The correct option are is a sacrifice of resources, may be recorded as an asset.In financial accounting, every resource that a business or other economic organisation owns or manages is referred to as an asset.
Assets represent ownership value that might be exchanged for cash (although cash itself is also considered an asset). [1] A company's balance sheet displays the monetary[2] value of its assets. It safeguards money and other assets that belong to an individual or business.The two basic groups into which assets can be separated are tangible and intangible assets. Real estate, buildings, and equipment are examples of fixed assets.
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Complete question is here:
A cost ______. (all that apply)
is a sacrifice of resources
is the same as an expense
must be a cash outflow
may be recorded as an asset
is always recorded in the accounting records
given below are the steps of the marketing management process. arrange the steps in the correct order with the first step at the top and the last step at the bottom.
The following are the means of promoting the executive's process.1. Planning 2. Guiding 3. Controlling.
The plan, execution, and checking of an organization's promoting technique are known as marketing management. This contains the promoting methodology, drives, and procedures applied to produce and satisfy requests from the objective market to increment benefit.
A marketing manager would lead statistical surveying, fathom purchaser patterns and inclinations, foster showcasing systems and spending plans, regulate the creation of promoting insurance and content, and do any remaining relevant obligations important to support the organization's deals.
The legitimate request is "given under are the method for advancing the board association. orchestrate the means all put together the initial step at the top and the last step at the base. advertising management. Guiding, Controlling, Planning."
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This question is not complete, Here I am attaching the complete question:
Given below are the steps of the marketing management process. arrange the steps in the correct order with the first step at the top and the last step at the bottom. marketing management
If an adjusting entry's credit is to a liability account, then the debit must be to ______.A. cash expenseB. prepaid expenseC. revenueD. expense
If an adjusting entry's credit is to a liability account, then the debit must be to expense. The correct option is D.
What are adjusting entries?Adjusting entries, also known as modifications to journal entries, are a means to make sure that the figures that have been entered correspond to the proper accounting periods.
It should be noted that if a credit in an adjustment entry is made to a liability account, then the debit must be made to an expense account because expenses are things that were spent money on.
Therefore, the correct option is D. expense.
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Which of the following are simplifying assumptions of human capabilities that neoclassical economists make?
People have stable preferences that aren't affected by context.
People are good planners with plenty of willpower.
People are almost entirely selfish and self-interested.
All are correct. People having stable preferences that aren't affected by context. People are being good planners with the plenty of a willpower. People are almost/mostly entirely selfish and self-interested.
Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are determined by models of supply and demand.
According to this idea, the value of a good or service is determined by hypothetically maximizing the utility of low-income earners and the profit of firms facing production costs and using available information and factors of production. increase.
This approach is often justified by citing rational choice theory, which has come under considerable skepticism in recent years.
Neoclassical economics historically dominated macroeconomics and, together with Keynesian economics, formed the neoclassical synthesis that dominated mainstream economics as "new Keynesian economics" from the 1950s to the 1970s.
In explaining macroeconomic phenomena from the 1970s to the 1990s, it competed with New Keynesian economics as neoclassical macroeconomics and was identified with New Keynesian economics as part of the neoclassical synthesis.
Neoclassical economics has many criticisms, some of which have been incorporated into more recent versions of neoclassical theory, while others remain separate disciplines.
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Originally, Pitt Fitness had all their data in one large Excel spreadsheet. Suppose you were hired to help Pitt Fitness create a database to replace the spreadsheet. Outline the major steps you would perform to create a normalized database from the data in the spreadsheet.Assume that you designed the field LengthOfTime in the Classes table in the Pitt Fitness database. The LengthOfTime field has data such as 60 minutes, 30 minutes, 1 hour, and 15 minutes. Is this the correct way to record this data? If not, what would be a better method?Suppose Pitt Fitness offered personal fitness training and the Customers table were designed as follows:Customers (CustomerID, LastName, FirstName, StreetAddress, City, State, ZipCode, EmailAddress, PhoneNumber, BirthDate, InstructorID)This design reflects that instructors also work as personal trainers. Which of the following fields is functionally dependent on InstructorID?a. LastNameb. EmailAddressc. BirthDated. None of the fields in the table is functionally dependent on InstructorID.Is InstructorLastName a candidate key along with InstructorID in the Instructors table?Yes, InstructorLastName could be used as a key field because no one instructor has the same last name.No, InstructorLastName could not be a key field because an instructor might join the team with the same lastname as another instructor, such as a sibling.Yes, InstructorLastName could be used as a key field as long as it was spelled correctly.Yes, InstructorLastName could be used along with InstructorFirstName as a compound key field.
To create a normalized database from the data in the Pitt Fitness spreadsheet, the major steps would include: 1 Analyze the data 2Create separate tables 3Define relationships 4Normalize the tables 5Regarding the LengthOfTime .
Analyze the data in the spreadsheet and identify the different entities and relationships among them.
Create separate tables for each entity, with each table containing a primary key field and other attributes related to that entity.
Define relationships between the tables by adding foreign keys to the appropriate tables.
Normalize the tables to ensure that each table is in the appropriate normal form.
Regarding the LengthOfTime field in the Classes table, a better method to record this data would be to use a separate field for the time unit (e.g. minutes, hours) and a numerical field for the length of time.
In the Customers table, the EmailAddress field is functionally dependent on InstructorID. If each instructor has a unique email address, then the email address can be determined based on the instructor assigned to the customer.
InstructorLastName is not a candidate key along with InstructorID in the Instructors table because an instructor might join the team with the same last name as another instructor. Therefore, a combination of InstructorID and InstructorLastName could be used as a compound key field.
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In 2020, Ryan files as head of household and has taxable income of $75,673. None of his taxable income consists of capital gains or qualified dividends. His tax liability rounded to the nearest dollar totals $_____ (use the tax rate schedules).
Ryan's tax liability rounded to the nearest dollar totals $9,235.
To calculate Ryan's tax liability, we need to use the tax rate schedules for the year 2020, which is the latest year for which data is available. Based on the information given, Ryan files as head of household and has a taxable income of $75,673. We can calculate his tax liability using the following steps:
Determine Ryan's taxable income by subtracting the standard deduction for head of household ($18,650) from his adjusted gross income ($75,673 - $18,650 = $57,023).
Find the tax bracket that Ryan falls under. Based on his taxable income, he falls in the 22% tax bracket. Calculate the tax liability by applying the tax rate to the taxable income. The tax liability is the sum of the tax on the lower brackets plus the tax on the current bracket. For Ryan, the tax liability would be $9,235.
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On March 1, 2021, Beldon Corporation purchased land as a factory site for $71,000. An old building on the property was demolished, and construction began on a new building that was completed on December 15, 2021. Costs incurred during this period are listed below: Demolition of old building $ 9,500 Architect’s fees (for new building) 10,000 Legal fees for title investigation of land 7,500 Property taxes on land (for period beginning March 1, 2021) 4,100 Construction costs 610,000 Interest on construction loan 10,500 Salvaged materials resulting from the demolition of the old building were sold for $3,100. Required:Determine the amounts that Beldon should capitalize as the cost of the land and the new building?
The property and new structure that Beldon will capitalise will cost $82,600 and $627,400, respectively. Beldon should capitalise $627,400 for the cost of the new structure and $82,600 for the cost of the land.
The cost of the property should include the $71,000 purchase price, $7,500 in legal costs for a title inquiry, and $4,100 in property taxes. The land therefore costs $82,600.
The price of the new structure should take into account design fees of $10,000, construction loan interest of $10,500, and construction expenses of $610,000. $630,500 was spent overall throughout the building phase. The whole price should be deducted from the $3,100 that the firm made from the sale of salvaged items. The new structure will thus cost $627,400.
In conclusion, Beldon should capitalise $627,400 for the cost of the new structure and $82,600 for the cost of the land.
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Let A, B, and C be the amounts invested in companies A, B, and C. If no more than 50% of the total investment can be in company B, how can you express that as a constraint (Please show your work.)
a. 0.5A-0.5B + 0.5C <= 0 b.-0.5A + 0.5B-0.5C <-0 c. 0.5A-B-0.5 C <= 0 d. A-0.5B +C< 0 e. B <= 0.5 f. There is no solution
This can be expressed as a constraint as : -0.5A + 0.5B-0.5≤0
How to solve for the constraintIn optimization, a constraint is a condition or set of conditions that must be satisfied by the solution of a problem. Constraints limit the feasible set of solutions and ensure that the solution is within the acceptable range of values.
The answer demonstrates that the maximum allocation to B should be less than 50% and that the combined allocation to A and C accounts should be greater than 50%. As a result, it can be written as:
0.5 B≤ 0.5(A+C)
0.5 B -0.5(A+C) ≤ 0
-0.5A +0.5B - 0.5C ≤ 0
option B is correct
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zoom has been criticized for opening up its platform for use by non-paying users why would zoom do this and why would paying customers care?
Zoom has been successful in getting customers to pay for its service due to its subscription based business strategy. This is an illustration of how a business's business model can influence its choice of course.
Why would Zoom clients pay for support services?The newest example of a company whose sales have increased as a result of the pandemic is Zoom. In part to encourage individuals to utilize its service and pay for it, it has made it simpler for non-paying users to host group meetings. Even though it may anger some of its current consumers, Zoom is aiming to expand its company by luring in new users.
Because they worry that these users might not be as vigilant about security and privacy, paid consumers may be concerned that Zoom is opening up its platform to nonpaying users. Additionally, the business has come under fire for its security and privacy policies.
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FILL IN THE BLANK fill in the blank. salaries already paid to employees for the month is a(n) ___account that appears on the ___.
Salaries already paid to employees for the month is a(n) expense account that appears on the income statement.
In the term of financial economic and accounting, An expense account generally can be defined as a funds paid to an employee, which are then used for travel and entertainment expenditures. Expense account funds may be paid in advance of the time when they are actually expended on company business, in which case the funds are referred to as an advance. There are several types of expense account, such as Cost of sales, utilities expense, discount allowed, cleaning expense, depreciation expense, delivery expense.
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An organization may initiate information technology projects for several reasons, but the most important reason is to support ____.
a. financial security
b. business objectives
c. technological advances
d. shareholders
B. Business objectives . There are several reasons why a company might start an information technology project, but achieving business goals is the main driver.
What are the business objectives?Business objectives are the precise, quantifiable outcomes that organizations seek to uphold as their business expands. Focusing on specifics is important while developing a set of corporate objectives. To do this, you must evaluate your present situation as well as your desired future state.
What are the four main corporate goals?a. Profit-making is one of the goals of business.
b. Market share and customer growth.
c. Resource utilization and innovation.
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Assuming the cost of mortgage is $720,000, and the owner of the house makes a down payment of 20% of the principal with 6.2% interest rate and 25 years repayment plan. a. Calculate the total amount of loan, monthly rate, number of payment periods, monthly payment, total interest paid, and amount borrowed. b. With the aid of what PMT function in a one variable condition, calculate monthly payment, total amount payable, total interest payable for: 17 yrs, 5 yrs, 8 yrs, 28 yrs, 22 yrs mortgage.
In 25 years, he will have paid $18,97,500 in total. He will pay $6,325 each month.
What is amount?In the fields of economics and banking, interest is the payment made at a set rate by a borrower as well as deposit-taking commercial bank to something like a lender as well as depositor in excess of the principle amount (the amount borrowed).
It is not the same as a charge that the borrower could pay to the lender or another entity. It also differs from a dividend, which is money given to shareholders (owners) by a corporation out of profits or reserves.
720000 - 60000 = 660,000
monthly rate = 7.5/12 = 0.625%
Number of payment periods = 25
Total amount he has to pay after 25 years,
=660000 + (660000×7.5×25)/100
= $18,97,500
His monthly payment will be
=1897500/25×12
= $6,325
Therefore, in 25 years, he will have paid $18,97,500 in total. He will pay $6,325 each month.
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Answer: Laura and Martin will pay a total of $458,850 for their house. They will pay a total of $268,850 in interest. The amount of the first payment on the mortgage applied to the principal is $408.67.
To determine the total amount Laura and Martin will pay for their house, we need to calculate the sum of all their monthly payments over the 25-year period. The formula to calculate the total amount paid for a mortgage is:
Total Amount Paid = Monthly Payment * Number of Payments
Using the given information, we can calculate the number of payments:
Number of Payments = Number of Years * 12
Substituting the values:
Number of Payments = 25 * 12 = 300
Now, we can calculate the total amount paid:
Total Amount Paid = $1529.50 * 300 = $458,850
Therefore, the total amount Laura and Martin will pay for their house is $458,850.
To determine the amount of interest they will pay, we can subtract the principal amount from the total amount paid:
Interest = Total Amount Paid - Principal Amount
Interest = $458,850 - $190,000 = $268,850
Therefore, they will pay a total of $268,850 in interest.
To calculate how much of the first payment on the mortgage is applied to the principal, we need to subtract the interest portion from the monthly payment:
Principal Payment = Monthly Payment - Interest
Principal Payment = $1529.50 - (Principal Amount * Interest Rate / 12)
Principal Payment = $1529.50 - ($190,000 * 0.085 / 12)
Principal Payment = $1529.50 - $1120.83
Principal Payment = $408.67
Therefore, the amount of the first payment on the mortgage applied to the principal is $408.67.
The following statement is true regarding inventory errors (overstating or understating ending Merchandise Inventory): a. Inventory errors will cancel out after two periods. b. Inventory errors will cancel out after three periods. c. Inventory errors never cancel out without manually being corrected. d. None of the above is correct.
The statement that is true regarding inventory errors (overstating or understating ending Merchandise Inventory): a. Inventory errors will cancel out after two periods.
What is inventory error?Inventory mistakes can result in an inaccurate ending inventory balance, which has an impact on the cost of goods sold and profitability. One should be aware of the different kinds of errors that can happen in an inventory system given the negative financial statement impact of inventory errors.
Errors in the balance sheet's ending inventory value result in comparable errors in the income statement's cost of goods sold for the relevant period for the company. Inventory and net income are undervalued when cost of goods sold is exaggerated.
Therefore, option A is correct.
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the following account balances appear in the 2024 adjusted trial balance of spiders corporation: common stock, $30,000; retained earnings, $8,000; dividends, $1,000; service revenue, $28,000; salaries expense, $16,000; and rent expense, $9,000. no common stock was issued during the year.Prepare the statement of stockholders' equity for the year ended December 31, 2021. (Amounts to be deducted should be entered with minus sign.)
The statement of stockholders' equity is a financial statement that provides information about the changes in a company's equity accounts over a specific period of time.
The statement shows the beginning balances of the company's equity accounts, such as common stock and retained earnings, and then summarizes any changes that occurred during the period, such as net income or loss, dividends paid, and any other transactions affecting equity.
How do we prepare the stockholder's equity?Statement of Stockholders' Equity for the year ended December 31, 2021:
Common Stock: $30,000
Retained Earnings, Beginning: $0
Add: Net Income: $19,000 ($28,000 service revenue - $16,000 salaries expense - $9,000 rent expense)
Total Retained Earnings: $19,000
Less: Dividends: $1,000
Retained Earnings, Ending: $18,000
Therefore, the statement of stockholders' equity is:
Common Stock $30,000
Retained Earnings, Beginning $0
Add: Net Income $19,000
Total $19,000
Less: Dividends $1,000
Retained Earnings, Ending $18,000
The statement of stockholders' equity is useful for investors and other stakeholders to analyze the company's financial performance, capital structure, and management decisions regarding the distribution of profits
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question content area gizmo inc. purchased a 1-year insurance policy on october 1 for $2,880. journalize the adjusting entry on december 31. if an amount box does not require an entry, leave it blank. dateaccountdebitcredit
The adjusting entry credits Prepaid Insurance for $960, which reduces the balance of the asset account to reflect the amount of the insurance policy that has not yet been used up.
Assuming that the insurance policy covers the period from October 1 to September 30 of the following year, the adjusting entry on December 31 would be as follows:
Date Account Debit Credit
December 31 Insurance Expense $960
Prepaid Insurance $960
The original cost of the insurance policy was $2,880 for 1 year, which means that the monthly cost of the insurance policy is $2,880/12 = $240.
On December 31, Content Area Gizmo Inc. would have used up 4 months of the insurance policy (October, November, December, and January are remaining), so the amount of prepaid insurance that has been used up would be 4 x $240 = $960.
The adjusting entry debits Insurance Expense for $960, which represents the portion of the insurance policy that has been used up during the current accounting period (December).
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Question 1/
1 pts
Mia bought $10,000 of stock in company XYZ at $50 per share. After some years, Mia sells all her stock
at $70 per share. How much total does Mia receive from selling all her stock?
Mia bought $10,000 of stock in company XYZ at $50 per share. After some years, Mia sells all her stock at $70 per share. The total that Mia receive from selling all her stock is $7,00,000.
What are stocks?Stocks are an investment that means you own a share in the company that issued the stock. Simply we can say that the stocks are a way to build wealth.
‘Stocks’ is generally used to refer to portions of ownership of multiple companies – for example, you could say that you own stock in Amazon and Microsoft.
Mia bought $10,000 of stock in company XYZ at $50 per share. After some years, Mia sells all her stock at $70 per share. The total that Mia receive from selling all her stock is $7,00,000.
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How do I build a dropshipping website step-by-step. How to advertise the product. How to get sales. How to make millions.
Answer:
Complicated but here. Learning how to start a dropshipping business, like any type of venture, isn’t easy. Nevertheless, it’s a great first step into the world of entrepreneurship. You can sell to customers without holding any inventory. You don’t need to pay for products upfront. And if you’re serious about your new venture, you can build a sustainable source of income in the long run. how does the dropshipping model work? Dropshipping is an order-fulfillment method that lets store owners sell directly to consumers without stocking any inventory. When a customer purchases a product from a dropshipping store, a third-party supplier ships it directly to them. The customer pays the retail price you set, you pay the suppliers’ wholesale price, and the rest is profit. You never have to handle products or invest in inventory.
In order to sell products, you just need to register an account with a supplier.
Explanation:
goodluck again
Fill in the blanklychees are a sweet asian fruit that is used as an ingredient in certain cocktail drinks. suppose the popularity of lychees decreases by a lot and the labor costs to grow and harvest lychees increases by a little. in this scenario, the equilibrium price would ___ and quantity would ___.O decrease; increase O decrease; decrease increase; increase O increase; decrease
Let's say lychees become much less popular and the labor expenses to grow and harvest lychees rise slightly. In this case, the equilibrium price and quantity would both decline.
Can a price and quantity that are in equilibrium both decrease?A shift in either the supply or demand curves will influence the equilibrium price and quantity. As demand increases, so do the equilibrium price and quantity. As demand decreases, the price and supply at equilibrium go down. Growth in supply causes a decrease in price and an increase in quantity at equilibrium.
Reduced demand will cause the equilibrium price and supply to fall as a result of decreased demand. An increase in supply will, when all other factors are held constant, cause the equilibrium price to fall and the amount needed to rise. As the supply shrinks, the equilibrium price rises while the required amount decreases.
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Which of the following models uses a schematic model of the sequence of steps in a problem and the conditions and consequences of each step? Probability indexing Johnson's sequencing rule Decision trees Activity System Maps Decision mapping
Option (c), Decision tree models use a schematic representation of the steps in a problem, along with the circumstances and results of each step.
A decision tree is what kind of decision process representation?A decision tree is a type of flowchart where each leaf node represents a class label, each internal node represents a "test" on an attribute (like whether a coin will land heads or tails), and each branch represents the outcome of the test (decision taken after computing all attributes).
The decision tree model has what objectives?Decision trees are particularly beneficial for machine learning and data analytics because they break complex data down into easier-to-understand chunks. They are regularly used in various fields for data classification, regression analysis, and prediction analysis.
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The complete question is:
Which of the following models uses a schematic model of the sequence of steps in a problem and the conditions and consequences of each step?
(a). Probability indexing
(b). Johnson's sequencing rule
(c). Decision trees
(d). Activity System
(e). Maps Decision mapping
. a complete ban on trade with another country or a prohibition on trading specific types of products, services, or technology to another country (click to select) 2. a customs duty or tax levied mainly on imports (click to select) 3. the united states only allows a certain amount of aluminum sheet to come into the country from china (click to select)
A government, a collection of states, or an international organization frequently imposes an embargo as an economic sanction. Embargoes may restrict certain categories of trade, such as the importation of firearms, or all trade.
What does the import tax or tariff go by?When anything crosses international boundaries, a tariff, sometimes known as a customs duty, is levied, usually by the government of the importing country. The phrase "tariffs" refers to the customs charges levied on imported products. Tariffs boost government revenue while making locally manufactured goods more expensive than their imported counterparts.
Why do US import quotas exist?The number or quantity of various commodities that may be imported is governed by import quotas for a predetermined period of time. Quotas may be established by law, executive orders, or presidential proclamations.
Embargoes and sanctions are trade restrictions that forbid the export of specific products, services, or technology advancements to particular countries.Tariffs are an import-related tax or duty.The United States has import limitations that set a ceiling on how much aluminum sheet from China may be brought in.Learn more about customs duty: https://brainly.com/question/30103837
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all else equal, increasing the assumed payables period in a financial forecast will decrease external funding required. T/F
True, increasing the assumed payables period in a financial forecast will decrease external funding required, all else equal.
The payables period is the amount of time it takes a company to pay its suppliers for goods or services received. If a company assumes a longer payables period in its financial forecast, it means that it is taking longer to pay its suppliers, which effectively extends the time that the company can hold onto its cash before paying its bills. By extending the payables period, the company can reduce the amount of external funding it requires to operate its business. This is because the company has more time to generate revenue and accumulate cash before it needs to pay its suppliers. The longer the payables period, the more time the company has to generate cash from its operations and the less it needs to rely on external funding sources, such as loans or equity financing. However, it is important to note that extending the payables period too much can have negative consequences. It may harm the company's relationships with its suppliers and negatively impact its credit rating. Furthermore, delaying payments to suppliers for too long can also impact the quality and timeliness of the goods or services received, which can ultimately harm the company's operations and reputation.
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Hillary took her motorcycle to a mechanic, Kenneth, to repair a leaking tire. She picked up the motorcycle and was riding home when the tire that had been repaired suddenly deflated and Hillary crashed into a parked cat, suffering broken bones. Hillary cannot prove exacty what Kenneth may have done wrong, but the tire should not have deflated If he had installed properly. Which of the following doctrines should Hillary base her claim upon? Multiple Choice noteasance wice resul nonce per
Negligence per se should Hillary base her claim upon to repair a leaking tire.
What is Negligence per se?An act is deemed negligent under the doctrine of negligence per se in US law if it contravenes a law. In actuality, the theory is a type of strict liability.
Greater culpability applies to pure carelessness than to contributory negligence. Negligence per se only establishes a rebuttable presumption of negligence in some legal systems.
A such instance is when a builder breaks a building code while working on a home. The house then crumbles, causing damage and injury.
As long as the contractor's infringement of the construction code was the direct cause of the injury, the violation of the code shows carelessness per se and makes the contractor accountable. The statute, according to Chief Baron Fitzroy Kelly, was created to stop the spread of sickness.
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There is a 60% chance of getting Stuck in traffic when leaving the city. On two separate days, what is the probability that you will get stuck Pos traffic both days? A. 1.20 B. .60 C. .36D. .30
Because there is a 60% possibility of becoming delayed in traffic, P. F.S. will likewise be 0.6. As a result, 0.6 times 0.6 equals 0.36. Therefore, 0.36 is necessary as the possibility that you will be stuck in traffic on both days.
How would you describe the traffic jam I'm in?These are both valid sentences. When compared to "I got stuck in traffic," "I was stuck in traffic" sounds like you were caught up in it at the time.
When you're snarled in traffic, what do you do?When You're Stuck in Traffic, Here Are 9 Things to Do
Demonstrate your skills in Karaoke.
Play the game of shortened licence plate letters.
Bring a smile to the face(s) of the passenger(s) sitting next to you.
a different approach
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fill in the blank. economies of scale___. exist when cost per unit increases with decrease in volume, are not more relevant in some industries than others, arise from the ability to spread fixed costs of production, produce cost advantages for smaller firms over larger firms
Economies of scale arise from the ability to spread fixed costs of production.
It refers to the phenomenon where the cost per unit decreases as the volume of production increases. In other words, as a company increases its production, it can spread its fixed costs over a larger number of units, resulting in a lower cost per unit.
This concept is not more relevant in some industries than others and is generally applicable to all types of industries. In fact, it is often a key consideration for companies looking to expand their production or enter new markets.
Economies of scale also provide a cost advantage for larger firms over smaller firms. Larger firms are able to achieve economies of scale more easily due to their larger size and ability to produce at a lower cost per unit. Smaller firms may find it difficult to compete with larger firms due to their higher cost structure and inability to achieve the same economies of scale.
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Complete Question -
fill in the blank. economies of scale___.
exist when the cost per unit increases with a decrease in volumeare not more relevant in some industries than othersarise from the ability to spread fixed costs of productionproduce cost advantages for smaller firms over larger firmsa company purchased a 12 month insurance policy on october 1 for $1,200. on the december 31 annual financial statements, . multiple choice question. $900 is reported as a expense and $300 is reported as an asset $300 is reported as a expense and $900 is reported as an asset $1,200 is reported as an asset $1,200 is reported as an expense
Option (b), A business paid $1,200 on October 1 for a 12-month insurance contract. As of December 31, $300 is shown as an expenditure on the annual financial statements, while $900 is listed as an asset.
What specific type of insurance is that?In exchange for a small premium payment, the insured and the insurer enter into an insurance policy that binds them to pay the full amount of any damages suffered.
In terms of insurance, the insurance policy is a legally binding agreement between the insurer and the policyholder that outlines the different sorts of claims that the insurer is required by law to pay for. In exchange for an advance payment known as the premium, the insurer agrees to cover losses caused by risks specified in the policy language.
What accounting regulations are applicable to the insurance sector?Both the first premium payment and any additional premium payments are viewed as insurance costs. For the accounting period, the corporation's payment is shown as an expense.
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The complete question is:
a company purchased a 12 month insurance policy on October 1 for $1,200. on the December 31 annual financial statements, .
multiple choice question.
$900 is reported as a expense and $300 is reported as an asset $300 is reported as a expense and $900 is reported as an asset $1,200 is reported as an asset $1,200 is reported as an expenseMaxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below.Fliptop Tiptop AvailableModel Model• Plastic 3 4 36• Ink 5 4 40Assembly• Molding 5 2 30TimeThe profit for either model is $1000 per lot.a. What is the linear programming model for this problem?b. What are the boundary points of the feasible region?c. What is the profitability at each boundary point of the feasible region?d. Find the optimal solution.e. Will there be excess capacity in any resource? If so, how much excess capacity?
Since there are only two variables, the problem can be graphically solved or solved using a model solver like MS-Excel®.
Assuming that the Fliptop and Tiptop x1 and x2 variants are produced, the objective is to maximize profitability, with production being limited by the amount of plastic, ink, and time that is available. The three restrictions and objective functions together create the LP model, as shown below: Use the objective function ($) (OF) 1000x1 + 1000x2 to maximize z. Eq. 1's plastic material restriction is 3x1 + 4x2 = 36. Ink material under constraint (Eq. 2): 5x1 + 4x2 = 40. Time constraint from Equation 3 (5x1 + 2x2 = 30). Those that are not negative restrictions: x1, x2 >= 0. The boundary lines of the constraint equations 1, 2, and 3 as well as the objective function OF, as seen in the corner points (boundary points) A, B, C, D, and E.
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Which of the following statements is true about equity returns, as represented by the S&P 500 from 1928 - 2016?
a. The historical 1-year returns for the S&P 500 have ranged from approximately 52% to -44%.
b. The lowest 20-year average return for this time period was positive.
c. Both a and b are true
d. Both a and b are false
c. The equity returns that the S&P 500 during 1928 to 2016 are untrue for both a and b.
What is a example of equity?Equity can be applied to a single commodity, such a piece of real estate, or to a company by deducting liabilities from assets. An landowner has $100,000 in equity, for instance, if their home is worth $400,000 and they owe $300,000 on their mortgage.
What does equity mean financially?The sum of money the proprietor of an item would receive if they sold it and all associated debts were settled is known as equity. For illustration, if your property is worth $200,000 .
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Suppose the person faced with the budget constraint described in Problem 2.1 has preferences for apples (A) and bananas (B) given by Utility = square root A B a. If A = 5 and B = 80, what will utility be? b. If A = 10, what value for B will provide the same utility as in part a? c. If A = 20, what value for B will provide the same utility as in parts a and b? d. Graph the indifference curve implied by parts a through c. e. Given the budget constraint from Problem 2.1, which of the points identified in parts a through c can be bought by this person? f. Show through some examples that every other way of allocating income provides less utility than does the point identified in part b. Graph this utility-maximizing situation.
The examples below show how each other method of wealth inequality is less useful.
What does a budget imply? briefly describe the many budgeting types?A government's budget is a description or projection of its income (often but not always via taxes) and expenditures. The operation or current strategy, the capital or development budget, and the liquidity or cash flow expenditure are the three different types of budget used by government.
U = \sqrt{}A*B
a. A = 5 and B = 80.
U = \sqrt{}5*80
U = 20 utils.
b. A = 10 and U = 20, then
20 = \sqrt{}10*B
Squaring both sides, we get,
400 = 10*B
B = 40 units.
c. A = 20 and U = 20, then
20 = \sqrt{}20*B.
Squaring both sides, we get,
400 = 20*B
B = 20 units.
d. The question does not make mention of a meet business objectives. Without it, precise values cannot be determined. The graph will, nonetheless, resemble this in some aspects.
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An attempt to determine the extent to which an organization's employee selection system provides real benefit to the organization is known as _____.
a. predictive analysis
b. a meta-analysis
c. utility analysis
d. a self-report inventory
Utility analysis is the process of attempting to ascertain the degree to which a company's method of staff selection actually benefits the organisation. (option c)
What exactly does utility analysis entail?Comparing costs and results, which are quantified in various units, is what utility analysis does. This is different from cost benefit analysis, which compares costs and benefits using a common unit (i.e., monetary value). In the health industry, utility analysis is frequently referred to as a cost-utility or cost-effectiveness analysis. Economic analysis in the form of cost-utility analysis is used to direct purchasing decisions. The most typical and well-known use of this technique is in pharmacoeconomics, particularly in the evaluation of health technology.
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One shortcoming of GDP as an indicator of society's social well-being is that it fails to take into account the:growth in productivity.increase in the quantity of goods.non-market production.change in the price level.
The fact that non-market production is not taken into consideration when considering GDP as the sole indication of society's social well-being is a significant drawback.
GDP excludes significant contributions made by unpaid labour, such as housework or volunteer work, and solely gauges the market value of products and services generated within a nation's borders. GDP does not account for the effects of economic activity on the environment or the welfare of future generations. Therefore, depending simply on GDP as a measure of social well-being may result in policies that put economic growth ahead of other crucial social and environmental factors. Alternative metrics that take into consideration elements more than merely economic growth include the Human Development Index and the Genuine Progress Indicator. These metrics aim to provide a more complete picture of societal well-being.
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hat is the main difference between fixed inputs and variable inputs? 3. Explain the law of variable proportions. 4. Which stage of short run production is efficient? Why? 5. Show the relationship between short-run MC and MPL both mathematically and graphically. 6. Can accounting cost be greater economic cost? Explain. 7. The short run AVC, AC and MC are all U-shaped. Why? 8. Explain briefly the following concepts. A) Utility B) Indifference curve C) Law of diminishing marginal utility D) Budget line E) Consumer preference F) Marginal rate of substitution 9. What is the basic difference between cardinal and ordinal approaches of utility? 10. Elaborate the justifications for the negative slope and convexity of indifference curve. 11. A person has $100 to spend on two goods X and Y whose respective prices are $3 and $5. A. Draw the budget line. B. What happens to the original budget line if the budget falls by 25%?
Fixed inputs are inputs that cannot be changed in the short run, such as the size of a factory or the level of technology used. Variable inputs are inputs that can be changed in the short run, such as the number of workers or the amount of raw materials used.
The law of variable proportions states that as more of a variable input is added to a fixed input, the marginal product of the variable input will eventually decrease.
How to explain the termsThe most efficient stage of short run production is when the marginal cost (MC) is equal to the marginal revenue (MR). This is because when MC = MR, the firm is producing at the maximum level of profit.
Mathematically, the relationship between short-run marginal cost (MC) and marginal physical product (MPP) can be represented as MC = d(AC)/d(Q), where AC is the average cost and Q is the level of output. Graphically, this relationship can be depicted as a downward sloping MC curve intersecting an upward sloping MPP curve at the efficient level of production.
Accounting cost is the cost incurred by a firm in its financial records, while economic cost is the opportunity cost of using a resource in its next best alternative use. Accounting cost can be greater than economic cost because it does not account for opportunity costs.
The short-run average variable cost (AVC), average cost (AC), and marginal cost (MC) are U-shaped because as output increases, the average cost of each additional unit decreases, reaching a minimum point and then increasing as production becomes more inefficient.
A) Utility refers to the satisfaction or happiness that a consumer derives from consuming a good or service. B) An indifference curve is a graph that shows the different combinations of two goods that give a consumer the same level of utility. C) The law of diminishing marginal utility states that as a consumer consumes more of a good, the marginal utility derived from each additional unit will decrease. D) A budget line shows the different combinations of two goods that a consumer can afford to purchase, given their income and the prices of the goods. E) Consumer preference refers to the choices a consumer makes among different goods or services based on their tastes and preferences. F) The marginal rate of substitution is the rate at which a consumer is willing to trade one good for another, while still maintaining the same level of utility.
The cardinal approach of utility assigns numerical values to the utility derived from consuming different goods, while the ordinal approach ranks the utility derived from consuming different goods in order, but does not assign numerical values.
The negative slope of the indifference curve represents the law of diminishing marginal utility, where as a consumer consumes more of one good, the utility derived from each additional unit will decrease. The convexity of the indifference curve represents the fact that a consumer is willing to trade one good for another at a decreasing rate as they consume more of one good.
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