Jack is a gamer, and every time he plays at a gaming center, he pays five dollars using a card that he recharges electronically every week. It is evident that Jack uses _____ as the mode of payment
E-Cash was a digital-based system that allowed for anonymous money transfers.
So, Jack here is using E-cash as a mode of payment.
How is E-cash important?Since it combines technological ease with security features, electronic cash is an important idea in electronic payment systems via the internet.
Electronic Cash can be used to send and receive payments between consumers and merchants, as well as for any other type of financial transaction.
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3. parent owns 80% of sub. during 2014, parent sold goods with a 40% gross profit to sub. sub sold all these goods in 2014. for 2014 consolidated financial statements, how should the summation of parent and sub income statement items be adjusted? a. sales and cost of goods sold (cogs) should be reduced by the intercompany sales. b. sales and cost of goods sold (cogs) should be reduced by 80% of the intercompany sales. c. net income should be reduced by 80% of the gross profit on intercompany sales. d. no adjustment is necessary.
Intercompany transactions take place when items are sold from the parent to the sub since the parent owns 80% of the subsidiary. The Correct option is A
The parent in this instance made a 40% gross profit on the commodities it sold to the sub. Since the sub sold every item in 2014, the intercompany sales in the consolidated financial statements should be deleted to prevent double-counting of income and expenses.
As a result, intercompany sales—the volume of goods sold from the parent to the subsidiary—should be subtracted from both sales and cost of goods sold (cogs). The elimination of intercompany sales and expenses will result in a consolidation of the financial statements that accurately reflect the economic activity of the consolidated firm, so there is no need to alter net income.
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Mike and Joe enter into a contract. That contract involves an arbitration clause. A dispute arises. How will the terms of arbitration be determined?
A. The official rules of the American Arbitration Association.
B. The parties will agree before the arbitration begins.
C. In the relevant state statute books.
D. In the terms of the contract.
D. In the terms of the contract. The arbitration terms will typically be defined by the parties' agreement as expressed in the arbitrary class.
The clause explain the rules procedures and other terms that will help to govern the arbitration process which includes the selection of the arbitrators, the venue, the applicable law, and the important aspects.
It is very important to carefully review and analyze the clause of the arbitration before having a contract to ensure the terms of the arbitration are acceptable. In certain cases the parties may agree to the use of the official rules of an arbitrary association but this specifies the contract.
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Where do you report a stolen credit card to efta standards or pci standards
A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
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The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.
This statement that has been made here about the discount rate is true about the discount rate. The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.
What is the discount rate?This is the term that is used to refer to the minimum rate of interest that the federal reserve bank would set for the banks in the country.
Normally a discount would mean that the things would be cheaper and people would have to spend less for the things that they buy. Hence we can say that The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.
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Bonds are basically also known as what?
a
Loans
b
Contracts
c
Volatile Investments
d
None of the Above
bonds are basically known as
b)contracts
a+price+elasticity+of+demand+of+-1.25+means+that+if+price+decreases+by+10%+the+quantity+demanded+will+by+%
A price elasticity of demand of -1.25 means that if the price decreased by 10% the quantity demanded will increase 12.5.
Price Elasticity of Demand:
Price elasticity of demand is a measure of changes in consumption of a product to changes in price.
Price elasticity of demand =
Percentage change in quantity demanded ÷ Percentage change in price
Economists use price elasticity to understand how supply and demand for a product change when prices change. increase. Like demand, supply has an elasticity known as the price elasticity of supply. Price elasticity of supply refers to the relationship between changes in supply and changes in price. It is calculated by dividing the percentage change in shipment quantity by the percentage change in price. These two elasticities determine which goods are produced at what prices.
Economists found that prices for some commodities are highly inelastic. In other words, falling prices do not increase demand much, and rising prices do not hurt demand. For example, gasoline has a low price elasticity of demand. Drivers, like airlines, the trucking industry, and nearly every other buyer, will continue to buy as much as they need.
Other commodities are much more elastic, so changes in the prices of these commodities result in large changes in demand or supply.
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An FHA loan made last year may be assumed:
-only by a buyer who intends to occupy the property
-only by a buyer who intends to occupy the property as a primary residence
-only by a buyer who has had an FHA loan before
-by any buyer, regardless of whether he intends to occupy the property
Loans after that date may also be assumed, but the Federal Housing Administration requires a" creditworthiness supposition process". Simple hypotheticals may not bear FHA blessing, but the borrower and lender must work out the details together.
What happens to the property?For all loans after the 1986 cut off date, FHA blessing and borrower credit verification are needed. The" new" FHA rules governing loan supposition requires the borrower to qualify important in the same way he or she'd qualify for any other FHA home loan.
A loan supposition credit check is done in the same way as the procedure for any FHA loan operation. Loan hypotheticals can not offer more lenient credit check programs or more strict bones
According to the FHA, under the" Determining if an Assumptor is Creditworthy" rule," The lender who's the holder or servicer of the mortgage determines the creditworthiness of the assumptor, in agreement with standard mortgage credit analysis conditions. The Direct Countersign( DE) lender may also use an approved authorized agent to reuse hypotheticals."
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Which is NOT a part of the Texas Real Estate Commission's (TREC) complaint investigation and disposition procedures?
Answer:
The answer is cooperative. Which is NOT required by the Texas Real Estate Commission (TREC) for a real estate brokerage organized as a business entity? The answer is a copy of the bylaws of the business entity must be on file at TREC. ... The answer is the Texas Business Organization Code.
when the marketing manager at tony's pizza decided to target households with children ages 6 to 12 to reverse the sales trend in this segment, she was converting information into a(n)
Based on the fact that the marketing manager decided to target households that had children aged 6 to 12, this meant that she converted information into an action recommendation.
What is an action recommendation?An Action Recommendation refers to when a trend is noticed on data or information that is derived for a specific purpose, such as the sales trend described, and then this information is used to make decisions that either reverse the trend, or continue it and take advantage of it.
The sales trend information showed the marketing manager that there was a need to reverse it and so she used the data to make the Action Recommendation of targeting homes with children aged 6 to 12.
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A method of cost assignment where a cost can be associated to the particular cost object in an economically feasible way is called ________.
Answer:
indirect costs
Explanation:
costs related to a particular cost object that cannot be traced to that cost object in an economically feasible way. cost assignment. general term for assigning costs, whether indirect or direct.
I hope it helps.
As a(n) , it‘s up to you to make choices about what you buy and use.
As a consumer, it‘s up to you to make choices about what you buy and use.
What are consumers?Generally, A consumer is a person or group that uses a product or service. In economic terms, a consumer is someone who buys goods and services for personal use.
Consumer demand drives the economy, as businesses aim to produce and sell products that consumers want to buy.
Consumers also play a role in shaping the market by making purchasing decisions based on factors such as price, quality, and brand.
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CQ
As a(n)_____ , it‘s up to you to make choices about what you buy and use.
Which of the following is a method of accessing the money in your checking account?
Paying for goods with a debit card at the register method of accessing the money in your checking account.
To access their money, they can use ATMs, checks, or electronic debit or credit cards linked to their accounts. Don't worry, you have a lot of simple options to choose from. Use an ATM. If your bank account is connected to a debit card or ATM (Automated Teller Machine) card, you can withdraw cash there. Write a check for cash, make a cash withdrawal slip, and connect your account to a peer-to-peer payment service. When a debit is made, money is taken out of your bank account. Due to the fact that a credit adds money to your account, it is the opposite of a debit. Your account is debited frequently.
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why should mary ann and nana create a business plan? multiple choice to deter competition to provide an overall road map of how to start the business and to notify competitors they will be entering the market to determine the best way to own the business and make efficient production schedules to provide an overall road map of how to start the business and to attract/satisfy investors to secure a bank loan
mary ann and nana create a business plan to provide an overall road map of how to start the business and to attract/satisfy investors to secure a bank loan.
Why is it important to have a business plan ?A business plan outlines your company's goals and how it intends to get there. A business plan forces you to consider all facets of your enterprise. - If you want to get financing, you must have a strong business plan. A business plan aids in the dissemination of your ideas.
What element of a company plan is crucial?Undoubtedly, the most significant portion of the business plan is the executive summary. It must be well-written, succinct, and precise. Many readers of your business plan will determine whether to read more based purely on the executive summary.
What should a business strategy include?An executive summary, sections on products and services, marketing strategy and analysis, financial planning, and a budget should all be included in good business plans.
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According to the video, what are some qualities that Special Education Teachers need? Check all that apply. driving skills art skills communication skills patience responsibility O dominance
Answer:
3,4,5 hope this help:)
Explanation:
Answer:
c, d, e
Explanation:
yeet
There should be no minimum wage in America. Workers should negotiate their pay! Do you agree with this statement? Why or why not?
Answer:
Minimum wage is important because it dictates the lowest hourly wage that a worker much be given. If it was removed, corporations may be able to give workers lower than what minimum wage would have been. Corporations also may outright refuse to pay the workers what they want leaving them jobless.
Hope that helps
Explain the impact of effective purchasing on an operation’s cash flow.
Answer:
Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.
The effective purchasing is very important to a small business. Purchasing is a key factor for any small business as it influence the performance at all levels.
When the supplies you purchase for consumption do not meet one's needs they will limit the efficiency of the operations you want to carry out and also cash flow in the organization or business. One must to create the right purchasing procedures and closely handle them.
Purchasing systems play an key role in controlling a company's cash outflows this is because they ensure that only the key purchases are made and that they are to be done at good or reasonable prices.
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Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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What does an exchange rate tell you?
A. How many products have been exchanged between two different countries
B. The number of people in one country in comparison to another country
C. How much one unit of currency is worth when converted to another currency
D. The speed that people are buying a specific type of product
Answer:
C. How much one unit of currency is worth when converted to another currency
It tells you: C. How much one unit of currency is worth when converted to another currency.
Ms. Levebre is the president of a company that makes office supplies. She wants to sell office supplies to the federal government. Where can she find the rules and procedures for doing this?
Federal Register of Rules and Bylaws
Government Purchasing Rules
Federal Acquisition Regulations
U.S. Government Purchasing Rights
Answer:
Federal Acquisition Regulations
Explanation:
Ms. Levebre can find the rules and procedures for selling office supplies to the federal government in the Federal Acquisition Regulations (FAR). The FAR is a set of standardized guidelines that outline the process for acquiring goods and services from private businesses by the federal government. It provides information on the process for submitting bids, negotiating contracts, and fulfilling orders, as well as other important details related to doing business with the federal government.
Carla Vista Enterprises purchased equipment on March 15, 2021, for $71,150. The company also paid the following amounts: $550 for freight charges; $204 for insurance while the equipment was in transit: $1,891 for a one-year insurance policy: $1,959 to train employees to use the new equipment; and $2,776 for testing and installation. The company began to use the equipment on April 1. Carla Vista has estimated the equipment will have a 10-year useful life with no residual value. It expects to consume the equipment's future economic benefits evenly over the useful life. The company has a December 31 year end. Using the method chosen above, calculate the depreciation on the equipment for 2021.
The depreciation on the equipment for 2021, using the chosen method, is $7,238.
To calculate the depreciation on the equipment for 2021, we need to determine the depreciable cost of the equipment and divide it by the useful life of the equipment. The depreciable cost is the original cost minus any salvage value. In this case, the equipment has no residual value, so the depreciable cost is equal to the original cost of $71,150.
Next, we need to consider the additional costs incurred in acquiring and preparing the equipment for use. These costs, known as ancillary costs, are added to the depreciable cost. In this case, the ancillary costs include the freight charges ($550), insurance during transit ($204), one-year insurance policy ($1,891), training expenses ($1,959), and testing and installation costs ($2,776). The total ancillary costs amount to $7,380.
Therefore, the depreciable cost of the equipment is the sum of the original cost and ancillary costs:
Depreciable Cost = Original Cost + Ancillary Costs
Depreciable Cost = $71,150 + $7,380
Depreciable Cost = $78,530
Finally, we divide the depreciable cost by the useful life of the equipment to determine the annual depreciation expense:
Depreciation Expense = Depreciable Cost / Useful Life
Depreciation Expense = $78,530 / 10 years
Depreciation Expense = $7,853 per year
Since the equipment was put into use on April 1, 2021, we calculate the depreciation for 2021 by multiplying the annual depreciation expense by the number of months the equipment was in use during the year (9 months):
Depreciation for 2021 = Depreciation Expense * (Months in Use / 12)
Depreciation for 2021 = $7,853 * (9 / 12)
Depreciation for 2021 = $5,890.25
Therefore, the depreciation on the equipment for 2021 using the chosen method is $7,238.
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baket gusto mo maging flight attendant
if alex and adam each specialize in the good in which he has a comparative advantage and then engage in trade, can consume a combination of goods that lies beyond their ppf.
Alex and Adam can consume a combination of goods that lies beyond (PPF). This allows them to benefit from the principle of comparative advantage and achieve higher levels of consumption.
The principle of comparative advantage states that individuals or countries should specialize in producing goods in which they have a lower opportunity cost compared to others. By doing so, they can increase total output and achieve more efficient resource allocation.
When Alex and Adam specialize in producing goods according to their comparative advantage and engage in trade, they can exchange their goods with each other. This trade allows them to access goods that they wouldn't be able to produce efficiently on their own, enabling them to consume a combination of goods that lies beyond their PPF.
In other words, trade expands their consumption possibilities beyond what they could achieve through self-sufficiency, leading to higher levels of welfare and economic efficiency.
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HELP! Small companies and large companies have different designations. Which of these terms can designate a large company
Answer:
"Corporate" can designate a large company.
A business buyer buys goods for SEK 50,000 including VAT. (25% rate) on credit. What accounting effects does the transaction have?
The business buyer's purchase of goods on credit worth SEK 50,000 including VAT at 25% has the accounting effect of increasing both assets and liabilities.
When a business buyer buys goods on credit worth SEK 50,000 including VAT at 25%, there are accounting effects to be noted. This transaction has the effect of increasing both assets and liabilities. The assets of the buyer are increased by the value of the goods purchased, which is SEK 50,000 including VAT at 25%.This increase in assets is, however, accompanied by an increase in liabilities since the purchase is made on credit. The buyer becomes liable to pay the supplier for the goods purchased on credit. This liability is recorded as accounts payable in the buyer's books of accounts.The VAT element of the transaction also has an accounting effect. The VAT element is considered as a part of the purchase price of the goods. Therefore, the buyer's accounts will show the VAT element as part of the cost of the goods purchased on credit. This means that the buyer's costs of goods sold will increase by SEK 10,000 (VAT at 25% of SEK 50,000).
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You own a store in Simpsons Square Mall. Items in the compactor should weigh no more than
10 pounds
20 pounds
40 pounds
50 pounds
60 pounds
Explanation: From a similar question like this, I believe the answer is 40
when does customer approve the delivery of functionality to their business
The approval of the delivery of functionality to a customer's business typically occurs during the acceptance testing phase of a project. Acceptance testing is performed to ensure that the delivered functionality meets the customer's requirements and expectations.
The specific timing of customer approval can vary depending on the project and the agreed-upon processes. In some cases, the customer may conduct acceptance testing themselves by using the delivered functionality in their real-world business environment. They will evaluate the system's performance, functionality, and usability against the agreed-upon criteria or acceptance criteria.
Once the customer is satisfied with the delivered functionality and it meets their requirements, they provide formal approval or acceptance. This approval signifies that the functionality has met their expectations and is ready for deployment or use in their business operations.
It's important to note that the approval process may involve multiple stages or iterations, especially in larger projects or when delivering complex functionality. The customer and the development team may engage in ongoing communication and collaboration to address any issues or feedback that arise during the testing and approval process.
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what are 2 reasons a business should have a code of ethics???
FIRST ANSWER GETS BRAINLIEST
Answer: Having good ethics should be just as important as any other business characteristic; the importance of good ethics should be seen in much the same way the business community has recognised the importance of a good company culture on the success of a business.
Explanation: I think
One way by which firms differentiate their products is to try to anticipate changes in consumer tastes and adapt their products to fit those changed tastes. True or False
The statement is "True." One way by which firms differentiate their products is to try to anticipate changes in consumer tastes and adapt their products to fit those changed tastes.
What is differentiation, Product differentiation is a marketing technique that allows companies to distinguish their products from competitors' products by highlighting unique features, benefits, or pricing.
A product can be differentiated from others in many ways, including through quality, design, function, or packaging.
Differentiation in terms of adaptability Differentiation of products by adaptability refers to firms making changes in their products and services to satisfy the changing consumer requirements. This differentiation strategy focuses on satisfying customer needs by modifying existing products or creating new ones to meet customer needs.
In conclusion, by anticipating changes in consumer tastes, firms can differentiate their products by adapting their products to fit those changed tastes.
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whats the different between income effect and substitution effect
The substitution effect looks at the change in price of a good relative to other goods. The income effect looks at how a change in price affects real disposable income.
What is the income and substitution effect?The two effects that lead to a change in the quantity demanded of a good are the income and the substitution effects.
If the price of a good rises, the good becomes more expensive relative to its substitutes. Consumers now consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve. This is the substitution effect.
The income effect looks at the change in the price of a good on real disposable income. If the price of a good increases, the real purchasing power of a consumer declines holding income constant. As a result, the consumer would have to reduce the quantity of the good demanded.
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