The note issued by Sylvestor Systems matures on August 13, after 90 days. The entry to record issuance includes a $156,000 debit to cash and a $156,000 credit to notes payable.
To determine the maturity date of the note, we need to add 90 days to the date it was issued. Since the note was issued on May 15, we add 90 days to that date.
May has 31 days, so the total number of days in May and June is 31 + 30 = 61. 90 - 61 = 29
Therefore, the maturity date of the note is August 13.
Entry to record the issuance of the note:
On May 15, when the note was issued, the following entry would be recorded:
Date: May 15
Cash $156,000Notes Payable $156,000Calculation of interest expense at maturity and entry to record payment of the note at maturity:
To calculate the interest expense at maturity, we need to use the formula:
Interest Expense = Principal Amount x Interest Rate x Time
Principal Amount = $156,000Interest Rate = 6%Time = 90 days / 365 daysInterest Expense = $156,000 x 6% x (90/365)Interest Expense = $2,392.60 (rounded to the nearest cent)On the maturity date, when the note is paid, the following entry would be recorded:
Date: August 13
Notes Payable $156,000Interest Expense $2,392.60Cash $158,392.60Please note that the interest expense is recorded separately from the principal amount repaid, and the total payment includes both the principal and interest.
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How did the oil and gas industry improve louisiana’s economy?.
Answer:
While the oil and natural gas industry generates more than 260,000 jobs in Louisiana, it is also building communities, neighborhoods and local economies for the workers and their families. In fact, for every job created in the energy sector, 3.4 additional jobs in other sectors are created.
When merchandise is returned for a refund or for credit to be applied to other purchases, the account called sales
True
False
When merchandise is returned for a refund or for credit to be applied to other purchases, the account called sales is false. The correct answer is False.What is sales account?A sales account is an account that records sales revenue as it is earned.
It is a revenue account because it is used to track the amount of money earned through sales transactions. When merchandise is returned for a refund or for credit to be applied to other purchases, a sales return account and a sales allowance account are used to record the transaction, rather than the sales account. Sales returns and allowances are reductions in revenue that result from the return of merchandise or the granting of allowances to customers.
When a customer returns merchandise, the amount of the sale is deducted from the sales returns and allowances account. When a customer is granted an allowance, the amount of the allowance is also deducted from the sales returns and allowances account.
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Angelina hires Brad to drive a truck to a depot 200 mile away.She specifies the route that he is to take and tells him to be sure to arrive by 5:00 pm.On the way,Brad finds himself nodding off due to hunger.He checks the time and finds that he has plenty of time to make the 5:00 pm deadline so he decides to stop at a diner that he is familiar with.The diner is ¾ of a mile off of the route that Angelina had specified.Brad does not call Angelina to ask for permission.On the way to the diner,Brad runs a light and has a collision with Billy Bob.Billy Bob sues Angelina.
A) Angelina wins because Brad was on a detour, freeing her from liability
B) Angelina wins because Brad was on a frolic, freeing her from liability
C) Angelina loses because Brad was on a detour, so she is liable
D) Angelina loses because Brad was on a frolic, so she is liable
Answer: C) Angelina loses because Brad was on a detour, so she is liable.
Explanation:
Brad was acting under the employ of Angelina so Angelina will be liable for his actions while he is on duty so long as he is acting under the bounds of his employment commitments to her.
According to U.S. law, an employee is still within the bounds of employment commitment if they take a detour vs a frolic. As Brad only took a detour, he is still maintaining his commitments which means that Angelina is liable for his actions.
bob and larry have been working at their organization for the same amount of time, and they seem to work equally hard at their work and contribute about the same amount to their organization. bob has received multiple pay raises and now makes 50% more than larry. plus, bob recently was given a great parking space right in front the building. according to equity theory, what will bob most likely feel in this situation?
According to the equity theory, the feeling that Bob would be most likely to have of the situation that we have here would be that of underpayment. Option A
What is meant by the equity theory?According to the theory of motivation known as equity, employees' feeling of fairness plays a significant role in what motivates them to do their best at work. Employees keep track of the inputs and outputs of their work in a mental ledger, which they use to assess how their inputs and outputs compare to those of others.
Equity is the product of a person's outputs and their inputs. Employees that notice unfairness will alter their inputs to make things right. Employees don't just understand equality in isolation, according to Adam's Equity Theory of Motivation; instead, they look around and evaluate themselves in relation to others.
Bob would have to begin to believe that Larry is receiving the proper amount of remuneration while he is not.
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Bob and Larry have been working at their organization for the same amount of time, and they seem to work equally hard at their work and contribute about the same amount to their organization. Bob has received multiple pay raises and now makes 50% more than Larry. Plus, Bob recently was given a great parking space right in front the building. According to equity theory, what will Bob most likely feel in this situation?
Group of answer choices
Underpayment
Overpayment
Evaluation anxiety
Equity
Personal finance please help I don't understand
Personal finance refers to the management of an individual's financial resources. It involves creating and implementing a plan to manage income, expenses, savings, investments, and debt. Personal finance can also include insurance, retirement planning, and estate planning.
The first step in personal finance is creating a budget. This involves tracking your income and expenses to determine where your money is going and identifying areas where you can cut back on expenses. Once you have a budget in place, you can begin to save money and invest in your future. It's also important to manage debt responsibly. This means only borrowing what you can afford to pay back and making timely payments to avoid penalties and fees.
Another aspect of personal finance is planning for retirement. This involves setting aside money in retirement accounts such as a 401(k) or IRA and considering factors such as Social Security benefits and expected expenses in retirement. Overall, personal finance is about taking control of your financial situation and making smart decisions to achieve your financial goals. It's never too early or too late to start managing your finances effectively, and there are many resources available to help you along the way.
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Compute the future value in year 9 of a \( \$ 3,900 \) deposit in year 1 , and another \( \$ 3,400 \) deposit at the end of year 5 using a 9 percent interest rate. (Do not round lntermedlate celculetl
The future value in year 9 of a $3,900 deposit in year 1, and another $3,400 deposit at the end of year 5 using a 9 percent interest rate is $12,532.40.
To calculate the future value of the $3,900 deposit in year 1, we can use the formula:
FV = PV\((1 + r)^{n}\)
where
FV is the future value,
PV is the present value,
r is the interest rate, and
n is the number of years.
In this case, PV = $3,900, r = 9%, and n = 8 (since we want to find the future value in year 9).
Therefore: FV = $3,900\((1 + 0.09)^{8}\)= $7,794.51
To calculate the future value of the $3,400 deposit at the end of year 5, we can use the same formula but with a different value for n. Since we want to find the future value in year 9, the number of years is 4 (i.e., from the end of year 5 to the end of year 9).
Therefore: FV = $3,400\((1 + 0.09)^{4}\)= $4,737.89
Finally, we can add the two future values together to get the total future value:
FV = $7,794.51 + $4,737.89= $12,532.40
Therefore, the future value in year 9 of a $3,900 deposit in year 1, and another $3,400 deposit at the end of year 5 using a 9 percent interest rate is $12,532.40.
The question was incomplete, Find the full content below:
Compute the future value in year 9 of a $3,900 deposit in year 1, and another $3,400 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Walmart and Levi’s seem to be performing well in the market, discuss the following three key value measurements in relation to either one organisation; customer satisfaction, customer value add and profitability analysis.
Walmart and Levi’s are two major brands that have managed to perform remarkably well in their respective markets. In relation to one of the organizations.
This answer will discuss the following three key value measurements customer satisfaction, customer value add, and profitability analysis. Customer satisfaction is one of the most crucial value measurements that a business can make, as it provides an indication of how well the company is meeting its customers' needs.
Walmart has consistently demonstrated that they are capable of satisfying their customers through their extensive range of products, competitive pricing, and exceptional customer service. They have also taken measures to improve customer satisfaction, such as providing a more personalized shopping experience and faster checkout times.
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3. State the underlying condition that a firm applies while hiring workers.
Answer:
Minimum wage
Explanation:
Minimum wage can affect the number of workers and wage paid to those workers, dependant on if it is a monopsony or PC firm hiring, the number of workers hired and wage paid will differ.
What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
To prepare a cvp graph, lines must be drawn representing total revenue, ______.
The preparation of the CVP graph requires drawing a line representing the total revenue, total expense, and total fixed expense.
What is the CVP Graph?
The CVP Graph, also known as a cost volume profit chart, is a graphical illustration that depicts the link between production costs and overall revenues.
The CVP graph is used by businesses to determine the possible impact of changes in volume sales on production process costs and total earnings.
In this scenario, the graph considers the total revenue, total expense, and total fixed expense.
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Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
Which of the following tools can be used as both consumer and trade promotions?A) Contests, premiums, and displaysB) Premiums, displays, and allowancesC) Contests, premiums, and push moneyD) Coupons, contests, and premiumsE) Push money, off-list discounts, and allowances
The tools that can be used as both consumer and trade promotions are premiums and contests. Premiums are items that are given away for free or at a discounted price with the purchase of a product or service. These can be used both as incentives for consumers to buy a product and for trade promotions to encourage retailers to stock and sell the product.
Contests involve offering prizes to consumers or trade partners who participate in a competition related to the product or service. These can also be used for both consumer and trade promotions to generate interest and increase sales or distribution. However, push money, off-list discounts, and allowances are typically used only for trade promotions, while coupons are primarily used for consumer promotions.
Coupons can be used as both consumer promotions (by offering discounts to end consumers) and trade promotions (by providing incentives to retailers for purchasing more products).
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Suppose that the following exchange rates are current: 1 USD = 19.83 Mexican Pesos, 1 EUR = 21.19 Mexican Pesos, and 1.11 USD
a. Calculate the shadow price between Euros and Pesos.
b. Using $1,000 and triangular currency arbitrage, make three trades and calculate the profit earned.
a. To calculate the shadow price between Euros and Pesos, exchange rates. The shadow price represents the implied exchange rate between two currencies through a third currency.
The shadow price between Euros and Pesos can be calculated as follows:
Shadow price = (1 EUR / 1 USD) * (1 USD / 19.83 MXN) = 1 EUR / 19.83 MXN
b. To perform triangular currency arbitrage, we can make three trades using the given exchange rates:
1. Trade 1: Convert $1,000 to Euros $1,000 * (1 EUR / 1.11 USD) = €900.90
2. Trade 2: Convert Euros to Pesos €900.90 * (21.19 MXN / 1 EUR) = 19,063.57 MXN
3. Trade 3: Convert Pesos back to Dollars 19,063.57 MXN * (1 USD / 19.83 MXN) = $960.91
Profit earned = Final amount - Initial amount
Profit earned = $960.91 - $1,000 = -$39.09 (Loss of $39.09)
Please note that triangular currency arbitrage assumes no transaction costs or perfect market conditions, which may not always be the case in real-world situations.
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CQ
Suppose that following exchange rate are current: 1 USD = 19.83 Mexican Pesos, 1 EUR = 21.19 Mexican Pesos, or 1.11 USD
a. Calculate shadow price between Euros or Pesos.
b. Using $1,000 or triangular financial arbitrage, make three trade & calculate the profit earned.
a entry to a liability account decreases the account balance
Answer:
Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance.
Explanation:
Lightskins or Darkskins
Or Other ?
Answer:
any kind of boy
Explanation:
I have no type
On May 1, 2022, Carlo has been in a trading business for five years as a sole proprietor. He needed additional capital to fund business expansion so he decided to invite Jamie by investing cash for a one-third interest in the new partnership, CABLES Trading. CABLES Trading would assume the liabilities of Carlo's business. Jamie accepted the invitation and both agreed to revalue assets of Carlo's business as itemized: Accounts Receivable P50,000; Merchandise Inventory P28,000; Office Equipment P22,000; and Land $279,000. Account balances in the books of Carlo were as follows: Account Titles Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory P135,000 60,000 25,000 P.4,000 Account balances in the books of Carlo were as follows: Account Titles Debit Credit Cash P135,000 Accounts Receivable 60,000 Allowance for Doubtful Accounts Merchandise Inventory Office Equipment Accumulated 15,000 Depreciation Land Accounts Payable 194,000 Carlo, Capital 300,000 How much is the capital of CABLES Trading upon formation? 25,000 33,000 260,000 P 4,000
The capital of CABLES Trading upon formation,Carlo has been in a trading business for five years as a sole proprietor. He needed additional capital to fund business expansion so he decided to invite Jamie by investing cash for a one-third interest in the new partnership, CABLES Trading.
CABLES Trading would assume the liabilities of Carlo's business. Jamie accepted the invitation and both agreed to revalue assets of Carlo's business. Carlo and Jamie agreed to revalue assets of Carlo's business:Accounts Receivable P50,000Merchandise Inventory P28,000Office Equipment P22,000Land $279,000.Account balances in the books of Carlo:Account Titles Debit CreditCash P135,000Accounts Receivable 60,000Allowance for Doubtful AccountsMerchandise Inventory P25,000Accumulated Depreciation 15,000Land $279,000Accounts Payable $194,000Carlo, Capital $300,000Jamie, Capital -0-Carlos has a capital balance of P300,000 as of May 1, 2022. Jamie will contribute cash for a one-third interest in the partnership.
The new partner's capital account will be $100,000 (P300,000 ÷ 3 = P100,000).The assets and liabilities will be transferred to the partnership at the agreed-upon values, resulting in a gain for Carlo for the difference between the book value and the agreed-upon value of the assets. The entries to transfer the assets and liabilities of Carlo's business to the partnership's books would be:Account Titles Debit CreditAccounts Receivable 50,000Merchandise Inventory 28,000Office Equipment 22,000Land 279,000Accumulated Depreciation 15,000Accounts Payable 194,000Carlo, Capital 77,000Gain on Revaluation of Assets 123,000$385,000 $385,000Carlo contributed assets valued at P379,000 ($50,000 + $28,000 + $22,000 + $279,000), while Jamie contributed P100,000 in cash.
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_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.
Business intelligence refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.
Business intelligence (BI) contains the strategies and technologies utilized by companies for the facts analysis and control of business facts. Not unusual capabilities of business intelligence technology consist of reporting, online analytical processing, analytics, dashboard improvement, data mining, technique mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics.
BI equipment can cope with big amounts of established and from time to time unstructured data to assist identify, expand, and in any other case create new strategic commercial enterprise opportunities.
They purpose to permit the clean interpretation of those large pieces of information. Identifying new opportunities and enforcing a powerful strategy primarily based on insights can offer agencies an aggressive marketplace benefit and lengthy-term stability, and assist them to make strategic choices.
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If a hospital in the management in action case utilized employment tests for nurse candidates that produced inconsistent scores, the test would have a ________ problem.
Baawws on the usage of employment tests which produced inconsistent scores, then the problem the test has is a:
Reliability problemWhat is Reliability?This refers to the validity of something where the test results or data gathered are accurate and can be trusted.
With this in mind, we can see that because a hospital management made use of employment tests for nurses and found out inconsistent scores, then the problem which the test has is a reliability problem.
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If a hospital in the management-in-action case used employment tests for nurse candidates that created inconsistent scores, the test would have a validity problem.
What is a Validity Problem?
A test is said to have a validity problem if the results produced by the tests if of low quality.
A low-quality test is one such as in the question above can not be relied upon due to inconsistency in it's outcome or prediction. Hence the validity issue.
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You sell friendship bracelets. You have an agreement with your best friend, Georgina, who is a great artist in photography, that she will photograph all her subjects wearing your friendship bracelets. You have agreed that you will get 25 percent of the proceeds from the sale of photographs and she will get 25 percent of the sale proceeds from your bracelets. You didn't register your partnership before, so your original rights are not protected.
False
True
Answer:
true
Explanation:
An investment by the stockholders in a business increases a. assets and stockholders' equity. b. assets and liabilities. c. liabilities and stockholders' equity. d. assets o
Option A is correct. Cash, an asset account, will grow as a result of a stockholder investment. Also, it will boost stockholder equity. Total assets must equal total liabilities and stockholders' equity on the balance sheet.
More stock investments or increased net income both improve stockholders' equity. It gets smaller as a result of dividend payments or net losses. Retained profits rises as revenue accounts are closed out into it and falls when expense accounts and cash dividends are closed out into it.
The amount that a company's owners have invested in their enterprise is known as shareholders' equity. This covers the funds they have directly invested as well as the total amount of earnings the business has generated and reinvested since its beginning.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
Which expense can be paid for with a flexible spending account (FSA)?
A. car insurance deductible
B. child care
C. mortgage payment
D. unexpected home repair
Answer:
A - car insurence duductible
Explanation:
So, a flexible spending account, which is given to each person in USA who is employed, contains a maximum of 2.75k dollars. Remember, this is yearly, not monthly.
Knowing this, lets see what is affordable in the list below.
So unextpected home repair. I havent repaired a home, thats what my parents do. But if you research, home repair varies. But the maximum cost is about 5k or higher for most things. This is defintaly above 2.75k dollars.
So this is not something that could be paided for.
Next we have mortgage payment.
This is about 400-1000+ dollars monthly. Remember though, the FSA is yearly, so when you think about this. Its at least 4.8k to 12k+ dollars.
So this is not something that could be paided for.
Next we have child care.
Child care can vary, but on the overall it is more expensive than FSA, With a varying of 400 to 1k+ a month, which is 4.8k to 12k+ a year.
So this is not something that could be paid for.
Lastly, we have car insurence deductible. After some research, I found that this is only about 500-1k dollars or so yearly, which is below the FSA's 2.75k.
Answer:
A(car insurence deductible)
Hope this helps!
An expense that can be paid for by using a Flexible Spending Account (FSA) is A. car insurance deductibles.
What can an FSA be used for?A Flexible Spending Account allows for one to be able to pay for expenses that are lower than its annual limit.
Car insurance deductibles are usually low enough to be paid for from this account because they usually stay under $1,000 for the year. This can be paid for by the $2,750 FSA annual limit.
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Abdul buys all his machinery on credit. He provided the following information.
at 30 April 2020
$
at 30 April 2021
S
30 000
42000
machinery at cost
amounts owing to suppliers of machinery
19000
?
During the year Abdul paid $25000 to the suppliers of his machinery.
How much did he owe them on 30 April 2021?
A
$6000
B
$13 000
C $17000
D
$32000
The Answer to this is $6,000.
Because the machine went up $12000, you would add $12000 to the 19000
making it 31000.
31000-25000=6000
Are there price controls in a free market?
In a free market, price controls are typically required by the government. They are typically used as a direct economic intervention technique to control the affordability of particular commodities and services, such as rent, gas, and food.
Governments impose and enforce price controls, which are limitations on the prices that can be charged in a market for products and services. Implementing such controls can be done with the intention of containing inflation and keeping prices affordable for consumers even when there are shortages of specific items, or it can be done to attempt and raise wages to the level of a living wage. The two main types of price control are a price ceiling, which sets the highest price that can be charged, and a price floor, which sets the lowest price that can be charged. Rent control is a well-known illustration of a price cap since it restricts the amount of rent increases that landlords are allowed to impose by law. Minimum wage is a commonly utilized pricing floor (wages are the price of labor). In the past, price restrictions were frequently used as a component of a larger incomes policy plan that included included wage controls and other regulatory components. Governments frequently utilize price restrictions, but Western economists generally concur that these measures do not achieve their intended goals. Instead, many economists advise against using price controls altogether. For instance, in the early 1990s, nearly three-quarters of a sample of 1,350 American economists disagreed with the claim that "wage-price limits constitute a desirable policy tool in the control of inflation."
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What is the total amount of interest Shelby will pay for the car loan? How many more years will it take Shelby to pay off her loan?.
Based on the information given in the table, the amount of interest that will be paid is $2478.58.
From the complete question, it be be noted that the payment schedule for the first year is given as $7000.
Therefore, the first year interest payment for Shelby will be:
= $9478.58 - $7000
= $2478.58
Also, the number of years required to pay the loan will be 1 year.
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Answer:
What is the total amount of interest Shelby will pay for the car loan?
✔ $2478.58
How many more years will it take Shelby to pay off her loan?
✔ 1
Explanation:
the threat of antidumping action affects a firm by?
The threat of antidumping action limits a company's ability to use aggressive pricing to gain market share in a country. Firms in a country can also strategically use antidumping measures to limit aggressive competition from low-cost foreign producers.
What exactly does anti-dumping mean?
Anti-dumping measures. A company is said to be "dumping" a product if it exports it at a lower price than it normally charges in its home market.
Is this a form of unfair competition?
Although opinions differ, many governments take action against dumping to protect their domestic industries. Antidumping and countervailing duties are intended to compensate domestic industries harmed by unfairly traded imports by offsetting the value of dumping and/or subsidization.
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What is the role of central bank?.
Central banks play a critical role in managing economic volatility by implementing monetary policy to achieve price stability (low and stable inflation).
What are the four role and importance of a central bank?The implementation of monetary policy by central banks is a crucial function in achieving price stability (low and stable inflation) and aiding in the management of economic volatility.In recent decades, significant modifications have been made to the policy frameworks within which central banks function.As an example, consider the following central bank duties:Cash reserve custodian.Conservator of foreign money.Lender of last resort.Settlement and transfer clearinghouse.The function of a central bank is to regulate banks, manage monetary policy, and offer financial services, such as economic research.It aims to keep unemployment low, curb inflation, and stabilize the value of the national currency.
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Identify the possible mediating variable in a quantitative study exploring the effects of pre-college advising for high school seniors.
A mediating variable is a variable that explains the relationship between the independent variable (pre-college advising) and the dependent variable (outcomes for high school seniors). In a quantitative study exploring the effects of pre-college advising for high school seniors, the possible mediating variable could be students' motivation to pursue higher education.
The provision of pre-college advising may increase students' motivation to pursue higher education by providing them with information and guidance on the benefits of higher education, available options, and the application process. This increased motivation, in turn, may lead to better outcomes for high school seniors, such as higher rates of college enrollment, persistence, and completion.
Other possible mediating variables in this study could be students' self-efficacy, academic preparedness, and social support. These variables may also play a role in explaining the relationship between pre-college advising and outcomes for high school seniors.
Overall, identifying the mediating variable(s) in a quantitative study is important for understanding how and why a particular intervention (pre-college advising) is effective in achieving desired outcomes for the target population (high school seniors).
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why do cellphone services providing firms often charge higher prices to pre paid than those on contract
Answer: Prepaid cost more because it has more perks than contract, it offers more to the customer's either in data or calls
Explanation:
Prepaid phone services are services that which requires you to pay an upfront for the plans you'll be using in either calling,browsing or texting
While contract has you to choose from monthly plans
Prepaid cost more because it has more perks than contract, it offers more to the customer's either in data or calls
what are the goals of using a disguise? (select all that apply)
The goals of disguise are Pass initial scrutiny ,Prevent recognition
What are the goals of using a disguise? disguise, cloak, mask mean to alter the dress or appearance of so as to conceal the identity or true nature. disguise implies a change in appearance or behavior that misleads by presenting a different apparent identity. The goals of disguise are Pass initial scrutiny ,Prevent recognitionThe law must have been carefully crafted to satisfy a "compelling governmental interest" and have been passed by the legislature in order to pass rigorous scrutiny.The highest level of review that a court will employ to determine whether governmental discrimination is lawful is strict scrutiny.
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