Answer:
(A) $100,000
(B) $24,100,000
(C) $12.05 per share
(D) $0.05 per share
Explanation:
The founder of Alchemy product incorporation found out how to turn gold into lead
He formed a corporation and invested $100,000 in setting up a production plant
He believes that he can sell his patent for $24,000,000
(A) The book value of the firm is $100,000
(B) The market value of the firm is $100,000 + 24,000,000
= $24,100,000
(C) The price per share is
= 24,100,000/2,000,000
= $12.05 per share
(D) The book value per share is
= 100,000/2,000,000
= $0.05 per share
Why are countries motivated to trade with one another?
A. Trade prevents any one country from establishing an absolute
advantage over others.
B. Trade protects domestic businesses by shielding them from
foreign competition.
C. Trade allows them to produce a variety of products instead of
specializing in a few.
D. Trade helps them obtain goods they cannot produce as efficiently
as other countries.
Yoooooooo
Answer:
D Trade helps them obtain goods they cannot produce as efficiently
as other countries.
Trade helps countries obtain goods they cannot produce as efficiently as other countries which is a reason countries are motivated to trade with one another. The correct option is D
What are the two purposes of trade?Trade is crucial for maintaining a competitive global economy and helps to drive down worldwide product prices by promoting innovation and specialization in markets. Access to goods and services that may be more affordable and of higher quality than those available domestically is another benefit of trade.
By trading, countries can specialize in producing goods and services that they are good at and import goods that they cannot produce efficiently or do not have in sufficient quantities. This increases the efficiency of production and availability of goods, leading to economic growth and higher standards of living for people in trading countries.
Thus, the ideal selection is option D.
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Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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Occupational hygiene focuses specifically on three types of exposures. Explain any Two of these
Occupational hygiene focuses specifically on three types of exposures are:
chemical physical biologicalWhat is Occupational hygiene?Occupational hygiene can be described as the process that is been used in the work placer so that it can focus on the monitoring as well as preservation of the people of the workplace from any hazards.
chemical exposure can be described as one that focus on any hazards that can come from the use of toxic substance in the workplace. physical exposure can be described as the one tat focus on any hazards as a result of any physical injury in the workplace.
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Under the ________ leadership style, decision-making power is centralized in the leader. Leaders do not entertain any suggestions or initiatives from subordinates. The ______ management is effective for quick decision making but is generally not successful in fostering employee engagement or maintaining worker satisfaction.
Answer:
Autocratic; autocratic.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.
Some types of power expressed by leaders are referent power, coercive, etc.
An autocratic leadership style accords a centralized decision-making power to the leader. Thus, they do not have to entertain any suggestions or initiatives from their subordinates.
Furthermore, this leadership style is very much effective for making decisions quickly but it's generally not successful in facilitating or enhancing employee engagement with management or maintaining worker satisfaction.
1a. Tell me why OJ Simpson was found not guilty of murder in acriminal trial, and why he was found liable in a wrongful deathaction for the deaths of his ex-wife and the pizza delivery guy. Wewill
OJ Simpson was found not guilty of murder in a criminal trial due to a lack of sufficient evidence to prove beyond a reasonable doubt that he committed the murders of his ex-wife and the pizza delivery guy.
However, he was found liable in a wrongful death action because the burden of proof in a civil trial is lower than in a criminal trial. In the wrongful death action, the plaintiffs only had to prove by a preponderance of the evidence (i.e. more likely than not) that Simpson was responsible for the deaths. The evidence presented in the civil trial was different from that presented in the criminal trial, and the plaintiffs were able to provide enough evidence to show that Simpson was liable for the deaths.
O.J. Simpson was found not guilty of murder in his criminal trial due to the inability of the prosecution to provide sufficient evidence to convince the jury beyond a reasonable doubt. Key factors in the acquittal were inconsistencies in the evidence, potential contamination of the crime scene, and doubts about the credibility of some witnesses.
On the other hand, Simpson was found liable in a wrongful death action because the standard of proof in a civil trial is lower, requiring only a "preponderance of the evidence" to establish liability. In this case, the jury found that it was more likely than not that Simpson caused the deaths of his ex-wife and the pizza delivery guy, resulting in a judgment against him for damages.
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Jacob Suppliers has not paid out any dividend in the last three years. It does not expect to pay dividends in the next two years either as it recovers from an economic slowdown. Three years from now it expects to pay a dividend of $1.75 and then $2.80 in the following two years. What is the present value of the dividends to be received over the next five years if the discount rate is 14.5 percent
Answer:
3.78
Explanation:
The management of an SBU is addressing the issue of whether through investment and a new
strategy it can be transformed into a star. According to the BCG growth-share matrix, this SBU is
a dog
cash cow
a question mark
using a product development strategy
using a market development strategy
Using a market development investment-driven strategy, the SBU (Strategic Business Unit) that can be transformed into a star is a question mark SBU.
The characteristics of a question mark SBU are:
high growth prospectslow market shareconsumes a lot of cashgenerates little returnsloses moneyFor the transformation of a question mark SBU, more investments and new strategies have to be brought in.
Thus, a question mark SBU has the highest potential to turn into a star if the market growth is high.
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Which of the global PR strategies does the Coca-Cola website use
your discussion with examples from the website.
Coca- Cola uses a combination of global PR strategies on its website. The company has historically employed the standardization approach.
Presenting a harmonious brand communication and image across all requests. Coca- Cola also adapts its communication to specific original requests following the localisation strategy. On its website, Coca- Cola features elevations, events, and marketing campaigns that appeal to indigenous requests while still adhering to the company's core values. also, Coca- Cola recognises artistic differences, employing across-cultural strategy in its global communication.
By exercising these approaches, Coca- Cola can maintain a consistent brand identity while connecting with different consumers across various requests.
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Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)
Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.
Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.
What is a database?A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.
A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.
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Why is Organizational Culture critical to an organization's success?
Answer:
The culture at your organization sets expectations for how people behave and work together, and how well they function as a team.
Explanation:
You're welcome.
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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g On January 1, 2019, plant assets, net are $190,000. On December 31, 2019, plant assets, net are $290,000. Depreciation expense for the year is $20,000. During the year, plant assets were acquired for $155,000 with cash. There is a Gain on sale of plant asset of $10,000. What are the cash proceeds from the sale of the plant asset
Answer:
$45,000
Explanation:
Given the equation below,
Total beginning net book value of plant assets + Total plant assets purchased during that period - Total depreciation recorded of plant assets during that period - Net book value of plant assets sold during the period = Net closing book value of plant assets
Hence, we have
$190,000 - $20,000 + $155,000 - Net book value of plant assets sold during the period = $290,000
Net boom value of plant sold during the period = $35,000
We also have the equation below;
Sales proceed - Net book value of plant assets sold during the period = Gain(loss) on disposal of assets
Sales proceed - $35,000 = $10,000
Sales proceed = $10,000 + $35,000
Sales proceed = $45,000
Monica is going to college full-time to become a nurse, so she has to quit her job at the supermarket. Not having that weekly paycheck is considered a(n): *
Answer:
Opportunity cost
Explanation:
Opportunity cost is the sacrificed benefits in decision making. Making a decision involves selecting one option from several choices. The forfeited advantage from the next best alternative is the opportunity cost.
Monica has chosen to join college. She has sacrificed her job at the supermarket to make time for college. Her forfeited weekly pay from her job is the opportunity cost for joining college.
Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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When calculating (FV) Future Value of an annuity it is important to set the payment (PMT) to a __________ value.
Future Value of an annuity is calculated by setting the payment (PMT) to an equal value.
What is Future value of an annuity?This can be defined as the total value of a series of recurring payments at a specified date in the future.
Since it involves recurring payment at a fixed price, then the payment must be set to an equal value.
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Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
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Interest earning of 3% with a $450 minimum balance average monthly balance of $900 monthly service charge of $11 for falling below the minimum balance which occurs five times a year no interest earned in the month. What is the net annual cost
Answer:
$39.25
Explanation:
Given that Interest earning = 3 percent
minimum balance = $450
average monthly balance = $900
monthly service charge = $11
Occurrence period = 5 times
Hence, Net annual cost = Service charges - Interest earnings
=> Service Charge = (5 × $11) - Interest earnings (7 / 12)(0.03 × $900)
= $55 - $15.75
= $39.25
Therefore, the final answer to this question is $39.25
If I have bought 4 books and 2 pens plus tax each (you have to add the tax for each book and pen): $12.99, $12.99, $11.99, $7.99, $3.99, and $5.99. I gave them $60.00. The cashier gave me 32 cents back. Did the cashier give me the right amount of change back?
Answer:
To determine if the cashier gave you the correct amount of change back, we need to calculate the total cost of the books and pens, including tax, and compare it to the amount you paid.
The cost of the books with tax is:
$12.99 + $12.99 + $11.99 + $7.99 = $45.96
The cost of the pens with tax is:
$3.99 + $5.99 = $9.98
The total cost of the books and pens with tax is:
$45.96 + $9.98 = $55.94
You gave the cashier $60.00, and the cashier gave you 32 cents back.
So the amount you received back from the cashier is:
$60.00 - $55.94 = $4.06
The correct change you should have received is $4.06. Since the cashier gave you 32 cents back, it appears that the cashier did not give you the correct amount of change. You should have received $4.06 instead of 32 cents.
Therefore, it seems that the cashier made an error and did not give you the right amount of change back.
Drag each label to the correct location on the image.
Match each adjustment for reconciling a checking account to the correct document.
Adjust Bank Statement
Adjust Check Register
deduct bank
deduct
add interest earned
add outstanding
deposits
service
outstanding
charges
checks
Answer:
Adjust Bank Statement = (Deduct outstanding checks),(Add Outstanding Deposits).
Adjust Check Register = (Deduct bank service charges),(Add interest earned).
Explanation:
Just completed this on Edmentum/PLATO got 100%
Adjust Bank Statement :Deduct ,outstanding, checks, Add Outstanding Deposits.
Adjust Check Register : Deduct bank, service charges , Add interest earned.
Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors. Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank.
What does balancing a check register mean?Balancing your checkbook, which is also known as reconciling your account, is basically about making sure that the records you have kept for your financial transactions match those the bank lists on your statement.
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a friend is keen to get a start in real estate and offers to work weekends for you, free of charge, as your assistant to learn the industry. Explain what you would do and why.
Hiring someone from family or friends as a real estate agent can entail some negative situations like contractual conflicts and biased outlook.
What is the role of the real estate agent?It is the professional or company responsible for connecting buyers and sellers for the sale and rental of properties and representing them in legal negotiations.
Therefore, as it is a career of great responsibility, it is essential that the professional is qualified to carry out the best opportunities without being biased by any factor.
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plz help...... What is a term deposite
A time deposit or term deposit is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its “term”. Time deposits differ from at call deposits, such as savings or checking accounts, which can be withdrawn at any time, without any notice or penalty.
Answer:
A term deposite is a fixed term investment that includes the deposite of money into an account at a financial institution
The Interior Design Educators Council works for the advancement of interior design education. True False
Answer:
true
Explanation:
(ANSWER ASAP!! GIVING BRAINLIEST IF CORRECT :))
Julianna has been asked to write an offer letter to Noah Camp, a new employee. What is the appropriate salutation for her to use?
A: Happy Friday, Noah,
B: Business letters don't use salutations.
C: Hey, Noah,
D: Dear Mr. Camp,
Julianna has been asked to write an offer letter to Noah Camp, a new employee. What is the appropriate salutation for her to use?
Dear Mr.Camp
I HOPE IT HELPS YOU
PLEASE MARK ME THE BRAINLIEST
Research topic: Zimbabwe's hyperinflation
Policy intervention: Dollarization
a)Economic analysis. This section focuses on the economic dimension of the recent policy
intervention. While the goal of the policy intervention may have been to correct
domestic market conditions, your economic analysis should focus on the international
implications (either direct or indirect).
You should put the policy intervention in the context of the
economic theory (e.g., interest rate parity, DD-AA model) to determine if the
policy intervention had the expected impact on economic variables like price
levels, output, and exchange rates.
Recommendation/Critique.
b)In this section, provide a critique of the policy intervention.
Does it make sense given the Economic analysis provided above? Would other policy choices make more sense?
a) Economic analysis: Zimbabwe's hyperinflation was caused by a combination of factors such as government mismanagement, excessive money printing, and a decline in agricultural output.
b) Recommendation/Critique: Dollarization was a necessary policy intervention to curb Zimbabwe's hyperinflation and stabilize the economy.
a)In response, Zimbabwe adopted dollarization in 2009, which involved replacing the Zimbabwean dollar with foreign currencies, primarily the US dollar. The policy intervention had direct international implications as it resulted in increased demand for foreign currencies and reduced demand for the Zimbabwean dollar. Economic theories such as the DD-AA model suggest that dollarization would lead to a decrease in the exchange rate of the Zimbabwean dollar and an increase in output and price levels.
b)However, it has also led to some negative consequences, such as reduced flexibility in monetary policy and increased transaction costs. Additionally, the dependence on foreign currencies makes Zimbabwe vulnerable to external shocks, such as changes in exchange rates and trade policies. Therefore, other policy choices such as adopting a basket of currencies or implementing structural reforms to improve the domestic economy's productivity could be considered to address these issues.
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in international trade the Monopoly tendency appearing in which form
Answer:A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company.
Explanation:
In international trade monopoly appears in the form of a single seller or producer of a commodity which has no close substitute.
The monopolist is the one that is responsible for setting the price here. He has no competitors. What he sets is what the market buys at.
In such a market only one company renders its service or goods to the entire market. The company usually enjoys abnormal profit due to the reasons that I have stated above.
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What is a grant?(1 point) Responses
O a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose
O an amount of money given to somebody by an organization to help pay for their education
O a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for financial aid
O a thing that is borrowed, especially a sum of money that is expected to be paid back with interest
1. What is a grant?
a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose
2. What is a scholarship?
an amount of money given to somebody by an organization to help pay for their education
3. What is the Free Application for Federal Student Aid?
a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for financial aid
4. What is a student loan?
money that has to be repaid and incurs interest, designed to help students pay for postsecondary education and the associated fees, such as tuition, books and supplies, and living expenses
5. What is a grant?
money awarded to a student, often based on financial need, for a specific purpose (like tuition) by a government or an organization
Personal Finance- Financial Aid Process Quick Check4/21/2023
A grant is a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose. Hence, the correct answer is A.
What are grants?Grants are non-repayable funds or products disbursed or gifted by one party (grant makers), often a government department, corporation, foundation, or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business, or an individual.
Grants are different from loans, as they do not have to be repaid with interest. Instead, grants are essentially "free money" that is awarded to individuals or organizations that meet specific criteria.
Therefore, a grant is a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose. Hence, the correct answer is A.
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Which two of these are essential for completing an initial mortgage loan application?
The two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.
The following information should be considered:
The above two things should be important as it helps in determining the loan amount & credit history for determining the credit score. Also, the insurance money & money in the saving account should not be important also the income proof is required at a later stage for the loan security.Therefore we can conclude that the two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.
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Yolanda first breaks down
The programming design approach represented in this scenario is modular programming. The programming design approach represented in this scenario is object-oriented programming.
What is programming?The process of creating a set of instructions that tells a computer how to perform a task is known as programming. Computer programming languages such as JavaScript, Python, and C++ can be used to create programs.
Modular programming is the programming design approach represented in this scenario. Yolanda divides the entire game into modules, which are then subdivided further into smaller modules until the individual parts are manageable for programming.
Thus, this method entails representing data and functions as objects and employing inheritance and polymorphism to generate flexible and reusable code.
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complete question.
Identify which type of programming design approach each represents
Yolanda first breaks down the whole game she needs to program into modules. She then breaks these modules into smaller modules until the individual parts are manageable for programming. She writes the smallest modules, and then recombines them into larger parts.
A benefit paid for a limited time to eligible workers who are involuntarily unemployed is known as:
"Is college the best choice?" Using economic reasoning skills you have learned in this course, you will write an extended paragraph making a claim to the prompt, cite two pieces of evidence directly from the sources, and explain your reasoning of how this evidence connects to the claim.
Answer:
College education is undoubtedly the best choice for individuals seeking higher-paying jobs and better career prospects. According to the Bureau of Labor Statistics, individuals with a bachelor's degree earn an average of $1,248 per week, while those with only a high school diploma earn an average of $746 per week. This means that college graduates earn almost twice as much as those without a college degree. Additionally, a report by Georgetown University's Center on Education and the Workforce found that by 2020, 65% of all jobs in the United States will require some form of postsecondary education. This means that individuals without a college degree will have limited job opportunities and will be at a disadvantage in the job market.
The evidence from the Bureau of Labor Statistics and Georgetown University's Center on Education and the Workforce supports the claim that college education is the best choice. The higher earnings of college graduates compared to those without a college degree indicate that investing in a college education can lead to better financial outcomes. Furthermore, the report by Georgetown University's Center on Education and the Workforce highlights the increasing demand for postsecondary education in the job market. This means that individuals without a college degree will have limited job opportunities and will be at a disadvantage in the job market. Therefore, it is clear that college education is the best choice for individuals seeking higher-paying jobs and better career prospects.