40.In an oligopoly game, each player tries to:
Select one:
a.
minimize the profits of its opponents.
b.
maximize its own profits.
c.
maximize its own market share.
d.
minimize the market shares of its

Answers

Answer 1

In an oligopoly game, each player tries to maximize its own profits. An oligopoly is a market structure in which only a few companies dominate the entire market. They can be regional or national, and some are even global. Their products and services can be identical or differentiated, which means that they are unique to each other. The primary goal of an oligopoly firm is to maximize its profits.

Therefore, each firm will try to establish some degree of control over prices by taking into account the expected response of their rivals to any price change. The four major characteristics of an oligopoly are the interdependence of firms, barriers to entry, the small number of firms, and the degree of non-price competition. Non-price competition can take many forms, such as advertising campaigns, price discounts, loyalty rewards, and more. The degree of competition in an oligopoly is relatively low, but it can still be intense at times. In conclusion, in an oligopoly game, each player tries to maximize its own profits.

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Related Questions

Interviews can be unreliable when interviewers are inconsistent across interviews making it difficult to compare one job applicants interview to anothers. how can we address those problems to improve Amazons interview process and decisions all while handling so many applicants and raising the bar with each new hire? 

Answers

Because of their inherent subjectivity, interviews might work against you when choosing employees. There are no unbiased criteria that may be used to evaluate the responses.

What is a interview?

A planned interaction in which one party asks questions and the other responds is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.

The interviewee answers the interviewer's questions by typically supplying information. Other audiences may utilize or receive that information right away or later.

This characteristic is common to many different types of interviews; even though there may not be any other people present during a job interview or an interview with a witness to an occurrence, the answers will still be given to other people later on in the hiring or investigative process.

Additionally, information can be passed back and forth during an interview.

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______ can be used to create complex layouts by making one image move behind another

Answers

The term that can be used to create complex layouts by making one image move behind another is 'parallax scrolling.'

Parallax scrolling is a technique in computer graphics and web design that creates an illusion of depth in a 2D environment of a website by moving multiple layers of images at various speeds. It is a technique used to create interactive and engaging websites.

A simple parallax scrolling effect can be achieved by making one background image move behind another.

In parallax scrolling, as the user scrolls, the images move at different speeds to create an illusion of depth, resulting in an engaging user experience. This technique can be used to create complex layouts and visually appealing websites.

Parallax scrolling is a great way to showcase products, services, or portfolios. It has become increasingly popular over the years and is now a common feature in website design.

Thus, the term that can be used to create complex layouts by making one image move behind another is 'parallax scrolling.'

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identify ten entrepreneur and classify them under the types of entrepreneur​

Answers

Answer: There are only five types of entrepenuer...

1. Skeptical entreprenuer: Sees the success of others and questions it.

2. Copycat entreprenuer: Sees the success of others and copys them exactly.

3. Research entrepreneur: They research every possible scenario and outcome for strategies to start or grow a business...

4. The determined entrepreneur: - hasn't made it yet- but will.

5. The accolmplished entrepreneur: Has gone through all types of entrepreneur and has built success from it.

Explanation: Hope this helps!

How has globalization affected the world since the mid-20th century?
O A. It has created constant inflation that has devastated the global
economy.
B. It has reduced trade between neighboring countries.
C. It has made economies around the world more connected.
D. It has improved environmental conditions in most countries.

Answers

Answer:

C

Explanation:

A P E X

The globalization merely affected the world since the mid-20th century is has made basically and gradually economies around the world more connected Option(c) is correct.

What does Globalization means?

Globalization in simple words we can say that migrating or the movement of the companies from merely one place to another for better growth opportunity and profits of the company.

As in the mid 20th century it was that globalization was at high peak it connected people and most of the organization and the companies around the world easily and there was availability more and more of high skill laborers at a low cost.

Therefore Option(c) is correct.

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How creamy is creamy

Answers

Answer:

creamy

Explanation:

Answer:

c r e a m

Explanation:

Nora is applying for a student loan to attend college. What is true? A) Her lender takes less risk with this type of loan. B) There is no collateral needed for this secured loan. C) The APR will be lower the first month of the loan. D) A higher interest may be associated with this unsecured loan. Help QUICK!!!

Answers

Answer:

D) A higher interest may be associated with this unsecured loan.

Explanation:

The secured loan is the loan in which collateral property is pledged while on the other hand the unsecured loan is the loan in which no collateral property is pledged

As in the given situation, the unsecured loan is higher riskier as compared with the unsecured loan. Moreover, in the unsecured loan the interest rate is high and it required high credit scores

Therefore the option D is most appropriate and fits to the current scenario

How can you save for retirement if you already have more expenses than you have income? Explain two things you can do.

Answers

To save for retirement when expenses exceed income, you can consider reducing your expenses and increasing your income.

Reducing Expenses: Identify areas where you can cut back on spending, such as eating out, entertainment, or unnecessary purchases. Create a budget to track your spending and find ways to save on monthly expenses, such as switching to a cheaper phone plan or negotiating lower rates for utilities. Increasing Income: Seek opportunities to boost your earnings, such as taking on a part-time job, freelancing, or pursuing a promotion or raise at your current job. Additionally, consider developing new skills or earning certifications to increase your earning potential in the long run.

While it may be challenging to save for retirement when expenses exceed income, it is crucial to prioritize long-term financial stability. By reducing expenses and increasing income, you can gradually create a financial buffer that allows you to contribute to your retirement savings and secure your future.

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Drag each tile to the correct box. The finance team of a concert venue is drafting budget for succeeding year. Arrange the steps in preparing a budget. team computes annual expenses such as electricity bills, wages and taxes. all departments submit yearly estimated expenses. team prioritizes purchase of new stage lighting equipment. team dedicates some funds for emergency. submits report of estimated income and expense data. estimates fund needed for yearly bonus and employee training.

Answers

Developing a budget, Assessing your net income is the first step. Your net income serves as the cornerstone of an effective budget.Follow your expenditures, in step two.Goal-setting is the third step.Plan ahead in step four.

What actions should one take to create a budget?Developing a budget, Assessing your net income is the first step. Your net income serves as the cornerstone of an effective budget.Follow your expenditures, in step two.Goal-setting is the third step.Plan ahead in step four.The fifth step is to change your expenditure to stay within your means.Step 6: Consistently evaluate your spending plan.7-step process for creating a budget, Decide how much money you make. Create a list of every dollar you receive each month to get started.Create an expense plan. Create a list of your monthly expenses to help you understand where your money is going. Your balance should be calculated, Set goals for yourself,Construct a strategy,Keep moving forward, converse with.        

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An innovative business idea that no one has never had

Answers

An innovative business idea that no one has never had is Offering virtual assistance to other businesses.

What is innovative business idea ?

innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.

It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.

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Complete question:

State An innovative business idea that no one has never had

Requirements 1. For 2018, Price marketing managers project monthly sales of 480,000 12-ounce bottles and 140,000 1-gallon containers. Average selling prices are estimated at $0.75 per 12-ounce bottle and $1.30 per 1-gallon container. Prepare a revenues budget for Price, Inc., for the year ending December 31 2018 Price begins 2018 with 970,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2018, be no less than 670,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Price must produce during 2018? The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 300,000 units. If the production budget calls for Price to produce 1,500,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018? 2. 3.

Answers

For 2018, Price marketing managers project monthly sales of 480,000 12-ounce bottles and 140,000 1-gallon containers. Average selling prices are estimated at $0.75 per 12-ounce bottle and $1.30 per 1-gallon container. Therefore, revenues budget for Price, Inc., for the year ending December 31 2018 is given by;


This budget has been prepared by the Price marketing managers for 2018. The monthly sales of 480,000 12-ounce bottles and 140,000 1-gallon containers have been projected. Average selling prices for the bottles and containers have been estimated at $0.75 per 12-ounce bottle and $1.30 per 1-gallon container, respectively. Based on the given sales projections, the total revenues of the company for the year ending December 31, 2018 can be calculated using the above-given formula.

Further, the ending inventory of 12-ounce bottles on December 31, 2018 should be at least 670,000 bottles. Price has already begun 2018 with 970,000 12-ounce bottles. Hence, the number of 12-ounce bottles that Price must produce during 2018 is calculated using the formula. Similarly, the production budget for 2018 calls for Price to produce 1,500,000 1-gallon containers. The vice president of operations requests that the ending inventory of 1-gallon containers on December 31, 2018, should be 300,000 units. Therefore, the beginning inventory of 1-gallon containers on January 1, 2018 can be calculated using the formula.

Therefore, Price, Inc., should produce at least 5,230,000 12-ounce bottles during 2018. The beginning inventory of 1-gallon containers on January 1, 2018, is 1,200,000 units.

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WILL GIVE BRAILIEST

Zander is beginning to take college courses to prepare for a career in computer science, which is the study of using logic to create new and improved computer programs. He just finished a class that covered skills for using certain computer programs, but was not required for a degree.

What did Zander take steps to improve by taking this class?

A. career definition and career requirements
B. career requirements and current status
C. current status and intermediate goals
D. intermediate goals and career definition

Answers

C. Current status and intermediate goals

Answer:

current status and intermediate goals

Explanation:

Which best describes a central bank’s primary goals?

Limiting inflation and reducing unemployment.
Reducing unemployment and maintaining cash flow.
Controlling stagflation and reducing unemployment.
Managing credit and ensuring the money supplies liquidity.

Answers

Answer: A-limiting inflation and reducing unemployment

Explanation: edeg2020

The primary goal of the central bank of a country is to:

Limiting inflation and reducing unemployment.

What is the central bank?

The central bank is the highest bank of the country. This is the bank that is in charge of all other banks in the nation.

The bank is responsible for the control of the country's currency. They are also responsible for the supply of liquidity.

But their main function in the economy is to Limit inflation and reduce unemployment.

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If net sales are $600,000 and gross profit is $412,800, what is the gross profit rate?.

Answers

If net sales are $600,000 and gross profit is $412,800, the gross profit rate  is 68.8%.

Gross Profit: A company's gross profit is calculated by deducting its entire sales from its total cost of products sold. All products sold by the business are included in the overall sales. All of the variable costs related to sales are added together to form the overall cost of the products sold.

How can I determine my gross profit?

Cost of goods sold (COGS) is subtracted from total revenue to determine gross profit. Typically, only variable expenses are taken into account when determining gross profit from COGS. Variable expenses are those that are directly related to output (like material and shipping costs).

What is a gross profit, exactly?

Gross profit, often known as gross income, is calculated by deducting a company's cost of goods sold from its sales (COGS). It is frequently used to assess how effectively a business is controlling labor and resources throughout production.

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selling on consignment means that the item will not be owned by the person selling it.true or false

Answers

Selling on consignment means that the item will not be owned by the person selling it. This is a true statement on consignment.

What does this mean to sell on consignment?

When selling on consignment, the item remains the property of the consignor (person who owns the item) until it is sold.

The consignee (person who is selling the item) is responsible for trying to sell the item on behalf of the consignor, but they do not own the item themselves. If the item does not sell, it is usually returned to the consignor.

Therefore the correct answer to the question here on selling on consignment is "true".

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What do you think were the main concerns with the Olympus two-door sports coupe? Is there a market for a two-seat, $32,000 sports car when the RX-8 sells for significantly less? Evaluate the role of the marketing mix in the Olympus introduction. What are some of the marketing strategies auto manufacturers use to stimulate sales of certain makes of automobiles?

Answers

The main concerns of the sports coupe is that

They did not carry out good research of the marketThey also did not research the people that would buy the product.

There is no market for the two seat car given that it would be better if it was a market that people knew with  a cheaper price.

2. What is the role of the marketing mix?

The role of the marketing mix has to do with the combination of price and the product. These two did not match properly in order to be able to take care of the need of customers and expectations.

3. Some of the strategies would be the use of social media and search engines. This would help to create the awareness for their products and create traffic.

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Managerial accountants:

a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.

b. negotiate contracts with suppliers

c. create financial reports and provide other types of accounting information to investors.

d. provide managers within the organization with reports to make good business decisions.

Answers

Managerial accountants provide managers within the organization with reports to make good business decisions.

Who are Managerial accountants?

They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.

They also hep perform various task that is associated with the account.

Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.

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Dad Mystery

To all my friends and "ex-friends" I have a message. I am pushing you to the side until I finally finish this mystery. I can't handle the stress of having to multi-multi-task. I need to focus on certain things, not the stress some of you have put me through and the talking. You know who you are. Now, back to my question

What happened on CFB 2149-0403?
Whatever happened to Emily?
How fast were they travelling?
Having a moment of clarity
Why did base do this to them?
Who are they calling family?

Answers

Answer:

Uh...sorry to be hours late but did something happen to a friend of yours that was bad? -Your friend, Bill Cipher

Explanation:

Cameron has decided to diversify his investments in the following way: $3,000 in an account earning 2. 7% simple interest $5,000 in a savings account earning 1. 8% interest compounded annually $5,000 in a certificate of deposit earning 3. 9% interest compounded quarterly How much total interest will Cameron earn on his investments at the end of 3 years? a. $530. 87 b. $665. 57 c. $973. 30 d. $1,135. 30 Please select the best answer from the choices provided A B C D.

Answers

His total interest after three years is $1,135. 30.

What is interest?

Interest refers to money that is received in an investment or a loan. It is always a percentage of the principal sum.

For the first investment;

I = PRT/100 = $3,000 × 2.7  × 3/100 = $243

For the second investment;

A = P(1 + r/n)^nt

A = 5000(1 + 0.018)^3

A = $5275

I = $5275 - $5000 = $275

For the third investment

A = 5,000(1 + 0.00975)^(4 × 3)

A = $5617

I = $5617 - $5,000 = $617

Total interest = $617 + $275 + $243 = $1,135. 30

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discusd five reasons why some people in your community do not participate your campaign?​

Answers

wait send a pic so i can understand better

Imagine that you work as a case manager in a large community services agency. A phone call is put through to you from a member of the public. The caller tells you that they are ringing because they are concerned about the well-being of their elderly neighbour, Giovanni. Giovanni lives alone following the death of his wife 2-3 years ago and, according to the caller, is looking increasingly thin, dishevelled, and unwell.

After discussing with your supervisor, you are asked to follow up on Giovanni's welfare by conducting a home visit. You and a colleague go to the address provided by the caller and knock on Giovanni's door. When he answers the door you introduce yourself but discover that, while Giovanni is fluent in Italian, Spanish and French, he speaks very little English. Unfortunately, you and your colleague only speak and understand English. Nonetheless, Giovanni asks you in to his home.

Your first impression of Giovanni is that he seems quite unwell - he appears to be very thin, he is coughing a lot, and his skin is almost gray in colour. You are shocked by the state of his house: it is dark and shabby and there are plates with dried up food scattered around. You notice multiple piles of newspaper, clothes, and other debris, and a strong odour of urine. The furniture, some of which is broken, is covered in dog hair and you wonder whether the dog has urinated in the house (accounting for the smell). You also notice an ashtray with a cigarette burning in it; Giovanni is also holding a lit cigarette in his hand. Your colleague peeks into the bedroom and comments that there is a radiator-style heater, with all bars on, in one corner of the room. The television is switched on and it is very loud.

Giovanni is welcoming and insists on making you a drink. On his way to the kitchen, he trips and stumbles over a mat. You try to help but he refuses and seems annoyed. In the kitchen you observe dirty dishes, food left out, and flies crawling over it all.

Soon afterwards, Giovanni says that he is tired and asks you to leave. It is clear to you that he wants to be left alone now. As you leave, you notice one of the neighbours peering at you from her window across the street.

question

What do you consider are the main issues that you would prioritise in your work with Giovanni?

1. Identify the three issues that you consider to be most pressing? (100 words)

2. Explain why have you prioritised these issues? (250 words)

3. Critically reflect on the knowledge, experiences, and values that have shaped your decision. (250 words)

Answers

1. The three most pressing issues that I would prioritize in my work with Giovanni are: Physical health and well-being,  Living conditions and environmental hazards,  Social isolation and mental health.

a) Physical health and well-being: Giovanni's thin appearance, coughing, and gray skin color indicate potential health concerns that need immediate attention. Assessing his overall physical health, including conducting a medical evaluation, addressing any immediate medical needs, and ensuring access to healthcare services, would be crucial.

b) Living conditions and environmental hazards: The state of Giovanni's house, with clutter, dirty dishes, and a strong odor of urine, suggests unsanitary living conditions. This poses health and safety risks, including the potential for infections, falls, or respiratory issues. Addressing the cleanliness and safety of the environment is essential for Giovanni's well-being.

c) Social isolation and mental health: Giovanni's living alone and the recent loss of his wife may contribute to feelings of loneliness and depression. His limited social interactions and possible language barriers further exacerbate the issue. Assessing his mental health, providing social support, and exploring opportunities for community engagement can help address the issue of social isolation and promote his mental well-being.

2. I have prioritized these issues because they directly impact Giovanni's immediate health, safety, and overall quality of life:

- Addressing Giovanni's physical health concerns is crucial to ensure that any underlying medical conditions or acute illnesses are properly diagnosed and treated. This is essential to stabilize his health and prevent any further deterioration.

- Tackling the living conditions and environmental hazards is necessary to create a safe and clean living environment for Giovanni. This will help minimize health risks, prevent accidents, and improve his overall well-being.

- Focusing on social isolation and mental health is important to address the emotional impact of Giovanni's circumstances. By providing social support and opportunities for community engagement, we can help alleviate his feelings of loneliness, enhance his social connections, and promote his mental well-being.

3. In shaping my decision, my knowledge and experiences in healthcare and social services have informed me of the critical importance of addressing immediate health concerns, environmental hazards, and social isolation in vulnerable populations like Giovanni. My values of compassion, respect for dignity, and the promotion of well-being have guided my decision-making process.

Understanding the potential health risks associated with Giovanni's physical appearance and living conditions, my training as a case manager emphasizes the urgency of addressing these issues promptly. Additionally, my knowledge of the impact of social isolation on mental health highlights the need for providing social support and connection.

My experiences in working with diverse populations have also shaped my decision. Recognizing the language barrier, cultural sensitivity, and the importance of providing services that meet Giovanni's unique needs are integral aspects of my approach. Collaboration with interpreters or seeking cultural consultation, if needed, would be essential to overcome communication barriers and ensure effective service delivery.

Overall, my decision is grounded in the understanding that addressing Giovanni's immediate health concerns, improving his living conditions, and mitigating social isolation are vital steps toward promoting his well-being, enhancing his quality of life, and ensuring his safety.

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Assume a large healthcare system has just approved a $355,000 annual (per year) bonus to retain its top cardiac surgeon. Assume that $355,000 will be paid to the surgeon as a bonus at the end of each year that he stays, up to 10 years. The healthcare system wants to invest a lump sum now in order to have enough money to cover the bonuses over the 10-year period. Assume the healthcare system can earn a 5% stated annual rate of return on its investment, compounded semi-annually (twice per year).
What amount would the healthcare system need to invest now in order to have enough money to pay the annual bonus to the surgeon at the end of each of the next ten years?

Answers

The healthcare system would need to invest $2,853,832.70 now to have enough money to pay the annual bonus to the surgeon at the end of each of the next ten years, assuming a 5% stated annual rate of return compounded semi-annually.

To calculate the amount that the healthcare system would need to invest now to cover the bonuses over the next 10 years, we can use the formula for present value of an annuity:

PV = A x (1 - (1 + r)^-n) / r

Where:
PV = present value
A = annual payment (in this case, the bonus amount of $355,000)
r = stated annual rate of return divided by the number of compounding periods per year (5% / 2 = 2.5%)
n = number of compounding periods (in this case, 20 since there are two compounding periods per year for 10 years)

Substituting the values into the formula, we get:

PV = $355,000 x (1 - (1 + 0.025)^-20) / 0.025
PV = $2,853,832.70

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Jones Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $12. Consistent with the lower of cost and net realizable value approach, this inventory item should be valued at:__________
a) $110.
b) $88.
c) $98.
d) $100

Answers

Answer:

I think A but ion kno thats prolly wrong-

Explanation:

if the coupon interest rate remains constant from the time of issue until the bond matures, then the bond is called a bond.:

Answers

Answer:

2 is a global measure taken to prevent wastage of water from the point of view of the spectator as well as the player of the earth to the ground in the coastal regions prevents the seawater immersion into the freshwater of the following are types of motivation to help the muscles of the following are types of motivation to help the muscles of the following are types of motivation to help the muscles of the following are types of motivation to help the muscles of the following are types of motivation to help the muscles of the following are types of motivation to help the muscles of the following are types of motivation to help the muscles of the following are types of motivation to help the muscles of the

How frequently is a firm required to notify customers regarding how to access brokercheck®?

Answers

Annually, a firm is required to notify customers regarding how to access BrokerCheck®.

FINRA member firms are required to annually give each of their clients the phone number and website address for BrokerCheck in writing, in accordance with FINRA Rule 2267 (Investor Education and Protection). Additionally, they must yearly notify their clients of the availability of an investor brochure that contains detailed information about BrokerCheck.

What is FINRA or Financial Industry Regulatory Authority's BrokerCheck? It is a free online resource for researching brokers, investment companies, and financial advisors. Investors can find a wide range of information that may be useful in the selection and vetting of a specific financial advice provider or brokerage firm.

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How frequently is a firm required to notify customers regarding how to access brokercheck?

Public schools and highways are examples of

Answers

Is it a question with pickable answers? If so, could you put them? or do you have to write your own awnsers?
Life. There are high and low roads but it’s up to you where to drive. And same for school there are good times and bad times.

14) Which of the following is an attempt by a fim to increase the demand for its product? (3SEMI21
DOK: 2)
the imposition of a price ceiling on the product
A
B. an advertising strategy designed to change consumer tastes and preferences
C. a marketing strategy to make the good scarce and therefore more expensive
D. a production strategy to flood the market with the good or service

Answers

Answer:

B. an advertising strategy designed to change consumer tastes and preferences

Explanation:

Increasing the demand for a product refers to the activities of making products desirable to customers. It involves interesting customers with the product or services to influence them to purchase.  

Advertising is a strategy for creating awareness for a product in the market. It entails communicating the benefits of a good or service to potential customers in a manner that persuades them to buy. Advertising creates the demand for a product by influencing customer perceptions and opinions on the commodity or service.

Are imports to Russia subject to VAT?

Answers

Answer:

yes

Explanation:

they pay 20 percent and is paid directly to Russia

Answer:

The Russian import VAT 20% has to be paid. The tax has to be paid directly to the Russian customs .The customs is one of the contributaries of development.In and out of goods may charged at the same VAT of 20%.

By Sk.

Aggregate planning for service firms that provide intangible output deals mainly with:
a. smoothing the production rate and finding the optimal size of the workforce.
b. capital investment decisions.
c. centralized purchasing.
d. centralized production.
e. planning for human resource requirements and managing demand.

Answers

Aggregate planning for service firms that provide intangible output primarily deals with planning for human resource requirements and managing demand. Option E is correct.

This involves identifying peak periods of demand and ensuring that there is sufficient staff to meet those demands without overstaffing during off-peak periods. The goal is to balance labor costs with customer satisfaction. Smoothing the production rate and finding the optimal size of the workforce are also important factors in this planning process.

However, unlike manufacturing firms, service firms typically do not make significant capital investment decisions or engage in centralized purchasing or production. Therefore, the focus is on efficiently managing human resources to meet the needs of the business.

Therefore, option E is correct.

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Which of the following is a basic approach often used by auditors to evaluate the reasonableness of accounting estimates?

a. Analyzing corporate organizational structure.
b. Reviewing subsequent events or transactions.
c. Observation.
d. Confirmation.

Answers

One of the basic approaches often used by auditors to evaluate the reasonableness of accounting estimates is reviewing subsequent events or transactions. This approach involves the auditor examining the company's transactions and events that occurred after the end of the accounting period. The correct answer is option b.

For example, if a company estimated that it would receive a certain amount of revenue from a particular customer, the auditor may review subsequent transactions to ensure that the company actually received the revenue it expected from that customer. Analyzing corporate organizational structure is not typically a direct approach used to evaluate the reasonableness of accounting estimates.

However, it may indirectly provide insights into the company's processes and controls related to accounting estimates. Observation is another approach used by auditors to obtain evidence on the reasonableness of accounting estimates. This approach involves the auditor observing the company's operations, procedures, and processes to determine if they are consistent with the accounting estimates made by the company.

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this is the process by which insurers decide who can be insured and the appropriate rates and premiums.

Answers

The process by which insurers decide who can be insured and the appropriate rates and premiums are called underwriting.

What is Underwriting?

Underwriting is the method by which insurance companies assess and choose whether or not they want to ensure a client or business. Insurers conduct the underwriting process to evaluate the risk involved with insuring the applicant. In addition, they determine how much to charge in premiums in exchange for covering that risk.

Types of Underwriting:

There are two main types of underwriting; manual underwriting and automated underwriting.

1. Manual Underwriting:

Manual underwriting is a more traditional method that involves a human underwriter assessing the risk of insuring an applicant. An insurer may use manual underwriting if a prospective policyholder has an unusual or complicated insurance application.

2. Automated Underwriting:

Automated underwriting employs technology and data to examine and rate insurance applicants' risks. An insurer typically uses this method when evaluating the risks of common insurance policies such as car insurance, home insurance, or life insurance. This method is more efficient and faster than manual underwriting, and it is frequently used by insurance companies to assess clients.

The underwriting process is critical for both the insurance company and the applicant. Insurance firms need to determine the risk of insuring a client to decide whether or not to approve their application. On the other hand, the applicant needs to know if the insurance company is providing adequate coverage at a reasonable rate.

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