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ELEN [110]
3 years ago
8

If everyone paid taxes equal to 10 percent of their total annual income, the value of correlation coefficient for income and tax

es would be nearest to____________.
Business
1 answer:
antoniya [11.8K]3 years ago
3 0

Answer:

the value of correlation coefficient for income and taxes would be nearest to 1

Explanation:

Correlation coefficient measures the strength of relationship between two variables. If r is close to one there is a positively strong correlation between the two variables, if it is close to -1, the is negatively weak relationship between the two variables.

the value of correlation coefficient for income and taxes would be nearest to 1, if everyone paid taxes equal to 10 percent of their total annual income.

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West County Bank agrees to lend Drake Builders Company $400,000 on January 1. Drake Builders Company signs a $400,000, 6%, 6-mon
viva [34]

Answer:

The answer is b.Cash ,000 Notes Payable ,000

Explanation:

The exact entry Drake Builders Company has to record in its accounting book for the proceeds received from the issuance of the note is:

1st January

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Cr Note Payable          400,000

As at the time the note is issued, no interest expenses has been incurred, all the answer with Interest expenses can be eliminated.

In fact, interest expenses is only incurred and accrued during the lifetime of the note, based on the number of days the note is hold; that is, from the day the fund is lend out to Drake Builders Company; not on the day of issuance.

6 0
3 years ago
If these are the only four sellers in the market, then when the price decreases from $4 to $2, the market quantity supplied
inn [45]

Answer:

Decreases by 50 percent

Explanation:

The law of supply asserts that other things remaining constant, the quantity of goods and services supplied increases as price rises. Therefore, the price and quantity supplied are directly related. Should the price fall, the quantity supplied will also decrease. Producers will prefer to supply more when the price is high to make more revenue.

The supply curve is upward sloping indicating how quantity supplied changes at different price levels. In the case, the price has decreased from $4 to $2, which represents a 50 percent drop. The quantities supplied will decrease as per the law of supply.  A 50 percent decrease may result in a similar decrease in quantity supplied as the supply curve is upward sloping.

4 0
3 years ago
Are all warranty costs accounted for under the accrual basis of​ accounting? explain.
stich3 [128]

All warranty costs accounted for under the accrual basis of accounting go under this section unless the repair cost does not have reasonable estimation. If the repair cost does not have reasonable estimation, it goes under the cash basis for accounting. The accrual basis method of accounting is when you record transactions for revenue when earned and expenses as they are incurred.

8 0
3 years ago
How is an investment bank different from a commercial bank
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 Investment banking<span> and </span>commercial banking<span> are two divisions of the </span>banking 
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6 0
3 years ago
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zmey [24]

Employees are motivated by goals because a goal is a notion of the future or a desired result that a person or a group of people foresee. An employee is a worker employed by an employer to perform a certain task.

smart goals should be used to inspire personnel (specific, measurable, aggressive, realistic, and time-bound). Employees are motivated by smart goals because they enliven behavior's, give it direction, present a challenge, encourage employees to think creatively, and inspire the development of new and original performance strategies.

Successful performance management is centered on employee goals. Setting goals can assist employees support the mission of the company. They aid workers in understanding how their efforts fit into the bigger picture and the value they add to the business.

In addition to motivating staff performance, goals also help with performance review and strategic planning.

To put it another way, without the proper objectives, performance and engagement suffer.

Learn more about goals here

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