Answer: A. Google Docs
Explanation:
Google Docs will be the best solution in this case because it is a cloud computing tool that enables people to work on a document simultaneously across the world. As others are working on the documents, the saves that they make are instantly saved on the document and reflected across all users who have access to the document at the time.
What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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8. Compare How is the law of increas-
ing costs similar to the concept of
decision making at the margin?
If we are using restricted resources as input for the creation of two commodities or services, A and B. When compared to the alternatives that are accessible, producing a second item requires more resources.
According to the law of growing opportunity cost, the opportunity cost of producing more units of a specific good will rise as an economy advances along its production possibilities curve in the direction of doing so.
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage. Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities.
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Pirates Incorporated had the following balances at the beginning of September.
PIRATES INCORPORATED
Trial Balance
Accounts Debits Credits
Cash $ 5,500
Accounts Receivable 1,500
Supplies 6,600
Land 10,200
Accounts Payable $ 6,500
Notes Payable 2,000
Common Stock 8,000
Retained Earnings 7,300
The following transactions occur in September:
September 1 Provide services to customers for cash, $3,700.
September 2 Purchase land with a long-term note for $5,400 from Crimson Company.
September 4 Receive an invoice for $400 from the local newspaper for an advertisement that appeared on September 2.
September 8 Provide services to customers on account for $5,000.
September 10 Purchase supplies on account for $1,000.
September 13 Pay $3,000 to Crimson Company for a long-term note.
September 18 Receive $4,000 from customers on account.
September 20 Pay $800 for September's rent.
September 30 Pay September's utility bill of $1,500.
September 30 Pay employees $3,000 for salaries for the month of September.
September 30 Pay a cash dividend of $1,000 to shareholders.
Required:
1. Record each transaction.
2. Post each transaction to the appropriate T-accounts.
3. Calculate the balance of each account at September 30.
4. Prepare a trial balance as of September30.
Answer:
Pirates Incorporated
1. General Journal:
Date Description Debits Credits
Sept. 1 Cash $3,700
Service Revenue $3,700
To record the cash received from customers for services.
Sept 2 Land $5,400
Long-term Note Payable (Crimson) $5,400
To record the purchase of land with a long-term note from Crimson Company.
Sept. 4 Advertising $400
Advertising Payable $400
To record advertising expense.
Sept. 8 Accounts Receivable $5,000
Service Revenue $5,000
To record services provided on account.
Sept. 10 Supplies $1,000
Accounts Payable $1,000
To record the purchase of supplies on account.
Sept. 13 Long-term Note Payable $3,000
Cash Account $3,000
To record the payment for a long-term note.
Sept. 18 Cash Account $4,000
Accounts Receivable $4,000
To record the receipt of cash from customers on account.
Sept. 20 Rent Expense $800
Cash Account $800
To record the payment for September's rent.
Sept. 30 Utility Expense $1,500
Cash Account $1,500
To record the payment for September's utility.
Sept 30 Salaries Expense $3,000
Cash Account $3,000
To record the payment for September's salaries.
Sept 30 Dividend $1,000
Cash Account $1,000
To record the payment of a cash dividend to shareholders.
2. T-accounts:
Date Description Debits Credits
Cash Account
Sept. 1 Balance b/d $ 5,500
Sept. 1 Service Revenue 3,700
Sept. 13 Long-term Notes Payable $3,000
Sept. 18 Accounts Receivable 4,000
Sept. 20 Rent $800
Sept. 30 Utility $1,500
Sept. 30 Salaries $3,000
Sept. 30 Dividends $1,000
Sept. 30 Balance c/d $3,900
Total $13,200 $13,200
Oct. 1 Balance b/d $3,900
Date Description Debits Credits
Service Revenue
Sept. 1 Cash 3,700
Sept. 8 Accounts Receivable 5,000
Sept. 30 $8,700
Date Description Debits Credits
Land
Sept. 1 Balance b/d $10,200
Sept. 2 Long-term Note Payable $5,400
Sept. 30 Balance c/d $15,600
Oct. 1 Balance b/d $15,600
Date Description Debits Credits
Long-term Note Payable
Sept. 1 Balance b/d $2,000
Sept. 2 Land $5,400
Sept. 13 Cash $3,000
Sept. 30 Balance c/d $4,400
Oct. 1 Balance b/d $4,400
Date Description Debits Credits
Advertising Expense
Sept. 4 Advertising Payable $400
Date Description Debits Credits
Advertising Payable
Sept. 4 Advertising Expense $400
Date Description Debits Credits
Accounts Receivable
Sept. 1 Balance b/d $1,500
Sept. 8 Service Revenue $5,000
Sept. 18 Cash $4,000
Sept. 30 Balance c/d 2,500
Oct. 1 Balance b/d $2,500
Date Description Debits Credits
Supplies
Sept. 1 Balance b/d $6,600
Sept. 8 Accounts Payable 1,000
Sept. 30 Balance c/d $7,600
Oct. 1 Balance b/d $7,600
Date Description Debits Credits
Accounts Payable
Sept. 1 Balance b/d $6,500
Sept. 8. Supplies $1,000
Sept. 30 Balance c/d $7,500
Oct. 1 Balance b/d $7,500
Date Description Debits Credits
Rent Expense
Sept. 20 Cash $800
Date Description Debits Credits
Utility Expense
Sept. 30 Cash $1,500
Date Description Debits Credits
Salaries Expense
Sept. 30 Cash $3,000
Date Description Debits Credits
Dividends
Sept. 30 Cash $1,000
Date Description Debits Credits
Common Stock
Sept. 1 Balance b/d $8,000
Date Description Debits Credits
Retained Earnings
Sept. 1 Balance b/d $7,300
3. PIRATES INCORPORATED
Trial Balance
Accounts Debits Credits
Cash $ 3,900
Service Revenue $8,700
Land 15,600
Long-term Note Payable 4,400
Advertising Expense 400
Advertising Payable 400
Accounts Receivable 2,500
Supplies 7,600
Accounts Payable 7,500
Rent Expense 800
Utilities Expense 1,500
Salaries Expense 3,000
Dividends 1,000
Common Stock 8,000
Retained Earnings 7,300
Total $36,300 $36,300
Explanation:
a) Data:
PIRATES INCORPORATED
Trial Balance
Accounts Debits Credits
Cash $ 5,500
Accounts Receivable 1,500
Supplies 6,600
Land 10,200
Accounts Payable $ 6,500
Notes Payable 2,000
Common Stock 8,000
Retained Earnings 7,300
Total $23,800 $23,800
60 points
Include the following:: The name of the career Some information you learned from research Education a person needs to get this type of job Skills a person needs to get this type of job How people in this job use technology
pls help i will give branlyist
Human job talent is being devoured by machines. And it's not only about low-skilled, repetitive work. Recent studies have shown that automation, robotics, algorithms, and artificial intelligence (AI) .
What is Artificial Intelligence (AI) ?Artificial Intelligence (AI) can perform tasks as well as or sometimes even better than people, including those performed by dermatologists, insurance claims adjusters, lawyers, seismic testers in oil fields, financial and sports journalists, crew members of guided-missile destroyers, hiring managers, psychologists, retail salespeople, and border patrol agents.
Additionally, there is growing concern that upcoming technological advancements will eliminate the jobs of millions of people who operate automobiles, analyze medical tests and data, carry out middle management duties, dispense medication, trade stocks and assess markets, engage in combat on battlefields, carry out governmental duties, and even replace those who program software.
Numerous studies have shown that as programmed devices, many of which are smart, autonomous systems, increasingly permeate the workplace, a huge number of employment are at risk.
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Your uncle is sole pro-
prietor of a camera shop. You know much more about digital cameras than he does. He is looking for a
partner. What questions would you ask him before you would consider going into business with him?
Answer:
Does he know managerial and literacy work such as account book keeping, purchase and sale record keeping etc.
Explanation:
Because I will do the sale and purchase of the camera and other technical work myself.
2. Think about a product that exists here in the US that you think you could market in your chosen country. What product did you choose?
3. Who is the current target market for that product in the US?
(FYI: I chose Australia as my country) PLS HELP THXS!
2. An example of a product you can chose is: a plant-based protein powder that is currently marketed in the United States.
3. Health-conscious individuals is the target market.
What is a Target Market?A target market is a group of consumers or businesses that a company has identified as having common needs or characteristics that make them more likely to be interested in and purchase the company's products or services.
A target market is an essential aspect of a company's marketing strategy because it helps the company to focus its resources and efforts on the most relevant audience for its products or services.
2. For the purposes of this example, let's say the product you chose is a plant-based protein powder that is currently marketed in the United States.
3. The current target market for this product in the US is health-conscious individuals, especially those who follow a vegan or vegetarian diet, and who are interested in supplementing their diet with additional protein. The product is also marketed to individuals who are interested in fitness and athletic performance, as protein powder is often used to support muscle growth and recovery.
In Australia, there is also a growing market for plant-based products and a focus on health and wellness, so this product could potentially be marketed to a similar target audience. In addition to vegans and vegetarians, the product could also be marketed to individuals who are looking to reduce their meat consumption and those who are interested in sustainable and ethical food choices. The product could also be marketed to fitness enthusiasts and athletes, as there is a growing trend towards using plant-based protein sources in sports nutrition.
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q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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a business is a step into the unknown, discuss critically it's risks and uncertainties.
Explanation:
Risks and uncertainties are inherent in every business. When starting a new venture, there must be studies and research involved to assess the viability of the business, the risks, the return on investment, the potential audience, etc.
Strategic planning is a necessary tool for any business, regardless of size or structure, through planning the company develops its identity, its strengths and weaknesses, defines the action plan to achieve its objectives and goals, etc., which helps the business to be more viable and structured to reduce risks and negative externalities.
Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $120,000. The asset is expected to have a salvage value of $15,500 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be:
Answer: 50400
Explanation:
- Straight-line rate= 100%/ 5 years= 20%
- Double declining Expense= 20% x 2= 40%
From Oct1 to Dec 31 is 9 months/ 12 months a year
- Depreciation Expense year 1= $120000x 0.4x 9/12= $36000
- Book value year 1= beginning year 2= $120000-$36000= $84000
- Book value year 2= $84000- ($84000x0.4)= $50400
The asset is valued at $60,000 at the end of year 2 December by using the asset depreciated on the double-declining-balance method.
What is Depreciation?Depreciation is allocated to charge a reasonable percentage of the depreciable value throughout each accounting period for the asset's anticipated useful life.
Given,
Purchase Value = $120,000 ( On October 1)
Expected Life = 5 Years
Salvage Value = $15,500
Required to calculate asset value at the End of Year 2 =?
Depreciation Rate = Book Value x 2 divided by Life of Asset
= $120,000 x 2/5 = $48,000
Depreciation Rate = 48,000 x 100/ 120,000 = 40%
Book Value of Year 1 = 120,000 - 120,000 x 40% x 3/12 = $108,000
Book Value for end Year 2 = $108,000 - 120,000 x 40% = $60,000.
Thus, the Book value of the asset at end of year 2 is $60,000.
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Moon Company sells Product Q at $6 a unit. In 20XO fixed costs are expected to be $200,000 and variable costs are estimated at $4 a unit. How many units of Product Q must Moon sell to generate operating income of $40,000
Answer:
Break-even point in units= 120,000
Explanation:
Giving the following information:
Selling price= $6
Unitary variable cost= $4
Fixed costs= $200,000
Desired profit= $40,000
To calculate the number of units to be sold, we need to use the following formula:
Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit
Break-even point in units= (200,000 + 40,000) / (6 - 4)
Break-even point in units= 120,000
The ledger of Columbia, Inc. on March 31, 2014, includes the following selected accounts before adjusting entries.
Debit Credit
Prepaid Insurance 2,240
Supplies 3,120
Equipment 36,000
Unearned Service Revenue 13,600
An analysis of the accounts shows the following.
1. Insurance expires at the rate of $280 per month.
2. Supplies on hand total $960.
3. The equipment depreciates $240 per month.
4. During March, services were performed for two-fifths of the unearned service revenue.
Prepare the adjusting entries for the month of March.
Answer:
Journal 1
Debit : Insurance expense $280
Credit : Prepaid Insurance $280
Being Insurance expense recognized
Journal 2
Debit : Supplies expense $2,160
Credit : Supplies $2,160
Being Supplies Expense Recognized
Journal 3
Debit : Depreciation expense $240
Credit : Accumulated depreciation $240
Being Depreciation expenses recognized
Journal 4
Debit : Unearned Service Revenue $5,440
Credit : Service Revenue Earned $5,440
Being Service Revenue Earned being recognized
Explanation:
Expenses are decreases in income that results as an increase in liabilities and decreases in assets. Note the Decreases in Assets and Increases in Liabilities that have occurred - they represent Expenses which need to be recognized.
Service revenue is recognized when the services are actually performed, thus Reverse the Unearned Service Revenue when services are performed.
Assume that you are a management consultant called in to analyse the turnover problem. You are told that pay and benefits are fixed and cannot be substantially altered. It is clear that whatever you recommend must not bring productivity down. What would you recommend to management?
Answer:
oh its ibo shack
Explanation:
sonar
3. effects of rent control rent controls require that landlords set apartment prices below the equilibrium price level. an immediate effect is an apartment rental shortage (excess demand for apartments), because at the regulated price the quantity of apartments demanded is greater than the quantity supplied. when landlords are prevented by cities from charging market rents, which of the following listed outcomes are common in the long run? check all that apply. efficient use of housing space results. nonprice methods of rationing emerge. landlords earn lower profits from renting housing units, but the rent charged has no effect on either the quantity or quality of rental units. the quality of rental housing units falls.
Option (b) and (d), When cities prohibit landlords from collecting market rents, these are frequent long-term effects.
Develop rationing tactics without prices.There aren't as many rental homes available.What does scarcity rent in economics mean?"Scarcity rent" is the term used to describe the usage fee assessed when the supply of homogeneous land is limited in relation to the demand. If all land is homogeneous yet there is an excess demand for land, all the land will create economic rent because it is scarce.
The long-term viability of economic rentEconomic rent is the extra sum paid for a production factor over and above its price to bring it into production. Due to the lack of available land, the supply is inelastic, which means that an increase in price of, say, 25% has no impact on the availability of goods and services. As a result, the possibility of making rent is long-term.
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10-10. Why does CrowdStrike’s appointment to the Forbes list of best places to work point to long-term success for the company?
CrowdStrike's appointment indicates long-term success because it suggests that the company has a positive workplace culture and values which can lead to higher employee retention rates and increased productivity.
How does CrowdStrike's inclusion contribute to long-term success?As CrowdStrike's is recognized as top employer by a prestigious publication, Forbes can enhance its reputation and brand image which can help attract top talent and retain current employees.
This inclusion also indicates that the company is dedicated to providing a positive work environment and investing in its employees' well-being. All this can result in higher job satisfaction, increased employee engagement and improved productivity which can all contribute to the company's long-term success.
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You have discovered that one of you closest friends at work has stolen a large sum of money from the company. Would you do nothing? Go directly to an executive to report the incident before talking about it with the offender? Confront the individual before taking action? Make contact with the individual with the goal of persuading that person to return the money?
Answer:I would recommend confronting the individual before taking any action. It is important to first discuss the issue with the offender to understand the situation and whether it was intentional and deliberate. If the offender is uncooperative or unwilling to return the money, then the next step would be to go directly to an executive to report the incident.
Explanation:
what are 2 different types of budgets and discuss how they complement each other?
There are two main types of budgets: operational budgets and financial budgets.
Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.
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A___ Relationship would include your co-workers and friends.
Answer:
A colleague Relationship would include your co-workers and friends.
What is the minimum requirement to enroll in an open college?
A. 17 on the ACT
B. 1000 on the SAT
C. There is no requirement.
D. 2.0 GPA
Answer is C.
Answer:
c. there is no requirement
The Boat Company has a capital structure of 30 percent riskless debt and 70 percent equity. The assumed tax rate is 23 percent. If the asset beta is .9, what is the equity beta?
Answer: 0.68
Explanation:
Using the measures given, the equity beta can be calculated as:
Equity beta = Asset beta * (1 + (1 - Tax rate) * (Debt/Equity)
= 0.9 * ( 1 + ( 1 - 23%) * (30% / 70%)
= 1.593 * 0.3/0.7
= 0.68
In a small town, there are two discount stores ABC and XYZ. They are the only stores that handle the festival goods. The total number of customers is equally divided between the two because the price and quality of goods sold are equal. Both stores have good reputations in the community, and they render equally good customer services Assume. that a gain of customer ABC byis a loss to XYZ and vice versa. Both stores plan to run annual pre-Christmasale during the first week of December. Sales are advertised through the local news paper,radio and television media.With the
aid of advertising thef payofforABC store is constructed and given. below
XYZ store
News paper Radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategiesbothfor stores and the value of the game.
An approach for analysing situations where parties, or players, make interdependent decisions is provided by the field of applied mathematics known as game theory.
What is the aid of advertising thef payoff?Each player's decision or plan must take into account the prospective actions or strategies of the other players because of their interconnection.
A game's solution outlines the optimal decisions taken by players, who may have similar, opposing, or mixed interests, as well as the potential outcomes. Parlor games have been studied using game theory, although its applications are much more varied.
In reality, American economist Oskar Morgenstern and American mathematician John von Neumann of Hungarian and German ancestry developed game theory to address economics-related problems. They were Princeton University classmates.
Therefore, Although newspaper is the best course of action for XYZ, television is the best course of action for ABC.
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Discuss why positive thinking is critical in starting the entrepreneurship journey
Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT
Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.
Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.
The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.
Sales tax, excise tax, and customs duty are all examples of indirect taxes.
Therefore, Option A is the correct answer.
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The insurance industry was put into the care and authorization of the individual states by the passing of the _____.
McCarran-Ferguson Act
Health Insurance Portability and Accountability Act
Affordable Care Act
Dodd-Frank Act
The insurance industry was put into the care and authorization of the individual states by the passing of the Health Insurance Portability and Accountability Act.
What is Health Insurance Portability and Accountability Act?The two principal goals of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) could best be summarized as: guaranteeing that employees could maintain continuous health insurance if they lost or changed employment, and preserving the privacy of individual health information.
Streamlining industry inefficiencies, reducing paperwork, making it simpler to detect and prosecute fraud and abuse, and allowing workers in all professions to change occupations even if they (or family members) have pre-existing medical issues are the purposes and objectives of this legislation.
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If there is a greater quantity supplied than the quantity demaded ( an excess supply of a good or service) you are most likely dealing with:_______.
A- price ceiling set below the equilibrium price
B- price floor set above equilibrium price
Write about why it is important for world leaders to make just decisions for their people and to treat neighboring countries with respect.
Answer: Approaches to authority and decision making are not the only ways in which cultures differ, but they are arguably the most important in the leadership context. ... (For a more general treatment of cultural differences, take a look at my May 2014 ... with companies in those countries, you might have noticed that a lot of people ...
Explanation:
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Which of the following lists only factors that would cause a decrease in the demand for a good?
A/ A decrease in popularity of a good; a rise in income (if the good is an inferior good); a fall in the price of a substitute good.
B/ An increase in congestion effects; a decrease in the number of consumers in the market; increase in popularity of a product.
C/ A decrease in the number of consumers in the market; a rise in the price of a substitute good; a fall in the price of a complementary good.
D/ An increase in network effects; a rise in income (if the good is a normal good); a rise in the price of a substitute good.
A product's decline in popularity; an increase in income (if the product is subpar); a decrease in the cost of a replacement good.
What causes a left shift in the demand curve?
An inferior good is one whose demand decreases as wealth increases and vice versa. In other words, the demand curve for a subpar good shifts to the left as income rises. When the quantity of a good or service required at each price level changes, the demand curve changes as well. The demand curve moves rightward as more is wanted at each price level. Conversely, if demand falls at each price level, the demand curve will move to the left.
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John expects to get a raise equal to the increase in the CPI. The CPI has gone from 160 to 164. If John’s salary last year was $50,000, what salary does he expect to earn this year?
If the CPI increases from 160 to 164 and John expects a raise equal to the rise in the CPI, John's salary this year should be $51,250.
What is the CPI?The CPI means the Consumer Price Index. It is an inflation measure that considers average consumer goods and services prices.
The CPI is used to measure inflation in the United States.
For instance, if John's salary last year was $50,000 and the CPI then was 160, now that the CPI has increased to 164, naturally, John's salary should not remain at $50,000. Otherwise, he would be earning less in real terms.
Instead, John's salary should increase to $51,250 to reflect the increase in consumer prices.
Detailed Calculations:CPI last year = 160
CpI this year = 164
John's salary the previous year was $50,000
John's salary this year should be $51,250 ($50,000 x 164/160)
Thus, with the increased CPI, John's salary should be $51,250 this year.
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when a discontinued operation is sold before the end of the reporting period, the income or loss from operations and the or on the disposal of assets is included in the reported income. (enter one word per blank.)
When a discontinued operation is sold before the end of the reporting period, the or from operations and the gain or loss on the disposal of assets is included in the reported income.
What is discontinued operation?
Discontinued operations, which are reported separately from continuing activities on the income statement, are divisions of a company's core business or product line that have been sold off or discontinued. Because it's crucial that investors easily distinguish between the profits and cash flows from ongoing operations and those that have ended, discontinued operations are presented separately on the income statement. This distinction is particularly helpful when two companies merge since it allows one to more clearly see which assets are being sold or folded, which helps one to predict how profitable the new entity will be.
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Issuance of Materials On May 7, Hatch Company purchased on account 890 units of raw materials at $23 per unit. During May, raw materials were requisitioned for production as follows: 338 units for Job 200 at $21 per unit and 400 units for Job 305 at $23 per unit.
Question Content Area Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank.
Debit Credit
Raw Materials is $20,570
Accounts Payable is $20,570
What is a Debit Card?Debit cards are tiny cards with embedded chips that banks give their customers so they can conduct cashless transactions outside of the banking hall.
A debit card is a plastic card that is used for making payments by deducting money directly from a checking account. It is like an electronic check and is accepted by most merchants and ATMs. The card can be used to pay for items in stores, online, and over the phone. To make a payment, the cardholder swipes or inserts the card into the reader, enters a PIN, and the amount is deducted from the checking account. The cardholder does not need to carry cash, and the money is deducted from the account immediately. Debit cards are a safe and convenient way to make payments, as they are linked to the account and make it difficult for the cardholder to spend more than they have.
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food and shelter are examples of a need.