Transition dynamics 2.1 2.2 Describe what the process of transition dynamics involves. (5) Explain why the speed of the transition changes as the growth process unfolds, and how this relates to our understanding of differences in growth rates between countries?
Answers
Transition dynamics involve shifts in various aspects such as technological advancements, industrial composition, institutional frameworks, and income distribution.
The speed of the transition changes as the growth process unfolds due to several factors. Initially, countries that are at a lower level of development may experience faster growth rates as they catch up to more advanced economies by adopting existing technologies and implementing effective policies. This is known as "catch-up growth." However, as a country reaches a certain level of development, further progress becomes more challenging, and the pace of growth may slow down. This phenomenon is referred to as the "middle-income trap."
The differences in growth rates between countries can be attributed to variations in their ability to effectively manage the transition dynamics. Countries with conducive institutional frameworks, investments in human capital, technological innovation, and sound macroeconomic policies are more likely to experience sustained high growth rates. Additionally, factors like access to resources, geopolitical factors, trade openness and market conditions also influence growth rates. Hence, understanding the transition dynamics helps explain why some countries grow faster than others and provide insights into the determinants of economic development.
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Related Questions
Darlene and her friends get together for lunch after work. While at lunch, the friends discuss what they can do to solve the problem of excessive overtime at work. Which of the following is true?
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Question:
Darlene and her friends get together for lunch after work. While at lunch, the friends discuss what they can do to solve the problem with excessive overtime at work. Which of the following is true?
A) Darlene and her friends are not engaging in a concerted activity because they don’t plan to talk to management about the problem.
B) Darlene and her friends are engaging in concerted activity since they are discussing how to improve working conditions.
C) Darlene and her friends are engaging in concerted activity only if they are union members.
D) Darlene and her friends are not engaging in a concerted activity because they are not in a union meeting.
Answer:
The answer to the above question is B.
Explanation:
Any group activity that involves one employee putting forward an idea or plan for discussion and consideration to other employees that is related to working conditions may be referred to as concerted activity.
In some organisations, this sort of activity is prohibited or may lead to stiff sanctions by management. However, as Labour Law evolves, countries are beginning to put in place laws that protect concerted activity. Such laws sometimes define activity which may or may not be protected, thus allowing employees to engage in what would, therefore, be called Protected Activity.
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both dual enrollment and AP courses offer the following possibilities except that
Answers
Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?
Answers
Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.
First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.
Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity
.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.
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Which investors have the right to vote for or against business initiatives presented at the annual general meeting?
_________ shareholders have the right to vote for or against a business decision made by the company in which they invested.
Answers
Answer: Equity
Explanation: Plato(Edmentum)
Equity shareholders have the right to vote for or against a business decision made by the company in which they invested.
What is the shareholder?A shareholder of a corporate body is an individual or legal entity who is certified by the corporate body as the registered proprietor of shares of a private or publicly traded corporation's share capital. Anyone who owns'shares in a company limited by shares is referred to as a shareholder.
Members of a corporation may be referred to as shareholders. The shareholder is the company's owner who provides financial security, controls how the directors manage the company, and receives a percentage of any profits produced by the company.
Therefore, Equity shareholders can vote for or against a business decision made by the firm in which they have invested.
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Landscapers must be
knowledgable of which of the
following?
A. Pesticides
B. Economics
C. Human Relations
D. Crop Rotation
Answers
Answer:
B
Explanation:
because they need to deal with all practices that are done by people on environment
Answer:
C
Explanation:
Landscapers need to know human relations because if they want to get something to do for their job, marketing and having an asset is important for the business, if you don't know anyone that needs help, it wouldn't be very good for your business.
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Problem 3.1 For each of the following products, indicate whether demand is likely to be elastic or inelastic by entering whether |e| ≷ 1.
(a) Superyachts _______
(b) Spotify subscription __________
(c) Milk _________
(d) Gasoline over 1 month ___________
(e) Rent over 2 years ____________
(f) Vegetables _______________
Problem 3.2. For each of the following products, indicate whether supply is likely to be elastic or inelastic by entering whether |e| ≷ 1 .
(a) __________ Manhattan Apartments over 5 years
(b) ___________ Manhattan Apartments over 1 years
(c) ____________ Cross-fit classes
(d) ___________ Diamonds
(e) ____________Roses
(f) Electric cars
Answers
(a) Superyachts - Demand is likely to be elastic (|e| > 1).
(b) Spotify subscription - Demand is likely to be elastic (|e| > 1).
(c) Milk - Demand is likely to be inelastic (|e| < 1).
(d) Gasoline over 1 month - Demand is likely to be inelastic (|e| < 1).
(e) Rent over 2 years - Demand is likely to be elastic (|e| > 1).
(f) Vegetables - Demand can vary depending on the specific vegetable. It can range from elastic to inelastic.
Problem 3.2:
(a) Manhattan Apartments over 5 years - Supply is likely to be elastic (|e| > 1).
(b) Manhattan Apartments over 1 year - Supply is likely to be elastic (|e| > 1).
(c) Cross-fit classes - Supply is likely to be inelastic (|e| < 1).
(d) Diamonds - Supply is likely to be inelastic (|e| < 1).
(e) Roses - Supply is likely to be inelastic (|e| < 1).
(f) Electric cars - Supply can vary depending on the market conditions and availability of resources. It can range from elastic to inelastic.
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Which two of the following are long-term sources, of finance?
A- Interest rates
B- Venture capital
C- Trade credit
D- Share capital
E- Start up costs
Answers
Answer:
the answer is B and D
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a
Answers
The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
What is the lettuce market?Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf). Since colonial times, lettuce has been farmed in the United States. The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce. Only potatoes outnumber lettuce salads in terms of annual consumption per capita. In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person). Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.As a severe drought has damaged this year's lettuce crop.
Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
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Complete question:
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____
A. decrease in the demand for lettuce.
B. rightward movement along the demand curve for lettuce.
C. a decrease in the supply of lettuce.
D. a decrease in both the demand and supply of lettuce
Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of approximately $36,000 for five years. The equipment is expected to be sold at the end of five years for $40,000. What is the net present value of the proposed investment
Answers
Answer:
NPV = $1,564.65
Explanation:
Here is the full question :
Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of approximately $36,000 for five years. The equipment is expected to be sold at the end of five years for $40,000.
What is the net present value of the proposed investment? Hawkins requires a 15 percent return on all capital investments
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-139,000
Cash flow each year from year 1 to 4 = $36,000
Cash flow in year 5 = $36,000 + $40,000 = $76,000.
i = 15%
NPV = $1,564.65
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Rakeesh owns a deli shop on campus. He has a daytime manager and a nighttime manager, both of which report to Rakeesh directly. This is an example of a ______ structure.
Answers
A structure such as the one Rakeesh has where everyone reports directly to the CEO, is called a Flat Organizational Structure.
What is an Organizational Structure?
This is a system within an organization that spells out how people must relate to one another.
It also highlights how certain activities must flow for the objectives and or goals of that business or entity to be achieved.
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outdoor sports paid $12,500 in dividends and $9,310 in interest over the past year. sales totaled $361,820 with costs of $267,940. the depreciation expense was $16,500 and the tax rate was 21 percent. what was the amount of the operating cash flow?
Answers
The amount of the operating cash flow was $35,994.20.
What was the amount of the operating cash flow?"Operating cash flow (OCF) is calculated by subtracting cash payments for operating expenses from cash receipts from operating revenues. It is calculated using the formula:
OCF = Cash receipts from operating revenues - Cash payments for operating expenses
Here, the relevant figures for the formula are as follows:
Cash receipts from operating revenues = Sales - Costs = $361,820 - $267,940 = $93,880
Cash payments for operating expenses = Depreciation + Taxes + Dividends + Interest
Depreciation = $16,500
Taxes = (Sales - Costs - Depreciation) x Tax rate = ($361,820 - $267,940 - $16,500) x 0.21 = $19,575.80
Dividends = $12,500
Interest = $9,310
So, Cash payments for operating expenses = $16,500 + $19,575.80 + $12,500 + $9,310 = $57,885.80
Putting these figures in the OCF formula, we get:
OCF = Cash receipts from operating revenues - Cash payments for operating expenses= $93,880 - $57,885.80= $35,994.20
Therefore, the amount of the operating cash flow was $35,994.20.
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Please Help. Career Explorations
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If manufacturing overhead has been overallocated during the period, and most of the jobs produced have been sold, then a cost of goods sold should be increased. b.cost of goods sold should be decreased. c. finished goods inventory should be increased, d work in process inventory should be decreased,
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Because manufacturing overhead is applied based on a preset overhead rate, there is a possibility that it will either be underapplied or overapplied. Manufacturing overhead is being overapplied if the account has a credit balance at the conclusion of the quarter.
How are manufacturing overhead expenses divided between the inventory of work-in-progress?A debit to the Manufacturing Overhead account is used to transfer manufacturing overhead expenses to the Work-in-Process Inventory account. Process costing is employed by accounting firms, construction companies, and healthcare organizations.
Each client is viewed as a task by a service provider, such as an accountancy firm. Actual overhead expenses exceeded those that were applied to jobs.
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Discuss at least five (5) ways in which response rates might be
improved.
Answers
Response rates can be improved by following ways
1. Including a cover letter A cover letter is a brief, personalized message that introduces the survey to respondents. This should be concise, yet informative and it should be able to engage the respondents.
2. Offer incentives Incentives are rewards for survey participation that encourage respondents to take your survey. Incentives might include a gift card, coupon, or prize.
3. Make it easy to participate: The survey should be designed in such a way that it becomes easy for the respondent to participate in the survey. The questions should be simple and should not require too much thinking or effort.
4. Choose an appropriate time: Timing plays an important role in getting a good response. It is better to avoid weekends or holidays and consider the time zone of your target audience when selecting the date and time to send your survey.
5. Follow-up on non-respondents: Non-respondents are people who have not responded to your survey request. A follow-up email or phone call can remind them to take the survey and encourage them to participate. This should be done in a friendly manner without being pushy.
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Which costing method assigns only manufacturing costs to products?.
Answers
Answer:
Traditional costing
Explanation:
Using traditional costing, only manufacturing costs can be assigned to products. Under ABC, both manufacturing and non-manufacturing costs may be assigned.
which of the following choices has the correct number style to use at the beginning of a sentence? two and one-half million customers 2.5 million custome
Answers
The correct number style to use at the beginning of a sentence is spelled out numbers rather than using numerical figures. Therefore, the correct option to use at the beginning of a sentence would be "Two and one-half million customers" instead of "2.5 million customers."
This is because using numerical figures at the beginning of a sentence can make the sentence look awkward and unclear to read. When we spell out the number, we make the sentence more readable and easier to understand.
Additionally, it is considered a grammatical rule to spell out the number when it is at the beginning of the sentence. In conclusion, it is recommended to use spelled-out numbers instead of numerical figures at the beginning of a sentence to maintain proper grammar and make the sentence more clear and readable.
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What is the Federal Reserve System able to do?
A. Mandate that the government create new jobs
B. Provide loans to individuals
C. Provide loans to banks
D. Encourage individuals to spend more money
Answers
Answer:
c
Explanation:
The federal reserve systems responsibilities include influencing the supply of money and credit to banks
If a firm's production function exhibits diminishing marginal product of the variable input in the short run, which of the following about the firm's short-run marginal cost (MC) curve must be true?
A
As output increases, the MC curve slopes upward.
B
As output increases, the MC curve slopes downward and becomes flatter.
C
As output increases, the MC curve slopes downward and becomes steeper.
D
The MC curve is horizontal.
E
The MC curve is vertical.
Answers
The correct statement about the firm's short-run marginal cost (MC) curve is: A. As output increases, the MC curve slopes upward.
If a firm's production function exhibits diminishing marginal product of the variable input in the short run, the correct statement about the firm's short-run marginal cost (MC) curve is: A. As output increases, the MC curve slopes upward.
This is because, with diminishing marginal product, as more variable input is added, the increase in output becomes smaller. Therefore, the cost of producing an additional unit of output increases, leading to an upward-sloping MC curve.
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Use the four common types of systems introduced this week to
classify the following systems and explain your classification:
A point-of-sale system in a supermarket
A system that sends out reminders
Answers
There are four main types of systems: Transaction Processing Systems (TPS), Management Information Systems (MIS), Decision Support Systems (DSS), and Executive Information Systems (EIS).Classification and explanation of the systems:
Point-of-sale system in a supermarket falls under the category of Transaction Processing Systems (TPS). It is an example of an operational system that supports the core operations of a business. This system helps to process customer payments, calculate and store inventory data, manage transactions and generate receipts for each sale.
It automates the sales process and provides accurate and timely information on sales transactions. This system has a user-friendly interface that makes it easy for cashiers to use and reduces the chance of human error.A system that sends out reminders falls under the category of Management Information Systems (MIS). This system helps in the process of decision making by providing information to managers.
The system helps to gather, process, store, and disseminate data to help managers in their decision-making process. Reminders are sent out to employees to complete tasks or deadlines. For example, a system that reminds employees to renew their health insurance or complete their timesheets.
The system automates the process of sending reminders and makes it easier for managers to keep track of tasks that need to be completed by employees.
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On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021 $ 2,200,000
January 1 through February 28, 2022 800,000
March 1 through April 30, 2022 400,000
Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time. During 2022, revenue of $1,000,000 was recognized.
Required:
Prepare a journal entry in each year to record development costs for 2021 and 2022.
Answers
The journal entries to record the development costs for the software program in 2021 and 2022 are as follows:
In 2021:
Debit: Development Costs (asset account) - $2,200,000
Credit: Cash - $2,200,000
In 2022:
Debit: Development Costs (asset account) - $1,200,000
Credit: Cash - $1,200,000
The development costs for the software program are recorded as an asset on the balance sheet until the program is available for release. Once the technological feasibility is established, the costs can be capitalized and recorded as an intangible asset.
In 2021, from September 30 to December 31, Athens Software incurs development costs of $2,200,000. To record this expense, we debit the Development Costs asset account and credit the Cash account for the same amount, indicating the cash outflow.
In 2022, from January 1 to February 28, Athens incurs additional development costs of $800,000, and from March 1 to April 30, incurs $400,000. However, since technological feasibility was established on February 28 and the software was available for release on April 30, only the costs incurred after February 28, totaling $1,200,000, can be capitalized. Similar to the previous entry, we debit the Development Costs asset account and credit the Cash account for $1,200,000.
It's important to note that no revenue is recorded in the journal entries for development costs. Revenue recognition occurs separately and is based on the company's estimates of total revenues from the software program over its useful life.
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The use of technology and career development have been identified as two of the major categories of work stress. True False
Answers
The statement is True. The use of technology and career development have been identified as two major categories of work stress.
Technology can contribute to work stress by causing information overload, constant connectivity, and increased expectations for productivity. It can also lead to feelings of being overwhelmed and difficulty in achieving work-life balance.
Career development can also be a source of stress as individuals may feel pressure to continuously improve their skills, meet performance targets, or compete for promotions. Additionally, uncertainty about the future of one's career or job security can contribute to stress. Therefore, both technology and career development are recognized as significant factors that can contribute to work-related stress.
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TRUE / FALSE. Strategic fit refers to changing the firm's internal environment to meet the expectations of the firm's external environment.
Answers
The statement "Strategic fit refers to changing the firm's internal environment to meet the expectations of the firm's external environment" is false because strategic fit involves aligning the firm's internal environment with the external environment rather than changing it.
Strategic fit refers to aligning the firm's internal environment, including its resources, capabilities, and core competencies, with the external environment, including market conditions, customer needs, and competitive dynamics.
It involves finding the optimal match or congruence between the firm's internal strengths and the external opportunities and challenges it faces.
Rather than changing the firm's internal environment to meet the expectations of the external environment, strategic fit focuses on adapting and leveraging the firm's internal resources and capabilities to take advantage of external opportunities and mitigate threats.
It involves identifying areas where the firm's internal strengths can be effectively applied to meet market demand and achieve a competitive advantage.
By achieving strategic fit, a firm can position itself in a way that maximizes its ability to create value for customers, outperform competitors, and achieve its strategic objectives.
It involves assessing the external environment, understanding customer needs and preferences, and aligning the firm's internal resources and capabilities to effectively respond to those external factors.
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The test a court uses to determine whether a contract is primarily for the sale of goods or for the sale of services.Group of answer choicesLegal reasoning testPredominant factor testStrict scrutiny testRational basis test
Answers
The test used by a court to determine whether a contract is primarily for the sale of goods or for the sale of services is called the Predominant Factor Test.
This test assesses the main purpose or essence of the contract to classify it as either a goods contract or a services contract.
The Predominant Factor Test is a legal test used by courts to determine whether a contract is primarily for the sale of goods or for the sale of services. This distinction is important because different legal rules and principles may apply depending on the classification of the contract.
Under the Predominant Factor Test, courts examine the main purpose or essence of the contract to determine whether it is predominantly a goods contract or a services contract. The test looks at various factors such as the nature of the subject matter, the language used in the contract, the parties intentions, and the overall objective of the agreement.
Suppose the court determines that the primary purpose of the contract is the sale of goods. In that case, the contract is governed by the Uniform Commercial Code (UCC), which provides specific rules and regulations for goods transactions. On the other hand, if the court determines that the primary purpose is providing services, then the contract may be subject to different legal principles and regulations.
The Predominant Factor Test helps courts classify contracts accurately and apply the appropriate legal framework based on the nature of the contract.
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Which of the following is distribution focused on when thought of as a function of marketing?
Answers
Getting products to the best place place for customers to locate and obtain them is distribution focused on when thought of as a function of marketing.
What is distribution in marketing ?The act of sending commodities from one party to another is known as distribution. Between producers and consumers, the goods are divided.
the route that a product travels on to reach its ultimate consumer. Companies that engage in sales transactions to transfer goods from the producer to the consumer; sometimes known as intermediaries.
Distribution (or place) is one of the marketing mix's four components. Making a good or service accessible to the consumer or business user who needs it is the process of distribution. The producer or service provider may carry this out directly or through indirect channels, such as distributors or intermediaries.
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Give one example of the inappropriate application of ethical principles. State the possible consequence.
Answers
Abusive behavior.
Employee theft.
Lying to employees.
Violating company internet policies.
What is the common ratio between successive terms in the sequence? 1. 5, 1. 2, 0. 96, 0. 768, … –0. 8 –0. 3 0. 3 0. 8.
Answers
The common ratio between successive terms in the given sequence is 0.6.
What is the ratio between each term in the sequence?In this sequence, each term is obtained by multiplying the previous term by 0.6. Starting with the first term of 5, each subsequent term is obtained by multiplying the previous term by 0.6.
This consistent multiplication by 0.6 gives us the common ratio between successive terms.
The concept of a common ratio is often encountered in geometric sequences, where each term is obtained by multiplying the previous term by a fixed value.
In this case, the common ratio is 0.6, meaning each term is 0.6 times the previous term. This knowledge is useful in various mathematical and real-world applications, such as population growth, financial calculations, and scientific modeling.
Understanding and identifying the common ratio can help in predicting future terms of a sequence and analyzing its behavior.
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Which type of traditional media can potentially reach a larger audience than print media, but is more expensive than newspapers and magazines and can be complicated to produce?
Answers
Answer:
Ad industry
Explanation:
The Ad industry in one such type of a traditional media who have a large audience than the other traditional media like the print media. But unfortunately, the ad media is much more expensive or costly when compared to print media such as magazines and newspapers and it is also complicated to produce.
When we discuss the Evaluate phase in ACE, which question do you ask to evaluate effectiveness of your instructional visuals?
A) Answer 1: Do cues in the visual help perception of selection, organization, and integration?
B) Answer 2: Is the visual learner-friendly?
C) Answer 3: Have you weeded out the extraneous data?
Answer 4: All of the Above
Answers
The Evaluate phase in ACE as the all of the above question as the relevant to the asked the effectiveness of your instructional visuals. Thus, option (d) is correct.
What is visuals?
The term visuals refer to represent the data, charts, drawings, paintings, design and the other things as included. The visuals are the concluded, the details and the easily to find out.
The evaluation of the ACE as the instrumental visuals are the first question is the selection, organization, and integration of the relevant and the visual learner-friendly and the quickly, extraneous data. As the all of the above, the question to the included.
Therefore, option (d) is correct.
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During the 2018 financial year, Foster Manufacturing recorded the following income and expenditure. GST is not considered in this question.
• Sales Revenue of $2,040,000
• Operating Expenses of $322,000
• Income tax Expense $215,000
Charges to Production were:
• Raw Materials issued to Production of $420,000
• Direct labour charged to Production $340,000
• Overheads charged to Production $272,000
• Actual cost of Overheads $265,000
Additional Information:
• Work in Process at the beginning of the period was $102,000
• Work in Process at the end of the period was $110,000
• Finished Goods at the beginning of the period was $234,000
• Finished Goods at the end of the period was $252,000
Required:
Based on the transactions recorded, within Microsoft Excel prepare a:
Income Statement for the year
Answers
Answer:
in 2021 C
Explanation:
c
Suppose your boss has asked you to write a letter to a client about a problem with their order. What format of writing would you use, and what kind of style would you use to write? justify your response. << read less.
Answers
Dear, my boss says that letters to clients should begin with "To," the recipient's name. The date should appear in the letter's header. Begin with a quick summary. Keep your voice casual and polite during the introduction.
What writing style would you employ, and what format would you choose?I would compose the letter in a compelling manner. Because it involves a client, this letter qualifies as a business letter, so the format should reflect that. It is as follows:
Your firm name and address or letterheadLetter's date of writing.Name and address of the clientIntroductionParagraphs for the letter's bodyThe company you work for and your nameThere are four primary types of letter writing: expository, persuasive, descriptive, and narrative. Now, because you are writing to the client about an issue with their order, it is neither fiction nor creative writing, thus it cannot be a narrative.
Since the person already knows the thing he ordered, it cannot be descriptive because it is not intended to describe in detail the person's order. Additionally, it cannot be explanatory because the purpose of this is not to inform the client about the order he placed.
The employee is attempting to persuade the customer as to why there is a problem with the delivery of his order, so this approach would be persuasive.
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