Good recordkeeping helps protect assets and helps managers monitor company activities.

Answers

Answer 1

Maintaining accurate records enables managers to keep an eye on business activity and protect assets. Employees handling cash and easily movable assets should be bonded, and assets should be insured.

Briefing:-

An employee who has access to an asset is not permitted to have access to the accounting records for that item.

Quiz: Why is a strong record-keeping system crucial?

Any business must maintain accurate records. Whether it's to assist in cost management, for legal, regulatory, or tax reasons; or simply to assist in managing and enhancing your company. It's crucial to successfully gather, store, and analyze your data.

Is there a system in place to regulate the acceptance of obligations and cash payments?

a system of guidelines and approvals intended to regulate the acceptance of obligations and the disbursement of payments.

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Related Questions

Depreciation is an ______ flow that represents a noncash accounting entry.

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Depreciation is a noncash accounting item that is represented by an accounting flow.

What does depreciation indicate in the cash flow statement exactly?

Depreciation is a cost of this type that is used to reduce an asset's carrying value. It is a planned, anticipated expense as opposed to a declared outlay. Depreciation is included in the income statement, cash flow statement, and balance sheet.

Depreciation is considered described as a non-cash expense for a reason.

Depreciation must be listed with other costs like amortization and depletion in the operational activities section of the cash flow statement because it is a non-monetary expense.

Because depreciation often involves a recurrent charge to the carrying amount of a fixed asset with the goal of reducing the recorded cost of the asset over the course of its useful life, it is categorized as a non-cash item.

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How was the US economy affected after the World war 1?

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By the end of 1919 in  US, stock values started to decline. Six months later, wholesale prices started to decline. A serious industrial depression had emerged by the fall of 1920. Between March 1920 and July 1921, factory employment fell by 30%.

The United States of America, also referred to as the US or America, is a nation that is largely located in the continent of America. There are 326 Indian Reservations, 5 Significant Unincorporated Territories, 9 Minor Outlying Islands, and 50 States in the union. It is the third-largest country on earth in terms of total area and land. Its marine borders are shared by a number of countries, including Russia, Cuba, and the Bahamas. It is the most populated nation in the Americas and the third most populous nation worldwide with a population of more than 333 million. Washington, D.C., is the country's capital city and financial hub.

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What impact will higher wages have on the labor force participation of women? 

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Young black women with college degrees had the highest lifetime incomes but lower labor force participation rates.

In comparison to men, women have fewer opportunities to make money globally. Women are less likely to actively search for work or do paid labor. Compared to 80% of men, only slightly more than 50% of women in the world work. People's labor force involvement varies depending on demographic parameters such sex, birth year, education, marital status, and the presence of young children at home. Low female labor force participation in India is a complex socioeconomic phenomenon caused by factors like rural-urban migration, patriarchal attitudes, and an imbalance in supply and demand. Wages Increase for Men and Women When More Women Work. based on data from 250 U.S. cities over 30 years. The greatest major economic shift during the previous century was probably the rise of women in the paid employment.

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All of the following are economic characteristics of real property, EXCEPT:



A. scarcity

B. immobility

C. location

D. permanence

Answers

B is the proper answer. Physical immobility, not economic immobility, is a property of land.

Real property is defined as.

Everything that is securely attached to a plot of land is deemed real property. Real estate owners are eligible for all ownership rights, including the ability to acquire, sell, rent, and utilize their property however they see fit. Real estate can be classified as residential, commercial, agricultural, industrial, or having a specific use depending on how it is generally used.In order to ascertain whether you have the right to sell your home, you must be aware of the rights you do and do not own in the property. Real property, which is more complete than real estate, refers to the rights, interests, and benefits that come with real estate ownership.

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Is Colonialism a colonization?

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The act or process of settling among and gaining influence over an area's native population is known as colonization. The technique of obtaining full or partial political control over another nation, populating it with people, and then economically exploiting it is known as colonialism.

In general, settler colonialism, exploitative colonialism, surrogate colonialism, and internal colonialism are the four types of colonialism that have been frequently differentiated in modern studies of colonialism.

For instance, England colonized the eastern seaboard of North America, Spain conquered central America, and Russia settled Siberia. All of them are instances of colonialism.

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What is the belief that the british should have permission from the colonists before they pass taxes?

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The belief that the British should have permission from the colonists before passing taxes is known as "no taxation without representation."

This belief held that the colonists, as British citizens, should have a say in the taxes they were required to pay. The colonists argued that they were being taxed without having any representation in the British government, which they believed was unjust. It was a central principle that led to the American Revolution, as the colonists believed they were being treated unfairly by the British government.

The slogan "No Taxation Without Representation" was used by the colonists to express their anger against the British government's efforts to raise revenue through taxes on the colonies. The British government's refusal to grant representation to the colonists in the British Parliament was one of the main reasons for the American colonies to declare their independence from British rule.

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Honoring a note receivable indicates that the maker has:
a. Signed
b. Cosigned.
c. Paid in full.
d. Notarized.
e. Guaranteed.

Answers

C) Redemption of the promissory note indicates that the manufacturer paid in full.

What are Notes Receivable?

A bill receivable is a claim dealing specifically with a promissory note. A promissory note is a written promise to pay a specified amount (such as repayment of a loan). Debentures can be paid on demand or at a specified time in the future. It is the recipient who is entitled to the payment.

The payer is the person who pays the bill. For bills receivable, you (the company) are the payee. The Note Maker is the original Note Maker and is often the payer, but may be different if the obligation to pay is transferred.

The note principle is the basic amount that this is paid for. The note may also state the amount of interest to be paid along with the principal. Interest is the amount you pay to borrow money and pay it back. Interest serves as a form of income.

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How did women's roles change during and after World War II?

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During World War II, women's roles changed dramatically as they entered jobs traditionally held by men. Women started working in factories, becoming welders, mechanics and even airplane pilots.

They also joined the military and took on the roles of nurses and support staff. After the war, women continued to take on these new roles and also began to enter the workforce in greater numbers. Women's roles changed drastically as they began to become more independent and gain more responsibility in the workplace. This role shift created a new wave of female empowerment and laid the groundwork for the feminist movement of the 1960s and 1970s.

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Brown corporation earns $600,000 and pays cash dividends of $200,000 during 2012. Dexter corporation owns 3,000 of the 10,000 outstanding shares of brown. What amount should dexter show in the investment account at december 31, 2012 if the beginning of the year balance in the account was $800,000?.

Answers

1.2 million why bozo you cheating

What does the birdcage symbolize in triples?

Answers

The birdcage represents Mrs. Wright's marital jail in Trifles. Glaspell makes associations between the bird Mrs. Wright kept and her allegedly murdered husband.

Susan Glaspell wrote a one-act drama titled Trifles. On August 8, 1916, Provincetown Her Players premiered at the Wharf Her Theater in Provincetown, Massachusetts. Glaspel played Mrs. Hale in her premiere. The play is regularly cited in American literature textbooks.

The play contrasts how women behave in public and private, how they appear in front of other women, and how they appear in front of men. During the first wave of the feminist movement Written After Trifles became popular with her, Glaspell adapted the play into her short story and renamed it her A Jury of Her Peers.

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The Federal Sentencing Guidelines for Organizations set the tone for organizational ethics compliance programs by: Select one:
a. codifying into law incentives for organizations to take action such as developing ethical compliance programs to prevent misconduct.
b. forcing all organizations to develop mandatory reporting systems and ethics programs.
c. eliminating most of the federal legislation that created inefficient and time-consuming activities for businesses.
d. providing detailed guidelines for how to set up organizational ethics programs to guard against unethical conduct.
e. providing a thorough examination of company codes of ethics to determine whether they are sufficient.

Answers

Organizational ethical compliance was established by the federal sentencing guidelines for organisations (FSFO), which were passed by Congress in November 1991.

What is the name of the certification scheme that acknowledges sustainable building techniques and methods among the following?

A green building certification programme called LEED (Leadership in Energy & Environmental Design) honours best-in-class building techniques and procedures. The U.S. Sentencing Commission has established a set of regulations known as the Federal Sentencing Guidelines for Organizations. These regulations create a uniform national standard for the punishment of those convicted of federal felonies or Class A misdemeanours, or in our situation, organisations.

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What are the types of gross domestic product?

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There are three different types of Gross Domestic Product (GDP): nominal GDP, real GDP, and per capita GDP.

Nominal GDP is the total market value of all goods and services that a country produces in a year when measured at current price levels. It does not adjust for inflation or other changes in the cost of living.

Real GDP measures the value of all goods and services produced in a given year adjusted for inflation. This allows for an apples-to-apples comparison of economic output between different years.

Per capita GDP is the total value of all goods and services produced in a given year divided by the population of the country. It measures the average output of an individual citizen in a country

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What are the effects of scarcity?

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The major core of Economics is Scarcity. It indicates that there is a gap between the supply of an item or service and the demand for it. As a result, customers, who ultimately drive the economy, may have fewer options due to scarcity.

The lack of resources in society prevents the production of all the desirable goods, which leads to scarcity. Due to scarcity, we must carefully manage the utilization of comparatively limited resources in order to meet our seemingly endless and conflicting wants. When the demand for a natural resource, good, or service exceeds the supply, there is scarcity. Prioritizing our options based on scarcity can help us be more productive. For instance, the stress of a deadline concentrates.

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Which of the following statements best describes the connection between the scarcity model and the model of demand and supply? An increase in wants is identical to an increase in demand. An increase in availability is only shown by a rightward movement along a stationary supply curve An increase in demand implies that the availability of the product has decreased and so its price rises. An increase in supply implies the price of the product has decreased since it less scarce than it previously was. All of the above

Answers

The relationship between the scarcity model and the demand and supply model is best described by the following statements: Increased desires are equivalent to increased demand.

Which of the following best sums up how the scarcity model and the demand and supply model are related?

The right response is b because there is a shortage of resources compared to the demand for them.

Which of the following happens as a result of a regular good's price going up and its replacement effect?

The price of one good and the amount demanded for another good have a direct correlation, according to the substitution effect. The quantity of another good will be wanted in greater amounts if the price goes up.

Which of the following market modifications would cause the supply curve to move from the old supply to the new supply?

a rise in the cost of a complementary good that is currently being produced.

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A hark i located at -57. 4 meter. A bird i located at 28. 9 meter. What i the ditance between the hark and the bird?

Answers

The distance between the hark and the bird is 86.3 meters. To calculate this distance, we used basic subtraction.

We subtracted the location of the bird (28.9 meters) from the location of the hark (-57.4 meters). This resulted in a negative value, which was then multiplied by -1 to produce the positive value of 86.3 meters.

28.9×(-57.4)=-86.3

The distance between two points is the length of the straight line connecting them. This distance is often called the hypotenuse in a right triangle. The hypotenuse is the side opposite the right angle, and it is calculated by the Pythagorean Theorem. This theorem states that the square of the hypotenuse is equal to the sum of the squares of the other two sides. In this case, the other two sides are the location of the hark and the location of the bird, and the hypotenuse is the distance between them.

The distance can be used in a variety of ways. It can be used to measure the distance between two points on a map or the Earth. It can be used to measure the distance between two cities or two countries. It can also be used to measure the distance between two objects in space.

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What is the definition of a subsidy?

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A subsidy is a financial assistance provided by a government or other organization to support a particular industry, business or activity.

Subsidies can take many forms, including direct payments, grants, tax breaks, or low-interest loans. The goal of a subsidy is to make a specific activity or industry more economically viable by reducing the costs of production or increasing the revenue of the business, thus allowing them to operate at a lower cost, to expand, or to create jobs.

Subsidies can be provided to a wide range of businesses, organizations, and individuals and can have different objectives, some examples of these objectives are:

1. Encourage the development of new industries or technologies.

2. Promote economic development in certain regions or communities.

3. Help businesses to compete with foreign companies.

4. Support farmers and rural communities.

5. Improve access to goods and services for low-income consumers.

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in what year did the us last experience double digit inflation?

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United States  had two years of back-to-back double-digit inflation. It happen on 1974 and 1979-80 or known as World War I.

In economy, Inflation generally can be defined as the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as  the increase in the cost of living in a country or also the overall increase in prices. United States  had two years of back-to-back double-digit inflation. It happen on 1974 and 1979-80 or known as World War I. in March and April of 1980, The inflation rate hit a record high of 14.6%.

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Solve it for loads of points :)

Answers

The concept map will be explained thus

Title: "Business Decisions and Accounting: Interconnected Relationship"

What is a concept map?

A concept map is the diagram or graphical tool which visually represents relationships between concepts and ideas

Business Decisions: Represent the choices and actions that organizations take to achieve their goals and objectives.

Accounting: Represent the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

Business decisions and accounting are interconnected, as the information provided by accounting is used to make informed business decisions. Business decisions, such as investments, financing, and expansion, can have financial impacts that are reflected in accounting records. On the other hand, accounting information is used to evaluate the performance of the business and make decisions about the allocation of resources.

In summary, business decisions drive the financial transactions that are recorded in accounting, and accounting provides the financial information that is used to make informed business decisions.

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A 5—year 5% annual coupon bond yields 4%. Compute the Macaulay duration of the bond. Do this by filling in the following table. Do not round — keep many decimals so that your duration should be accurate to 4 decimals.

Answers

An open-source framework called Bond is used to automate and manage network infrastructures.

How do bonds work?

An open-source framework called Bond is used to automate and manage network infrastructures. It offers a strong, safe, and integrated framework for orchestrating networks and services. Network operators can easily and quickly manage their infrastructure, automate it, and develop and launch new services thanks to Bond. Additionally, Bond offers a broad range of tools for automating, watching over, and administering networks of all sorts, from tiny local networks to huge, dispersed networks. Bond can be integrated with other open-source and for-profit products and is intended to be simple to use, extendable, and modular.

Time Until payment; Payment Discount at 4%; Weight: Column (1) x Column (4)

1; 50; 0.9615384; 48.0769231;

2; 50; 0.9259259; 46.2962963;

3; 50; 0.8928710; 44.6435551;

4; 50; 0.8613445; 43.0672269;

5; 1050; 0.8313253; 871.224922;

Column Sum: 1000; 4.00000000; 400.00000000; 3367.181818

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You'll get a detailed solution from a subject matter expert that helps you learn core concepts.

Common with norming is intergroup conflict. True or False?

Answers

False, During Norming, the group begins to establish ground rules and decide how they want to collaborate.

What exactly may indeed group norming entail?

During the Norming stage, team members' attention shifts to the team's goals and they become more productive in both their individual and collective activities. The group may determine that this is the ideal time to evaluate their productivity and working processes.

What does conflicting norm mean?

Teams that successfully complete the storming phase resolve conflicts and exhibit a semblance of togetherness. Agreement develops over the identity of the leader or leaders and the duties of each member throughout the norming stage. When interpersonal disputes start to be resolved, a sense of coherence and oneness starts to take shape.

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Dakota, a manager for a large trucking company, is beginning to evaluate his truck drivers but is unsure of which type of evaluation to use. He has data on the number of miles driven, customer complaints, number of traffic tickets, absences, and number of weight violations. How would you advise Dakota? Multiple Choice

Explain he should use subjective appraisal, as the data will not yield an effective evaluation.

Persuade him that forced ranking appraisal would be best because it would create competition.

Convince him to use a behavioral appraisal to catalogue the customer complaints.

Assure him that with the data he has, an objective appraisal would give feedback on how to evaluate and support the drivers.

Tell him to complete a 360-degree feedback appraisal with input from multiple stakeholders.

Answers

Option D is correct, Assure Dakota that with the data he has, an objective appraisal would give feedback on how to evaluate and support the drivers.

It is a procedure for gathering, looking up, evaluating, and documenting data regarding an employee's value. The fundamental goal of performance reviews is to gauge employee performance, help them perform better, and raise their potential and worth to the business.

The three main purposes of assessment are to give each individual sufficient feedback on their performance, to act as a foundation for behavior modification or change toward more productive working habits, and to give management information with which to assess future job assignments. comparison of prices. The Cost Approach and Income Approach are the two most typical approaches.

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What are the 6 effects of desertification?

Answers

Desertification is the obliteration of the natural capability of the land and it is for the most part seen as a high level phase of land debasement

Desertification is the process by which fertile land becomes desert, typically as a result of human activities such as overgrazing, deforestation, and poor irrigation practices.

The six effects of desertification are:

1. Loss of biodiversity: Desertification can cause the loss of plant and animal species that are unable to adapt to the changing conditions.

2. Soil erosion: As vegetation is removed, the soil can become loose and vulnerable to erosion by wind and water.

3. Reduced agricultural productivity: As the soil becomes less fertile, it can become more difficult to grow crops and raise livestock.

4. Increased water scarcity: Desertification can lead to a decline in the availability of water, both for human consumption and for irrigation.

5. Forced migration: As conditions become more difficult, people may be forced to leave their homes in search of better opportunities.

6. Increased risk of natural disasters: Desertification can lead to an increase in the frequency and severity of natural disasters such as droughts and wildfires.

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What are some ways that farmers can reduce water pollution caused by agricultural runoff?

Answers

Agricultural runoff pollution may be reduced if farmers use the three major techniques: source management, process management, and end treatment.

In order to reduce Agricultural runoff, Farmers can plant shrubs, grasses, and trees along the perimeter of their farms; this is especially crucial for farms that border bodies of water. By collecting or sifting out minerals before they enter a water body, planted buffers can aid in preventing fertilizer loss from fields. If the contaminants do not drop below the safe threshold, end treatment remains the only option left to prevent harm to the receiving water.

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Is direct expense fixed or variable?

Answers

Variable, Oftentimes, direct costs are variable costs, meaning they fluctuate in reaction to production levels and inventory levels.

A department, a service, or a product could be the cost object and the origin of a direct cost. Direct and indirect costs are the two main types of expenses or prices that firms may incur. Oftentimes, direct costs are variable costs, meaning they fluctuate in reaction to production levels and inventory levels. However, it can be more difficult to link some expenses, such as indirect costs, to a specific product.

It's critical to keep in mind that even if production or sales volume reach zero, all non-discretionary fixed expenses will still be incurred. For instance, a business might pay a salesman a fixed monthly salary plus a percentage commission for each item sold beyond a predetermined threshold.

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What is between static and dynamic?

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The difference between static and dynamic can be seen in the way data is stored and processed. Static data is stored in the same location and does not change over time, while dynamic data is constantly changing and stored in different locations or formats.

Static data can be accessed quickly and efficiently, while dynamic data requires more complex processing and often requires more computing power to access the data. Static data is usually used for information that is not expected to change over time, while dynamic data is more suitable for large amounts of data. A static page would contain information that generally does not change, such as company contact information, while a dynamic page would be frequently updated with new content, such as blog posts or articles.

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What was the British takeover?

Answers

In order to establish new colonies, or settlements, England, the country that is now known as Britain, sought out more land elsewhere.

These colonies would supply England with priceless goods like tobacco, sugar, and metals, which they might also export to other nations. According to the National Archives, the empire controlled about 25% of the planet's landmass, including substantial portions of North America, Australia, Africa, and Asia. Other regions, particularly in South America, had close trade ties to the empire.

In addition to the Bermudas, Honduras, Antigua, Barbados, and Nova Scotia, there were British American colonies in New England, Virginia, and Maryland by 1670. In 1655, Jamaica was conquered, and starting in the 1670s, the Hudson's Bay Company established itself in what is now northwest Canada.

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Why does the Fed increase interest rates?

Answers

The Federal Reserve (the Fed) increases the interest rate to make borrowing money more costly, hence reduces consumption and removes money from the market.

In an attempt to reduce the inflation and stabilize the economy, the Federal Reserve will resort to increasing the federal funds rate, selling government securities such as Treasury bonds, removing money from the banking system, and raise the cost of borrowing money. The increase in interest rates will also increase the interest rates for loan or credit such as credit cards, automotive loans, and other financing as well, thus discourages spending from the market, and reducing the demand for goods and services and constricting the money supply.

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A town has a population of 2000 and grows at 2. 5% every year. To the nearest year, how long will it be until the population will reach 2700?.

Answers

A town has 2000 people and is growing at a 2.5% annual rate. It will take 7 years, or the closest year, for the population to reach 2700.

In order to calculate the time it will take for the population to reach 2700, we need to use the formula for exponential growth:

P = P0 * (1 + r)^t

Or,

P * r ^ t=  P0

Where:

P is the final populationP0 is the initial population (2000)r is the growth rate (2.5%)t is the number of years

Hence:

2000 * (1.025)^t = 2700

Where t is the number of years that have passed.

We can rearrange this formula to solve for t using the natural log method as follows:

ln(1.025^t) = ln(2700/2000)t * ln(1.025) = ln(1.35)t = ln(1.35)/ln(1.025)

t is approximately equal to 6.6 years, rounded to the nearest year, t is 7 years.

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Darrin lives in washington, d. C. , which has a sales tax of 6%. He just bought a video camera whose full price was $620, but after sending in a rebate form, he later received a check in the mail for $95. What was the total amount that darrin ended up paying after receiving the rebate?.

Answers

The total amount Darrin paid after receiving the rebate would be $525. It is the basic concept of finding the final price after discount.

To find the final price that Darrin paid for the video camera after receiving the rebate, you need to subtract the amount of the rebate from the original price of the camera. In this case, the original price of the camera is $620, and the rebate he received is $95.

So, to find the final price, you subtract the rebate amount from the original price:

$620 - $95 = $525.

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Allocative efficiency involves determining:

Answers

Allocative Efficiency: Determining What Should be Produced?

A reallocation of assets can, therefore, improve normal welfare and a Pareto enchancment is feasible.

How do you decide allocative efficiency?

There is no unique method to derive allocative efficiency. It is, however, represented as P=MC, the place P is the price of items and services and MC is the marginal cost. Marginal value describes the upward shove or fall in fee related with producing or presenting offerings to an additional consumer.

Key Takeaways. Allocational or allocative, efficiency is a property of an efficient market whereby all items and services are optimally disbursed among consumers in an economy.

Allocative Efficiency: Determining What Should be Produced

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