Can continue to use the percentage tables. For the year of the adjustment and the remaining recovery period, one can also figure the depreciation themselves using the property's adjusted basis at the end of the year.
When an individual reduces the basis of their property due to a casualty, they can continue to use the percentage tables for depreciation. However, for the year of the adjustment and the remaining recovery period, they also have the option to calculate the depreciation themselves using the property's adjusted basis at the end of the year.
This option allows individuals to account for the reduced basis of the property after the casualty event, taking into consideration any repairs or improvements made. By using the adjusted basis, they can calculate the depreciation more accurately based on the updated value of the property.
It's important to note that individuals may need to consult tax regulations or seek professional advice to determine the appropriate method for calculating depreciation in their specific situation. Tax laws and regulations can vary, and it's crucial to ensure compliance with the applicable rules and guidelines.
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What are the two types of products that
are derived from the stages of
agriculture?
A. food and non-food
B. food and fiber
C. meats and vegetables
D. meats and grains
80% of a firm's costs are fixed in nature (rather than variable) and the firm finances its business primarily with debt (80% debt to invested capital). Both of these figures are much higher than the average firm in the S&P 500 Benchmark Index. Given the scenarios presented to you below, what is likely true about this firm's earnings, returns, profits (choose the answer where both items are true).
a. High volatility of earnings and higher stock returns during a recovery relative to firms in the S&P 500
b. This firm will have a very low volatility in their stock returns and will be more profitable relative its peers
c. Higher volatility of earnings relative to the S&P and therefore this company will likely underperform the S&P when the economy is strong.
d. The firm will have low volatility of earnings and higher relative returns compared to the S&P 500 during a contraction
Given that 80% of the firm's costs are fixed and it primarily finances its business with debt, it is likely that the firm will have a high volatility of earnings and higher stock returns during a recovery relative to firms in the S&P 500.
Additionally, the firm will likely have higher relative returns compared to the S&P 500 during a contraction, indicating low volatility of earnings.
The high proportion of fixed costs suggests that the firm's earnings will be more sensitive to changes in revenue. During a recovery, as revenues increase, the firm's earnings will likely experience higher volatility due to the fixed costs. This volatility can lead to higher stock returns compared to firms in the S&P 500, as investors may anticipate increased profitability.
Additionally, the firm's high debt-to-invested capital ratio suggests that a larger portion of its capital structure is composed of debt. During a contraction, when economic conditions worsen, the firm's low variable costs (due to high fixed costs) and debt financing can provide a cushion, leading to relatively stable earnings and potentially higher returns compared to the S&P 500.
Therefore, the correct answer is d: The firm will have low volatility of earnings and higher relative returns compared to the S&P 500 during a contraction.
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George is 30-years-old and wants to invest $500. He cannot afford to lose any of the $500, so he wants a very low-risk investment. He needs to collect the money at the end of three years, so his deadline is very strict. Which type of investment will BEST fit George’s requirements?
money market mutual fund
certificate of deposit
bond
401k
Answer:
The answer my dear friends would be B
Explanation:
My explanation: I got it right on plato, so it's right on edge and other streaming school's
According to the situation, the certificate of deposit type of investment will best fit George’s requirements.
In the United States, a certificate of deposit is a time deposit sold by banks, thrift organizations, and credit unions.
CDs vary from savings accounts in that they have a defined duration before money may be withdrawn without penalty and often have greater interest rates.
CDs, like other investments, have advantages and disadvantages. The disclosure statement should detail the CD's interest rate and indicate whether it is fixed or variable.
Therefore, the correct option is "certificate of deposit".
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27. Many organizations do not have a formal trouble reporting system. Why do you think this is the case?
Many organizations may not have a formal trouble reporting system for several reasons. One primary factor could be a lack of awareness regarding the benefits of such a system. Organizations might underestimate the importance of tracking and resolving issues in a systematic manner, which could lead to inefficiencies and dissatisfaction among employees and stakeholders.
Another reason could be the perceived complexity and cost associated with implementing a formal trouble reporting system. Organizations might assume that setting up such a system requires significant resources, both in terms of time and financial investment. This perception might discourage them from establishing a systematic approach to handling issues. Additionally, some organizations may rely on informal methods of reporting trouble, such as personal communication or ad hoc meetings, believing that these are sufficient for addressing problems. In reality, these methods may not be as effective as a formal system in terms of providing transparency, accountability, and traceability. Lastly, organizational culture and resistance to change could also play a role. Employees and management might be accustomed to existing processes and resistant to adopting new systems, especially if they believe that current methods are working well.
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which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? check all that apply. increasing taxes on income from savings providing tax breaks and patents for firms that pu
The policies consistent with the goal of increasing productivity and growth in developing countries are:
- providing tax breaks and patents for firms that innovate
Providing tax breaks and patents for firms that innovate encourages investment in research and development, which can lead to technological advancements and increased productivity. This policy promotes innovation-driven growth and incentivizes firms to invest in improving their processes, products, and services.
On the other hand, increasing taxes on income from savings can have a negative impact on productivity and growth. Higher taxes on savings reduce the incentive for individuals and businesses to save and invest, which can limit capital accumulation and hinder economic growth.
Therefore, out of the two options provided, only providing tax breaks and patents for firms that innovate is consistent with the goal of increasing productivity and growth in developing countries.
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You are composing an e-mail that asks a previous manager for a letter of recommendation. You want to supply specific information that will help him write an effective, informed letter. What information should you include in your e-mail? a A description of your ideal work environment
b A description of your expected salary range c A description of qualifications he should highlight
When requesting a letter of recommendation from a previous manager, it's important to provide them with specific information that will help them write an effective, informed letter. To do so, you should include a description of the qualifications and experiences you would like them to highlight in the letter.
This can include specific projects you worked on, accomplishments you achieved, and any skills or traits that you believe are particularly relevant to the position you're applying for. It's also helpful to provide them with information about the role you're applying for, as well as the company's values and mission, so that they can tailor their letter to the specific requirements of the position. It's not necessary to include information about your ideal work environment or salary range, as these are not relevant to a letter of recommendation. In your 100-word email asking a previous manager for a letter of recommendation, you should include the following information: a polite introduction, a reminder of your working relationship, and the purpose of the letter. Additionally, provide a description of the qualifications he should highlight to make the letter effective and informed. It's important to be specific about the skills and experiences that will be relevant to the position you're applying for. Avoid including information about your ideal work environment or expected salary range, as these are not relevant for a letter of recommendation.
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The opportunity cost of producing corn in New Zealand is approximately tons of millet, and the opportunity cost of producing corn in Brazil is approximately tons of millet.
Answer:
2 tons of millet for New Zealand and 3 tons of millet for Brazil.
Explanation:
New Zealand and brazil both can produce corns and millet. The opportunity cost for Brazil is more than the New Zealand. Both the countries should go towards the production of the crop in which they have comparative advantage. New Zealand has comparative advantage in producing millet and Brazil has comparative advantage in producing corn.
Sara owns a ring. she asks tomas, a jeweler, to add a diamond to it. adding the diamond will increase the value of the ring. this is a. accession. b. acquisition. c. conversion. d. validation.
Adding the diamond to the ring will increase the value of the ring, this is an accession. Hence, Option A is the correct statement.
What is accession in business?Accession refers back to the act of acquiring belongings or items of one party through another, and enhancing the really well worth of these items, or turning that belonging into something better.
Hence, Adding the diamond to the ring will increase the value of the ring, this is an accession. Option A is the correct statement.
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What is an example of a general safety hazard?
poorly maintained equipment
contaminated water
blizzard
employee retaliation
Answer:
poorly maintained equipment
Answer:
contaminated water
Explanation:
if the water doesnt get boiled it will make you sick, contaminated water can make you sick easily so its a safety hazard
Calculate the amount to be capitalized in the following scenarios Par A. On July 6, 2021. ABC Corporation acquired the plant assets of XYZ Company, which had discontinued operations. The appraised value of the acquired property was as follows: Land $ 400,000 Buildings 1.200.000 Building equipment 80.0.0.0.0 $2.400.000 Total ABC gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $168 per share on the date of the purchase of the property. Land Buildings Equipment Part B. ABC Corporation expended the following amounts in cash between the purchase date (07/06) and the date it first occupied the building (12/15) Repairs to building $105,000 Construction of bases for equipment to be installed later 135,000 Driveways and parking lots 122,000 Remodeling of office space in buildings, including new partitions and walls 161.000 Special assessment by city on land-enacted 10/22 18,000 Land Buildings Equipment Partc. On 12/20 ABC paid cash for equipment, $260.000, and took advantage of a 2% cash discount. Freight on the equipment was also paid in cash, $10,500. Equipment
The amounts to be capitalized in each scenario are as follows:
- Part A: $2,100,000
- Part B: $541,000
- Part C: $265,300
To calculate the amount to be capitalized in the given scenarios, let's break down each part separately:
Part A: Acquisition of Plant Assets
In this scenario, ABC Corporation acquired the plant assets of XYZ Company. The appraised values of the acquired property are as follows:
- Land: $400,000
- Buildings: $1,200,000
- Building equipment: $800,000
- Total: $2,400,000
ABC Corporation exchanged 12,500 shares of its $100 par value common stock for the acquired property. The market price of the stock on the date of purchase was $168 per share.
To calculate the amount to be capitalized, we need to determine the fair value of the shares given in exchange for the property. The fair value can be calculated by multiplying the number of shares (12,500) by the market price per share ($168):
Fair Value = 12,500 shares * $168 per share = $2,100,000
Now, we compare the fair value of the shares ($2,100,000) with the appraised value of the acquired property ($2,400,000). Since the fair value is less than the appraised value, we use the fair value as the amount to be capitalized.
Therefore, the amount to be capitalized for Part A is $2,100,000.
Part B: Expenditures on Plant Assets After Purchase
In this scenario, ABC Corporation expended the following amounts in cash between the purchase date (07/06) and the date it first occupied the building (12/15):
- Repairs to building: $105,000
- Construction of bases for equipment to be installed later: $135,000
- Driveways and parking lots: $122,000
- Remodeling of office space in buildings, including new partitions and walls: $161,000
- Special assessment by city on land-enacted 10/22: $18,000
To calculate the amount to be capitalized, we include the costs that improve the asset's future benefits or extend its useful life. In this case, the expenditures on repairs, construction of bases, driveways, remodeling, and special assessment are all considered capital expenditures.
Therefore, the amount to be capitalized for Part B is the sum of these expenditures:
Amount to be capitalized = $105,000 + $135,000 + $122,000 + $161,000 + $18,000 = $541,000
Part C: Purchase of Equipment
In this scenario, ABC Corporation paid cash for equipment on 12/20. The equipment cost $260,000, and a 2% cash discount was taken. Freight on the equipment was also paid in cash, amounting to $10,500.
To calculate the amount to be capitalized, we deduct the cash discount from the equipment cost and add the freight cost:
Amount to be capitalized = Equipment cost - Cash discount + Freight cost
Amount to be capitalized = $260,000 - (2% * $260,000) + $10,500
To find the cash discount amount, we multiply the equipment cost by the discount rate:
Cash discount = 2% * $260,000 = $5,200
Now we can calculate the amount to be capitalized:
Amount to be capitalized = $260,000 - $5,200 + $10,500 = $265,300
Therefore, the amount to be capitalized for Part C is $265,300.
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There is a growing movement in the United States led by the progressive wing of the Democratic Party to have the federal minimum wage raised to $15/hr. Some people agree with the $15/hr minimum wage for the United States, while others oppose raising the minimum wage. The arguments against raising the minimum wage range from the government should not dictate salaries to it will cause low wage workers to lose their jobs since businesses cannot afford a $15/hr minimum wage.
Do you agree with a $15/hr federal minimum wage? The current federal minimum wage in the United States is $7.25/hr. Fully explain your position on this issue in 2 - 3 paragraphs.
Source: Surviving an Unlivable Wage l Full Documentary (Financial Literacy)
In my opinion, minimum wage should be increased because an increase in minimum wage would reduce poverty, increase consumer spending, and promote economic growth.
Why Should Minimum Wage be Increased?Minimum wage has not kept pace with inflation, and that the current federal minimum wage of $7.25/hr is not a living wage in most parts of the United States. A $15/hr minimum wage would provide a more realistic living wage for many low-wage workers, but there is disagreement on whether this should be achieved through federal legislation or through individual state action.
Ultimately, whether or not to raise the minimum wage is a complex issue that involves balancing the needs of workers, businesses, and the overall economy. It is important for policymakers to carefully consider the potential impacts of any minimum wage increase and to find ways to support low-wage workers without unduly burdening businesses.
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helppppp due in 1 minute!!!!
A bush pilot was asked to fly the perimeter of a state park to look for black bears. The state park is a rectangular shape 20 miles wide and 32 miles long. What is the perimeter of the state park?
A 52 miles
B 104 miles
C 320 miles
D 640 miles
Answer:
It is B
Explanation:
20x2 + 32x2 = 104
Which is B
Hope this helped :)
Susan has three credit cards - 1) an Old Navy card she got her last year of high school and now doesn't use that much, 2) a Visa card she got while in college and pays an $50 annual fee for benefits she doesn't use that much, and 3) a Mastercard she opened last month which has no annual fees. Susan has decided that she only needs two credit cards, which one should she get rid of
Answer: Visa card
Explanation:
Since Susan has decided that she only needs two credit cards, then she should keep the old Navy card she got her last year of high school and the Mastercard that she opened last month which has no annual fee.
In this case, since she doesn't use the Visa card that she got while in college and th e card pays an $50 annual fee for benefits that she doesn't use that much, thus means that the card isn't beneficial to her. Therefore, she should get rid of the Visa card.
Two qualities that a good ___________ should have are to be persistent and not accept rejection.
A). product manager
B). founder
C). salesperson
D). account manager
A useful way of standardizing financial statements is to choose a ____ and then express each item relative to the _____.
The most useful way of standardizing financial statements is to choose a _base year,_ and then express each item in the period under review relative to the _amounts____ in the base year.
What are comparative financial statements?
Comparative financial statements compare a particular financial statement with previous statements. Previous financial statements are presented in side-by-side columns with the latest figures. With this, investors are able to track a company's progress over some periods and compare the company's financial results and performance with its industry competitors.
Thus, financial statements can be compared using financial ratios, which express the relationships between the various items within a financial statement, or using a base year.
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If a manager is called upon to hire a new vendor and negotiate the best services for the best price, which type of role is required?
Answer:
decision making role
Explanation:
Management roles vary depending on which type of manager we are talking about: upper, middle or lower management. Management roles include:
Leadership and Interpersonal RolesInformational RolesDecision Making Roles: are themselves divided into 4 categories (entrepreneur, disturbance handler, resource allocator, negotiator). In this case, the manager is allocating resources since labor is a resource.What is the highest level of message AWARENESS that can be reached with the UNIVERSITY STUDENT based on a selection(s) of POSITIONING messages
The highest level of message AWARENESS that can be reached with the UNIVERSITY STUDENT based on a selection(s) of POSITIONING messages is 50%.
What is positioning messages?Positioning messages can be defined as message that contain detailed and concise information about how a product are and how such product tend to meet customers expectations or needs.
Positioning messages as well help to described how a product are including the satisfaction or benefit a consumer can derive from the product.
Therefore based on a selection(s) of POSITIONING messages is 50%.
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Explain one reason why a business may use social media to promote
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
Your social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly
target 250,000 users with an estimated click rate of 1%. Which will get more clicks?
Answer:
Narrow targeting
Explanation:
1% of 250,000 is 2,500
10% of 50,000 is 5,000
A social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly target 250,000 users with an estimated click rate of 1%. The narrowly target is the best way.
What is social media?Social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. Social media mostly used in the youth. The social media are to share the information quickly.
The social media promotion is the part of the marketing. The narrowly target is the specific niche of consumers is the target market on the right time to the right audience. The broadly target to the cover the large level of the audience. The narrowly target is the best option in the social media promotion.
The calculation are:
1% of 250,000 is 2,50010% of 50,000 is 5,000As a result, the significance of the social media are the aforementioned.
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Tom is a very discerning individual who keeps track of his income and expenditures. He lives in a rented house but wants to own a house in the future. To do this, Tom prepares an elaborate plan and tries sticking to it very strictly. However, he is concerned about eventualities that might occur in the future and disturb his plan. Which practice can help him prepare for any problems with his plan?
A- Regularly review and revise his plan
B- Get his plan reviewed and recreated by a financial expert
C- Make several investments to increase his source of income
D- abstain from making expenses, excluding few necessary ones
If Tom is a very discerning individual who keeps track of his income and expenditures. The practice that can help him prepare for any problems with his plan is; A- Regularly review and revise his plan.
What is planning?Planning can be defined as the way in which a person tend to develop or create a goal that he/she intend to achieve and work towards achieving it.
Based on the given scenario by regularly reviewing and revising his plan can help him prepare for any problems with his plan based on that that reviewing his plan will help him to known what may have negative effect or positive effect on his plan.
Therefore the correct option is A.
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If you’re not careful, it can become costly to use P2P payments. Name at least 3 ways you could LOSE money using person-to-person apps
P2P payment is a medium of transferring funds to purchase cryptocurrencies.
Cryptocurrencies means an electronic form of currencies with huge volatility.
Three ways by which one can lose money on the platform:
If money are sent to the wrong bank account.Money sent to wrong address are irretrievable.Through the intelligence of scammersIn conclusion, in an attempt not to lose money, Crypto-currencies service providers introduced the P2P known as Peep-to-Peer.
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The CEO of Informatix Co., suggested to the board of directors that if the firm was going to adopt a transnational strategy, rather than having treasury operations situated in the headquarters, the company should relocate this operation to London in order to enhance access to financial markets. Consequently, the treasury operations would still be centralized, but situated in a different location. Flexible specialization, or excentralization, is an important attribute of firms that adopt a transnational strategy.
a. True
b.False
A) True;
With flexible specialization, transnational companies enjoy the complementary benefits of scale economies with the flexibility of accessing low input costs or scarce resources.
Transnational Strategy: What Is It?A company is considered transnational if it has additional operations and assets abroad in addition to its central operations, which are situated in one country. A brand's level of global integration and local response is determined by its transnational strategy.
This isn't the only way that businesses grow internationally; in fact, many opt for completely different strategies, like:
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What is the meaning of market testing?
A. conducting a SWOT analyses
B. performing a premarket test before venturing into full-scale production
С. creating a prototype
D. conducting market research
Answer:
The correct option is;
B. Performing a premarket test before venturing into full-scale production
Explanation:
Market testing is the process of appraising the different scenarios and arrangements that can be encountered and the selection of the most appropriate arrangement that is most favorable for expansion
Market testing involves trials made to answer the following questions;
The level of demand for the marketed product
The customers demanding the product, and customer opinion about the product, compared to those of the competitor
The expected level of sales
The best form of advertising
The legal requirements
The competitors in the market
Other market reactions to product launch
Answer:
B
Explanation:
Read this excerpt from a company’s conflict resolution policy:
The conflict resolution policy ensures that employees in a dispute can reach a peaceful resolution. This policy applies to all permanent employees of the company. Employees who are in a dispute must first have a face-to-face discussion with each other, under the supervision of the manager or department leader. If the manager is unable to resolve the dispute, a human resources representative will arrange a session with the involved parties. If the dispute is still unresolved, the company will create a review panel to evaluate the situation and determine what steps to take.
Which statement best summarizes the main idea of the policy?
A.
Employees who enter into disagreements with coworkers or managers can approach human resources representatives to arrange a face-to-face discussion or a review panel.
B.
If the employees of the company have a disagreement, they can ask their supervisors to arrange a session with a human resources representative.
C.
The company’s conflict resolution policy helps employees understand how the company will review their actions if they have a disagreement with coworkers or supervisors.
D.
The company’s conflict resolution policy helps employees resolve disagreements by offering face-to-face discussions, sessions supervised by a human resources representative, and review panels.
E.
The company’s conflict resolution policy discourages permanent employees from getting into conflicts in the workplace by establishing rules about the resolution process.
The statement that best summarizes the main idea of the policy is that C. The company’s conflict resolution policy helps employees understand how the company will review their actions if they have a disagreement with coworkers or supervisors.
How to explain the information?The conflict resolution policy makes sure that workers can settle a disagreement amicably. All of the company's full-time employees are covered by this policy. Employees in conflict must first speak to each other face-to-face while being supervised by the manager or department head.
A human resources agent will schedule a meeting with the parties involved if the manager is unable to settle the conflict. The business will set up a review panel to assess the matter and decide what to do if the dispute is still unresolved.
Therefore, the company’s conflict resolution policy helps employees understand how the company will review their actions if they have a disagreement with coworkers or supervisors.
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the three main decisions that must be addressed by an economic system do not include: multiple choice question. what goods and services to produce why output is produced for whom output is produced how output is produced
Option A is correct. A system of economics must decide what things are created, how they are produced, and who purchases those goods.
What are the 3 basic economic concepts?Scarcity, supply and demand, and opportunity cost are the three fundamental ideas. When demand and supply are balanced, we may say that the market is in equilibrium since the amount supplied and the amount demanded are equal.
What are the 3 main stages of an economic process?The majority of development economists agree that three main transitions — a change in the economy's structure, a change in the population, and a process of urbanisation — are linked to the key stages of development. Either command, market, or hybrid economic systems can be used to categorise them. We'll give a quick explanation of each of these three types.
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1. An average household, earned $29,300 in April, 2007. How much would thatincome be in Jan, 2013?
We need to take into account the effects of inflation on the value of money over time. Inflation refers to the general increase in prices of goods and services over time, which means that the same amount of money can buy less over time. Therefore, we need to adjust the $29,300 earned in April 2007 to account for inflation and calculate its equivalent value in January 2013.
To do this, we can use the Consumer Price Index (CPI) to measure changes in the cost of living over time. The CPI is a measure of the average change in prices paid by consumers for a basket of goods and services, such as food, housing, clothing, transportation, and healthcare. By comparing the CPI for April 2007 and January 2013, we can determine how much inflation has occurred over that time period. According to the Bureau of Labor Statistics, the CPI for all urban consumers in April 2007 was 207.342, while the CPI for January 2013 was 230.280. This means that the cost of living had increased by about 11.1% over that time period. Therefore, we need to adjust the $29,300 earned in April 2007 by multiplying it by the inflation rate:
$29,300 x (230.280/207.342) = $32,637.81
So, the equivalent income earned in January 2013 would be approximately $32,638. This means that the purchasing power of the $29,300 earned in April 2007 had decreased over time due to inflation, and it would take more money to buy the same goods and services in January 2013 than it did in April 2007.
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Which of the following is one of the primary responsibilities of the federal judicial branch?
Answer:
to judge if laws made by the legislative branch are constitutional
Explanation:
Answer:
to judge the constitutionality of laws
Explanation:
a purchase requisition is a common source document used to facilitate which business activity? group of answer choices customer sale receipt of goods inventory purchase purchase request
A purchase requisition is a common source document used to facilitate purchase request business activity
Purchase requisition:A document that an employee in your company creates to request the purchase of goods or services is known as a purchase requisition. You are not yet purchasing anything when you fill out a purchase requisition. By requesting internal permission, you are only kicking off the purchase process.
What is a requisition used for?The request for a particular action is initiated and recorded in a requisition for future reporting requirements. A purchase requisition, for instance, would be utilized by company employees who required additional supplies.
What is the process for requesting a purchase?The sequence of events that occur when a department needs to purchase something is called a purchase requisition process. Before the purchasing team can fulfill the request, a number of tasks need to be completed, including the creation of the request and the delivery of the products.
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A computer game that can be purchased online and played right away has good _____utility.
A. Form
B. Information
C. Value
D. Time
Jae wants to spend less than $50 on potato chips for a party. He see that large bags cost $3 each. What is an inequality that can be used to find the number of bags, b, that Jae can buy? Fill in the boxes to correctly complete the inequality.
Jae can buy a whole number of bags less than 16.67 to stay within his budget. Since the number of bags must be a whole number, Jae can buy a maximum of 16 bags (b < 16).
To find the number of bags, b, that Jae can buy for his party, we set up the inequality 3b < 50, where 3 represents the cost of each bag and b represents the number of bags.
To find the number of bags, b, that Jae can buy, we need to consider the cost constraint of spending less than $50 on potato chips for the party. Let's assume that the cost of each large bag of potato chips is $3. We can set up an inequality to represent this situation. Since Jae wants to spend less than $50, we can write:
3b < 50
In this inequality, 3 represents the cost of each bag, and b represents the number of bags that Jae can buy. Multiplying the cost per bag by the number of bags gives us the total cost, which must be less than $50.
To solve this inequality for b, we can divide both sides of the inequality by 3:
b < 50/3
This simplifies to:
b < 16.67
Jae can buy a whole number of bags less than 16.67 to stay within his budget. Since the number of bags must be a whole number, Jae can buy a maximum of 16 bags (b < 16).
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