The Comparative Financial Statements is what we look for to compare business' performances this year versus last year as it is the only set of financial statements that shows column for the current year and the prior year.
An accountant creates comparative financial statements of a company to make it simple for the users of the data to identify the changes in the firm's financial situations as well as the business' operational results.
Thus, this full set of financial statements that a business releases that are showing data for many reporting periods (current year versus prior year) comes with a package including income statement displaying figures over a number of time periods, balance sheet with the entity's financial situation as of multiple balance sheet dates, and finally, a cash flow statements to show firm's cash flows over a number of time periods.
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TRUE/FALSE. C corporations offer greater legal protection to owners than S corporations.
False. S corporations offer greater legal protection to owners than C corporations. When it comes to legal protection, S corporations actually provide greater benefits to their owners compared to C corporations.
Both C corporations and S corporations are separate legal entities, meaning they offer limited liability protection to their owners. This means that the owners' personal assets are generally protected from the liabilities and debts of the business. However, S corporations have an additional advantage in terms of legal protection.
S corporations enjoy what is known as "pass-through taxation," where the business's income or losses pass through to the individual shareholders' personal tax returns. This means that the profits or losses of the S corporation are not subject to double taxation, as is the case with C corporations. In a C corporation, profits are taxed at the corporate level, and then dividends distributed to shareholders are taxed again at the individual level. This double taxation can reduce the overall return for C corporation owners.
While both C corporations and S corporations offer limited liability protection, S corporations provide additional legal protection through pass-through taxation, resulting in potentially greater financial benefits for their owners.
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One challenge faced by organizations is the need to focus on consumer needs while also ________ the interests of countless other people, groups, and forces that interact to shape the nature of its actions.
One challenge faced by organizations is the need to focus on consumer needs while also striking a balance among the interests of countless other people, groups, and forces that interact to shape the nature of their actions.
What does it mean to strike a balance?It is to have equal importance, it is a condition in which different things occurring have an equal or proper amount of importance.
An organization striking a balance is trying to do everything possible to meet people's demands and also overcoming various challenges that may want to influence it.
Therefore, One challenge faced by organizations is the need to focus on consumer needs while also striking a balance among the interests of countless other people, groups, and forces that interact to shape the nature of their actions.
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During May, Aniston, Inc. purchased office supplies for cash. The supplies will be used in June. What effect does this purchase transaction have on the accounting equation?a. There is no effect on the accounting equation as one asset account increases while another asset account decreases.b. Assets increase and liabilities increase.c. Assets increase and stockholders' equity decreases.d. Assets decrease and liabilities decrease.
a. There is no effect on the accounting equation as one asset account increases while another asset account decreases.
When Aniston, Inc. purchases office supplies for cash, it involves an exchange of one asset (cash) for another asset (office supplies). The accounting equation, Assets = Liabilities + Stockholders' Equity, remains balanced because the increase in office supplies (an asset) is offset by a decrease in cash (another asset). Therefore, the transaction has no overall effect on the accounting equation. It's important to note that since the supplies will be used in June, the recognition of expenses associated with the supplies will occur in June, impacting the equation at that time. But for the month of May, the purchase itself does not alter the equation.
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The process through which an economy's production possibilities curve shifts outward is: Group of answer choices investment. full-employment management. resource renewal. out-resourcing.
Resource renewal is the process through which an economy's production possibilities curve shifts outward.
What is the production possibilities curve?It is a graph that shows the possibility of production of two commodities when resources are fixed. It occurs when the resource for manufacturing a product is limited.
When the curve is shifted outward or outside it indicates that there is a need for resources to be renewed.
Therefore, Resource renewal occurs when the economy's production possibilities curve shifts outward.
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The general manager of a clothing store recently gave a motivational PowerPoint presentation to his employees on the value of being courteous to each customer. The manager’s behavior is an example of
Answer:
Leading.
Explanation:
In this scenario, the general manager of a clothing store recently gave a motivational PowerPoint presentation to his employees on the value of being courteous to each customer. The manager’s behavior is an example of leading. When you're a leader, you are saddled with the responsibility of controlling, influence, administering, guiding and dealing with the affairs of the employees working within the organization.
Generally, leadership entails setting the vision, goals and direction for the organization, as well as motivate the employees (team) to do the right thing and acting responsibly.
Which of the following is an example of typosquatting? Group of answer choices A start-up investment company assumes the online identity of Arman & Company, a well-established investment company, in social networking platforms for the purposes of acquiring its brand equity. An environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant. A person registers a domain name, Tucson Multispecialty Clinic, which is the name of a popular multispecialty clinic hoping to resell it to the clinic at an exorbitant profit. A person registers the domain name "currentaffairs.net" to take advantage of the huge popularity of the e-newspaper currentaffairs.org to divert traffic to his webpage and make money by selling advertising space.
Answer:
An environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant.
Explanation:
An example of typosquatting is an environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant.
Pendant publishing recently reported $5,070,642 in sales, $3,528,000 in cost of goods sold, $719,988 in other operating expenses, and $18,900 in depreciation. It had an interest expense of $43,828 and its federal-plus-state income tax rate was 40%. What was pendant publishing s ebit?.
Based on the computation of EBIT by using reported sales of $5,070,642, $3,528,000 in cost of goods sold, $719,988 in other operating expenses, and $18,900 in depreciation, then, the Earnings Before Interest and Taxes equals to $803,754.
What is an Earnings Before Interest and Taxes?In accounting, an Earnings Before Interest and Taxes refers to a company's net income before income tax expense and interest expenses are deducted. The finance tool is mostly used to analyze the performance of a company's core operations without the costs of the capital structure and tax expenses impacting profit.
Also, an Earnings Before Interest and Taxes is also known as operating income because they both exclude interest expenses and taxes from their calculations.
Computation of the EBIT
EBIT = Sales - (COGS+ Expenses+Depreciation)
EBIT= $5,070,642 - ($3,528,000+$719,988+$18,900)
EBIT= $803,754.
In conclusion, the the Earnings Before Interest and Taxes equals to $803,754.
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Stay and Clean is a company that manages parking lots in several
urban locations. The general manager thinks she could make higher
profits if Stay and Clean also offered car wash and detailing for
the
Evaluate market demand, competition, operational requirements, financial viability, partnerships, regulations, marketing, staffing, and conduct a pilot program to assess feasibility of adding car wash and detailing services.
What steps should be taken to evaluate the feasibility of adding car wash and detailing services to Stay and Clean's offerings?parked vehicles. She wants to explore the feasibility of adding car wash and detailing services to the company's offerings. Here are some steps the general manager can take to evaluate the feasibility of this expansion:
Market Research: Conduct thorough market research to understand the demand for car wash and detailing services in the urban locations where Stay and Clean operates. Identify the target market, potential customer segments, and their preferences.Competitor Analysis: Analyze the existing competition in the car wash and detailing industry in those locations. Identify the key competitors, their services, pricing, and customer base. Evaluate their strengths and weaknesses to understand the market landscape.Customer Survey: Conduct surveys or interviews with Stay and Clean's existing parking lot customers to gather feedback on their interest in car wash and detailing services. Understand their willingness to pay, frequency of usage, and any specific requirements they may have.Operational Considerations: Assess the operational requirements for adding car wash and detailing services. Determine if Stay and Clean's existing infrastructure, such as water supply, drainage, and space, can accommodate these additional services. Evaluate the equipment and personnel needed for the operations.Financial Analysis: Prepare a detailed financial analysis to understand the potential profitability of adding car wash and detailing services. Estimate the initial investment required, ongoing operational costs, pricing strategy, and revenue projections. Consider factors like customer acquisition costs, marketing expenses, and potential revenue streams.Partnerships and Outsourcing: Explore partnerships with established car wash and detailing service providers. Consider the possibility of outsourcing the services initially to minimize the need for significant investments in infrastructure and equipment.Regulatory Compliance: Research and understand any regulatory requirements, permits, licenses, or environmental regulations that need to be considered for operating car wash and detailing services. Ensure compliance with local laws and regulations.Marketing and Promotion: Develop a marketing and promotion strategy to create awareness about the new services. Determine how Stay and Clean can leverage its existing customer base and marketing channels to attract customers to the car wash and detailing services.Staffing and Training: Assess the need for additional staff and their training requirements for providing car wash and detailing services. Determine if the existing team can be trained or if new hires are necessary.10.Pilot Program: Consider conducting a pilot program or soft launch to test the feasibility and customer response before fully implementing car wash and detailing services across all locations. Evaluate the results, collect feedback, and make necessary adjustments.By following these steps, the general manager can evaluate the feasibility and potential profitability of adding car wash and detailing services to Stay and Clean's offerings. This comprehensive analysis will help make informed decisions about expanding the company's services.
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on the most basic level, if a firm’s wacc is 12%, what does this mean?
The Weighted Average Cost of Capital (WACC) is a measure of the cost of capital for a firm, which represents the weighted average of the cost of all the different sources of financing that the firm uses to finance its operations.
The WACC is calculated by adding up the cost of all the different sources of financing, such as debt and equity, and dividing the sum by the total amount of capital raised by the firm. If a firm's WACC is 12%, this means that the firm is paying an average cost of 12% for all the different sources of financing it uses to finance its operations. This cost includes the cost of debt, such as interest payments on loans, and the cost of equity, such as dividends paid to shareholders. The WACC is an important metric for firms, as it provides a measure of the cost of the capital they are using to finance their operations and helps them to make decisions about how to allocate their resources.
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Which situations best demonstrate likely tasks for Business Financial Management workers? Check all that apply.
Marcy helps a family create a budget that allows them to save up for buying a house.
Caleb researches possible cases of fraud and takes notes on what he finds out.
Selena processes customer transactions at a bank.
Jung creates a report with charts to show how a company's money is being spent.
Owen sells automobile insurance policies to people.
Alonzo advises companies about investment strategies.
Answer:
its
b, the caleb one
d, the jung one
d, the Alonzo one
Caleb investigates potential fraud situations and makes notes on his findings. In order to show how a company's money is being spent, Jung develops a report using charts. show potential tasks for those working in business financial management. Thus option (B, C) is correct.
What is management?In order to achieve desired goals and objectives, a person or group of people must be challenged and managed, according to the concept of management. Furthermore, the capacity to organize, supervise, and guide people is a component of management.
Managing telephone costs, employing new employees, purchasing facilities, creating project budgets, etc. are a few examples of financial management for a corporation or firm. financial administration
Therefore, Thus, option (C) is correct.
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Alton Inc. Is working at full production capacity producing 20,000 units of a unique product. Manufacturing costs per unit for the product are:
Direct materials = $9
Direct labor = $8
Manufacturing overhead = $10
--------------------------------------------------
Total manufacturing cost per unit $27
The unit manufacturing overhead cost is based on a $4 variable cost per unit and $120,000 fixed costs. The nonmanufacturing costs, all variable, are $8 per unit, and the sales price is $45 per unit.
Sports Headquarters Company (SHC) has asked Alton to produce 5,000 units of a modification of the new product. This modification would require the same manufacturing processes. SHC has offered to share the nonmanufacturing costs equally with Alton. Alton would sell the modified product to SHC for $35 per unit. Required Set up an Excel spreadsheet to answer the following questions.
1. Should Alton produce the special order for SHC? Why or why not?
2. Suppose that Alton Inc. Had been working at less than full capacity to produce 16,000 units of the product when SHC made the offer. What is the minimum price that Alton should accept for the modified product under these conditions? Explain.
3. Use Goal Seek to determine the minimum price that Alton should accept for the special sales order
Alton should be accept the special sales order if SHC offers a price of $30.50 or higher.
To calculate the relevant costs and compare them to the revenue generated by the special sales order.
To determine if Alton should produce the special order for SHC, we need to calculate the incremental cost of producing the additional 5,000 units.
Direct materials = $9 x 5,000 = $45,000
Direct labor = $8 x 5,000 = $40,000
Manufacturing overhead = ($4 + $120,000/20,000) x 5,000 = $65,000
Total incremental manufacturing cost = $150,000
Nonmanufacturing costs shared by SHC = $8 x 5,000 / 2 = $20,000
Total incremental cost = $170,000
Revenue generated = $35 x 5,000 = $175,000
Since the revenue generated by the special order exceeds the incremental cost, Alton should produce the special order for SHC.
If Alton had been working at less than full capacity to produce 16,000 units of the product when SHC made the offer, the minimum price that Alton should accept for the modified product is the variable cost per unit plus the nonmanufacturing cost per unit, which is $4 + $8 = $12. This is because Alton would not incur any additional fixed manufacturing overhead costs and could use the idle capacity to produce the special order.
To use Goal Seek in Excel to determine the minimum price that Alton should accept for the special sales order, we can set up the following calculation:
Incremental cost = Direct materials + Direct labor + Manufacturing overhead + Nonmanufacturing costs shared by SHC
Incremental cost = $9 x 5,000 + $8 x 5,000 + ($4 + $120,000/20,000) x 5,000 + $8 x 5,000 / 2
Incremental cost = $150,000
Revenue generated = Price per unit x Number of units
Revenue generated = Price per unit x 5,000
We want to find the minimum price per unit that would make the revenue generated equal to the incremental cost. To do this, we can use Goal Seek as follows:
Click on the Data tab in the Excel ribbon.
Click on What-If Analysis in the Data Tools group.
Click on Goal Seek.
Set the Set cell to the revenue generated cell.
Set the To value to the incremental cost.
Set the By changing cell to the price per unit cell.
Click OK.
Excel will then find the minimum price per unit that would make the revenue generated equal to the incremental cost, which in this case is $30.50. Therefore, Alton should accept the special sales order if SHC offers a price of $30.50 or higher.
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Present an overview of the digital marketing landscape and compare online and offline marketing concepts.
Answer:
I'm not sure sorry....
Explanation:
☹️
Digital marketing is the umbrella term for all advertising delivered through electronic devices. When people hear digital marketing, it’s true that most identify it with channels such as email, social media, website, and search engines; basically, anything connected to the Internet via your smartphone, tablet, laptop, or PC. However, digital marketing can occur both online and offline.
Waylon is back-to-school shopping with his mom at a large department store. He’s picked out the following items: 3 pair of pants for $87 total, 4 t-shirts for $48 total, 1 backpack for $35, 1 hoodie for $26, 1 pair of shoes for $37. When they get to the register, they see this sign:
Answer: uhhhh
Explanation:
Answer: Waylon's Purchase will cost $198.05, and section B depends.
Explanation: Section A is 85% of 233 since thats the total, making the answer to section A $198.05. The answer to section B depends because if he wants more school supplies, then yes, he would want to buy more things for better deals. But if he’s on a budget, then he wouldn't want to spend as much money since saving 20% on something over $300 is more than saving 15% on something over $200. THIS IS ONLY THE ANSWER IF YOU SEE A SIGN IN THE ASSIGNMENT THAT SAYS: Spend $100, save 10%, spend $200, save 15%, spend $300, save 20%, and spend $400, save 30%.
How a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship
The commitment to a decision would help the school leaver to focus on a particular goal of entrepreneurship.
What is entrepreneurship?
This is a term that is used to refer to a business owner who is an innovator who is involved in taking risks for the sake of profit.
In order to focus on the goal of entrepreneurship the person must first try to get the niche that he or wants wants to get into.
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describe how the economies of each region are different. what are their economies based on?
Although southern territories were important agricultural exporters of cotton and tobacco, northern colonies relied mostly on trade.
How is an economy defined?An economy is a collection of interconnected processes of production and consumption that ultimately decide how resources are distributed within a community. The demands of persons who live there and transact there are met by the creation and consumption of services and goods as a whole.
What are some economic examples?The social science of economics concentrates on the study of resource scarcity. It examines factors that have an impact on how goods and services are produced, distributed, and used in an economy. It investigates how people, organizations, and government distribute limited resources.
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What is an appointment book used for?
Answer:
You can create an appointment book for customer service representatives to use when scheduling appointments with customers. An appointment book is a calendar view of the daily time slots in which an appointment for on-premise work can be done.
Which of the following is a variable expense?
Rent
Groceries
Car Insurance
Cable Bill
Answer:
car insurance
Explanation:
In the AFI strategy framework, strategy analysis primarily involves Group of answer choices evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage. organizing a firm in order to effectively put the formulated strategy into practice. designing a business, corporate, and global strategy to gain and sustain a competitive advantage. deciding the type of corporate governance that would be most effective in the implementation of a strategy.
Answer:
evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage.
Explanation:
AFI stands for the three stages of strategy in order to better the current position of business in market and gain the competitive advantage.
A = Analyse the current capabilities and weaknesses in internal resources and programmes.
F = Formulate a strategy to overcome the weaknesses and achieve the better opportunities by enhancing the effective use of capabilities.
I = Implement the strategy formulated in order to perform better in the market and gain the competitive advantage, in order to gain maximum profit from the business.
country club's direct labor cost is 60% of its direct materials. if manufacturing overhead is $30,000 and if direct materials are $27,000, the total manufacturing cost is: group of answer choices $57,000 $43,200 $70,500 $73,200
The total manufacturing cost is $73,200. The correct option is $73200.
To calculate the total manufacturing cost, we need to consider direct labor cost, direct materials cost, and manufacturing overhead.
Given:
Direct materials cost = $27,000
Manufacturing overhead = $30,000
Direct labor cost is 60% of direct materials cost.
First, let's calculate the direct labor cost:
Direct labor cost = 60% * $27,000 = $16,200
Next, let's calculate the total manufacturing cost by summing up the direct materials cost, direct labor cost, and manufacturing overhead:
Total manufacturing cost = Direct materials cost + Direct labor cost + Manufacturing overhead
Total manufacturing cost = $27,000 + $16,200 + $30,000
Total manufacturing cost = $73,200
The correct option is $73200.
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PLEASE
what is lean production? in details (GCSE) keywords.
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
Companies go through different phases to reach product/market fit. These phases are the
A: idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B: idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.
C: the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
D: idea stage, the traction stage, the monetization stage, and the growth stage.
These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage. Thus, option A is correct.
What is a Company?An organization that produces goods or services and markets them to consumers in order to make money is referred to as a company.
The connection between such a company's Unit Economies as well as Net Profitability can be used as an example of the developmental process of a company looking for Product Attributes. Whenever a company finds a solution to an issue that aligns with the demands of the existing markets and for which customers are prepared to pay for a good or commodity.
Therefore, option A is the correct option.
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Is it OK for global companies to merely follow the law or do they need higher standards?
Global companies have a responsibility to not only follow the law but to also uphold higher standards. While laws provide a baseline of acceptable behavior, they do not always encompass all ethical considerations. Companies should strive to act in the best interest of their stakeholders, including customers, employees, shareholders, and the environment.
Failing to uphold higher standards can have significant consequences for companies. For instance, reputational damage can harm a company's long-term success. Additionally, legal compliance does not necessarily equate to ethical behavior. For example, a company may be following the letter of the law while still engaging in exploitative labor practices. Therefore, it is essential for companies to establish clear ethical standards and act in accordance with them. This includes actively seeking to minimize their impact on the environment, treating employees fairly, and being transparent about their business practices.
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If you wanted to know what rate of return stocks have provided in the past, you could examine data on the Dow Jones Industrial Index, the S&P 500 Index, or the NASDAQ Index.
True
False
True. You could look up information on the Dow Jones Industrial Index, the S&P 500 Index, or the NASDAQ Index to see what rate of return stocks have historically offered.
These indices offer a picture of stock performance on significant stock exchanges and may be utilised as a benchmark to assess the performance of the whole stock market. You can get a feel of how stocks have done historically and what type of returns investors might anticipate in the future by looking at the performance of these indexes throughout time. Investors may use this information to make wise decisions about where to spend their money and how to deploy their resources. A hurdle rate can be thought of as the lowest rate of return that an investor or manager has requested.
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Businesses that have a central management that determines policies, advertising, and pricing for all stores
A franchise business's central management sets all stores' policies, promotions, and prices.
A franchisee (an independent business owner) is given permission by the franchisor (the parent company), in exchange for a fee or royalty, to use their brand name, goods, and services. Franchising is a common business model. The central management team of a franchisor is frequently responsible for setting policies, developing marketing strategies, and establishing price standards for the franchise system. This enables uniformity across all franchise sites and aids in preserving the reputation and uniqueness of the business. Franchisees continue to run their businesses as independent entrepreneurs while still receiving the support and direction of the franchisor.
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50 points and brainliest to first one who answers This chart shows a sequence of causes and effects in how banking can affect society. Complete the chart by selecting the correct word..
The completion of the chart that shows a sequence of the causes and effects of banking on society is as follows:
1st: The Federal Reserve reduces interest rates.
2nd: Banks will make more loans.
3rd: The money supply increases.
4th: People and businesses are more likely to spend and borrow money.
5th: The number of jobs will increase.
6th: People will buy more cars, homes, and fun stuff.
7th: Growth of the nation's economy speeds up.
8th: Inflation will increase.
What is the money supply?The money supply is the total amount of money (cash, coins, and balances in bank accounts) in circulation at any point in time.
The money supply often includes liquid assets and short-term investments.
Thus, the sequence of how banking affects society has been completed.
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Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs
The description explained depicts urban renewal.
Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.
Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.
In conclusion, the correct option is C "urban renewal".
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How does free trade benefit businesses? For example, how does it encourage
investment?
Answer:
Liberating exchange decreases imported-input costs, consequently diminishing businesses creation costs and advancing financial development. Deregulation improves proficiency and advancement. The outcomes are higher wages, interest in such things as foundation, and a more unique economy that keeps on making new openings and openings.
I immediately need help with this please help me someone please solve it for me it’s pretty urgent if u write unnecessary things I’ll report so pleasee
Hello there ☺️,
Please check the attached image of the answer.
By Benjemin ☺️
talib was starving as he got on the crowded bus with a greasy cheeseburger he had just purchased. as tempting as it was to eat his messy meal right then and there, he worried what the other passengers might think of him if he did so, and decided to wait until he got home. as illustrated here, talib is fully socialized because he has developed a concept of
Talib is fully socialized because he has developed a concept of the generalized other.
How and why do we utilize buy?Additionally, when a noun form is required, you should use "buy," as it is in: You made a wise purchase when your bought petrol before the price increased. Use "buy" for straightforward activities and "buying" for more organized exchange of money for products.
How do sales and purchases work?A person can get the ownership of certain items or properties in her name from another party through the procedure of purchase in exchange for payment of money. Similar to this, a sale is a procedure where ownership of some commodities or assets is transferred by one people (the seller) to that other person (the buyer) in exchange for a fee.
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Complete question:
Talib was starving as he got on the crowded bus with a greasy cheeseburger he had just purchased. As tempting as it was to eat his messy meal right then and there, he worried what the other passengers might think of him if he did so, and decided to wait until he got home. As illustrated here, Talib is fully socialized because he has developed a concept of
concerted cultivationthe generalized otherimitationsocializationHelp ASAP!!!! What is the most-possible answer?
Answer:
Community and junior colleges.
Explanation:
I don't know if im too correct but if i am, mark me brainliest?:)
Answer:
D - Collages
Explanation:
That is the only thing I know that gives degrees