Project plan, budget plan, and resource allocation are the three documents that are generally finished and approved before a project starts.
It generally requires that the documents containing the project plan, budget plan, and resource allocation details are finished and approved before a team begins a project. These documents provide the baseline to successfully complete the project according to its defined plan, budget, and allocated resources.
The project plan document provides a proper plan to ensure the successful completion of a project. The document gives clarity on the responsibilities of team members; defines the scope of the project; lists the processes and procedures involved; identifies the expected outcomes.
The budget plan document contains detailed information about the expenditures and expected revenues associated with the project. This document helps to estimate and track the expenses of the project.
The resource allocation document provides details about equipment/tools, manpower, office space, the time required, and the other facilities needed for accomplishing the various tasks of the project. This document is essential for ensuring teams have adequate access to the resources needed to finish the project effectively.
The complete question is given below:
" Which documents are generally finished and approved before a project begins?
Project PlanProject BudgetResource allocationClosure document "You can learn more about project documentation at
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A bond pays $1000/year for 5 years. the price of the bond is $4,500. should you buy the bond? if not, what is the maximum price you would pay? what went into your decision?
The maximum price to be paid for the bond at a 5% required rate of return is $4,329.48.
Let us have a required rate of return of 5%.
The decision to buy the bond will be based on present value of cash inflows:
present value of cash inflows = A* [1-(1+r)^(-n)]/r
here
A = $1000 per month
r=5%=>0.05
n=5 years.
$1000*[1-(1.05)^(-5)]/0.05
=>$1000*4.329476.
=>$4,329.48.
Since the present value of cash inflows is lower than the price of the bond , we need not purchase the bond.
The maximum price to be paid for the bond at 5% required rate of return is $4,329.48.
Our decision is based on the required rate of return of 5%, the higher the required return the lower will be the amount to be paid for the bond.
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What is the main difference between a market demand curve and a market demand schedule?.
A demand schedule is a desk that suggests the quantity demanded at every charge. A call for curve is a graph that shows the quantity demanded at each charge. Every so often the call for curve is likewise called a call for agenda because it is a graphical illustration of the call for scheduls.
A demand schedule is a listing that indicates the quantity demanded in any respect viable fees that might prevail in the market at a given time, whereas a call for curve is a graph that shows the quantity demanded at every and every viable charge that would succeed in the marketplace at a given time.
The individual demand curve shows the small quantity of call for for a commodity however the market call for curve shows a large volume of quantity call for made by way of the complete client within the market.
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The cost to produce x units of wire is c=40x 400, while the revenue is r=50x. find the interval of units of production where wire production will at least break even.
The firm will breakeven when 40 units of the good is produced.
Cost is given as C = 40x + 400
Revenue is given as: R = 50x
In this case, the point of breakeven will be:
Cost = Revenue
40x + 400 = 50x
Collect like terms
50x - 40x = 400
10x = 400
Divide both side by 20
10x/10 = 400/10
x = 40
There will be breakeven at 40 units
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Adversity has the effect of eliciting talents which in prosperous circumstances would have lain dormant. True or false?.
Quintus Horatius Flaccus also known as Horace, a Roman lyric poet, once said "Adversity has the effect of eliciting talents which in prosperous circumstances would have lain dormant". Thus, the answer is TRUE.
What Horace meant by this statement was that if a person has the courage and determination to overcome challenges or seemingly impossible tasks, his true strengths might very well emerge.
A person's actual strengths will surface if they have the desire and bravery to tackle obstacles or tasks that seem insurmountable and this is known as the "adversity effect" principle, famously quoted by Horace.
This is a belief that the ability to disprove others' claims and validate your own is facilitated by self-confidence and the conviction that everything is possible.
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Account balances in the general ledger are updated for transactions through the process of:__________
a) balancing.
b) analyzing.
c) posting.
d) journalizing.
Account balances in the general ledger are updated for transactions through the process of posting.
A transaction is a commercial enterprise event that has a financial impact on an entity's economic statements and is recorded as access in its accounting records. Examples of transactions are as follows: Paying a provider for services rendered or items introduced.
An Accounting Transaction is an enterprise hobby or transaction that has a financial effect on a company's financial statements. For instance, Apple representing nearly $2 hundred billion in cash & cash equivalents in its balance sheet is an accounting transaction.
An accounting transaction is a method of recording financial data that has an impact on the monetary statements of the enterprise. It's by far the best method used by the business to record each transaction of each day event which would assist in measuring the value of the companies.
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The form of business ownership that most effectively limits the risk of ownership is a:_________
The form of business ownership that most effectively limits the risk of ownership is LLCs and corporations.
What is the definition of business ownership?A person who creates and manages a company engaged in commercial, industrial, or professional activities with the intention of profiting from its successful operations is referred to as a "business ownership."Making a living or earning money via the production of goods or the purchase and sale of goods is known as business.Additionally, it includes "any activity or operation undertaken for profit."The most popular types of business ownership include corporations, which can be taxed as either C corporations or S corporations, limited liability partnerships, limited liability companies, series LLCs, and sole proprietorships.To know more about business ownership, refer to:
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Jerry recently paid $20 in tolls for the florida turnpike. The $20 payment is considered a tax. True or false?.
The given statement is false.
Jerry’s paid amount is not considered as tax, because amount paid to the toll refers to amount which are paid for public or private authority on crossing the highway or bridge, so amount paid to toll, not cosidered as tax.
Jerry paid amount to the Florida turnpike is considered as particular individual's user fees not tax.
Generally tax is a fee or mandatory amount given by the citizens to the government or the individual who collect revenue for building the facilities and services. Whereas toll charges or toll tax refers to the revenue collected by the government when we cross any bridge, tunnel or highway as they are providing the best facilities for humans.
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A ________________ style coach believes that young people need opportunities to make decisions and learn the decision making process.
A cooperative style of coaching believes that young people need opportunities to make decisions and learn the decision-making process.
In the cooperative style of coaching, coaches make sharing the decision-making with athletes. This is one of the adaptable as well as pliable styles that tends to put the coach in the facilitator role, conductor as well as choreographer. This style has the ability to empower athletes to be the best in positions that they can be.
The key role of this type of coaching is to identify a style that will be transferring best the information from the coach to the player. The thing is one must have the flexibility to adapt to the positions of athletes after a certain point in their developmental stage since it is very difficult to change them.
A cooperative style of coaching is focused on the flexibility as well as the empowerment of players which is to be a part of the process of decision-making while being more adaptive to each style of athlete. In general, young people need opportunities to make decisions and learn the decision-making process as believed by the cooperative style of coaching.
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What is the minimum change in dollar sales needed to break even for the increase in the r&d expenses?
The Minimum change in dollar sales Rounds to the nearest cent.
What Do R&D (Research and Development) Costs Entail?Expenses for research and development (R&D) are related to the creation of any intellectual property as well as the research and development of a company's products or services. R&D costs are typically incurred by a business when it is looking for and developing new goods or services.A business may deduct R&D costs from its operating expenses on its tax return.Direct costs associated with a company's efforts to create, design, and improve its goods, services, technologies, or procedures are known as research and development (R&D) expenses.R&D costs are typically highest in the industrial, technological, healthcare, and pharmaceutical sectors.R&D expenses are eligible for tax breaks from the IRS and can be written off on corporate tax returns.
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Siegfried basset is 65 years of age and has a life expectancy of 14 more years. He wishes to invest $20,500 in an annuity that will make a level payment at the end of each year until his death. If the interest rate is 8. 5%, what income can mr. Basset expect to receive each year?
$2,653.90 is the income can Mr. Basset expect to receive each year if the interest rate is 8. 5%,
The amount of interest payable each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principle amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are often annualized.
An index of the preference for a dollar of present [income] over a dollar of future [income] has been used to describe the interest rate. Attached is the solution for solving the income can Mr. Basset expect to receive each year if the interest rate is 8. 5%,
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What is the future value of $540 to be deposited today into an account paying 8.0ompounded semi-annually for two years?
The value of $540 deposited today into an account receiving 8% interest semi-annually for two years is $15033.6
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organization makes in exchange for extending credit. The amount of ownership a stockholder has in a corporation, typically represented as a percentage, is another term for interest. Interest is frequently linked to credit cards, mortgages, auto loans, personal loans, savings accounts, or fines. The macroeconomic policies set by the Federal Reserve's Federal funds rate heavily influence interest rates.
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Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. What is one of the benefits of using a trading company?.
Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. One of the benefits of using a trading company is that it facilitates all marketing aspects of a transaction.
Trading companies and manufacturer companies have different functions and focus areas in the field of business. A manufacturer company focuses on the manufacture of a product and its selling in the local market. On the other hand, a trading company focuses on buying products from manufacturers and selling them in other countries.
A manufacturing company, like the one in which Stephanie works, is not very well familiar with the marketing aspects that would be required to promote and sell its products in the international market. Such companies use trading companies for international marketing as trading companies look after all the marketing aspects in the international market and can benefit the manufacturer.
Although a part of your question is missing, you might be referring to this question:
Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. What is one of the benefits of using a trading company?
It negotiates with the government to get the best deals.
It handles all manufacturing services
It facilitates all marketing aspects of a transaction
It develops advertising campaigns for the advertising firm.
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The yields on municipal bonds are lower than other securities with similar ratings and terms for two reasons?
Because these bonds are issued by governmental bodies that have the authority to tax their constituents, Munis could also offer lower yields. These governments, however, are riskier than those that issue federal government bonds since they are unable to manufacture money or issue Treasuries like the federal government.
The United States is made up of 50 states, five large self-governing territories, many island holdings, and a city inside a federal territory (the city of Washington in the District of Columbia). The common government of the United States, a federal republic in North America, is often referred to as the United States federal government or the United States government. Legislative, executive, and judicial branches of the federal government make up what is commonly referred to simply as Washington. The president, the Congress, and the federal courts are each in charge of these branches, according to the U.S. Constitution. The tasks and responsibilities of these branches are further defined by acts of Congress.
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When investors received their statements, what responsibility did they have to review and understand them? what signs could they have picked up on to alert them to potential problems?
They have picked up on to alert them to potential problems
The early signs of dementia are very subtle and vague and may not be immediately obvious.
What responsibilities do investors have to review?Your Investor Responsibilities. Similar to buying a home or a car, investing your money is a significant decision. Before you make any equity investment, do your homework, and talk to your advisor about the potential risks, costs, rewards, and repercussions.To ensure payment for securities purchases by the settlement date, have cash on hand or available margin-buying power in your investment account, or transfer funds into that account.Always send payments directly to your investment company or the product sponsor if you're paying for an investment with a check or a money transfer. Make sure that none of your checks are payable to or negotiated by your advisor.Read your monthly account statements, confirmations, and any other information you get about your investment transactions very carefully, and keep it all.Any transaction or entry that you do not understand or did not authorize, as well as any discrepancy you notice between the statements and any other information you receive, should be immediately questioned. Consult the firm's management if you are dissatisfied with your advisor's response.To learn more about investors, refer
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As a student of economics, when you speak of scarcity, you are referring to the ability of society to:__________
As a student of economics, when you speak of scarcity, you are referring to the ability of society to: satisfy economic wants given limited resources.
In economics, scarcity refers to sources that a limited in quantity. There are three causes of scarcity – demand-triggered, deliver-triggered, and structural. There are also styles of shortage – relative and absolute.
Scarcity is the basic monetary hassle. It arises from the insufficiency of assets to meet people's wants. The shortage is ubiquitous. rich humans face shortages after they want extra than they should purchase, when they can not be in two locations at once, and when, consequently, they ought to pick among options.
The shortage impact is the cognitive bias that makes people location a better value on an item that is scarce and a lower value on one that is to be had in abundance.
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Of the five types of risk associated with purchase decisions, which one involves the perceived danger inherent in a poorly performing product or service?.
Of the five types of risk associated with purchase decisions, Performance involves the perceived danger inherent in a poorly performing product or service.
This term refers to a person's subjective evaluation of his or her risk of an illness or an adverse outcome, often in reference to performing a specific risky behavior. Five varieties of perceived risk emerged from these procedures to subsume the kinds of risk found within the literature and generated by the hypothetical purchasing situation.
It includes aspects like the likelihood, the impact, and therefore the severity of the danger. Perceived risk could be a subjective judgment of a private. It combines factors like emotion, contextual factors, and private experiences. A performance risk is that the potential that a product, service, program or project won't deliver the maximum amount value as needed.
This will apply to internal projects, outsourced projects and purchases of a product or service. Perceived risks can include the fear and or doubt a consumer has that the merchandise they're buying will fail to perform its intended function. the patron may well be afraid that if they buy a car, the engine or other parts may malfunction. Social - this kind of risk pertains to a consumer's rank.
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______ utilitarianism urges managers to take those actions that provide the greatest pleasure after having subtracted the pain or harm associated with the action in question.
Utilitarianism is a theory of morality that urges managers to take those actions that provide the greatest pleasure after having subtracted the pain or harm associated with the action in question.
What is meant by Utilitarianism ?
In the utilitarian theory of morality, activities that promote happiness or pleasure are encouraged, while those that result in sadness or injury are discouraged. An utilitarian philosophy would seek to improve society as a whole when used to guide social, economic, or political decisions.
According to utilitarianism, a course of action is morally correct if it makes the majority of the people in a society or a group of individuals happy.
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Pre-paid phone carriers only use Electronic Serial Numbers to identify their customers.
True
False
Answer: false is the answer
You want to buy a house and will need to borrow $200,000. the interest rate on your loan is 5.23 percent compounded monthly and the loan is for 30 years. what are your monthly mortgage payments?
The required monthly mortgage payment is $1,101.93
How do we determine the monthly mortgage payment?
The mortgage monthly payment which is the amount of repayment the borrowers needs to make to the lender at the end of each month the mortgage lasted can be determined using a financial calculator which needs to be set to its end mode before making necessary inputs since monthly payments occur at the end of each month as shown below based on the 5.23% interest rate compounded monthly:
N=360(number of monthly payments in 30 years=30*12=360)
I/Y=5.23/12(5.23%/12 is the monthly interest rate, but we would ignore the % sign)
PV=-200000(the loan amount)
FV=0(at the end of the 30 years, the outstanding balance on the loan would be nil)
CPT(press compute)
PMT=$1,101.93
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Assume that sweden has a comparative advantage in chocolate and italy has a comparative advantage in wine. Also assume that sweden has an absolute advantage in both chocolate and wine. If these two countries specialize and trade so as to maximize the benefits of specialization and trade, then?.
If the two countries specialize and trade to maximize the benefits of specialization and trade, then Sweden will produce more chocolate even without trade. correct option is (c).
The spread of movement of goods, services, information, technology and employment across national and cultural borders is called globalization. It refers to the interdependence of countries around the world that is facilitated by free trade from an economic point of view.
Similarly, Italy and Sweden may combine to maximize their profits by exchanging their specialties and products, but at the individual level they would also focus on their niche commodity and at the individual level they would maximize their products, therefore even without trade Sweden will produce chocolate as it has advantage in that and Italy would focus on wine production.
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The question is incomplete. Check below the full question.
Assume that sweden has a comparative advantage in chocolate and italy has a comparative advantage in wine. Also assume that sweden has an absolute advantage in both chocolate and wine. If these two countries specialize and trade so as to maximize the benefits of specialization and trade, then?
A. The two countries combined output of both goods will be lower than it would be in the absence of trade.
B. The two countries will consume less than they would in the absence of trade
C. Sweden will produce more chocolate than it would produce in the absence of trade.
D. Italy would produce less wine than it would produce in the absence of trade.
In manufacturing, the core hr practices are more robust than in ________ services
In manufacturing, the core HR practices are more robust than in financial services.
The human resources planning model encompasses three key elements: predicting the quantity of workers your company needs, analyzing manufacturing if the availability of potential employees meets your demand and learning to balance the provision and demand cycles.
There are four general steps within the HRP process: identifying this supply of employees, determining the long run of the workforce, balancing between labor supply and manufacturing demand, and developing plans that support the company's goals. Human capital is the most significant aspect of any business and its human resources department.
Human capital represents the resources a corporation has available for achieving business objectives like productivity, quality and type of products and services offered, manufacturing workplace safety and, most of all, profitability. Employee turnover is another major reason why hiring is so right wing now.
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A firm's ________ describes how a firm will produce a superior return on invested capital.
A firm revenue model describes how a firm will produce a superior
return on invested capital.
What is the revenue model?A revenue model is a framework for generating monetary profit.
It determines which revenue stream to pursue, what value to provide, how to price the value, and who pays for the value.
It is an important part of a company's business model.
It primarily identifies what product or service will be created to generate revenue and how the product or service will be sold.
Without a clear and well-defined revenue model, or a clear plan for generating revenues, new businesses are more likely to struggle due to costs that they will be unable to offset.
A clear revenue model allows a company to focus on a specific audience, fund product or service development plans, establish marketing plans, open a line of credit, and raise capital.
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A business firm seeks blank______ while a(n) blank______ organization may seek other goals like operational efficiency or customer satisfaction. multiple choice question.
A business firm seeks profit while a(n) non-profit organization may seek other goals like operational efficiency or customer satisfaction.
Operational Efficiency: Utilizing time, people, equipment, inventory, and money as effectively as possible to support the business is known as operating efficiently. Effective businesses are leaner, more flexible, and more successful.
Customer Satisfaction: Customer satisfaction is measured in terms of how content customers are with a business's goods, services, and abilities.
A business firm seeks profit while a(n) non-profit organization may seek other goals like operational efficiency or customer satisfaction.
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Assume the economy is initially located on ad0 and as0. an increase in personal income taxes would result in price _____ and real domestic output _____.
Assume the economy is initially located on ad0 and as0. an increase in personal income taxes would result in price at E and real domestic output at B.
Real gross domestic product or the real GDP is an inflation-adjusted measure which will be reflecting the value of all goods and services produced by a particular economy in a given year which is expressing the prices in base years and is often referred to as a constant price, such as "inflation-corrected" or else the "constant dollar" GDP.
Real GDP would make a comparison of GDP from year to year and also from different years as it is more meaningful because it can show the comparison for both the quantity and particular values of goods and services.
It is calculated by dividing nominal GDP over another GDP deflator. The intuition that exists behind the real wealth effect is that when the level of prices decreases, it takes only less money to buy goods and services. The money now you have is worth more and you will be feeling wealthier. So, in response to where there is a decrease in the price level, real GDP will actually increase. So, from the diagram, an increase in personal income taxes would be resulting in a price at E and the real domestic output at B.
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Last year, $3,155.24 was withheld from your pay for federal taxes. When you calculate the amount of federal tax you owe, it comes to $2,791.80. What does this mean?(1 point)
A. You must pay an additional $363.44.
B. You have lost $363.44.
C. The remaining $363.44 will be applied to your state taxes.
D. You will get $363.44 refund from the government.
You will get $363.44 refund from the government.
The fact that your federal taxes paid were more than you calculated means that D.You will get $363.44 refund from the government.
What happens when we overpay taxes?
while someone pays an excessive amount of in taxes, the inner sales provider may be capable of come up with a refund for the quantity that you overpaid.
In this case, that amount would be:
= 3,155.24 - 2,791.80
= $363.44
To get the refund, you would have to fill in your annual tax returns and the Internal Revenue Service would find the refund.
In conclusion, you can expect a tax refund of $363.44 from the government.
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95% of the fruits consisted of bananas, apples, and oranges. If oranges were twice as popular as bananas, and apples were 25 percentage points less popular than bananas, what are the percentages of each individual fruit
Apples, Oranges and Bananas comprise of 18.99%, 50.66% and 25.33% of the total fruits respectively
Let f be the total number of fruits available
Let b the number of bananas
Fruits that consist of bananas, oranges and apples = 95%
Oranges = 2*bananas
=2b
Apples = 75% of bananas
=0.75b
Formulating the equation we get:
b + 2b + 0.75b = 0.95f
3.75b = 0.95f
b = 0.95f/3.75
b= 0.2533
So bananas amount to 25.33% of the total fruit
Oranges in terms of total fruit= 2*25.33% = 50.66%
Apples in terms of total fruit = 0.75*25.33 = 18.99%
Hence, Apples, Bananas and Oranges comprise 95% of the total fruits.
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What is the future value of $3,048 invested for 8 years at 5.7 percent compounded annually?
$4,749.14 is the future value of $3,048 invested for 8 years at 5.7 percent compounded annually.
What is compound?
Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.
Therefore,
$4,749.14 is the future value of $3,048 invested for 8 years at 5.7 percent compounded annually.
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Having a product where customers can buy it such as stores, catalogs or internet is
Having a product where customers can buy it such as stores, catalogs or internet is Distribution channels.
What is also known as distribution channel?The network of people and businesses involved in getting a good or service from the manufacturer to the consumer is known as a distribution channel. Distribution channels are often referred to as marketing channels or distribution channels for marketing.
What are the types of distribution in marketing?Manufacturers choose how they want their products to be distributed in the market using one of three distribution strategies.
Distribution in DepthSophisticated DistributionUnique DistributionWhat do you mean by direct channel?Through this channel, a manufacturer can sell products including hardware, software, and accessories straight to consumers: • Direct sales force — This is a channel where products are delivered directly from the producer or vendor to the final consumer, typically via a field sales force that has received professional training.
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A teacher receives a paycheck every two weeks, always the same day of the week. is it true that in any six consecutive calendar months she receives exactly 13 paychecks?
A teacher receives a paycheck every two weeks, always the same day of the week. In any six consecutive calendar months she receives exactly 13 paychecks. This statement is true.
If she starts working from January 1st then she will get paid on June 30 or July 1st that is after six consecutive months. This totals up to 181 days and i we divide it by 14 days as she is getting paid after every two weeks then it comes up to a total of exactly 13 paychecks.
Even if we start from any month and take into consideration 6 consecutive months still she will receive 13 of total paychecks for the works she does or service she provides in a company or firm whatever she does the work in.
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The method that does not necessarily produce a declining or constant pattern of depreciation over an asset's service life is:______.
The method that does not necessarily produce a declining or constant pattern of depreciation over an asset's service life is the units of production method.
What do you understand by the units of production method?
The unit of production method is a method of calculating the depreciation of an asset's value over time. It becomes useful when the value of an asset is more related to the number of units it produces than the number of years it is used. This method often results in larger depreciation deductions in years when the asset is heavily used, which can then offset periods when the equipment is used less.This method can be compared to time-based depreciation measures, such as the straight-line or accelerated methods.To learn more about the units of production method, refer to:
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