You've produced a list of the things you'll need as ingredients for each day's meals and a menu plan for the upcoming few days. There are numerous stores.
Ingredient is what?Anything that goes into a combination is called an ingredient. For instance, instructions for cooking a certain food list the ingredients that must be utilised. Secret components found in many commercial products give them the ability to outperform rival goods, according to their manufacturers. noun. something that incorporates into a mixture as an element: The cake mostly consists of flour, eggs, and sugar. the building blocks of political success; a constituent part of anything.
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5. name two activities technology has replaced that once were part of our daily lives. 6. what is the downside of technology in terms of our general physical fi tness? 7. defi ne aerobic capacity.
answer 5. two activities technology, Instead than going over to a friend's place, they exchange emails or texts. instead of playing outside, spending hours on social media chatting.
answer 6, Long lengths of time spent looking down at an electronic device can cause neck and back pain, as well as pain in the hands, wrists, and elbows. Additionally, whether using a laptop or a smartphone, users may be seated in ways that compromise their posture and performance.
Technology, or as it is sometimes referred to, the modification and manipulation of the human environment, is the application of scientific knowledge to the practical goals of human existence. Technology is the means through which we put scientific knowledge to use. Along with devices (like computers). Although the majority of contemporary technology is electronic, this does not mean that all technology is.
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Suppose the economy is currently operating at an output level of $4,000 billion. Assume furthermore that potential output is $5,000 billion and the marginal propensity to consume is 0.75. Which of the following would be required to close this recessionary gap
To close this recessionary gap caused by the crisis, $250 billion in new income is needed.
At a $4,000 billion output level, an economy is active.
A $5,000 billion output level is possible.
Consumption propensity at the margin is 0.75.
The contractionary gap is
= $5,000 billion - $4,000 billion
= $1,000 billion
ΔY=I/1-MRP× ΔG
$1,000 =1/1-0.75 × ΔG
ΔG=$1,000/4= $250
To close this income gap caused by the crisis, $250 billion in new income is needed.The difference between the output of goods and services during full employment and during a recession, when employment is decreased, is known as the recessionary gap. The gross domestic product is used to measure this output (GDP). The lost potential of an economy that is experiencing a recession is measured by this gap, according to analysts.
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All of the following are included in the broad factors manufacturers must consider when establishing a strategy for getting their product into the hands of the ultimate customer except
All of the following are part of the general elements that producers must take into account when developing a plan for getting their product into the hands of the final consumer, with the exception of reducing product costs.
Consumers are people or groups who don't actively engage in commercial or entrepreneurial operations and who plan to order or use purchased goods, experiences, or services primarily for their own social, familial, domestic, or other needs. The most common user of the word is someone who purchases items for their own use. On March 15, 1962, President John F. Kennedy provided the US Congress with his definition of "consumers." We are all consumers by definition, he remarked. This presentation served as the impetus for the creation of World Consumer Rights Day, which is today observed on March 15. In his address, John Fitzgerald Kennedy underlined that helping citizens exercise their rights is one of the essential duties of the government.
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which of the following is/are part of the activities and responsibilities of product and service design? multiple select question. formulate cost targets. develop new products/services. design a company's financial plan. construct and test prototypes. translate product/service specifications into process specifications.
(E) Converting process specs from product/service specifications is part of the activities and responsibilities of product and service design.
What is product and service design?Customer happiness is the key consideration in product and service design.
As a result, it is crucial for designers to comprehend what the client wants and create products accordingly.
The main source of this data is marketing.
For instance, when a senior citizen wishes to reserve an Uber trip to visit a friend in the hospital, the car is a product in the context of service design, but it is also a tool.
In these situations, there is a lot to think about.
This user might be using a smartphone that she's still getting used to accessing Uber.
Therefore, (E) converting process specs from product/service specifications is part of the activities and responsibilities of product and service design.
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Complete question:
Which of the following is/are part of the activities and responsibilities of product and service design? multiple select questions.
a. formulate cost targets.
b. develop new products/services.
c. design a company's financial plan.
d. construct and test prototypes.
e. translate product/service specifications into process specifications.
a. annual picnic for plant employees and their families b. cost of fabric used by clothing manufacturer c. cost of plastic for a toy manufacturer d. cost of sewing machine needles used by a shirt manufacturer e. cost of television commercials f. depreciation of copying machines used by the marketing department g. depreciation of microcomputers used in the factory to coordinate and monitor the production schedules h. depreciation of office building i. depreciation of robotic equipment used to assemble a product j. electricity used to operate factory machinery k. factory janitorial supplies
Every year, factory workers and their families have a picnic. Product costs and manufacturing overhead expenses.
What included in the cost of the product?Product costs are expenses incurred to produce a good that is meant to be sold to consumers. Direct materials (DM), direct labor (DL), and manufacturing overhead are all part of the cost of the product (MOH).
What are the three different product costs?Direct materials, direct labor, and overhead are the three main types of costs that are involved in manufacturing operations. The fact that some service sectors do not have direct material costs and some automated manufacturing businesses do not have direct labor expenses should be noted as an exception.
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what amount should blue include as net cash provided by operating activities in the statement of cash flows?
The net cash flow from operating operations of a corporation shows whether any new funds entered or left the company.
What is a cash flow?Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Fundamentally, a company's ability to maximize long-term free cash flow and generate positive cash flows defines its capability to add value for shareholders (FCF). FCF is the cash that remains from a company's ordinary business operations after any capital expenditures have been paid for (CapEx). Examining cash flows involves using the cash flow statement, a common financial statement that lists a company's sources and users of cash during a specific time period. The cash flow statement is one of the most important financial statements a company issues, along with the balance sheet and income statement.
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zachary is trying to improve his credit. which two areas will have the greatest effect on his credit score? select all that apply. responses his payme
zachary is trying to improve his credit. The two areas which will have the greatest effect on his credit score are: his debt balance and his payment history.
One of the most significant scoring factors that affects our credit ratings is the payment history. When there is a long history of on-time payments, the credit score is most affected. If one payment is missed, the payment history is also negatively impacted.The overdue debt can increase as a result of the missed payment, which also affects our credit scores.
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which of the following is the best description of an exclusion? a) an exclusion is an item that is not taxable and is not included as income on the form 1040. b) an exclusion is an item that is deductible only if there is a tax liability. c) an exclusion is an item that is taxable but is deducted on the front of the form 1040. d) an exclusion is an item that is taxable but is deducted on the back of the form 1040.
An exclusion is something that isn't included in income on the Form 1040 and isn't subject to regular income tax, like a qualified Roth payout or interest from a municipal bond.
Which doesn't count as taxable income on Form 1040?Whether or not you report nontaxable income on your tax return, it isn't taxed. Donations, bequests, and inherited property, as well as cash refunds for goods you purchase from a retailer, producer, or dealer, are all exempt from taxation, according to the IRS.
What is an exclusion from income?Several different forms of income are exempt from taxation under the income exclusion rule. This law covers a wide range of income, including welfare payments, child support, life insurance death benefits, and interest on municipal bond holdings. There is no mention of excluded income on Form 1040.
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a business having fewer than 500 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices is a(n)
Five Business Ventures, Having less than 500 employees, being independently owned and run, not being the market leader, and not being known for many creative business methods are common characteristics of small businesses.
Economic activity goes through periods of boom and then fall during business cycles. Both the general welfare of society and the welfare of private enterprises are impacted by these developments. Changes in a broad economic measure, such as Real Gross Domestic Product, are generally examined to determine how business cycles have changed through time. Many macroeconomic indicators have widespread upswings and downswings, which are classic examples of business cycle fluctuations. Each expansion/recession episode's duration and intensity change over time. Usually, their periodicity lasts for two to ten years. As in, their mathematical methodology, which employs a Bayesian statistical paradigm, may really include such flexible knowledge about the frequency of business cycles.
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market failure is a situation in which group of answer choices negative economic profits persist in the long run. negative economic profits exist in the short run. the market does not provide the ideal or optimal amount of a particular good. both a and b a, b, and c
The correct option is C i.e., the market does not provide the ideal or optimal amount of a particular good.
What does the term "market" in economics mean?The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
What is a strong market economy sentence?New prospects have also been presented by the developing market economy. People are asked if they would rather shop in a market economy or wait in line in a command economy. A contemporary market economy cannot exist without a modern state.
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a video production firm plans to hire a new creative director. several applicants have the necessary technical skills. the hiring manager is now viewing the digital portfolios submitted by the applicants to determine which one should be offered an in-person interview for the creative director role. this is a:
The hiring manager is now viewing the digital portfolios submitted by the applicants to determine which one should be offered an in-person interview for the creative director role. this is Nonprogrammed Decision .
What is nonprogrammed decision?
A choice that deviates from a predetermined process and whose criteria are not clearly established is referred to as a nonprogrammed decision.
An unprogrammed choice mostly consists of: The majority of the time, the information on which a choice is made is fuzzy or partial.
What are decisions that are and are not programmed?
Programmed decisions deal with issues that are often commonplace. They are repetitious and structured.
Non-programmed decisions are those that are ill-defined, non-repetitive, and concerned with special decisions and exceptional difficulties. Managers must think outside the box to find answers for non-programmable decisions since there are none.
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the following selected amounts are available for vizio company. retained earnings (beginning) $1,600 net loss 300 cash dividends declared 200 stock dividends declared 200 what is its ending retained earnings balance? group of answer choices $1,300 $1,400 $900 $1,200
The correct option is C i.e., $900 is its ending retained earnings balance for the Vizio company.
What do you mean by earnings?The profits that a business makes are its earnings. They are obtained by deducting revenue from cost of products sold, operational expenditures, and taxes. The creation and ongoing operation of a business are primarily motivated by the desire to generate profits. Dividend payments to shareholders can then be made with the earnings.
What do earnings mean?Earnings are the sum of money that a person or organization receives over a specific time period. They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.
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to reduce their negative impact on the environment, people who brew coffee should buy beans that are grown naturally. which piece of evidence is the best support for the claim?
Shade-grown coffee, which replicates how coffee naturally develops, protects indigenous flora.
How is coffee grown in the shade good for the environment?Numerous studies have shown that the habitat on shade-grown coffee farms performs better than the habitat on sun-grown coffee plantations in terms of higher bird numbers and species, enhanced bird habitat, ground preservation/erosion control, carbon capture, natural pest management, and improved pollination.Shade-grown coffee works within the natural ecosystem, contributing to and receiving help from the system. Shade trees provide many nutrients to the coffee plants and the surrounding soil, natural predators help control coffee pests, and the shade trees help protect the coffee crops from frost.To learn more about ecosystem refer to:
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true or false: at the end of 2019, the government of debtenburg will exceed the legal limit on how much it can borrow.
Debtenburg has not yet surpassed its borrowing limit, although being approaching to the $248 billion debt limitation. This claim is untrue as a result. The debt ceiling is the amount that Debtenburg is legally permitted to borrow. The national debt will expand even further in 2019 as a result of the increase in interest rates.
The government has ambitious objectives to make sure that everyone can contribute in accordance with their skills and that the Netherlands is sustainably affluent for both the present and future generations. It envisions a society where the government is dependable, just, service-oriented, close to the people, and encourages collaboration among its citizens. The aim is to create a nation that provides socioeconomic security for everyone and the chance for personal and societal advancement.
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What is an important part of email management? question 3 options: never deleting emails checking email just once a month subscribing to as many store emails as possible checking email every day
Effective email management requires (A) never throwing away an email.
What is email management?The systematic regulation of the number and quality of electronic messages sent and received inside an organization is known as email management.
Never discarding emails is a crucial component of effective email management.
Email management is crucial for a workplace to operate at its peak efficiency.
The number of emails exchanged daily rises along with the need for internet communication.
Establish a regular time to check your email and stick to it. You'll be more productive as a result and be able to maintain your inbox. Eliminate interruptions like email notifications that beep or flash up on your screen.
This will prevent you from continuously checking your messages and keep you focused on your tasks.
Therefore, effective email handling requires (A) never throwing away an email.
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Correct question:
What is an important part of email management? question 3 options:
a. never deleting emails
b. checking email just once a month
c. subscribing to as many store emails as possible
d. checking email every day
A straightforward example of a . often used for simplicity, is the interest rate. price ceiling, financial investment rate of return price floor Which of the following will NOT result in a shift of the market supply curve for labor?a decrease in non-wage income an increase in the working-age population an increase in labor productivity an increase in immigration
The interest rate is a simple example of a. that is frequently used for simplicity. price floor, return on investment, and price ceiling An rise in worker productivity won't cause the labor market supply curve to change.
The interest rate is the amount of interest that is calculated as a percentage of the amount lent, deposited, or borrowed and is due each period. The principal, interest rate, frequency of compounding, and length of the loan, deposit, or borrowing are all factors that affect the final amount of interest charged on a sum lent or borrowed. The annual interest rate is the interest rate that is calculated over a year. The interest rate "measures the preference for a dollar of present income over a dollar of future revenue," according to one definition. The borrower is prepared to pay back the loan.
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assume you will receive $100,000 in 15 years, and the appropriate interest rate is 7% per year. what is the present value of this cash inflow?
The answer to the given question about the Present Value of cash inflow with appropriate interest rate of 7% is 36,244.60
NPV = Cash flow / (1 + i)^t
= 100,000 / (1 + 0.7)¹⁵
= 36244.60
The worth of a cash flow at the current moment, discounted back to the date of initial investment at the discount rate, is known as the cash flow's present value. The present value of a cash flow stream is calculated by multiplying the discount rate by the present value of the cash flow for one period. Based on the idea that money in the now is more valuable than money in the future, present value is a means to depict the current value of future cash flows. The income from loans, mortgages, and other assets whose full worth may not be realized for many years is valued using present value. A financial term called net present value aims to measure the total worth of an investment opportunity.
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The extension of coverage under the Commercial Fine Arts Floater includes coverage for newly acquired property for a maximum of... A. $10,000. B. $15,000
Option A is correct. Commercial Fine Arts Floater extended coverage includes coverage for new purchases up to $10,000.
Floater insurance is a type of insurance that covers easily movable property and provides additional coverage not provided by regular insurance. Also known as a “personal floater,” it can cover everything from jewelry and furs to expensive stereo equipment.
Home insurance often does not fully cover some items. Adding a floater policy assures homeowners that their property will be fully restored in value in the event of theft, loss, or damage. These policies are usually for a single item. So if you have multiple items that you want fully covered, you will need to purchase a floater for each.
Standard homeowners insurance covers all risks (fire, storm, theft, vandalism, etc.) included in insurance for jewelry and other valuables such as watches and furs. However, some valuables have restrictions.
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control risk is a) the probability that a material misstatement could not be prevented or detected by the entity's internal control policies and procedures. b) the probability that a material misstatement could occur and not be detected by auditors' procedures. c) the risk that auditors will not be able to complete the audit on a timely basis. d) the risk that auditors will not properly control the staff on the audit engagement.
Control risk is The probability that a material misstatement could be prevented or detected by the entity's internal control policies and procedures.
What is control risk?Control risk is the possibility of a major misstatement in a company's financial statements as a result of the absence of pertinent internal controls to mitigate a specific risk or the failure of the internal controls already in place. Control risk is the possibility of a material misstatement as a result of controls that fail to reduce a mistake. Control risk is an illustration of cybersecurity risk. By preventing financial risks that could negatively impact the bottom line, risk control helps the firm achieve its objectives and maximize earnings, which is why it is crucial for the health of an organization. It is an internal control method that places a focus on loss prevention as a form of loss control.The likelihood that a significant misstatement could be stopped or discovered by the entity's internal control rules and procedures is known as the control risk.
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which of the following would not be considered a job in a service form that uses job order costingthe tax department in an accounting firm (this is a department; a job would be an individual client)
The tax department in an accounting firm would not be considered a job in a service firm that uses job order costing. Option 1 is true
A job in a service firm that uses job order costing is a specific task or project that is performed for a particular client. Each job has its own unique cost and is charged to the client separately. This system is used by businesses that provide custom services, such as engineering, consulting, and accounting firms.
The tax department in an accounting firm is not a specific task or project performed for a client, rather it is a department within the firm that handles tax-related matters for all clients. It doesn't have a specific cost and doesn't charge separately for it. It would not be considered a job in a service firm that uses job order costing.
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Complete Question -
which of the following would not be considered a job in a service form
1. tax department in an accounting firm
2. Work from home forms
3. Employed Forms
5,000 is put into an empty savings account with a nominal interest rate of 5%. no other contributions are made to the account. with monthly compounding, how much interest will have been earned after 5 years
The Option D is correct because the interest amount equals $1,420.
What is Future value?Future value (FV) is the value of an asset now based on an anticipated rate of increase in the future. Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
Future value refers to an asset's value in a future time. It calculates the nominal amount of money that an amount of money will be "worth" at a specific period in the future under the assumption of a specific interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function.
Given Information
Present value = $5000
Rate of interest = 5 %
Time = 5 years
Compounded monthly = 12
Future value = $5,000 * (1+5%/12)^5*12
Future value = $5,000 * (1+0.004167)^60
Future value = $5,000 * (1.004167)^60
Future value = $5,000 * 1.28338423942
Future value = $6,416.9212
Future value = $6,416.92
Interest amount = Future value - Present value
Interest amount = $6,416.92 - $5,000
Interest amount = 1,416.92
Interest amount = $1,420
Therefore, the Option D is correct because the interest amount equals $1,420.
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anthony bought a commercial property using all cash at a 8.5% capitalization rate. what is anthony's cash-on-cash return for the deal, after year 1...?
anthony bought a commercial property using all cash at a 8.5% capitalization rate. what is anthony's cash-on-cash return for the deal, after year 1 is 8.5*1=8.5 %
A group of rights collectively referred to as property[1] confers legal authority over objects and also denotes the owners' ownership of those items. Depending on the type of property, an owner may be permitted to use it as specified by the property rights granted to them, alter it, share it with others, redefine it, rent it, pawn it, sell it, exchange it for another piece of property, give it away, or destroy it[2]. Regardless of the kind of property, a property owner may have the right to prohibit others from carrying out any of these actions.Private property, public property, and communal property are the three main types of property in economics and political economy (also called cooperative property).Property that is held in common ownership
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Tara is interested in designing automated systems for a supply chain. Which type of degree would she most likely need?
Tara will almost certainly need a mechanical engineering degree to create automated supply chain solutions.
Which type of degree would she most likely need?Mechanical engineers develop and manage manufacture of a wide range of items, from medical equipment to brand-new batteries. Mechanical engineers design other machines found inside buildings, such as escalators and elevators. They also develop material-handling systems such as automated transfer stations and conveyor systems.
With a degree in mechanical engineering, one may build everything from small gadgets like watches to enormous spacecraft with moving parts like space shuttles. Mechanical engineers are typically part of teams that build robots, and they are also involved in the creation of medical equipment.
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shriver company built an addition to its chemical plant. indicate whether each of the following expenditures related to the addition is a revenue expenditure or a capital expenditure: a. shriver's initial application for a building permit was denied by the city as not conforming to environmental standards. shriver disagreed with the decision and spent $8,000 in attorney's fees to convince the city to reverse its position and issue the permit. answer b. due to unanticipated sandy soil conditions, and on the advice of construction engineers, shriver spent $58,000 to extend the footings for the addition to a greater depth than originally planned. answer c. shriver spent $3,000 to send each of the addition's subcontractors a side of beef as a thank-you gift for completing the project on schedule. answer d. shriver invited the mayor to a ribbon-cutting ceremony to open the plant addition. it spent $40 to purchase the ribbon and scissors. answer e. shriver spent $4,100 to have the company logo sandblasted into the concrete above the entrance to the addition. answer
Shriver company built an addition to its chemical plant. Indicating whether each of the following expenditures related to the addition is a revenue expenditure or a capital expenditure :
Capital ExpenditureCapital ExpenditureRevenue ExpenditureRevenue ExpenditureCapital ExpenditureWhat is the difference between Capital expenditure and Revenue expenditure.The distinction between capital expenditures and revenue expenditures depends on whether the purchases will be made for immediate or future usage. Funds used by a business to purchase, renovate, and maintain tangible assets like land, buildings, or machinery are known as capital expenditures (CAPEX). Typically, capital expenditures consist of one-time, sizable acquisitions of fixed assets that will be put to use in generating income over a longer time frame. Revenue outlays are often referred to as ongoing operating expenses, which are one-time costs incurred in carrying out regular business activities.
a. Capital expenditure - The $8000 is utilized to build a building extension.
b. Capital expenditure - $58,000 is utilized to build an expansion to the building.
c. Revenue expenditure - Despite being essential for motivating the contractors, this expenditure does not increase building costs.
d. Revenue Expenditure - To build an expansion, $40 is neither a material nor a necessary expense.
e. Capital expenditure - Using $4100, a brand is developed.
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on january 1, year 1, warren co. purchased a $600,000 machine, with a five-year useful life and no salvage value. the machine was depreciated by an accelerated method for book and tax purposes. the machine's carrying amount was $240,000 on december 31, year 2. on january 1, year 3, warren changed retroactively to the straight-line method for financial statement purposes. warren can justify the change. warren's income tax rate is 30%. in its year 3 income statement, what amount should warren report as a prior period adjustment as result of this change?
Warren should include $0 in his report as the total impact of this adjustment. A change in the depreciation method is a technique change that cannot be distinguished from a change in the estimate and is recorded as such.
Briefing:-In the current year and subsequent years, the change is reported prospectively. On the income statement, a change in the depreciation method is no longer treated as having a cumulative effect.
Which of the following qualifies as a modification of accounting principles?The right response is to switch inventory valuation from average cost to FIFO. A change in accounting policy is regarded as changing the method used to value inventories.
What among the following would be a change in accounting principle's indirect effect?(a) If possible, the impacts of deferred taxes, which are a direct result of the change in accounting principle, should be reported in the period that is presented the earliest. Profit sharing and royalties are examples of indirect effects that need to be recorded throughout the transition.
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morgan anticipates a balance due for next year. what actions should she take to prevent having a balance due.
The IRS Tax Withholding Estimator can assist taxpayers ensure that the appropriate amount of tax is withheld and prevent unpleasant surprises when filing the next year.
What exactly is a tax defined as?A tax is a compulsory fee or financial charge imposed by a government on a person or an entity in order to raise money for public works projects that provide the greatest infrastructure and facilities. Afterward, several public expenditure projects are funded using the funds obtained.
We pay taxes because why?Due to their inability to successfully provide such services for themselves, all residents benefit from taxes that are used to pay for defense, roadways, police, and a justice system, among other necessary services.
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josh has an ipod and frequently downloads songs from the itunes website. he pays a small fee for each download, but downloading a song does not remove it from the itunes inventory. other consumers can also pay the fee and download a song that josh might have already accessed. the itunes service is best described as:
Josh has an ipod and frequently downloads songs from the itunes website. he pays a small fee for each download, but downloading a song does not remove it from the itunes inventory. other consumers can also pay the fee and download a song that josh might have already accessed. the itunes service is best described as an artificially scarce good.
What is scarce goods?
A good that has been made artificially rare is nonrival in consumption and excludable. Examples include computer software, pay-per-view movies, and other information products.
like a natural monopoly in some ways. Despite the fact that there is no marginal cost, producers nonetheless incur fixed costs, which could be quite expensive.
What products are considered rare goods?
The term "scarce goods" refers to commodities and services that are only present at a specific time. For instance, raw materials, land, oil, labor, tools, and machinery.
The term "scarce goods" refers to commodities and services that are only present at a specific time. Gold, labor, oil, equipment, tools, land, and raw materials are a few examples. See also: The distinction between intermediate and final goods.
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Explain the following statement: "When firms in different industries all compete for the same land, the marginal revenue product of the last unit of land rented will be equal across all firms, regard less of whether they are in different industries."
The last piece of land leased for each of these many sectors will be equal to the value of a marginal revenue product of land because every industry leases till VMP of land = R.
What are an example and industry?The business is a sector of the economy that converts raw resources into useful goods. Examples of the primary industries are agriculture, mining, and lumbering. Cement production and oil refineries are two instances of secondary industries.
What expression best describes the industry?Industry Best Practice refers to technological and operational procedures that are often required of a top provider in a comparable or same industry that is trying to uphold its contractual and legal obligations.
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accrual accounting measures: multiple choice question. net income relative to timing of cash movement an entity's accomplishments and resource sacrifices during the period the difference between cash receipts and cash disbursements
Net income is the distinction between revenues and costs.
What is meant by accrual accounting?Accounting method used by businesses to record transactions that affect their financial accounts even when no money was exchanged during the periods in which the events occur. accrued costs. costs that have been incurred but not yet been paid in cash or documented.
According to the accounting approach known as accrual accounting, income is recognized when it is generated and realizable—not always when the money is actually received. In a similar vein, expenses are recorded when the corresponding revenue is rather than when the corresponding cash is received.
(a future prediction that is more precise) depicts the company's operational performance over time. Net income is the distinction between revenues and costs.
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Which of the following is included in the gross domestic product for an economy in a given year? Select one: O a. The value of intermediate goods produced in that year. Ob. The value of used goods sold in that year. O c. The value of final goods produced in that year. O d. All of the above would be included in the gross domestic product for arteconomy in a given year.
C) The value of the final products produced this year is included in the gross domestic product of the economy in a given year.
Explain GDP?Gross domestic product is a monetary measure of the market value of final goods and services produced and sold in all countries over a period of time. Due to its complex and subjective nature, this metric is often overlooked before it is considered a reliable indicator. GDP per capita does not reflect differences in the cost of living and the inflation rate of countries. Therefore, using GDP per capita purchasing power parity may be more useful when comparing countries' standards of living, while nominal GDP is more useful when comparing countries' economies in international markets.
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