The true statement about Cheers inc. partnership is Cheers' shareholders (the ex-partners) will now be exposed to less liability.
Option B is correct.
Cheers' shareholders (the former partners) will now be exposed to less liability" is the statement. is because former partners, who were partners when the company was a company, are now shareholders when the company is a regular corporation, so they are less liable when the corporation is a debtor.
Partnership :A partnership is a type of business in which two or more people share ownership, responsibility for managing the business, and responsibility for the profits or losses it makes.
What does being a shareholder entail?A shareholder is a person or organization that has made a financial investment in a company in exchange for a "share" in the company's ownership. Common or preferred shares, which the shareholder holds and owns, are used to represent this ownership.
Incomplete question :
Cheers Inc. operates as a partnership. Now the partners have decided to convert the business into a regular corporation. Which of the following statements is CORRECT?
a. Cheers will now be subject to fewer regulations.
b. Cheers' shareholders (the ex-partners) will now be exposed to less liability.
c. Cheers' investors will be exposed to less liability, but they will find it more difficult to transfer their ownership.
d. Assuming Cheers is profitable, less of its income will be subject to federal income taxes.
e. Cheers will find it more difficult to raise additional capital.
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David lost his job and can no longer afford the payments on his home. His sister suggested a short sale. Since you were his real estate agent when he bought the house, he called you to find out as much as he can about short sales. Which of the following is a true statement?
a. A short sale will help improve his credit rating.
b. He can proceed with a short sale without the lender's approval.
c. He will receive the full amount due on the loan as a result of the sale.
d. Short sales are sometimes used as an alternative to foreclosure, but could negatively impact his credit rating.
Short sales are an option to foreclosure that are sometimes used, but they could hurt his credit rating. He contacted you in an effort to learn as much as possible about short sales.---- True
Option D is correct.
What exactly is foreclosure?A lender can take back a property pledged as security for a loan through the process of foreclosure. It is the legal procedure by which a lender takes over ownership of a property that a borrower hasn't paid for. This procedure typically begins when a borrower is unable to make mortgage payments for an extended period of time, though this can vary by state and its laws.
The lender will sue to reclaim the property during the foreclosure process. This might entail suing the borrower, giving them notice, and getting a court order allowing the lender to take back the property. The homeowner will lose all rights to the property after the foreclosure is over, and the lender will take ownership. It is essential to keep in mind that homeowner eviction is not always the result of foreclosure; Instead, the lender might decide to make up for their losses by selling the property.
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D. Short sales are sometimes used as an alternative to foreclosure, but could negatively impact his credit rating.
What is negatively ?Negatively is a term that is used to describe something that is unpleasant, undesirable, or harmful. It can refer to a person's attitude, mood, or behavior, as well as to a situation or event. For example, a negative attitude can be unhelpful, while a negative situation can be dangerous. It can also refer to a lack of something, such as a negative balance in a bank account. Negativity can be expressed in many ways, including through body language, facial expressions, and words. It can also be internalized, leading to feelings of depression or anxiety. Negativity can have a detrimental effect on relationships, as it can cause people to become distant or argumentative. Overcoming negative thinking and being more positive can be beneficial in many aspects of life.
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suppose that both the number of buyers and the number of sellers increase. which of the following will occur?
Assume that there are more buyers and sellers than usual. The following will take place:
C. The optimum quantity and price would both rise.
Demand for a commodity rises in direct proportion to the number of customers in a market. The optimum price of the product would rise as a result. Additionally, customers may be more likely to buy now if they anticipate that the product's price will grow in the future, which raises the amount requested. The demand curve is shifted to the right as a result, raising the equilibrium price as well as the equilibrium quantity.
The complete question is:
Suppose that the number of buyers in a market increases and expectations of the price of the good indicate that its price will rise in the future. What would we expect to happen in the market?
A. the equilibrium price would increase but the impact on the amount sold in the market would be ambiguous
B. the equilibrium price would decrease but the impact on the amount sold in the market would be ambiguous
C. both equilibrium price and equilibrium quantity would increase
D. equilibrium quantity would increase but the impact on equilibrium price would be ambiguous
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sampa video, inc. was the second largest chain of videocassette rental stores in the greater boston area, operating 30 wholly owned outlets. begun in 1988 as a small store in harvard square catering mostly to students, the company grew rapidly, primarily due to its reputation for customer service and an extensive selection of foreign and independent movies. these differentiating factors allowed sampa video to compete directly with the leader in the industry, blockbuster video. but unlike the larger rival, sampa had no ambitions to grow outside of its boston territory. exhibit 1 contains summary financial information on the company as of their latest fiscal year-end.
The main products of this company are videos, DVDs, and CDs
What is the project’s worth?The initial stage in this procedure will be to estimate the worth of a company’s equity. There must be a calculation to establish cash flow present value in order to arrive at the stated worth. Because the business is wholly equity-financed, the project is believed to have no value in this situation. The computations are based on income from 2002 to 2006, and the steady growth of free payments after 2005 of 6% is also taken into account. The free income are determined and restricted, and the organization is valued at $1,228,485.
Sampa Videos is considering another initiative to build another site to enhance its availability by giving clients the option to organize recordings. In order for Sampa Inc.
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Is copyright really even important if i'm not a business?
All original authorship on the website, including articles, artwork, photos, and other materials, is protected by copyright for small business websites. Although it is not necessary to register your copyright, doing so is advised. If you operate a creative firm, registering your copyright is especially crucial.
Any work that is an original production and not a duplication is subject to copyright, one of the basic categories of intellectual property.
It is vital to remember that copyright protects how an idea is conveyed, not the concept itself, such as if it is written down or recorded in another form of media.
Even though your work is automatically protected, others may still duplicate it for their own advantage. It's crucial to carefully analyze the justifications for maintaining control of your property because your copyright may be worth more than you realize.
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What is copyright protection and how does it work?
example strategies: provide an example of a strategy that is appropriate to use across both the service and the manufacturing industries, and provide an example that is specific to either the service or the manufacturing industry when considering people, planet, or profit through the tbl framework. include a brief explanation of what each example demonstrates.
The triple bottom line, or the TBL, is a strategy that can be used by the companies of both the service as well as the manufacturing industries. Whereas, the supply chain management is specific to the manufacturing industry.
The business strategies have been fortunate enough to develop a stronger sense of growth and development for the companies of different industries. The TBL and the SCM strategies are well-known and universally followed by many firms and companies that belong to the manufacturing and the service industry.
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for each item, select (1) whether it is reported on the income statement or balance sheet and (2) the type of account.
1. Income statement, Asset 2. Income statement, Revenue 3. Balance sheet, Asset 4. Income statement, Expense 5. Balance sheet, Asset 6. Income statement Expense 7. Balance sheet, Liability 8. Balance sheet, Stockholders' Equity.
The term balance sheet refers to a fiscal statement that reports a company's means, arrears, and shareholder equity at a specific point in time. Balance sheets give the base for calculating rates of return for investors and assessing a company's capital structure. In short, the balance sheet is a fiscal statement that provides a shot of what a company owns and owes, as well as the quantum invested by shareholders. Balance sheets can be used with other important fiscal statements to conduct abecedarian analysis or calculate fiscal rates. An income statement is one of the three important fiscal statements used for reporting a company’s fiscal performance over a specific account period. The other two crucial statements are the balance sheet and the cash inflow statement.
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in every financial statement, there exists single and double underlines. choose the statement below that describes what these are for and when to use them.
A single-ruled line denotes an addition or subtraction and double underlines indicate the final totals.
What does a financial report's single ruled line mean?
An income statement's amount columns with single lines ruled across them denote additions of amounts.
A financial statement's sum that is stated in parentheses is an estimate. A subtotal is typically shown by a single underline in accounting.
Why is there a double underline?
A capital letter should be used when a word is doubly underlined. A single line through a letter indicates that it needs to be lowercase. A letter, word, or group of words should be eliminated when the end of a line is curled.
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If you worked for an international firm doing business in Asia, is there anything you would suggest to ease the tensions
these cultures are experiencing? Be specific.
• Social ills in any country are normally born from a multitude of factors. What role if any, do you think globalization is
having in higher reported rates of divorce, crime, and drug abuse in Asia?
Broadly defined, Asia comprises more than 60 percent of the world's population-a population that practices Buddhism,
Confucianism, Hinduism, Islam, and numerous other religions. Do you think it is possible to carry on a valid discussion
of "Asian" values? Explain?
.
Social ills can be observed in the country in the given case of issue between various countries in International firm.
It is a collection of issues that plague modern society frequently and that many people work to resolve. It frequently results from external factors that are out of a person's control. Inequality in wealth and illiteracy are the main causes of social ills. Other elements also contribute to the many grave issues in our society. Organizing awareness campaigns may be the most effective way to lessen social ills in our society. Social Issues: Political and economic instability in society is caused by a high prevalence of social problems. 2. Ruins the Image of the Family and the Nation: A person's reputation and that of their family will eventually be ruined if they consistently engage in criminal activity.
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when companies such as hatteras hammocks design their operations systems, they make several types of decisions, including those that deal with , capacity, and facilities.
When companies such as hatteras hammocks design their operations systems, they make several types of decisions, including those that deal with product service mix, capacity, and facilities.
A business that offers both tangible products and intangible services is known as a product service mix. In this type of business, the value of the service might be seen as being more significant than the actual product. For instance, lodging or instruction. Today, every product includes some combination of services and goods. If more than one good or service is provided, various market segments are addressed, which can also result in the development of the brand's trust, resulting to a sustainable business, risk can be diversified. Product mix aids in identifying the direction your business is taking, and the information it gathers aids in identifying the direction you wish to take the business. Being consistent with your intended audience also helps.
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when preparing government-wide financial statements at the end of the fiscal year, meen county recorded an adjusting entry for salaries of $8,500,000. the salaries for 1 week, $13,700,000, were paid on the first friday of the new fiscal period. the entry to record payment of salaries for the week is: A.
DR. Salary expenditure: 8,500,000
CR. Salary payable: 8,500,000
B.
DR. Salary expense: 5,200,000
DR. Salary payable: 8,500,000
CR. Cash: 13,700,000
C.
DR. Salary expenditure: 8,500,000
DR. Salary payable: 5,200,000
CR. Cash: 13,700,000
D.
DR. Salary expense: 13,700,000
CR. Cash:13,700,000
The entry to record payment of salaries for the week is
DR. Salary expense: 5,200,000
DR. Salary payable: 8,500,000
CR. Cash: 13,700,000
What is accrual basis of accounting?When a business generates income and the corresponding costs, they are recorded on an accrual basis rather than when money actually exchanges hands. This means that businesses record revenue when it is earned rather than when the business receives the money. Timing is what distinguishes accrual basis accounting from cash basis accounting. Cash basis accounting is when you record transactions when you pay or get money. Accrual basis accounting is when you do it as soon as a bill or invoice is raised.b for the entire government are prepared using the accrual system of accounting, and expenses (rather than expenditures as under the modified accrual basis) are recognized. Only when using the modified accrual basis of accounting is the amount of expenses recognized.At the end of the fiscal year, salaries had accrued to $8,500,000, and $13,700,000 had been paid in total.
As a result, the cost of salaries for the current fiscal year is $5,200,000 ($13,700,000 - $8,500,000).
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After graduating from college, Jim had two choices. He can either move to Florida, from Philadelphia, where he can work as an analyst and earn $60,000 or he can stay in Philadelphia and work in a car dealership earning $59,000. His opportunity cost of moving to Florida includes
a. The benefits he could have received from playing soccer
b. $59,000
c. both a and b
d. none of the above
Answer: D
Explanation: The opportunity cost would include something like the cost to move and none of the answer choices do that.
Suppose the governments of two different economies, economy X and economy Y, implement a permanent tax cut of the same size. The marginal propensity to consume (MPC) in economy X is 0.85 and the MPC in economy Y is 0.8. The economies are identical in all other respects. The tax cut will have a larger impact on aggregate demand in the economy with the ____
Marginal Propensity to Consume (MPC) = - MPC/(1 - MPC)
In the marginal propensity to consume, or MPC, the negative symbol suggests that changes in taxes and changes in aggregate demand flow in opposite directions. Similar to how a reduction in taxes raises aggregate demand while an increase in taxes lowers it.
Taxes have been reduced in both economies X and Y.
Within economy X:Marginal Propensity to Consume (MPC) = 0.85
Tax multiplier = - 0.85/(1 - 0.85), which is - 5.67.
Within economy Y:Marginal Propensity to Consume (MPC) = 0.8
The tax multiplier is equal to -0.8/(1 - 0.8) = -4.
As a result, we can see that economy X has a tax multiplier impact with a greater absolute value (5.67 > 4).
As a result, the tax cut will have a greater effect on aggregate demand in economy X, which has a larger Marginal Propensity to Consume (MPC) value.
Measurement of induced consumption, or the assumption that rising disposable income causes rising personal consumption, is the Marginal Propensity to Consume (MPC). The portion of disposable income that people allot for personal expenditure is known as the propensity to consume.
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which two of the following are tests for whether registration as an investment adviser is required under the uniform securities act? I Whether the investment adviser has an office in that state
II Whether the investment adviser is an individual
III Whether the investment adviser accepts a fee for rendering advice
IV Whether the investment adviser gives advice relating to the advisability of investing in securities
The Investment Advisers Act of 1940 requires that persons or firms advising others regarding securities must register with the Securities and Exchange Commission.
What Is an Investment Adviser?Any individual or organisation that, for a fee, provides investment advice or does securities analysis, whether directly managing the assets of clients or through written publications, is referred to as an investment adviser (sometimes known as a stock broker). The Investment Advisers Act of 1940 established the specific definition of the term.
A Registered Investment Adviser is an investment advisor having enough assets to be registered with the Securities and Exchange Commission (SEC) (RIA).
Alternatively written "investment advisors" or "financial advisors," investment advisers are also known as "financial advisors."Financial experts known as investment advisers provide fee-based investment advice or do security analyses.Investment advisers must be registered in the United States.
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Which of the following are services airlines frequently offer to create value for customers? (Choose every correct answer.)
Many flights to destinations consumers want
In-flight WiFi shopping opportunities
The following are the services airlines frequently offer to create value for customers: Many flights to destinations consumers want and In-flight WiFi shopping opportunities to cater customer needs.
This phrase refers to a company's capacity to provide a return on investment that is greater than the capital that was first invested in the enterprise. By making internet accessible to passengers, the airlines are adding value. If left to their own devices, the passengers would appreciate the gesture. We can therefore conclude that when JetBlue Airlines offers in-flight internet shopping, it is to create value and meet customer needs.
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The addition of acceptance criteria factors to the milestone schedule in a project charter helps the team understand who will judge the quality of the deliverable associated with each milestone,and _____. A) that stakeholder's role on the team. B) the risk associated with each milestone. C) the penalties for not achieving the desired quality. D) what criteria will be used for that determination.
The addition of acceptance criteria factors to the milestone schedule in a project charter helps the team understand who will judge the quality of the deliverable associated with each milestone, and what criteria will be used for that determination.
What is Milestone Schedule?
A milestone schedule, which identifies the significant project milestones, is a summary level timetable. Instead than focusing on activities, milestone planning emphasizes milestones.
Milestone schedules provide evidence of key deliverables, noteworthy occurrences, contractual responsibilities, and corporate strategic goals.
What is an example of a milestone?
Tasks with a high priority, checkpoints, and deliverables are a few instances of milestones. In addition, they can involve employing employees, executing contracts, creating prototypes, filing for patents, creating press releases, and receiving funding.
A milestone is a noteworthy occasion or activity in a project or your professional journey that denotes a key stage of advancement.
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hawthorne employees who take on non-required extra roles (e.g., help out coworkers, train the new guy) at work are higher in altruism but lower in productivity than other employees.
The Hawthorne impact is a phenomenon that happens when humans are consciously or unconsciously aware that they are being determined and they exchange their conduct as a result.
The Hawthorne effect can be used to make bigger worker productivity or to enhance worker satisfaction.
Which of the Hawthorne studies determined that employees?Hawthorne effect. The Hawthorne research determined that personnel in the experimental group: have been more productive than different personnel regardless of the degree of lighting.
How Hawthorne impact can be used in cutting-edge workplace?The Hawthorne effect discovered that employees perform higher when they recognize that any individual is watching them. This would not mean that it is a suitable thought to watch their every move so your employees feel they're below regular supervision.
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https://brainly.com/question/5010067#SPJ4Draiman guitars is offering 110000 shares of stock
If Draiman Guitars is offering 110,000 shares of stock in an IPO by a general cash offer. The net proceeds to the company is: $3,596,800.
How to find the net proceed?Using this formula to determine the net proceed
Net proceeds =Shares of stock × Offer price × (1 - Underwriter spread percent) - Administrative cost
Net proceeds = [110,000 × $39 × (1 − .08)] − $350,000
Net proceeds = [110,000 × $39 × 0.92] − $350,000
Net proceed = $3,946,800 - $350,000
Net proceeds = $3,596,800
Therefore the net proceeds to the company is: $3,596,800.
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The complete question is:
Draiman Guitars is offering 110,000 shares of stock in an IPO by a general cash offer. The offer price is $39 per share and the underwriter's spread is 8 percent. The administrative costs are $350,000. What are the net proceeds to the company?
which of the following would be true if the actual rate of inflation were less than the expected rate of inflation?
People who borrowed funds at the nominal interest rate during this time period would lose would be true if the actual rate of inflation were less than the expected rate of inflation
The gradual loss of purchasing power is precisely what price increases, also referred to as inflation, represent. A proxy for the rate about which buying power erodes over time can be found in the average increased price of a variety of products and services. The increase in price, which is commonly expressed as a percentage, results in a unit of money essentially buying less. Inflation is comparable to deflation, which occurs when prices decline and purchasing power increases.
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The management of a company uses an impartial third party to resolve a dispute it has with some of its employees.Which of the following does this scenario describe?ArbitrationGrievanceMediationBargaining
In mediation the parties (employer, union, or other employee representative) to a labor-management dispute to assist them in reaching a resolution to the disputed issue(s).
Both mediation and arbitration entail the use of a third party to settle a disagreement (often about the interpretation or application of a written contract). However, the process by which a decision is found in arbitration and mediation is very different.
A neutral third party is chosen by the parties (employer, union, or other employee representative) to a labor-management dispute to assist them in reaching a resolution to the disputed issue(s). The mediator's job is to help the parties come to an agreement they can both abide by by listening to their respective points of view and points of interest. If necessary, the mediator will also offer solutions for resolving the conflict. Laws at the state or federal level may require mediation or may make it voluntary.The mediator cannot compel the parties to reach an agreement or impose what they believe to be a fair resolution on them. The parties are not required to follow any recommendations he or she makes regarding the "optimal" way to resolve the conflict.
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"Design for production" takes into account the capabilities of the organization to produce or deliver a given product or service. True or False
True. "Design for production" takes into account the capabilities of the organization to produce or deliver a given product or service.
As mentioned in the above statement Design for production takes into account the capabilities of the organization to produce or deliver a given product or service. This means that the design of a product or service must be feasible and practical for the organization to manufacture or deliver. This includes factors such as the equipment, technology, and labor that the organization has available, as well as the cost and quality requirements of the product or service. By considering these factors during the design process, the organization can ensure that it can effectively and efficiently produce or deliver the product or service to meet customer needs and expectations.
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17. think of a scene from a popular movie that shows an entrepreneur bringing together the factors of production to produce a good or service. identify the movie, the good or service, and three specific factors of production that were required.
The animated movie Monster's Inc. makes extensive use of the four production factors: land, labor, capital, and the entrepreneur.
How would you characterize the elements?
Factors are the numbers that can divide an amount precisely. As a result, after division, there is no residue. Factors are the sums of numbers that you multiply to produce another number. A factor is consequently the divisor of another number.
verb phrasing There should be something considered. when making plans or decisions, to take into account a particular situation or piece of information.
A factor is a quantity that evenly divides another quantity. Alternatively, if two whole numbers are added and the outcome is a product, then the numbers we are adding are factors of the product because
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Which of the following types of departmentalization can result in a company duplicating the equipment it uses to create a product?A. FunctionalB. ProductC. ProcessD. Customer
It is possible for a business to duplicate the tools it employs to make a product as a result of certain process types of departmentalization. The right answer is c.
An organizational structure known as departmentalization divides employees into groups or departments according to a specific set of standards. These divisions cooperate to carry out responsibilities under the direction of their own leadership. On significant or challenging projects, several departments may work together.
The primary models of departmentalization are those based on function, process, product, market, customer, region, and occasionally matrix (also called project organization).
Every organization should have departments because it promotes specialization, growth and expansion, responsibility clarification, improved customer service, performance evaluation, management development, resource optimization, and improved control.
Results cannot be solely attributable to one functional head. The importance of specialization is overstated. Coordination between the various departments' activities could be challenging.
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where is the time period covered by the income statement found? multiple choice question. in the income section in the footnotes in the heading in the revenue section
The time period covered by the income statement is found : in the revenue section.
The income and expenses that a business or organisation incurred during a certain or designated period of time are reported in the income statement.
Will produce value is Option A="Income"&"Statement" IncomeStatement
No value will be produced by Option B="Income"+"Statement."
Choice C = Income & Statement: Has no value.
Option D: "Income" and "Statement" will result in value. Revenue Statement
Therefore, option D, which is = "Income"&" "&"Statement, is the formula that correctly generates the string "Income Statement."
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elena's aunt gave her $100 for her birthday with the condition that elena buys herself something. in deciding how to spend the money, elena narrows her options down to four choices: option a, option b, option c, and option d. each option costs $100. finally, she decides on option b. the opportunity cost of this decision is question 23 options: the value to elena of the option she would have chosen had option b not been available. the value to elena of options a, c, and d combined. the average of the values to elena of options a, c, and d. $100.
The opportunity cost of this decision is the value to Elena of the option she would have chosen had option b not been available.
What is opportunity cost?
Opportunity cost is the price paid when choosing not to pursue the next best option.It is the value of the benefit that is lost when selecting one alternative over another. Opportunity cost can be thought of as the "cost" of making a particular choice. It is important to note that opportunity cost is not just the monetary cost of a decision, but also includes the time, effort, and other resources that could have been used for a different decision. Opportunity cost is an important concept in economics and decision making as it helps individuals and businesses make rational choices. It helps them to weigh the costs and benefits of various options and make informed decisions.
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Which of the following statements contains the most relevant information to include in a business report about the specific market share of computer manufacturers during a particular time frame:
A. In 2009, Hewett Packard shipped more computers than Dell or Apple.
B. In 2009, Hewett Packard held 29.1 percent of the market share, followed by Dell, which held 21.9
percent.
C. Hewett Packard, Dell, Acer, Toshiba, and Apple sold more computers in 2009 than other
computer manufacturers.
D. Apple Computers held the fifth highest share of the computer market in 2009.
The correct answer is B. In 2009, Hewett Packard held 29.1 percent of the market share, followed by Dell, which held 21.9 percent.
Yes, this statement contains the most relevant information to include in a business report about the specific market share of computer manufacturers during 2009. It provides specific market share values for two top manufacturers, which can be used to compare their performance and position in the market.
This statement provides the most relevant information for the specific market share of computer manufacturers in 2009, allowing for a comparison of the performance and position of Hewett Packard and Dell in the market.
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you work for a large company that has over 1,000 computers. each of these computes uses a wireless mouse and keyboard. therefore, your company goes through a lot of alkaline batteries. when these batteries can no longer power the intended device, you need to decide what to do with them. unless otherwise dictated by your local authorities, which of the following would be the easiest way to deal with these batteries?
These batteries can be put in the garbage, which is the simplest way to dispose of them.
In most of the places, the alkaline batteries produced after 1996 are made of comparatively non-hazardous materials and can be thrown directly into the garbage. Sending them to a hazardous waste collection is not necessary. There is no deadline by which alkaline batteries must have passed before being discarded.
Alkaline batteries can technically be recharged, but most manufacturers advise against doing so. Recharging an alkaline battery carries the risk of an explosion and, even if it is successful, results in a poor-quality battery.
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The equation 50 = 5x -10y indicates a positive relationship between x and y?
An equation is a mathematical statement saying that two amounts or values are the same, for example, 6 x4=12x2.
What is the meaning of the Equation?A mathematical statement known as an equation is made up of two expressions joined together by the equal sign.
The definition of an equation in algebra is a mathematical statement that demonstrates the equality of two mathematical expressions. For instance, the equation 3x + 5 = 14 consists of the two equations 3x + 5 and 14, which are separated by the 'equal' sign.
A formula that expresses the connection between two expressions on each side of a sign. Typically, it has a single variable and an equal sign.
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financial statements contain management's assertions about . multiple select question. presentation and disclosure management effectiveness account balances transactions and events
Management's claims concerning transactions, events, account balances, presentation, and disclosure are included in the financial statements.These statements include the balance sheet, income statement, and cash flow statement.
What does thats concerning mean?
When something worries you, it makes you feel worried about it. The fact that he advises on foreign policy while working for foreign corporations raises serious questions. No one challenges upsetting, unsettling, distressing, or alarming, for instance. If we accept these terms, we must also acknowledge that, despite our dislike, the term "concerning" is appropriate. Furthermore, even if the word "concerning" has become more common over the past few decades, it is not a brand-new concept.
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the heading of every financial statement contains several line items. identify the correct items from the list below. (check all that apply.)
The heading of every financial statement contains several line items like : The company name, title of the statement, date or time period and the financial statement covers.
What do you mean by financial statement ?
A financial statement is a document that outlines an individual or organization’s financial activities and position. It typically includes information on income, expenses, assets, liabilities, and equity. Financial statements are used by external stakeholders, such as creditors, investors, and regulators, to assess the financial health of an entity. These documents are also used internally by management to make decisions. Financial statements are typically prepared at the end of an accounting period, such as a fiscal quarter or year, and typically include a balance sheet, income statement, and cash flow statement.
So, The correct answer is The company name, title of the statement, date or time period and the financial statement covers.
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An insured buys a Medicare Supplement insurance policy from a new insurer; this policy will replace one provided to her by another insurer. Which of the following must provide her with a notice of replacement?
The new insurer who is providing the Medicare Supplement insurance policy must provide the insured with a notice of replacement.
The notice of replacement is a document that explains the benefits and costs of the new policy, as well as how it compares to the old policy. It also informs the insured of their right to cancel the new policy within 30 days and return to their original policy without penalty. This is a federal requirement under the Medicare Supplement insurance regulation.A notice of substitution must be given to the policyholder by the new carrier who will be administering the Medigap insurance policy. The new policy's advantages and disadvantages, as well as how it differs from the previous one, are described in the notice of replacement. Additionally, it advises the covered of their opportunity to return to their prior insurance without incurring any fees and terminate the policy change within few working days. According to the Medigap insurance rule, this is a government mandate.
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