A fee is the price of cash that has been used up to supply some thing or supply a service, and therefore isn't always to be had to be used anymore.
The required details for cost in given paragraph
Cash payback period
= Cost / Annual Savings = $55,900 / $eight,six hundred
= 6.five Years
Cash payback period = 6.five yearsTotal gift price
= Annual Savings x PVAF ( eight% , eight years ) + salvage price x PVF ( eight% , eight years )
= ( $eight,six hundred x five.74664 ) + ($28,500 x 0.54027 )
= $49,421.104 + $15,397.695
= $64,818.80Net gift price = Total gift price (-) Initial Investment
= $64,818.80 (-) $55,900
= $eight,919 (or) $eight,918
Net gift price = $eight,919 (or) $eight,918
In business, the fee can be one in all acquisition, wherein case the quantity of cash expended to gather it's far counted as fee. In this case, cash is the enter this is long gone a good way to gather the thing. This acquisition fee can be the sum of the fee of manufacturing as incurred through the authentic producer, and in addition charges of transaction as incurred through the acquirer over and above the fee paid to the producer.
Usually, the fee additionally consists of a mark-up for earnings over the fee of manufacturing.
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Complete question
Concord Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs). The new truck would cost $55,900. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $8,600. At the end of 8 years, the company will sell the truck for an estimated $28,500. Traditionally the company has used a rule of thumb that a proposal should not be accepted unless it has a payback period that is less than 50% of the asset's estimated useful life. Larry Newton, a new manager, has suggested that the company should not rely solely on the payback approach, but should also employ the net present value method when evaluating new projects. The company's cost of capital is 8% Click here to view PV table. Compute the cash payback period and net present value of the proposed investment. If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round answer for present value to o decimal places, e.g. 125. Round answer for Payback period to I decimal place, e.g. 10.5. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Cash payback period years Net present value (b) Does the project meet the company's cash payback criteria? Does it meet the net present value criteria for acceptance?
Match the following activities to their effect on the general ledger accounts.
a. Allocate overhead costs to jobs
b. Pay factory utilities
c. Purchase indirect materials
d. Use indirect materials
e. Direct labor used
1. Credit Factory Overhead
2. Debit Factory Overhead
3. Debit Work in Process Inventory
4. Credit Raw Materials Inventory
5. Debit Raw Materials Inventory
Answer:
a. Allocate overhead costs to jobs - Credit Factory overhead
Work-in process inventory Dr xxxx
Factory overhead Cr xxxx
b. Pay factory utilities - Debit Factory overhead
Factory overhead Dr xxxx
Utilities payable Cr xxxx
c. Purchase indirect materials - Debit Raw material inventory
Raw material inventory Dr xxxx
Accounts payable Cr xxxx
d. Use indirect materials - Credit Raw materials Inventory
Factory overhead Dr xxxx
Raw material inventory Cr xxxx
e. Direct labor used - Debit Work in process inventory
Work-in process inventory Dr xxxx
Wages payable Cr xxxx
What is a tax free savings account that can only be used for educational expenses
A tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
What is the significance of the savings account?Savings accounts keep track of personal expenses such as a person's bank balance, which can be withdrawn when needed; savings accounts earn interest as a result, the money grows over time and helps the person get a loan with a certain amount, etc.
Hence, tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
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Patton Company purchased $1,500,000 of 10% bonds of Scott Company on January 1, 2021, paying $1,410,375. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $89,625 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity.*USE T ACCOUNTS
On July 1, 2018, Patton Company should increase its Debt Investments account for the Scott Company bonds by?
For the year ended December 31, 2018, Patton Company should report interest revenue from the Scott Company bonds of?
Answer:
On July 1, 2018, Patton Company should increase its Debt Investments account for the Scott Company bonds by?
I will assume that the bonds were purchased on January 2018 and not January 2021.
The journal entry to record the purchase of the bonds was:
January 1, 2018, investment on bonds
Dr Debt Investment 1,500,000
Cr Cash 1,410,375
Cr Discount on Debt Investment 89,625
the journal entry to record the interests received on July 1, 2018 would be:
Dr Cash 75,000
Dr Discount on Debt Investment 2,570.63
Cr Interest revenue 77,570.63
Discount on Debt Investment = ($1,410,375 x 5.5%) - ($1,500,000 x 5%) = $77,570.63 - $75,000 = $2,570.63
Patton company should increase its Debt investment by $2,570.63 (amortized discount).
For the year ended December 31, 2018, Patton Company should report interest revenue from the Scott Company bonds of?
The journal entry to record accrued interests:
Dr Interest receivable 75,000
Dr Discount on Debt Investment 2,712
Cr Interest revenue 77,712
Discount on Debt Investment = ($1,412,945.63 x 5.5%) - ($1,500,000 x 5%) = $77,712 - $75,000 = $2,712
Total interest revenue for 2018 = $77,570.63 + $77,712 = $155,282.63
A very large company would be most likely to have a(n) ___ at the ahead of its accounting department.
A. Executive vice president
B. Controller
C. Chief financial officer
D. Accounting manager
A very large company would be most likely to have a Chief financial officer as the head of its accounting department.
The Chief Financial Officer (CFO) would most likely be in charge of the accounting division of a very large corporation. A company's Chief Financial Officer (CFO) is in charge of all financial operations, including accounting, budgeting, financial reporting, and forecasting. The day-to-day accounting activities of a corporation are managed by the controller, who holds a mid-level role. The basic duties of the accounting manager include leading a group of accountants and supervising the creation of financial statements and reports. Even though the executive vice president may be in charge of the entire organization, they could not have specific knowledge of accounting and finance.
A Chief Financial Officer (CFO) is a senior executive accountable for directing the financial actions of a firm. Monitoring cash flow, assessing the firm's financial advantages and disadvantages, and creating strategies for financial expansion are all tasks assigned to the CFO. Also, they are in charge of supervising the creation of predictions and current financial reports. In conclusion, the CFO is essential to the efficient management of a company's finances.
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Countryside Corporation provides $6,000 worth of lawn care on account during the month. Experience suggests that about 2% of net credit sales will not be collected. In conformity with the expense recognition principle, the company should:
The company should record an estimate of Bad Debt Expense in the same period as the lawn care is provided
What is bad debt?Bad debts are debt which customers are unlikely to pay back. They are debts which are deemed to be irrecoverable.
Also, In line with the standard of the expense recognition principle, states that incomes are documented when earned and expenses are documented when consumed.
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What is the main reason that people purchase insurance policies?
A. they want to reduce the cost of their student or personal loans.
B. They want to avoid paying for major unexpected expenses.
C. They want to avoid increasing their monthly premiums
D. They want to invest money in insurance to grow it over time
Option B is correct. The main reason that people purchase insurance policies is because they want to avoid paying for major unexpected expenses.
What is an insurance policies?An insurance policy can be defined a contract between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. The policy is enforced in an exchange for an initial payment known as the premium in which the insurer promises to pay for loss caused by perils covered under the policy language.
Most of the insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Because these insurance policies are standard forms, they often feature boilerplate language which is similar across a wide variety of different types of insurance policies.
Some examples of the popular insurance policies includes a Life Insurance, Health Insurance, Disability Insurance, Homeowner's Insurance, Automobile Insurance, Liability Insurance etc,
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After t hours of operation, an assembly line has assembled A(t)=19t-1/2t^2 power lawn mowers, 0 = < t = < 10 . Suppose that the factory's cost of manufacturing x units is C(x) dollars, where C(x) dollars=2657+70x.
a. Express the factory's cost as a composite function of the number of hours of operation of the assembly line.
b. The cost of the first 2 hours of operation is $___.
Answer:
a. \(C(A(t)) = 2657 + 1330t - 35t^2\)
b. the cost of the first 2 hours of operation is $5177
Explanation:
From the given information:
a. The factory's cost as a function of the number of hours of operation of the assembly line can be expressed as:
\(C(A(t)) = C ( 19t - \dfrac{1}{2}t^2)\)
\(C(A(t)) = 2657 + 70 ( 19t - \dfrac{1}{2}t^2)\)
\(C(A(t)) = 2657 + 1330t - 35t^2\)
b. Replacing t = 2 in the above equation, we have:
\(C(A(t)) = 2657 + 1330t - 35t^2\)
\(C(A(2)) = 2657 + 1330(2)- 35(2)^2\)
\(C(A(2)) = 2657 + 2660- 140\)
\(C(A(2)) =5317- 140\)
\(C(A(2)) =5177\)
Hence, the cost of the first 2 hours of operation is $5177
The activities that help in the management of the various managerial activities are the operational activities. These activities aid in the function of the different activities of the firm.
a. \(C(A(t))=2657+1330t-35t^{2} \\\)
b. The cost of the first 2 hours of operation is $5177
a. The factory's cost as a function of the number of hours of operation of the assembly line can be expressed as:
\(C(A(t))=C(19t-\frac{1}{2}t^{2})\\C(A(t))=2657+70(19t-\frac{1}{2}t^{2})\\C(A(t))=2657+1330t-35t^{2}\)
b. Replacing t = 2 in the above equation:
\(C(A(t))=2657+1330t-35t^{2} \\C(A(2))=2657+1330(2)-35(2)^{2}\\C(A(t))=2657+2660-140\\=5177\)
Hence, the cost of the first 2 hours of operation is $5177
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what is the real name of rocky
how do i get my grade higher.60-80 and 70-80
my parents said i cant do anything till there 80s
please help me i want to play with my cousin.
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The balance in the Bonds Payable account is a credit of $65,500. The balance in the Discount on Bonds Payable account is a debit of $2,150. How much is the bond's carrying amount?
Answer:
Bond's carrying amount = $63,350
Explanation:
This is a very trivial question and can be solved in just a very few lines.
Balance in Bonds Payable Account = $65,500
Discount on Bonds payable Account = $2,150
The bond's carrying amount can be gotten by simply subtracting the discount on Bond's payable account from the balance in bonds payable account.
Carrying amount = (Balance in Bonds Payable Account) - (Discount on Bonds payable Account)
Carrying amount = $65,500 - $2,150
Carrying amount = $63,350
Referencing your chosen five words that describe your photography, explaine how you would like to brand your own business now and or in the future. Additionally discuss in detail what current winning attributes you are lacking to successfully compete in your chosen photographic markets. What constructive steps can/should you take to overcome your defined shortcomings?
In order to effectively brand my photography business and successfully compete in my chosen photographic markets, I need to focus on five main words: creative, artistic, professional, unique, and dedicated. In terms of creative and artistic, I need to be able to create beautiful and eye-catching photos that showcase my talent and creative ability. I also need to remain professional and demonstrate a level of dedication to my clients that is unparalleled. Additionally, I need to be able to think outside of the box to create unique and one-of-a-kind photos that will stand out from the rest.
In order to overcome any shortcomings I may have, I need to work on improving my technical knowledge of photography and the equipment I use. Additionally, I need to stay up-to-date with current trends in photography and the different techniques used by professionals in the field. I should also take courses and classes that can help me hone my skills and give me the confidence I need to market my business and succeed. Finally, I need to network with other photographers and industry professionals in order to increase my chances of finding the right clients for my business.
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What do you think will happen to the stock market? Will it go down and possibly lead to the worst market crash in history , or will it bounce back to a high? & why ?
Answer in a paragraph please (: you’ll receive a brainy
please please please help me
a) A decrease of 7.9% in material (supply-chain) costs is required to yield a profit of $40,000, for a new material cost of $58,000.
b) An increase of 3.6% in sales is required to yield a profit of $40,000, for a new level of sales of $145,000.
How are the percentages determined?For the supply chain improvement, we can increase the profit to $40,000 by reducing the cost of materials to $58,000 ($63,000 - $5,000).
This reduction translates to a 7.9% cost improvement ($5,000/$63,000).
We apply the break-even sales revenue with the target profit for the sales strategy.
This analysis shows that Sales revenue needs to increase to $145,000, which is a 3.6% ($145,000 - $140,000/$140,000) improvement.
Current profit level = $35,000
Expected profit level = $40,000
Percent Supply % Sales
Current Situation Amount ($) of sales Chain Strategy
Sales 140,000 $140,000 $145,000
Cost of material 63,000 (45%) 58,000 41.4% 63,000
Production cost 35,000 (25%) 35,000 25% 35,000
Contribution margin 42,000 (30%) $47,000 33.6% $47,000
Fixed cost 7,000 (5%) 7,000 5% 7,000
Profit 35,000 (25%) $40,000 28.6% $40,000
a) Percentage improvement in supply chain strategy = 7.9% [1 - ($63000 - $5,000/$63,000 x 100)]
The cost of the material with a $40,000, profit will be $58,000 ($63,00 x 1 - 7.9%).
b) Percentage improvement in the sales strategy = 3.6%
Break-even Sales = Fixed Costs + Target Profit/Contribution margin ratio
= $7,000 + $40,000/32.4%
= $25,000/32.4%
= $145,000
Required improvement in the sales strategy = 3.6% ($5,000/$140,000 x 100)
Sales with an improvement of 3.6% = $145,000 ($140,000 x 1.036)
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What is market environment
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
4. When viewing a graph, you see that there is a
shift in the demand curve to the right for sub sandwiches. This could be the result of
•an increase in the price of subs
•an increase in the price of burgers, a substitute for subs
•an increase in the price of soda, a compliment for subs
•a change in quantity demanded
Answer:
an increase in the price of burgers, a substitute for subs
Explanation:
A substitute good is a good that can be consumed in place of another good. If the price of burgers increases, the demand for burgers would fall and there would be an increase in the demand for the cheaper subs. An increase in demand leads to a rightward shift of the demand curve.
A change in the price of a good leads to a movement along the demand curve for that good.
A compliment good is a good that is consumed with another good. If the price of soda rises, the demand for subs would fall and the demand curve would shift to the left
On October 1, 2016, Jay Walker Company purchased a one-year insurance policy for $660. The correct adjusting entry on December 31, 2016, is
a. debit Insurance Expense $660; credit Prepaid Insurance $660
b. debit Insurance Expense $495; credit Prepaid Insurance $495
c. debit Prepaid Insurance $55; credit Insurance Expense $55
d. debit Insurance Expense $165; credit Prepaid Insurance $165.
On December 31, 2016, the correct adjusting entry is $165 in Insurance Expenses and $165 in Prepaid Insurance.
$660 divided by 12 equals $55 per month
$55 per month multiplied by 3 equals $165. Hence, option d) is correct.
Changes to previously written diary entries are known as adjusting entries. They specifically ensure that the numbers you have recorded correspond to the correct accounting periods.
Journal entries track how money flows through your business how it enters, exits, and moves between accounts. You don't literally go back and change a journal entry to make an adjusting entry no there's eraser or delete key involved. Instead, you create a new entry while editing the old one.
When you make an adjusting entry, you ensure that your company's activities are accurately recorded in time. If you don't make adjusting entries, your books will show you paying for expenses before they're incurred or collecting unearned revenue before you can use it.
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Elmer’s utility function is U(x, y) = min{x, y2}. If the price of x is $25 and the price of y is $15 and if Elmer chooses to consume 7 units of y, what must his income be? a.
Answer:
the income is $1,330
Explanation:
The computation of the income is shown below;
Given that
U(x, y) = min{x, y2}
Price of x is $25
ANd, the prcie of Y is $15
So,
25X + 15Y = M
if Y = 7,
So,
At eqm, X = Y^2 = 49
Then ,
M = 25 × 49 + 15 × 7
= 1225 + 105
= 1330
Hence, the income is $1,330
The same should be relevant and considered too
Please answer this macroeconomis numerical
If the supply of labor is fixed at 95, the equilibrium real wage rate will be:
Real Wage = Nominal Wage / P
= $10 / $2.00
= $5.00
What is equilibrium?Equilibrium refers to a state of balance or stability in a system where there is no tendency for change.
At equilibrium, the price and quantity of the good or service are determined, and there is no incentive for producers or consumers to change their behavior.
In the above case, if the supply of labor is fixed at 95, the equilibrium real wage rate will be $5.00
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what is the definition of organization ? Briefly explain each part of the definition?
organization isn a group or team that works together to accomplish a task
Waddell Company had the following balances in its accounting records as of December 31, 2015:
Assets Liabilities and Equity
Cash $ 35,000 Accounts Payable $ 7,500
Accounts Receivable 9,000 Common Stock 40,000
Land 51,000 Retained Earnings 47,500
Total $ 95,000 Total $ 95,000
The following accounting events apply to Waddell Company’s 2016 fiscal year:
Jan. 1 Acquired $20,000 cash from the issue of common stock.
Feb. 1 Paid $6,000 cash in advance for a one-year lease for office space.
Mar. 1 Paid a $2,000 cash dividend to the stockholders.
April 1 Purchased additional land that cost $15,000 cash.
May 1 Made a cash payment on accounts payable of $5,500.
July 1
Received $9,600 cash in advance as a retainer for services to be performed monthly over the coming year.
Sept. 1 Sold land for $30,000 cash that had originally cost $30,000.
Oct. 1 Purchased $2,500 of supplies on account.
Dec. 31 Earned $58,000 of service revenue on account during the year.
31 Received cash collections from accounts receivable amounting to $46,000.
31 Incurred other operating expenses on account during the year that amounted to
$28,000.
31 Recognized accrued salaries expense of $6,500.
31 Had $50 of supplies on hand at the end of the period.
31 The land purchased on April 1 had a market value of $20,000.
31 Recognized $500 of accrued interest revenue.
Required
Based on the preceding information, answer the following questions for Waddell Company. All questions pertain to the 2016 financial statements. (Hint: Enter items in general ledger accounts under the accounting equation before answering the questions.) (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.)
a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.
b. The amount of rent expense reported on the Income statement will be $5,500 [ $ 6,000 * 11 /12 months ]
c. The total amount of liabilities reported on the balance sheet will be $43,800. This includes the contingent liabilities and warranties.
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What are some benefits that the Shop Your Way Mastercard could provide to shoppers that ARE tied to rewards points, discounts, or saving money?
They are the competitive rewards of the benefits that the Shop way Mastercard could provide to shoppers that are tied to reward points, discounts, or saving money.
What is discounts?
The term discount refers to the provided the customer are the shopping in the bulk of the amount. The discount was to attract the customer to more shopping. The discount was the main reason are the shopkeeper are the earn more amount of the money.
According to the benefits of the shoppers are the used the master cards such as discounts, saving money and the reward points are they attract to the customer are the shopping more and more and the benefits are the competitive rewards.
As a result, the competitive rewards of the benefits that the Shop way Mastercard could provide to shoppers that are tied to reward points, discounts, or saving money.
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Explain the following terms: (1Mark each)
a) Family business
b) Innovation
c) Small business
d) Networking
e) Entrepreneurship
a)A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.
a)Family business, as the name suggests, is the organization which is actively owned, operated and managed by two or more members of the single-family. b)Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. c)Small businesses are types of corporations, partnerships, or sole proprietorships which have a small number of employees and/or less annual revenue than a regular-sized business or corporation. d)Networking is the process of making connections and building relationships.
e)Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
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When the Constitution was adopted in 1789, why was the federal government granted the authority to raise taxes?
PBMF
Answer: Debt Payment, National Defense and Welfare of the United States
Explanation:
When the Articles of the Confederation which was the first Constitution of the United States was ratified in 1781, it included a clause that empowered the State Governments to decide what to give to Congress. Some of them gave less and some gave nothing of what they were supposed to give.
Congress was therefore powerless and risked falling apart and with it, the Central Government.
The Constitution of 1789 changed this by including the 'Taxing and Spending' clause.
This clause gave Congress the right to impose taxes. The clause states that Congress can levy taxes to enable it to pay off American debt as well as for the defense and general welfare of American citizens.
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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3 key success factor of effective environmental risk management
Answer:
Cybersecurity studies and implementation
Security and resilience policy and procedure development
Climate adaptation and resilience planning
what does this article say about being on time ?
Answer:
1. Endeavour to take a practice trip the same time you leave for work in order to know what time you will arrive at work.
2. In order not be in a hurry and anxious, endeavour to arrive 15 minutes earlier. Also, don't arrive too early in order not to affect others.
Explanation:
What the article tells about being on time are;
Being on time helps to know activities/practice that would allow you to meet up with time in every occasion.
Arrival at a planned event 15 minutes earlier prevent being anxious and hurriedness.
Being on time is very necessary to prevent being anxious and hurriedness , it makes one cool and calm in all events.For one to be on time some practices are needed, such as arrival at the event 15 minutes earlier, make sure you engaged on a practice trip to know actual time that could be required to get to the venue.We can can also conclude that being hygienic and being groom also play a role in adiring to time.
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Thomas is applying for a social services position with the public school system in his district. Why would it be useful for the school principal to check his credit history? To see whether he has school loans To check the balances on his credit cards To check the interest on his student loans To see if he has any neglected child support responsibilities
Answer:
The reason that it would be useful for the school principal to check Thomas' credit history is:
To see if he has any neglected child support responsibilities .
Explanation:
Generally, employers are restricted from making employment decisions based on a potential employee's credit history. This is why they are not allowed to see the balances or the employee's credit score. However, employers can still lay their hands on important data to ascertain an employee's responsibility to contracted liabilities.
Economics budget line Q
Aoife's budget line is is -2
Aoife's equilibrium consumption of milk and bread is 20 units of milk and 60 units of bread.
What is Aoife's budget line?Budget line equation: 2M + B = 100, where M represents the quantity of milk and B represents the quantity of bread.
The equation above is a linear equation representing Aoife's budget constraint. The slope of the budget line is -2, which means that the opportunity cost of one unit of milk is two units of bread.
Illustration of her equilibrium consumption of milk and bread:To find the point of equilibrium, we need to find the point where the slope of the indifference curve is equal to the slope of the budget line. This is the point where the marginal rate of substitution (MRS) is equal to the price ratio.
The price ratio is 2:1 (the price of milk is twice the price of bread), so the slope of the budget line is -2. The slope of the indifference curve is -1/2, so we need to find the point where -1/2 = -2, which is (20, 60) (20 units of milk and 60 units of bread).
What is her marginal rate of substitution at the equilibrium allocation in part b?The marginal rate of substitution (MRS) at the equilibrium allocation is the rate at which Aoife is willing to trade off milk for bread while remaining on the same indifference curve. It is equal to the absolute value of the slope of the indifference curve at the equilibrium point.
In this case, the slope of the indifference curve is -1/2, so the MRS is 1/2 (the absolute value of -1/2). This means that Aoife is willing to give up half a unit of milk for one unit of bread while remaining on the same indifference curve at the equilibrium point.
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Raoul buys a new cell phone with his credit card. This new charge means his debt will
Answer:
increase
Explanation:
i bench 225
On January 1, 2019, Cullumber Company had $1,000,000 of common stock outstanding that was issued at par. It also had retained earnings of $740,000. The company issued 35,000 shares of common stock at par on July 1 and earned net income of $390,000 for the year.
Required:
Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions.
a. Par value is $10, and market price is $18.
b. Par value is $5, and market price is $20.
Answer:
a. Par value is $10, and market price is $19. b. Par value is $5, and market price is $20.
Explanation: