The 19th and 20th centuries were marked by significant changes and developments that had a profound impact on global politics and society. While there are some important
Why we can brief synopsis of major events, themes in each period and compare and contrast?The two time periods that will be compared are the 19th and 20th centuries.
19th Century:
The 19th century was a period of great change and upheaval, characterized by the Industrial Revolution and the rise of modern nation-states. In Europe, the period was marked by the Napoleonic Wars and the subsequent Congress of Vienna, which led to the establishment of a system of balance of power that would last for most of the century. The period also saw the spread of colonialism and the scramble for Africa, as European powers sought to expand their empires.
One of the most significant developments of the 19th century was the emergence of nationalism, which led to the creation of new nation-states and the consolidation of existing ones. This period saw the formation of Germany and Italy as unified states, as well as the rise of nationalistic movements in places like Ireland and Poland.
20th Century:
The 20th century was a period of great turmoil and conflict, marked by two world wars and the Cold War. The early part of the century saw the rise of fascism and communism, as well as the collapse of the Ottoman Empire and the establishment of new nation-states in the Middle East.
The first half of the 20th century was dominated by two world wars, which had a profound impact on global politics and society. The aftermath of World War II saw the emergence of the United States and the Soviet Union as superpowers, which led to the Cold War and the development of nuclear weapons.
One of the most significant developments of the 20th century was the process of decolonization, which saw many former colonies in Asia and Africa gain independence. This period also saw the emergence of new forms of global cooperation, such as the United Nations and the European Union.
Comparison:
The 19th and 20th centuries were marked by significant changes and upheavals, but there are also some important similarities between the two periods. Both periods saw the rise of nationalism and the formation of new nation-states. The 20th century saw the continuation of this trend, with the collapse of empires and the emergence of new nation-states in the Middle East and Africa.
Both periods also saw significant developments in technology and industry. The 19th century was marked by the Industrial Revolution, while the 20th century saw the development of new technologies like nuclear power and the Internet.
There are also some important differences between the two periods. The 19th century was marked by the spread of colonialism and the expansion of empires, while the 20th century saw the process of decolonization and the emergence of new forms of global cooperation. The 20th century was also marked by two world wars and the Cold War, which had a profound impact on global politics and society.
Common Themes:
One common theme that emerges from both periods is the importance of geography and natural resources. The Arctic region, for example, was a key area of interest for European powers during the 19th century, as they sought to expand their empires and gain control of resources like furs and timber. In the 20th century, the Arctic became a key strategic region during the Cold War, as both the United States and the Soviet Union sought to establish military bases and gain control of resources like oil and gas.
Another common theme is the importance of indigenous peoples and their relationship with the land. The 19th century saw the displacement and marginalization of indigenous peoples as European powers expanded their empires. In the 20th century, there was a growing recognition of the importance of indigenous rights and the need to protect the environment.
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A winning strategy must pass three tests:
1. The fit test.
• Does it exhibit good fit with the external and internal aspects of the firm's dynamic situation?
2. The competitive advantage test.
• Is it likely to result in a sustainable competitive advantage?
3. The performance test.
• Is it producing superior performance, as indicated by the firm’s profitability, financial and competitive strengths, and market standing?
Keeping what you read in mind, answer the following questions. Use AMAZON
1. How does Amazon utilize these strategies?
2. Discuss if Amazon is successful or not in how they implement their strategy.
3. If you could add one more strategy for this company, what would it be, and how would you implement and evaluate?
Amazon definitely uses best fit with market situations.
Amazon has a culture of testing ideas rigorously and then doubling down on the things that are effective. And as a company that’s not afraid to fail, and will put money on the line to develop a product or service, even if the product poses some risk of failing.
In an enterprise, an aggressive advantage is an attribute that lets an organization outperform its competition. A competitive advantage might also encompass getting entry to herbal sources, which include high-grade ores or a low-price electricity source, relatively skilled hard work, geographic area, excessive access barriers, and get entry to a new era and to proprietary information.
Competitive gain is the leverage an enterprise has over its competition. this may be won by way of providing clients with better and greater value. advertising services or products with decreased charges or better exceptional piques the interest of clients. that is the motive at the back of emblem loyalty, or why customers prefer one unique service or product over another. fee proposition is essential when know-how competitive gain.
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A piece of equipment having a negligible salvage and scrap value if estimated to have a MACRS and straight line recovery period of 5 years. The original cost of ther equipment was $500,000. Determin the depreciation charge of the euipment for the second yeqr if straight line depreciation is used and the percentage of the original investment paid off in the first 2 years.
Approximately 40% of the original investment would be paid off in the first 2 years through depreciation.
To determine the depreciation charge for the equipment in the second year using straight-line depreciation, we need to divide the original cost of the equipment by its recovery period.
The original cost of the equipment: $500,000
Recovery period: 5 years
Straight-line depreciation charge per year: Original cost / Recovery period
Depreciation charge per year = $500,000 / 5 = $100,000
Therefore, the depreciation charge for the equipment in the second year using straight-line depreciation would be $100,000.
To calculate the percentage of the original investment paid off in the first 2 years, we need to sum up the depreciation charges for the first two years and divide it by the original cost of the equipment.
The depreciation charge for the first year: $100,000
The depreciation charge for the second year: $100,000
Total depreciation for the first two years: $100,000 + $100,000 = $200,000
Percentage of original investment paid off in the first 2 years: (Total depreciation / Original cost) x 100
Percentage = ($200,000 / $500,000) x 100 ≈ 40%
Therefore, approximately 40% of the original investment would be paid off in the first 2 years through depreciation.
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According to piaget it is not until the age of 8 to 12 months, during the coordination of ______, that object permanence emerges and that infants will search for hidden objects.
According to Piaget, it is not until the age of 8 to 12 months, during the coordination of sensorimotor skills, that object permanence emerges and infants will search for hidden objects. Object permanence refers to the understanding that objects continue to exist even when they are out of sight.
It is a significant milestone in cognitive development. Before the age of 8 to 12 months, infants lack this understanding and may believe that objects cease to exist when they are no longer visible. During the coordination of sensorimotor skills, infants gain the ability to mentally represent objects and anticipate their presence even when they are hidden. This cognitive advancement allows them to actively search for objects.
This demonstrates their understanding that the toy still exists, even though it is not immediately visible. In summary, according to Piaget, object permanence emerges around 8 to 12 months of age during the coordination of sensorimotor skills. This milestone enables infants to search for hidden objects and signifies an important development in their cognitive abilities.
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Suppose a colleague of yours is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statement first to get that job out the way before she tackles the rest of the plan. What is the flaw in your colleague’s logic as described to you
Answer:Even though preparing a financial statement is an important part of a business plan, you shouldn't do it first and think of it as "getting that job done." Several reasons for this include:
The business plan's other components are interconnected with financial statements: The executive summary, company description, marketing plan, operations plan, and management plan are all interconnected with the financial statement, which is not a stand-alone section of the business plan. The financial statement is influenced by each of these elements. Sales projections, for instance, will be influenced by the marketing plan, which in turn will have an effect on revenue and other financial projections.
Without a comprehensive business plan, it is challenging to produce accurate financial statements: Information about the business's costs, expenses, and revenue sources is necessary for financial statements to be accurate and complete. Financial statements can be made more accurately with the assistance of a comprehensive business plan, which provides a deeper comprehension of the company's operations, target customers, and competition.
The overall business strategy should be reflected in the financial statement: The overall business strategy and objectives ought to be reflected in the financial statement. There is a risk of producing a financial statement that does not align with the business's overall objectives if the financial statement is prepared before the business strategy and goals are identified.
As a result, it is absolutely necessary to approach the creation of a business plan from a holistic perspective and to not place any aspect above others. To ensure a cohesive and efficient plan, each component should be developed with the other components in mind.
Explanation:
the highest dollar value of reserves is typically task contingency. True/False
False. The highest dollar value of reserves is typically held as a precautionary measure, known as reserve contingency, to ensure financial stability and address unforeseen circumstances. Task contingency refers to the allocation of resources for specific tasks or projects, which may or may not involve reserves.
The highest dollar value of reserves typically refers to the accumulation of financial resources held by central banks or financial institutions. These reserves are primarily composed of foreign currency assets, such as foreign exchange reserves, that are used to maintain stability in the domestic currency and support the country's monetary policy objectives.
It's important to note that the allocation and management of reserves can vary depending on the specific context and purpose. Central banks and financial institutions have different strategies for maintaining reserve levels and determining their composition based on various factors, including economic conditions, financial stability, and policy objectives.
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Perform online research and find a house you would like to own. Calculate the cost of utilities, services, maintenance, and insurance to buy the home.
(Answers may vary.)
I found an apartment in Chicago that I would like to rent. The monthly rent is $900, but there are other fees for me to consider as a renter. Utilities (electric, water, cable, internet access, etc.) cost $300 a month. Building services, including parking and access to the gym, cost $50 a month. Maintenance fees for the building are $25 a month. Renter’s insurance is $12. The cost of living independently in this Chicago apartment is $1,287 a month.
Explanation: edmentum sample answer
Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products to build on a ________.
product platform
product dais
product pulpit
product foundation
product template
Answer: product platform
Explanation:
Product platform is simply referred to as the common elements regarding the products of a company. When a new product is introduced into a particular market, the existing elements can be used.
Since Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products, the product platform is attributable here.
any cost that is imposed without compensation on someone other than the person who caused it is called a(n) cost. multiple choice external private network social
Any cost that is imposed without compensation on someone other than the person who caused it is called an external cost.
When creating or using a good or service results in a cost (bad outcome) for a third party, that is when an external cost arises.
The social costs will be greater than the private costs if there are negative external costs associated with using a good.
A market can fail if external expenses are present. This is so because external costs are typically disregarded in the free market. The cost to a third party from the consumption or production of one more unit is known as the external marginal cost (XMC). Someone not connected to the transaction is responsible for external costs. The contrast between private and external advantages is the same.
Private benefits are advantages enjoyed by those who purchase and use a good. Benefits to a third party are referred to as external benefits.
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The Jones Jewelry company has located the design and production of its jewelry operations offshore; the jewelry is being produced in Bangladesh. As a result, Jones Jewelry is exposed to all the following risks EXCEPT risks from _______.
As a result of Jones Jewelry locating the design and production of its jewelry operations offshore while producing in Bangladesh, Jones Jewelry is exposed to all the following risks EXCEPT risks from A. highly uniform quality standards.
What are the risks faced by multinational companies?The risks faced by multinational companies include:
Institutional failuresCrimePolitical instability and violence (geopolitical conflicts, foreign nationalization of assets)Fluctuations in currency exchange rates.Answer Options:A. highly uniform quality standards.
B. foreign nationalization of assets
C. geopolitical conflict
D. unintended knowledge leakage to foreign competitors
Thus, the only risk that Jones Jewelry may not be exposed to is A. highly uniform quality standards.
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when will the irs start releasing refunds with earned income credit
Keep in mind that refunds that include the Additional Child Tax Credit (ACTC) and Earned Income Tax Credit (EITC) cannot be granted until mid-February. We are unable to release an EITC or ACTC refund before the middle of February.
Do you consider refunds to be earnings?Because it lowers your business expenses, a refund is a specific kind of expense transaction (as though the original purchase was for a lesser amount). The revenue shouldn't be reported.
What is the procedure for receiving a tax refund?When you file your income tax return, the assessment officer must approve of the form's income tax calculation. The officer may grant your request for a tax refund if the balance of your advance tax payment, as shown on Form 26AS, is greater than your tax obligation, as shown on the filed ITR.
A refundable tax benefit for low- and moderate-income employees is the earned income tax credit, sometimes referred to as the EITC or EIC.
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Toxic materials, of an abnormally dangerous nature, were being transported by truck from a manufacturer's plant to a warehouse when some of the materials leaked from the truck onto the street a few miles from the plant. A driver lost control of his car when he hit the puddle of spilled toxic materials on the street, and he was injured when his car hit a stop sign. In an action for damages by the driver against the manufacturer based on strict liability, is the driver likely to prevail
Answer:
No, because the drivers injury did not result from the toxicity of the materials.
Explanation:
In the context, a strict liability in this situation will be based on abnormally dangerous nature of the toxic materials that the manufacturer produces. But the strict liability action is required that the risk which materializes to be the same risk which lead the courts to be label the event as 'abnormally dangerous' in its first place itself. In this situation, the toxicity of the materials is not the cause of the injury of the driver, the driver's only cause of action is his negligence while driving.
Project: How Entrepreneurs Improve the Economy
This project will focus on researching different ways that entrepreneurs improve the economy. You will then explore these ways and
explain whether you agree or disagree with how each can improve the economy.
During this project, you'll accomplish the following:
O Objectives
• Research at least five ways that entrepreneurs improve the economy and explain whether you agree or disagree with each.
Directions
Use the Internet to research different ways that entrepreneurs improve the economy. You will need to have at least five ways. Be sure
to include the URL links you used as resources in the space below.
Now that you have completed the research, record your findings in the table below and include the links,
1 Fillin five ways that entrepreneurs improve the economy
Answer:
time management
make best decision
saving the budget
having ideas
never relaxed
When trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as _____
When trying to assess whether an applicant will be a good performer, managers utilize Selection Tools.
What selection tools?Selection is the process that managers in all organizations use to determine:
The qualifications of job applicants. Their performance potential.The known selection tools include:
Paper-and-pencil testsPhysical abilities testPerformance testsBackground informationInterviewsReferences.Thus, when trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as Selection Tools.
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mc algo 6-36 calculating annuity periods thom owes $6,000 on his credit card. the credit card carries an apr of 17.8 percent compounded monthly. if thom makes payments of $195 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? multiple choice
It will take Thom approximately 37 months to pay off his credit card debt of $6,000, assuming he makes no additional charges and pays $195 per month.
To calculate how long it will take for Thom to pay off his credit card, we can use the annuity formula.
First, we need to convert the annual interest rate to a monthly rate. The annual interest rate is 17.8 percent, so the monthly interest rate is 17.8/12 = 1.48 percent or 0.0148.
Next, we can use the annuity formula:
PV = PMT * [(1 - (1 + r)^(-n)) / r]
Where:
PV is the present value or the amount Thom owes ($6,000),
PMT is the monthly payment Thom makes ($195),
r is the monthly interest rate (0.0148),
n is the number of months it will take to pay off the credit card.
Substituting the given values into the formula, we have:
6000 = 195 * [(1 - (1 + 0.0148)^(-n)) / 0.0148]
Simplifying this equation, we can solve for n using algebra or trial and error methods. By trying different values of n, we find that Thom will take approximately 36.85 months to pay off his credit card.
Therefore, the answer is approximately 37 months.
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Complete question : Thom owes $6,000 on his credit card. The credit card carries an APR of 17.8 percent compounded monthly. If Thom makes monthly payments of $195 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? Select one: a. 30.77 months b. 38.64 months c. 11.4 months O d. 41.4 months e. 44.58 months
As a manager, you have been asked to work with your employees to develop goals. What can you expect from this process?.
One of the key things that you can expect is that this process will help to align the goals of your employees with the goals of the organization. By doing this, you can ensure that your employees are all working towards the same objectives, which can help to improve overall productivity and effectiveness.
Additionally, you can expect that this process will help to increase employee motivation, engagement, and job satisfaction, as employees will feel more invested in their work and will have a clearer understanding of what is expected of them. Another thing that you can expect from this process is that it will help to improve communication and collaboration among your team members. When employees work together to develop goals, they will have to communicate and collaborate to determine what is feasible and what is not, and they will need to work together to determine how best to achieve their objectives.
This can help to improve overall team dynamics and create a more positive work environment.Finally, you can expect that this process will help you to identify areas where additional training or support may be needed. When you work with your employees to develop goals, you may discover that there are certain areas where they lack the necessary skills or resources to achieve their objectives. This can help you to identify areas where additional training or support may be needed to help your employees succeed. Overall, working with your employees to develop goals can be a highly beneficial process that can help to improve overall organizational effectiveness and employee job satisfaction.
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The expansion phase of a business cycle is a period during which:
A. the economy steadily grows.
B. the economy steadily declines.
C. the economy hits its highest point.
D. the economy hits its lowest point
Answer:
A. the economy steadily grows.
Explanation:
A business cycle is the periodic fluctuations of economic activities in the country. Naturally, the economy will experience seasons of boom and periods of downturns.
The expansion phase is the period where a business experiences steady growth, as indicated by a rise in GDP value. The expansion comes after a recession where the economy was experiencing minimal or negative growth. At the expansion phase, demand for goods and services is increasing, job opportunities are being created, and incomes are rising.
Answer:A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.A. the economy steadily grows.
Explanation:
journal entries commenced business with cash Rs.50,000
Answer:
cash dr
Explanation:
to capital A/c ( being bussined started cash)
Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $564,600.
Year 1: 179,200
Year 2: 133,800
Year 3: 127,600
Year 4: 172,200
Year 5: 167,900
Round the answer to two decimal places in percentage form
The internal rate of return (IRR) for the given series of future cash flows, with an initial outlay of $564,600 and subsequent cash flows in Years 1 to 5, is approximately 9.28% when rounded to two decimal places.
To find the internal rate of return (IRR) for the given series of cash flows, including an initial outlay of $564,600 and subsequent cash flows in Years 1 to 5, you can use a financial calculator or software to calculate the IRR. The IRR is the discount rate at which the present value of the cash flows equals the initial outlay.
Input the cash flows as follows:
Year 0 (Initial Outlay): -$564,600
Year 1: $179,200
Year 2: $133,800
Year 3: $127,600
Year 4: $172,200
Year 5: $167,900
Using a financial calculator or software, calculate the IRR, which represents the rate of return on the investment. The IRR is the rate at which the net present value (NPV) of the cash flows is equal to zero.
The IRR for this series of cash flows is approximately 9.28% when rounded to two decimal places. This indicates that the project's cash flows, when discounted at a rate of 9.28% per period, will result in a net present value of zero. In other words, the project's returns are equal to the initial investment, making it a financially viable investment option.
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which is considered a room–related occupancy cost?
Complimentary breakfast costs is taken into account as a room-based occupancy cost. Option A is correct.
Costs associated with occupying a space are known as occupancy costs, and they include expenses for rent, real estate taxes, personal property taxes, building and contents insurance, and depreciation and amortization .
Due to the rising cost of real estate, these tend to be higher for newcomers to a market. The tenant's annual occupancy cost is the total of all costs related to occupying their space, including base rent, reimbursements for common area maintenance, reimbursements for real estate taxes, and percentage rent.
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Complete question as follows:
Which is considered a room-related occupancy cost?
A. complimentary breakfast costs
B. costs associated with operating the hotel's website
C. mortgage payments
D. a revenue manager's salary
What is the structure of Public corporation
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
A will can be written by
Answer: what?
Explanation:
Which of the following will you see in a credit card monthly statement?
A: The annual financial plan for the year
B: The interest charged for reach type of service used
C: The deductible for the interest charged to the card
D: The amount of money you may get in the future
mcdonnell-myer corporation reported net income of $1,581 million. the company had 483 million common shares outstanding at january 1 and sold 42 million shares on february 28. as part of an annual share repurchase plan, 12 million shares were retired on april 30 for $33 per share. calculate mcdonnell-myer's earnings per share for the year
To calculate McDonnell-Myer Corporation's earnings per share (EPS) for the year, we need to consider the changes in the number of common shares outstanding during the year.
1. Calculate the weighted average number of shares outstanding:
Common shares outstanding at January 1: 483 million
Additional shares sold on February 28: 42 million
Shares retired on April 30: 12 million
Weighted average shares = (Shares at the beginning * Number of months) + (Shares sold * Number of months) - (Shares retired * Number of months)
Weighted average shares = (483 million * 12) + (42 million * 2) - (12 million * 9)
Weighted average shares = 5,796 million + 84 million - 108 million
Weighted average shares = 5,772 million
2. Calculate earnings per share:
Earnings per share = Net Income / Weighted average shares
Earnings per share = $1,581 million / 5,772 million
Earnings per share ≈ $0.274
Therefore, McDonnell-Meyer Corporation's earnings per share for the year is approximately $0.274.
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1. If you are the seller, how will you improve your product to make it saleable? 2. If you are a buyer, what are the things do you need to consider in buying a product? Why?
Answer: 1) The product should be what meets the customer's need; No one wants to buy a product and dump it in their homes, so it must meet their exact needs. 2) Customer service: asides selling great product, a great customer service would bring the client, sustain them and through them get referrals
3) Having a great sales plan or campaign which would register the products in the hearts of the client.
Explanation:
Selling is a skill on its own to be learnt, and there some things to consider to have good sales, here are the following;
1) The product should be what meets the customer's need; No one wants to buy a product and dump it in their homes, so it must meet their exact needs. 2) Customer service: asides selling great product, a great customer service would bring the client, sustain them and through them get referrals
3) Having a great sales plan or campaign which would register the products in the hearts of the client.
Things I'll consider while buying a product;
1) How good it is: products are meant to be enjoyed and not endured.
2) Customer service: having someone who understands the product very well would always make the client time keep returning
who wants to vc wit me im depressed
When someone you care about is depressed, giving advice or wisdom may be something you do with only good intentions in mind.
So, yes Video calling would be a good option.
The straightforward definition of depression?Mental disorders like depression are rather thing. It is believed that 5% of individuals worldwide experience this condition. It is characterized by enduring unhappiness and a loss of interest or pleasure in formerly rewarding or delightful activities. It may also between with appetite and sleep.
What is the modern term for depression?Depression, now known as major depressive disorder or clinical depression, is a common but dangerous mood disease. It creates bad symptoms that interfere with your ability to function on a daily basis, including sleeping, eating, and working.
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Some personal finance experts say people should try to save about 15 percent of their take-home income. True or False?
Answer:
true
Explanation:
Saving money is worth the effort. It gives you peace of mind, it gives you options, and the more you save, the easier it becomes to accumulate additional savings.
2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)
The correct answer to this open question is the following.
Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.
That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.
Answer:
I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.
I could make the change by
Budgeting in October:
food from spending -$70 back to -$60
cut clothes off since I bought some already from -$40 to $0
budget my discretionary spending from -$60 back to -$40
This would increase my savings to $230
why are medical related professions and human resources important?
Answer:
because sometimes they help us to get some medicine which can be used to cure a particular disease
A tax that takes a higher percentage of income from people with lower
incomes is a
A. progressive tax
B. deductive tax
C. dependent tax
D. regressive tax
A regressive tax is a tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.
What is regressive tax?When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.
Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.
Thus, option D is correct.
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when desoto water works purchased equipment at the end of 2020 at a cost of $65,000, the company debited buildings and credited cash $65,000. the error was discovered in 2021. prepare the journal entry desoto will use to correct the error
The rectifying journal entry in the books of Desoto water works was:
Equipment (Dr.) $ 65,000
Building (Cr.) $ 65,000.
What do you mean by the rectification?
Rectification of errors is the process of correcting errors produced in transaction recording. These errors can happen when publishing transactions to ledger accounts, categorising accounts, carrying over balances, etc.
Inaccuracies that can be corrected by making a journal entry include those that entail errors on both the debit and credit sides and do not affect the trial balance.
Therefore, in the rectifying journal entry in the books of Desoto water works was:
Equipment (Dr.) $ 65,000
Building (Cr.) $ 65,000.
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