An economists generally conclude that the government has generated large net benefits by deregulating the industries that includes:
A. truckingB. airlinesD. railroadsWhat is an industries deregulation?Basically, a deregulation refers to the reduction or elimination of government power in a particular industry which is usually enacted to create more competition within the industry.
Over years, the struggle between the proponents of regulation and proponents of government nonintervention has shifted market conditions. So, the proponents of deregulation argues that overbearing legislation reduces investment opportunity and stymies economic growth, causing more harm than it help.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Other things the same, if the U.S. real exchange rate appreciates, U.S. net exports
a. increase and U.S. net capital outflow decreases.
b. decrease and U.S. net capital outflow increases.
c. and U.S. net capital outflow both increase.
d. and U.S. net capital outflow both decrease.
Other things the same, if the U.S. real exchange rate appreciates, U.S. net exports increase and U.S. net capital outflow decreases.
What occurs when the real exchange rate rises?An increase in the real exchange rate is a true appreciation. The same amount of local commodities can be exchanged for more international goods with genuine appreciation. When the real exchange rate is high, net exports fall but imports rise because a real depreciation is a reduction in the real e. On the other hand, when the actual exchange rate is low, net exports climb as exports do. The effects of changes in the real exchange rate are better illustrated by this connection.
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What are my goals tool about saving for
retirement
Saving for retirement on a budget Many experts advise allocating 15% of your yearly gross income to retirement savings.
What does allocation mean solely?When implementing a fulfilment plan, choose Allocation Only if you only want to allocate inventory—not yet pick, pack, and ship—and you want to allocate it. Select "Allocation Only" when filling orders if you wish to allocate inventory to one or more orders but aren't yet prepared to finish the pick, pack, and ship processes.
How does allocation rate work?The allocation rate, which determines how much of the money that is being paid into a fund—like a pension fund—can be invested, is the portion of the money that is still available after all fees have been deducted. The allocation rate would be 98%, for instance, if the charges were 2%.
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Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies, to
whom is the carrier liable?
O It is liable to Sarah's enterprise, her sole proprietorship.
O It is liable to the third party, the buyer.
O It is liable to Sarah, the principal
O Both the first and second answers only.
If a puppy dies, then the airline carrier is liable. The transportation provider is in charge of providing accommodations for the animals while on a trip.
The airline carrier is liable for the puppy's death. Since the airline carrier did not maintain the proper temperature in the cargo space, which they were supposed to do, they are the ones who are responsible for the death of the puppy.
Sarah, as the seller, is not liable as she fulfilled her responsibility by selling a healthy puppy. The buyer is also not liable for the puppy's death as they were not responsible for the transportation of the puppy. Therefore, the airline carrier is the party responsible for the puppy's death.
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Probably the full options are:
The airline carrier is liable.The buyer is liable.Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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anyone please i need a h.w for business and its about the chocolate m&m and i have to one of the factor of production which is labor
M & M is an American brand of button-shaped chocolates available in a variety of colors.
About M & M ?An American company called M & M produces button-shaped chocolates in a range of hues. The chocolate was originally only little buttons, but now it also comes in peanut-filled varieties. There were also new flavors of peanut butter, almond, crispy pretzel, dark chocolate, etc. Since its introduction in the US in 2003, M & M has been sold in about 100 different nations.
The design of the candy allowed for a hard, multicolored surface and firm chocolate inside. Different hues make up the hard coating, some of which have evolved over time. The design was created so that soldiers could transport it without worrying about melting it.
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Which of the following is not a valid FICO credit score?
A. 900
B. 600 C. 700
D. 800
Answer:
A. 900
Explanation:
FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.
Basically, your FICO depends most on the amounts you owe and your payment history.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.
Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.
In conclusion, a valid FICO credit score is between 300-850 i.e the maximum (highest) credit score is 850 and as such a credit score of 900 is invalid.
How many people work as box office managers?
Answer:
hmmm like in the world?
Explanation:
Answer: a valid amount of people
Explanation:
A company delivers packages by truck and would like to minimize the length of the route that each driver must travel in order to reach n delivery locations. The company is considering two different algorithms for determining delivery routes.
Algorithm I Generate all possible routes, compute their lengths, and then select the shortest possible route. This algorithm does not run in reasonable time.
Algorithm II Starting from an arbitrary delivery location, find the nearest visited delivery location. Continue creating the route by selecting the nearest unvisited location until all locations have been visited. This algorithm does not guarantee the shortest possible route and runs in time proportional to n2.
Which of the following best categorizes algorithm II?
A. Algorithm II attempts to use an algorithmic approach to solve an otherwise undecidable problem.
B. Algorithm II uses a heuristic approach to provide an approximate solution in reasonable time.
C. Algorithm II provides no improvement over Algorithm I because neither algorithm runs in reasonable time.
D. Algorithm II requires a much faster computer in order to provide an improvement over Algorithm I.
Answer:
Algorithm II uses a heuristic approach to provide an approximate solution in reasonable time.
Explanation:
Lisa is considering becoming a vet, so she has offered to help at the animal shelter without being
Paid.Lisa is doing what?
Answer:
volunteering
Explanation:
Hope this helps :)
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Next O Cover Letters and Résumés: Mastery Test
1
Select the correct answer.
Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. In what
section of her résumé should Josita include these programs?
OA honors
OB. activities
OC. skills
OD. experience
Reset
Submit Test
Next
If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
What is skills?Skills can be defined as the ability a person or an individual possess when it comes to performing or carrying out tasks. A person can tend to possess inbuilt Skills or acquired skills they known will be of important to them.
Based on the scenario the software programs was the skills that Josita acquired because she learned it, the software program should be included as part of the skills she possess in her resume as this will enables are employer to know the skills she possess.
Therefore If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
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promotion is communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence their opinion or elicit a response.
T/F
True. Promotion is a marketing communication strategy that aims to inform, persuade, and remind potential buyers about a product with the goal of influencing their opinions and eliciting a response.
Promotion is a crucial element of the marketing mix, along with product, price, and place (distribution). It encompasses various activities and communication techniques used by marketers to reach out to their target audience and create awareness and interest in a product or service.
The statement accurately describes promotion as a means of communication employed by marketers. Firstly, promotion aims to inform potential buyers about a product by providing information regarding its features, benefits, and availability. This helps consumers understand what the product offers and its value proposition.
Secondly, promotion seeks to persuade consumers by highlighting the unique selling points of the product and showcasing how it can fulfill their needs or desires better than competing alternatives. Marketers use persuasive techniques such as advertising, personal selling, and sales promotions to influence consumer opinions and attitudes towards the product.
Lastly, promotion serves as a reminder to potential buyers, ensuring that the product remains in their consideration set and prompting them to take action. Marketers utilize tactics like reminders through advertisements, email marketing, or targeted promotions to keep the product top of mind for consumers.
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A is a U.S.-based MNC with AAA credit: B is an Italian firm with AAA credit. Firm A wants to borrow €1,000,000 for one year and B wants €1.00, a swap bank makes the following quotes for 1-year swaps and AAA-rated firms against USD LIBOR. borrow $2,000,000 for one year. The spot exchange rate is $2.00 = USD Bid Ask 88 8.1% Euro Bid Ask 68 6.18 The firms external borrowing opportunities are A € borrowing $ borrowing € 79 $ 88 € 68 $ 98 B Is there a mutually beneficial swap? Multiple Choice Yes, Firm A swaps with the swap bank, $ at bid and € atask. Firm 8 swaps with the swap bank, $ at ask and € at bid. Firms A and B would each save 90bp and the swap bank would earn 20bp. O O There is no mutually beneficial swap at these prices, Yes, Firm A swaps with the swap bank, $ at ask and € at bid. Firm swaps with the swap bank, $ at bid and € at ask. Firms A and B would each save 90bp and the swap bank would earn 20bp. none of the options
There is no mutually beneficial swap at these prices.
In order to determine whether a mutually beneficial swap exists, we need to compare the borrowing rates of the two firms in their respective currencies. Firm A can borrow euros at a rate of 6.18%, while Firm B can borrow dollars at a rate of 8.1%.
For a swap to be mutually beneficial, one firm should be able to borrow at a lower rate in its domestic currency compared to the other firm's borrowing rate in its domestic currency. However, in this case, Firm A's borrowing rate in euros (6.18%) is higher than Firm B's borrowing rate in dollars (8.1%).
Therefore, based on the provided information, there is no mutually beneficial swap available at these prices.
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huihana receives 4 tickets to the local professional football game for achieving 20 years of employment with her employer. the tickets cost the employer $390 and have a market value of the same on the date awarded. huihana is in the highest tax bracket for single taxpayers. how much gross income will huihana recognize on the receipt of the tickets? a.$0 b.$200 c.$25 d.$390 e.$50 or $59.50 including the net investment income tax
The correct answer is (d) $390, which is the fair market value of the tickets and the amount of gross income that Huihana will recognize on the receipt of the tickets.
In this case, the value of the tickets is considered taxable income for Huihana. The gross income that she will recognize on the receipt of the tickets is equal to their fair market value, which is $390.
According to the IRS regulations, the value of tickets given as gifts or awards to employees is taxable income to the employee and should be reported as wages on the employee's Form W-2. The employer is required to withhold income taxes, Social Security taxes, and Medicare taxes on the value of the tickets.
Since Huihana is in the highest tax bracket for single taxpayers, she will owe federal income tax at a rate of 37% on the value of the tickets, which is $144.30. In addition, if Huihana's modified adjusted gross income (MAGI) is above a certain threshold, she may also owe the net investment income tax (NIIT) of 3.8% on the lesser of her net investment income or the amount by which her MAGI exceeds the threshold amount.
Assuming Huihana's MAGI is high enough to trigger the NIIT, her additional tax liability would be 3.8% of her net investment income. Since we don't have any information about Huihana's net investment income, we cannot calculate the exact amount of NIIT she will owe. However, we can say that the possible options of $50 or $59.50 including the NIIT are incorrect, as these values would imply a net investment income of $1,315.79 or $1,447.37, respectively, which is highly unlikely given the scenario described.
Therefore, the correct answer is (d) $390, which is the fair market value of the tickets and the amount of gross income that Huihana will recognize on the receipt of the tickets.
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a. if the average russian farmer produces 2,000 pounds of food per year, what is the opportunity cost, in pounds of food, of russia's army?
The opportunity cost in pounds of food for the North Korean army is 1.19 pounds
The total or overall food lost due to consumption by the army=\(\frac{1190000}{500}=2380 Pounds\\(2380-2000)=380 pounds\)
Calculate opportunity cost, the opportunity cost of food for the North Korean army= \(\frac{2380}{2000}=1.19Pounds\)
Consumption is the act of the usage of sources to satisfy modern wants and desires. it's miles seen in evaluation to making an investment, which is spending for the acquisition of future income. intake is a first-rate concept in economics and is likewise studied in many different social sciences.
Economists are specifically interested in the connection between intake and earnings, as modeled with the consumption feature. A comparable realist structural view may be observed in consumption theory, which perspectives the Fisherian intertemporal desire framework because of the real shape of the intake function. in contrast to the passive method of structure embodied in inductive structural realism, economists outline shape in terms of its invariance beneath intervention.
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Complete Question:
The Average North Korean farmer produces 2000 pounds of food per year. What is the opportunity cost in pounds of food for the North Korean army? The army is 1,190,000 One person needs 500 pounds of food a year to survive.
Karen Price has determined that her net worth is $24,000, excluding her home. She owes $90,000 on her mortgage and $12,000 on a car loan. What is Karen's debt-to-equity ratio
Based on the information given Karen's debt-to-equity ratio is 0.5.
Debt-to-equity ratioUsing this formula
Debt-to-equity ratio=Mortgage/Net worth
Where:
Mortgage=$12,000
Net worth=$24,000
Let plug in the formula
Debt-to-equity ratio=12000/24000
Debt-to-equity ratio=0.5
Inconclusion Karen's debt-to-equity ratio is 0.5.
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Use the formula in this example to determine the sample size, n. The estimated prevalence is 25%, and the desired confidence level is 95% with a margin of error of 9%. (This is the same as in the example, except the margin of error has been changed. Round your answer to the nearest integer.)
The sample size, n, required to estimate a population prevalence with a desired confidence level and margin of error can be calculated using the formula:
n = (Z^2 * p * (1-p)) / E^2
where Z is the Z-score corresponding to the desired confidence level, p is the estimated prevalence, and E is the margin of error.
In this example, the estimated prevalence is 25% (or 0.25), the desired confidence level is 95%, and the margin of error is 9% (or 0.09).
First, we need to find the Z-score corresponding to the desired confidence level. For a 95% confidence level, the Z-score is approximately 1.96 (based on a standard normal distribution).
Next, we substitute the values into the formula:
n = (1.96^2 * 0.25 * (1-0.25)) / 0.09^2
Simplifying the equation gives us:
n ≈ 96.44
Rounding the result to the nearest integer, the sample size required is approximately 96.
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An effective leader:
Question options:
a)
goes along with the traditional way of doing things.
b)
sticks to a mental model that sees everything from one's own personal perspective.
c)
does not apologize to his or her subordinates.
d)
does not follow his or her assumptions because they led to success in the past.
Option D, An effective leader does not follow his or her assumptions because they led to success in the past.
The given options are:
a) goes along with the traditional way of doing things.
b) sticks to a mental model that sees everything from one's own personal perspective.
c) does not apologize to his or her subordinates.
d) does not follow his or her assumptions because they led to success in the past.
Out of the given options, an effective leader does not follow his or her assumptions because they led to success in the past.
Leaders are essential to the success of every business and organization. A leader who wants to be successful, must not follow their assumptions just because they were successful in the past. Leaders must always be open-minded, stay up-to-date on new and relevant information, be flexible, and willing to change their assumptions if it will lead to better outcomes and results.In conclusion, option d is the correct answer as it describes an effective leader.
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Which of the following is determined as a direct result of computing the earliest starting and finishing times for the activities of a project network? expected project duration; The largest value in the EF column is the project's expected duration.
The expected project duration is determined as a direct result of computing the earliest starting and finishing times for the activities of a project network.
By calculating the earliest starting (ES) and finishing (EF) times for each activity in a project network, you can identify the total time required to complete the project. The largest value in the EF column represents the project's expected duration, as it indicates the latest end time among all activities.
The process of calculating the earliest starting and finishing times for a project network helps in identifying the project's critical path, which is the longest sequence of activities that need to be completed for the project to be finished on time. This information is crucial for project management, as it enables the manager to allocate resources efficiently, identify potential bottlenecks, and manage project risks effectively. Ultimately, this results in determining the project's expected duration, which is essential for planning and executing the project successfully.
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Tonya is considering leaving work early to go to a baseball game. A ticket costs $30, and it costs $5 to park at the stadium. Tonya will miss 3 hours of work, where she is paid $20 an hour. What is Tonya's total explicit cost of going to the game?
Answer:
$95
Explanation:
UwU
Should spreadsheets be used to maintain a checkbook?.
The above statement is correct because it maintains all the data collected and permits seeing the movement and growth of the data by automatically creating different types of charts to visualize the data.
What are spreadsheets?A spreadsheet is defined as an electronic record in which data is placed in the rows and columns of a facility and can be exploited and abused in arithmetic or calculations.
The above statement is correct that the spreadsheets be used to maintain a checkbook because it keeps the data organized and allows seeing the trends of the data by creating automatically the different types of the data.
Therefore, the above statement is true.
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Instead of exporting cars from the US, if Tesla decides to set up a plant in Australia to produce cars to be sold in the Australian market:
A) This increases exposure to exchange rate risk
B) This reduces exposure to exchange rate risk
C) Has no effect on its exposure to exchange rate risk
If Tesla decides to set up a plant in Australia to produce cars for the Australian market, it would reduce its exposure to exchange rate risk.
The reason for this is that by establishing a local production facility, Tesla would be able to manufacture and sell its cars in the same currency (Australian dollars) as the domestic market. This means that Tesla would not have to convert its revenues from Australian sales back into its home currency (such as the US dollar) to repatriate profits.
By reducing the need for currency conversion, Tesla would be less susceptible to fluctuations in the exchange rate between the Australian dollar and its home currency. Exchange rate fluctuations can impact a company's profitability when its revenues and costs are denominated in different currencies. By producing locally and selling in the same currency, Tesla can mitigate this risk and achieve more stable financial results in relation to exchange rate movements.
Therefore, the correct answer is B) This reduces exposure to exchange rate risk.
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Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $405,000; Allowance for Doubtful Accounts has a debit balance of $3,500; and sales for the year total $1,820,000. Bad debt expense is estimated at 1/4 of 1% of sales. 1. Determine the amount of the adjusting entry for uncollectible accounts.2. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense 3. Determine the net realizable value of accounts receivable.
The amount of the adjusting entry for uncollectible accounts can be calculated by multiplying the sales for the year by the estimated bad debt expense rate. In this case, the bad debt expense is estimated at 1/4 of 1% of sales.
Sales * Bad debt expenditure rate = Bad debt expense
Bad debt expense = $1,820,000 * (1/4) / 100
Bad debt expense = $4,550
Therefore, the amount of the adjusting entry for uncollectible accounts is $4,550.
We must consider the current balances as well as the adjusting entry to obtain the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expenses.
Accounts Receivable:
Adjusted balance = Beginning balance + Sales - Collections
Adjusted balance = $405,000 + $1,820,000 - Collections (unknown)
Allowance for Doubtful Accounts:
Adjusted balance = Beginning balance + Adjusting entry
Adjusted balance = $3,500 + $4,550
Adjusted balance = $8,050
Bad Debt Expense:
Adjusted balance = Adjusting entry
Adjusted balance = $4,550
The net realizable value of accounts receivable is calculated by deducting the Allowance for Doubtful Accounts from the Accounts Receivable.
Net realizable value = Accounts Receivable - Allowance for Doubtful Accounts
Net realizable value = $405,000 - $8,050
Net realizable value = $396,950
Therefore, the net realizable value of accounts receivable is $396,950.
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Elizabeth works for a local restaurant. At the end of her shift, she is required
to write in the time that she arrived and the time she is leaving so that she
can be paid appropriately. Today Elizabeth was 15 minutes late for work.
What would be the most ethical thing for Elizabeth to do?
The most ethical thing for Elizabeth to do is write down the actual time she arrived and the actual time she finished.
What is a Ethical values?A Ethical values are personal or business values that guide the way through which it is done while in compliance with laws and regulations.
Hence, in this case, the most ethical thing for Elizabeth to do is write down the actual time she arrived and the actual time she finished.
Therefore, the Option A is correct.
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the cash t-account of salmon inc has a beginning balance of $20,000. during the year, $30,000 was debited and $35,000 was credited to the account. what is the ending balance of cash?
$5000.Income statement, statement of stockholders' equity, balance sheet, statement of cash flows is the correct order in which the financial statements should be prepared.
The income statement is prepared first because its result, Net Income, is needed as part of the other financial statements. Liabilities, revenue, and owner's capital accounts normally have credit balances. Schedule 3 of companies act, 2013 general instructions for preparation of balance sheet and statement of profit and loss of a company. Financial statements for a company whose financial statements are required to comply with the companies rules, 2006.Financial statements are the collective name given to Income statement and positional statement of an enterprise which show the financial position of business concern in organized manner. The first step of organizing is determining the activities to be performed. The total work is divided into smaller units which is called a job which is assigned to the individuals on the basis of their qualifications and capabilities.
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Phoebe Duncan’s check register balance on November 30 was $984.09. Her November 30 bank statement showed a balance of$1,462.25. Checks outstanding were 207 for $298.12, 209 for$86.73, and 210 for $105.03. The bank service charge for November was$12.80 and the interest earned was $1.08. Reconcile Phoebe’s check register.
Checks that have not yet cleared the bank should be added back to the ending balance on the bank statement when generating a bank reconciliation.
How is the balance of past-due checks handled in the bank reconciliation statement?Any unpaid checks that haven't yet been cleared by the bank must continue to be listed on the unpaid checks section of the bank reconciliation. Any transit deposits that do not show up on the bank statement will still need to be reconciled, but the bank will need to be contacted for more information.
Do you add up or deduct past-due checks?These checks are known as outstanding checks, and they lead to an overstatement of the bank statement balance relative to the company's actual cash position. Due to the fact that unpaid checks have already been recorded as cash disbursements in the company's records, they must be deducted from the bank account.
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Describe each of the three categories that money is generally placed in. Include an example of each. (4 points)
Subject is (Economic)
Answer:
other have in business is 1 pesos 2 pesos if u want to have a price like 1 pesos in 1 piece
Working with and learning from a company outside of your industry that has a particular skill that is potentially critical to your operation is known as
Working with and learning from a company outside of your industry that has a particular skill that is potentially critical to your operation is known as "cross-industry collaboration" or "cross-sector collaboration."
It involves seeking insights, knowledge, and expertise from organizations in different industries to enhance your own business processes, strategies, or innovations.
This approach allows for the transfer of best practices, ideas, and lessons learned between industries, fostering innovation and growth. By leveraging the expertise of other companies, businesses can gain a competitive advantage and improve their own operations.
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What is an example of a comparative advantage of Mexico over the United States?
PLEASE HELP, NO LINKS
Answer:
For example, a trade where the U.S. exports 4,000 refrigerators to Mexico in exchange for 1,800 pairs of shoes would benefit both sides, in the sense that both countries would be able to consume more of both goods than in a world without trade.
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