consider the following statements and indicate if each of the statements is normally true or false for wach type of business
Answers
Indicate whether each statement below applies to a sole proprietorship, partnership, or corporation.
What is proprietorship?A sole proprietorship, also known as a sole tradership, individual entrepreneurship, or proprietorship, is a type of business where the owner's personal and professional concerns are not formally separated. It is owned and controlled by just one person. Solo entrepreneurs occasionally employ workers even though they may work alone.
All losses and obligations belong to the solitary proprietor, who also receives any profits (subject to business-specific taxes). Every asset owned by the company belongs to its owner, who is also in charge of paying off any obligations it accrues. It is a "single" proprietorship, not a partnership, which requires at least two owners.
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Related Questions
Identify a true statement about contingencies to an employment contract, such as satisfactory background and reference checks
Answers
Reference checks that are successful is the next thing that will probably be a condition of a job offer. Option A is Correct.
A contingent job offer enables businesses to hire an applicant without first doing a reference check to confirm their prior employment history and educational background. to find candidates before moving. In order to hire individuals who live too far away to commute, employers may make them a contingent employment offer.
This is a conditional employment offer, which means that it depends on if you successfully complete a few additional hiring process procedures, such as a background check, reference check, and negotiating or accepting your wage plan. Option A is Correct.
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Correct Question:
Which of the following is likely to be a contingency related to a job offer?
A. satisfactory reference checks
B. job salary
C. job benefits
D. job vacation privileges
The monetary policy of jaune is controlled by the country's central bank known as the bank of jaune. the local unit of currency is the jaunian dollar. aggregate banking statistics show that collectively the banks of jaune hold $220 million of required reserves, $55 million of excess reserves, have issued $5,500 million of deposits, and hold $440 million of jaunian treasury bonds. jaunians prefer to use only demand deposits and so all money is on deposit at the bank.
Answers
The value of the money supply after banks adjust to the change in the reserve requirement is $6,875 million (option b)
Required Reserves = 220million
Excess Reserves = 55 million
Deposits = 5,500 million
In hold = 440 millions
Tazians prefer to use only demand deposits
and the bank has all of the money on deposit. Thus, the amount of money in circulation is 0.
Reserve Requirement = Required Reserves/deposit
=220/5500
=4%
Currency deposit ratio = 0%
Excess reserves to deposit ratio
= Excess Reserves / Deposits
= 55 /5,500
= 1%
Monetary base = Currency in circulation + Required reserves + Excess reserves
= 0 +220 + 55 = 275 million
If the Bank of Tazi changes the reserve
need ratio to 3% while maintaining the same level of excess reserves
Therefore total reserves Required = 3% + 1%
= 4%
Money Multiplier = 1 divide by 0.04 = 25
Therefore Money Supply = Monetary Base * Money Multiplier = $275 * 25
= $6,875 million
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The complete question is given below
The Monetary Policy of Jaune is controlled by the country's central bank known as the Bank of Jaune. The local unit of currency is the Jaunian dollar. Aggregate banking statistics show that collectively the banks of Jaune hold $220 million of required reserves, $55 million of excess reserves, have issued $5,500 million of deposits, and hold $440 million of Jaunian Treasury bonds. Jaunians prefer to use only demand deposits and so all money is on deposit at the bank.
Refer to Scenario 29-1. Suppose that the Bank of Jaune changes the reserve requirement to 3 percent. Assuming that the banks still want to hold the same percentage of excess reserves what is the value of the money supply after banks adjust to the change in the reserve requirement?
a.
$7,175 million
b.
$6,875 million
c.
$7,875 million
d.
$1,375 million
A job qualification based on race, sex, religion, and so on, that an employer asserts is a necessary qualification for the job is:__________
Answers
A job qualification based on race, sex, religion, and so on, that an employer asserts is a necessary qualification for the job is called a bona fide occupational qualification (BFOQ).
A BFOQ is a legal term used in employment discrimination law that allows employers to establish certain job requirements based on protected characteristics when such requirements are considered reasonably necessary for the normal operation of the business. BFOQs are exceptions to the general principle of equal employment opportunity
To be considered a valid BFOQ, the qualification must be directly related to the job's essential functions and requirements, and there must be no reasonable alternative available. For example, in certain cases, a religious organization may require employees to be of a specific religious faith for positions involving religious duties or practices.
It's important to note that BFOQs are subject to legal scrutiny and should be applied cautiously to avoid any unlawful discrimination based on protected characteristics.
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Ceos & financial markets usually use the past year's return on equity as the main way to judge strategic performance. why can this be a problem?
Answers
The financial markets usually use the past year's return on equity as the main way to judge strategic performance because option b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period.
What is Return on Equity (ROE)?Return on Equity (ROE) is known to be that which is often used to measures the net profits gotten by a firm based on each dollar of equity investment that is also been contributed by shareholders.
Note that this is one that tends to be expressed in percentage form and thus, The financial markets usually use the past year's return on equity as the main way to judge strategic performance because option b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period.
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See options below
a. CEO decisions can dramatically improve ROE in the short run.
b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period
c. ROE is only relevant to shareholders, and is not meaningful to those who own a company's bonds
the table above gives the demand schedule for water bottled by wanda's healthy waters. if the marginal cost is a constant $4 a bottle, wanda's will produce ________ a day and charge ________ a bottle.
Answers
If the marginal cost is a constant $4 a bottle, Wanda's will/would produce 6 bottles a day and charge $10 a bottle.
In short-run a firm profit-maximizing condition is
MR=MC
Or
MR>MC
A quantity that corresponds to this condition will be chosen. The price will be established to match this quantity on the demand curve.
Price=$10
Number = 6 units.
Therefore, it may be claimed that Wanda's will manufacture 6 bottles per day and charge $10 per bottle if the marginal cost is a constant $4 each bottle.
Manufacturers often use the economic and managerial concept of marginal cost to determine their ideal level of production. Manufacturers often consider the cost of increasing production by one unit.
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In Exhibit 2-13, if the economy decides to locate at point E, then: Group of answer choices the economy could not survive because no food is being produced. the maximum number of consumption goods is being produced. the economy has not achieved maximum efficiency. the economy has not achieved full employment. this is the best choice for this economy.
Answers
If the economy decides to locate at point E, then the economy could not survive because no food is being produced.
What is the production possibility curve?The production possibility curve shows the various combination of two goods a company can produce when all its resources are fully utilised.
The production possibility curve is concave to the origin. As more quantities of a product is produced, the fewer resources it has available to produce another good.
Point outside the production possibility curve not attainable given the level of resources. Points inside the production possibilities curve means that the nations resources are not being fully utilised.
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HELP HELP HELP!!! Why would an investor choose to invest in speculative stocks when he or she could invest in blue-chip stocks instead?
Answers
Answer:
They offer potentially high returns to compensate for the high risk associated with them!
How is everyones day? Make sure you haven eaten or drank something!
Answers
Answer:
the day is good
Explanation:
im not dead i need a crown please
Answer:
I'm doing good
Explanation:
just chilling im doing good
Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answers
Answer and Explanation:
The Journal entry is presented below:-
1. Accounts receivable Dr, $200,000
To Sales revenue $200,000
(Being sales revenue is recorded)
2. Advertising expense Dr, $10,000
Sales revenue Dr, $12,000
To Cash $$22,000
(Being expenses is recorded)
Cash Dr, $200,000
To Accounts Receivable $200,000
(Being cash receipt is recorded)
In what three ways does the government affect production of goods and services in the US economy?
Answers
Does a budget deficit lower interest rates?
Answers
Yes, a budget deficit can lower interest rates. An overrun in spending over income results in a budget imbalance, which can be a sign of a nation's financial stability.
The phrase is frequently used to describe government expenditure rather than that of companies or people. Budget deficits have an impact on the overall amount a nation owes to creditors, the total of its annual budget deficits, and the national debt. Current expenses surpass the quantity of income received through routine operations when a budget deficit is detected. A government may raise revenue-generating activities or reduce certain expenditures in order to balance its country's budget deficit, also known as a fiscal deficit. A budget imbalance may result in increased borrowing, higher interest costs, and insufficient reinvestment, all of which reduce revenue for the following year.
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Internships are usually paid.
True or False
Answers
Answer:
Depending on you're position. Can not be paid
Explanation:
Although Many Employee's do pay their interns, and some of there companies recognize the value in training for somebody became an after they finished college.
Trade surpluses and trade deficits can be __________________ for an economy in certain circumstances.
Answers
Depending on the situation, trade deficits and surpluses can either help or hurt an economy.
What is the economy?An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources. One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.What makes the economy so crucial?Our daily lives are influenced by economic challenges. Concerns like tax and inflation, wealth and interest rates, inequality and developing markets, and energy and the environment are included in this.Learn more about economy here:
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Imagine you’re renting an apartment with a friend after high school. Your friend wants to get satellite TV but can’t because they have bad credit due to a history of late payments. They ask if you’ll sign up for it and assure you they’ll take care of the payments. How would you respond?
Answers
Answer:
This is a tricky situation. On one hand, it would be nice to have satellite TV, but on the other hand, I don't want to put myself in a bad situation by signing up for something I can't afford. If I agree to sign up, I could potentially be held liable for the monthly fee if my friend isn't able to pay.
I would advise my friend to look into alternative options for TV services, such as streaming services or basic cable. If they still want to pursue satellite TV, then I would suggest that they speak to customer service about any other payment options available for those with bad credit.
Explanation:
started business with cash Rs 100000 and furniture Rs 50000
Answers
Answer:
See below
Explanation:
Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.
The journal entry will be as below,
Cash A/c Dr. Rs 100,000
Furniture A/c Dr. Rs 50,000
Capital A/c Cr. Rs 150,000
What must companies do to be competitive in today’s market?.
Answers
Answer:
Offer high-quality products and outstanding service at competitive prices.
Explanation:
On Wednesday, your boss asks you if you'd be willing to work an
extra day on Saturday. You agree to come to work. On Friday,
your best friend invites you to go to the beach the next day.
Should you go to work or to the beach on Saturday? Why?
Answers
Answer:
Explanation:
I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.
miller corp. can make three individual deliveries to three different customers at a transportation cost of $600 each or can consolidate them into one shipment with a transportation cost of $1,200 and a stop-off charge of $100 per stop. should miller corp. consolidate the shipments?
Answers
Miller Corp. should consolidate the shipments because it can save a total of $300.
What is consolidated shipping?Consolidated shipping is described as the form of a shipment process in which the cargo to be shipped is combined and that cargo is then delivered to each of the buyers or customers. It is an effective process that reduces the cost of the shipment and reduces damage to the cargo.
Given that,
Transportation cost of each cargo = $600
Consolidated cargo costs = $1200
Stop-off charge per stop = $100
Non-consolidated cost = 3 x 600 = $1800
Total charges for cargo consolidation = 3x100 + 1200 = 300 + 1200 = $1500
Hence, the difference between non-consolidated and consolidated cargo = $1800 - $1500 = $300
It can be concluded that Miller Corp. should consolidate the shipments because it can save a total of $300.
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The mechanism that filters large amounts of information about many consumers previous purchases that may be realted in some way in order to predict consumer preferences is known as:________
Answers
Collaborative filtering is the mechanism that filters large amounts of information about many consumers previous purchases that may be realted in some way in order to predict consumer preferences.
Given that the mechanism filters large amounts of information about many consumers previous purchases that may be realted in some way in order to predict consumer preferences.
We are required to fill the blank with appropriate term which makes the sentence meaninful.
The term that can be used in the blank is collaborative filtering.
Collaborative filtering is basically a technique that can filter out items that a user might like on the basis of reactions by similar users.
Hence collaborative filtering is the mechanism that filters large amounts of information about many consumers previous purchases that may be realted in some way in order to predict consumer preferences.
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Not yet answered Marked out of 10.00 Flag question Discuss extensively the meaning of internal control. (a) Objectives of internal control (b) Features of good internal control
Answers
Internal control is a system of policies, procedures, and practices that organizations establish to safeguard assets, ensure financial reporting reliability, promote operational efficiency, and ensure compliance with laws and regulations.
Internal control refers to the system of policies, procedures, and practices established by an organization to safeguard its assets, ensure the accuracy and reliability of financial information, promote operational efficiency, and ensure compliance with laws and regulations.
It provides assurance that operations are conducted effectively and efficiently and that risks are managed appropriately.
(a) The objectives of internal control can be categorized into three main areas:
Safeguarding assets: Internal control aims to protect an organization's assets from theft, loss, or misuse. This involves implementing measures such as segregation of duties, physical security controls, and asset reconciliation.
Financial reporting reliability: Internal control ensures the accuracy and reliability of financial information by establishing processes for recording, summarizing, and reporting financial transactions. This objective is achieved through practices like periodic financial statement reviews, internal audits, and reconciliation of accounts.
Operational efficiency and effectiveness: Internal control helps organizations achieve their operational goals by promoting efficiency, effectiveness, and compliance with internal policies and external regulations.
This includes implementing controls to mitigate risks, monitoring performance, and ensuring adherence to established procedures.
(b) Good internal control exhibits several key features:
Segregation of duties: Key tasks and responsibilities are assigned to different individuals to prevent fraud and errors. This ensures that no single person has complete control over a process.
Clear policies and procedures: Well-defined and documented policies and procedures provide guidance to employees, ensuring consistency in operations and minimizing ambiguity.
Risk assessment: Regular evaluation of potential risks helps identify vulnerabilities and implement appropriate control measures to mitigate them.
Monitoring and oversight: Internal control systems include mechanisms for ongoing monitoring and periodic review to ensure compliance and identify areas of improvement.
Communication and training: Effective internal control requires clear communication of control objectives and procedures to employees, along with adequate training to ensure understanding and compliance.
Adaptability: Internal control systems should be flexible enough to adapt to changes in the organization's environment, such as technological advancements, regulatory updates, and organizational growth.
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what question does foundational research answer, as part of user experience research? 1 point did we succeed? how should we build it? was it easy to use? what should we build?
Answers
Foundational research answers the question "What should we build?" as part of user experience research.
What is user experience research?
User experience research is a broad term that refers to the research that is carried out to develop an understanding of the user's needs, behaviors, perceptions, and experiences regarding a specific product or service. UX research provides a deep understanding of user preferences, pain points, and frustrations, enabling product developers to create the best possible user experience.
It is an important tool for product development teams to ensure that they are developing a product that meets user needs and preferences.
What is foundational research?
Foundational research is the initial step in the UX design process, where researchers seek to understand the basic facts about the users, the industry, and the technology used in the product development. It answers the fundamental question, "What should we build?" by developing a comprehensive understanding of the problem space and identifying key user needs and behaviors.
Foundational research provides a broad understanding of the users and the context in which they operate, enabling designers to create a product that meets their needs.
Conclusion
Foundational research answers the question, "What should we build?" as part of user experience research. It is the initial step in the UX design process and provides a broad understanding of the users and the context in which they operate, enabling designers to create a product that meets their needs.
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6. Three months ago, the
price of a good was $4,
and the quantity supplied
was 200 units. Today,
the price is $6, and the
quantity supplied is 400
units. Did the quantity
supplied rise because the
price increased, or did
the price rise because
The quantity supplied increased
Answers
Answer:
The quantity supplied increased due to price rise. This is because of law of supply.
Explanation:
the quantity supplied rose because the price increased.
if the supplied quantity increased, with demand as it was, the price would fall.
Hey everyone, I just thought you all should know that...
you are AMAZING
you are BEAUTIFUL
you are SMART
you are KIND
you are NOT going to give up on your FIGHT
and you better stay ALIVE!!! <33
Answers
Answer:
thanks lol
you too-
Alexis chose armand plumbing for her remodel. she had noticed the better business bureau logo on the website, and it probably worked to limit her perceived ______.
Answers
Alexis chose Armand Plumbing for her remodel because she noticed the Better Business Bureau logo on their website, and it likely worked to limit her perceived risk.
An organization's reputation and its objective assessments of businesses can be represented by the BBB logo. By noticing the BBB logo, Armand Plumbing says that they have met some criteria for customer satisfaction.
The risk can be reduced for the consumers by displaying the logo and it alternatively gives a good impression of the products they produce. This made Alexis trust Armand Plumbing, making her more confident in choosing her decision for her remodel.
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why is freshness of ingredients important in salad preparation
Answers
The fresher the ingredients of the salad the better and more authentic the taste of the ingredients. This is because fresh ingredients provide the most flavour compared to ingredients contained with preservatives.
Fresh ingredients are also better for your health. Because there aren’t any preservatives and extra chemicals and oils, it fulfills the purpose of the salad.
Although fresh ingredients may not be cheap to buy, in the long run it will be better for you body because it won’t be filled with processed foods. Instead it will be filled with fresh ingredients that are beneficial to your health.
Providing jobs for local people helps keep the community employment rate stable and strengthens the local economy.
A)true
B)False
Answers
TRUEEEEE!!
Explanation: Narrowly defined, employability is a product consisting of a specific set of skills such as soft, hard, technical, and transferable. Additionally, employability is considered as both a product (a set of skills that "enables") and as a process that "empowers" an individual to acquire and improve marketable skills that can lead to gainful employment.
Answer:
A)true
Explanation:
Which of the following is a “DON’T” regarding scannable résumés?
a.
Print on white paper with black ink
b.
Use special characters like italics and underlining
c.
Add spaces before and after slashes
d.
Use a clean and neat overall format
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
B
Explanation:
took it on edge2020 :)
When it comes to scannable resumes, it is not recommended that you b. Use special characters like italics and underlining.
How should scannable resumes be designed?Because they are to be scannable, they are not to have complicated characters that might be unscannable such as special characters and underlining.
They should be printed on white paper using black ink only, and should have a format that is best described as being neat and clean.
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The following events apply to Lewis and Harper, a public accounting firm, for the Year 1 accounting period: Performed $70,000 of services for clients on account. Performed $40,000 of services for cash. Incurred $36,000 of other operating expenses on account. Paid $10,000 cash to an employee for salary. Collected $47,000 cash from accounts receivable. Paid $16,000 cash on accounts payable. Paid a $8,000 cash dividend to the stockholders. Accrued salaries were $2,000 at the end of Year 1. Required a. Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash, or leave blank to indicate the element is not affected by the event. The first event is shown as an example. b. What is the amount of total assets at the end of Year 1
Answers
Making use of the data provided in the question to showcase the effects of the events on the financial statements ( using horizontal statements model )
b) The amount of total assets at end of year 1 = $76,000
Attached below is the Excel sheet showing the effect of the events on the financial statements.
A) The effects of the financial statement using horizontal statements attached below
b) The amount of total assets = ∑ Cash + A/R
= [40,000 + (-10,000 ) + 47,000 + ( -16,000 ) + ( -8000 ) ] + [ 70,000 - 47,000 ]
= $76,000
Hence we can conclude that the total assets = $76,000 and the effects of the events is shown using the horizontal statement model.
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