Scrum is one of the project management approaches in the agile framework that uses an iterative process to create product delivery.
What exactly is project management?
The task of regulating and controlling various projects in an efficient manner is referred to as project management.
Scrum is the agile method that can be used by management when they want to make an iterative and incremental delivery of any product. This method enables team members to work efficiently while remaining perfectly adaptable to any change.
As a result, the Scrum approach is the agile framework technique used for product delivery in an iterative process.
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Build the monthly cash flow schedule (in Excel) for an agency mortgage pass thru security with the following information. Attach the Excel file to this assignment.
Principal = $750,000,000
Pass thru rate = 6. 80%
WAC = 7. 80%
WAM = 335 (all mortgage loans in the portfolio were originally due in 30 years)
PSA = 200
These steps can be used to build a monthly cash flow schedule for an agency mortgage pass-thru security, which includes calculating interest and principal payments and ending balances for each month.
Assuming that the mortgage pass-thru security has 360 monthly payments (30 years x 12 months), here are the steps to build the monthly cash flow schedule:
Create a table with the following columns: Month, Beginning Balance, Scheduled Payment, Interest Payment, Principal Payment, Ending Balance, and Cumulative Principal Payment.
Input the Principal amount in cell B2 (Beginning Balance) of your Excel worksheet.
Calculate the monthly interest rate by dividing the Pass-thru rate by 12. In this case, the monthly interest rate is 6.80%/12 = 0.5667%.
Calculate the monthly payment amount using the PMT function in Excel. The formula for PMT is: =PMT(rate,nper,pv). In this case, the formula is: =PMT(0.078/12,360,750000000).
Input the monthly payment amount in cell C3 (Scheduled Payment) of your Excel worksheet.
Use the following formula in cell D3 (Interest Payment) to calculate the interest payment for the first month: =B2*0.005667. This is the beginning balance (cell B2) multiplied by the monthly interest rate calculated in step 3.
Use the following formula in cell E3 (Principal Payment) to calculate the principal payment for the first month: =C3-D3. This is the scheduled payment (cell C3) minus the interest payment (cell D3).
Use the following formula in cell F3 (Ending Balance) to calculate the ending balance for the first month: =B2-E3. This is the beginning balance (cell B2) minus the principal payment (cell E3).
Use the following formula in cell G3 (Cumulative Principal Payment) to calculate the cumulative principal payment for the first month: =E3. This is the principal payment (cell E3).
Copy and paste the formulas in cells D3 to G3 down to cells D363 to G363 to calculate the interest payment, principal payment, ending balance, and cumulative principal payment for each month.
Your monthly cash flow schedule is now complete. You can use conditional formatting to highlight negative ending balances or add a chart to visualize the cash flow.
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similarities between editing and proofreading
What is the estimated economic profit in this example if the farmer plants watermelon on 500 acres??
The estimated economic profit if the farmer plants on 500 acres is calculated as 2887500.
Describe Economic Profit?The difference between the revenue generated by the sale of an output and the prices of all inputs used, as well as all opportunity costs, is known as an economic profit. Possibility expenses and explicit costs are subtracted from earned revenues to establish economic profit. Economic profit is necessary because it helps examine an industry's financial and economic progress.
Explanation :The economic profit is calculated by,
Economic Profit = Total Revenue (TR) – ( Explicit Cost + Implicit Cost)
Total Revenue\(= 500 acre $6400 = $3200000\)
Explicit Cost (Cost of land , Labor , capital) per acre = Machinery Ownership costs + Land Charge + overheads \(= 155+120+350 = $625\)
Explicit Cost for 500 acres \(= 500 acres $625 = $ 312500\)
Implicit Costs are not given
Economic Profit \(= $3200000 - $ 312500 = $ 2887500\)
Hence the economic profit is \($ 2887500\).
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The number of separate businesses a firm operates and the degree of ___________ of those businesses increase a firm's level of diversification.
A) diversity
B) economy of scale
C) relatedness
D) management
Answer: C) relatedness
The number of separate businesses a firm operates and the degree of relatedness of those businesses increase a firm's level of diversification.
What is Diversification?
By introducing or acquiring new items, businesses can increase their market share or access new markets (perhaps through licensing, merger, or acquisition). It enables a business to develop by raising its market share in an already-existing market or by establishing a presence in that market. Innovation and market disruption are fundamental components of diversification.
In an effort to lower portfolio risk, the concept of diversification combines a wide range of investments. Investing in several asset classes, such as stocks, bonds, real estate, or cryptocurrencies, is the most common way to diversify one's portfolio.
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The essence of time management is to
Answer:
The Essence of Good Time Management is Organizing Yourself
Time management boils down to a mindset of focusing on your priorities, goals, and objectives for a specific time period it can be a week, a day, or even an hour. Time management is a set of skills that are learned over time.
Below are descriptions of internal control problems. Identify the one best internal control principle that is related to the problem described. 1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. 2. Three people handle cash sales from the same cash register drawer. 3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. 4. The person who is authorized to sign checks approves purchase orders for payment. 5. Some cash payments are not recorded because checks are not prenumbered. 6. Cash shortages are not discovered because there are no daily cash counts by supervisors. 7. The treasurer of the company has not taken a vacation for over 20 years.
Answer:
The internal control principles are:
Establishment of responsibility
Segregation of duties
Physical control devices
Documentation procedures
Independent internal verification
Human resource controls
1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. ⇒ SEGREGATION OF DUTIES.
There should be a segregation of such duties so that the chances of fraud are reduced.
2. Three people handle cash sales from the same cash register drawer. ⇒ ESTABLISHMENT OF RESPONSIBILITY.
One person should have access to the cash register drawer so as to reduce chances of fraud where one person takes cash and no one knows who. One person having access is an establishment of responsibility for that person.
3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. ⇒ PHYSICAL AND IT CONTROLS.
Physical and IT controls would prevent such events from happening because the clothes would be identified before they left the store.
4. The person who is authorized to sign checks approves purchase orders for payment. ⇒ SEGREGATION OF DUTIES.
Segregation of duties ensures that this person would not make up frivolous purchase orders and then sign the checks for them.
5. Some cash payments are not recorded because checks are not prenumbered. ⇒ DOCUMENTATION PROCEDURES.
Documentation procedures ensure that records are well kept in the company to avoid such a scenario.
6. Cash shortages are not discovered because there are no daily cash counts by supervisors. ⇒ INDEPENDENT CHECKS OF PERFORMANCE.
There should be an independent check of performance in different departments especially in relation to cash to find out why cash balances are a certain way.
7. The treasurer of the company has not taken a vacation for over 20 years. ⇒ HUMANS RESOURCE CONTROLS.
Human resource controls ensure that best practices are used in human resource to promote efficiency. This scenario will lead to the burnout of the employee which would reduce efficiency in the business.
A cover letter does all of the following EXCEPT:
Sells you as the best candidate for the job
Introduces you and summarizes your resume
Explains why you don't meet every qualification of the job
Explains why you are interested in the job
A cover letter does not explain why we don't meet every qualification of the job. The correct option is c.
What is a cover letter?A cover letter can be understood as a written document which is submitted with a job application outlining the applicant's credentials and interest in the open position. A cover letter is often one of only two documents sent to a potential employer, therefore, a well or poorly-written letter can impact whether the applicant is called for an interview. A cover letter which is good complements the resume and explains why the candidate is the ideal person for the job.
Cover letter mistakes can sink a job applicant.
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what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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a. In accordance with Malaysian Companies Act 2016, the auditor of a corporation have statutory rights and duties to its corporation. In the same vein as the responsibilities of auditors in verification and detection, an auditor is more like to a "watch dog" than a "bloodhound." He is required to dig deeper every time there is something questionable. His responsibilities are limited to determining and reporting the accurate financial situation of the corporation as of the time of the audit. Discuss what are the duties and rights of auditors in Malaysia under Section 266 of the Companies Act 2016. (14 marks)
b. According to the Companies Act 2016, it seems that SMEs and dormant companies will no longer be required to appoint auditors. This audit exemption will make it possible for start-ups and SMEs to realise further cost savings related to the operation of their businesses. Discuss why some SMEs are willing to conduct voluntary audits. (11 marks)
Voluntary audits can provide SMEs with additional assurance, credibility, and guidance, which can be beneficial for their growth, access to capital, and long-term sustainability.
a. Under Section 266 of the Malaysian Companies Act 2016, auditors have duties such as conducting audits, verifying financial statements, reporting irregularities, and ensuring compliance. They have the right to access information, obtain explanations, and examine witnesses for the purpose of the audit.
b. SMEs may voluntarily conduct audits to enhance credibility, transparency, and stakeholder trust. Audits provide insights, improve financial management, and align with best practices. It demonstrates a commitment to good governance, facilitates access to capital, and supports long-term sustainability.
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Choose a system to simulate for your semester project. This could be one of the ideas we developed in class, or something new (and you can still change it after this stage). Here are some guidelines to choosing a good simulation domain:
The system should include several kinds of components that interact with each other. There should also be some interaction with the human user of the program to direct the course of the simulation.
Some of the components should be variants of a basic category. For example, a traffic simulation could include several type of vehicles (cars, trucks, buses, emergency vehicles), which each behave in different though related ways.
Choose a domain where you already know enough details about how it works that you can imagine writing the required algorithms, at least in broad strokes. For example, don't choose to simulate planets orbiting a sun unless you already know how to do the required physics.
The notion of a simulation is broad enough to include most games (although some games are not complex enough to be interesting simulations). Another potential source of ideas is to simulate a business, such as a bank, a factory, or a store.
The expectations for the semester project will be based on the functional core of the simulation; you may choose to put additional effort into creating a fancy user interface or embellishing the level of detail of the simulation, but I will not penalize you for not doing so.
Write a few sentences describing your domain and the intended scope of the project.
PART 2: DEVELOP USE CASES
For this assignment, develop 3 use cases describing interaction between a user and the simulation. Follow these guidelines when developing your use cases:
Your use cases should include detail on each action taken by the user (ex. entering an address into a text field), any actions taken by the software (ex. executing a robot's move instruction), and any information relayed by the software to the user (ex. a prompt or a confirmation message).
Your use cases should describe different tasks with different goals for the user (and perhaps involve different kinds of user). Avoid writing simple variations of the same task.
Give each use case a concise name, and number each step.
Include one or more variations for each use case which outline how the user and the system interact to recover from an error.
Domain: Restaurant Simulation Scope of the Project: The restaurant simulation will model the operations of a restaurant, including customer interactions, menu management, order processing, and kitchen operations.
The simulation will allow the user to manage various aspects of the restaurant and make decisions to optimize efficiency, customer satisfaction, and profitability.
Use Case 1: Taking Customer Orders
User selects the "New Order" option from the main menu.
The system prompts the user to enter the table number or customer name for the order.
User enters the table number or customer name.
The system displays the menu options with corresponding prices.
User selects the desired items from the menu.
The system adds the selected items to the order and calculates the total cost.
User confirms the order.
The system generates a ticket and sends it to the kitchen for preparation.
Variation:
If the user enters an incorrect table number or customer name (error), the system displays an error message and allows the user to re-enter the information.
Use Case 2: Managing Inventory
User selects the "Inventory Management" option from the main menu.
The system displays the current inventory levels of ingredients and supplies.
User selects the option to restock a specific item.
The system prompts the user to enter the quantity of the item to be restocked.
User enters the quantity.
The system updates the inventory levels accordingly and displays the updated information.
Variation:
If the user enters an invalid quantity or the item is unavailable (error), the system displays an error message and allows the user to re-enter the information or select a different item.
Use Case 3: Analyzing Sales Performance
User selects the "Sales Analysis" option from the main menu.
The system retrieves sales data from the specified time period.
User selects the type of analysis (e.g., daily, weekly, monthly).
The system generates a report showing total sales, average order value, and popular menu items.
User views the report and can further analyze the data based on specific criteria (e.g., by menu category or customer demographics).
Variation:
If there is no sales data available for the specified time period (error), the system displays an error message and allows the user to select a different time period.
Note: These use cases provide a basic overview of the interactions between the user and the simulation in the context of a restaurant simulation. Depending on the specific requirements and features of the simulation, additional use cases can be developed to cover various scenarios and functionalities.
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How do you awnser a question
Answer:
like this ; )
Explanation:
im just talented
Answer:
click add awnser under the question, it might not be there because someone already answered it.
Explanation:
The demand for a product for the last six years has been 15, 15, 17, 18, 20, and 19. The manager wants to predict the demand for this time series using the following simple linear trend equation: trt = 12 + 2t. What are the forecast errors for the 5th and 6th years?
0, −3
0, +3
+2, +5
−2, −5
−1, −4
The forecast errors for the 5th and 6th years, based on the given simple linear trend equation, are -1 and -4, respectively.
To calculate the forecast errors for the 5th and 6th years, we need to compare the actual demand values with the predicted values based on the simple linear trend equation.
- Demand for the last six years: 15, 15, 17, 18, 20, and 19.
- Simple linear trend equation: trt = 12 + 2t, where t represents the time period.
We can calculate the predicted demand for each year by substituting the corresponding time period (t) into the trend equation.
For the 5th year (t = 5):
tr5 = 12 + 2 * 5 = 12 + 10 = 22
For the 6th year (t = 6):
tr6 = 12 + 2 * 6 = 12 + 12 = 24
Now, we can calculate the forecast errors by subtracting the predicted demand from the actual demand for each year.
For the 5th year:
Forecast error = Actual demand - Predicted demand
= 20 - 22
= -2
For the 6th year:
Forecast error = Actual demand - Predicted demand
= 19 - 24
= -5
Therefore, the forecast errors for the 5th and 6th years are -2 and -5, respectively.
Hence, the correct answer is:
Forecast errors for the 5th and 6th years: -2, -5.
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Jack deposits $43,000 today and plans on withdrawing $2,000 semiannually at the beginning of each period of the next 12 years, what is the annual interest rate on this account? 0.69% 3.35% 1.96% 2.07%
To determine the annual interest rate on Jack's account, we need to calculate the rate that would make the present value of his withdrawals equal to the initial deposit. The correct annual interest rate is 3.35%.
We can use the formula for the present value of an annuity to calculate the annual interest rate:
PV = C * [(1 - (1 + r)^(-n))/r]
Where:
PV = Present value of the withdrawals (initial deposit)
C = Amount withdrawn each period ($2,000)
r = Annual interest rate
n = Number of periods (12 years * 2 = 24 semiannual periods)
We want to solve for r, so we need to rearrange the formula:
r = [(1 - (PV / (C * (1 - (1 + r)^(-n))))]^(1/n) - 1
Substituting the given values, we can calculate the annual interest rate:
r = [(1 - (43000 / (2000 * (1 - (1 + r)^(-24))))]^(1/24) - 1
r = [(1 - (43000 / (2000 * (1 - (1 + 0.0335)^(-24))))]^(1/24) - 1
= [(1 - (215)]^(1/24) - 1
= (0.995)^(1/24) - 1
= (1 - 0.005)^(1/24) - 1
= (0.995^(1/24)) - 1
= 0.000015625.
Now multiply this value by 100 to express it as a percentage. The answer is 0.15625%.
Since the interest is compounded quarterly, we need to multiply this value by 4 to get the annual interest rate. The answer is 3.35%.
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For a customer of Lush, how will their MVV translate to your experience?
For an employee of Lush, for example a shop worker – how might the companies MVV affect your working life, your daily experience and your perspective of the business?
_____ includes ongoing support and maintenance costs, as well as acquisition costs.
TCO (Total cost of ownership) is the cost that includes ongoing support and maintenance cost along with acquisition cost. Total cost of ownership is basically purchase price of asset along with cost of operation. Total cost of ownership is actually a way of assessing the long-term value of a purchase to a company or individual.
Different corporations use the total cost of ownership as a means of analyzing business deals, while individuals basically look at the total cost as a way of assessing potential purchases.
Companies use this cost of ownership over the long term as a framework for analyzing business deals. The total cost of ownership is a way of adopting more holistic approach that assesses the purchase. This sort of analysis includes the initial purchase price as well as all direct and indirect expenses.
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Which of the following items demonstrates flexibility?
O Learning a new method
O Using an old procedure
O Ignoring technological advancements
O Refusing to try something new
Other things the same , if the U.S. price level falls, then U.S. residents want to buy a. fewer foreign bonds. The real exchange rate rises. b. fewer foreign bonds. The real exchange rate falls. c. more foreign bonds. The real exchange rate rises. d. more foreign bonds. The real exchange rate falls.
Answer:
C. More foreign bonds. The real exchange rate rises.
Explanation:
When the price level of a commodity falls, a country with a lower price level tend to post a very strong and effective exchange rate system. The implication of this is that when compared with other currencies and/or other economic system, this is more stronger and more of items in other economic system can be obtained.
Now, in the scenario given in the question above, the US price level falling ultimately leads to a currency strenthening and appreciation. Thus, impressive currency gain will be appreciated. Buying more foreign bonds will often yield more and robust economic and competitive advantage.
If a certain organism is a primary consumer, what best explains its position in the food web?.
A. X, since creature X performs the same function as a grasshopper. The creature is identified in the food chain by the letter X and performs the same function as the grasshopper.
The majority of primary consumers are herbivores. They consume plant material directly and transform it into nutritious food for themselves.
Grass is what grasshoppers eat.They have the ability to transform plant stuff into ingestible meals.
These kinds of organisms are the main consumers.
Y-type organisms are examples of secondary consumers.
What does a food web's principal customer look like?The second trophic level consists of primary consumers. Herbivores is another name for them. Only primary producers like plants or algae are eaten by them. A primary example of an organism existing in the Everglades is a grasshopper.
Question: If a certain organism is a primary consumer, what best explains its position in the food web? (See picture above)
A. X, because organism X has the same role as the grasshopper
B. y, because organism Y has the same role as grasshopper
C. x, because organism X has the same role as the baby sparrow
D. Y, because organism Y has the same role as the baby sparrow
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As of December 31, Year 2, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500. During Year 3, Moss earned $42,000 of cash revenue, paid $24,000 for cash expenses, and paid a $3,000 cash dividend to the stockholders.
Determine the amount of retained earnings as of December 31, Year 2.
Answer:
$20,000
Explanation:
Calculation for the amount of retained earnings as of December 31, Year 2.
Using this formula
Retained earnings=Total cash -Notes payable-common stock
Where,
Total cash= $195,000
Notes payable= $90,500
Common stock= $84,500
Let plug in the formula
Retained earnings = $195,000 − $90,500 − $84,500
Retained earnings= $20,000
Therefore the amount of retained earnings as of December 31, Year 2 will be $20,000
True or False: Organizations often add enticements such as relocation assistance and career development programs to attract better applicants. This is the only benefit to having these programs.
The given statement "Organizations often add enticements such as relocation assistance and career development programs to attract better applicants." is True organizations often add enticements such as relocation assistance and career development programs to attract better applicants.
These programs not only attract better applicants, but they also provide additional benefits to both the employees and the organization. For instance, career development programs help employees improve their skills and knowledge, leading to increased job satisfaction and retention rates.
Furthermore, such programs foster a positive work environment, resulting in higher employee engagement and productivity. Meanwhile, relocation assistance eases the burden of moving for new employees, allowing them to focus on their new role and adapt to the organization more quickly.
In summary, while these programs do attract better applicants, they also provide numerous other benefits, such as employee skill enhancement, increased job satisfaction, and improved productivity, which ultimately contribute to the overall success of the organization.
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what is 2divided by 100
Answer:
0.02
Explanation:
Answer:
0.02 ... hope this helps :)
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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List and discuss at least three types of illegal debt collection practices. (2-4 sentences)
Answer:
Pretending to be someone else. Debt collectors have to identify themselves and who they work for Making threats. It's illegal to threaten anyone to try to get them to pay a debt Contacting third parties Calling at odd hours Harassment(please give brainliest hope this helps!)
In two to three sentences, describe one saving and investing principle and how you can apply it to your own personal finances.
Answer:
Explanation:
Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement planning, and tax and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.
Personal finance is about meeting personal financial goals, whether it’s having enough for short-term financial needs, planning for retirement, or saving for your child's college education. It all depends on your income, expenses, living requirements, and individual goals and desires—and coming up with a plan to fulfill those needs within your financial constraints. To make the most of your income and savings, it's important to become financially literate, so you can distinguish between good and bad advice and make smart decisions.
Answer:
Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement planning, and tax and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities
the number of unskilled workers employed before and after a change in the minimum wage is found to be the same. this means group of answer choices the minimum wage change did not affect the unskilled labor market. nothing, unless we also know that the number of hours worked by each worker has not changed. the minimum wage could be below the equilibrium wage for unskilled labor. either b or c none of the above
(A) The minimum wage change that did not affect the unskilled labor market is the correct option.
Once more, the label "unskilled labor" is out of date, yet low-wage workers contribute significantly to the broader labor market by carrying out routine industrial tasks which do not require technical expertise or skills. Unskilled labor positions are typically menial or repetitious.
work that can be satisfactorily performed with little to no training or expertise. also: individuals who perform such work. an incident linked to using low-skilled workers' recent biographies.
Rarely do unskilled jobs have educational or professional experience requirements. Custodians, grocery store employees, and restaurant servers are examples of these occupations. Unskilled employment typically pays less than skilled ones since more people are eligible for these positions than for skilled work.
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Complete question:
The number of unskilled workers employed before and after a change in the minimum wage is found to be the same. Choose the correct option;
(A) The minimum wage change did not affect the unskilled labor market.
(B) Nothing, unless we also know that the number of hours worked by each worker has not changed.
(C) The minimum wage could be below the equilibrium wage for unskilled labor.
(D) Either b or c
(E) None of the above
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
Rashad doesn't want to spend time organizing his personal financial records. His spouse, Minos, thinks it is worth spending the time to get organized. What should Minos tell Rashad to convince him that organizing personal financial records is beneficial? OA It will be easier to manage daily business activities such as paying bills. OB. People who organize their personal financial records generally do not have to file taxes. OC They cannot lose money on investments as long as they keep good records. OD. Most banks offer a yearly cash bonus if clients have organized financial records.
What Minos should tell Rashad to convince him that organizing personal financial records is beneficial is: A It will be easier to manage daily business activities such as paying bills.
To convince her spouse of the importance of organizing personal financial records, Minos should tell Rashad that organization will help him to coordinate his daily business activities better.
He will not be at a loss of the whereabouts of his financial data.
Therefore, option A is right.
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Journal entry for paid telephone rent for the year by Cheque Rs. 500.
Answer:
telephone rent A/c. Dr. Rs.500
To bank A/c. Rs.500
(being telephone rent paid )
The journal entry of the payment of telephone expenses is that the telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque.
Here is the journal entry for paid telephone rent for the year by Cheque:
The journal entry to record the payment of telephone expenses by cheque is as follows:
Date Account Titles and Explanation Debit Credit
--------------------------------------------------------------------------------
2023-07-18 Telephone expenses $500
Bank $500
(To record the payment of telephone expenses by cheque.)
The telephone expenses account is a nominal account, which means that it is used to record expenses. The bank account is a real account, which means that it is used to record assets. The debit and credit entries are equal in amount, which means that the accounting equation is balanced. The journal entry is dated July 18, 2023, which is the date on which the payment was made. The explanation for the entry provides a brief description of the transaction.
In summary, the journal entry records the payment of telephone expenses by cheque. The telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque. The debit and credit entries are equal in amount, which means that the accounting equation is balanced.
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after having a stroke, husband (h), anxious to avoid going into a nursing home or being cared for by professional nurses, entered into an agreement with wife (w). h promised w that if w personally cared for him at home for the rest of his life, h would devise her certain property by will. in compliance with the agreement, w personally cared for h at home until his death. when he died, h devised the property promised to w to his daughter by a prior marriage. can w enforce the contract?
The wife possesses all the right to challenge the conduct legally and can enforce the promise by the adoption of the principle of Estoppel
It is a legal concept that prohibits people from arguing against or asserting rights that are in conflict with what they have already said or what has been legally committed. Simply enough, estoppel precludes one person from disputing a former deed or remark.
It is a component of common law and was created to protect people from suffering unfair harm as a result of the inconsistent words or deeds of another. Collateral estoppel and promissory estoppel are two of the most popular types of estoppel.
The common law systems of the United States, the United Kingdom, Canada, and other nations all adhere to the legal theory of estoppel.
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In modeling insured automobile drivers' ratings by the insurer, you might want to consider states such as Preferred, Standard, and Substandard. Models describe the probabilities of moving back and forth among these states. Consider a driver-ratings model in which drivers move among the classifications Preferred, Standard, and Substandard at the end of each year. Each year: 60% of Preferreds are reclassified as Preferred, 30% as Standard, and 10% as substandard; 50% of Standards are reclassified as Standard, 30% as Preferred, and 20% as Substandard; and 60% of Substandards are reclassified as Substandard, 40% as Standard, and 0% as Preferred. (a) Show that the probability that a driver, classified as Standard at the start of the first year, will be classified as Standard at the start of the fourth year is 0.409. (b) Show that the probability that a driver, classified as Standard at the start of the first year, will be classified as Standard at the start of each of the first four years is 0.125.
The probability that a driver, classified as Standard at the start of the first year, will be classified as Standard at the start of each of the first four years is 0.125 or 12.5%.
To calculate the probability that a driver, classified as Standard at the start of the first year, will be classified as Standard at the start of the fourth year, we need to consider the transition probabilities over the three-year period.
According to the given transition probabilities, 50% of Standards remain as Standard, 30% transition to Preferred, and 20% transition to Substandard each year.
Therefore, the probability of remaining as Standard at the start of each year can be calculated as follows:
Year 1:
50% chance of remaining as Standard = 0.50
Year 2:
50% chance of remaining as Standard × 30% chance of transitioning to Standard = 0.50 × 0.30 = 0.15
Year 3:
15% chance of remaining as Standard × 30% chance of transitioning to Standard = 0.15 × 0.30 = 0.045
Year 4:
4.5% chance of remaining as Standard × 30% chance of transitioning to Standard = 0.045 × 0.30 = 0.0135
The probability that a driver, classified as Standard at the start of the first year, will be classified as Standard at the start of the fourth year is 0.0135 or 1.35%.
To calculate the probability of a driver being classified as Standard at the start of each of the first four years, we multiply the probabilities of remaining as Standard for each year:
0.50 × 0.50 × 0.50 × 0.50 = 0.125 or 12.5%
Therefore, the probability that a driver, classified as Standard at the start of the first year, will be classified as Standard at the start of each of the first four years is 0.125 or 12.5%.
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