The lower the consumer demand for a product, the more price-sensitive consumers become, the higher the reservation price of buyers, and the more consumers seek alternatives to a product.
Also known as a marginal benefit, there is a marginal utility for each additional unit purchased for consumption after the initial unit was purchased. The term utility is used to describe the satisfaction attributed to the units consumed by the consumer.
Marginal benefit is the maximum amount a consumer is willing to pay for an additional good or service. Consumer satisfaction tends to decline as consumption increases.
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complete your slideshow and share it with your team. once it is approved by your supervisor, you begin preparing to give your presentation. you consider maintaining good posture, being aware of nervous habits, and making eye contact. in addition, you think about how you will speak. what strategies can help you speak effectively? select all that apply. 1 point speaking quickly so you are sure to have time to include all important data points building in intentional pauses to give your audience time to think about what you have just said keeping the pitch of your sentences level so that your statements are not confused for questions using short words and sentences
Some strategies you can use to help you speak effectively include:
building in intentional pauses to give your audience time to think about what you have just said keeping the pitch of your sentences level so that your statements are not confused for questions using short words and sentencesHow to speak effectively in presentations?When presenting, there is no need to rush through as your audience might not understand. Rather, speak at a moderate pace, build in intentional pauses. This allows your audience time to think of what you said.
You should also keep the pitch of your sentence level so that you won't confuse your audience by making them wonder if you're asking a question.
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which of the following best describes a limitation of hedging payables? the results of a money market hedge on payables are not known beforehand and are subject to high exchange rate risk. hedging payables for an uncertain amount of currency can lead to unforeseen losses. the results of a forward hedge on payables are not known beforehand and are subject to high exchange rate risk. a currency call option on payables requires the mnc to purchase that currency
Option 2 (a currency call option on payables requires the MNC (multinational companies) to purchase the currency) is the correct answer.
The acquisition of foreign currencies is a future contract. A currency call option occurs when a multinational company borrows its home currency and converts it into foreign currency that will be needed in the future. This is an example of how hedging tactics can be employed in the money market. The hedging payable on call option would not be feasible if MNC is unable to borrow local currencies and does not convert them into foreign currency. The MNCs are required to buy domestic currencies in order to hedge their payables with currency call options.
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test the joint significance of model 1 at the 5% level. for credit you must be certain to show all olf the steps needed to formally conduct teh test
the model 1's combined significance at the 5% threshold A succession of s n may or may not result in the same conclusion, so you must be sure to illustrate all of the procedures for credit.
Are importance and significance the same?While "importance" and "significance," based on the thesaurus, are frequently used synonymously, a research conclusion might be statically important but not necessarily noteworthy. In contrast, a study's findings could be significant even if the P value does not meet the threshold for statistical significance.
Does impact imply significance?This indicates that the individual might well have requirements across multiple of the eligible outcomes, possibly at the a fairly low rate, and as these needs increase, they may have a significant influence.
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ronald is a cash-method taxpayer who made the following expenditures this year. which expenditure is completely deductible in this period as a business expense?
ronald is a cash-method taxpayer who made the following expenditures this year. correct answer is $55 to collect an account receivable from a customer who has failed to pay for services rendered.
Why use the cash method?In general, when using the cash method, you must declare income in the tax year in which it is received and deduct expenses in the tax year in which you incur them. Regardless of when payment is received, you typically record income under the accrual method in the tax year it is earned.
It's simple to record income and expenses using the cash accounting system. The company does not recognize income until the money is actually received. For instance, if a business signs a contract for $100,000, income is realized when the money is actually handed over.
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If you buy the toaster pastries at a discount store, you will pay about for each package. in this case, the lowest price per package is offered by the .
The best deal will be to purchase the item from the discount shop, according to the information provided.
The definition of a discount shopA discount store is a type of retail business that sells things for less than what similar businesses would typically charge. Some cheap shops are analogous to department stores because of the wide range of goods they offer; in fact, some are known as discount department shops.
In the first statement, it is stated that we must pay a certain amount for each package of toaster pastries if we purchase them from a cheap retailer. The possibilities given are $0.44, $0.54, and $0.88.
The least expensive of them is $0.44.
We are questioned about who is providing the lowest price per package in the second statement.
The bargain shop
It should be obvious that the proper choices are $0.44 for the first blank and discount store for the second blank since both blanks compliment one another.
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The correct question is:
If you buy the toaster pastries at a discount store, you will pay about _____for each package.
In this case, the lowest price per package is offered by the______
The options for the first blank are:
$0.44, $0.54, $0.88
Options for the second black are:
vending machine, discount store, bulk warehouse store
if the state of washington's government collects $75 billion in tax revenues in 2013 and total spending in the same year is $74.8 billion, the result will be a:
The state of washington's government collects .A budget surplus will result if the state of Washington's government receives $65.8 billion in tax income in 2013 and spends $74.8 billion overall in the same year.
A budget surplus happens when income exceeds expenses. As opposed to a "budget surplus," citizens have "savings," hence the expression typically alludes to a government's financial stability.surplus is evidence of a government's capacity to effectively manage its finances.When a government has a surplus, the extra funds are available for investment or debt repayment. A budget surplus occurs when there are more resources in the budget than expenses. When the federal government spends more than it collects, a budget deficit results.
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Jay Corp. began the year with a $153,000 balance in the accumulated depreciation account. The ending balance was $197,000. During the year a piece of equipment with $15,000 in accumulated depreciation was sold. Therefore, the depreciation adjustment that Jay needs to add to net income is $__________.
the depreciation adjustment that Jay needs to add to net income is
$197,000 - $153,000 + $15,000 = $59,000
What Relationship Exists Between Accumulated Depreciation and Depreciation Expense?
Depreciation expense is the amount that has been depreciated for a single period, whereas accumulated depreciation is the total amount of assets that a company has depreciated. Depreciation is a type of accounting entry that shows how much an asset costs less over the course of its useful life.
Depreciation, in other words, allocates how much of an asset has been used up in a year until the asset is obsolete or no longer in use while spreading out the cost of the asset over time. Without depreciation, a business would have to pay the full cost of an asset in the year it was bought, which might have a negative effect on profitability.
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your clients is trying to decide whether to invest in or . they ask you, as an accouting exper, to make an analysis of the company for them
Financial statements give a detailed picture of a company's financial situation at a specific period and shed light on its accounting, profitability, cash flow, and general health.
When it comes time to cast a vote on business issues, shareholders especially require financial statements to make educated decisions about their stock investments.
Shareholders can evaluate the equity of a company using a number of different tools. They should assess their stocks using multiple measurements rather than just a few in order to make better judgments.
The indicators that are offered include pricing ratios, profitability ratios, liquidity ratios, debt ratios, and efficiency ratios. Shareholders can evaluate the equity of a company using a number of different tools.
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what was essential to the growth of suburbs? a. television b. movie theaters c. farmers markets d. integration e. cars
Farmers markets was essential to the growth of suburbs. A farmer is a trained agricultural expert who rears living creatures or plants. They could produce food, raw materials, or animal products.
They can concentrate on specific agricultural sectors, such as dairy or flowers. Farmers can sell their goods to customers directly at a farmers market, typically from the back of their trucks. Fresh fruits and vegetables, as well as fish, meat, and dairy products, can be found in many markets. One of the few low-barrier entry points for starting farmers is a farmers market, which enables them to start small, test the market, and expand their operations. Encourage regional economies.
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g which of the following statements about the income statement and the balance sheet is true? the income statement and balance sheet both reflect one accounting period at a time. the income statement reflects one accounting period while the balance sheet reflects the life of the business. the income statement and the balance sheet both reflect the life of the business. the balance sheet reflects one accounting period at a time while the income statement reflects the life of the business.
The income statement reflects one accounting period while the balance sheet reflects the life of the business. This statement is true about the income statement and the balance sheet.
A balance sheet provides information about a company's finances at a certain point in time (end of fiscal year or quarter). An income statement shows a company's operational outcomes over time (a fiscal year or quarter).
The income statement's bottom line, net income, connects to the balance sheet and cash flow statement. It flows into retained earnings on the balance sheet, and on the cash flow statement, it serves as the beginning of the cash from operations column.
An income statement analyses a company's profit or loss over time, whereas a balance sheet depicts the company's financial situation at a particular point in time.
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What are Swot analysis threats?
Answer: Threats in SWOT are areas with the potential to cause problems.
Explanation: Different from weaknesses, threats are external and out of your control. This can include anything from a global pandemic to a change in the competitive landscape.
advertisers in the 1960s innovated by beginning to emphasize which of the following traits as a means of selling products?
Advertisers in the 1960s innovated by emphasizing rebellious and individualistic characteristics as a means of selling products.
A person or company that pays for a product, event, or job to be advertised online, in a newspaper, on television, or on a poster is known as an advertiser.
Duties of as an advertiser may include conducting market research, working with the sales and design teams to develop targeted ad campaigns, reviewing multimedia ads to ensure a consistent brand voice, and keeping track of the success of ad campaigns to calculate return on investment and guide future marketing.
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ryan deposited $8,000 at national bank at 6% interest compounded quarterly. what was the effective rate (apy)?
Jim Ryan placed $8,000 at a bank with 6% interest compounded quarterly, which resulted in an effective yearly rate of 6.14%.
What is the annual effective rate?When the effects of compounding over time are taken into account, it represents the actual return on a savings account or any investment that pays interest. It also displays the actual percentage rate of interest owed on any outstanding debts, including credit card debt and loans.
What exactly are the nominal rate and effective rate?Said interest rate is another term for nominal interest rate. Simple interest is used to calculate this interest; compounding periods are not taken into account. The effective interest rate is the one that takes into account the compounding times throughout a payment schedule.
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the rac is a program that came out of an unsuccessful demonstration program that used recovery auditors in healthcare settings to look for overpayments and underpayments and help with identifying future improper payments and lowering the overall error rate for processing a medicare claim. true or false
The following statement "the rac is a program that came out of an unsuccessful demonstration program that used recovery auditors in healthcare settings to look for overpayments and underpayments and help with identifying future improper payments and lowering the overall error rate for processing a medicare claim' is False.
The Social Security Administration (SSA) launched the Medicare national health insurance programme in 1965. The Centers for Medicare and Medicaid Services presently oversees the program (CMS).
In addition to certain younger persons with disability status as assessed by the SSA, such as those with end-stage renal illness and amyotrophic lateral sclerosis, it primarily provides health insurance for Americans aged 65 and older. According to the 2019 Medicare Trustees Report, more over 59.9 million people received health insurance via Medicare in 2018, including over 52 million seniors and nearly 8 million younger people.
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12 years ago, delmar bought a car with a down payment of $4800, and a loan in the amount of $16,500, including the interest amount. then delmar sold the car for $7200. how much did driving this car cost delmar per year?
The driving cost per year of Delmar is $1175
A down payment is a sum of money that a buyer pays at the beginning of a pricey good or service purchase. A portion of the total purchase price is covered by the down payment, and the buyer frequently takes out a loan to cover the balance.
Down payment of the car = $4800
Loan on the car = $16,500
The selling price of the car = $7200
Number of years = 12 years
Total used value = Down payment of the car + Loan on the car - Selling price/Number of years
= 4800 + 16500 - 7200/12
= $1175
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Georgina, Inc. makes one product and it provided the following information to help prepare the master budget for the next three months of operations: - The budgeted selling price per unit is $130. - Budgeted unit sales are: - April - 10,200 units - May - 12,600 units - June - 8,600 units - The ending finished goods inventory equals 20\% of the following month's sales. - The ending raw materials inventory equals 15% of the following month's raw materials production needs. Each unit of finished goods requires 3 pounds of raw materials. The raw materials cost $5.00 per pound. - June's total pounds required for production is 20,200 . (Hint: you need this to compute desired ending inventory for Direct Materials Budget) Prepare a sales budget, production budget, direct materials budget for the month of May. (Enter only numbers, do not include any words, such as 'units'. Use \$ for amounts in dollars, and do not use a \$ for amounts in units. And use only whole dollars, no cents. Also, include the comma for to separate the thousands, i.e. 20,000) Sales Budget - May
Expected sales (units)
Sales price per unit
Total sales revenue
Production Budget - May
Expected sales (in units)
Desired ending inventory
Total required units
Beginning inventory
Required production
Direct Material Budgets - May
Units to be produced
Direct material per unit
Total pounds needed for production
Desired ending inventory
Total material required
Beginning inventory
Pounds of direct material purchaser requirements
Cost per pound
Total cost of direct material purchase
June sales: $ 8,600 × 20%= $ 1720May sales: $ 12,600× 15% =189 Total cash collections $ 1909.
Total Cash is the sum of all cash and cash equivalents held by the Consolidated Group, whether they are held as collateral, in escrow, or were acquired through like-kind exchanges (including cash from like-kind exchanges on deposit with a qualified intermediary). In order to calculate cash per share, a company's cash flow must be divided by the total number of outstanding equity shares. Cash per share tells us how much of a company's stock price is available for shareholder dividends, corporate growth, debt reduction, and other advantageous projects.
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when tammy moves into coco condominiums, she tells her property manager that she has specially trained dog that performs tasks to assist her with her disability. what type of animal is tammy's dog?
Service dogs are canines that have been specially trained to carry out duties for the benefit of individuals with various disabilities, including physical, mental, sensory, intellectual, etc.
What are Service dogs?
There are numerous descriptions of service animals. Service dogs are "privately trained dogs who do work or support mechanisms for people with disabilities," as stated in the Americans with Disabilities Act. Since at least 1927, dogs have helped people, making them the most popular type of service animal.
Regional laws governing service animals differ. For example, in Japan, regulations establish criteria for training and certification for service animals. In public spaces where pets are typically prohibited in the United States, service animals are typically permitted. The US Fair Housing Act and the US Air Carrier Access Act, among others, acknowledge the assistance an animal can provide to a disabled owner. Various laws and regulations may more broadly define "service animal,"
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easy life manufactures a wide range of kitchen appliances, healthcare products, and cosmetics. its salespeople are divided on the basis of their expertise in a product category. again, within each category, they are divided into teams addressing large retail customers, convenience stores, and the general public. which of the following sales-force structures has most likely been combined to form this complex sales-force structure?
The sales-force structure that may be combined to create this intricate sales-force structure is product and market.
A salesforce organization where salespeople specialize in selling primarily to particular clients or sectors is known as a customer sales force structure. An increasing number of businesses are increasingly structuring their sales forces according to certain customers or industries.
Although there are functional units that are nominally under the management of a designated executive, Salesforce follows hierarchies less strictly than other major companies in its day-to-day operations.
Companies must decide on the size of the sales force once the framework has been developed. The size of the sales force is influenced by the size of the market and the number of clients. Designing the sales force's salary is the next phase. For salespeople, compensation is a major motivator.
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qv-tv, inc. provided the following items in their footnotes for the year-end 2010: cost of goods sold was $22 billion under fifo costing and their inventory value under fifo costing was $2.1 billion. the lifo reserve for year-end 2009 was a $0.6 billion credit balance and at year-end 2010 it had increased to a credit balance of $0.8 billion. how much is the 2010 lifo cost of goods sold?
$1.3 million is the 2010 life cost of goods sold.
Under FIFO costing:
Cost of goods sold = $22 billion
Inventory = $2.1 billion
LIFO Reserve for year-end 2018 = $0.6 billion
At year-end 2019 it had increased to $0.8 billion
Ending inventory (LIFO) = Ending inventory (FIFO) - Ending period LIFO reserve = $2.1 billion - $0.8 billion
= $1.3 million
In economics, a commodity is an object that satisfies a human need and provides utility to consumers and others who purchase satisfying products. A distinction is generally made between transferable goods and non-transferable services.
The basic type of product depends on whether it is excludable, non-excludable, competing, or non-competing. Excludable goods are goods that you have to pay for, and non-excluded goods are free for everyone. The supply of competing goods is finite, but the supply of non-competing goods is unlimited.
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which statement is not an example of adverse selection? a person does not buy a car alarm because auto theft is covered in her insurance policy.
The statement is not an example of adverse selection is a person does not buy a car alarm because auto theft is covered in her insurance policy.
When sellers and/or purchasers are privy to knowledge regarding a particular component of a product's quality, adverse selection occurs. Therefore, those who work in hazardous environments or lead high-risk lives are more likely to get life or disability insurance since the likelihood that they will use it is higher.
An applicant receiving insurance at a price that is lower than their actual degree of risk is known as adverse selection in the insurance industry. Adverse selection in insurance occurs when a person with a nicotine addiction receives insurance at the same price as a person without a nicotine addiction.
The given question is incomplete, the complete question is:
Which statement is not an example of adverse selection?
A. Relative to all cars with similar observable characteristics, those in the used car market are less reliable.
B. Individuals who expect more health problems are more likely to buy generous health insurance policies.
C. A person does not buy a car alarm because auto theft is covered in her insurance policy.
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people who work in farms tend to have thicker calluses on their hands than those who do not pursue farming, as they use their hands for most physical activities. this is an example of .
People who work on farms have bigger calluses on their hands than those who do not work on farms because they use their hands for the majority of physical activity. This is an illustration of evoked culture. Thus, the correct answer is evoked culture.
What does the Evoked culture imply?Evoked cultural behaviors are the results of common psychological mechanisms in reaction to local environmental signals, according to Fessler et al. Cultural behaviors that are transmitted are those that are learned from one's social group, independent of context. Because natural selection has changed the human psyche to respond adaptively to varied surroundings, evoked culture is fundamental to Evolutionary Psychology. Transmitted culture is based on our developed mind, but it spreads by "cultural evolution" rather than genetic evolution. As a result, studying evoked culture may fall within the purview of evolutionary psychology, just as studying transmitted culture falls under the purview of cultural evolution, social psychology, and other fields.
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identify with demand and supply shifts the impact of the following events on stock prices: a. a federal court finds guilty of antitrust violations. which way (right or left) did g
The event of a federal court finding guilty of antitrust violations could potentially have a negative impact on stock prices.
This is because the guilty verdict could result in fines and other penalties being imposed on the company, which could potentially reduce its profitability and lower its stock prices.
Additionally, the negative publicity surrounding the event could lead to a decrease in investor confidence in the company, leading to decreased demand and lower stock prices.
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the time component under time-and-material pricing includes a o profit margin. o loading charge. o charge for receiving, handling, and storing materials. o portion of the materials clerk's wages.
The time component under time-and-material pricing includes profit margin.
According to the cost of labor per hour and the cost of the materials used, time and material pricing is a way of paying the project owner. Normally, hourly rates, equipment rental fees, material expenses, and markups for any subcontractors are all pre-agreed upon.
Simply add the cost of the time utilized to the cost of any materials that need to be acquired to get the price that a firm will pay for working with a supplier who uses a time-and-material pricing scheme.
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Defensive medicine: group of answer choices solves the moral hazard problem. Is the same as preventive medicine. Increases the demand and costs for health care. Solves the principal-agent problem
The correct option is C. Defensive medicine Increases the demand and costs for health care.
shielding medicine, also known as protective scientific decision-making, refers to the exercise of recommending a diagnostic test or medical treatment that isn't necessarily the best alternative for the affected person but specifically serves to guard the doctor against the affected person as an ability plaintiff. shielding medicine is a response to the rising expenses of malpractice coverage premiums and sufferers’ biases on suing for ignored or behind schedule prognosis or remedy however now not for being overdiagnosed.
Theoretical arguments based totally on utilitarianism finish that protecting medicinal drugs is, common, and dangerous to sufferers. Malpractice fits are regularly visible as a mechanism to improve the pleasant of care, however, with custom-based totally liability, they genuinely obstruct the translation of proof into practice, harming patients and lowering the exceptional of care. Tort law in many countries and jurisdictions no longer best discourages but actively penalizes physicians who exercise evidence-based medication.
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what was one of the problems with justifying changing traditionally non-white characters into white characters by appealing to the need to have marketable stars as leads?
The one issue was that because most roles are for white characters, it is extremely difficult for non-white actors to achieve the level of "fame" that is supposed to drive such casting decisions.
In a film, play, or opera, a role is one of the characters that an actor or singer can play. Casting is a pre-production process that involves selecting actors to play specific roles in a TV show, movie, commercial, or play.
A bit part is a minor acting role with few or no lines in a play, TV show, or film. When an actor transforms a minor role into an interesting and memorable character, it can serve as a launching pad for a successful acting career.
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seamus industries inc. buys and sells investments as part of its ongoing cash management. the following investment transactions were completed during the year: feb. 24 acquired 1,200 shares of tett co. stock for $82 per share plus a $140 brokerage commission. may 16 acquired 2,600 shares of issacson co. stock for $35 per share plus a $105 commission. july 14 sold 400 shares of tett co. stock for $100 per share less a $80 brokerage commission. aug. 12 sold 710 shares of issacson co. stock for $33.00 per share less an $85 brokerage commission. oct. 31 received dividends of $0.40 per share on tett co. stock.
ournalize the entries for the transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
1
2
3
4
5
6
7
8
9
10
11
12
The entries for the transactions, Investment-Company and divedends.
A dividend is a distribution of profits via a corporation to its shareholders. while a organisation earns a income or surplus, it is able to pay a part of the income as a dividend to shareholders. Any amount now not allotted is taken to be re-invested in the commercial enterprise.
Date Accounts and Titles Explanation Debit Credit
Feb. 24 Investment-Company T 98,540
Cash (1,200 * $82 + $140) 98,540
May 16 Investment-Company | 91,105
Cash (2,600 * $35 + $105) 91,105
July 14 Cash (400 * $100 - $80) 39,920
Investment NO Variable ($98,540 * 400 / 1,200) 32,846.67
Gain on Sale of Investment 7,073.33
‘Aug. 12 Cash (710 *$33 - $85) 23,345
Loss on Sale of Investment 1,533.67
Investment No Variable ($91,105 * 710 / 2,600) 24,878.67
Oct. 31 Cash [(1,200 - 400) * $0.40] 320
Dividend Income 320
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Which report summarizes the overall financial worth of an organization, such as assets and liabilities, at a specific point in time?.
A balance sheet is a report that summarizes the overall financial worth of an organization, such as assets and liabilities, at a specific point in time.
What doess Balance sheet means?
A balance sheet is a financial statement that summarizes the assets, liabilities, and shareholder equity of a company at a given point in time. These three balance sheet segments inform investors about the company's assets and liabilities, as well as the amount invested by shareholders.
What does Liabilities mean?
Liabilities are an entity's financial obligations, such as debts, bills, or unpaid taxes. They are frequently referred to as an entity's "debt," and they can include both short-term and long-term liabilities. Liabilities are recorded on a company's balance sheet, which is a financial document that shows the assets, liabilities, and owners' equity of the company.
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technical trainer abc university, alphabetville, new jersey position summary: the technical trainer will be responsible for training and assisting faculty, staff, and students in successfully putting software and technology to work in teaching, research, learning, and administration. this position requires one to imagine, design, and deliver quality online course materials and activities and to keep those materials current with new technological developments. additionally, the person in this position is responsible for the development of training materials and the supervision and delivery of various software training for students, faculty, and staff. qualifications: bachelor’s degree is required. four or more years of software training experience is required. master’s preferred with emphasis on communication, instructional design, instructional technology, or equivalent, but not required. skills and abilities: previous experience developing and coordinating a training curriculum is required. excellent communication skills, both written and oral, and an enthusiasm and empathy for those who struggle to develop technological learning / teaching competencies are required. experience with commercial software platform training, office productivity software (ex: ms office), and windows operating systems is required. prior experience in instructional design is a plus. what skills, qualities, and qualifications should applicants highlight in their résumés for the technical trainer position? check all that apply. accounting and bookkeeping experience
Here are the skills qualities and qualifications that applicants should highlight in their resumes for technical trainer positions:
Delivering online course materialsDeveloping training materialsSupervising and delivering software trainingAbility to use knowledge effectively and spontaneously in execution or performance. Dexterity or coordination especially when performing learned physical tasks. At the end of the conversation focus on clarity over technical depth suggested
Fight the urge to dig deep into technology. Also, avoid jargon and buzzwords. If in doubt, ask the interviewer if they answered your question. My organizational and time management skills are very good, but my greatest strength is my ability to effectively manage multiple projects and deadlines.
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when sponsors enter into partnerships with sport organizations, they must realize that additional activation spending will be required to leverage the sponsorship effectively. group of answer choices true false
When sponsors enter into partnerships with sport organizations, they must realize that additional activation spending will be required to leverage the sponsorship effectively. So, the given statement is True.
The act of monetarily or by the giving of goods or services supporting an occasion, activity, person, or organisation is known as sponsoring something (or someone). The sponsor is the person or entity that offers the support; it functions similarly to a benefactor. Sponsorship is the payment of money or goods in exchange for access to a property's commercially exploitable potential (usually in the fields of sports, the arts, entertainment, or charitable causes).
Contrary to generosity, sponsorship is carried out with the hopes of generating a financial profit, even when the sponsoree (the item being sponsored) may be a nonprofit.
While sponsorship can boost brand recognition, purchasing propensity, and awareness, it differs from advertising in these ways. Sponsorship cannot convey specific product features, in contrast to advertising. It also cannot serve as sponsorship on its own.
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if supply and demand are not moving, but consumers are responding to increasing prices, what situation is being eliminated in the market for that good? (3 points)
The market will be moving away from equilibrium if neither supply nor demand are changing but consumers are responding to rising prices.
We must first understand the laws of supply and demand in order to comprehend market equilibrium. Remember that the rule of demand states that when the price falls, consumer demand increases. Similar to this, the law of supply states that manufacturers supply less as prices drop.
The equilibrium on a graph is the location where the supply and demand curves intersect. The only price at which consumer and producer desires coincide is equilibrium, or when the quantity of the good that consumers want to buy (quantity demanded) equals the quantity that producers want to sell (quantity supplied). The equilibrium quantity is that amount that both parties seek equally. Any other price causes the market to be out of equilibrium since the amount requested does not match the quantity supplied. The previous considerations of surpluses and shortages should have made it abundantly evident that if a market is out of equilibrium, market forces will drive it toward equilibrium.
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