The statement is True. Even one instance of unsafe driving will lower your fico score.
A FICO score is a credit score created via the honest Isaac Corporation (FICO). lenders use debtors’ FICO ratings at the side of different info on debtors’ credit reviews to evaluate credit score danger and decide whether or not to extend credit.
FICO scores keep in mind information in 5 regions to determine credit score worthiness: charge records, the current level of indebtedness, styles of credit used, duration of credit score history, and new credit money owed.
FICO is a main facts analytics software business enterprise that provides services and products to each agency and customer. previously called the honest Isaac agency, the business enterprise changed its emblem call to FICO in 2009 and is pleasantly acknowledged for producing the most extensively used client credit ratings that monetary institutions depend upon to determine whether to lend money or difficulty credit score.
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having a strong physical location and internet presensce. is particularly important for retailers and service providers.A competitive advantage based on location is sustainable because it is not easily duplicated.
Because it is difficult to imitate, a locational competitive advantage is long-lasting is Locational excellence.
What is Locational excellence?Excellent locational planning. results from having a strong physical presence and/or online presence. Starbucks is a ubiquitous brand. The customer value circle is encircled by smaller circles for customer excellence, operational excellence, product excellence, and locational excellence.
These are the four major approaches to increasing customer value. For shops and service providers in particular, having a strong physical presence and online presence is crucial. Because it is difficult to replicate, a geographic advantage in the marketplace is sustainable.
having a strong online presence as well as a decent physical location is crucial for service and retail businesses. Because it is difficult to imitate, a locational competitive advantage is long-lasting.
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The complete question is -
A competitive advantage based on location is sustainable because it is not easily duplicated having a strong physical location and internet presensce is particularly important for retailers and service providers.
banco nacional de costa rica is a bank wholly owned by the government of costa rica. it is subject to the rules and regulations adopted by the minister of finance and the central bank of costa rica. the bank borrowed $40 million from a consortium of private banks located in the united kingdom and the united states. the bank signed promissory notes, agreeing to repay the principal plus interest on the loan in four equal installments, due on july 30, august 30, september 30, and october 30 of the following year. the money was to be used to provide export financing of sugar and sugar products from costa rica. the loan agreements and promissory notes were signed in new york city, and the loan proceeds were tendered to the bank there. the bank paid the first installment on the loan. the bank did not, however, make the other three installment payments and defaulted on the loan. the lending banks sued the bank in u.s. district court in new york to recover the unpaid principal and interest. the bank alleged in defense that the minister of finace and the central bank of costa rica had issued a decree forbidding the repayment of loans by the bank to private lenders, including the lending banks in this case. the action was taken because costa rica was having trouble servicing debts to foreign creditors. the bank alleged that the act of state doctrine prevented the plaintiffs from recovering on their loans to the bank. who wins? do you agree with the decision of the district court? explain. libra bank limited v. banco nacional de costa rica, 570 f.supp. 870, web 1983 u.s. dist. lexis 14677 (united states district court for the sourhter district of new york)
Yes, I agree with court's decision in this regard because Banco Nacional de Costa Rica had signed the loan agreement with the bank and thus they should have payed the principle amount plus the interest rate completely.
Who is the bank's owner in Costa Rica?
It is a legally independent, autonomous institution that operates independently of its administration. It is run by a seven-member board of directors that is selected by the president of the republic's cabinet. The General Manager is entrusted with administrative duties.
Which bank in the world has the highest ceiling?
Industrial and Commercial Bank of China Ltd. is the biggest bank in the world in terms of gross revenue and total assets under management (AUM). This company offers business finance, credit cards, loans, money management services for high net worth people and corporations, as well as financing for credit cards and loans.
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select all of the reasons why scheduling can be difficult for operations managers. multiple select question. variability in setup times and processing times the set of jobs to be completed is usually static. interruptions in the work flow (machine break downs, quality issues, etc.)
The following are some of the reasons why scheduling might be problematic for operations managers:
-interruptions in the workflow (machine breakdowns, quality issues, etc.)
-variability in setup times and processing times
What exactly do Operations Managers do?An operations manager's job is to oversee all activities involved in the production of a company's goods and/or services. An operations manager, for example, in the retail business would oversee all activities relating to everyday store floor responsibilities, as well as planning and strategizing.
Operations management is an advanced vocation that necessitates a specific degree of education and expertise in order to support an effective, efficient, and profitable firm. Typical responsibilities include managing the supply chain, supervising various divisions, and guiding day-to-day business operations.
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T/F customer fraud customers do not pay for goods purchased, they pay too little, or they get something for nothing
Customers do not pay for goods purchased, they pay too little, or they get something for nothing - True
Customers who actively give false information or use fraudulent identities to gain goods or services or to avoid paying for goods or services they have already obtained are said to be engaging in consumer fraud. Identity theft, credit card fraud, and check fraud are a few instances of customer fraud.
When a customer engages in a fraudulent transaction such as failing to pay for the products they have purchased, paying too little, or receiving something for nothing whether intentionally or unintentionally, it takes place. It is a sort of fraud that can be carried out by both lone criminals and organised criminal organisations. This kind of fraud can be challenging to identify and prevent.
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a machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. the amount that should be reported as a source of cash under cash flows from investing activities is: multiple choice $45,000. $5,000. $50,000. zero. this is a financing activity. zero. this is an operating activity.
The amount that should be reported as a source of cash under cash flows from investing activities is: $50,000
Given information, the machine cost is $130,000, and the total depreciation is $85,000.
sold cash = $50,000 to determine the amount that should be reported as a source of cash under cash flows, we know that cash from selling equipment is equal to sold cash, or $50000, so we can say that the amount that should be reported as a source of cash under cash flow from investing activities is here. $50,000
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marina is developing a new software company. she locates her business in an industrial park that offers low rent and shared support staff to start up companies. this is an example of a
Marina is developing a new software company. she locates her business in an industrial park that offers low rent and shared support staff to start up companies. This is an example of a business incubator.
What is business incubator?A business incubator is an organisation that offers a comprehensive variety of services, starting with management training and office space and finishing with venture capital investment, to assist new companies and individual entrepreneurs in developing their businesses. A programme called a business incubator provides very early-stage enterprises with access to mentorship, investors, and other forms of support to aid in its establishment. Early-stage enterprises are helped by business incubators to develop beyond their infancy. According to research, participating firms benefit from business incubators in terms of increased employment and access to more business services than competing companies do.
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an organization that practices purchasing products from different vendors is demonstrating which security principle?
An organization that practices purchasing products from different vendors is demonstrating the diversity principle of security.
What do you mean by Vendor?A vendor is a company or individual who sells a product or service.
The idea behind defense diversity is that using security systems from different vendors reduces the chances of a common bug or configuration error compromising them all.
Representation is critical in cyber security, not only for teams to match the diversity of those conducting cyber-attacks but also for teams to represent the groups they are protecting. Due to assumptions in end-user knowledge, a lack of diversity can lead to gaps in cyber security training.
Therefore, It demonstrates the diversity principle of security.
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a negative externality can be internalized by group of answer choices persuasion. the imposition of a tax. the assignment of property rights. a voluntary agreement. all of the above
A negative externality can be internalized by group of answer choices persuasion, the imposition of a tax.
What is imposition of a tax?The act of imposing taxes; the practice of a government collecting money from its citizens. enforcement kind. the process of enforcing; guaranteeing compliance with or obedience to. an unnecessary burden.The act of imposing a fee, levy, tax, or charge on a transaction or asset to the prejudice of the investor is referred to as imposing.Most investing products and services frequently impose fees, which may be used as a deterrent to selling or leaving a financial position early.To learn more about Imposition of taxes refer:https://brainly.com/question/14237938
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Advertising apartments for rent must be done carefully to avoid suggestion that any class of individual is more welcome than others. Which of the following advertisements would be a violation of fair housing law?
Advertising apartments for rent must be done carefully to avoid suggestion that any class of individual is more welcome than others. Misrepresenting the condition of the property by omitting pertinent facts.
By advertisement, what do you mean?An advertising, often known as an advert or ad, is a kind of public communication that advertises a good, service, brand, or occasion. Some people's interpretation of the term can go even farther, encompassing any kind of paid promotion intended to inform or persuade.
Why is advertising necessary and what does it entail?Any sponsored promotion of a product, service, or idea with the intention of influencing one or more individuals is referred to as advertising. Print, radio, television, and digital media are just a few of the channels where it might happen. The main goal of advertising is to persuade a consumer to buy a product or take a certain action.
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to prepare for dual agency in the case that an in-house buyer client is brought to a transaction, what should a brokerage that operates primarily as seller's agents do?
Clients of the seller should be made aware of this potential up front, and if at all possible, they should sign an informed consent to dual agency form.
What should be supplied before a dual agency partnership begins?If the question of dual agency is brought up, both the buyers and the sellers must give the agent their written approval before moving further. Without the express consent of both parties, a dual agent may not represent both parties.
Why is it necessary for both parties in a dual agency partnership to sign a disclosure?Dual agency occurs when a broker serves as both a buyer's and a seller's agent. Disclosure is essential in cases of dual agency because the agent still has a fiduciary duty to protect the interests of both clients.
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describe how you would choose between tasks, activities, and events that took place at the same time on your schedule.
If I had to choose between tasks, activities, and events that took place at the same time on my schedule, I would first evaluate the importance of each task and activity. I would then prioritize the tasks and activities that I consider to be most important or beneficial to me.
what do you mean by activities?
Activities can mean different things depending on the context. Generally speaking, activities refer to tasks or actions that require some effort or action. For example, activities can refer to physical activities such as sports, or leisure activities such as playing an instrument or painting. Activities can also refer to educational activities that involve learning and memorization. In the workplace, activities refer to tasks and projects that must be completed in order to accomplish goals. Additionally, activities can refer to social activities such as attending a party or a movie night. Ultimately, activities refer to any action that requires effort, skill, or knowledge.
So, I would prioritize the tasks and activities that I consider to be most important or beneficial to me.
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A branch office manager has instructed office personnel to clean out several storage closets and get rid of old customer documentation that no longer needs to be retained. Which of the following is TRUE regarding record retention for customer information
A branch office manager has given the go-ahead for office staff to organize multiple storage cabinets and get rid of outdated customer documents. Account starting records must be kept for six years following the date the account was closed.
You have the ability and responsibility to provide the company direction. ensures the workplace is safe, secure, and compliant with the law. provide opportunities for personal growth. Managers can accomplish their objectives for their workers by clearly communicating job requirements and planning, monitoring, and evaluating job outputs. A few of the skills that make up management are business planning, decision-making, problem-solving, communication, delegating, and time management. A leader who can communicate rather than simply issue orders and listen rather than just hear would be valued by any subordinate. Employee engagement, productivity, and retention can all increase.
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a new restaurant recently opened and the owner wants to create an ad promoting the curbside delivery service. what marketing objective does this ad align with?
The restaurant creating advertisement and promoting the new curbside delivery service offered by the restaurant aligns with the marketing objective of increasing brand awareness as well as value added service.
The advertisement would likely focus on highlighting the convenience and safety of the curbside delivery option which is a value added service for customers, as well as the high-quality food and service offered by the restaurant. Additionally, the advertisement could also aim to drive sales by encouraging customers to try the restaurant's curbside delivery service.
The advertisement could be promoted through various channels, such as social media, local newspapers, and flyers to reach a wider audience and increase visibility of the new service. Overall, the main goal of this ad would be to generate interest and drive customer traffic to the restaurant's curbside delivery service.
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if an interviewer asks why do you want to work for us?, you should . a. explain that as a recent graduate you want to work for any company that needs a person with your skills and background b. mention the names of your friends who also work for the company c. show that you understand the company and its culture d. briefly summarize problems at your current job that require you to change employers
if an interviewer asks why do you want to work for us you should briefly summarize problems at your current job that require you to change employers.
What is interview?An interview is a conversation between a interviewer and interviewee, typically conducted to assess the qualifications and suitability of a candidate for a job or other position. It may include questions about the candidate's experience, skills, and qualifications, as well as behavioral and situational questions. The interviewer may also provide information about the position and the company. The goal of the interview is to determine if the candidate is a good fit for the job and organization.It's important to show that you have done your research on the company and understand its culture and values. However, it's also important to be honest about your reasons for wanting to leave your current employer and why the company you are interviewing with would be a better fit for you. This shows that you are thoughtful about your career decisions and are not just looking for any job, but the right job for you.To learn more about interviews refer:
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A policyowner has a life insurance policy where she had listed her age on the application as 5 years younger than her actual age. If she dies and the insurer discovers the misstatement of age, how much will the insurance company pay?
A policyowner has a life insurance policy where she had listed her age on the application as 5 years younger than her actual age. The insurance company will pay less than face amount.
If a life insurance applicant lies about their age when applying for insurance, the insurance company (insurer) is protected under the Misstatement of Age provision.
Why would someone applying for life insurance lie about their age? The main factors influencing life insurance rates are an individual's age and health. The rate per unit of life insurance will be lower the younger you are when you get the policy.
See, a unit in life insurance is typically regarded as $1,000 of coverage. Therefore, you can be charged $5 for each item you buy. The rate is referred to as this. Male consumers aged 25 to 50 may pay $1 per unit ($1,000 of coverage purchased) and $5 per unit, respectively.
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which of the following statements is false regarding product costing? multiple choice a common decision facing managers is determining the price at which to sell their products or provide their services. individual product costs are relevant for managerial decision-making but irrelevant for preparing the financial statements. individual product costs are used to compute inventory values and cost of goods sold for financial statements. individual product costs are used in decision-making by various product managers.
This declaration are false, person product expenses are relevant for managerial decision-making but beside the point for getting ready the financial statements.
Product costing is the process of calculating the expenses incurred with manufacturing a single product. This whole fee includes the consumption of uncooked substances and components, labour, and overhead allocated to a sole unit.
What is the function of product costing?More specially product costing is meant precisely to decide the value of a unit of manufacturing (or of a service delivered) by using learn about of every aid used in its creation.
Cost is normally the rate incurred for making a product or service that is offered by means of a company.
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https://brainly.in/question/15841725#SPJ4when connie makes potato salad, she always puts the potato peels in the garden. which waste disposal method is connie practicing? reuse compost landfill recycle
The Connie makes potato salad, she always puts the potato peels in the garden. The waste disposal method is Connie practicing Compost.
How is compost made?Cold composting can be accomplished as easily as gathering yard garbage or removing the organic rubbish items (such as eggshells, coffee grounds, and fruit and vegetable peels) and corralling them in a pile or bin. The substance will break down over the course of a year or so.
What are the three basic components of compost?Dry leaves, plant stalks, and twigs can all be considered carbon-rich materials, or "browns".
Grass clippings and food scraps are examples of nitrogen-rich materials, or "greens".
Water (moisture) (moisture).
Air (oxygen) (oxygen).
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A football game between the Thunder and the Sharks is in its closing minutes, with the Thunder ahead by 20 points. The Thunder's coach considers sending in the second-string quarterback. This would reduce the risk of the star quarterback getting injured, but the second-string quarterback is not very good. Complete the passage describing the coach's decision in economic terms.
The coach is faced with a decision that can be considered in economic terms as a tradeoff between risk and reward.
Complete the passage describing the coach's decision in economic terms?In this situation, the risk is that the star quarterback could get injured and the reward is that the game could be won and the team could potentially advance further in the playoffs.The coach must weigh the potential reward of winning the game against the potential risk of injury to the star quarterback.If the reward outweighs the risk, then the coach may decide to send in the second-string quarterback.If the risk outweighs the reward, then the coach may decide to keep the star quarterback in the game and try to increase the lead by 20 points, thereby reducing the risk of injury.Ultimately, the coach must decide which option provides the most benefit to the team.To learn more about economic terms refer to:
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a(n) budget indicates where the organization expects to get its cash for the coming time period and how it plans to use it. a. liquidity b. debt ratio c. financial d. operating e. nonmonetary
Budget indicates where the organization expects to get its cash for the coming time period and how it plans to use it. a. liquidity
How do you define organizationAn organization is a group of people who work together, like a neighborhood association, a charity, a union, or a corporation. You can use the word organization to refer to group or business, or to the act of forming or establishing something. Three forms of organizations describe the organizational structures that are used by most companies today: functional, departmental and matrix.
What is liquidity, for instance?Because it is the easiest asset to utilize, cash is regarded as the most liquid. Money might be in the form of coins, bills, or the amount in a checking or savings account. Cash is highly helpful for paying for urgent necessities and costs, such as rent and emergency savings.
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The firm should not produce an output level beyond A. 4 units. B. 5 units. C. 6 units. D. 7 units.
D. 7 units of output due to the fact total income is maximized.
What stage of output will the company produce?To maximize profits, the association ought to set marginal income equal to marginal cost. Given the reality that this association is working in a aggressive market, the market price it faces is equal to marginal revenue.
In order to maximize profit, the association ought to produce where its marginal revenue and marginal fee are equal. The firm's marginal fee of production is $20 for every unit. When the association produces four units, its marginal income is $20. Thus, the firm produce 4 units of output.
The most beneficial output rule states that a business's profit is maximized when it produces a extent of output the place the marginal revenue equals the marginal value (MR = MC). If a enterprise needs to amplify its income by using increasing output (MR), that motion must equal the trade in complete value (MC).
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https://brainly.com/question/28334479#SPJ4Which of the following types of businesses is least likely to encounter agency problems due to the fact that the owner's personal wealth is tied to the value of the business?sole proprietorship
The concept given is Sole proprietorship. A sole proprietorship is a business owned, controlled, and operated by one person.
A sole proprietorship, also known as a sole proprietorship, sole proprietorship, or private company, is a type of business owned and operated by a person where there is no legal distinction between the owner and the business entity.
A sole proprietorship does not necessarily work alone and may employ other people. A person running a business receives financial benefits and bears all the risks and liabilities in carrying out his or her job.
suitable for individually managed professions such as salons or small retail shops. It's more useful because it requires less paperwork and low setup costs are the two main benefits of being a sole proprietor. Also, there's maintainability.
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\which of the following statements is characteristic of entrepreneurs? select one: a. they like certainty. b. they have the ability to visualize a clear path. c. they look at problems and see opportunities. d. they prefer to be inventive rather than worry about whether the invention solves a customer need.
They observe issues and spot chances. The required answer for the given question is option(c).
Who is an entrepreneur?An entrepreneur is someone who takes on risk in order to launch their own business. An entrepreneur is someone who constantly looks for change, reacts to it, and takes use of it as an opportunity. Entrepreneurship is the ability to act on ideas and build on opportunities.
A successful business venture is the result of an innovator's new ideas, which are brought in by an entrepreneur. An entrepreneur is someone who uses fresh concepts or methods of operation to try to satisfy the wants of a client while also reaping financial rewards.
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john and tyler jones are brothers who entered into a partnership. the brothers have limited liability that protects each partner from malpractice or negligence claims resulting from the other partner. however, both brothers are responsible for other debts in the partnership. this type of partnership is called a(n):
Both brothers are responsible for other debts in the partnership. this type of partnership is called limited liability partnership.
What does the term "limited liability partnership" mean?
A different corporate business structure known as an LLP offers both the freedom of a partnership and the advantages of a company with limited liability.
No matter how many partners change, the LLP can continue to exist. It has the legal authority to possess property in its own name and to enter into contracts.
What distinguishes an LLP from a partnership?
According to the legislation, an LLP is a distinct legal entity. In addition to its partners, a partnership firm has no further legal status.
The amount of the partner's liability in an LLP is capped at what they contributed in capital. A partnership business has an infinite liability for its partners.
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According to Keynes, which of the following should the government do when the economy overheats?Raise taxes.
Correct answer is raise taxes.
Primarily thru their impact on demand. Tax cuts raise demand by way of growing disposable profits and through encouraging companies to appoint and make investments more.
Tax will increase do the reverse. These demand results can be widespread when the economic system is vulnerable but smaller when it is running near capacity.
What is the motive to enlarge taxes?Taxes are levied via governments on their citizens to generate earnings for task initiatives to enhance the economy of the us of a and to elevate the fashionable of dwelling of its citizens.
Does tax increase or reduce demand?Increasing tax
If the authorities will increase the tax on a good, that shifts the grant curve to the left, the patron rate increases, and sellers' fee decreases. A tax make bigger does now not affect the demand curve, nor does it make grant or demand extra or much less elastic.
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https://brainly.com/question/30190968#SPJ4true or false: employees with high levels of task performance seldom have counterproductive behaviors.
The following statement "Employees with high levels of task performance seldom have counterproductive behaviors" is False.
Employees are employees and supervisors who work for a firm, organisation, or community. These are the organization's employees. In general, an employee is somebody employed by an employer to execute a specific work in return for remuneration, however there are numerous types of employees.
Employers in certain nations are required by law to perform specific tasks, such as pay minimum wage, maintain a safe workplace, and occasionally pay taxes. Employers must also provide benefits to their formal workers, such as health insurance.
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What 5 reasons would a business owner decide to sell their business? If you are having trouble, please use the internet.
Answer:
The business owner should decide to sell their business in two situations -- either it's not going well, or it's going too well but there is a chance of loss of development ahead.
Explanation:
The reasons could be endless, depending upon the circumstances -- whether you run the business alone or with a team, whether you run the business on your money or others, and whether you have the time to invest in the business, or not.
But to enlist any five reasons, consider the following:
- New Projects: You may wish to move on and have another project in mind.
- Personal Debt: Successful businesses can be sold to pay off the owner's personal debts.
- Work/Life Balance: Balancing work with life or maybe even retirement are reasons to sell.
- Capitalisation: Reaping the dividends of many years of hard-working by capitalizing.
- Limited Potential: Not seeing enough potential or poor performance.
There are some reasons would a business owner decide to sell their business which are the owner runs a different enterprises, retiring from the business, moving and unable to operate the business and many more.
What do you mean by the selling the business?The procedure of offering your business for sale to a person or business. You'll need a plan to exit your firm, just as you did to enter it. A business must be sold or otherwise disposed of with significant thinking, planning, and cautious execution.
Selling your business can help you fund your retirement goals, regardless of whether you want to retire, pay off your mortgage, relocate, purchase a new home, or start a different form of business.
Therefore, there are five reasons where would a business owner decide to sell their business are:
The owner runs a different enterprises.Retiring from the business.Moving and unable to operate the business.Selling to pursue the alternatives possibilities.The business runs in the loss.To know more about the selling the business, visit:
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if both the demand rate and lead time are constant, how do the fixed-interval model and the fixed-quantity model compare? multiple choice question. the risk of a stockout is higher with the fixed-quantity model. inventory holding costs are higher for the fixed-quantity model inventory holding costs are higher for the fixed-interval model they function identically
If both the demand rate and lead time are constant, the fixed-interval model and the fixed-quantity model can be compared as they both function identically.
Demand in economics refers to the quantity of a good that consumers are willing and able to purchase at various prices at any given time. The relationship between price and quantity demand is known as the demand curve.
Demand for a certain product is influenced by a number of variables, including perceived necessity, price, perceived quality, convenience, accessibility of alternatives, consumers' discretionary income and preferences. The desire or incapacity of a consumer to acquire a product is influenced by a variety of factors and circumstances. Price of the commodity, cost of related things, and preferences or likes are a few of the often used factors.
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Miley Corporation had the following balance sheet data:
Cash $80 Accounts Payable $30
Accounts Receivable $10 Salary Payable $25
Equipment $90 Common Stock $18
Land $100 Retained Earnings ?
After preparation of the above Balance Sheet, $5 of Accounts Payable was paid in Cash. After the payment, what will Miley report as Retained Earnings?
A) $225
B) $50
C) $275
D) $207
After the payment of $5 of Accounts Payable, the retained earnings that Miley will report is $207.
Therefore the answer is D
Retained earnings are the cumulative net income of a company that is retained by the company rather than being distributed as dividends to shareholders. To calculate retained earnings, we take the beginning balance of retained earnings and add net income and subtract dividends.
In this case, we don't have the net income and dividends, but we can calculate the retained earnings by using the following formula:
Assets = Liabilities + Shareholder's Equity
Retained Earnings = Shareholder's Equity - Common Stock - Retained Earnings
In this case, Miley Corporation had:
Assets = $80 + $10 + $90 + $100 = $280
Liabilities = $30 + $25 = $55
Shareholder's Equity = $280 - $55 = $225
Retained Earnings = $225 - $18 = $207
So, after the payment of $5 of Accounts Payable, the retained earnings that Miley will report is $207.
Therefore the answer is D) $207
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On October 17, Nikle Company purchased a building and a plot of land for $420,000. The building was valued at $243,600 while the land carried a value of $176,400. Nikle paid $63,200 down in cash and signed a notes payable for the balance. Prepare the journal entry for this transaction. If an amount box does not require an entry, leave it blank or enter " Ot. 17 Building Land Cash Notes Payable
Building Land Cash Notes Payable Notes Payable =[420000 - 63200]= $356,800
Amount of Sales change = 198000 – 165500 = $ 32,500 [Increase]
--% change = (Change/Year 1 value) x 100 = (32500 / 165500) x 100 = 19.6%
A transaction is a completed settlement between a buyer and a seller to alternate items, services, or monetary belongings in go back for money. The time period is also generally utilized in company accounting. In enterprise bookkeeping, this plain definition can get problematic. A transaction may be recorded by an enterprise earlier or later depending on whether or not it makes use of accrual accounting or coins accounting.
A sales transaction between a consumer and a dealer is fairly truthful. character A can pay individual B in an alternative for a product or service. when they agree on the terms, money is exchanged for the good or service and the transaction is complete.
Transactions may be more complicated within the accounting global due to the fact agencies might also make a deal nowadays that might not be settled until a future date. Or, they'll have sales or expenses which can be recognized but are no longer due. third-celebration transactions also can complicate the manner.
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which of the following is true of the ucc? multiple choice it recognizes the concept of good faith dealing. it applies to both the sale of goods and services. it is generally less flexible than the common law of contracts. it has changed all the traditional contract rules.
It acknowledges the idea of "good faith dealing," which is true according to the UCC.
What exactly does the UCC mean by "good faith"?The UCC's general definitions of "good faith" state that it means being "honest in truth and adhering to recognized commercial principles of fair dealing." UCC § 1-201. Transactions in which a merchant sells goods are characterized similarly in Article 2 of the UCC.
The UCC applies to goods and services, right?Any objects (including expressly created goods) that can be transported at the time of identification to the contract for sale are covered by the UCC, according to Indiana law. Ind.
Is common law preferred above the UCC?While common law requires privity of contract, the UCC does not. In circumstances of fraud, punitive damages are not allowed by common law. The UCC permits the buyer to have a legitimate title even in cases of fraud. Common law is substantially stricter about accepting contracts than the UCC.
How has the UCC changed the common law of contracts?According to common law, a contract can only be changed if there is new compensation involved. Under the UCC, a contract, however, may be modified without additional money. Unlike under the common law, a contract may be terminated under the UCC for impracticability.
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