a credit sale of $700 is made on july 15, terms 2/10, net/30, on which a return of $50 is granted on july 18. what amount is received as payment in full on july 24? a. $700 b. $637 ($700 - $50)*.98 c. $650 d $686

find a replacement auditor, CTT will need to follow certain procedures and requirements. Here are the general steps that CTT would typically take to select a new auditor:

Announcement of Resignation: CTT will formally announce the resignation of the current auditor to the board of directors and shareholders. This announcement may also be made public through regulatory filings or press releases. Appointment of an Audit Committee: The board of directors will typically appoint an audit committee or a similar body responsible for overseeing the audit process and selecting a new auditor. Criteria and Requirements: The audit committee will establish the criteria and requirements for the new auditor.

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Answer:

Common market.

Explanation:

In this scenario, Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated internal tariffs on trade between them and have added a common external tariff on products imported from countries outside the union. If these countries remove all restrictions on the free flow of capital and labor among themselves, they represent a common market.

A tariff can be defined as a form of taxation employed by a country and applies to imported goods or services from another country.

A common market refers to a formal organization of countries who have collectively agree to trade freely with one another with reduced or eliminated internal tariffs but imposes a common external tariff on trade with other countries. It was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.

The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely.

The use of Post. Ref. numbers in both the general ledger account and the journal facilitate the reconciliation of transactions, enhance accuracy, and provides an efficient means of tracking and managing financial information within the accounting system.

The numbers in the Post. Ref. columns of the general ledger account and the journal indeed serve the following three purposes:

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Perishability characteristic of services describe that services cannot be stored for future use.

An "(intangible) act or usage for which a customer, company, or government is ready to pay" is known to as a service. Services are intangible in nature and cannot be touched or seen only can be experienced.

You cannot store services. The perishability trait of services is described in this. When a service capacity can indeed be stored for future purchase, it is said to be perishable in marketing. Once a product has been utilized, it can't be saved, saved, returned, or resold again. Services are highly perishable in nature and cannot be put to use again in future.

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When final consumers are willing to spend much time and effort comparing quality and style, with brand and price being less important, the product is considered to be focused on "quality differentiation" or "style differentiation."

In this scenario, consumers prioritize the inherent quality and style of the product over the brand or price. They are willing to invest time and effort in evaluating and comparing various products to ensure they are getting the desired level of quality and style that meets their preferences.

Brand recognition or price considerations take a backseat as consumers prioritize the specific attributes, features, and design elements that align with their tastes and requirements.

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A factor is a financial firm that specializes in buying other firms' accounts receivables isTrue.

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Explanation:

When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.

Answer:

Im in middle school, 7th grade

Explanation:

Some advice would be great :)

This is untrue; group insurance is a form of private insurance that assumes a sizable number of people will purchase insurance through their employer, distributing the risk among those paying individuals.

The majority of people have some sort of insurance, whether it is for their life, their home, or their car. However, the majority of us don't really take insurance the time to consider what insurance is or how it risk operates.

Simply put, insurance is a contract, represented by a policy, under which a policyholder receives monetary protection or payment from an insurance firm against losses. To make payments more manageable for risk the insured, the company pools the risks of its clients.

Insurance policies are used as a hedge against the risk of monetary losses, both large and minor, that may arise from harm to the insured or their insurance property, or from liability for damage or injury given to a third party.

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The pandemic, trade wars, and total costs impact global sourcing. Disruptions, higher transportation costs, tariffs, and broader cost considerations affect a business's ability to source products internationally.

The 2020 pandemic had a significant impact on global supply chains. Lockdowns, restrictions, and reduced transportation capacity disrupted the movement of goods, leading to delays and increased costs. This affected the ability of businesses to source products globally, as they faced challenges in obtaining supplies and meeting customer demands.

The US/China trade wars introduced tariffs and trade barriers, making it more expensive and complex to source products from China. Businesses had to reconsider their sourcing strategies, potentially exploring alternative suppliers or shifting production to other countries to mitigate the impact of these trade conflicts. The concept of total landed cost and total cost of ownership emphasizes looking beyond the purchase price when sourcing globally. It includes considerations such as shipping costs, customs duties, taxes, inventory carrying costs, and quality control expenses. Understanding these costs is crucial for businesses to make informed decisions about sourcing strategies and identify the most cost-effective options. Overall, these factors collectively affect the business' ability to source products globally by introducing disruptions, increasing costs, and requiring a more comprehensive evaluation of sourcing decisions.

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Option A correctly identifies the measure of GDP in 2021 that is produced in 2020 and held in inventory until sold in 2021.

Gross Domestic Product (GDP) is a measure of the total value of goods and services produced within a country's borders during a given period. When a good is produced but not yet sold, it is considered part of inventory investment, which is one of the components of GDP.

In the case of a good produced in 2020 and held in inventory until it is sold in 2021, it would not be included in the calculation of 2020 GDP because it has not yet been sold. However, when the good is sold in 2021, it would be counted as part of the 2021 GDP because it represents a final sale of a product produced within the country's borders.

Therefore, the correct answer is that the good produced in 2020 and held in inventory until it is sold in 2021 would be included in the measure of GDP for 2021. It would not be included in the measure of GDP for 2020, as it has not yet been sold.

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Complete question:

Which of the following options correctly identifies the measure of GDP that would include a good produced in 2020 and held in inventory until it is sold in 2021?

A) In 2021 GDP

B) In both 2020 and 2021 GDP

C) Half the value in 2020 and half the value in 2021 GDP

D) In 2020 GDP

An furniture salesperson sells a couch for $1,560. she receives a 2.75% commission on the sale of the couch. She earns $41.9 means total is $1609.1 on the sale.

A type of variable-pay compensation for goods or services sold are commission. Salespeople are frequently encouraged and rewarded with commissions. Additionally, commissions can be created to promote particular sales habits. For instance, commissions may be decreased while providing significant discounts. Or commissions might be raised when promoting particular goods that the company wishes to sell. The framework of a sales incentive program, which may comprise one or more commission plans, is where commissions are normally administered (each typically based on a combination of territory, position, or products). As a strategy for businesses to try to realign employee interests with those of the company, payments are sometimes calculated as a proportion of revenue. It is however possible to use models other than percentages, such as profit-based or bonus-based techniques. Instead of only being paid hourly or based on attempted sales, commissions allow sales employees to be compensated (in part or totally) depending on the goods or services actually sold.

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Heckscher-Ohlin model theory predict that free trade allows countries to specialize in producing goods and services that they are most efficient at producing.

The Heckscher-Ohlin model theory can be regarded as one that explain that economic that countries do export what they can most efficiently and plentifully produce.

This theory explain that this production of theses goods aids specialization.

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Wheel rims, tires, and hubs are major components making up part of the axle end or, what the trucking industry calls the wheel end.

Wheel rims, tires, and hubs are major components of the wheel end, which is part of a vehicle's axle that supports the wheel and connects it to the vehicle's suspension system. The wheel end is responsible for bearing the weight of the vehicle, transmitting power to the wheels, and allowing the wheels to rotate smoothly.

Proper maintenance and repair of the wheel end components is crucial for ensuring the safe and efficient operation of a vehicle. Regular inspection and replacement of worn or damaged wheel end components can help prevent road accidents and breakdowns on the road.

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Using a functional decomposition diagram, an analyst can show business functions and break them down into lower-level functions and processes.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products. It is also a “commercial activity or enterprise”.

Company means an organization or company engaged in commercial, industrial, or professional activity. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietors, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home. noun.

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Minimal superkeys are called d. Candidate key

6. A relationship line may have an associated minimum and maximum  b. Cardinalities

8. The term that says what actions to carry out under what conditions, is known as a. Business logic

9. Underlying the structure of a database is  c. Data model

10. The business logic of the application says what actions to carry out under what conditions, is embedded in  a. Application server

Cardinalities: A relationship line in a database speaks to the affiliation between two substances. Cardinalities characterize the least and greatest number of occurrences that can be related with each substance within the relationship.

Business logic: Trade rationale alludes to the rules and forms that characterize how a trade works. Within the setting of an application, commerce rationale indicates the activities or operations to be performed based on certain conditions or occasions.

A data model is a plan that shows how information is organized and limited in a database system. It explains how different pieces of information are connected to each other.

Lastly, An application server is a computer program that helps run and manage business applications.

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Answer:

Starbucks Coffee consider internal leadership an important aspect of its core business because it understands and appreciates the idea of planning for one's own succession.

Explanation:

Internal Leadership can be defined as an ability to oneself. Many times it is a neglected aspect of leadership, but a leader who knows how to lead himself have thriving possibility to lead others as well.

Starbucks Coffee is considered one of the companies in which people like to work. It is because Starbucks Coffee has given much importance to the aspect of internal leadership development. This aspect is usually overlooked in many companies but is accepted and adopted by Starbucks Coffee. The company understands that everyone has right to plan for one's own succession and thus keeps itself prepare for top-level-successors. The company provides an environment growth and becoming a successful leader to the educated employees that come for work in the company.

The ways that computers are used in Business & Society is All of the above.

It should be noted that a computer simply means a electronic machine that's used to make one's work easier and faster.

In this case, a bank might need a computer to check how much you have in your savings account and a cake store might need a computer to save the images of the exact birthday cake design you like.

Therefore, the correct option is all of the above.

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Answer:

B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.

Explanation:

The correct answer to this open question is the following.

Explain the HIPP of the primary sources below source: "letter written by John Rolfe."

"H" stands for Historical context. John Rolf was an important component in the foundation and success of the Jamestown, Virginia colony, in the North American territory. In the letter, he explains the Governor of the colony, Thomas Dale, his reasons to marry Pocahontas, a Native American Indian woman.

"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.

"P" stands for Purpose. Rolfe wanted the approval of the Governor, knowing that in those years, Native American Indians were considered savages that first needed to be converted to the Christian religion to be accepted in the colonial society.

"P" stands for Point of view. In this part, we have to understand the point the author is trying to convey. In this case, John Rolfe, an English man, and an important figure that brought the toc¿bacco seed from the Caribbean Islands to grow tobacco crops in Jamestown and made tobacco the king of crops in Virginia wanted to justify his actions but not wanted to compromise his position before the Jamestown society.

It can be seen from the solutions given that Cain's net income is $24,000.

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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The correct answer is c.) barriers to entry or exit.

The required details about barrier is mentioned in below paragraph.

In theories of opposition in economics, a barrier to access, or an financial barrier to access, is a set fee that ought to be incurred through a brand new entrant, irrespective of manufacturing or income activities, right into a marketplace that incumbents do now no longer have or have now no longer needed to incur.Barrier to access is the excessive fee or different form of barrier that forestalls a enterprise startup from coming into a marketplace and competing with different businesses. Barriers to access are often mentioned withinside the context of economics and popular marketplace research.

Barriers to access can encompass authorities regulations, the want for licenses, and having to compete with a massive enterprise as a small enterprise startup.

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Answer: Specific, Measurable, Achievable, Relevant, Timely

The average annual operating income from assets is $20,000.

Earnings before interest and taxes is a measure of a company's profit that includes all income and costs (operating and non-operating) excluding interest and income tax charges. When a company does not have non-operating income or non-operating costs, operating income and operating profit are frequently used as synonyms for EBIT.

Equipment cost = $240,000

Cash inflow =  $60,000

Total net cash inflows during the operating life of the equipment

= Cash inflow per year × no. of years

= $60,000 × 6

=$3,60,000

Total operating income during an operating life = Total net cash inflows during the operating life - Total depreciation during the operating life

= $360,000 - $240,000

= $120,000

Therefore,

Average annual operating income = \(\frac{Total operating income during an operating life}{Equipment operating life year}\)

= \(\frac{120000}{6}\)

Average annual operating income  = $20,000

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An option to purchase leased property: establishes the right of the tenant to purchase a property from the landlord. The option to purchase a leased property is a clause in a lease agreement that provides a tenant with the right to buy the leased property from the landlord at a certain price or based on a certain valuation method.

It is also known as a lease-option.To acquire the right to purchase the property at a later date at a predetermined price, the tenant typically pays the landlord an option fee at the start of the lease period. The option fee, which is typically 2% to 7% of the purchase price, compensates the landlord for the period during which the property is reserved for the tenant. If the tenant chooses not to purchase the property at the end of the lease term, the option fee is forfeited.

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(a) Equipment and Cash or Accounts Payable are affected.
(b) Equipment is increased and Cash or Accounts Payable is decreased.

The transaction involves the purchase of equipment, with 60% paid in cash and the rest owed. This means that two accounts are affected: Equipment and Cash or Accounts Payable. Equipment is increased since it is now owned by the company, while Cash or Accounts Payable is decreased since the company paid for a portion of the equipment using cash. If Retained Earnings are selected, the reason for the change would depend on the company's accounting policies.

Some companies may choose to adjust Retained Earnings to reflect the purchase of equipment, while others may not consider it significant enough to warrant an adjustment. Ultimately, the reason for the change in Retained Earnings would depend on the company's specific circumstances and accounting practices.

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1. When creating a new job position and hiring someone, you will likely rely on bureaucratic rationality to follow established rules and procedures.Thus, option B is correct.
2. Your friend exhibits situational rationality by recognizing that appropriate clothing for a job interview can differ depending on the specific context or situation.Thus, option D is correct.

When creating a new job position in your department and hiring someone to fill that role, you will likely rely on "bureaucratic rationality". Bureaucratic rationality is a form of rationality that emphasizes following established rules and procedures within an organization. In this case, you would need to adhere to the hiring policies and guidelines set by your company. This might involve creating a job description, advertising the position, conducting interviews, and selecting the most qualified candidate based on predetermined criteria. By following these bureaucratic processes, you ensure fairness, consistency, and transparency in the hiring process.

In the second scenario, your friend is exhibiting "situational rationality". Situational rationality recognizes that appropriate clothing for a job interview can vary depending on the specific context or situation. Your friend understands that the expectations for clothing differ between a job at a bank and a job at a tattoo parlour. They recognize that each workplace has its own unique culture and norms regarding attire. By considering the specific situation, your friend can make an informed decision about what clothing would be most appropriate for the job interview.

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Hi, you've asked an incomplete question. The attached image shows the full text.

Explanation:

Historical context: his use of old English expressions indicates dates back to the period around the 1600s.

Intended audience: John Rolfe's audience appears to be the governor of Virginia and his associates.

Author's Purpose: He seems to use his religious beliefs to get support and understanding of his decision to marry Pocahontas.

Author's Point of view: His expresssion "not without a seared conscience" indicates his own concerns about the decision he took.