This is a critical process, as strategic and tactical decisions must be made. They affect the overall success of the product and the company.
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a company had a market price of $39.00 per share, earnings per share of $2.00, and dividends per share of $1.15. its price-earnings ratio equals:
The company's price to earnings ratio, given the market price and the earnings per share, is 19. 50 times.
What is the price to earnings ratio?The link between a company's stock price and earnings per share is known as the price-earnings ratio (P/E Ratio) (EPS). It is a well-liked ratio that helps investors understand the worth of the organization.
The price you must pay per unit of current earnings is shown by the P/E ratio, which also displays market expectations (or future earnings, as the case may be).
A high P/E ratio may indicate that a company's stock is overpriced or that investors anticipate rapid future growth rates.
The price to earnings ratio can be found by the formula :
= Market price of shares / Earnings per share
= 39 / 2
= 19.50 times
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Why should you notify your bank and credit card companies if you suspect you are a victim of identity theft?
They can freeze your accounts to help prevent loss.
They can freeze your Social Security number for you.
They can prosecute people who have stolen your identity.
They can ensure you get a job after the investigation
They can freeze your accounts to help prevent the loss, thus Option A is the answer.
as we notify the responsible institutions they will freeze your accounts, to prevent fraudulent activity that could be done with the account in name of the actual account holder, that targets your security as thief could make illegal payments which could be a national threat to your name . so it's important to notify banks to tell about the activities that are done in past days from your bank account.
Identity theft can be so brutal as your information could be transferred to illegal groups that can harm you, and cause you a very high financial loss which is not right.
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You should notify your bank and credit card companies if you suspect you are a victim of identity theft because they can freeze your accounts to help prevent loss. The correct option is A.
What is the difference between a bank and credit card?Your bank account is connected to your debit card. Unless you have an overdraft, which is a form of credit linked to your account, the money you spend or withdraw is typically yours. With a credit card, you have access to a pre-set credit limit through a separate account.
Your bank or credit card provider can act right away to safeguard your accounts and stop any unauthorized transactions after you report the theft. Your accounts may be frozen, your cards may be canceled, and new cards may be issued. By doing this, individuals can contribute to limiting the harm identity theft causes and stop further monetary loss.
Thus, the ideal selection is option A.
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Which monetary policy is expansionary? sales of government securities decreases in the discount rate increases in the federal funds rate increases in the prime rate
The monetary policy is expansionary in decreases in the discount rate. Thus the correct option is B.
What is monetary policy?The Federal Reserve's operations and disclosures are part of monetary policy in the United States and are designed to promote economic growth, moderate inflation, and reasonable long-term borrowing costs.
The main instruments central banks employ to expand monetary policy are reduced bank reserves, an increase in the purchase of government assets, and a decrease in the discount rate which helps in managing economic growth.
Therefore, option B is appropriate.
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the sale of licensed merchandise, items that display an event's name or logo, is beneficial for the event promoter for what type of event?
The sale of licensed merchandise, items that display an event's name or logo, is beneficial for the event promoter for whatever type of event Large, televised, multi-day events.
An event promoter is someone who organizes and promotes live events. They may be involved in all stages of the event, from pre-planning to post-event follow-up. Event promoters are often responsible for finding venues to host events, negotiating contracts, funding, and managing publicity, marketing, and promotions. They may also be involved in selecting performers, booking talent, and creating event-specific marketing materials.
In addition to planning and promoting events, event promoters must be knowledgeable in the areas of hospitality, customer service, public relations, and budgeting. Event promoters must also possess excellent communication and organizational skills in order to effectively communicate with all stakeholders, manage resources, and coordinate event logistics.
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On Mr. Casper’s debate team at Thunderbird High School, 20% of the members are Sophomores, 35% are Juniors and 45% are Seniors. A team member is selected randomly to give the closing argument for the team. If a sophomore gives the closing argument, the team has a probability of 0. 25 of winning the debate. If a junior gives the closing argument, the probability of winning is 0. 6. If a senior closes, the probability of winning is 0. 85
Here is a 63.25% for winning the debate given the student distribution and the chance of success of each type of student.
How are probabilities calculated?
Probability computation in mathematics has a wide range of applications. For example, probability may be used to anticipate sales growth or determine the possibility that a specific marketing strategy would be effective in luring in new customers. Mathematical formulae may also be used to determine the likelihood of something happening.
The probability formula determines the likelihood that an event will occur. The equation for calculating an event's probability uses the ratio of favorable outcomes to all other potential outcomes. The range of probabilities is always 0 to 1. The following is a representation of the general probability equation:
The ratio of favorable outcomes to all other outcomes is used to determine probability.
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