Julie states that she wants to be her own boss. If she starts a business it is possible for her to be her own boss and yet not use the proprietorship form of ownership, Sole proprietorship.
If Julie starts her own business without any partner, then it will be a sole proprietorship which means the business is owned by one person.
Business is the act of making a living or making money by producing or buying and selling products (such as goods or services). It is also "an activity or enterprise engaged in for profit".
Liabilities incurred in the business. If the company becomes indebted, creditors can pursue the owner's personal property. The corporate structure does not allow corporate tax rates. Owners are personally taxed on all income from the company.
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What are the 4 levels of economic activity examples?
Resource management, the production of goods and services, the distribution of goods and services, and the consumption of goods and services are the four essential economic activities.
Give an example of each type of economic activity.
Principal Tasks: All activities related to the extraction and production of natural resources are considered primary. Examples: fishing, agriculture, and mining ii) Secondary Tasks: Secondary activities are those that have to do with how natural resources are processed.
Give examples of the secondary level of economic activity.
Secondary economic activity includes building construction, automobile manufacturing, and the production of utilities like electricity. Any activity that involves the physical creation of something of higher value falls under the secondary sector.
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Business is a social process . Discuss
Answer:
Business is a social process. a single person cannot run a business, there are many single owner but they also need other person's help or market help for their business survival. ex help of the resources,if the business is product based or help of customer If it is service based. all this things work together. the whole economy works together. so it is a social process .
Answer:
Technology aligned solutions integrating the functions and processes of hardware , software , telecommunications and networks . From basic internet connectivity to software development , w provide all kind of technological services based on the type of industry.
Explanation:
Hope this help BLINK!
Write a brief note on Axioms of interpersonal communication with example of real life business communication.
Answer:
axiom shows that everything one does is a message: "Activity or inactivity, words or silence all have message value: they influence others and these others, in turn, cannot not respond to these communications and are thus themselves communicating" (Watzlawick, Beavin, and Jackson, 1967, p. 1). This is true only however if the parties are "in the presence of another" (Watzlawick & Beavin, 1967, p. 4). This can cause problems in the relationship system though. For example, if one doesn’t want to communicate and inadvertently communicates this fact it may anger the other party. The appreciation for people who behave emotionally reserved verses who express their thoughts and feelings freely, may differ considerately between cultures. Insensitivity to these differences or the signals that people send, may hinder or undermine a smooth acculturation process considerately
Explanation:
\(\large\colorbox{orange}{ɪ ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs}\)
\(\large\colorbox{darkred}{Xxᴊᴀsʜ13xX}\)
Monetarists emphasize changes in the money supply as the most important determinant of __________________________________.
Monetarists emphasize changes in the money supply as the most important determinant of prices.
What is money?
The term “money” refers to the exchange of goods and services. The currency is the currency of the country. Different countries have different currencies. Usually, money looks like paper notes and coins.
The definition of the term “monetarist” relates the money supply to two important phenomena: prices and the rate of economic expansion. The primary components of an economy's supply that a monetarist provides are money, credit, and deposits.
As a result, the monetarist are changes on the money supply are the determinant of prices.
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In order to satisfy the needs and wants that people have, businesses must combine factors of production. The factors of
production are: Capital, Enterprise, Land, Labour.
Case Study:Freshz Coffee
Freshz Coffee has just opened in Dubai. FreshZ will need factors of production.
Give examples of the factors of production it will need and how they will be used.
Answer:
by utilizing the goods by their proper uses
The wholesale price of a straight-back desk chair in 2004 was $40; in 2005, $48.40; and in 2006, $38.40. What were the indexes for 2005 and 2006 using 2004 = 100?
Group of answer choices
A) 121.0 and 96.0
B) 1.21 and 0.96
C) 1,210.0 and 960.0
D) 82.68 and 104.2
The indexes for 2005 and 2006, based on 2004 as the base year with an index value of 100, are 121.0 and 96.0 respectively. Here option A is the correct answer.
To calculate the indexes for 2005 and 2006 using 2004 as the base year with an index value of 100, we need to divide the price in each year by the price in 2004 and then multiply by 100.
For 2005:
Index for 2005 = (Price in 2005 / Price in 2004) * 100
Price in 2005 = $48.40
Price in 2004 = $40
Index for 2005 = (48.40 / 40) * 100 = 121.0
For 2006:
Index for 2006 = (Price in 2006 / Price in 2004) * 100
Price in 2006 = $38.40
Index for 2006 = (38.40 / 40) * 100 = 96.0
Therefore, the indexes for 2005 and 2006, using 2004 as the base year with an index value of 100, are 121.0 and 96.0 respectively.
The correct answer is option A) 121.0 and 96.0.
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Which of the following is not a benefit of marriage, according to the U.S. Department of Health and Human Services?
making better decisions
mentally healthier
wealthier
at decreased risk of alcohol and drug use
Answer: wealthier
Explanation:
According to the report by the U.S. Department of Health and Human Services, marriage is beneficial in various ways to both spouses and offspring.
It stated that having a spouse enabled for better decision making in various areas including in substance abuse which led to a decreased risk in both alcohol and drug use.
Being married can also contribute to the general mental health of spouses.
There was no mention however, of marriage making people wealthier.
Answer: making better decisions
Explanation: it's correct on edge
Which settings would convert the information below into the table below?
Type of Animal Number of Children's Favorite
Whale-12
Tiger → 3
Lion 4
Elephant 6
Monkey 8
Giraffe 2
The settings that would convert the information given above is autofill to content.
What is autofill to content?Autofill to content refers to a feature in some software applications that automatically fills in or completes a form or field based on previously entered information or data. The goal of autofill to content is to save time and effort by automatically entering information that is likely to be the same for each new form or field.
For example, autofill to content can be used to automatically enter a user's name, address, phone number, and other contact information in a web form. When the user begins typing the first letter of their name or address, the software will suggest the rest of the information based on previous entries, allowing the user to select the correct information from a drop-down list and then automatically fill in the remaining fields.
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Problem 14-11 Missing Data; Statement of Cash Flows [LO14-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows Credits > Credits by: Debits by: Debits > Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings $119,200 170,300 4,200 96,000 $ 83,400 107,000 280,000 65,000 48,400 5,700 9,600 406,000 120,000 76,000 $795,400 $795,400 The following additional information is available about last year's activities a. Net income for the year was $?. b. The company sold equipment during the year for $35,300. The equipment originally cost $160,800 and it had $127,000 in accumulated depreciation at the time of sale c. Cash dividends of $10,200 were declared and paid during the year d. The beginning and ending balances in the Plant and Equipment and Accumulated Depreciation accounts are given below: Yoric Company Statement of Cash Flows Operating activities Investing activities Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents
Statement of Cash Flows:
Yoric Company
Operating Activities:
Net Income: $(-498,000)
Adjustments:
Depreciation Expense: $0
Increase in Accounts Receivable: $(-51,100)
Decrease in Inventory: $(-4,200)
Decrease in Prepaid Expenses: $(-12,600)
Increase in Accumulated Depreciation: $(-27,000)
Increase in Accounts Payable: $16,600
Increase in Accrued Liabilities: $5,700
Increase in Income Taxes Payable: $9,600
Net Cash Provided by Operating Activities: $(-561,100)
Investing Activities:
Proceeds from Sale of Equipment: $35,300
Purchase of Plant and Equipment: $(-70,000)
Net Cash Used in Investing Activities: $(-34,700)
Financing Activities:
Issuance of Common Stock: $0
Issuance of Bonds Payable: $0
Payment of Long-term Loans to Subsidiaries: $0
Payment of Dividends: $(-10,200)
Net Cash Used in Financing Activities: $(-10,200)
Net Increase in Cash and Cash Equivalents: $(-606,000)
Beginning Cash and Cash Equivalents: $200,000
Ending Cash and Cash Equivalents: $(-406,000)
Statement of Cash Flows: Yoric Company Operating Activities Investing Activities Financing Activities Beginning cash and cash equivalents Ending cash and cash equivalents (+) Net Income for the year $0 Long-term investments $0 Issuance of common stock $0 $0 Depreciation expense $0 Purchases of plant and equipment $0 Issuance of bonds payable $0 $0 Gain on sale of equipment $(35,300 - $33,800) $0 Payment of long-term loans to subsidiaries $0 Payment of dividends $(10,200) $0 Changes in: (+) Increase in accounts receivable $(170,300 - $119,200) $0 (-) Decrease in inventory $(4,200) $0 (-) Decrease in prepaid expenses $(96,000 - $83,400) $0 (-) Increase in accumulated depreciation $(280,000 - $253,000) $0 (+) Increase in accounts payable $(65,000 - $48,400) $0 (+) Increase in accrued liabilities $5,700 $0 (+) Increase in income taxes payable $9,600 $0 (+) Increase in long-term loans to subsidiaries $0 $0 (-) Decrease in long-term investments $(406,000 - $355,000) $0 (=) Net cash provided by operating activities $0 $0 $0 (+) Proceeds from sale of equipment $35,300 $0 $0 (-) Purchase of plant and equipment $0 $(70,000) $0 (=) Net cash used in investing activities $35,300 $(70,000) $0 $200,000 $235,300 (=) Net increase in cash and cash equivalents The given balance sheet accounts of Yoric Company have been shown with net changes. From the available information, we have to prepare a statement of cash flows. The statement of cash flows comprises three sections, i.e., operating activities, investing activities, and financing activities. Also, we have to calculate the net income for the year. Calculation of net income for the year: Net Income for the year = (Revenues + Gains) - (Expenses + Losses) $0 = (Revenues + Gains) - (Expenses + Losses) [Given] Revenues + Gains = Expenses + Losses $0 = (Operating Revenues + Gain on sale of equipment) - (Operating Expenses + Depreciation expense) [Operating Income is calculated as follows] $0 = ($0 + $1,500) - ($250,000 + $248,500) $0 = $1,500 - $499,500 Net Income for the year = $(-498,000) (Negative) Now, we can prepare the statement of cash flows using the above calculation and other available data:
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What is an optical cue?
answer well they provide depth information when viewing a scene with both eyes.
i don't know how else to explain it
How important are signs.symbols and designs in relation to carpentry?if you do not have access to internal.you may answer based on your opinion
Answer:
Symbols—such as gestures, signs, objects, signals, and words—help people understand that world. They provide clues to understanding experiences by conveying recognizable meanings that are shared by societies.
Explanation:
I HOPE IT HELPS PO...☺️☺️☺️Marcia's application for a mortgage loan has been denied. To stay in compliance with ECOA and Regulation B, the Adverse Action notice sent by the lender must contain a statement that Marcia can request a specific reason for the denial if she does so within ____ days of receipt of the lender's notification.
According to ECOA and Regulation B, the Adverse Action notice must contain a statement which states that Marcia can request a specific reason for the denial if she does so within sixty (60) days.
What is a mortgage loan?A mortgage loan can be defined as a secured loan that is primarily used to finance (purchase) or maintain a property in real estate such as:
A landA homeWhat is an adverse action notice?An adverse action notice can be defined as an explanation that is given by a lender to inform a borrower that he or she has been denied credit, insurance, employment, or other benefits based on the information that were provided in a credit report.
Under the Equal Credit Opportunity Act (ECOA) and Regulation B, borrowers are shielded from potential credit discrimination because lenders (creditors) are mandated to inform and explain to them the reasons an adverse action was taken.According to Equal Credit Opportunity Act (ECOA) and Regulation B, the Adverse Action notice must contain a statement which states that Marcia can request a specific reason for the denial if she does so within sixty (60) days.
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The data show the
number of railroad crossing accidents for the 50 states
of the United States for a specific year. Construct a
histogram, frequency polygon, and ogive for the data.
Comment on the skewness of the distribution. (The data
in this exercise will be used for Exercise 14 in this
section.)
Class limits Frequency
1–43 24
44–86 17
87–129 3
130–172 4
173–215 1
216–258 0
259–301 0
302–344 1
Answer:
I hope this helps
Explanation:
216-258 0
ABC stock is currently selling for $120. The exercise price of the call option is $125. Using a one-period binomial model, calculate the price of the call option assuming an interest rate of 3% per year. Assume further that over the next year, the stock price will either increase by 10% or decrease by 10%. What is the price of the call option? Show detailed work
The probability weighted average of the interest rate future values at the end of each of the three periods is used to determine this, and the future values are then discounted back to the present using the interest rate.
The tree is built using the current stock price and a simulation of the up and down movements over the course of the three periods using the provided probability and percentage changes.
Each end node's option value is determined before being processed back up the tree to the starting node. The starting node's computation serves as the end option value.
The stock's annual payout range is $27 - $17 = $10.
If the stock price is $27 when the option expires, its value will be =$27-$22 =$5.
If the stock price is $17, the option will also have no value.
The stock option has a payment range of $5 and $0;0 = $5.
To determine the amount of stock shares, balance the range:
$5/10 = 0.5 Option range/Stock range
The stock option payoff for 0.5 shares will be either $13.5 or $8.5. The payout for the portfolio and options will be $13.5- $5, which equals $8.5, or $8.5 $0; 0 = $8.5.
PV = $8.5/ (1+) is the present value of $8.5 at the daily compounding risk-free rate.
Complete question:
ABC stock is currently selling for $120. The exercise price of the call option is $125. Using a one-period binomial model, calculate the price of the call option assuming an interest rate of 3% per year. Assume further that over the next year, the stock price will either increase by 10% or decrease by 10%. What is the price of the call option? Show detailed work?
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For the office supplies account on the worksheet, the trial balance has a debit balance of $1,200 and a $900 debit balance on the adjusted trial balance. What was on the adjustment column for office supplies
Answer: 300 Credit
Explanation:
what specific advancement topics are discussed at the cdb
The specific advancement topics discussed at a professional or technical conference would depend on the conference's focus and objectives, as well as the target audience and industry sector being addressed.
Assuming you are referring to a professional or technical conference, the specific advancement topics discussed may vary depending on the theme and focus of the conference. Some common advancement topics that may be discussed at a professional or technical conference could include:
Advances in technology and innovation
New research and development in the industry
Emerging trends and best practices in the field
Changes in regulations or policies that impact the industry
Strategies for improving operational efficiency and performance
Case studies and real-world examples of successful projects and initiatives
Professional development and skills training
Networking and collaboration opportunities
Global market trends and their impact on the industry
Sustainability and environmental initiatives.
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Which savings account will earn the most interest?
A $5,000 at 4 percent interest compounded for four years
B. $10,000 at 2 percent interesi compounded for four years
C. $10,000 at 2 percent simple interest for four years
D. $5,000 at 4 percent simple interest for four years
The savings account that will earn the most interest is $10,000 at 2 percent interest compounded for four years.
What is simple interest and compound interest?Simple interest rate is the interest that is paid only on the principal portion of a loan. Compound interest is when both the amount deposited and the interest already earn increase in value when interest is paid.
Thus, when an account is compounded and the other earns a simple interest, the account that earns a compound interest would have a higher value than the account that earns a simple interest.
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Answer:
The answer is A. $5,000 at 4 percent interest compounded for four years.
Assume uber planned to cut losses by 40% by withdrawing from counties like china and singapore. A year has now passed since they have withdrawn and the company determines that losses have actually increased. Which step in the planning/control cycle does uber need to now execute?.
Consider a scenario in which Uber intended to reduce losses by 40% by leaving nations like China and Singapore. After a year has gone after their withdrawal, the business concludes that losses have increased. Uber must now carry out the planning/control cycle's control the direction phase.
control the direction was the goal. Even if operations were stopped in several nations, losses grew. To achieve its goal, Uber must manage the direction.
With the Driver app, you may control the direction to take you to your house, the store, or wherever else you need to go. The program then looks for other riders who are going in the same direction and who you might meet along the way.
How a company may meet these needs through planning and monitoring is covered in planning and control, which is also referred to as production. Production also refers to the control and planning processes.
In reality, Uber has reframed the problem. It was started in 2009 in order to deal with the planning and control issue of instantaneous transportation. Making transportation safer with autonomous vehicles is described as one of the challenges.
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You can buy a computer with your credit card and pay for it over the course of one year. With an interest rate of 16 percent, you would need to pay $181.46 for 12 months to pay off the charge. You can rent the computer for 12 months for $200 per month and, at the end of the rent period, buy it for $300. How much will you save by purchasing the computer with your credit card instead of using the rent-to-own plan?
Answer:
you can save $522.48 by purchasing the computer with the credit card
Explanation:
total money paid to the credit card company = $181.46 x 12 = $2,177.52
total money paid for renting the computer = $200 x 12 = $2,400, plus the final payment = $2,400 + $300 = $2,700
money saved by using the credit card = $2,700 - $2,177.52 = $522.48
Hoi Chong Transport, Ltd. Operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 125,000 kilometres during a year, the average operating cost is 12.520 cents per kilometre. If a truck is driven only 90,000 kilometres during a year, the average operating cost increases to 16.5 cents per kilometre. (The Singapore dollar is the currency used in Singapore.)
Answer:
The total cost will be "$1,279,286.25".
Explanation:
The total cost at 125000 Km will be:
\(=125000\times 12.520\)
\(=1,565,000\) ($)
The total cost at 90000 Km will be:
\(=90000\times 16.5\)
\(=1,485,000\) ($)
The variable cost will be:
\(=\frac{(1,565,000 - 1,485,000)}{(125000 -90000) }\)
\(=2.28571\) ($)
Now,
Fixed cost = \(Total \ cost -variable \ c ost\)
= \(1,565,000 - 125000\times 2.28571\)
= \(1,279,286.25\) ($)
Why is a legal framework needed for a market economy to function?.
A legal framework is necessary for a market economy to function since it offers rules and regulations that help guide economic activities.
It ensures the security of private property and the enforcement of contracts, which is crucial for trade, commerce, and the overall economy.
Why is a legal framework necessary for a market economy?In a market economy, market forces of supply and demand dictate economic activities. It means that businesses and consumers interact, and the state does not interfere with the economy's operation. As such, the economy requires some rules and regulations that guide economic activities.
Therefore, a legal framework is crucial in providing a stable economic environment that fosters innovation, investment, and growth. It provides legal protection for economic actors, ensuring that their rights are protected and that their interests are considered.
Furthermore, a legal framework establishes the basis for a well-functioning market by specifying the procedures and regulations for trade, commerce, and transactions. In conclusion, a legal framework is necessary for a market economy to function since it offers rules and regulations that help guide economic activities. It ensures the security of private property and the enforcement of contracts, which is crucial for trade, commerce, and the overall economy.
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Which of the following is a way that a factory can help mitigate inflation?
•The factory can change production levels to meet demand to help
more product when demand rises.
• The factory can take out loans to invest in capital and cover operational cost during periods of inflation.
• The factory can hire more part-time workers compared to full-time workers to be more responsive to changing market conditions.
• The factory can develop a strict pricing model that illuminates any changes in prices.
One way that a factory can help mitigate inflation is the factory can develop a strict pricing model that illuminates any changes in prices. Option D is correct.
Developing a strict pricing model that illuminates any changes in prices can help a factory mitigate inflation. Inflation refers to the general increase in prices over time, leading to a decrease in the purchasing power of money.
By closely monitoring and adjusting prices in response to inflation, the factory can minimize the impact of rising costs on its operations and profitability.
This pricing model can involve regularly assessing input costs, such as raw materials and energy, and adjusting product prices accordingly. By staying proactive and reflective of changing costs, the factory can maintain its profit margins and competitiveness in the market, mitigating the negative effects of inflation.
Therefore, option D is correct.
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How do you think investing relates to wealth inequality?
Ria Private Corporation is into mobile phones manufacturing field. It has seen a major improvement in cost reduction as it has instituted a four-week training program for all of its employees who are under probation. During training sessions, new joiners are encouraged to express their views and ideas and asked to make it a two-way communication while interacting with the speaker. Trainers have rewarded the good ideas immediately to make the session more effective as a token of encouragement. Which of the following factors would better describe the success of training? Answer choices: a. Task analysis b. Situational constraints c. Social support d. Cognitive ability
The success of training in Ria Private Corporation, which is into mobile phones manufacturing field, would be better described by social support. Social support would better describe the success of training.
"What is social support"? Social support refers to the encouragement and aid provided to an individual by their social network. Social support is the notion of being able to rely on others when in need. It can take a variety of forms, including emotional, practical, or informational assistance.What is the importance of social support?Social support has a number of advantages, including improved physical health, mental well-being, and the ability to cope with adverse events.
It is particularly beneficial to those who have experienced traumatic events, such as disasters or interpersonal violence. It can help to reduce the harmful effects of stress, such as high blood pressure, and is linked to better recovery rates from illness.
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what will happen to trade if business is flourishing?
Answer:
if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand
What are B2C and B2B sales?
B2C and B2B sales refers to business-to-consumer and business-to-business sales respectively.
What is business-to-consumer sales?Business-to-consumer (B2C) companies having consumers as their end-users increasingly came to be known by this phrase when it gained popularity in the 1990s.
This contrasts with business-to-business (B2B) firms, or those whose main customers are other businesses. B2C businesses conduct their business online and offer goods to clients. Several B2C corporations include Amazon.
B2C, or business-to-consumer, is a retail model where things are delivered directly to the customer who has made a personal purchase of the goods or service.
Business-to-business sales are referred to as B2B sales. It describes enterprises or salespeople who engage in direct business-to-business (B2B) sales of goods and services.
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The Ministry of Misallocation has decreed that the production of widgets must be 5000 each month and that the production of gizmos must be 8000 each month. Calculate the deadweight loss in each market caused by these restrictions?
The restrictions result in a $10,000 deadweight loss in the widget industry and a $60,000 deadweight loss in the gadget market.
Widget production is required to be 5000 per month, while gizmo manufacturing is required to be 8000 per month, according to the Ministry of Misallocation. We shall determine the deadweight loss brought on by these restrictions in each market.
Widget Store An ineffective distribution of resources results in deadweight loss in a market. Since there must be 5000 widgets produced each month, the suppliers aren't allowed to create more than that amount. It could result in a lack of widgets in the market, which caused the cost of widgets to rise.
However, customers may be willing to purchase more than 5000 widgets at the lower price but are unable to do so due to the restriction. As a result, the market for widgets experiences a deadweight loss.
Deadweight loss is calculated as (1/2) * (P1-P2) * (Q1-Q2) Deadweight loss is calculated as (1/2) * (P1-P2) * (Q1-Q2).
Deadweight loss is calculated as (1/2) * (10-12) * (6000-5000).
$10,000 deadweight loss
Device MarketGizmo production is capped at 8000 per month, much like the widget industry, therefore vendors aren't allowed to make more than that amount. This could result in a dearth of gadgets on the market, driving up prices. in the cost of gadgets.
However, customers might be wanting to purchase more than 8000 gadgets at the lower price but are unable to do so due to the restriction. As a result, the market for gadgets loses deadweight as a result.
Deadweight loss is equal to (1/2)*(P1-P2)*(Q1-Q2)
Deadweight loss is equal to (1/2)* (16–20)*(10,000–8000).$60,000 deadweight loss
In conclusion, the limits have resulted in a $10,000 deadweight loss in the widget industry and a $60,000 deadweight loss in the gadget market.
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For financial statement audits, auditors need to understand controls that are relevant to the audit in order to
A) identify and assess the risks of material misstatements.
B) perform preliminary analytical procedures.
C) detect fraud.
D) assess inherent risk.
In order to identify and evaluate the risks of material misstatements, auditors for financial statement audits must have a thorough understanding of the controls that are pertinent to the audit.
Auditors can assess the efficacy of these controls in reducing the risks of substantial misstatements in the financial statements by knowing the controls adopted by the audited organisation. With this knowledge, auditors can create appropriate audit processes that take the risks that have been identified into account. As well as analysing the overall risk of material misstatement, it aids in deciding the kind, timing, and scope of audit operations. To acquire a fair level of certainty regarding the correctness and dependability of the financial accounts under audit, auditors must have a thorough understanding of controls.
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Essay: Are Songs Poems?
Write an introduction.
What are your agurments? Which side are you on? Do you agree or
disagree? Explain
Songs can be considered poems. The use of figurative language, rhyme, and meter, and the intention to express thoughts and emotions are all characteristics shared by both forms of literature. While songs may have additional elements such as music, these elements do not diminish the poetic qualities of the text.
Songs and poems share similar traits. Both forms of literature have meter, rhyme, and rhythm. Therefore, it is essential to determine whether songs can be considered poems. In this essay, I will argue that songs can be considered poems.
Arguments The similarity between songs and poems can be seen in various ways. For instance, both forms of literature use figurative language, such as metaphors, similes, and personification. Moreover, both forms are written to express emotions, thoughts, and ideas, to tell a story, and to make social and political commentary.
Additionally, both forms of literature use rhyme and meter to emphasize specific words and to establish a sense of harmony. Songs, however, are unique in the way they use music to enhance their poetic qualities. The use of music adds another layer of complexity to the text and allows for a deeper emotional connection between the listener and the artist.
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The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
Answer: See Image Below
The adjusting entries for Skysong, Inc. for March is prepared from the given selected accounts before adjusting entries have been prepared.
What are adjusting entries?Adjusting entries are journal entries that are typically made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for making adjusting entries for unearned and accrued revenues.
The adjusting entries are as follows:-
No. Date Account Tiles and Explanation Debit Credit
1. March 31 Depreciation expense 756
Accumulated Depreciation expense 756
2. March 31 Unearned Rent revenue 5580
Rent revenue 5580
3. March 31 Interest Expense 360
Interest payable 360
4. March 31 Supplies Expense 1935
Supplies 1935
5. March 31 Insurance Expense 1080
Prepaid Insurance 1080
Therefore, the adjusting entries are prepared on March 31.
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