average. less than 2 The demand for labor to raise and harvest corn is an ___________ relationship between price of farm labor‚ interest‚ rent‚ profit‚ and the quantity of corn demanded. indirect An example of ______________ is farm labor as derived from the demand for corn. derived demand As the price for labor drops in a competitive firm‚ _________ labor resources are added when compared with the case of an imperfectly competitive firm. more If an increase in the price of cars increases the
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likely than not) that an outflow of resources embodying economic events will be required to settle the obligation. 3). A reliable estimate of the obligation can be made. Q2.What is a contingent liability? What is the financial reporting treatment for contingent liabilities? Contingent liabilities are defined in IAS 37 as one of the following: • Possible obligations that arise from past events and whose existence will be con- firmed by the occurrence or nonoccurrence of a future event. • A present
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Unit 1- Developing Effective Communication in Health & Social Care P5: participate in a one-to-one interaction in a health and social care context My conversation will be between a mother of a pupil and me‚ a teacher working in the school which the pupil attends. Mrs Morris who is the mother of the pupil called Ryan Morris who is in year 11. Over the last four years‚ Ryan has been respectful and caring towards staff and pupil and was on target in all subjects. Since Ryan has been in year 11 he
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dependents. Their income from all sources this year (2009) totaled $200‚000 and included a gain from the sale of their home‚ which they purchased a few years ago for $200‚000 and sold this year for $250‚000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $16‚500 of itemized deductions. a. What is the Jackson’s taxable income? $111‚600 realized income $200‚000 minus excluded income $ 50‚000 (gain from sale of house) gross
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Customer Centric Service Kaplan University Unit 1 AB221 Malana Crofoot 01/10/2012 Unit 1: Customer Centric Service When a person owns or operates a business there is an expectation to deal with persons outside of themselves. Knowing this it is best to give those people the best impression possible in order to gain customer loyalty and repeat business. If I owned a business‚ I would try to treat every customer as if they were my first. That first customer is very crucial
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dollars in fines‚ and even jail time for some employees. Siemens had to work hard to bounce back from such a setback. However‚ the hard work has paid off‚ now that Siemens has more control over their international subsidiaries and a ethical code of business. 2. Most countries lack adequate laws or enforcement to deal with bribery and other forms of corruption. Why is this? How do countries benefit from a strong rule of law that minimizes corruption? Many developing countries do not have the legislation
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Chapter 5 – Entrepreneurship Entrepreneurship – strategic thinking and risk-taking behaviour that results in the creation of new opportunities for individuals and/or organizations Entrepreneurs – risk-taking individuals who take actions to pursue opportunities and situations others may fail to recognize or may view problems Study Question 1: Entrepeneurs are… Franchise Outlet Small Retail shop (convenience store) Self-employed service business (hair dresser that cuts hair in basement) Innovate
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Chapter 13 Essay Questions 1. The presidential campaign for Andrew Jackson had started early—on February 9‚ 1825‚ the day of John Quincy Adams’s controversial election by the House—and it continued noisily for nearly four years. Even before the election of 1828‚ the temporarily united Republicans of the Era of Good Feelings had split into two camps. One was the National Republicans‚ with Adams as their standard-bearer. The other was the Democratic-Republicans‚ with the fiery Jackson heading their
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________________________ Class: ___________________ Date: __________ ID: A CH 11 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ ____ ____ 1. Timmy makes $100 per week as a taxidermist. He spends all this income to buy pizza and hair gel. The price of a pizza is $10 and the price of a bottle of hair gel is $4. If Timmy buys 5 bottles of hair gel‚ then he buys ____ pizzas. a. 10 b. 4 c. 8 d. 20 e. None of the above answers is correct. 2. Sarah earns $500
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Calculate the contribution margin per unit. CM= $20 - $4 - $1.60 - $0.40 - $2 = $12 Contribution Margin Ratio = CM/Selling Price =12/20=0.6 Thus‚ the breakeven point in total sales dollars is: Fixed Costs = 96000/0.6 = $160‚000 Contribution Margin Ratio 2. Calculate the number of units Northenscold’s must sell each year to break even. FC/CM 96000/12 =8000units 3. Calculate the number of units Northenscold’s must sell to
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