If a car salesperson earns a 12.5% commission on every car sold. The salesperson sold a car for $17,500. Then $2,799.8 is the commission earned from the sale
A commission is a fee a broker or investment advisor charges for handling a client's purchases and sales of securities or for offering financial advice.
Given,
A car salesperson earns a 12.5% commission on every car sold.
The salesperson sold a car for $22,399.
We need to find the commission earned from the sale.
12.5% is to be converted to decimal by dividing by 100.
= 12.5%=12.5/100=0.125
Now multiply 0.125 by 22,399 to find what is 12.5% of 22,399
= 0.125×22,399
= 2,799.8
Therefore, $2,799.8 is the commission earned by the salesperson.
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lillian is buying julia's home in malibu. julia, after selling her home to lillian, is buying anne marie's condo in san francisco. in these transactions, who is the grantor and who is the grantee?
In the transaction in which Julia sells her Malibu home to Lillian, Julia is the grantee and Lillian is the grantee. Julia is the grantee and Anne Marie is the grantee in the transaction in which Julia purchases her Anne Marie's San Francisco condominium.
Who are Real Estate Grantor Grantee?A grantee is a person or entity that transfers ownership of property to another person or entity known as the grantee in real estate transactions. Typically, legal documents that transfer ownership of property identify the grantee and grantee. certificates B. A contract transferring ownership of the asset to the recipient must be signed by the grantee. As a result, the grantee becomes the property's owner in law. Usually, the grantee is responsible for paying the property's purchase price. Upon receiving payment of the purchase price, the grantee is required by law to transfer title to the grantee. In compliance with state rules and regulations, this procedure is carried out.
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Which of these organizations is considered for-profit?
a retail clothing store
a social-welfare agency
a local police department
a labor union
A retail clothing store is an organization considered for profit.
What is Organization?A group of people who collaborate, such as a neighborhood association, a charity, a union, or a corporation, is an organization. The term "organization" can be used to describe a group, a business, or the process of forming or establishing something.
An official group of people, such as a political party, business, charity, or club, is an organization. The majority of these specialized schools are provided by charitable groups.
The organizational structures utilized by the majority of businesses today are described by three types of organizations: matrix, functional, and departmental Before deciding which of these approaches to take for their company, business owners need to take into account the advantages and disadvantages of each.
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hatter company's new bond issue with face amount of $7 million sells for $6.8 million. which of the following facts may explain why the bonds sell at a discount? multiple choice question. hatter company's reputation must have been recently impaired. hatter company's stated interest rate must be lower than that of competing companies in the bond market. hatter company must have issued its bonds after the first interest payment was due.
The stated interest rate of Hatter Company shall be less than the stated interest rate of Hatter Company's rivals in the bond market.
What is bond market?The bond market is a financial market where players can purchase and sell debt securities or issue fresh debt, known as the primary market or secondary market, respectively. This typically takes the form of bonds, though it may also be notes, invoices, and other types of debt for both public and private spending. The term "bond market" broadly refers to the buying and selling of different debt instruments issued by several businesses. Bonds are a form of debt capital that governments and corporations issue to finance operations or look for expansion prospects. In exchange, they agree to pay back the principal plus interest.The purchase and sale of fixed-income debt securities is made possible by the bond market.To learn more about bond market, refer to:
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Caitlin studied the relationship between gender and adjustment to retirement. She controlled for type of job before retirement and set up tables relating gender to retirement adjustment for each of her three categories of job type before retirement. The relationships displayed in these tables are known as:
Moderator-mediator interactions.
What are Moderator and mediator interactions?Moderator-mediator interactions refer to the relationship between an independent variable (the moderator) and a dependent variable (the mediator). The moderator is an independent variable that affects the strength or direction of the relationship between an independent and dependent variable.
The mediator is a dependent variable that acts as an intermediary between the independent and dependent variables, allowing for the effect of the independent variable on the dependent variable to be explained. Together, the moderator and mediator act as a system to explain the causal relationship between the independent and dependent variables.
The moderator can be anything from a demographic characteristic to an environmental factor, while the mediator can be anything from an attitude to a behavior. This type of interaction is important in understanding the impact of different variables on each other, and in designing interventions to create positive change.
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Mel's Meals 2 Go purchases cookies that it includes in the 10,000 box lunches it prepares and sells annually. Mel's kitchen and adjoining meeting room operate at 70 percent of capacity. Mel's purchases the cookies for $0. 60 each but is considering making them instead. Mel's can bake each cookie for $0. 20 for materials, $0. 15 for direct labor, and $0. 45 for overhead without increasing its capacity. The $0. 45 for overhead includes an allocation of $0. 30 per cookie for fixed overhead. However, total fixed overhead for the company would not increase if Mel's makes the cookies. Mel himself has come to you for advice. "It would cost me $0. 80 to make the cookies, but only $0. 60 to buy. Should I continue buying them?" Materials and labor are variable costs, but variable overhead would be only $0. 15 per cookie. Two cookies are put into every lunch. How would you advise Mel? Prepare a schedule to show the differential cost
We are interested in examining which expenditures and revenues will not be present in a differential cost schedule.
What, using an example, is differential cost?
Differential costs are the costs associated with two or more business choices. In particular, a differential cost occurs when there are several similar options and only one can be chosen at the expense of the others.
How is differential cost determined?
The corporation determines the difference cost by subtraction of the cost of the proposed additional capacity from the cost of the current capacity in order to determine the viability of the new selling price. The minimal selling price is then calculated by dividing the differential cost by the extra production units.
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Think about a situation where you had to do work under supervision. This "supervisor" could be a manager at a past or current job, a teacher in a classroom, a coach with a team or club, or even just a parent giving you chores at home. Write a few sentences describing the "production requirements" in this situation. What was expected of you?
I was expected to complete assigned tasks on time and within budget, produce high-quality work, communicate effectively and seek feedback.
What does a product mean in marketing?The thing that is being sold is referred to as a product. A services or an object both qualify as products. It might take on a literal, electronic, or cyberspace form. Every product has a cost associated with it, and each one has a price. The marketplace, the quality, the marketing, and the group that is being targeted all influence the price that may be charged.
What are the 4 types of products?Convenience goods, retail products, specialty items, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
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supreme inc. sells its products with a 3-year warranty. the company estimates warranty costs relating to sales during the current year are as follows: current year (year 1): $10,000; year 2: $25,000; year 3: $15,000. assume that actual warranty costs during the current year were as estimated. what is the amount of the estimated warranty liability that supreme should recognize on its current year balance sheet?
The amount of the estimated warranty liability that Supreme should recognize on its current year balance sheet would be $10,000, as that is the estimated warranty cost for the current year (Year 1). The estimated costs for Year 2 and Year 3 would not be recognized on the current year's balance sheet.
What is Warranty Liability Recognition?The act of budgeting for the anticipated costs a business will face in honoring its warranty obligations to consumers is known as warranty liability recognition. When a business offers a product with an assurance, it is required to make an estimation of the expenses it will probably have to pay to satisfy the warranty and to record those expenses as a liability on its balance sheet. When the customer makes use of the warranty, the liability is subsequently categorized as an expense on the income statement. This procedure is carried out to make sure the business has set aside sufficient funds to pay the predicted warranty expenses and to deliver precise financial information to shareholders and other interested parties.
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children in single-parent households are at a greater risk of lower standards of living primarily because of . group of answer choices lower moral standards that are held by single parents lack of role models and a positive reference group lack of attention having fewer economic resources than two-parent households
Because single-parent homes often have less economic resources than two-parent households, children in these households are more likely to have poorer standards of life.
The resources utilised to conduct economic activity are known as economic resources. Land, labour, capital, and entrepreneurship are the four primary categories of economic resources, and these categories are where the rest of the resources come from. Inputs, resources, or components of production are what are utilised in the production process to generate output, which in economics refers to commodities and services. According to the connection known as the production function, the amounts of the various inputs used influence the amount of output. The resources that make up the foundation of the economy and are used by people to generate products and services are called factors of production.
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the incomes of consumers of inferior good y decrease. what is the effect of the change in incomes on the market for good y?
if the income of the Consumer increases, the Demand Curve for an inferior good shift down to the left.
The intersection of a supply and demand curve is known as an equilibrium point. There is a place where the supply and demand curves intersect when you look at a supply and demand curve graph. The equilibrium point is when these two lines connect, indicating that the supply and demand are equal.The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time.
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if the average fixed cost is $2 and the average variable cost is $3, the total cost is $5. group of answer choices true false
It is true that the total cost is equal to the sum of fixed costs and variable costs. In this case, if the average fixed cost is $2 and the average variable cost is $3, the total cost is $2 + $3 = $5.
What is total cost?Overall price is the total of all expenses, both permanent and variable, associated with the creation of a service or an item. Rent and compensation are examples of fixed costs; in contrast, raw materials and labor are examples of variable costs, which alter according to the volume of production. Actual cost calculations are crucial because they enables the company estimate the lowest price at which they can still break even. The overall cost also assists in determining the amount of output at which a corporation will generate the most revenue.
The formula for finding total cost is:
Total Cost = Fixed Costs + (Variable Costs x Quantity)
where "Fixed Costs" are the costs that do not change with the level of production, "Variable Costs" are the costs that vary with the level of production, and "Quantity" is the number of units produced.
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which of the following is true of emerging trends in the international market? multiple choice offshoring involves low-skilled manufacturing jobs with repeatable tasks. globalization is limited to a particular sector of the economy. u.s. managers in overseas locations typically have the necessary cultural understanding to attract and retain talented employees. in most emerging markets, companies are now facing an excess of talented employees. although companies may be attracted to offshoring because of potentially lower labor costs, reshoring is becoming more common.
Although companies may be attracted to offshoring because of potential lower labor costs, reshoring is becoming more common
What is international market?Any market that is not a company's domestic market—which is its home country—is considered an international market. The United States and Mexico are only two of the many foreign markets available to Canadian enterprises.A domestic market is one that is contained within a company's home country's borders, whereas an international market is any geographic area where a corporation conducts business that is outside of the country's territorial limits. The promotion of goods or services outside of your company's home market is known as international marketing. Consider it a form of global commerce. Brands are able to build a worldwide audience, raise their level of brand recognition, and, of course, expand into new markets.To learn more about international market refer to:
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what is define each of the following disclosure costs associated with financial accounting information, and provide an example of each cost: information collection, processing, dissemination costs. competitive disadvantage costs. litigation costs. political costs.
Information gathering costs: These are the costs associated with gathering the data needed to create financial statements. An example of this might be the cost of hiring an external accountant to audit a company's financial statements.
Processing costs: These are the costs associated with transforming raw data into useful financial information. An example would be the cost of the software used to prepare the financial statements.
Dissemination costs: These are the costs associated with making financial reports available to the public. An example would be the cost of filing an annual report with the Securities and Exchange Commission.
Costs of competitive disadvantage: These are the costs associated with disclosing sensitive financial information that could give competitors an advantage in the marketplace. An example would be a company not releasing details of its new product because it might give competitors time to develop a similar product.
Litigation costs: These are costs associated with legal disputes related to financial reporting. This includes costs associated with defending against lawsuits and any damages awarded. An example of this would be a company incurring legal fees to defend against a lawsuit alleging improper disclosure of financial information.
Political costs: These are the costs associated with compliance with political regulations regarding financial reporting. An example would be the cost of complying with the Sarbanes-Oxley Act.
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which statements are true regarding the post-registration requirements of the uniform securities act? i agents of broker-dealers are subject to post-registration requirements ii agents of broker-dealers are not subject to post-registration requirements iii agents of investment advisers are subject to post-registration requirements iv agents of investment advisers are not subject to post-registration requirements
Broker-dealers are required to comply with post-registration requirements under the Uniform Securities Act, however agents of broker-dealers are exempt from these obligations.
What is investment?Investment is the commitment of funds toward the acquisition of an asset with the goal of achieving a growth in value over time. A current item, such time, money, or effort, must be sacrificed in order to invest. The goal of investing in finance is to profit from the asset that is being financed. A purchase made with the intention of earning money or gaining notoriety is referred to as an investment. An economic outlook defines an investment as the acquisition of products that are not consumed right away but will be used to create wealth down the road. Investments are assets that are bought or invested in to increase wealth and set aside cash from hard-earned income or appreciation.To learn more about investment, refer to:
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you tour a company and notice that employees all seem to have a common goal and understanding of procedures. what would be the contributing factor for this? responses action plan action plan strategies strategies organizational structure organizational structure safety manuel
As you visit a firm, you note that all of the staff appear to have a single goal or objective and a grasp of how things are done. The contributing factor for this might be proper action plan strategies.
The correct option is A.
Setting goals, agreeing on steps to accomplish those goals, and mobilising the resources required to carry out those activities are all parts of strategic planning. A strategic plan outlines the methods and resources that will be employed to accomplish those objectives.
Planning, legislation, neighbourhood norms, incentives, and educational options are examples of action strategies.
A detailed strategy that lays out the measures to follow in order to achieve one or more goals is known as an action plan.
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Answer:
action plan
Explanation:
because the guy above said so and he has an expert verified answer
when preparing correcting entries, a.the erroneous entry must be reversed. b.the erroneous entry must be combined with the correcting entry. c.the erroneous entry may be combined with the correcting entry. d.the erroneous entry is never reversed.
The incorrect entry must be merged with the corrected entry when creating correcting entries.
The correct option is b.
To fix an error in a transaction that has already been entered to the general ledger, a journal entry known as a "correcting entry" is made. It's conceivable, for instance, that the monthly depreciation entry was made to the amortisation expense account in mistake.
If this is the case, the corrective entry would credit the amortisation expense account and debit the depreciation expense account to transfer the entry to the depreciation expense account. An alternative would have been to reverse the first entry and replace it with a fresh one that accurately allocates the amount to the depreciation account.
An accounting corrective entry fixes a mistake that was entered into your records. For instance, you may submit an entry in the incorrect account or input the incorrect amount for a transaction. As soon as you see an error, you need to create a journal entry to remedy it.
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In what situations can an agreement to pay compensation be expected for different types of services requested by a principal
When the primary only pays for services as they are rendered, like when a seller wishes to put his or her home on the MLS, it is reasonable to expect an agreement to pay remuneration.
What one of the following best sums up policy and procedure manuals?Manuals of policy and procedure are helpful in preserving good relations. Two sales representatives, one for the seller and one for the buyer, have been designated by a broker to serve as agents in a non-residential transaction.
How do an agent and a subagent vary from one another?A principal appoints an agent to act on their behalf, while an agent appoints a subagent to act on behalf of the principal the agent represents.
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the full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. when does the policy coverage become effective?
The life insurance coverage was issued two weeks after the full premium was received with the application. When does the policy's protection start to take effect? as of the date of application.
When the requested policy is issued, what happens to a signed application?After reviewing the application, the insurance firm (the offeree) determines whether or not to accept the offer. If the insurer approves the application and issues the requested policy, it has accepted the offer and the policy is now a formal written agreement between the parties.
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leading is solely the responsibility of the manager.T/F
False. Leading is a shared responsibility between the manager and the team.
What is manager ?A manager is a person responsible for overseeing and coordinating the work of a group of people in an organization. They set goals, make decisions, and provide guidance to ensure that their team is working towards the same objectives. Managers also monitor progress and performance, provide feedback, and take corrective action when necessary. They may also be responsible for hiring, training, and developing employees. In addition to their leadership role, managers are often responsible for budgeting, scheduling, problem-solving, and other administrative tasks. Ultimately, managers play a critical role in helping organizations achieve their goals by leading their teams effectively.
The manager should provide guidance and direction, but the team should also take ownership of their work and contribute to the overall success of the organization.
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what factors increase the depth and duration of a consumer's information search? (select all that apply) multiple select question. little past experience and knowledge
Factors increase the depth and duration of a consumer's information search are : E.Little past experience and knowledge. The other factors are as follows -
1)High perceived risk associated with the purchase decision
2)High perceived financial investment required for the purchase
3)High perceived personal relevance or importance of the purchase decision
4)Complex or unfamiliar product or service
5)Availability of a wide variety of similar products or services.
6)Difficulty in evaluating the quality or effectiveness of the products or services
7)Lack of information or uncertainty about the product or service.
Hence from all the given options
Hence option b . Little past experience and knowledge of the product. is correct.
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The question is incomplete, the complete question is:
""Which of the following factors increase the depth and duration of a consumer's information search? (Check all that apply.)
A. High risk involved with making a wrong decision
B. Little past experience and knowledge of the product
C. First-hand knowledge of the product
D. Frequent, repetitive buying habits"
ledio and isabel are considering purchasing a new car. the car will cost $30,000. they plan to borrow the entire amount of the car purchase. by how much will their net worth increase or decrease (2 pts)
The net worth will not change since the assets and liabilities are the same.
What is Net worth?Net worth is a term used in the field of commercial real estate to describe the projected rate of return on an investment property.
Net worth is produced using the predicted net income from the property and is expressed as a percentage by dividing net operating income by the estimated property assets value. The probable return on the investor's real estate investment is calculated using this method.
Net worth is a quick way to compare the relative values of comparable real estate assets on the market, but since it ignores leverage, it shouldn't be relied upon as the only metric to gauge the strength of an investment.
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on january 1, 2022, a company issued $401,500 of 10-year, 12% bonds. the interest is payable semi-annually on june 30 and december 31. the issue price was $451,536 based on a 10% market interest rate. the effective-interest method of amortization is used. what is the book value of the bond liability as of june 30, 2022 (to the nearest dollar)?
The interest is due on June 30 and December 31 of each year, twice. Based on a 10% market interest rate, the issue price was $416,903.
Is it good to be called based?
Calling someone "based" in internet discourse essentially indicates that they are brave, innovative, and untainted by popular culture. No matter how unpopular they may be, they won't alter their manner, viewpoints, or moral principles. A "based" person is comparable to "a real one," in that sense. These two words are significant because they signify a contrast. Something that makes you cringe is something that you find disgusting, unsettling, distasteful, or annoying. The opposite of cringe, on the other hand.
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with her resources sally can produce 36 units of good x or 108 units of good y. what is her opportunity cost of producing 6 units of good x? round your answer to two decimal places.
Sally's opportunity cost of producing 6 units of good x would be 18 units of good Y.
The opportunity cost of producing 6 units of good X is 18 units of good Y. This is because for every 6 units of good X that Sally produces, she has to give up 18 units of good Y. Therefore, the opportunity cost of producing 6 units of good X is 18 units of good Y. Opportunity costs represent the implicit benefits that an individual, investor, or business misses out on when choosing one volition over another. Because opportunity costs are unseen by description, they can be fluently overlooked. Understanding the implicit missed openings when a business or existent chooses one investment over another allows for better decision timber. Opportunity cost analysis plays a pivotal part in determining a business’s capital structure. A firm incurs an expenditure in issuing both debt and equity capital to compensate lenders and shareholders for the threat of investment, yet each also carries an opportunity cost.
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while working on a customer issue, your colleague calls and asks for help to resolve their issue. what should you do?
While dealing with a customer issue, our colleague calls and requests help to determine their issue we ought to Request the colleague to call after sometime.
While dealing with a client issue, your colleague calls and requests help to determine his issue. What ought to be done is to "Solicitation the associate to shout toward some time."
This is because in circumstances like that, it is accepted that the client ought to start things out, and that is the reason for being there. For the workers to serve the client. A partner can undoubtedly interface up with different representatives to get his issues arranged, or just pause.
Hence option (B) is correct.
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This question is not complete , here I am attaching the complete question:
While working on a customer issue, your colleague calls and asks for help to resolve his issue. What should you do? A. Go ahead and resolve his situation first B. Request the colleague to call after sometime C. Work on both the issues at the same time D. Tell your colleague to work on his own.
How would l sound more confident by saying I am so confused on what is cold and what is hot.
Voices that are at ease sound assured. Deeper tones are simpler to hear and comprehend. Remember that due to physiological strain, the majority of people speak at a pitch that is excessively high.
What is confidence?Being clear-headed about whether a theory or prediction is true or whether a particular course of action is the best or most effective is the state of confidence. Since the Latin word "fidere" for "to trust" is the root of the English word "confidence," having self-confidence is the same as having faith in oneself.
Being confident is having a realistic, comfortable sense of self-assurance in both your abilities and judgment. Feeling superior to others is not a prerequisite for confidence. It's a subdued inner conviction that you can.
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which of the following was not a grievance of the farmers' alliance and the populists? a inadequate government response to the plight of ordinary farmers b excessive power of the labor unions c excessive interest rates d excessive power of the banks and railroads
The correct answer is b, too much union power. The Farmers' Alliance and the Populists were coalitions of American farmers and laborers in the late 1800s who sought to address various issues, especially those related to the economy.
Their grievances included inadequate government response to the plight of ordinary farmers, excessive interest rates, and excessive power of banks and railroads. However, they did not include excessive union power, as the labor movement was not yet a significant force at the end of the 19th century. The Farmers' Alliance and the Populists advocated for the protection of the rights of farmers and workers and supported the creation of America's first labor unions.
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after john buys two boxes of macaroni and cheese at the grocery store with a five dollar bill, the store is better off because it has more money in the register and the consumer is better off because he has more food in his pantry. this is an example of which of the core aspects of marketing?
After John buys two boxes of macaroni and cheese at the grocery store with a five dollar bill. This is an example of marketing entails exchange between buyer and seller.
A marketing exchange occurs when two or more persons trade goods or services. Every deal is expected to yield "utility" in marketing theory, which means that the value of what you trade is less than the value of what you gain from the trade.
Of course, in the actual world, all interactions are far more intricate. Utility is what drives consumers to participate in a marketing exchange. Both parties must, in theory, receive more than they provide.
For example, the man purchasing the cup of coffee is more motivated to drink coffee than he is to keep his money, therefore he benefits from the exchange.
However, the coffee shop owner benefits from the transaction as well because the amount she receives for the cup of coffee is larger than the coffee's value, allowing her to make a profit.
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bigburger is a national fast food chain. they sell meal deals but recently have convered about pricing and profitablity of their meals. the unit variable costs for each meal deal is 2.09 and a meal is sold to the cusotmer for 4.59 the average number of meals sold per day is 1089. what is the margin percent per meal?
Plaintiffs claim that the defendant restaurants defrauded them by charging more than was indicated for various meal arrangements in the lawsuits.
What kind of rivalry is there in the restaurant business?competitive with monopolies
The restaurant business, which is monopolistically competitive on a national scale, serves as an illustration. The majority of places have numerous, diverse businesses where access is simple. There are many similar products that are sold by many companies, including other restaurants and fast-food outlets, for each product.
What kind of rivalry is McDonald's?Competition Answered: Monopolistic Competition
There are other fast food vendors, so there cannot be a monopoly in the market. Due to the large number of fast food vendors, it is also not an oligopoly. Instead, the market features numerous vendors with a variety of goods, making it a
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Nickamigo County is preparing financial statements for the fiscal year ended June 30, 2019. Based on the following facts, prepare journal entries to record the appropriate year-end expenditure accruals in the county’s General Fund
So that expenses are not twice counted when paid in the next fiscal year, the accruals for the prior fiscal year must be reversed from the balance sheet.
What is a journal entry for accumulated expenses?An adjustment at the end of the year is a journal entry for accumulated expenses, records the costs incurred during the current year but not paid until the following year.
What is the accrued revenue journal entry?Adjusting entries are made at the conclusion of an accounting period to recognise sales transactions that happened during that accounting period but were not yet billed. These adjustments are known as accrued revenue journal entries.
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all categories of stakeholders have the same expectations in the software design group of answer choices true false
This statement is False. Different categories of stakeholders in a software design group may have different expectations. Stakeholders include customers, the development team, management, shareholders, and others who have a vested interest in the product's success.
Each of these stakeholders will have different expectations of the software design team and the product they create. Customers can expect a product with a user-friendly interface, while shareholders can expect a product with a high return on investment. The development team may expect the product to have certain features and be delivered on time, while management may expect the product to meet certain quality standards.
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Which fire extinguisher can damage electronic components?
A dry chemical fire extinguisher can damage electronic components.
What is fire extinguisher?
A fire extinguisher is a device used to put out fires. It is a portable cylinder-shaped container filled with a pressurized extinguishing agent. The most common type of fire extinguisher is the dry chemical extinguisher, which contains a dry chemical powder, such as monoammonium phosphate, that is expelled as a fine spray. Other types of fire extinguishers include CO2 (carbon dioxide) extinguishers, water extinguishers, foam extinguishers, and wet chemical extinguishers. Fire extinguishers can be used to extinguish small fires before they become large and out of control. They should be kept in easily accessible places and checked regularly for proper operation. Fire extinguishers can save lives and property and should be used only when it is safe to do so.
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