If Asim's HooknLadder were a competitive firm, increasing production would affect the price at which the company is able to sell engines. If demand is greater than supply, then the price of the engine will increase. If supply is greater than demand, then the price of the engine will decrease.
In a competitive market, the price of an engine is determined by the forces of supply and demand. If Asim's HooknLadder were to increase its production of engines, this would increase the amount of supply in the market. This increase in supply would lead to an increase in competition among firms, resulting in a decrease in the market price of an engine. This decrease in market price would, in turn, allow Asim's HooknLadder to sell engines at a lower price than the current market price of $105,000.
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A(n) ______ variable can be any factor, other than the variable being manipulated, in the experiment that might affect the dependent variable. A. interval B. correlational C. independent D. confounding
A confounding variable can be any factor, other than the variable being manipulated, in the experiment that might affect the dependent variable.
What is a confounding variable?This is the term that is used to refer to the third variable that is known to have an effect on the dependent variable as well as the independent variable. They are an external effect that affect the work that is being done. They give us results that are often not the particular case in question.
It happens in a way that it would end up causing a distorted or a spurious relationship between the variables in the question. The confounding variable is often known to not be measured yet it has great effect on the cause and the effect in the particular experiment. They confound the exact relationship that may have effect on the variables. They compete with what is of interest.
Hence A confounding variable can be any factor, other than the variable being manipulated, in the experiment that might affect the dependent variable.
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PLEASE HURRY 90 POINTS AND BRAINLIEST TO WHOEVER ANSWERS
Trade School vs. College - How to Decide?
The choice to go to college or choose a trade school is a huge decision you may need to make in the near future. There are a lot of factors to consider when making this choice, so it is a good idea to start reading about the advantages and disadvantages of college and trade schools. Each path can lead to success depending on what you want to do with your life.
After reading the article, make your own list of pros and cons for both trade school and college. Highlight the most important details that will help you make your decision.
Next, develop a basic career and education plan. Your plan should briefly outline the following:
Any long and short-term goals for your education and career future
What high school and college programs might help you reach your goals
This plan can be created in any word processing program.
Once you have completed your list of pros and cons and developed your career and educational plan, answer the following questions:
The article states, “In the past, there may have been some stigma about trade schools not being a viable option to pursue well-paying, long-term careers. However, times have changed! Now more than ever students are looking for alternative education options that allow them to complete school on a faster timeframe with less financial investment.” A stigma is defined as a mark of disgrace associated with a situation or person. What does the author mean by saying that in the past there may have been some stigma about trade schools? Why do you think this stigma existed?
Why do you think this article was written? Does it seem that the author favors trade school and college as equally enriching experiences? Why?
How did the author organize the information? Did the structure of the article help you see the clear pros and cons of trade schools and colleges? Why?
What is the author’s point of view? Analyze and discuss how they distinguish their point of view from others.
What are two (or more) central ideas in this text? How are these ideas developed over the course of the article?
If you had to choose a path right now—college or trade school—which would you choose? Include details from the article that helped sway your decision.
How College Loans Exploit Students for Profit
Explain the issue Samuel discusses that has 40 million Americans in debt.
Samuel mentions three truths that you can’t ignore—briefly explain at least one of the following truths:
What is Income-Based Tuition? Discuss the three advantages to Income-Based Tuition.
4 Pillars of College Success in Science
Why did Hrabowski join the Children’s Crusade in Birmingham? What was the most important lesson that he learned?
Hrabowski states, “…most people don’t realize that it’s not just minorities who don’t do well in science and engineering.” Please explain this statement and give a brief summary regarding how Hrabowski supports this statement.
Why do students who attend the most prestigious universities in our country begin in pre-med or pre-engineering and engineering but end up changing their majors?
Explain the four things that Hrabowski’s university did to help minority students that are now helping all students?
The author of the article on trade schools versus college is encouraging students to weigh their options and make a decision based on what they want to do with their lives.
In the past, trade schools had a stigma attached to them as not being viable options for well-paying, long-term careers. However, now more than ever, students are looking for alternative education options that allow them to complete school in a faster timeframe with less financial investment.
The author wrote this article to provide information for students to make an informed decision. The author is not biased towards either college or trade schools but presents both as enriching experiences. The article is structured in a way that organizes the information in a clear and concise way, allowing the reader to see the pros and cons of both trade schools and colleges.
The author's point of view is that students should choose the path that best aligns with their goals and aspirations. They make it clear that college and trade schools can lead to success, depending on what the student wants to do with their life.
Two central ideas in the article are that both college and trade schools can lead to success, and students should choose the path that best aligns with their goals. These ideas are developed over the course of the article by providing pros and cons for both paths and discussing the importance of making a decision based on one's aspirations.
If I had to choose a path right now, I would choose college. This is because I am interested in pursuing a career in medicine, which requires a college degree. The article helped sway my decision by providing information on the advantages of college, such as the wide range of career options and opportunities for networking.
In "How College Loans Exploit Students for Profit," Samuel discusses the issue of student debt, which has left 40 million Americans in debt. One of the truths that Samuel mentions is that the student loan industry is a $100 billion industry that is making profits off of students.
Income-Based Tuition is a tuition payment option where the amount a student pays for tuition is based on their income. The three advantages of Income-Based Tuition are that it reduces the financial burden on students, it encourages students to pursue higher education, and it makes education more accessible to low-income families.
Hrabowski joined the Children's Crusade in Birmingham to protest against racial segregation and discrimination. The most important lesson he learned was the power of unity and how students can make a difference when they work together.
Hrabowski's statement means that there is a misconception that only minorities struggle in science and engineering when in reality, it is a problem that affects everyone. Hrabowski supports this statement by discussing the initiatives that his university has taken to help all students succeed in science and engineering.
Students who attend prestigious universities often begin in pre-med or pre-engineering because of societal pressure or the perceived status of these fields. However, they often end up changing their majors because they realize that their true passions lie elsewhere.
The four things that Hrabowski's University did to help minority students that are now helping all students are creating a supportive and inclusive community, providing mentorship opportunities, offering resources and support services, and promoting the importance of education.
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What is most likely to happen as a result of specialization?
Output per worker will increase
O Competition for resources will rise
O Machines will take everyone's jobs
O Individual workers' wages will decrease
Answer:
Output per worker will increase
Explanation:
Specialization means work is subdivided into smaller tasks. Each individual is assigned the task which suits them the most. In specialization, the individual focus on the assigned tasks only. They do the same job every day for a prolonged time.
By concentrating on a specific task, an employee becomes an expert on that job. Their efficiency increases, which results in an overall higher productivity per worker.
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
20 POINTS!
I need help with putting my two weeks in….
Need to sound professional!
I am currently an intern at a construction office job. I want to say that I have decided to go to esthetician school but appreciate being able to work here as a intern and learn a lot of things these last 6 months.
Thank you!!
Which of the following exemplifies a performance goal?
Employees are required to achieve short-term performance goals. Employees can better comprehend what is expected of them or their positions when goals are defined for them.
What is performance Goal ?Additionally, it aids in the proper evaluation and direction of workers by employers.
Establish a procedure for monitoring progress on important projects, including milestones and decision deadlines, in order to promote concentration on finishing a work. Share by February 10 with the management.
Concentrate on achieving performance standards or goals independently of rival competitors—typically by drawing comparisons to one's own prior success. Focus on the actions that a person must take during a performance in order to execute or perform properly.
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What is one argument in favor of the Fed using aggressive expansionary monetary policy during an economic crisis?
Explanation:
The central bank of a country is responsible for monitoring the monetary policy. An effective American monetary policy is based strictly on the situation presented. Request A Topic. Sign Up For Notifications.
3. Why are customers' buying motives sometimes difficult to determine?
The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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Question 3 of 10
Investments can make businesses more productive by:
A. removing most opportunity costs for making economic choices.
B. allowing them to ignore the limits of production possibilities
curves.
C. increasing the amount of input needed to create a certain output.
D. giving them resources to produce goods more efficiently.
SUBMIT
The structure of an industry is changed over time by firms both entering and exiting it. For example, when Apple introduced its iPod, it had a monopoly in this product space since no other manufacturers sold any devices like it. But over time, competitors being lured by profit potentials, introduced their own products such that the industry structure for mp3 players changed from being a monopoly into one that became more competitive as more similar products began appearing in the mp3 player product space.
Smartphones have largely displaced stand-alone mp3 players. Describe the effects of this on the mp3 player industry focusing more on how this industry has changed. Include some discussion of Apple's response to the changing industries conditions over time to as far as what they are more-recently.
The effects of the smartphone industry on mp3 players was that decline in the music player industry has been noticed.
What are smartphones?Smartphones are referred to as electronic devices mainly used to communicate with people. Smartphones make the life of an individual easier by providing facilities with one click.
The majority of companies that produce MP3 players have entered the smartphone market due to the decline in mp3 players. A number of businesses well-known for producing electronic products, such as MP3 players, have now changed their attention to producing smartphones.
As the market conditions changed over time, Apple responded in a way that helped it become one of the top brands known for its innovation. Apple focuses on providing outstanding customer value. Apple shifted its attention to the design and the display to increase customer satisfaction.
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Recommend further strategies companies in South Africa may use to protect the environment
Strategies companies in South Africa may use to protect the environment -
1-Provide Filtered Water
If you take a look around your workplace, probabilities are you’ll see a beverage on each desk. For a lot of today’s younger workers, water is the beverage of choice. However plastic water bottles take hundreds of years to completely decompose if they make their manner to landfills. sure, you may provide recycling containers, however the three rules of shielding the environment are, so as, reduce, reuse, and recycle. problem a reusable cup to each new employee for the duration of onboarding.
2-Reduce Paper Waste
Business have made great strides in recent years toward going paperless. but, most places of work nonetheless have a distance to head. if you still rely upon paper-primarily based methods, you can scare off millennials who prefer everything to be carried out electronically. encourage body of workers now not to print e-mail and draft files, providing the ability to send documents to non-public devices if that makes digital evaluation less difficult.
3-Switch to LED Lightbulbs
If you’ve shopped for lightbulbs lately, you’ve probable observed how complicated the selections have become. even though the federal government mandated all lightbulbs emerge as more electricity green, a few are higher at that activity than others. you can conserve power — reducing your utility bills and protective the environment — via switching each bulb to your building.
4-Allow Telecommuting
Telecommuting will help your commercial enterprise appeal to millennials on a couple of ranges. more youthful professionals have said a clean preference for bendy paintings preparations, including being allowed to work at home as a minimum a part of the time.
5-Improve Air Quality with Indoor Plants
Few companies fill their workplace spaces with plant life, however they are able to dramatically enhance the aesthetics. sure, employees can convey in their very own plant life, however seeing that open-plan places of work have end up extra established, people now can see beyond their own desks.
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price elasticity of demand for electricity
The price elasticity of demand for electricity reflects the sensitivity of electricity consumption to price changes.
The price elasticity of demand for electricity is a measure of the responsiveness of electricity consumption to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
Understanding the price elasticity of demand for electricity is important for policymakers, electricity providers, and regulators in making informed decisions.
In the short run, the price elasticity of demand for electricity tends to be relatively low or inelastic. This means that changes in the price of electricity have a relatively small effect on the quantity demanded.
Electricity is considered a necessary and essential good for many households and businesses, and there are limited substitutes available in the short run.
In the long run, the price elasticity of demand for electricity becomes more elastic. Consumers and businesses have more flexibility to respond to price changes by adjusting their behavior, investing in energy-efficient technologies, or switching to alternative energy sources.
The availability of substitutes and technological advancements play a significant role in increasing the elasticity of demand over time.
It is important to note that the price elasticity of demand for electricity can vary across different consumer segments and regions. Industrial and commercial consumers often have more options to adjust their electricity consumption patterns and tend to have a higher elasticity of demand.
Residential consumers, on the other hand, may have fewer alternatives and exhibit a lower elasticity of demand.
It helps policymakers and stakeholders anticipate the impact of price fluctuations and design effective policies related to pricing structures, subsidies, energy efficiency programs, and the promotion of renewable energy sources.
Understanding the price elasticity of demand for electricity is crucial for balancing economic, environmental, and social goals in the energy sector.
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The nut graf answers the question....
A) Why am I reading this story?
B) What is the name of the newspaper?
C) Where is the location of the story?
D) Who is telling the story?
(Help please)
Answer:
c
Explanation:
just did it
Answer:
C is correct on k12
Explanation:
Jose deposits $2,100.00 into a savings account at her credit union. The annual compound interest rate is 1.5%. How much money will Jose have after 20 years?
Which of the following social media options is best for a company wishing to present more of a "story" of the business, one that is less factual but more emotional?
Microblogging
Photo sharing
Text or email
Video sharing
Video sharing, of the following social media options is best for a company wishing to present more of a "story" of the business, one that is less factual but more emotional. Thus, option (d) is correct.
What is business?The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.
According to the social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. The business was the improved as the emotional story to the share as the best choice was the video sharing.
As a result, the video sharing is the best option. Therefore, option (d) is correct.
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Traditional marketing revolves around the 4 Ps:
Traditional marketing revolves around the 4 Ps, which are Product, Price, Place, and Promotion.
These elements form the foundation of a marketing strategy for businesses.
Product: Refers to the goods or services that a company offers to its customers. It involves defining the features, design, and quality of the product.
Price: Involves determining the cost of the product or service and finding the right pricing strategy that aligns with customer expectations and market conditions.
Place: Focuses on selecting the distribution channels and locations where the product will be available for customers to purchase. It includes decisions related to retail outlets, online platforms, or direct sales.
Promotion: Involves the activities undertaken to promote and create awareness about the product. It includes advertising, public relations, sales promotions, and other marketing communication strategies.
These 4 Ps provide a framework for businesses to analyze and optimize their marketing efforts to meet customer needs, increase sales, and achieve overall business objectives.
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Lynx Corp. The data presented below for Lynx Corp. are for the year ended December 31, 2017: Sales (100% on credit) $1,000,000 Sales returns 30,000 Accounts receivable (December 31, 2017) 170,000 Allowance for doubtful accounts (credit balance) (before adjustment at December 31, 2017) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Lynx Corp. If Lynx Corp. uses the aging of accounts receivable approach to estimate its bad debts, what amount will be reported as bad debts expense for 2017
Answer:
Allowance for Doubtful Accounts 69,000
Explanation:
If the company estimates its bad debt to be 2% of net credit sales:
sales 2,500,000
return and allowance (50,000)
net sales 2,450,000
Then, we calculate 2% of this amount:
2,450,000 x 0.02 = 49,000
As the uncollectible amounts are related to sales rather than account receivable we adjust for the full value giving an ending value of:
beginning 20,000 + adjustment 49,000 = 69,000
What is Supply Chain?
Answer:
Hello, I'm here to help you.
Explanation:
Supply Chain: Is a network between a company and its suppliers to produce and distribute a specific product or service.
businesses use organisational structure which is based around project but employee stay in their department
An organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration
Businesses that adopt an organizational structure based around projects while keeping employees in their respective departments often follow a matrix or hybrid organizational structure. This approach allows organizations to leverage the benefits of both functional departments and project teams.
In this structure, employees are grouped into functional departments based on their areas of expertise or skills. These departments, such as finance, marketing, human resources, and operations, provide specialized support and resources to various projects within the organization. Each department is typically led by a department head or manager responsible for overseeing the department's operations and ensuring the delivery of functional objectives.
On the other hand, project teams are formed to address specific business objectives or initiatives. These teams are comprised of individuals from different departments who possess the necessary skills and expertise to achieve project goals. The project teams are usually led by a project manager who is responsible for coordinating activities, managing resources, and ensuring the successful completion of the project within the specified timeline and budget.
By adopting this organizational structure, businesses can maximize efficiency and resource utilization. Employees benefit from the stability and specialization offered by their department, allowing them to develop deep expertise in their functional areas. At the same time, they also have the opportunity to contribute their expertise to cross-functional project teams, enabling them to broaden their skills, collaborate with colleagues from different backgrounds, and gain exposure to diverse projects and challenges.
This structure facilitates better communication and coordination between departments, as project teams act as intermediaries, ensuring that information and resources flow seamlessly between the departments and the projects. Additionally, it encourages a culture of innovation and flexibility, as employees have the opportunity to contribute their unique perspectives and expertise to different projects, fostering a cross-pollination of ideas.
Overall, an organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration, enabling businesses to efficiently execute projects while maintaining the stability and expertise of functional departments.
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Select the correct text in the passage.
Which sentence identifies business-to-business advertising?
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Reset
Next
Answer:
It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality.
Explanation:
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Answer: it also won a contract with a security solution agency, which saw the company advertised discounts on CCTV cameras in a trade journal.
Explanation: edmentum
Accumulated depreciation
A.) Increase Liabilities
B.) Increase assets
C.) Decreases assets
D.) decreases liabilities
You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
What are laws???????/
Answer:
the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.
Explanation:
its facts
a teammate tells you that you tend to take over shared projects. you've gotten this feedback from other too. what should you say? A I wish you would have mentioned this during projects. please be sure to do so on the next one. B I'm sorry you're feeling left out, I'll be sure to give you more to do on the next one. C I'm sorry maybe we can work together to divide our responsibility on the next one. D I've gotten this feedback before, I just like things done a certain way. E I'm used to leading projects, so I usually just take over without even realizing it
Answer:
C
Explanation:
even if it's unintentional we should apologize professionally
Photolite (B) Corporation case study answers
Companies that have been certified as B Corporations, or B Corps, have had their compliance with strict criteria for social and environmental performance, accountability, and openness evaluated by B Lab.
Who is B Corporation's owner?Three people, Jay Coen Gilbert, Bart Houlahan, and Andrew Cassoy, founded the Certified B Corporation Movement. Co-founders Jay and Bart established the basketball apparel and footwear business AND1. And1 was a prime example of what a socially conscious company may look like in the 1990s.
Certified B is what?The highest standards for social and environmental performance have been voluntarily met by a corporation known as a Certified B Corporation. These requirements are purposefully stringent in order to identify and reward industry leaders.
B Corp was initially formed from "benefit corporation," a type of corporate structure used in the US, but it now has many different meanings to different people.
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What does it mean when a company is B Corp?
How does Accenture help companies turn less meaningful data collection into an effective data strategy
Answer:
Accenture is a global professional services company that helps organizations transform their businesses through the use of technology. One way they can help companies is by assisting them in developing an effective data strategy. This can involve helping the company identify its business objectives and the data needed to achieve those objectives, and then developing a plan for collecting, analyzing, and using that data to support decision-making and drive business results.
To turn less meaningful data collection into an effective data strategy, Accenture might work with a company to review its current data collection practices and identify areas where data is being collected without a clear purpose or value. They could then help the company focus its data collection efforts on the data that is most relevant to its business objectives and develop processes for using that data to inform decision-making and drive business outcomes.
Accenture can also help companies develop data governance practices to ensure that data is collected, stored, and used ethically and in compliance with relevant regulations. This can include developing policies and procedures for data collection, storage, and use, as well as providing training and support to ensure that employees are aware of and adhere to these practices.
Overall, Accenture can help companies develop an effective data strategy by assisting them in identifying the data they need to support their business objectives, developing processes for collecting and using that data, and implementing data governance practices to ensure that data is collected, stored, and used ethically and in compliance with relevant regulations.
Explanation:
At which event must special care be taken when prepping food for your guest
Answer: Im not sure I fully understand what is being asked, but when prepairing food for guests, special care must be taken when prepairing raw meats. Sanitation is vital when it comes to mixing raw meats and veggies.
Explanation:
The event at which special care should be taken when preparing food for the guests is at every event when guests must eat food.
What are special occasions?Special occasions are used to mark important events in the life of the hosts and guests. Food is always prepared and offered at such special events.
The different tastes and preferences of guests must be considered, especially with regard to the use of spices and seasonings.
At every event, where guests are expected to participate in the prepared food, utmost care must be taken to ensure:
A sanitized environmentNecessary precautions for food safetyA dignified dining experience.Thus, the event where special care must be taken when preparing the food for the guests is every event where guests are expected to eat some food.
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why must banks keep money on reserve?
Answer:
Bank reserves are the cash minimums that must be kept on hand by financial institutions in order to meet central bank requirements. The bank cannot lend the money but must keep it in the vault, on-site or at the central bank, in order to meet any large and unexpected demand for withdrawals.
Explanation:
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $164,000 and a balance in retained earnings of $64,000. During the year, the company issued additional shares of stock for $54,000, earned net income of $44,000, and paid dividends of $11,400. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Liabilities Cash $54,000 Accounts payable $13,600 Supplies 12,300 Utilities payable 5,200 Prepaid rent 31,000 Salaries payable 4,900 Land 270,000 Notes payable 29,000.
Required:
1. Prepare a statement of stockholders’ equity.
2. Prepare a balance sheet.
Answer:
Artichoke Academy
Statement of Stockholders’ Equity
For the Year Ended December 31, 2021
Beginning balance Common Stock $164,000
Beginning balance retained earnings $64,000
Subtotal $228,000
Common Stock issued $54,000
Earned net income $44,000
Distributed dividends ($11,400)
Ending balance Common Stock $218,000
Ending balance retained earnings $96.600
Total Stockholders' Equity December 31, 2021: $314,600
Artichoke Academy
Balance Sheet
For the Year Ended December 31, 2021
Assets:
Cash $54,000
Prepaid rent $31,000
Supplies $12,300
Land $270,000
Total assets: $367,300
Liabilities and stockholders' equity:
Accounts payable $13,600
Utilities payable $5,200
Salaries payable $4,900
Notes payable $29,000
Common stock $218,000
Retained earnings $96,600
Total liabilities and stockholders' equity: $367,300