The Boston Beer Company would benefit most from investing in a firm that produces flavored lemonade and has a burgeoning clientele. Therefore, choice B is the right one.
Gaining notoriety is the main goal of Boston Beer's strategy. The origins of the company's competitive edge may be traced to its ability to produce quality beer with distinctive flavors, its market-driven mindset, and its extremely effective contract brewing strategy.
One of the biggest American-owned brewers, the Boston Beer Company, is well known for its Samuel Adams line of all-malt beers. To gain input on suggested light beer offers and spot any potential issues, taste testing might be conducted.
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A common ethical dilemma faced by the management of Wheel Deals Corporation involves the effect that its decision will have on
a. one group as opposed to another.
b. the firm's competitors.
c. the government.
d. all of the choices.
The management of Wheel Deals Corporation frequently wrestles with ethical decisions including the impact of their choices on one group vs another. Hence the correct option is A.
An ethical dilemma is one in which a decision must be made between two or more morally right options or between equally wrong courses of conduct when making one decision precludes making the other.
The degree of ethical behaviour in a company is influenced by a variety of individual, societal, and opportunity elements.
The knowledge stage is the initial stage. It starts before you have to make an ethical choice. As suggested by the stage's name, this one is focused on understanding many factors that influence how ethical decisions are made.
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Tammy installs a very nice front garden, raising the property values of all the other houses on her block
Tammy installs a nice front garden, raising the property values of all the other houses on her block. This is a positive externality
An advantage that a third party receives as a result of an economic transaction is known as a positive externality. Positive externalities are benefits that someone enjoys without having to pay for them because they result from the actions of others.
In this given case, Tammy's choice to add a lovely front garden has raised the value of the other homes on her block. The other homeowners also profit from this, even though they didn't have to pay for or contribute to the garden's installation. As the overall benefits of positive externalities are not reflected in the price of the product, this can result in market inefficiencies and underproduction of the commodity.
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a call center has adopted an expansionist strategy. it has taken on a number of big contracts from clients and is on a tight schedule to supply customer support services by the deadlines promised. which of the following statements, if true, will result in the staffing goals being best aligned to the organizational strategy? A. As many applicants should be hired as possible to get the needed number of employees quickly.
B. Only the best talent be selected even if it takes a lot of time to hire.
C. The compensation offered should be higher than the average market rate to attract the maximum number of applicants.
D. The time taken to fill a position should be tracked for each recruiting source and the fastest possible source of at least minimally qualified talent should be utilized.
The quickest source of talent with at least minimal qualifications should be used will be the best organizational strategy. The time it takes to fill a position should be tracked for each recruiting source.
The steps a business expects to take to accomplish long-term goals make up its organizational strategy. The strategic strategy of a corporation is comprised of all of these actions. Strategic plans require participation from all levels of the organization and take at least a year to develop. While upper management develops the overall organizational strategy, middle and lower management adopt goals and plans to implement the strategy piece by piece.
This collaborative effort can be compared to a voyage. To finish successive legs of the journey that ultimately lead to the final destination, daily obstacles like poor road conditions must be overcome.
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Pretend that you own a small coffee shop. You have decided that this year is a good time to grow your business, and you have chosen to do so by acquiring a coffee cup manufacturer across town. This is an example of .
A. vertical integration
B. unrealted diversification
C. related diversification
As a business owner, when you have decided that this year is a good time to grow your business, and you have chosen to do so by acquiring a coffee cup manufacturer across town, this is an example of C. related diversification.
Business growth is an exciting time for all entrepreneurs. When you have decided that this year is the time to expand your business, one of the options at your disposal is related diversification.
This is when you acquire a business in the same industry or one that is closely related. An example of this could be a coffee cup manufacturer across town.
When you choose to diversify your business by acquiring a company in a related industry, you gain access to new markets, increased production capabilities, and the potential to increase your profits.
With related diversification, you can jumpstart your business growth journey and be well on your way to achieving your goals.
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when exporting an r markdown file, which of the following file types can you knit to?
When exporting a R markdown file, the following file kinds are available: html, pdf, GitHub markup (.md), and more.
What, using an example, is exporting?Exports are the offerings that a nation produces at home, or inside its national borders, and sells to customers outside. Imports, which are products and services that consumers in a nation buy from suppliers abroad, are the polar opposite of exports.
What advantages does exporting have?There are several advantages and possibilities associated with exporting, including: access to additional clients and companies. If you're just operating in this state, you could be cutting down on the overall amount of money you could make from possibilities to grow your company internationally.
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based on the following account balances as of and for the year ended 12/31/x4, compute company a's net income. assets $7, shareholder equity $7, revenues $4, liabilities $7, expenses $5, dividends $9.
Company A's net income is $1.
The formula for Net Income is
Net Income = Gross Income - Total Expenses
To categorize the given information, Assets, Liabilities, and Expenses come under expenses and contribute to Total Expenses
Total Expenses = Assets + Liabilities + Expenses = $7 + $7 + $5 = $19
To categorize the given information, Shareholder Equity, Revenues, and Dividends come under the amount of money earned and contribute to Gross Income.
Gross Income = Shareholder Equity + Revenues + Dividends = $7 + $4 + $9 = $20
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select all that apply from the list below, identify the five groups considered to be a type of watchdog group. multiple select question. union officials customers suppliers environmentalists socially conscious investors wholesalers in the supply chain socially conscious research organizations
The five groups considered to be a type of watchdog group union officials, environmentalists, socially conscious investors.
What is a watchdog group?A watchdog group whose responsibility it is to ensure that businesses do not engage in unethical or reckless behaviour. Consumer watchdogs, consumer protection organisations, or campaigners are individuals or groups that keep an eye on another entity's activities (such as an individual, corporation, non-profit group, or governmental organisation) on behalf of the general public to make sure that entity is not acting improperly or unethically. To keep elected officials accountable, watchdog journalists gather information about the deeds of those in authority and educate the public. This necessitates keeping a certain amount of professional distance from influential people.
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the following transactions occurred during december, the first month of operations for farly company. prepare journal entries and create a t-account for accounts payable that includes the following five transactions. 1 purchased $900 of inventory on account. 2 purchased $200 of inventory on account. 3 paid suppliers $550. 4 purchased $500 of inventory on account. 5 paid suppliers $300.
Skills in communication, education, technical skills, creativity, experience, problem-solving abilities, mental health, and personal resilience are all examples of human capital.
What is an example of human capital Class 9?
Human capital investment is the investment in things like education, training, and medical care.
What are the most important examples of human capital and physical capital?
Inanimate assets like cash, property, job site equipment, and inventory make up physical capital. In contrast, human capital refers to the capabilities, knowledge, and skills of an organization's staff.
Which four types of capital are there?
Working capital, debt, equity, and trading capital are the four main types of capital.
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Suppose that the production of a $30,000 automobile in Canada requires $10,000 worth of steel. The Canadian nominal tariff rates for importing these goods are 25 percent for automobiles and 10 percent for steel. Given this information, the effective rate of protection for the Canadian automobile industry is approximately: -32 percent Suppose an importer of steel is required to pay a tariff of $20 per ton plus 5 percent of the value of steel. This is an example of a (an): -Compound tariff A compound tariff is a combination of a (an): -Specific tariff and an ad valorem tariff If the domestic value added before an import tariff for a product is $500 and the domestic value added after the tariff is $550, the effective rate of protection is: -10 percent When a tariff on imported inputs exceeds that on the finished good: -The nominal tariff rate on the finished product would tend to ove At Ask Expert Tutors Answers in as fast as 15 minutes The offshore assembly provision in the U.S: -Provides favorable treatment to products assembled abroad from
The Canadian automobile industry is effectively protected at a rate of about -32 percent. This is due to the fact that a $30,000 car takes $10,000 worth of steel to produce it in Canada, where the nominal tariff rate for steel imports is 10% but the rate for cars is 25%.
This results in a net reduction in protection for the Canadian vehicle industry because the tariff on steel is lower than the tariff on cars. A duty of $20 per tonne plus 5% of the steel's worth must be paid by steel importers. This is an illustration of a compound tariff, which combines an ad valorem(the 5 percent of the value of steel) and a particular duty (the $20 per tonne). The effective rate of protection is 10% when a product's domestic value added before an import tariff was $500 and domestic value added after the tariff was $550. This is due to the $50 increase in domestic value added, which translates to a 10% increase in the product's value added. The nominal tariff rate on the completed good would likely to overestimate the level of protection for the domestic industry when a tariff on imported inputs is higher than that on the finished good. This is because any protection afforded by the higher tariff on the completed good would be outweighed by the greater cost of manufacturing for the domestic industry caused by the higher input tariff. Products that are assembled abroad from components made in the United States receive preferential treatment under the country's offshore assembly law. This clause permits the reduction or elimination of tariffs on goods that are put together abroad from components made in the United States, incentivizing businesses to buy American components and put them together outside.
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A commercial bank is facing the conditions given above. If the reserve requirement is 12 percent and the bank does not sell any of its securities, the maximum amount of additional lending this bank can undertake isa. $3,009b. $3,005c. $3,000
The circumstances mentioned above affect a commercial bank. The bank's maximum amount of extra lending is $3,000 if the reserve requirement is 12 percent and it doesn't sell any of its securities.
Which commercial bank do you mean?A commercial bank is a type of financial organisation that allows customers to deposit money and provides loans for profit-making investments and consumer spending. A commercial bank exist as a type of financial organisation that offers its clients products and services like loans, CDs, savings accounts, overdraft protection, and other financial products. By providing loans to individuals and collecting interest on those loans, these institutions are able to make money. Public sector, private sector, foreign, and regional rural banks are additional divisions of commercial banks (RRB). In contrast, there are urban and rural categories for cooperative banks. In addition to this, the structure recently added a payments bank.To learn more about commercial bank, refer to:
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the following financial data are for the dental practice of dr. jose ortiz when he began operations in july.
You owe $42,000 to sanderson equipment Company. You have a cash balance of $31,000. You have dental supplies of $11,300. You owe $12,360 to Galaxy Furniture Supply. She has dental equipment for $57,100. She has office furniture for $20,000.
have occurred to the financial statements since they were initially placed…in July 2021, providing an opportunity for all employees Dr. Jose Ortiz, MD is an Internal Medicine Specialist in Jackson Heights,NY and is over 42 years old of experience in the medical field. He graduated to provide students with a vehicle through which to practice analysis. For ease of use, indexOrtiz Co had the following account balances sales $220,000. Cost of goods sold 110,000. Wage and salary expenses 15,000. Amortization expense 30,000. All patients underwent surgery should be remembered that,after the radiation injury,the evolution of the vascular damage and the deterioration of the start of operations in July.
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your director has asked you to prepare another project brief to update the client on a software development application, but you are new to the project. before you begin writing the brief, you realize that you must learn more about this client to ensure that you are targeting your communications to the right audience. you log in to your computer and type the client's name into an online search engine in order to locate the client's website and see if there are any current articles about the company, which helps you to extract some key terms and phrases to accurately reflect the client's vision for the product in the brief. you also jot down on a piece of paper a list of things that you know that you need to include in the product brief, including a few topics and some key points associated with these topics. In this scenario, which of the following pre-writing strategies are applied to transfer abstract thoughts into more concrete ideas? Select all that apply.
Question 6 options:
Asking questions
Brainstorming
Drafting
Searching the internet
Freewriting
Searching the internet, Freewriting and brainstorming are the pre-writing strategies are applied to transfer abstract thoughts into more concrete ideas.
What is freewriting?As a pre-writing approach, freewriting entails jotting down any and all associations, ideas, and thoughts that occur to you without editing or self-criticism. It is a method for coming up with ideas and getting beyond writer's block. It is a period of uninterrupted writing that lasts for a predetermined length, typically between 10 and 15 minutes. The intention is to free the writer from concerns about syntax, organisation, and whether the ideas are sound or not, allowing them to freely explore various concepts and ideas. It can be done using a prompt or on a particular subject. It is a helpful method for idea generation, brainstorming, and identifying fresh angles on a subject.
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a clamping force of 350 lb is applied to the wooden block, determine the normal stresses at points h and k. the clamp cross-sectional dimensions at the section of interest are 1.25in by 0.375in thick.
The normal stresses at points h and k would be 16,430 psi (T) and 14,930 psi (C) respectively.
Normal stress = force ÷ area. As the name suggests, Stress is said to be Normal stress when the direction of the screwing force is vertical to the cross-sectional area of the body. The length of the line or the volume of the body changes stress will be at normal. When the external force acts vertical to the cross-sectional area of any object or a body, it induces stress in those objects or a body to recapture its original shape. The stress so delivered by the vertical action of a force on a given area is called normal stress. Normal forces can be supported by any material, whether fluid or solid. These are forces directed vertical, or normal, to a substance airplane across which they act. The force per unit of area of that airplane is called the normal stress.
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Do you think this was an effective strategy for Pepsi? Do you think this resonated with the Millennial generation?
The campaign significantly increased their positive sentiments and brand equity in the digital domain. Sales for the brand, however, kept declining. Despite the fact that Pepsi may have attracted some new customers as a result of recent publicity, the company's sales continued to decline year over year.
What is brand equity?A brand's value is referred to by the marketing phrase "brand equity." The way consumers perceive and interact with a brand influences its value. A brand has good brand equity if consumers are fond of it. In marketing, brand equity refers to a brand's intrinsic value, or the perceived social value of a well-known brand name. Due to consumers' perceptions that products from well-known brands are superior to those from lesser-known brands, the owner of a well-known brand name can make more money just by virtue of brand recognition.
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15. identify which country has a comparative advantage in the production of cookies and which has a comparative advantage in the production of milk. explain.
Atlantis has a comparative advantage when it comes to producing cookies, and Neverland has a comparative advantage when it comes to producing milk.
Atlantis has a comparative advantage in the production of cookies, as it only requires 2 hours of labor to produce one unit of cookies, while Neverland requires 4 hours of labor to produce the same amount of cookies. On the other hand, Neverland has a comparative advantage in the production of milk as it only requires 1 hour of labor to produce one unit, while Atlantis requires 1 hour of labor to produce the same amount of milk.
Comparative advantage refers to the ability of a country or an individual to produce a good or a service at a lower opportunity cost than its trading partners. In this case, Atlantis can produce cookies at a lower opportunity cost than Neverland, and Neverland can produce milk at a lower opportunity cost than Atlantis.
The following data should be provided with this question:
INPUT HOURS OF LABOR
Country Cookies Milk
Atlantis 2 hours 1 hour
Neverland 4 hours 1 hour
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suppose that a worker in country a can make either 10 iphones or 5 ipads each year. country a has 100 workers. suppose a worker in country b can make either 2 iphones or 10 ipads each year. country b has 200 workers. which of the following is true?
Country A can make a total of 1000 iPhones and 500 iPads each year, while Country B can make 400 iPhones and 2000 iPads each year. The answer is true.
Country A has 100 workers, each of whom can make 10 iPhones and 5 iPads each year. This means that the total production of iPhones in Country A is 100 x 10 = 1000 iPhones each year, and the total production of iPads in Country A is 100 x 5 = 500 iPads each year.
Country B has 200 workers, each of whom can make 2 iPhones and 10 iPads each year. This means that the total production of iPhones in Country B is 200 x 2 = 400 iPhones each year, and the total production of iPads in Country B is 200 x 10 = 2000 iPads each year.
Hence the true statement is "Country A can produce 500 iPhones and 500 iPads each year, while Country B can produce 400 iPhones and 2000 iPads each year."
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The question is incomplete, the complete question is:
suppose that a worker in country a can make either 10 i phones or 5 i pads each year. country a has 100 workers. suppose a worker in country b can make either 2 i phones or 10 i pads each year. country b has 200 workers. which of the following is true?
A) (500 iPhones, 100 iPads).
B) (500 iPhones, 150 iPads).
C) (500 iPhones, 200 iPads)
D) (500 iPhones,250 iPads)
Identify the financial instruments based on the following descriptions. Issued by a nonfinancial firm, these financial instruments are guaranteed by a bank. There is less risk involved because of bank backing.
A physical or digital document that represents a contract including any form of monetary value is referred to as a financial instrument.
What is financial instrument in business finance?A physical or digital document that represents a contract including any form of monetary value is referred to as a financial instrument. Cash instruments and derivative instruments are the two categories into which financial instruments can be categorized. Capital market tools guarantee a smooth flow of money across an economy. They contribute in the balanced growth of the economy by encouraging investments and savings by transferring excess cash from investors to those in need of financing for expansion. Primary and secondary markets are the two segments of the capital market. Financial instruments are exchanges of money between two parties. They are able to be produced, exchanged, changed, and settled.Financial instruments are exchanges of money between two parties. They are able to be produced, exchanged, changed, and settled. They could be money, legal proof of ownership in a company, a legal right to receive or distribute money under a contract, debt, stock, or derivatives.To learn more about financial instrument refer to:
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the plaintiff is suing the defendant for personal injuries suffered when she was struck by the defendant's car. the plaintiff testified regarding the extent of her injuries. the defendant seeks to testify that when she visited the plaintiff in the hospital, the plaintiff said that if the defendant paid all of her medical bills and gave her $25,00
The judge should rule the testimony as inadmissible because it was an offer of compromise.
An offer of compromise is an implied admission of guilt, albeit the accused may be allowed to demonstrate that such an offer was made without knowledge of guilt and solely to avoid the dangers of criminal action against him.
In most criminal cases, an offer of compromise is admissible as evidence against the party making it. The accused, on the other hand, may demonstrate that the offer was made just to avoid the inconvenience of jail or for some other purpose, validating the assertion that the offer was not an admission of guilt.
In criminal trials, an accused's offer of compromise may be admitted as evidence as an implied admission of guilt. EXCEPT in circumstances involving quasi-offenses, criminal carelessness, or cases where the law allows for a compromise.
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Correct question:
The plaintiff is suing the defendant for personal injuries suffered when she was struck by the defendant's car. The plaintiff testified regarding the extent of her injuries. The defendant seeks to testify that when she visited the plaintiff in the hospital, the plaintiff said that if the defendant paid all of her medical bills and gave her $25,000, she would not institute legal proceedings. The plaintiff's attorney objects to the offered testimony. How should the judge rule on the admissibility of the testimony?
Please solve all three questions and show all steps.
Answer:
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Explanation:
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recall that the balance sheet reports the equality of the accounting equation and would include which of the following amounts? (check all that apply).
Retained earnings balance at end of the period, Total Assets, and Total Liabilities will be included.
How does the balance sheet differ depending on the accounting equation?The connection between the three items on a balance sheet—assets, liabilities, and equity is depicted by the accounting equation. When everything else is equal, a company's equity will rise along with its assets, and vice versa. Equity will drop if obligations are increased, however, equity will rise if liabilities are decreased, for as by debt being paid off.
How is an accounting equation calculated?The foundation of the financial statement is contained in the balance sheet: Find the firm's revenue assets on the relevant balance sheet. Add up all of the liabilities, which ought to be listed separately on the income statement. Add the total liabilities to the amount of total shareholder equity.
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for each of the following variables, identify the type of variable (numeric or categorical)
and level of measurement (nominal, ordinal, interval, or ratio).
a. Total flight time of the second-year pilots in American Airline
b. Gender of the second-year pilots in American Airline
c. Average pilot salary of OECD countries
d. The number of Airplane runways at US National Airport
The types of variables will be:
a. Numeric,
b. Categorical,
c. Numeric,
d. Numeric,
What is a variable?A variable can be defined as the quantity and the set that can be identified. A categorical variable is one where the group is being made and organized. The numeric value is the one that can be measured.
A. A ratio must always be positive because the total flying time cannot be negative. This information has a defined zero point and can be stated numerically.
B. As gender can always be ranked as well as Categorical, the answer is b. categorical and nominal. There is no order to the data, which is expressed as names and labels.
C. In numbers, the ratio is always positive because the typical pilot compensation is positive. This information has a specified zero point and can be stated numerically.
D. Ratio, since the number of runways will never be negative. This information has a defined 0 and can be stated numerically.
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which of the following best describes the method used by most progressives to solve the problem of economic power and its abuses?
Regulate big business best describes the method used by most progressives to solve the problem of economic power and its abuses.
Option B is correct.
How did progressives feel about large corporations?The progressives, as they were known, worked to make the United States of America a better and safer place to live. Through a variety of regulations, they attempted to encourage greater corporate responsibility.
What is the primary objective of progressives?The issues brought on by rapid industrialization, urbanization, immigration, and political corruption were addressed by progressives; and as a result of the massive concentration of industrial ownership in monopolies. The spread of slums, poverty, and what they perceived as labor exploitation alarmed them.
Question is incomplete:
which of the following best describes the method used by most progressives to solve the problem of economic power and its abuses?
A . Regulate small enterprise
B. Regulate big business
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a bagel shop sells fresh-baked bagels from 7 a.m. until 6 p.m. every day. the shop does not sell day-old bagels, so all unsold bagels are thrown away at 6 p.m. each day. the cost of making and selling a dozen bagels is $2.75; there are no costs associated with throwing bagels away. if the manager has seven dozen bagels left at 5 p.m. on a particular day, which of the following alternatives is most attractive? group of answer choices lower
The most attractive alternative in this scenario is to lower the price of the remaining seven dozen bagels to encourage more customers to buy them before the store closes at 6 p.m.
This way, the store will not have to throw away unsold bagels, and will also make some profit from the reduced-price bagels. Additionally, the store can offer discounts or promotions to attract more customers and make announcements on social media or other platforms to inform the public of the last-chance sale. The store can also consider partnerships with nearby businesses or organizations, to distribute the remaining bagels to people who might be in need.
The goal of this alternative is to increase sales and reduce waste while still making a profit for the store.
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the income statement shows the difference between a firm's income and its costs--i.e., its profits--during a specified period of time. however, not all reported income comes in the form of cash, and reported costs likewise may not correctly reflect cash outlays. therefore, there may be a substantial difference between a firm's reported profits and its actual cash flow for the same period.
True The income statement displays the variation between a The income statement displays the profits made by a company over a given period of time as the difference between its income and costs.
However, not all reported income is cash, and reported costs may not always match up with actual cash outlays. A company's declared profits and its real cash flow for the same time may therefore differ significantly.
What makes an income statement different from another one?
An income statement analyzes a company's profit or loss over time, whereas a balance sheet depicts the company's financial situation at a particular point in time.
How does the statement of cash flows differ from the income statement and what does it mean?
A cash flow statement lists the cash flows generated by a company's financing, investing, and operating activities. An income statement gives customers information about a company's earnings during a given time period, as well as its costs and losses.
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TRUE OR FALSE if a company performed services for credit, then the debit side of the journal entry would be to accounts payable and the credit would be to service revenue.
The statement above is false. It is because the service provider company should credit Accounts Receivable if a company provides services to a customer on credit.
In economic and accounting, A journal entry generally can be defined as a record of a business transaction in your business books. The function of journal entry is to tracks transaction all with journal entries, it is needed by a bookkeeper Because a transaction can create a lot of changes in a business. There are several types of journal entries, there are Opening entries, Transfer entries, Closing entries, Adjusting entries, Compound entries, and Reversing entries.
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Which of these pairs is an agency?
1.Tax Preparer/Taxpayer (True,False)
2.Teacher/Student (True,False)
3.Retail Clerk/Customer (True,False)
4.Attorney/Client (True,False)
Using the above pairings, which is the Principal and which is the Agent?
5.Tax Preparer/Taxpayer
A.Tax Preparer is the agent and Taxpayer is the principal
B.Tax Preparer is the principal and Taxpayer is the agent
C. No agency
6. Teacher/Student
A.Teacher is the agent and Student is the principal
B.Teacher is the principal and Student is the agent
C.No agency
7.Retail Clerk/Customer
A.Retail Clerk is the agent and Customer is the principal
B.Retail Clerk is the principal and Customer is the Agent
C.No agency
8.Attorney/Client
A.Attorney is the agent and Client is the principal
b. Attorney is the principal and Client is the agent
C.No agency
1. False
2. False
3. False
4. True
5. A. Tax Preparer is the agent and Taxpayer is the principal
6. A. Teacher is the agent and Student is the principal
7. A. Retail Clerk is the agent and Customer is the principal
8. A. Attorney is the agent and Client is the principal
What is agency?Agency is the capacity of individuals or groups of people to act independently and to make their own free choices. This can be in relation to a range of topics, from political decision-making to economic productivity and social inclusion. Agency is an important concept in sociology, psychology and economics, as it has implications for how individuals and groups are able to shape their own lives and social environments. Agency is often seen as a key factor in understanding how individuals can successfully navigate their own lives in a world shaped by larger economic, political and social forces. Agency is also important in understanding the process of social change, as it helps us to understand how individuals can work together to create positive outcomes. Agency is thus an important concept for understanding and amplifying the power of individuals and groups in creating change.To learn more about agency refer to:
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there are five essential differences between services and goods. which of the following is not one of those differences?
There are five main differences between services and goods. However, Services are inherently homogenous, which is not one of these differences.
What are goods and services?Goods and services are output of economic system. Goods are tangible items sold to the customer whereas service is the goal for the recipient's benefit. Goods and services include consumer products, consumer services, business products and business services. Examples of goods are cars, appliances, and clothing. Service's example: house cleaning, legal advice and consulting services.
What distinguishes goods and services?Goods are tangible because they are physical and tangible, whereas services are immaterial in nature. A product is a tangible object that can be felt, touched, or seen. Services are intangible and cannot be seen, felt, touched or seen. However, it is experienced by consumers.
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hoi chong transport, ltd., operates a fleet of delivery trucks in singapore. the company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer. if a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer.
Maximum activity level in kilometres multiplied by the average operating cost equals $1,170,000 (105,000 kilometres multiplied by 11.40 cents per kilometre).
Operating costs are associated with the regular upkeep and management of an organisation. Operating costs consist of selling, general, and administrative and other operational costs, often known as direct costs of goods sold. These expenses also cover maintenance and raw materials. Operating costs do not include non-operating finance expenses like interest, investments, and exchange rates. The expenses incurred in maintaining a business, a machine, a component, a piece of equipment, or a building are referred to as operating costs. They are an illustration of the price a company pays for the resources it needs to operate.
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Why do economies have to create economic goals and answer the 4 fundamental economic questions?
Economies have to create economic goals and answer the four fundamental economic questions because they are essential for the efficient allocation of resources.
What are economies?Generally,These goals and questions help to guide economic decision-making, such as how much to produce, what to produce, how to produce it, and for whom to produce it.
By answering these questions, economies can optimize production and consumption in order to achieve the highest level of economic welfare for all members of society.
Additionally, setting economic goals allows economies to measure progress towards these goals and make necessary adjustments to achieve them.
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Which of the following are functions of such international institutions as the World Bank and the International Monetary Fund?
The International Monetary Fund serves as a watchdog over the world's currencies and aids in stabilising the global monetary system. Working with developing countries, the World Bank Group aims to end poverty and promote prosperity for all.
Is it develop or develope?
The quickest response is that both of these terms are accurate. An outdated British spelling of the word is develope. The word is spelled more formally and in American English as "develop." Similar to the spellings of "colour" and "colour," you can use either one. A process known as skill development allows trainees and people of working age to acquire dexterity, knowledge, and ability, as well as career ethics and excellent working attitudes through skill training, the establishment of skill standards, and other related activities.
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