When a company receives cash in advance from customers for services to be performed in the future, the transaction affects the blank deferred revenue account.
When a business is paid in advance for a service that will be rendered later on, it?Terms in this group (34) refer to assets or rights that benefit a business after the current month has ended. A corporation should debit (make a left entry) more money from the cash account if it gets payment in advance for future services to be rendered.
What occurs when a customer gives a business cash in advance?The business receives cash from consumers who pay in advance, increasing its assets and liabilities at the same time (the liability account is called unearned revenues). As a result, both assets and liabilities grow by the same amount.
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_________ is the practice of selling ________ at different prices in different markets, without corresponding differences in costs.a. privatizing; the same productb. monopolizing; similar productsc. price fixing; different productsd. price discrimination; the same product
Price discrimination is the practice of selling the same product at different prices in different markets, without corresponding differences in costs
Pricing clients differently for the identical commodity or service according to what the vendor thinks they can convince the customer to accept is a sales strategy known as price discrimination. When a business practises pure predatory pricing, they impose the highest price that each customer will accept. The provider separates customers into groups based on specific criteria and assigns a different price to each group in more common types of price discrimination.
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Burghers were a feudal class of people in Europe who were owned by the heads of the estates where they worked. False
Burghers were a class of citizens in medieval and early modern Europe who were independent, wealthy and had certain legal privileges. They were usually members of the merchant or trading classes. True
What is merchant?
Merchant is a businessperson who trades in commodities that were produced by others, usually in exchange for money. Merchants are an essential part of a market economy, as they facilitate trade and provide consumers with access to goods and services. Merchants can be categorized as either wholesalers or retailers, depending on the size of the business they operate. Wholesalers are often involved in larger transactions, while retailers are typically focused on individual customers. Merchants may also specialize in buying and selling certain types of goods and services, such as clothing or electronics. They usually purchase these items in bulk from manufacturers or distributors and then resell them to consumers at a markup.
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Operating transfers received by a governmental-type fund should be reported in the Statement of Revenues, Expenditures, and Changes in Fund Balance as an
Operating transfers received by a governmental-type fund should be reported in the Statement of Revenues, Expenditures, and Changes in Fund Balance as an other financing source.
A operating transfer is a legally authorized transfer from an income-receiving fund to a paying or paid-out fund.
These remittances are authorized by Section 4 of the Treasury Act and the annual budget account which specifically states the funds to be transferred and to which funds are to be transferred.
All operating transfers are closely monitored and reported by the OSC. Pursuant to the Articles of Incorporation, in most cases, at the request of the Secretary of the Treasury, transfers are handled by his OSC's Office of National Accounting Services.
Transfer of operations means, in particular, the transfer of resources from one fund/account to another fund/account in order to support the normal level of operation of the receiving fund/account.
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WILL GIVE BRAINLIEST!!!!!
What determines the
effectiveness of the recruitment
process?
Finding the perfect applicant
within one week
Attracting the right number of
applicant at the right time
Gathering a large number of
resumes for all positions in the
company
The ability to hire trained
employees away from competitors
Answer:
The ability to hire trained employees away from competitors
Explanation:
A good recruitment process allows you to find qualified candidates quickly and efficiently. The process requires intentional planning and constant evaluation. The recruitment process should be streamlined so each staff member has the tools and resources they need for their step in the process.
any discussion of the marketing mix typically begins with which of the four ps?multiple choice question.price promotionproductplace profit
A "marketing mix" consists of four important elements: product, price, place, and promotion. However, any discussion of the marketing mix typically begins with the product.
As part of a complete marketing plan, a marketing mix encompasses many areas of concentration. The word is frequently used to allude to a popular classification that began with the four Ps: product, pricing, placement, and promotion. Instead of focusing on a single message, effective marketing covers a wide range of topics. This allows you to reach a larger audience, and keeping the four Ps in mind allows marketing professionals to stay focused on what actually matters. When releasing new goods or changing current ones, firms may make more strategic decisions by focusing on the marketing mix. Not all marketing is centered on a single product. Because customer service firms are fundamentally different from those focused solely on physical items, they will frequently take a consumer-centric strategy that adds additional features to satisfy their specific demands.
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Suppose that autonomous consumption is $400 and that the marginal propensity to consume is 0.8. If disposable income increases by $1,200, consumption spending will increase byA. $1600B. $1360C. $1200D. $960E. 400
D. $960, Assume that the marginal propensity to consume is 0.8 and that autonomous consumption is $400. Spending on consumption will rise by $960 if disposable income rises by $1,200.
The percentage of an overall salary increase that a customer spends on purchasing goods and services rather than saving is known as the marginal propensity to consume (MPC) in economics. Keynesian macroeconomic theory includes a concept known as marginal propensity to consume, which is determined as the change in consumption divided by the change in income. A consumption line, which is a sloping line made by charting the change in income on the horizontal "x" axis and the change in consumption on the vertical "y" axis, is used to represent MPC. The percentage of additional income that is spent on consuming is known as the marginal propensity to consume.
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All of the following statements are true regarding the transfer of Individual Retirement Accounts from one trustee to another EXCEPT:A. there is no limit on the number of transfers that can be made each year
B. the funds can be transferred by having the trustee or custodian make a check payable to the account holder; who will then deposit the check with the new trustee or custodian
C. the transfer can be effected by wiring the funds directly between trustees or custodians
D. the transfer can be effected by having the predecessor trustee or custodian make a check payable to the successor trustee or custodian
IRA moves between legal administrators should be made straightforwardly from one legal administrator to another. There is no restriction on the number of moves that can be made every year.
The most intelligent response is A. Commitments to burden qualified retirement plans are charge deductible. They are made with "before-charge" dollars, subsequently, those assets were rarely burdened.
Practically any sort of speculation is reasonable inside a Singular Retirement Record (IRA), including stocks, securities, shared reserves, annuities, unit venture trusts (UITs), trade exchanged reserves (ETFs), and, surprisingly, land.
You have 60 days from the date you get an IRA or retirement plan appropriation to turn it over to another arrangement or IRA. The IRS might postpone the 60-day rollover prerequisite in specific circumstances on the off chance that you missed the cutoff time as a result of conditions unchangeable as far as you might be concerned.
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Gigi transfers real estate with a basis of $60,000 and a fair market value of $40,000 to Monarch Corporation in exchange for shares of § 1244 stock.
Assume that the transfer qualifies under § 351.
a. What is the basis of the stock to Gigi? Gigi and Monarch do not make an election to reduce her stock basis.
b. What is the basis of the stock to Gigi for purposes of applying § 1244?
c. If Gigi sells the stock for $38,000 two years later, how will she treat the loss for tax purposes?
Gigi's tax basis in the shares received in the transaction is $60,000.
Which of the following best describes how selling Section 1244 shares has tax benefits?Gains from the sale of shares are exempt from taxes under Section 1244 for individual shareholders. Stock in the transferee corporation must be the only exchange of the items qualifying for Section 351 exchange treatment.
For the purposes of Section 351, stock is defined as either common or preferred stock; however, stock rights, securities, and nonqualified preferred stock (NQPS) of the transferring corporation are not regarded as stock.
Hence
(b)The basis of the stock to Gigi for purposes of applying § 1244 is $25000.
(c) If Gigi sells the stock for $38,000 two years later, she treat the loss for tax purposes ordinary loss upto $50,000 therefore loss of $ 22,000 will be deductable .
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operation x feeds into operation y. operation x has an effective capacity of 55 units per hour. operation y has an effective capacity of 50 units per hour. increasing x's effective capacity to ensure that y's utilization is maximized would be an example of a constraint. A. overcomingB. outsourcingC. insourcingD. cushioningE. none of the above
Increasing the operation's effective capacity before the limitation is one technique to (E) support a constraint.
What is a constraint?A company that has a contract to supply goods, materials, or services that are essential to the running of the manufacturing facility is referred to as a supporting business.
One way to support a constraint is to increase the operation's effective capacity before the limitation.
The constraint-based theory has been proven to be supported by effective contextual features.
In the context of visual arrays, Spivey et al. (2002) examined eye movements in reaction to audio garden path words.
Anything that inhibits the organization from moving closer to its objective is a constraint.
Constraints in industrial processes are frequently referred to as bottlenecks.
Therefore, increasing the operation's effective capacity before the limitation is one technique to (E) support a constraint.
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Complete question:
Operation X feeds into operation Y. Operation X has an effective capacity of 55 units per hour. Operation Y has an effective capacity of 50 units per hour. Increasing X's effective capacity to ensure that Y's utilization is maximized would be an example of ________ a(n) constraint.
A. overcoming
B. outsourcing
C. insourcing
D. cushioning
E. supporting
central bank increases interest rates too quickly after a period of negative rates, it can lead to an increase in demand and therefore an increase in prices, or inflation
The statement "when a central bank raises interest rates too rapidly following a period of negative rates, it may increase demand and, as a result, price inflation" is TRUE.
What is Inflation?A central bank may stimulate demand and, as a result, price inflation when it raises interest rates too quickly after a period of negative rates.
Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.
The annualized percentage change in a general price index, or the inflation rate, is the most widely used indicator of inflation.
The consumer price index (CPI) is frequently employed for this purpose because price increases are not uniform across the board.
In the United States, wages are also calculated using the employment cost index.
Therefore, the statement "when a central bank raises interest rates too rapidly following a period of negative rates, it may increase demand and, as a result, price inflation" is TRUE.
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Correct question:
the central bank increases interest rates too quickly after a period of negative rates, it can lead to an increase in demand and therefore an increase in prices, or inflation. TRUE/FALSE
ponoroff and epstein are negotiating for the purchase of a cow. they reach an agreement on a purchase price of $600, after several back and forth negotiations over the price involving other terms such as delivery date, veterinarian inspections, and the like. at the end of negotiations, ponoroff and epstein sign the following document:
After a protracted exchange of back and forth about the price and other terms like the delivery date, they settle on a purchase price of $600.
What does a buy look like?
10,000 pairs of sneakers will be purchased from a foreign vendor by Shoes Unlimited. This entails the corporation issuing a purchase order, which is a formal commitment to buy the specified kind and number of shoes.
Purchasing is the act of procuring products or services. Purchase refers to an object that has been made. A sell is what a purchase is not. When buying, the shorter word "buy" is frequently used in place of the longer term "purchase."
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assume that leia wants to buy a speeder bike and is currently negotiating with an ewok. leia wants to spend $500 and the ewok is hoping to sell his bike for $900.identify two specific things that the ewok could do (or say) to negotiate a higher price.
The Ewok may offer to meet her halfway in exchange for $700. The Ewok may let her know that he would accept $500 up front and the remaining $400 later.
A made-up species of small, fuzzy, bipedal mammaloid creatures from the Star Wars universe is called a "Ewok." Given that they reside on the forest moon of Endor in arboreal huts and other basic structures, they are viewed as being primitive in comparison to other sentient species. The TV movies give Wicket, an important Ewok from the movies, more screen time, and he ends up becoming for Ewoks what Chewbacca is for Wookies. Like in the theatrical films, the Ewoks are initially distrustful of the humans, but with time they develop into devoted pals.
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In your company, people talk about Owen, the auto mechanic who stripped an entire car to find an electrical problem, as a role model for everyone to follow.
In your company, people talk about Owen, the auto mechanic who stripped an entire car to find an electrical problem, as a role model for everyone to follow hero culture.
A “hero culture” is an organization, or functional area of an organization, led by a group of hard-working and highly talented “heroes” who possess strength, will and knowledge.
Organizational heroes go to great lengths to get work done. That's because others in the organization don't have the knowledge, judgment, experience, training, or skills to get the job done.
The transformation from a hero culture to a business process-driven corporate culture is difficult.
Organizations that fit the hero culture profile are characterized by rapid growth fueled by a cast of “heroes.” Heroes are a core group of highly intelligent and driven people.
Often they see the business as "ongoing" because there is no traditional model to follow. Contrary to appearances, a hero-based culture is highly inefficient, a rigid and agile culture that responds to rapidly changing conditions (customers, competitors, product lines, regulations, economics, talent, etc.). create an environment.
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Stefan was recently hired by a small business to provide strategic planning consulting. In the initial meeting, Stefan emphasized the importance of the _______, which is the foundation of any company's marketing plan.A). mission statement
B). situation analysis
C). competitive analysis
D). target market strategy
B)situation analysis, which is the core of each company's marketing plan.
Situation analysis (or situational analysis) is a collection of approaches used by managers to study an organization's internal and external environments in order to comprehend the capabilities of an organization, customers, and business environment. Several techniques of analysis, such as the 5C analysis, SWOT analysis, and Porter's five forces analysis, can be used in a scenario study. Situation analysis (or situational analysis) is a collection of approaches used by managers to study an organization's internal and external environments in order to comprehend the organization's capabilities, customers, and business environment. Several techniques of analysis, such as the 5C analysis, SWOT analysis, and Porter's five forces analysis, can be used in a scenario study.
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The account Accumulated Depreciation appears on which of the following financial statements? O Statement of changes in stockholders' equity O Statement of cash flows O Income stamen O Balance sheet
Accumulated Depreciation is reported on the balance distance as a contra asset that reduces the net book value of the capital asset section.
Deprecation expenditure is reported on the income statement as any other normal business expenditure, while accumulated deprecation is a running aggregate of deprecation expenditure reported on the balance distance.
Both deprecation and accumulated depreciation are related to the" wearing out" of a company's means. Deprecation is an on-cash expenditure, which needs to be added back to the cash inflow statement in the operating conditioning section alongside other charges similar to amortization and reduction.
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identify each cost as either a product cost or a period cost. if a product cost, classify it as direct materials, direct labor, or factory overhead. if a period cost, classify it as a selling expense or a general and administrative expense.
Examples of product costs are direct materials, direct labor, and allocated manufacturing unit overhead. Examples of length fees are commonplace and administrative expenses, such as rent, office depreciation, office supplies, and utilities.
What is a product cost vs length cost?Product prices are these without delay associated to the manufacturing of a product or carrier meant for sale. Period prices are all different oblique costs that are incurred in production. Overhead and sales and advertising and marketing costs are common examples of length costs.
The three familiar classes of prices protected in manufacturing tactics are direct materials, direct labor, and overhead. Note that there are a few exceptions, considering the fact that some service industries do not have direct cloth costs, and some computerized manufacturing companies do no longer have direct labor costs.
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https://brainly.com/question/28294479#SPJ4Which of the following factors was most influential in the growth of industrialization? A.Large numbers of unemployed farm workers provided industrial labor.B.Factories became more efficient, which led to higher prices for most goods.C.Manufactured goods replaced fresh crops in most markets and stores.D.More people moved from cities to rural areas in order to purchase farmland.
Option A is correct. The factor that most influenced the growth of industrialization was the large number of unemployed rural workers in industrial jobs.
Industrialization is the process of transforming a country's or region's economy from an agricultural focus to one dependent on manufacturing. Mechanized methods of mass production are an integral part of this transition.
Positive characteristics of industrialization include economic growth, a more efficient division of labor, and a surge in technological innovation.
Industrialization is the transformation from an agricultural and resource-based economy to one based on mechanized manufacturing. Industrialization is usually associated with higher average incomes and higher living standards.
Early industrialization took place in Europe and North America in the eighteenth and he nineteenth centuries, and later in other parts of the world. Over time, numerous industrialization strategies have been pursued with varying degrees of success.
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In the country of Cantada, the demand curve for syrup (measured in tons) is given by the expression P = 5000 - 20QD. The supply curve is P = 30QS. At the competitive equilibrium, what is the value of total surplus ( = consumer surplus + producer surplus)?
The formula P = 5000 - 20QD provides the demand curve for syrup in the nation of Cantada (measured in tonnes). P=30QS is the supply curve.
What is the definition of a demand simple?
Demand in economics refers to a consumer's desire to purchase products and services as well as their willingness to pay a specific price for them. In general, when a good or service's price increases, demand decreases. Demand, claim, need, and exact all imply making a request as necessary or reasonable. Demand entails the ability to make demands that are to be interpreted as orders, as well as presumption and perseverance.
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are there shortcomings with the notion of “letting the market decide outcomes”? How would you change the way the American economy functions?
Answer: Answer below
Explanation:
The notion of "letting the market decide outcomes" is based on the idea of laissez-faire economics, which holds that government intervention in the economy should be minimal and that the market will naturally regulate itself. However, there are several shortcomings with this notion, such as:
Market failure: The market can fail to provide certain goods or services, such as public goods, or to allocate resources efficiently. For example, in the case of a natural monopoly, the market will not provide the most efficient outcome.
Income inequality: The market can lead to significant income inequality, as those who own productive assets or have access to high-paying jobs will tend to accumulate more wealth than others.
Environmental degradation: The market can lead to environmental degradation, as companies may prioritize profits over protecting the environment.
Short-term thinking: The market can lead to short-term thinking, as companies may prioritize immediate profits over long-term sustainability.
To change the way the American economy functions, one could advocate for a more active role for government in the economy, such as implementing policies to address market failures and income inequality, such as progressive taxation, social welfare programs, and regulations that protect the environment. Other policies such as the implementation of a Universal Basic Income, stronger labor protections, and greater investment in public goods and services, can also be advocated. Additionally, the government could also create programs to invest in infrastructure and education to improve the human capital of the population and to increase economic growth.
The term “letting the market decide outcomes” reflects less intervention of the government in the market which encourages freedom in the market with liberty.
What is the economy?The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.
The notion of “letting the market decide outcomes” reflect limited government interference and more freedom to market activities which might signify that the market is controlled as a monopoly and cause market failure with fluctuations in the income of different producers.
One could also claim a more significant participation for the government in the economic system by putting forward measures to deal with market inefficiencies and income inequality in order to transform how the American economy functions.
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Sameen and Harold are graphic designers. Samantha, their manager, has asked them to design posters for an Artificial Intelligence (AI) project. The posters will be displayed at a trade show in New York. Sameen and Harold have strong points of view regarding design. Sameen prefers a realistic design in which components represent their real-life counterparts. Harold, on the other hand, favors a flat or minimalist design approach that is modern, trendy, and colorful. While working on the posters, this conflict in design approach is creating tensions between them. Sameen and Harold need to find a way to resolve this conflict and come up with a design that fulfils project requirements. What should they do?
Select one:
A.
They should decide to opt for one design approach for the posters and let go of the other.
B.
They should identify elements from both design approaches that are compatible and can be combined to create posters that are suitable for the project.
C.
They should reach out to Samantha individually and try to convince her to opt for their design approaches.
D.
They should reach out to Samantha and request her to assign other designers to the project to complete the work.
In order to have the design that would fulfil the project requirement, they should should identify elements from both design approaches that are compatible and can be combined to create posters that are suitable for the project. Option B
What is a realistic design?Making things appear to be composed of something else is referred to as skeuomorphism (or realism). purposefully creating digitally-based products that closely mimic the "real thing"
To be able to cope with situations practically and to view things as they truly are. an intelligent, practical attitude or person. attempting to have a realistic assessment of their prospects of achievement. 3.: grounded in reality rather than on hopes or desires: neither irrational nor idealistic.
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Farrah, a regional manager for an HVAC equipment retailer, received an e-mail from the CEO outlining the new goal of decreasing company costs over the next three years. This is an example of a strategic goal.
True or False
Consumer surplus is a financial estimate of the benefits that consumers receive from market competition.
When customers pay less for a good or service than they would be willing to, this is known as consumer surplus. If markets lacked competition, the consumer surplus would be lower and inequality would be higher. Less consumer surplus leads to higher producer surplus and more inequality. Consumer excess allows consumers to select from a wider range of items. Producer surplus is the overall profit made by a producer after producing and reselling a specific quantity of a good at market price. The total revenue a producer receives from selling their goods less the marginal cost of manufacturing is the producer surplus.
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Emmanuella is looking for work as a electrical engineer. Her prospects are good but so far she has not taken a ob. Jake is looking for work in a paper mill. Every time Jake shows up for an interview, there are more people looking for work than there are openings. He realizes that it has been that way for a long time. a) Emmanuella is frictionally unemployed, and Jake is structurally unemployed. b) Emmanuella is structurally unemployed, and Jake is frictionally unemployed. c) Emmanuella and Jake are both structurally unemployed. d) Emmanuella and Jake are both frictionally unemployed.
In a paper mill, Jake is looking for employment. When Jake shows up for a job interview, there are always more job seekers than opportunities. He understands...
What are the people known as?
noun (1): The common citizens of a nation who do not enjoy special advantages or powers. Because she pays attention to the people, she is well-liked as a senator. the average people.
Men, women, and kids are persons. Instead of "persons," the plural form of the noun "person" is commonly used: "people."
When you criticize someone for using others, you're saying that person doesn't care about the other people; they force others to perform tasks for them so they can profit or gain an advantage.
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companies must follow gaap (or international financial reporting standards, ifrs, in the case of companies headquartered in many countries outside of the united states) in their
When assembling their financial accounts, American public firms' accountants are required to adhere to the GAAP.
What is a financial account?A financial account, specifically one that contains financial asset claims or liabilities to nonresidents, is a part of a country's balance of payments in macroeconomics. Direct investment, portfolio investment, and reserve assets broken down by sector are all parts of financial account. Liabilities incurred by nonresidents against resident financial assets are reflected in the country's balance of payments as assets rather than liabilities, and vice versa. In contrast to the capital account, which tracks transfers of capital assets, the financial account does not. Capital account transactions have little bearing on a nation's level of production, rate of savings, or overall income. The country's current trade balance is reflected in the current account, which also accounts for direct payments, net income, and import and export of commodities and services.
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a video game company just released a new video game that it feels will appeal mostly to boys who are 12 to 14 years old. the group of people that play video games is the company's but the company will focus its advertising on 12-14-year-old boys which is the company's . multiple choice question.
The company will focus on boys who are 12-14 years old which is the company's target market or target audience.
A target market is a group of people that have been linked as the most likely implicit guests for a product because of their participated characteristics similar as age, income, and life. relating the target request is a crucial part of the decision- making process when a company designs, packages, and advertises its product. Part of the success of dealing a good or service is knowing to whom it'll appeal and who'll eventually buy it. Its stoner base can grow over time through fresh marketing, advertising, and word of mouth. A target audience is a group of people linked as being likely guests of a business. The stylish way to find your target followership is by first thinking about the specific needs your product or service fulfills. It's important to identify the pain point, and also determine who has those pain points.
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each store offers a music box at a (non-discounted) price of $75 and a faux ming vase for $60.00, as summarized in the following table.
The original price of the music box is $75, and the original price of the faux Ming vase is $60.
With Annie's Attic's promotion of $15.00 off, the promotional price of the music box is $60 and the promotional price of the faux Ming vase is $45. With Betty's Breakables promotion of 40% off, the promotional price of the music box is $54.
However, and the promotional price of the faux Ming vase is $45. So, if your friend wants to buy a crystal candlestick, you should advise them in order to go to Betty's Breakables if the price is above $37.50. Thus, the original price of the music box is $75.
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which of the following illustrates the concept of external costs group of answer choices smoking harms the health of the smoker increase in the price of sugar raises the price paid by consumers of soda, thereby disadvantaging these consumers a hurricane destroys a production plant causing the owner of the plant to spend more money rebuilding. g
The third choice, "a hurricane destroys a production plant causing the owner of the plant to spend more money rebuilding," illustrates the concept of external costs.
The first choice, "smoking harms the health of the smoker," does not illustrate the concept of external costs.
External costs refer to the negative effects of an economic activity that are felt by a third party who is not directly involved in the activity. In this case, the negative effects of smoking are only felt by the smoker.
The second choice, "increase in the price of sugar raises the price paid by consumers of soda, thereby disadvantaging these consumers," also does not illustrate the concept of external costs.
This is an example of a market change that affects consumers, but it does not result in negative effects felt by a third party.
The third choice, "a hurricane destroys a production plant causing the owner of the plant to spend more money rebuilding," illustrates the concept of external costs.
The destruction of the plant by the hurricane results in negative effects felt by the owner of the plant, who must spend money to rebuild it. This cost is not borne by the parties responsible for the hurricane and is an example of an external cost.
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When computing the theoretical minimum number of workstations for a product layout, you should always round down to the nearest whole number. T/F?
The answer is False.
When computing the theoretical minimum number of workstations for a product layout, you should not always round down to the nearest whole number. Rounding down could result in an underestimation of the number of workstations needed, which would lead to inefficiency and bottlenecks in production.
The theoretical minimum number of workstations is determined by the product's flow time, the time it takes for a product to move through the production process, and the cycle time, or the time it takes for a workstation to complete one unit of the product. The number of workstations is determined by dividing the flow time by the cycle time.
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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?
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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review the statements below and select the ones that are correct regarding the days' sales in inventory ratio. (check all that apply.) multiple select question. the ratio is useful in evaluating how quickly inventory is being sold. the ratio reveals how much inventory is available in terms of the number of days' sales. the ratio measures what percentage of profit the company is making for every dollar of inventory it sells. the ratio is often viewed as a measure of the buffer against out-of-stock inventory. the ratio estimates how many days it will take to convert inventory into accounts receivable or cash.
The statements below and select the ones that are correct regarding the days' sales in inventory ratio are
-This ratio helps you assess the liquidity of your inventory.
・The ratio shows how much inventory is available in relation to the number of days sold.
-Ratio is often seen as a buffer measure for out-of-stock.
-Ratio estimates the number of days it takes to convert inventory into accounts receivable or cash.
Inventory ratio is the cost of goods sold compared to the average inventory level. The calculation involves dividing the cost of goods sold by the company's average inventory for the year.
Manufacturing inventory ratios typically range from 1 to 2 at the national level, but according to the Census Bureau, from 2000 to 2010, all manufacturing inventory ratios ranged from 1.21 to 1.39.
The turnover rate for the durable goods sector ranged from 1.40 to 1.82, while the turnover rate for the consumer durables sector was lower at 0.91 to 1.14.
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Which of the following is not one of management's assertions?A. Valuation and AllocationB. Presentation and DisclosureC. Discussion and AnalysisD. Completeness
Three distinct methods—the income method, the production (value added) method, and the expenditure method—are used to measure national income.
National income is defined as the total economic worth of all services and goods produced by a state over the course of a given period of time. In other words, it represents the total aspect earnings made over the course of a production year. The level of national income reflects the country's financial activities. Why is the importance of national earnings? The National Income is based on a nation's ability to generate money. The government can analyze the financial boom in the United States by assessing national income, and as a result, take steps for future improvement and establish financial policy.
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