The following statement is False. When workers in the union elect their officers to represent them, it is an example of the division of labor.
The division of labor refers to the the people who are focusing in a specific part of production process. Adam Smith in 1776 wrote a book name An inquiry into the wealth of nation. which is later known as A wealth of nations. He used pin factory as an example. He noted how there are many complex stages to the process. The division of labor is the process in which each and every part of production is split down into sectors in which an employee undertakes a specific task.
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A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. What is the opportunity cost of her typing the legal brief?.
A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. The opportunity cost of her typing the legal brief is $300, since that is the amount she could have made by arguing a case in a court.
What do you understand by opportunity cost?
Opportunity costs reflects the potential benefits that an individual, investor, or business might miss out on when choosing one alternative over another.
Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.
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A lead generation website received 1,000 visitors, gained 80 leads, and booked jobs with 20 of those leads. What is the conversion rate and what is the close rate?.
The conversion rate is 8% and the closing rate is 25%.
Conversion rate can be defined as one of the most common metrics used by marketers, salespeople, and business professionals. It is often discussed and taken on the surface as an important metric or key performance indicator for most businesses.
Closing ratio or also known as close rate, can be described as a measure that shows how efficiently a sales professional or a sales team performs. Closing ratio or also known as close rate tracks how many sales have been closed compared to the number of proposals given. In other words, closing ratio or also known as close rate tracks how many leads out of all prospects made a purchase.
The formula for calculating the conversion rate is quite simple:
Conversions / Visits* = Conversion Rate
Conversion rate = [tex]\frac{80}{1000}. 100[/tex]% = 8%
Close rate = Closed deals/ total sales leads
Close rate = [tex]\frac{20}{80}.100[/tex]% = 25%
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Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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A ______ driven project portfolio system can reduce or eliminate the impact of problems in project implementation. priority financially consensus
Problems with project implementation can be mitigated or completely avoided with a priority-driven project portfolio system.
What is priority-driven?
Priority-driven scheduling algorithms are a broad category of scheduling algorithms that never purposefully leave any resource idle. To put it another way, a resource only becomes idle when there are no active jobs that use it.An online scheduler is one that is prioritized. It does not compute a task schedule in advance. Instead, it gives jobs priorities after they are published and arranges the jobs in a ready job queue according to their priorities.Either a dynamic or static multiprocessor priority-driven system exists. In a static system, every task is divide into smaller systems. Every subsystem has a designated processor, and each processor's activities are scheduled (by themselves). In contrast, a dynamic system places all of the jobs that are prepared for execution in a single priority queue and sent to available processors for execution as soon as they become available. The worst-case scenario Priority-driven algorithms' performance sometimes falls far short of expectations.To learn more about priority-driven visit:https://brainly.com/question/19721841
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Mario has gross biweekly earnings of $784.21. by claiming 1 more withholding allowance, mario would have $13 more in his take home pay. how many withholding allowances does mario currently claim? a. 3 b. 4 c. 5 d. 6 please select the best answer from the choices provided a b c d
Mario has gross biweekly earnings of $784.21. by claiming 1 more withholding allowance, mario would have $13 more in his take home pay. how many withholding allowances does mario currently claim 4.
Net pay is the amount you get after taxes and therefore the deductions that are withheld during your pay period. By placing a “0” on line 4, you're indicating that you simply want the foremost amount of tax taken out of your pay each pay period.
If you would like to assert 1 for yourself instead, then less tax is taken out of your pay each home pay period. Federal revenue enhancement withholding was calculated by: Multiplying taxable gross wages by the amount of pay periods p.a. to compute your annual wage.
Subtracting the worth of allowances allowed (for 2017, this is $4,050 multiplied by withholding allowances pay claimed). For hourly employees, gross wages are often calculated by multiplying the amount of hours worked by the employee's hourly wage.
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Martin electronics has an accounts receivable turnover equal to 16 times. if accounts receivable are equal to $80,000, what is the value for average daily credit sales?
The value for average daily credit sales $3287.67.
Credit sales are bills that are not made till numerous days or perhaps weeks after a product has been added. quick-term credit score arrangements appear on a company's balance sheet as bills receivable and vary from bills made at once in coins.
Credit sales score journal access refers back to the magazine entry recorded through the business enterprise in its income magazine whilst the business enterprise makes any sale of the inventory to a 3rd birthday party on credit score. In this situation, the debtor's account or account receivable account is debited with the corresponding credit to the sales account.
Receivables turnover = (Net Credit Sales/Average Accounts Receivable)
15 = x/80,000
x = 80000*15 = 1,200,000
Average daily credit sale = (1,200,000/ 365) = 3287.671233
Average credit sales is $3287.67
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Having a large prestigious, well-known brand is an example of a(n) ______ for an organization. multiple choice question. weakness strength threat opportunity
Having a large prestigious, well-known brand is an example of a Strength for an organization.
Brand Strength: A company's value is its brand strength. A brand can maintain its standing if it can create a favorable price perception, share the same values as its customers, and provide the highest level of quality. This phrase frequently pertains to brand equity.
Example of a Strong Brand: Apple
Having a large prestigious, well-known brand is an example of a Strength for an organization.
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If the exchange rate in moscow on the russian ruble (rub) was , instead of , what would be the usd price?
If the exchange rate in Moscow on the Russian ruble was USD 0.0452/RUB then the USD price would be the cost in local currency i.e. RUB 2,451.24 times the exchange rate is USD 110.80.
What is USD Price:
The USD, or the U.S. Dollar, has been the primary reserve and most traded currency in the forex market. The U.S. dollar is also famously known as a buck, green, dough, scrillas etc. It is the official currency of the U.S. (United States of America). Currency value is determined by aggregate supply and demand. Supply and demand are influenced by a number of factors, including interest rates, inflation, capital flow, and money supply. The most common method to value currency is through exchange.
What is Exchange Rate:
Exchange rate, the price of a country's money in relation to another country's money. An exchange rate is “fixed” when countries use gold or another agreed-upon standard, and each currency is worth a specific measure of the metal or other standard.
Exchange Rate = Money in After Exchange / Money Before Exchange
Now,
2,451.24 x 0.0452 = USD 110.80 .
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Samira is thinking about going to the concert tonight. a ticket costs $14 and she will have to cancel her babysitting job that pays $60. the cost of attending the concert is_________
Samira is going to a concert today. Her ticket costs $14 and she has to quit her babysitter job for $60. The cost of the concert is $74.
A concert is a live music performance in front of an audience. Performance may be performed by a single musician, called a recital, or by a musical ensemble, such as an orchestra, choir, or band. For a good concert, the combination of enthralling production, a fun atmosphere, and quality performance can imprint an unforgettable memory onto the many music fans who attend.
Concerts are an outlet for significant artists to connect directly to their fans, while festivals are several-day-long events where many artists perform. A show may be anything from playing guitar at a bar to performing in front of a hundred thousand people packed in a stadium. Persons acting in concert comprise persons who, pursuant to an agreement or understanding (whether formal or informal), co-operate to obtain or consolidate control of a company or to frustrate the successful outcome of an offer for a company.
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Nieto machine shop budgeted 3,800 labor hours and 7,600 machine hours used in may. total budgeted overhead for may is $98,800. what is the overhead rate using labor hours and also using machine hours?
Overhead rate using labor hour and machine hours is 98800.
Given,
Labor hour = $6
Machine hour = $10
Overhead rate, 3800 x 6 + 7600 x 10 = 98800
What is overhead rate?Costs for production of a good or service are known as overhead rates. Expenses like the price of the corporate office are examples of overhead costs because they are not directly related to production.
The overhead rate is calculated by multiplying the indirect costs by the direct costs by 100. If your overhead rate is 20%, that means your company spends 20% of its revenue on the creation of goods or the rendering of services. A lower overhead rate indicates greater productivity and earnings.
One type of overhead is the expenses related to maintaining the manufacturing or office space that businesses need in order to operate. This covers utilities like water, gas, electricity, internet, and phone service in addition to rent.
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Daily enterprises is purchasing a million machine. It will cost to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. If daily uses straight-line depreciation, what are the depreciation expenses associated with this machine?.
The machine's annual depreciation costs are calculated by dividing the machine's purchase price by its installation cost over a 5-year period is $2,151,200.
The depreciated cost of a fixed asset is its value less the total accumulated depreciation that has been recorded against it. The total amount of capital that is "used up" in a certain time frame, such as a fiscal year, is referred to as the depreciated cost in a broader economic sense.
Installation Costs are all expenses that the developer actually incurred and paid to third parties for services rendered in connection with the Installation Work, as shown by invoices, receipts, contracts, and any other documentation of payment and completion of the work that the city may reasonably request.
Depreciation costs equal (10,700,000 + 56,000) / Number of Years divided by five, = $2,151,200.
Daily Enterprises is purchasing a $10.7 million machine. It will cost $56,000 to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. If Daily uses straight-line depreciation, what are the depreciation expenses associated with this machine?
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What are some aspects of business that require knowledge of taxation? what are some aspects of personal finance that require knowledge of taxation?
Knowledge of taxation is crucial for every company owner since taxes are essentially a cash outflow. Knowing which costs are taxable and which are tax exempt is essential for sound financial management. It's a boon to the company's bottom line and helps cut expenses. A person who takes the time to learn about taxes will be more informed about the tax breaks he or she may take advantage of in their enterprise. As a result, learning about taxes is a must for everyone interested in corporate financing.
The government will demand taxes on a number of your company's operations. Your tax burden is the total amount of money that you owe to all levels of government in terms of income taxes. The government will utilize the funds raised via taxation for administrative costs and social welfare initiatives.
In this context, "business taxation" refers to the many forms of governmental taxation corporations and other business entities are obligated to pay as a necessary cost of doing business. No matter what business structure you operate under—sole proprietorship, partnership, limited liability company, or corporation—you must follow all applicable tax laws. The tax ramifications that arise from running various businesses are varied. Consider the tax and non-tax implications of several entity choices to determine which is best for your business's long-term success and ease of transfer to future generations.
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Allocating and recording the cost of using property, plant & equipment over its useful life under ifrs is called?
Allocating and recording the cost of using property, plant & equipment over its useful life under IFRS is called depreciation.
Belongings is any object that someone or a business has criminal name over. belongings may be tangible objects, along with houses, automobiles, or appliances, or it can confer with intangible items that convey the promise of destiny worth, along with stock and bond certificate.
Corporeal property is seen and tangible, whereas incorporeal property is not. moreover, corporeal assets is the proper of ownership in material matters, whereas incorporeal assets is an incorporeal proper.
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What is the ebusiness tool that can increase marketing reach and build customer loyalty through audio broadcasting?
Podcasting is an E-business tool that can increase marketing reach and build customer loyalty through audio broadcasting.
Podcasting is the preparation and distribution of audio files using RSS feeds to the computers of registered users. These files can then be uploaded to streaming services, which users can listen to on their smartphones or on digital media and music players, such as iPods.
This is when the podcast promotes sponsors during the show. You can hear your favorite shows connect with their advertisers over and over during each episode. The amount you earn from sponsors depends on the number of downloads your episodes earn.
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Aying a utility bill when received would _______.
a. increase expenses
b. increase owners' equity
c. decrease revenues
d. increase liabilities
When receiving a utility bill, playing it would result in increase expenses.
When receiving a utility bill, playing it would result in increase expenses.
Some of a company's increase expenses will rise when sales or increase expenses, while other expenses won't alter. A company's cost of goods sold will rise as well as its commissions costs, for instance, if it sells a few more things for which it pays a sales commission. However, even with the sale of a few more products, the salaries of the salaried staff and the rent paid by the business would not rise one penny.
Knowing how increase expenses, such as whether they will rise as sales do or whether they will remain at the same level, can help a business enhance its increase expenses. The objective is to raise sales or revenues by a quantity greater than the quantity by which expenses increase.
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When+an+organization+states+it+wants+to+increase+output+by+10%,+they+have+stated+a(n):______.
When a company declares that its operational goal is to raise output by 10%, they have made a clear statement of their intent.
When a company declares that its operational goal is to raise output by 10%, they have made a clear statement of their intent.
Operational Goals are the objectives established by the Committee at the start of a Performance Period and completed by the Participants during the course of that Performance Period. Operational Goals will be stated in terms of operational goals and/or criteria, which may or may not be earnings measures, that, in the Committee's opinion after consulting with the Corporation's Chief Executive Officer, will increase the Corporation's success both during and after a specific Performance Period.
Operational Goals refers to the clear, concise, and objective operational goals listed above that must include the more detailed justifications of each Operational Goal in the Company's books and records as if such description were set forth at length.
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Substitute goods have cross-price elasticity that is?
The cross elasticity of demand for substitute goods is always positive.
What is meant by cross-price elasticity?
The cross-price elasticity of demand refers to the percentage change in the quantity demanded of a given product due to the percentage change in the price of another "related" product.
Cross Price Elasticity of Demand measures the relationship between two products and how the price change of one affects the demand of the other.
These can be categorized into three types; substitute goods, complementary goods, and unrelated goods.
Cross Price Elasticity of Demand can be calculated by dividing the change in demand of X by the change in the price of Y.
Cross Price Elasticity of Demand (XED) assesses how two products are related to one another when the price of one changes.
How will the 20% increase in a Hershey's chocolate bar affect the demand for Snickers?
In other words, it determines how the change in the price of one product influences the demand for another.
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If the npv of project a is $120, that of project b is -$40, and that of project c is $40, what is the npv of the combined project?
If the NPV of project A is + $120, that of project B is -$40, and that of project C is + $40, The NPV of the combined project is +$120
What is Net Present Value (NPV)?
Net present value is described as the difference between both the present value of cash inflows and the present value of cash withdrawals over time (NPV). The net present value (NPV) is a capital budgeting and investment planning calculation used to estimate the sustainability of a planned investment or project.The net present value (NPV) is the outcome of computations performed to determine the current value of a future stream of payments.
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Question in 2017, the ceo of netflix hired you as a strategic consultant to investigate music sales. what would you include as part of your vrio analysis for netflix?
In 2017, the CEO of Netflix hired you as a strategic consultant to investigate music sales. I would include the following as a part of the VRIO analysis for Netflix. Since the brand is well-known, it may be used to capture a share of the streaming music industry.
The VRIO framework is a technique for analyzing a company's internal resources and skills to determine whether they may be a source of sustained competitive advantage.
VRIO is an abbreviation for value, rarity, imitation, and organization.
The framework's first question is whether a resource offers value by allowing a corporation to capitalize on opportunities or defend against risks. If the answer is yes, the resource is valuable.Rare resources can only be obtained by a single or a few firms. Rare and precious resources give a competitive advantage in the near term. Competitive parity, on the other hand, happens when numerous firms have the same resource or use the capability in the same way.If other organizations that do not have it cannot imitate, buy, or substitute it at a fair price, it is costly to imitate. Imitation can take two forms: directly mimicking (duplicating) the resource or delivering a comparable product/service (substituting).If a corporation is not organized to capture the value from its resources, it will not benefit from them. A corporation must establish its management systems, processes, policies, organizational structure, and culture to fully use the potential of its valuable, uncommon, and costly to imitate resources and capabilities. Only then will the corporations be able to maintain their competitive advantage.Hence, the answer is to capture a share of the streaming music industry using the brand name.
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Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue?.
The term "sinking fund provision" refers to a call clause that prohibits the issuer from calling all or a portion of the bond issue for a number of years in the initial years of the bond issuance.
A clause mandating the issuer to set aside funds to repay bondholders at maturity. A fund or account is sinking fund provision established in bonds that have this clause, and the issuer makes regular contributions into it in order to repay the bond when it matures.
A requirement that the borrower retire a specific part of the debt each year is seen in several bond indentures. If interest rates have dropped, the bonds may be called from the investors or purchased on the open market to sinking fund provision effect the retirement (if interest rates have increased). Due to the increased liquidity created by this orderly retirement, bondholders may benefit; yet, they may also be forced to surrender high-yielding bonds at the call price, which is frequently par at a period of low interest rates. known as a bond sinking fund. Contrast the doubling option. See also sinking fund funnel.
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Performance appraisals are a high-performance work practice at netflix as employees receive raises that are tied to?
Performance appraisals are a high-performance work practice at Netflix as employees receive raises that are tied to hiring practices.
A performance appraisal also referred to as a performance assessment, performance evaluation, (career) improvement dialogue, or employee appraisal, sometimes shortened to "PA", is a periodic and systematic system wherein the process overall performance of a worker is documented and evaluated. performance value determinations are a part of career improvement and encompass everyday reviews of employee performance within businesses.
Overall performance appraisals are most often conducted by means of an employee's immediate manager or line supervisor. whilst drastically practiced, annual overall performance critiques have additionally been criticized as offering feedback too every now and then to be useful, and a few critics argue that performance opinions in well-known do greater harm than true.
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When multiple performance obligations exists in a contract, they should be accounted for as a single contract performance obligation when:________
When multiple performance obligations exists in an exceedingly contract, they ought to be accounted for as one contract performance obligation when each service is interdependent and interrelated.
An interdependent and interrelated service means the service can not be separated, one can't be said to own been concluded without concluding the opposite, invariably they'll be accounted for as one performance obligation. The merchandise can not be distinct for a definite product means the performance may be separated and it must be determinable for this an obligatory attribute of a contract. A definite performance obligation means it is not a multiple performance obligation.
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A good that a producer can prevent a consumer from using by charging a price is __________.
A good that a producer can prevent a consumer from using by charging a price is a public good that is non-rivalrous. Thus, option C is correct.
Who is a producer?A producer can be defined as the person who produces on manufactures a good or a product, it can be a rock product or a semifinished or a finished product. These are basically the manufacturer of a commodity
A good that the producer is being produced is a public good that will be considered non-rivalrous which means that the good can be consumed and posses by multiple users and that are not being made of subjected to a particular party or subjected group of people. Therefore, option C is the correct option.
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The question is incomplete, the complete question will be:
a private good that is non-rivalrous
a public good that is excludable
a public good that is non-rivalrous
a private good that is excludable
Earnings per share (eps) data are prominent in corporate annual reports, but eps suffers as a financial performance measure because eps ignores the amount of?
Earnings per share (eps) data are prominent in corporate annual reports, but eps suffers as a financial performance measure because eps ignores the number of Liabilities that are not considered for determining EPS.
Stocks represent ownership of a company. When an individual buys shares in your company, they become one of the owners. Shareholders choose who runs a business and participate in making important decisions, such as whether or not to sell a business.
Shares as a way to gain exposure to global economic growth and health, as well as personal business. Your decision to invest in stocks or trade at their prices will depend on your long-term or short-term interest rates.
Liabilities required to generate retained earnings
EPS is calculated as follows
EPS= (Net revenue- expenses)/No. Of shares
So, revenue, expenses, and capital are all considered in determining EPS. Hence, options A, C, and D are incorrect.
Liabilities are not considered for determining EPS.
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The hard sell or aggressive persuasion designed to separate consumers from their cash emerged during the.
The advertising or aggressive persuasion designed to separate consumers from their cash rise during the -----production era
What is the production era of business?
Mass Production Era (1860s-1920s): The production era rise during the Industrial Revolution. Products were produced in large quantity and at a coffee cost. Typically businesses only manufacture one product at a time. Also during this era, businesses had the mindset of, “if produced, someone will buy” and thus gain profitability.
What are the 5 eras of business?
The history of yank business can be differentiated into five distinct eras: the Industrial Revolution, the Entrepreneurship Era, the assembly Era, the Marketing Era, and the Relationship Era.
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A verb associating two nouns in a business rule translates to a(n) ____ in the data model.
A verb associating two nouns in a business rule translates to a(n) entity in the data model.
A business rule is a short, unique, and unambigous description of a policy, manner, or precept inside a particular enterprise's environment. properly written business regulations are used to outline entities, attributes, relationships, and constraints.
Business policies permit the author to increase courting participation guidelines and constraints and to create a accurate information version. in addition they allow the creators to apprehend business procedures, and the nature, position and scope of the facts.
You translate business regulations into statistics version additives via following the basic ideas: a noun in an enterprise rule will translate into an entity inside the model and a verb (lively or passive) associating nouns will translate right into a courting many of the entities.
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The firm has only $20 million to invest. what is the maximum npv that the company can obtain?
The firm has only $20 million to invest. What is the maximum NPV that the company can obtain?
A. 3.5
B. 4.0
C. 4.5
D. 5.0
E. 5.5
C. 4.5
NPV is the present value of the anticipated cash flows. the amount of money invested today
In contrast to other capital budgeting analysis methods, the NPV formula utilizes the time value of money; it discounts cash flow and examines profitability depending on the timing of when cash flow occurs. The discount rate used in the NPV method also accounts for the particular cost of capital for the company.
The NPV calculation inherently incorporates long-term exposure to risk because it discounts cash flow. Since these cash flows frequently have the greatest degree of uncertainty, the most distant estimates in the future are discounted most heavily.
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__ is the accounting function that involves observing business transactions and events
The accounting task of keeping records of corporate transactions and events is called bookkeeping.
The process of bookkeeping, which is the recording of financial transactions, is a step in the accounting process used in businesses and other organizations.
It entails setting up source documents for every business transaction, operation, and other event. Purchases, sales, receipts, and payments made by an organization or company as well as by an individual are all considered transactions. The single-entry and double-entry bookkeeping systems are two of the common ways of keeping books. Any procedure for documenting financial transactions is a bookkeeping procedure, even though these may be considered to be "genuine" bookkeeping.
The term "bookkeeper" typically refers to a person engaged by an organization to carry out bookkeeping duties (or book-keeper).
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Which principle has the strongest application in the valuation of income producing properties?
The anticipation principle has the strongest application in the valuation of income-producing properties.
The anticipation principle is a way utilized by an appraiser in which the appraiser makes use of the earnings technique to decide the cost of a property. The appraiser will estimate the prevailing really well worth of destiny advantages for the property.
The anticipation principle says that cost is created via way of means of the expectancy that sure advantages might be found out withinside the destiny. Value can boom or lower in anticipation of a few destiny gains or detriments affecting the property.An anticipation pose or drawing is training for the principle motion of a lively scene, as awesome from the motion and the reaction.
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Some services provided by cpas, like tax and bookkeeping, do not enhance information for users. these are known as ______ services.
These are known as non-assurance services.
What are non-assurance services?Non-assurance services don't demand that the practitioner state or draw a conclusion on the degree of assurance, whether a negative or positive assurance, regarding the results of the activity. In non-assurance services, the provider does not convey to the target audience any assurance regarding the level of trust to put in any assertion. The practitioner must demonstrate a higher level of independence when providing assurance services, though. Accounting, bookkeeping, and management advice are just a few of the non-assurance services that an auditor may offer to a company.The Code uses the phrase "non-assurance services" to describe engagements that don't fit the definition of an assurance engagement.To learn more about non-assurance services, refer to:
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