Smith Services ceased doing business and was dissolved in 2018, with its assets being distributed to creditors. Laker Express only recovered a small part of the amount owed by Smith Services, Inc. Tony Smith then opened up a new trucking service business as a sole proprietor. Laker Express sought to recover Smith Services' unpaid fuel charges, which amounted to about $35,000, from Smith. Smith argued that he was not personally liable for a corporate debt. Should a court hold Tony Smith personally liable

The three main conduct expectations identified in the Generally Accepted Auditing Standards (GAAS) are independence, due care, and technical training and proficiency.

Independence requires the auditor to maintain an objective and impartial attitude throughout the audit process, avoiding any relationships or situations that could compromise their objectivity. Due care requires the auditor to exercise professional skepticism and diligence in planning, performing, and reporting on the audit.

Technical training and proficiency require the auditor to possess the necessary knowledge, skills, and expertise to effectively carry out the audit engagement, staying current with industry developments and professional standards. These conduct expectations serve as a foundation for ensuring the quality and integrity of audit engagements.

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--The complete question is, What are the three main conduct expectations identified in the Generally Accepted Auditing Standards (GAAS)?--

Answer:

$91,190

Explanation:

The cost used for recording the land acquired is shown below;

Cash = $88,000

Add: Property taxes for last year = $2,200

Add: Property taxes current year ($1,980 × 1/2) = $990

Therefore, the total cost of land will be

= $88,000 + $2,200 + $990

= $91,190

Answer:

C.) Developing Common Interests

Explanation:

the dude above me is not smart

Answer:

C   edge2020

Explanation:

Answer:product differentiation

Explanation:

Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,

Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.

Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.

Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.

When screening opportunities, aspiring entrepreneurs can follow a systematic approach:

Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.

Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.

Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.

Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.

Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.

Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.

Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.

Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.

Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.

Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.

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The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.

To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.

To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:

NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost

\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)

\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)

NPV = $3,913.04 + $3,537.41 - $7,800

NPV = -$350.55

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Answer:

I think its a dental practice.

Answer:

Dentistry

Explanation:

Orthodontics is a specialty of dentistry that deals with the correction of misaligned teeth.  Basically a dentist who specializes in braces.

Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.

Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.

The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.

Sales tax, excise tax, and customs duty are all examples of indirect taxes.

Therefore, Option A is the correct answer.

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A perfectly competitive firm will not produce any output in the short run and will shut down if the price is less than its minimum average variable cost (AVC).

This is because if the price falls below AVC, the firm is not even able to cover its variable costs, meaning that it is better off shutting down and avoiding any further losses. In the short run, a perfectly competitive firm will continue to produce as long as the price exceeds its average variable cost, but it may not be able to recover its fixed costs. However, if the price falls below the minimum AVC, the firm will not be able to cover even its variable costs, and continuing to produce would only lead to greater losses. Therefore, it is rational for the firm to shut down in the short run if the price falls below the minimum AVC. In the long run, a perfectly competitive firm will exit the industry if it cannot earn a normal profit, which means that it is unable to cover all its costs, including both variable and fixed costs. This is because in the long run, there are no fixed costs, and firms are free to enter and exit the industry. If the price remains below the minimum AVC, the firm will continue to lose money, and eventually, it will exit the industry.

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The finance charge on the average daily balance for the card over 1 month period is $70.

The finance charge is the cost of consumer credit. It includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as a result of or as a condition of credit extension.

Data

The amount used on the Credit card are: $200, $300 and $150 for different period in a year. The balance will for the month will be:

=  $200 + $300 + $150 - ($150 + $150)

= $650 - $300

= $350

The amount of finance charge on the account is:

= 20% * $350

= $70

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Answer:

rat

Explanation:

The most appropriate method to collect the average number of cars using the new highway in a month's time would be (A) Observation. This method allows for accurate and direct counting of cars without relying on self-reported data, which could be subject to bias or errors in recall.

Observation involves directly observing and recording the behavior or phenomenon of interest, without relying on self-report from participants. In this case, an observer could be stationed at various points along the highway to count the number of cars that pass by over the course of a month. This method would provide an accurate count of the number of cars using the highway and would not rely on self-report from drivers.Telephone interviews and questionnaires are methods of self-report, which may be subject to bias or inaccuracies. For example, individuals may not accurately remember or report the number of times they used the highway in a month. These methods may also suffer from response biases, such as social desirability bias, where individuals may provide answers that they believe are socially acceptable, rather than truthful.

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Answer:

1. $24,300

2.$24,300

3. $405.00

4. $324.00

5.$81.00

6. Contribution format income statement

Explanation:

1. Preparation for the contribution format income statement

Todrick Company contribution format income statement

Sales $405,000

Less VARIABLE EXPENSES:

Cost of good sold ($283,500)

($27,000 + $270,000 - $13,500)

Selling expenses ($20,250)

Variable administrative expense ($20,250)

($405,000 - $283,500 - $81,000-$20,250)

Total $81,000

[$405,000-($283,500+$20,250+$20,250)]

CONTRIBUTION MARGIN:

FIXED EXPENSES:

Selling expenses $16,200

Fixed selling expense $40,500

($81,000-$24,300-$16,200)

Total $56,700

($40,500+$16,200)

NET OPERATING INCOME $24,300

($81,000-$56,700)

Therefore the Net operating income will be $24,300

2. Preparation of the traditional format income statement.

Todrick Company traditional format income statement

Sales $405,000

Less Cost of good sold ($283,500)

($27,000 + $270,000 - $13,500)

Gross margin $121,500

($405,000-$283,500)

Selling and Administrative expenses

Selling expenses $60,750

($40,500+$20,250)

Administrative expense $36,450

($20,250+$16,200)

Total $97,200

NET OPERATING INCOME $24,300

($121,500-$97,200)

Therefore the Net operating income will be $24,300

3. Calculation for the selling price per unit

Using this formula

Selling price per unit = Sales / Units sold

Let plug in the formula

Selling price per unit = $405,000 / 1,000

Selling price per unit = $405.00

Therefore the Selling price per unit will be $405.00

4. Calculation for the variable cost per unit.

Using this formula

Variable cost per unit = Variable expense / Units sold

Let plug in the formula

Variable cost per unit = ($283,500+$20,250+$20,250)/1,000

Variable cost per unit = $324,000 / 1,000

Variable cost per unit = $324.00

Therefore the Variable cost per unit will be $324.00

5. Calculation for the contribution margin per unit using this formula

Contribution Margin per unit = Selling price per unit - Variable cost per unit

Let plug in the formula

Contribution Margin per unit = $405.00 - $324.00

Contribution Margin per unit = $81.00

Therefore the Contribution Margin per unit will be $81.00

6. Based on the above calculation for both contribution format income statement and traditional format income statement the CONTRIBUTION FORMAT INCOME STATEMENT would be more useful to managers because it will enables them to effectively and efficiently estimate how net operating income will tend to change in responses to changes in unit sales.

A universal life insurance policy is best described by option D. A flexible premium deposit fund and a monthly renewable term insurance policy.

Universal life insurance is a type of permanent life insurance that combines a savings component with a death benefit. It offers flexibility in premium payments and death benefit coverage. The policyholder can adjust the premium payments and death benefit amount within certain limits, making it a flexible and customizable insurance option.

Option D describes the key features of a universal life insurance policy:

Flexible-Premium Deposit Fund: Universal life insurance allows policyholders to adjust the premium payments based on their financial circumstances. They can pay higher premiums to accumulate more cash value or lower premiums when they face financial constraints. The flexible premium deposit fund in option D reflects this feature of universal life insurance.

Monthly Renewable Term Insurance Policy: Universal life insurance typically includes a cost of insurance charge, which covers the mortality risk. This cost of insurance can be based on a monthly renewable term insurance policy. The policyholder pays a monthly cost of insurance charge that provides the death benefit coverage.

By combining a flexible premium deposit fund with a monthly renewable term insurance policy, option D captures the essence of a universal life insurance policy. It highlights the flexibility in premium payments and the inclusion of a cost of insurance component that provides the death benefit coverage.

It's important to note that universal life insurance policies can vary in their specific features and options offered by different insurance companies. Therefore, while option D represents a general description of a universal life insurance policy, it's essential to review the specific terms and conditions of the policy being considered to fully understand its features and benefits. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

Which of the following combinations best describes a universal life insurance policy?

A. A mutual fund and an endowment policy

B. A term insurance policy and a whole life policy

C. A modified endowment policy and an annual term insurance policy

D. A flexible premium deposit fund and a monthly renewable term insurance policy

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A manager must report confirmed Shigella in a food worker to the higher authority.

A class of bacteria known as shigella causes the intestinal ailment known as shigellosis. Shigella infection's primary symptom is diarrhea, which is frequently bloody. Shigella spreads quickly. When individuals come into contact with and ingest minute quantities of germs from an infected person's feces, they get infected with shigella. For instance, this might occur in a childcare facility when staff members don't thoroughly wash their hands after changing diapers or assisting young children with potty training. Shigella bacteria can also spread by contaminated food, contaminated water, and swimming or drinking it.

Given the severity of the illness, working in the food sector is extremely risky. The Shigella-infected food worker should therefore stay at home until the regulating body approves their return to work.

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Answer:

Sales prospecting is one of the most essential elements of the whole sales process.

Some tips are;

Got it right on Edmentum! Hope it helps.

The point where a monopoly will set its price is indicated in the attached image.

A corporation has a monopoly when it is the sole manufacturer of a given industry's product with no real competition.  A monopoly has complete market power and is able to establish prices above the marginal cost of the company.

The increase in total cost necessary to create an additional unit of the product is known as the marginal cost; the company can achieve positive economic gain by manufacturing more of the commodity and selling it for less.

Since it can satisfy everyone's needs, a producer in a natural monopoly holds influence over the market. When a producer has a government monopoly, commercial production is prohibited and the producer has complete control over the market.

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Firms will be willing and able to produce more output solely when prices rise, due to the fact the: Opportunity fee of production is increasing.

The regulation of provide says that a higher fee will induce producers to furnish a higher volume to the market. Because groups are searching for to make bigger revenue, when they anticipate to obtain a greater fee for something, they will produce more of it.

So, when costs of manufacturing fall, a company will have a tendency to provide a large extent at any given price for its output. This can be shown through the supply curve moving to the right. Take, for example, a messenger organization that provides applications round a city. The employer may additionally locate that buying gasoline is one of its important costs.

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Answer:

Click on the Recognized tab

Explanation:

If you want to filter the for review tab to find the good match all you have to do is:

Step 1: Go at "For Review" Tab

Step 2: Above the transactions their will be Recognized Tab. Click on it which would filter all the transactions that provides a good match.

Answer:

Mouth, esophagus, stomach

Explanation:

The worksheet class that stores the total working hours for each day is as follow:

Fill out the worksheet: Yes

Working hours for the fifth month: 170

Most hours worked in month nine: 12.

The lowest number of hours worked in month 12:

Average daily working hours in month 7: 6.433333333333334

java.lang. ArrayIndexOutOfBounds Index -1 is outside of bounds for length 12, for example.

at WorkSheet.getMonthTotalHours (WorkSheet.java:21)

at WorkSheet.getAvgDailyHours (WorkSheet.java:33)

at Main.main(Main.java:11)

Average daily working hours in month 0: 0.0

Worksheets are typically loose sheets of paper with exercises or questions on them for students to complete and record their responses. They are utilized in most courses to some extent, and there are two main varieties in the math curriculum where they are frequently used.

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The complete question is:

In this exercise, you are required to: 1. create the WorkSheet class that stores the total working hours for each day of a month for a restaurant officer in an array of integers, The class should have one field of 2D array of integers: yearWorkHours[12][30] that hold the daily done work hours for 12 months (for simplicity, assure all months have exactly 30 days) WorkSheet class has the following methods: 1. getMonth TotalHours, that takes the month number and returns the total work hours for that month. 2.getAvgDailyHours that returns the average number of hours done by the employee in the given month number. 3.getLowestWorkingDay that returns lowest daily working hours for a given month the lowest number of work hours. 4. getHeighest WorkingDay that returns highest daily working hours for a given month. 5.populateWorkSheet that reads data from the worksheetData.csv file. The file includes information for 12 months 30 days per each year. In case of any failure it should return false otherwise it returns true. 2. In the Mainjava file create an object of WorkSheet then call populateWorksheet to fill the array from the worksheetData.csv file [provided in the files) 3. Make sure to handle cases that have invalid parameters like 0. greater than or negative values. Each method that takes month as parameter must throw InvalidiputExeception when you have any of of the invalid input cases. 4. In Main.java, test the methods 1-4 using simple unit testing format as described in Labiz 5. In the Main.java make sure you add the suitable exception handling blocks i.e., try and catch blocks Bonus: think about printing out the table of each month containing total hours, total earning of the month if 20$ is given per hour, average working hours, the highest, and lowest number of worked hours to a file call it yearreport.txt Work Sheet +year WorkHours: int to + Worksheet + getAvgDailyHours(inty: double +gelionth TotalHoursoint; int + getHighestWorkingDay(int) int + getlowestWorkingDay(int in + populate WorkSheet): boolean

The important seo features are Keyword Research, On-Page Optimization, High-Quality and Engaging Content, Link Building, Mobile-Friendly Design, Site Speed and Performance and User Experience (UX).

While SEO is a complex and multifaceted field, there are several important features that contribute to an effective SEO strategy. Let's explore some of these features:

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The statement that best summarizes the law of demand is that buyers are more interested in purchasing products as those products decline in price. The correct option is d.

The law of demand, which is one of the most fundamental concepts in economics, works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we observe in everyday transactions.

The law of demand states that the quantity purchased varies inversely with the price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility. That is, consumers use the first units of an economic good they purchase to serve their most urgent needs first, and then they use each additional unit of the good to serve successively lower-valued ends.

The law of demand focuses on the unlimited wants of humans.

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Based on the given table, Japan has 6 digital cameras & 3 personal computers and United State has 8 digital cameras, 2 personal computers. We can deduce that Japan has absolute advantage in producing personal computers.

The concept of absolute advantage illustrates how countries can benefit from trade by focusing on producing and exporting goods that they can produce more efficiently than other countries. Countries that have an absolute advantage can choose to specialize in producing and selling a specific good or service and use the proceeds to buy goods and services from other countries.

Specializing in the products in which they each have an absolute advantage and then trading the products can benefit all countries as long as they have an absolute advantage over other nations. In essence, the concept of absolute advantage explains why individuals, businesses, and countries should trade with one another.

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Answer:

Credit Unions

Explanation:

Credit unions are non-profit making institutions established by large corporations or other entities to cater to their employee's financial welfare. They provide traditional banking services, although they operative like cooperatives societies. Credit unions are created, managed, and belong to their members.

Credit unions mainly offer credit facilities to its members. Because they are not for profits, they provide loans at very competitive terms compared to banks.

The Indian government has allowed such high tariffs on imported cars in order to protect domestic car manufacturers such as Maruti Suzuki, Tata Motors and Mahindra, who would otherwise face competition from foreign companies and face a possible decrease in their market share.

Domestic refers to activities or relationships that occur within a country or nation, such as domestic policy, domestic trade, domestic travel, and domestic affairs. Domestic activities are usually distinguished from international activities, as those that occur between two or more countries. Domestic activities are generally related to the internal affairs of a country and its citizens, including political, social, and economic issues.

Maruti Suzuki, Tata Motors and Mahindra are resisting the potential change because they are concerned that they would be unable to compete against foreign companies, who would be able to offer cheaper cars due to the lower tariff rates.
The WTO would not be pleased with this potential development because it is against their objective of free trade and would create an uneven playing field between domestic and foreign companies.
If I were a resident of India and planning to buy a Range Rover made in the UK, I would postpone my purchase because the high tariff rates would make the car much more expensive than it would normally be. This would mean that I would have to pay significantly more for the same car than if I had bought it from a domestic manufacturer.

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(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.

(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.

(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:

Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000

Cash Cr. Br 540,000

This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.

(b) To record revenue and dividends for the year:

On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.

Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)

Revenue from Investment in YY Ltd. Cr. Br 45,000

This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.

On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.

Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)

Revenue from Investment in YY Ltd. Cr. Br 81,000

This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.

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Answer:

Consumer Price index:

Consumer Price Index is important because it provides governments, individuals, and businesses with ideas concerning making informed decisions in a business environment. Further, the government uses the Complex Price Index to gauge product prices to determine whether an economy is going through stagflation, inflation, or deflation.

CPI does a horrendous job predicting inflation, it's government propaganda that fudges real inflation. We've been inflating money supply without mercy since Nixon took us off gold standard. USD has lost 98% of its value vs gold since then, that's why an ounce of gold costs 2k an ounce use to be $35.00 only 50 years ago. Printing $ not reflected in CPI, this is why we have a wealth gap and everything is so expensive. Government not being honest, CPI doesn't capture this.

If you select 20 normal grocery goods purchased 10 or 20 years ago either example works fine. Then purchase those same goods 10 or 20 years later, the CPI will say that basket of goods went up 27% but in real dollars spent they actually went up 65%.

Government has an interest to report inflation is low so they can print more money. This is why we came off gold standard, money needed to be backed by gold so it had real value, government didn't like this, that's why gold expensive, it's because dollar got weaker, gold last 3000 years hasn't changed , fiat money always goes away gets debased then new currency comes. Throughout history this is the case but gold goes nowhere