Answers
Answer:
Magnus Carlsen
Explanation:
Related Questions
Account no. Account Description
101 Cash at bank
102 Accounts receivable
110 Office supplies
120 Office equipment and furniture
130 Motor vehicles (s)
201 Accounts payable
210 Bank loan
301 Share capital
401 Revenue
510 Rent expense
520 Electricity expense
530 Advertising expense (s)
540 Bank charges (s)
550 Interest expense (s)
560 Wages expense
Prepare journal entries for the following
30/03-Entered into a contract for delivery of electric vehicle, at a cost of $20000 which is to be used for the business. The vehicle will be delivered in 2 weeks’ time. No cash payments have yet been made in relation to the contract.
30/3-Invoice received from the local nurseries association for advertising of $1,300. The invoice was paid by transfer from the business bank account
Answers
A bank Account Description is a type of financial account that is kept by a bank or other financial organisation and is used to record financial transactions between the bank and its clients.
What are the steps to opening a bank account?To open an account, you must select a bank and give that bank the required documentation, such as identity and proof of address. Typically, in order to qualify, you must be at least 18 years old. To avoid fees, you may also need to fill the account or maintain a minimum level.
What is the account no?When you open a bank account, you are given a specific set of digits called a bank account number. Such numbers will be assigned by financial organisations to every account you have.
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If the month-end bank statement shows a balance of $71900, outstanding checks are $55000, a deposit of $15000 was in transit
at month end, and a check for $2600 was erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
$114500.
$72600.
$34500.
$31900.
Answers
Answer:
114500 Roth ddududududjdhfjf
Payback Period Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system requires an investment of $1,200,000 and either has: Even cash flows of $800,000 per year or The following expected annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000.
Required:
Calculate the payback period for each case.
Answers
Answer:
Assuming cashflows of $800,000 a year:
Payback period = Investment / Stable cashflow
= 1,200,000 / 800,000
= 1.5 years
Assuming uneven cashflows:
Payback period = Number of years before payback year + Cash remaining to be paid / Cashflow in payback period
= 150,000 + 150,000 + 400,000 + 400,000
= $1,100,000
Years before payback year = 4 years
Cash remaining to be paid back = Investment - Cashflow so far
= 1,200,000 - 1,100,000
= $100,000
Payback period = 4 + 100,000 / 100,000
= 5 years
what is an appropriate synonym for countertrading?
Answers
Answer:
international trade
Explanation:
An appropriate synonym for countertrading is Bartering
Bartering occur in a situation where a person or an individual gives out his or her items for the sole aim of receiving another item or goods in return.
Bartering is important as it enables people who does not have money to acquire the things they desire to acquire it by simply exchanging their goods or the items they have with another person who has want they need.
Inconclusion An appropriate synonym for countertrading is Bartering.
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Suppose a campus restaurant increases the number of workers it hires from 2 workers per day to 12 workers per day. As a result, it
total revenue increases from $90 per day to $600 per day.
Assuming that each worker is equally productive, whats the marginal revenue product per day of each additional worker?
Assuming the restaurant is using its resources in a profit-maximizing way, and that each worker works 5 days each week, whats is the current weekly wage rate in the labor market?
Answers
Answer:
It will increase 12 workers per day and increase exponentially with 2 workers. It will also increase by $510 every day. The restaurant will gain more profit if each worker continues to keep their current weekly wage rate.
Explanation:
a. The marginal revenue product per day of each additional worker is $51 per day.
b. The current weekly wage rate in the labor market is $255.
a. Marginal revenue product per day
Using this formula
Marginal revenue product=Incremental revenue/Incremental workers
Let plug in the formula
Marginal revenue product=($600-$90)/(12-2)
Marginal revenue product=$510/10
Marginal revenue product=$51 per day
b. Current weekly wage rate
Weekly wage rate=$51×5 days
Weekly wage rate=$255
Inconclusion the marginal revenue product per day of each additional worker is $51 per day and the current weekly wage rate in the labor market is $255.
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Credit cards and charge cards differ in two important ways.one is the method of payment.what is the other difference
Answers
While credit cards and charge cards may seem similar on the surface, there are important differences in their method of payment, impact on credit scores, and rewards programs
Credit cards allow users to carry a balance from month to month, while charge cards require the balance to be paid off in full each month.
The second difference between credit cards and charge cards is the way in which they impact credit scores. Credit cards are reported to credit bureaus and can have a positive or negative impact on a user's credit score depending on their payment history and credit utilization.
Charge cards, on the other hand, are not reported to credit bureaus in the same way that credit cards are. Instead, they are typically only reported if the user fails to pay the balance in full each month, which can negatively impact their credit score.
Another important distinction between credit cards and charge cards is the types of rewards and benefits they offer. Many credit cards offer rewards programs, such as cash back, airline miles, or points for purchases. Charge cards may offer similar benefits, but typically have higher annual fees and stricter requirements for eligibility.
In conclusion, It's important for users to carefully consider their needs and financial situation before choosing between the two.
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27) Which of the following is NOT a potential benefit of owning a small business?
Answers
Answer:
D I'm not sure if correct ..
Granger Service Company, Inc., was organized by Ted Granger and five other investors. The following activities occurred during the year:
a. Received $71,000 total cash from the six investors; each investor was issued 8,500 shares of common stock with a par value of $0.20 per share.
b. Purchased equipment for use in the business at a cost of $19,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). Signed an agreement with a cleaning service to pay $130 per week for cleaning the corporate offices next year.
c. Received an additional contribution from investors who provided $3,100 in cash and land valued at $16,000 in exchange for 1,100 shares of stock in the company.
d. Lent $2,600 to one of the investors who signed a note due in six months. Ted Granger borrowed $7,100 for personal use from a local bank, signing a one-year note.
Required:
Create T-accounts for the above accounts.
Answers
Answer:
Granger Service Company, Inc.
T-accounts
Cash
Accounts Titles Debit Credit
Common stock $10,200
APIC - common stock 60,800
Equipment $4,750
Common stock 2,200
APIC - common stock 900
Notes Receivable 2,600
Notes Receivable
Accounts Titles Debit Credit
Cash $2,600
Common Stock
Accounts Titles Debit Credit
Cash $10,200
Cash 2,200
Additional Paid-in Capital
Accounts Titles Debit Credit
Cash $60,800
Cash 900
Land 16,000
Land
Accounts Titles Debit Credit
APIC - common stock $16,000
Equipment
Accounts Titles Debit Credit
Cash $4,750
Notes payable 14,250
Notes payable
Accounts Titles Debit Credit
Equipment $14,250
Explanation:
The T-accounts consist of account titles at the top horizontal line, a debit column, and a credit column. It may also look exactly like the letter T. Otherwise, in modern time, T-accounts are no longer presented in the form of the letter T. They are now presented in columnar formats, as shown above.
40 points fast easy question. ………….
Answers
To pay down the principal on your student loan right away, you should: A. pay more than the minimum payment each month. B. begin payments more than six months after leaving college. C. make payments in monthly installments. D. pay less now and more later
Answers
There will be a need to pay more than the minimum payment each month in order to pay down the principal on the student loan right away.
What is a Loan Principal?The Loan Principal means the initial size of the student loan that is expected to be paid back with an interest.
Hence, there will be a need to pay more than the minimum payment each month in order to pay down the principal on the student loan right away.
Therefore, the Option A is correct.
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Give two examples of monopolies and explain the reason for each.
Answers
Microsoft: In the 1990s, Microsoft was accused of having a monopoly in the personal computer market, owing to its Windows operating system and Office suite of software. De Beers is monopoly example.
Give two monopoly examples and explain why each one exists.Microsoft's monopoly arose from its market dominance and ability to prevent other companies from competing effectively. Microsoft was accused of anti-competitive behaviour, such as bundling Internet Explorer with Windows, making it difficult for other companies to develop competing software. De Beers is a diamond company that once held a monopoly in the diamond industry. De Beers' monopoly was based on its control of the majority of the world's diamond supply. De Beers was able to dominate the market by setting high diamond prices and controlling supply. The monopoly of De Beers was broken in the 2000s when other diamond producers entered the market and new diamond sources were discovered.
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3. How do British Social Anthropologists place an emphasis on structural-functionalism or the function of social structures?
Answers
Answer: HELLO DO YOU REMEBER ME FRIEND?
Explanation:
Which of the following is not a systematic process of controlling?
Select one:
A.
Establishing standards and methods of measuring performance.
B.
Measuring both quantity and quality
C.
Measuring performance
D.
Determining whether performance matches the standards
Answers
Measuring both quantity and quality (option B) is not a systematic process of control.
What is controlling?Controlling is described as a process in management, and it is a vital management function. It is important to mention that in the lack of any control process, management will fail to work properly. The management will fail to formulate a plan and work and will be unable to according to the implemented plan.
Measuring just the quantity and the quality, the performance measurement is overlooked. It is the main objective of control is to work as per plan and the level of performance must be by the formulated plan. However, measuring only the quality and quantity will not lead to a systematic process of control.
It can be concluded that measuring both quantity and quality (option B) is not a systematic process of control.
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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Bob's brother , Steve, planned to visit over Labor Day weekend , on Saturday, Sunday, and Monday . Together they planned to build a deck in Bob's backyard . Bob ordered the lumber , concrete , nails, and other supplies to be delivered on Friday . He also arranged to rent a saw for the weekend (Saturday, Sunday and Monday) at a cost of $20 per day. When he went to pick up the saw, the store had already rented it. He drove all over town trying to borrow another saw, using up a $40 tank of gas, but could only get one for Sunday, Monday, and Tuesday, at a cost of $50 per day. Because they couldn't work on Saturday without a saw, Bob had to hire Mac at a cost of $80 to work for him on Tuesday, and, of course, Bob had to take off from work on Tuesday, losing $ 160.00 in wages. Calculate the damages to which Bob is entitled . How much is he entitled to (give a specific dollar amount)? Why? Explain your answer.
Answers
Answer:
Bob is entitled to $230 in damages.
To arrive at this answer, we can add up all the costs that Bob incurred due to the saw rental issue and hiring Mac.
First, Bob had arranged to rent a saw for three days at a cost of $20 per day, so the total cost was supposed to be $60. However, since the store had already rented it out, Bob had to drive around and spend $40 on gas, which brings the total cost up to $100. Then, he had to rent a saw for three days (Sunday, Monday, and Tuesday) at a cost of $50 per day, which comes to a total of $150.
In addition to the saw issue, Bob had to hire Mac to work for him on Tuesday, at a cost of $80. Bob also lost a day of wages when he took off from work on Tuesday, which was worth $160.
Therefore, the total damages that Bob is entitled to are $100 (for the wasted saw rental and gas) + $150 (for the new saw rental) + $80 (for hiring Mac) + $160 (for lost wages) = $490. However, since Steve was planning to help Bob build the deck, and Bob hired Mac to take his place, Steve should be responsible for half of the damages. So Bob is entitled to half of $490, which is $245.
In summary, Bob is entitled to $230 ($245 - $15 for the gas he would have used if the saw was available as planned) because he incurred additional costs due to the saw rental issue and had to hire someone else to help him build the deck.
Explain two advantages to TGH of segmenting the market for sport shoes
Answers
1. Targeted Marketing: By segmenting the market, TGH can identify specific groups of consumers with distinct needs, preferences, and behaviors related to sport shoes. This allows them to tailor their marketing efforts and product offerings to meet the specific demands of each segment. For example, they can develop different marketing messages, designs, or features for segments such as professional athletes, casual runners, or fashion-conscious individuals. This targeted approach enhances the effectiveness of marketing campaigns, leading to increased customer engagement, brand loyalty, and ultimately, higher sales.
2. Competitive Advantage: Segmenting the market can help TGH gain a competitive edge over rivals. By focusing on specific segments, TGH can better understand their unique requirements and deliver superior products and services compared to competitors who adopt a more generic approach. This can lead to enhanced customer satisfaction and loyalty within those segments. Additionally, TGH can identify niche or underserved segments within the sport shoe market and develop specialized products to cater to their needs. By catering to these niche segments, TGH can differentiate itself from competitors and establish a strong position in the market.
Overall, market segmentation allows TGH to optimize their marketing efforts, cater to diverse consumer needs, and gain a competitive advantage by focusing on specific market segments.
What is double-entry accounting?
Answers
Answer:
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Double-entry bookkeeping, in, is a system of where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as. The left-hand side is debit and the right-hand side is credit. Wikipedia
Inventor
You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates
Answers
The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.
A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.
This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.
This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.
Therefore, the correct answer is option-b.
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When you listen, you are the___________ of the message.
Answers
Answer:
reciever
Explanation:
when you listen you are the receiver and there after you should give the relevant feed back
Use the graph to answer the question that follows.
Which of the following explains the shape of curve 1?
A) Law of Demand
B) Law of Marginal Analysis
C) Law of Diminishing Marginal Utility
D) Law of Diminishing Marginal Returns
Answers
The shape of curve 1 can be explained by the D) Law of Diminishing Marginal Returns.
What is the Law of Diminishing Marginal Returns?The Law of Diminishing Marginal Returns states that as additional units of a variable input are added to a fixed input, at some point the marginal product of the variable input will start to decrease. This means that each additional unit of the variable input will contribute less to the total output than the previous unit.
Typically, the marginal cost curve starts out downward sloping due to economies of scale and then begins to slope upward due to the Law of Diminishing Marginal Returns.
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The earnings you receive as a saver or an investor reflect:
past interest rates
a risk premium based on length of the savings period
expected deflation
the extent of certainty about getting your money back
a positive credit rating
Answers
When we receive earnings as savers or as investors, these earnings are meant to reflect a risk premium based on length of the savings period.
What are earnings based on?The earnings that we receive are based on the risk that we incurred for investing our money in whatever venture we invested it into.
This means that the earnings of investors and savers are basically a premium on the risk that we incurred in the savings period.
In conclusion, earnings are a risk premium based on length of the savings period.
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In which scenario is an individual's behavior least likely to change?
a. The city of Saskatoon chooses to give its residents a penny for each soda can they recycle in an effort to promote environmental awareness.
b. In an effort to make people eat healthier, the city of Bakersville tells its residents to eat wheat bread instead of white bread.
c. A basketball team manages to sign a trio of famous basketball stars who then clamor for other players to come join their team to win a guaranteed championship.
d. The country of Ravamolk enacts a policy to fine companies 20% of their earnings if the safety standards in their factories do not reach acceptable work conditions.
Answers
In the other options, there are actual incentives/consequences for the thing they are trying to change. Without those, it’s more of a suggestion, and people are less likely to change without those incentives/consequences because it doesn’t directly affect them.
It’s like your mom saying “You should really do your homework.” versus “If you don’t do your homework, I’ll take your phone.” or “If you do your homework, you can have ice cream after dinner.” In this scenario, you are more likely to change with the incentives/consequences because it directly affects you.
An individual's behavior is least likely to change when merely informed of a healthier option, like in Scenario B, as there is no incentive or consequential action attached.
Explanation:In the given scenarios, an individual's behavior is least likely to change in Scenario B where the city of Bakersville tells its residents to eat wheat bread instead of white bread. This scenario only involves information provision with no rewarding or punitive actions attached to induce behavior change, as compared to the rest of the scenarios. Behavioral change usually occurs when there are incentives or penalties associated with the action. For instance, in Scenarios A & D, Saskatoon and Ravamolk are using a reward technique and penalties respectively, as a trigger for behavioral change. Scenario C is using the appeal of fame and success to encourage change. But talking about bread choice without any consequential actions does not guarantee a behavior change.
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"Sorry to put you through that test. We're more like a team of investors than operational partners even Seth and Jia, who started the restaurant 30 years ago. So we need to be sure you'll run the restaurant ethically. Everybody did love Julio, but he was a mess. We'd never hire him back. We'd like to hire you, but on a probationary basis for three months. What do you need to get started
Answers
Explanation:
Analyzing all the information related to the question above, a good strategy for an effective start would be to adopt good work practices such as organization and ethics, which were information provided by investors about what they expect from the new manager. That is why it is necessary to establish an effective and positive communication with employees and customers of the restaurant, be an ethical professional who meets the requirements and policies proposed by the company, etc.
A good strategy also to start in the internship regime and make a good impression for investors would be to talk with the establishment's prominent employees about the best practices to be adopted in the restaurant to be successful.
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Answers
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
Interviewing Techniques
Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a
people person, and her department is built on teamwork, when she interviews candidates for a
job, she tries to get to know the candidates as people. She always begins by saying, "Tell me
about yourself," and based on what the candidate says, she lets the conversation unfold for 30
to 60 minutes per session.
Questions
i) How does Lexie’s current interview technique limit her effectiveness as an interviewer?
[3 marks]
ii) Lexie also wishes to contact people or organizations as referees for job candidates to fill
strategic positions in the organizations. Discuss two to three limitations of referee reports
placed on management or organizations for job candidates. How do organizations cope
with this burden?
[4 marks]
iii) The human resource department at Lexie’s organization is preparing to formulate a drug
testing policy for all potential job applicants. Discuss why drug tests is a controversial
component of the personnel selection process?
[3 marks
Answers
Lexie's current interview technique limits her effectiveness as an interviewer as she uses the non-directive interview method, where there is no structure and questions are not specified, which can result in less reliability and validity.
Some limitations of reports from referees placed in management or organizations for job applicants are related to lack of knowledge of the organizational culture and biases that can compromise the recruitment and selection process.
Ideally, the recruitment and selection process for candidates who will fill strategic positions in organizations should be based on the selection carried out by the company's executives, who already have greater experience and vision to recruit the right candidate.
Drug testing is controversial in the personnel selection process because it negatively affects the candidate's experience, as well as being expensive and making the selection process more time-consuming.
Therefore, the ideal is that drug tests are carried out if this procedure is legal in the location where the company operates, and if it is a necessity of the work position.
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What is Universal Perspective
Answers
Answer:
1 of, relating to, or typical of the whole of mankind or of nature. 2 common to, involving, or proceeding from all in a particular group. 3 applicable to or affecting many individuals, conditions, or cases; general. 4 existing or prevailing everywhere.
In most businesses, what is the most costly factor of production?
Answers
Why is financial accounting regulated whereas management accounting is not?
Answers
Answer:
Managerial accounting differs from financial accounting because the intended purpose of managerial accounting is to assist users internal to the company in making well-informed business decisions.
Explanation:
Your welcome!
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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2018articles using appropriate keywords in your specialised area that interest you and wish to write your final dissertation. Review each paper carefully and make your necessary notes in your own words. Reviewing each article, you can consider reading the introduction section, literature review, methodology, and conclusion. After a successful review of each piece, complete the following task: Give your literature review a title. Cohesively organise your review literature according to these headings; A. Theoretical Review (at most three theories). B. Empirical Review (cohesively arrange the 30 papers), and C. Conceptual Framework. Arrange all your 30 pieces of literature in UMaT referencing style.
Answers
Answer:
C. Conceptual Framework. Arrange all your 30 pieces of literature in UMaT referencing style.
Explanation:
C. Conceptual Framework. Arrange all your 30