False. Minimum purchase age laws for alcoholic beverages were not uncommon before prohibition. Many states had already implemented such laws, setting a minimum age for purchasing alcohol.
Contrary to the statement, minimum purchase age laws for alcoholic beverages were actually quite common before prohibition in the United States. These laws were already in place in many states, establishing a minimum age requirement for purchasing alcohol.
The specific minimum age varied from state to state, but the concept of age restrictions on alcohol consumption and purchase was already prevalent. The implementation of these laws was driven by concerns over alcohol abuse and its impact on society, even before the enactment of nationwide prohibition. Thus, it can be concluded that minimum purchase age laws were not uncommon, with more than half of the states having implemented them prior to prohibition.
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which of the following statements is most correct regarding a secured credit card?
Answer:
Backed by a cash deposit is most correct regarding a secured credit card
To synthesize means to form new information by combining parts or elements of other information. T
F
True, Synthesizing means forming new information by combining parts or elements of other information.
The process of composition or combination of parts or elements so as to form a whole simply means Synthesize. Synthesizing simply combine the concepts and facts of numerous sources to make a larger statement instead of describing the important points of each source individually.
The Analysis that is concerned with comparison, contrast, classification, and division is a type of Synthesis. At the basic level, Synthesizing is used for looking at similarities and differences between sources. Synthesizing can be difficult because it requires understanding all sources and also to identify their main points.
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With regard to corporations, which of the following statements is correct? Multiple Choice Sole proprietorships and corporations are now being treated as taxable entities if they generate more than $100,000 in revenue. Shareholders are losing interest and are becoming less active Corporations are considered legal persons under the law and may undertake activities like individuals, such as buying and selling property In comparison to corporations, sole proprietorships are becoming harder to create O Public attention is moving away from the formation of benefit corporations
The correct statement with regard to corporations is that they are considered legal persons under the law and may undertake activities like individuals, such as buying and selling property. Option c is correct.
This means that corporations have their own legal identity separate from their shareholders and can enter into contracts, sue or be sued, and engage in business transactions. Sole proprietorships and corporations are not being treated as taxable entities based on revenue generated, as taxation is determined by their legal structure.
Shareholders may lose interest and become less active in a corporation, but this is not a defining characteristic of corporations. While sole proprietorships may face more challenges in creating a business compared to corporations, this is not a universal trend. The attention towards the formation of benefit corporations is actually increasing, not decreasing.
Therefore, c is correct.
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which of the following factors is not included in ordering cost? purchasing department overhead costs inspecting incoming inventory bill paying obsolescence
The factor that is not typically included in ordering cost is (c) obsolescence.
Ordering cost refers to the expenses incurred in the process of placing and receiving an order for inventory or goods. It includes various costs associated with managing the procurement process, such as administrative costs, communication costs, and paperwork. The purpose of ordering cost is to ensure a smooth and efficient flow of goods into the organization.
Let's briefly discuss the other factors mentioned in relation to ordering cost:
Purchasing Department Overhead Costs: These costs are directly related to the activities performed by the purchasing department, such as salaries, benefits, office supplies, and technology infrastructure. These costs are often allocated to the individual orders placed by the purchasing department.
Inspecting Incoming Inventory: This cost involves the expenses associated with inspecting and verifying the quality, quantity, and condition of the inventory upon arrival. It includes labor costs, equipment costs, and any additional expenses related to testing or quality control measures.
Bill Paying: This cost refers to the administrative expenses associated with processing and paying invoices for the ordered inventory. It includes the time and resources required to review, approve, and process payments to suppliers or vendors.
However, obsolescence is not typically considered a part of ordering cost. Obsolescence cost is associated with inventory that becomes outdated, expired, or unsellable due to changes in technology, market demand, or product lifecycle. It is usually considered as a holding cost or a cost associated with inventory management and storage, rather than a direct cost of ordering.
In summary, while ordering cost includes factors such as purchasing department overhead costs, inspecting incoming inventory, and bill paying, obsolescence is not typically considered a component of ordering cost but rather a separate cost associated with holding and managing inventory.
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why is the auditor more concerned with controlling the exposure to the risk of incorrect acceptance than with the risk of incorrect rejection?
The auditor is more concerned with controlling the exposure to the risk of incorrect acceptance than with the risk of incorrect rejection because incorrect acceptance poses a greater threat to the accuracy and integrity of financial statements.
Incorrect acceptance means that the auditor has given a clean opinion on financial statements that contain material misstatements or errors, which can lead to inaccurate decision-making by investors or other stakeholders. On the other hand, incorrect rejection means that the auditor has identified material misstatements or errors in the financial statements but has not issued a clean opinion, which can result in additional review and potential adjustments but does not compromise the accuracy of the financial statements. Therefore, the auditor prioritizes controlling the risk of incorrect acceptance to ensure the reliability and credibility of the financial statements.
Hi! An auditor is more concerned with controlling the exposure to the risk of incorrect acceptance than with the risk of incorrect rejection because incorrect acceptance can lead to a material misstatement in the financial statements. This could result in users making decisions based on inaccurate information. Incorrect rejection, on the other hand, may require additional audit work but does not have the same level of impact on the users of financial statements. Therefore, auditors prioritize controlling incorrect acceptance risk to ensure the reliability and accuracy of financial information.
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The nominal, risk-free rate on T-bilis recently is 1.52%. If the real rate of interest is 1.14%, what is the exact and approximate expected level of inflation? The exact expected level of inflation, /, is %. (Round to three decimal places.) The approximate expected level of inflation, i, is % (Round to two decimal places.)
The given nominal, risk-free rate on T-bills is 1.52%. The real rate of interest is 1.14%. Now, the expected level of inflation can be calculated as follows: Real rate of interest = Nominal interest rate - Expected level of inflationi.e. 1.14% = 1.52% - expected level of inflation Thus, the expected level of inflation is given by:
Expected level of inflation = Nominal interest rate - Real rate of interest= 1.52% - 1.14%= 0.38%Therefore, the exact expected level of inflation is 0.38%.The approximate expected level of inflation is given by the Fisher's equation:i = R - piWhere, i = approximate expected level of inflation
R = Nominal, risk-free rate on T-billspi = Real rate of interest Putting the given values in the above equation, we get:i = 1.52% - 1.14%= 0.38%Thus, the approximate expected level of inflation is 0.38%.Hence, the exact expected level of inflation is 0.38%, while the approximate expected level of inflation is also 0.38%.
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percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
percent interest takes to double your money in 72 years.
What is money ?Money is a medium of exchange which is used to purchase goods and services. It is a form of currency which is accepted by governments, businesses, and consumers. Money can come in many forms, including coins, bills, checks, credit cards, and electronic transfers. Money is essential for conducting transactions.
Let P = principal amount, r = rate of interest, and t = time P(1 + r)^t = 2P
To solve for t, divide both sides by P and take the natural logarithm of both sides.
㏑(1 + r)∧t = ln(2)
t ln (1 + r) = ln(2)
t =㏑(2) / ㏑(1 + r)
Plugging in r = 0.07, t = ln(2) / ln(1 + 0.07) t = 14.17 years
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Midyear on july 31st, the chester corporation's balance sheet reported: total assets of $124.287 million total common stock of $3.810 million cash of $6.030 million retained earnings of $26.732 million. what were the chester corporation's total liabilitie
The total liabilities of the Chester corporations as on July 31st will be $99,775.
What are total liabilities?
The amount of payments which are yet to be made, but are accrued by the receiver. The total liabilities are the calculation of total assets less equities and capitals of such firm.
Using the given information in the formula below, we get,
\(\rm Total\ Liabilities\ = Total\ Assets\ -\ Total\ Equities\\\\\rm Total\ Liabilities\ = 130317\ -\ 30542\\\\\rm Total\ Liabilities\ =\$99,775\)
Thus, the total liabilities of Chester Corporation is computed as $99,775.
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Which of the following is NOT an example of monetary policy? a. The Federal Reserve reduces the reserve requirement. b. The Federal Open Market Committee decides to sell bonds. c. The Federal Open Market Committee decides to buy bonds. d. The Federal Reserve facilitates bank transactions by clearing checks.
Answer:
A
Explanation:
Monetary policy controls the process of drafting, announcing, and enforcing the plans taken by the central bank, currency board, or other competent monetary authority that controls the amount of money in an economy and the channels by which new money is supplied
The statement that cannot be considered an example of monetary policy is A:The Federal Reserve reduces the reserve requirement.
Monetary policy can be regarded as control of the quantity of money which is present in an economy as well as the channels that is needed for new money to be supplied. It involves the federal to Open Market Committee who bring decision in selling or buying of bonds.Therefore, option A is correct.
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Explain to the management of SSSMM the impact of the following socio-
economic issues on their business.
a.Inflation
b.Dumping
Answer:
inflation
Explanation:
this a process by which prices of a particular goods are high
Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and tax liability was $36,382. Calculate Kana's 2018 income tax liability and the minimum required 2018 annual payment necessary to avoid any penalty. Round your answers to two decimal places. Click here to access the income tax rate schedules. Kana's 2018 income tax liability: $ Kana's minimum required 2018 annual payment necessary to avoid any penalty: $
Answer:
A.$47,439.50
B.$40,020.20
Explanation:
A.Calculation for 2018 income tax liability
Since we are told Kana has a taxable income of the amount of $205,000 and she is as well a single wage earner which means that her income tax will be $45,689.50 including 35% tax rate reason been that her taxable income is above $200,000
Hence,
First step
Kana Taxable income of $205,000 - $200,000
= $5,000
Second step
$5,000 x 35%
= $1,750
Third step is to calculate Kana 2018 income tax liability
2018 Income tax liability=$1,750 + $45,689.50
2018 Income tax liability= $47,439.50
Therefore Kana's 2018 income tax liability will be $47,439.50
B. Calculation for Kana's minimum required 2018 annual payment to avoid penalty
Based on the information given we were told that her 2017 taxable income was the amount of $155,000 while her tax liability was the amount of $36,382 which means that since her Taxable income of the amount of $155,000 is higher than the maximum amount of $150,000 which means we have to multiply Kana tax liability of the amount of $36,382 by 110%
Hence,
Kana's minimum required 2018 annual payment=$36,382 x 110%
Kana's minimum required 2018 annual payment= $40,020.20
Therefore Kana's minimum required 2018 annual payment necessary to avoid any penalty will be $40,020.20
First United Bank has a reserve requirement of 0.18. If you deposit money into your bank account at First United Bank, which results in $700 increase in excess reserves, then what is the maximum possible increase in money supply? Round your answer to two decimal places.
The maximum possible increase in the money supply given the reserve requirement and the excess reserves is $4,742.55.
What is the maximum possible increase in the money supply?The first step is to determine the total amount deposited in the bank.
Amount deposited = excess reserve / (1 - required reserve)
$700 / (1 - 0.18)
$700 / 0.82 = $853.66
The maximum possible increase in the money supply = $853.66 / 0.18 = $4,742.55
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What is the overall purpose of customer insight teams? a. To develop customer insights from which the company can create more value for customers b. To identify underperforming products c. To monitor social media while other research teams mine big data d. To collect information from a narrow range of data sources
The overall purpose of customer insight teams is to develop customer insights from which the company can create more value for customers. The correct option is a.
Customer insight teams are responsible for gathering, analyzing, and interpreting data and information related to customer behavior, preferences, needs, and perceptions. Their primary goal is to gain a deep understanding of customers and translate that understanding into actionable insights that drive strategic decision-making and improve the overall customer experience.
By collecting and analyzing data from various sources, such as surveys, interviews, focus groups, market research, customer feedback, and other relevant data streams, customer insight teams uncover patterns, trends, and customer preferences. These insights help the company identify opportunities for product or service improvements, refine marketing strategies, enhance customer satisfaction, and ultimately create more value for customers.
While customer insight teams may work alongside other research teams and utilize data from diverse sources, their focus is on gaining a comprehensive understanding of customers rather than solely monitoring social media or collecting information from a narrow range of data sources.
Their aim is to go beyond surface-level data and delve deeper into customer motivations, expectations, and behaviors, providing valuable insights that can shape business strategies and drive customer-centric decision-making.
In summary, the primary purpose of customer insight teams is to develop customer insights that inform and guide the company's efforts to create more value for customers. They play a crucial role in understanding customer needs, preferences, and behaviors, and their insights contribute to improving products, services, and overall customer satisfaction. Therefore the correct answer is option a.
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Adapting to changing times is most important for which approach to leadership?
a) Autocratic leadership
b) Democratic leadership
c) Transformational leadership
d) Laissez-faire leadership
The approach to leadership which adapts to changing times the most important is the Transformational leadership. Option C is correct.
Transformational leadership is a style of leadership in which the leader inspires and motivates the followers to achieve their goals and objectives. The leader identifies the strengths and weaknesses of the followers and transforms them into an ideal employee. In this approach, the leader focuses on the personal growth of the employee and creates an atmosphere of trust and openness, where the employee can discuss the issues and problems. The leader is always ready to adapt to changing situations and is flexible in his approach.
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If you choose to work beyond the age of 67:
a) Your benefits will be permanently reduced
b) You will not gain anything, your maximum benefit is calculated at age 65
C) You will pay increased income tax
d) The government will add 8% per year to your benefits until the age of 70
Answer:
D : The government will add 8% per year to your benefits until the age of 70
Explanation:
If one chooses to work beyond the age of 68 years that the government will add 8% per year for benefits until the age of 70. Thus option D is correct.
What is working age?The working-age is the age till which a person is supposed to work and is fixed by the age of retirement. For the person aged more than 67 years, the government should provide about 8% years of benefit to the age of 70 years. So if wone chose to work he can easily have a benefit of three more years.
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a(n) ______ is an indication of the willingness of the offeree to consent to the terms of the offer
A(n) acceptance is an indication of the willingness of the offeree to consent to the terms of the offer.
In a contractual agreement, the acceptance is a crucial element as it establishes the mutual understanding between the parties involved. When the offeree agrees to the terms set forth by the offeror, it demonstrates their consent and forms a legally binding contract.
The acceptance must be clear, unequivocal, and correspond to the terms of the offer without modifications. This communication can be done through various means, such as verbally, in writing, or through conduct. Any deviation from the original terms may result in a counteroffer, requiring further negotiations before an agreement can be reached.
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29.What are some potential difficulties that you might encounter when doing business in the Chinese market?
30.What actions could your company take to help improve your opportunities for success?
during reccesion, why high specialized is less likely to survive than diversified firm
Answer: mostly diversified companies should presumably survive in them. Given the ... dominance of specialized firms vs. diversifiers across a large set of industries. ... may even become less efficient than specialized firms, we expect than specialized firms ... we are more likely to observe vertical integration.
Explanation:
Discuss the concept of international marketing. Explain the three (3) different levels of complexity at which International
Marketing may be practiced. Motivate from the case study at which level Starbucks is operating. Provide reasons to support
your answer.
International marketing refers to planning, implementing, and controlling marketing activities across national borders. The three levels of complexity in international marketing are exporting licensing, and direct investment.
Starbucks operates at the direct investment level in international marketing. This is evident from its extensive global presence with company-owned stores in multiple countries. Direct investment involves establishing and owning subsidiaries or branches in foreign markets, which requires significant commitment, control, and financial investment. Starbucks' direct ownership and control over its stores worldwide showcase its high level of involvement and dedication to foreign markets.
Moreover, Starbucks' international strategy aligns with direct investment practices as it emphasizes consistent branding, standardized store formats, and uniform customer experience across different countries. This level of complexity allows Starbucks to have greater control over its operations, supply chain, and brand image, ensuring consistent quality and customer satisfaction globally.
Furthermore, Starbucks' direct investment approach enables the company to adapt to local tastes and preferences, tailoring its offerings to specific markets while maintaining its core value proposition. This flexibility is a characteristic of direct investment, as it allows companies to actively respond to local market conditions and consumer demands.
Overall, Starbucks' extensive global presence through company-owned stores, focus on consistent branding, and ability to adapt to local markets indicate that the company operates at the direct investment level of complexity in international marketing.
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Suppose that there are two countries, A and B, each of which produces two goods, X and Y. The production possibilities frontier (PPF) for each country is linear, with quantities of Y plotted on the vertical axis and quantities of X plotted on the horizontal axis. The PPF for Country A has a vertical intercept of 60 and a horizontal intercept of 60. The PPF for Country B has a vertical intercept of 30 and a horizontal intercept of 15.
Required:
What would be true about Country A?
Answer:
They can produce their goods equally.
Explanation:
Country A can produce their products equally with the available products in hand.
They can produce their goods equally. Country A can produce their products equally with the available products in hand.
What is production possibilities frontier?The Production Possibilities Frontier graph shows all the output combinations of two products that can be produced using the resources and technology in use at the time.
The production possibility curve is based on the following fundamental assumptions: Resources are offered and remain constant. The technology used in the production process remains constant. Technology and resources are fully and efficiently utilized.
The production possibilities curve measures the trade-off between producing one good versus another. Imagine a scenario where a nation produces 20,000 oranges and 120,000 apples. The diagram's point B is that location. If it wishes to cultivate more oranges, it must produce less apples.
Thus, They can produce their goods equally.
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Explain the differences between a partnership and a corporation
Why do you think it will be important to stay flexible if your goals change as you get
older?
Answer:
You will feel stronger once you gain a bit of flexibility, simply because that flexibility gives you the range of motion to let your muscles work more efficiently. Maintaining flexibility will aid in muscle and joints health, which can keep older adults doing their favorite daily activities and remain independent.
. Which of the following is a true statement regarding a performance indicator? a. All healthcare organizations are required to report a performance indicator b. Only governmental health care organizations are required to report a performance indicator. c. The purpose of reporting a performance indicator is to make it easier to compare the result of operations of not-for-profit health care organizations to those of for-profit health care organizations d. The purpose of reporting a performance indicator is to assist in evaluating the efficiency and effectiveness of a health care organization’s operating activities.
Answer:
C. The purpose of reporting a performance indicator is to make it easier to compare the results of operations of not-for-profit health care organizations to those of for-profit health care organizations.
Explanation:
performance indicator which can as well be regarded as key performance indicator is reffered to type of performance measurement, which enables evaluation of the success of an organization as well as particular activities like projects, products and
programs, that the company engage in.
It should be noted that The purpose of reporting a performance indicator is to make it easier to compare the results of operations of not-for-profit health care organizations to those of for-profit health care organizations.
Marlene routinely volunteers to organize the company holiday party and summer picnic. Marlene demonstrates a high level of Question 24 options: a) organizational citizenship behaviors. b) job performance. c) self-importance. d) insecurity and the need for social acceptance.
Marlene routinely of volunteers to the organize the company holiday party and the summer picnic. Marlene demonstrates a high level of "self-importance". The correct option is C.
The volunteers are referred to those individuals who offers or agree to do the work without paid or incentives. They can be contributed their knowledge and doing the hard working to understand the work of charity as close to be understand the process of skills and deep things.
The volunteers are the person who performs their work activity or to perform their volunteer services. Marlene routinely of volunteers to the organize the company holiday party and the summer picnic. Marlene demonstrates a high level of self importance.
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What is the accounting equation? Question 2 options: assets = liabilities + owner's equity assets + liabilities = owner's equity liabilities = assets + owner's equity assets = liabilities – owner's equity
The accounting equation is: Assets = Liabilities + Owner's Equity.
What is accounting equation?Accounting equation can be defined as the equation that shows that the assets equal the value of a company's liabilities plus Owners ' equity.
The accounting equation is important as it help to ensures that entries are correctly record into a company or an organizations books and it help to show the relationship between liability and asset.
Therefore the accounting equation is: Assets = Liabilities + Owner's Equity.
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Which tax is an indirect tax?
A.
corporate income tax
B.
federal income tax
C.
property tax
D.
sales tax
Answer:
D. Sales tax
Explanation:
This is because the person is burben with the tax
What is a reading credit card statement
What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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Drag each label to the correct location on the image.
Match the activities with the relevant accounting principles.
a document backs a
transaction
a practice eliminates the
bias of the accountant
a company maintains the
same accounting practices
across accounting periods
an auditor approves
the authenticity of a
transaction
/ Objectivity
/ Consistency
Here is the correct matching:
a document backs a transaction - Objectivitya practice eliminates the bias of the accountant - Objectivitya company maintains the same accounting practices across accounting periods - Consistencyan auditor approves the authenticity of a transaction - ObjectivityWhat are these accounting principles.In accounting, objectivity is the principle of relying on verifiable evidence and eliminating personal bias. This includes having supporting documents for transactions and ensuring that auditors assess authenticity without bias.
Consistency is another principle that requires maintaining the same accounting practices across periods to allow for meaningful comparisons. These principles contribute to accurate and reliable financial reporting.
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please help
Why is engaging communication a two-way process?
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can help