Probably a facultative anaerobe was the organism that was put into the plates. An FTM tube develops E. coli all over it.
Where in an FTM culture tube would you anticipate obligate anaerobes to grow?Obligate anaerobes flourish in the oxygen-free area towards the broth tube's bottom. Where there is more oxygen, facultative anaerobes grow best, yet growth happens everywhere along the broth tube.
What does the microbiological term FTM mean?Fluid Thioglycollate Medium (FTM) plates are used for the development of anaerobes, aerobes, and microaerophiles as well as for the sterility testing of biologics. A reducing chemical called sodium thioglycollate stops the buildup of peroxides, which can be fatal to some microbes.
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On August 10, a credit card account had a balance of $325. A purchase of $56 was made on August 15, and $157 was charged on August 27. A payment of $79 was made on August 15. The interest on the average daily balance is 1.35% per month. Find the finance charge on the September 10 bill. (Round your answer to two decimal places.)
Answer:
The finance charge on the September 10 bill is $5.08.
Explanation:
Note: See the attached excel file for the calculation of the sum of total amount owed each day (in bold red color).
From the attached excel file, we have:
Sum of total amount owed each day = $11,675
Average daily balance = Sum of total amount owed each day / Number of days in the billing period = $11,675 / 31 = $376.61
Finance charge = Average daily balance * Interest rate per month = $376.61 * 1.35% = $5.08
Therefore, the finance charge on the September 10 bill is $5.08.
What is the interest expense on December 31?
The interest expense on December 31 of the first year is $5,250.
What is the interest expense on bonds?The interest expense for a bond that has the same coupon rate as the market rate is always the same for all periods of the bond.
This shows that the bond was issued at neither premium nor discount but at par.
Data and Calculations:N (# of periods) = 20
I/Y (Interest per year) = 7.5%
PMT (Periodic Payment) = $5,250 ($140,000 x 7.5% x 1/2)
FV (Future Value) = $140,000
Results:
PV = $140,000.00
Sum of all periodic payments = $105,000 ($5,250 x 20)
Total Interest = $105,000
SchedulePeriod PV PMT Interest FV
1 $140,000 $5,250 $5,250 $140,000
2 $140,000 $5,250 $5,250 $140,000
Thus, the interest expense on December 31 of the first year is $5,250.
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Santo Corporation declares and distributes a cash dividend that is a result of current earnings. How will the receipt of those dividends affect the net income of the investor under each of the following accounting methods?
Fair Value Method Equity Method
a. No Effect Decrease
b. Increase Decrease
c. No Effect No Effect
d. Increase No Effect
Answer:
d. Increase - No Effect
Explanation:
Under the fair value method, cash dividends are considered revenue. E.g. a $10,000 dividend will increase net income by $10,000 - taxes.
Under the equity method, cash dividends are not considered revenue (have no effect on income statement) and instead they decrease the assert account. Investment revenue takes place when the company reports net income for the year.
as Vincent gets older, he tends to look for high-paying jobs, watch for sales, and search for items and opportunities that invite happiness and fulfillment. What does Vincent's behavior demonstrate?
Vincent's behavior demonstrates rational self-interest.
What does Vincent's behavior demonstrate?Vincent's behavior of seeking high-paying jobs, looking for sales, and searching for opportunities that bring happiness and fulfillment aligns with the concept of rational self-interest. Rational self-interest refers to individuals making choices and pursuing actions that they believe will maximize their own well-being or self-interest.
In this case, Vincent is actively seeking opportunities that offer financial benefits (high-paying jobs, sales) and personal satisfaction (happiness and fulfillment). His actions are driven by the desire to improve his own economic and personal circumstances which is indicative of rational self-interest.
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a string of length 160cm is cut in to 2 pieces, in the ratio 3:5
find the length of each piece
How important are structure and culture compared to the other primary internal considerations for a strategic plan?
Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.
Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.
An effective structure enables employees to work together efficiently, leading to a higher level of productivity.
Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.
A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.
In conclusion, structure and culture are essential components of an organization's strategic plan.
By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.
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Outline the main principles for the consolidation of financial statements. Illustrate your discussion with the use of examples.
The main principles for the consolidation of financial statements are:
Combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries;Offset (eliminate): The carrying amount of the parent's investment in each subsidiary; and - The parent's portion of equity of each subsidiary;Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the group.What should we know about Consolidated Financial Statements?In general, financial statement consolidation necessitates a company integrating and combining all of its financial accounting functions in order to produce consolidated financial statements that show results in standard balance sheet, income statement, and cash flow statement reporting.
The decision to file consolidated financial statements with subsidiaries is usually made on a year-to-year basis and is frequently motivated by tax or other benefits. The criteria for filing a consolidated financial statement with subsidiaries are primarily based on the parent company's ownership of the subsidiary.
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What form of payment is directly tied to a customer's bank account?
O A. Gift certificate
OB. Debit card
OC. Credit card
OD. Cash
Answer:
1. processing a return
2. debit card
3. $22.68
4. cash drop
5. at a cash register
6. check
7. one $10 bills, five $5 bills, twelve $1 bulls, 8 quarters, 6 dimes, 6 nickels, and 10 pennies
8.cash float
9. one $5 bill, one $1 bill, and 4 dimes
10. the customer still owes $0.05
Explanation:
100% on apex
a. “South Africa’s mobile market: the bottlenecks blocking competition”. With particular reference to the South African economy, discuss the validity of the opinions highlighted in the case study.
Answer:
k
Explanation:
An appraiser finds that the subject property—a 10-unit apartment building—has historical vacancy and loss rates of nearly 40%. Comparable properties in the area have rates that are typically about 20%. The subject property suffers from poor management, but is otherwise in good physical condition. How should the appraiser set the vacancy and loss rate used in the appraisal?
The appraiser set the vacancy close to 20% to align with the market.
A task emptiness is described as a paid post this is newly created, unoccupied, or about to become vacant: for which the company is taking lively steps and is ready to take additional steps to find a suitable candidate from out of doors the business enterprise worried.
The definition of a vacancy in the nation as being empty or available refers to empty and unintelligent thoughts. Whilst a motel has room to be had that a guest can lease, this is an example of emptiness.
Employers commonly advertise sorts of vacancies: everlasting roles, and contract roles. The key difference is that human beings in everlasting roles are market personnel, whilst humans in agreement roles are normally self-hired.
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NPV and maximum return A firm can purchase new equipment for a $ 17,000 initial investment. The equipment generates an annual after-tax cash inflow of $ 4,000 for 7 years. a. Determine the net present value (NPV) of the asset, assuming that the firm has a cost of capital of 13%. Is the project acceptable? b. Determine the maximum required rate of return that the firm can have and still accept the asset. a. The net present value (NPV) of the new equipment is $ 690.44. (Round to the nearest cent.) Part 2 Based on its NPV, is the new equipment acceptable? (Select the best answer below.) Yes Your answer is correct. No Part 3 b. The maximum required rate of return the firm can have and still accept the new equipment is enter your response here%. (Round to two decimal places.)
The net present value (NPV) of the new equipment is $ 690.44. .
Based on the NPV, the project is acceptable.
The maximum required rate of return the firm can have is 14.29%.
What is the NPV?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable
Net present value = -17,000 + 4000 / 1.13 + 4000 / 1.13² + 4000 / 1.13³ + 4000 / 1.13^4 + 4000 / 1.13^5 + 4000 / 1.13^6 + 4000 / 1.13^7 = $690.44
The maximum required rate of return is the internal rate of return. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
IRR = 14.29%
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Do you dream of working in show business? Have you ever told your parents? If so, you have probably been told, “That is not a real career” or “You’d better pick something to fall back on.” What they usually mean is that the chances of going to Hollywood and becoming a big movie star are slim. In that way, they are right.
But making Broadway shows, producing Hollywood films, even creating online videos involve many more jobs than just the actors who play in them. So many different people in diverse career paths—from management, to accounting, to marketing—contribute their skills to create the finished products that entertain us! See, you can have a ‘real career’ and work in show business.
For instance, think about the jobs listed below. While those in positions like these get to work in and around show business, the functions they perform are based right in the clusters we considered today: Business Management, Finance, Marketing and Sales. See if you can search online to find what is involved with these three specific jobs. Can you find an example of someone who holds this position? What do they do? How might their job allow them to feel like a part of Hollywood?
Senior Vice President of Theatre Operations
Media Production Accountant
Social Media Director, Film Marketing Agency
Now that you have learned a bit about each of these jobs and what they involve, pop back over to the Bureau of Labor Statistics’ Occupational Outlook Handbook once again to do some more research on them. Find out what education is generally required to enter into each career and what the annual salary could be. Jot down some facts related to each career’s job outlook as well.
Note: You might have to use a broader search term, such as operations manager, accountant, or marketing manager, to find information on these careers.
After this initial research, your task is going to be to create a slideshow presentation to show parents who are worried about their children’s Hollywood dreams. You must provide them with information on solid career options that their children could pursue… careers that would ease parents’ minds and fulfill children’s goals.
Your slideshow must include the following:
Content
A description of each of the three careers that you researched, including what tasks the job requires and why the job is so important
A breakdown of the education requirements for each career, including subjects that might be beneficial in preparing for each career
The projected annual salary for someone in each career and the job outlook according to the Bureau of Labor
A summary of why you think this job is a good choice for someone who is interested in “show business”
Elements
Five slides, broken down in this way:
One slide for each career, containing the content from the first three bullet points above
One slide for the summary, containing the content from the last bullet point above
One slide for your bibliography
Three pictures, one for each of the three careers you are presenting
The careers that i have researched on Broadway shows are:
Stage Manager. Theatrical Makeup Artist. Choreographer.What tasks does a stage manager perform?They consist of:
Planning and leading rehearsals.Sharing with designers and craftspeople the director's wishes.Coordinating the stage crew's job.During the performance, there may be calling cues and actor entrances.supervising the entire performance every time it is given.In terms of Theatrical Makeup Artist role: Any makeup used by the performers must look well, and that is the responsibility of the makeup artist. In order to develop a look for each actor that will visually support the character, the makeup artist collaborates closely with the costume designer.
In terms of Choreographer role: Working together with the director and musical director, a choreographer creates and choreographs the dance or stylized movement for musical productions. A choreographer collaborates with dancers to develop and interpret concepts and turn them into the final performance.
The credentials are required to be a stage manager are:
A foundation degree, higher national diploma, or degree in stage management, or a course in a similar field like performing arts production, are all options.technical theater and a theater in practice.The credentials for Makeup Artists are:
Bachelor, Fashion & Beauty Makeup Artist; Bachelor of Arts in Make Up for Media and Performance.Hair design and makeup artistry.Artistry & Effects in Makeupcollegiate media makeupLastly, Despite the fact that a master's degree is frequently required to teach at the university level, many choreographers hold bachelor's degrees in dance. Beginning their careers as professional dancers, choreographers frequently take on jobs as assistant choreographers or in positions that are comparable.
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"An investor purchases $10,000 worth of marginable stock in his margin account. If the investor wishes to pay for this trade using $5,000 of fully paid marginable stock, how much more in cash, if any, will the investor need to deposit?"
Answer:
The investor will need to deposit additional $5,000 cash.
Explanation:
a) Data:
Marginable stock in margin account = $10,000
Payment with fully paid marginable stock = $5,000
Balance to be called in the margin account = $5,000 ($10,000 - $5,000)
b) Mrs. Christie opens an account with a brokerage firm by borrowing from the broker in order to purchase stocks or other financial products, and the broker's loan is secured on the collateral of the purchased investments and cash deposited into the account, then a margin account exists. A margin account attracts a periodic interest rate. Though, it gives Mrs. Christie the opportunity to purchase more securities than her funds would have initially allowed her, it has all the rewards and risks attached.
c) The stocks or securities which Mrs. Christie has thus purchased are said to be marginable stocks because they are paid for by a loan from the brokerage or other financial institution that lends the money for these trades.
Which is a disadvantage of accepting credit cards as a form of payment?
Customers rarely expect businesses to accept credit cards as payment.
Processing receipts at the end of each day can be time-consuming.
You need some kind of device to swipe the credit card for processing.
You put your employees at greater risk of theft by accepting credit cards.
Answer
B. Processing receipts at the end of each day can be time-consuming.
Explanation
Lets use logical.
Firstly, A, it doesn't make sense (Customers rarely expect businesses to accept credit cards as payment.), pure nonsense in 2022.
Next, B, this seems much more probable, but lets continue.
Now, C, this isn't entirely true, you don't need a device to swipe the card, payments can be charged in various other ways.
Finally, D, while I do see how someone could think this is a valid answer, you are NOT putting the in person employers at risk and even if you were, you have the customers information.
Category of cost not associated from the extension of credit and accounts receivable is
A: Capital costs
B: Delinquency costs
C: Direct costs
D: Default costs
Answer:
A.Capital costs
Explanation:
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what can goals be classified as
Answer:
Generally, goals are categorized as either long-term or short-term. Long-term goals consist of plans you make for your future, typically over a year down the road.
All of the following options are different factors that affect how much of an item you purchase EXCEPT...
A.How long it stays fresh
B.How often you eat that item
C.How many people are eating
D.How hungry you are while you are shopping
Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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Double declining balance
The double-declining balance method is an effective way to depreciate assets in the early years of their useful life and reduce the balance of the asset more quickly than the straight-line method. This helps companies to account for the asset's cost more accurately over time and to recognize its diminishing value as it ages.
Double-declining balance method is a method of depreciation that is an accelerated method.
The depreciation rate is twice as much as the straight-line method's depreciation rate.
This method begins with an asset's value at the beginning of its use and then decreases at a constant rate throughout its useful life until it reaches the asset's salvage value.
This depreciation method is most commonly used for assets that depreciate quickly at the beginning of their useful life and then slowly depreciate over time until they are scrapped or sold.
Assets such as computers, vehicles, and machinery are common examples of assets that use this method of depreciation.
Double-declining balance method can be calculated using the following formula:Annual depreciation = (2 / useful life in years) * book value at the beginning of the yearOrDepreciation rate = 2 / useful life in years.
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Which is not an effect of improved warehousing?
Limited employee turn over
Increased cargo turn over.
Reduced employee fatigue
Improved customer service level
Improved customer service level is not an effect of improved warehousing. Hence, option C is appropriate.
What is the meaning of Warehousing?The act of holding tangible inventory for eventual sale or distribution is known as warehousing. All various kinds of businesses utilize warehouses when they need to temporarily keep goods in large quantities before sending them either individually to customers or to other locations.
The act of holding items for subsequent sale or distribution is known as warehousing. Larger firms often own or rent space in a structure that is expressly constructed for storage, as opposed to smaller businesses that may store their items in a spare room, basement, or garage.
Hence, option C is correct.
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Clear Sound Audio uses a periodic inventory system. One of the stores most popular products is an MP8 car stereo system. The inventory quantities, purchases, and sales of this product for the most recent years are as follows:
Number of Units Cost Per Unit Total Cost
Inventory, Jan 1 12 $299 $3,588
First Purchase (May 12) 15 306 4,590
Second purchase (July 9) 21 308 6,468
Third purchase (Oct 4) 8 315 2,520
Fourth purchase (Dec 18) 17 320 5,440
Goods available for sale 73 $22,606
Units sold during the year 51 Inventory, Dec 31 22 (a). Using periodic costing procedures, computer cost of the December 31 inventory in the cost of goods sold for the MP8 systems during the year under each of the following cost flow assumption:
1. First-in, first-out
2. Last-in, first-out
3. Average cost
(b). Which of the three inventory pricing methods provide the most realistic balance sheet valuation of inventory in light of the current replacement cost of the MP8 units? Does this same method also produce the most realistic measure of income in light of the cost being incurred by Clear Sound Audio to replace the MP8 systems when they are sold? Explain.
1. The cost of goods sold for MP8 systems during the year would be $19,618, 2. The cost of goods sold for MP8 systems during the year would be $17,766 and 3. The cost of goods sold for MP8 systems during the year would be $18,882.
What is goods?Goods are tangible items that are either produced or used for the purpose of exchange or trade. Goods are used for many purposes, including to satisfy wants or needs, to make a profit, to provide services, or to fulfill a social responsibility. Goods can be divided into two main categories: consumer goods and capital goods.
1. First-in, first-out (FIFO): The cost of the December 31 inventory under the FIFO costing method would be $2,988
(12 units x $299 + 15 units x $306).
The cost of goods sold for MP8 systems during the year would be $19,618
(51 units x $299 + 15 units x $306 + 21 units x $308 + 8 units x $315).
2. Last-in, first-out (LIFO): The cost of the December 31 inventory under the LIFO costing method would be $4,840
(17 units x $320).
The cost of goods sold for MP8 systems during the year would be $17,766
(51 units x $299 + 15 units x $306 + 21 units x $308).
3. Average cost: The cost of the December 31 inventory under the average cost costing method would be $3,724
(22 units x $169).
The cost of goods sold for MP8 systems during the year would be $18,882
(51 units x $299 + 15 units x $306 + 21 units x $308 + 8 units x $315).
(b) The most realistic balance sheet valuation of inventory in light of the current replacement cost of the MP8 units would be the FIFO method. This is because this method more accurately reflects the cost of goods that have been sold, as the most recent purchases are the first to be sold. This method also produces the most realistic measure of income, as it takes into account the cost of replacing the MP8 systems when they are sold.
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an opportunity cost is a type of A.  benefit B. decision C.  trade off D. Resoult
Answer:
C. trade off
Explanation:
Opportunity Cost is a way of making decisions by weighing the trade offs (benefits and cons) of that decision.
The Quality Control Department employs five technicians during the day shift. Listed below is the number of times each technician instructed the production foreman to shut down the manufacturing process last week.
Technician Shutdowns
Taylor 2
Hurley 1
Gupta 3
Rousche 5
Huang 4
a. How many samples, without replacement, of size two are possible?
b. Compute the mean of the sample means and compare it to the population mean. (Round your answers to 1 decimal place.)
The mean of the sample means is _____
The population mean is _____
Both means are:
A. not equal
B. equal.
Answer:
Explanation:
From the information given:
The population size N = 5
The sample size n = 2
∴
without replacement; the number of possible samples;
\(^NC_n\)
= \(^5C_2\)
\(= \dfrac{5!}{2!(5-2)!}\)
\(= \dfrac{5!}{2!(3)!}\)
= 10
Thus, 10 different samples of 2 technicians each are possible.
DIfferent samples
S/No possible samples Mean
1 2 1 3/2 = 1.5
2 2 3 5/2 = 2.5
3 2 5 7/2 = 3.5
4 2 4 6/2 = 3
5 1 3 4/2 = 2
6 1 5 6/2 = 3
7 1 4 5/2 = 2.5
8 3 5 8/2 = 4
9 3 4 7/2 = 3.5
10 5 4 9/2 = 4.5
Total 30
Sample distribution for the sample mean \(= \dfrac {30} {10}\)
= 3
Population mean = \(\dfrac{2+1+3+5+4}{5}\)
\(=\dfrac{15 }{5}\)
= 3
Thus, it is obvious that both means are equal
when sam returned home from the grocery Store, he realized that he did not have his wallet. His wallet contains his credit card, debit Card, drivers license, and some cash what would you do in this situation? explain answer. ty
Answer: go back and find the wallet and if I can’t find it go to the police so they can track my card
Explanation:
According to Orthodox monetary theory, when the FED buys a bond from the banking sector this is an example of Group of answer choices an open market purchase and contractionary monetary policy an open market sale and expansionary monetary policy an open market sale and contractionary monetary policy none of the above an open market purchase and expansionary monetary policy
Answer:
yes
Explanation:
so if the dessel will remain price the other product will the same also. depends the category every yearly income tax that will rate for market purchace.
Secondary data is often gathered primary data
Answer:
Is often gathered BEFORE primary data
Explanation:
:)
Chloe’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.80 for 2,800 and $0.75 for 5,600. Required: If the total cost function for croissants is linear, what will be the average cost to bake 4,800?
What will be the average cost to bake 4,800 is $0.76
First step is to determine the total cost
Total cost at 2,800
=$0.80 ×2,800
=$2,240
Total cost at 5,600
=$0.75 × 5,600
=$4,200
Second step is to determine the Variable cost per unit
Variable cost per unit=$4,200-$2,240
Variable cost per unit=$1,960
Variable cost per unit=5,600-2,800
Variable cost per unit=2,800
Variable cost per unit=$1,960/2,800
Variable cost per unit=$0.70
Now let determine the average cost
Average cost=$0.70×4,800+[($0.80×2800)-(2,800 ×$0.70)]
Average cost=$3,360+($2,240-$1,960)
Average cost=$3,360+$280
Average cost=$3,640
Average cost =$3,640/4,800
Average cost=$0.76
Inconclusion What will be the average cost to bake 4,800 is $0.76
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Dawn, a grocery store manager, is packaging pasta salad for retail sale at the store. Which three of the following details should she include on the label? the ingredient list the storage guidelines the location of the distributor the date of product packaging the quantity of food
The three details which Dawn should include on the label for retail sale at the store include the following:
The ingredient list.The storage guidelines.The date of product packaging.What is a product label?A product label can be defined as a paper document that is designed and developed to provide specific information about the chemical elements, ingredient list, nutrients, storage guidelines, and other chemical compounds that are present in a product and its general use or function, including storage guidelines.
This ultimately implies that, a product label is a paper document which must be used by manufactures and store managers to specify the nutrients, ingredient list, chemical elements, storage guidelines, expiry date, and other compounds that were used to make a particular product.
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Help soon! Its Sunday and i have too much over due homework ;-;
Answer:
the first one at the left goes with the third one on the left.
the second on the left goes with the second one .
the third one goes with the first one
and the last one goes with the last one
The Department may choose to grant an exception to the examination requirement under certain circumstances. Which of the following situations would probably NOT be considered for an exemption?
Available options are:
A salesperson who has held a valid license within the last 3 years
A broker who surrendered his broker license and has been employed as a salesperson since the surrender
A broker associate who had a valid salesperson license five years ago
A broker associate who held a broker associate license two years ago
Answer:
A broker associate who had a valid salesperson license five years ago
Explanation:
The Department may choose to grant an exception to the examination requirement under certain circumstances except "a broker associate who had a valid salesperson license five years ago."
This is because in the United States, for the real estate brokers to renew a license they need to undergo an examination as part of the requirements. However, they may be granted an exception under specific situations such as
1. When they still hold a valid license within the last 3 years
2. When they hold broker associate valid license within the last two years
3. When they are now into salesperson employment.
Hence, considering the available options, the correct answer is "A broker associate who had a valid salesperson license five years ago."