In the inductive approach, the order of supporting ideas is unimportant. Option E is correct.
The deductive approach and the inductive approach are two distinct methods of reasoning and argumentation. The main difference between these two approaches lies in the order of presentation of the information.
The deductive approach is characterized by a top-down approach where the primary message or conclusion is presented at the beginning of the argument, followed by supporting reasons and evidence. The idea is to start with a general statement or premise and then narrow it down to a specific conclusion or call to action.
In the deductive approach, the supporting reasons follow the call to action, which is usually the primary message of the argument.
On the other hand, the inductive approach is characterized by a bottom-up approach where the supporting reasons and evidence are presented first, followed by the primary message or conclusion. The idea is to start with specific observations or evidence and then build up to a general conclusion or message. In the inductive approach, the order of supporting ideas is unimportant, as long as they build up to the main message.
Therefore, the correct answer to the question is E) in the inductive approach, the order of supporting ideas is unimportant. The other options are not accurate descriptions of the deductive approach or contain inaccurate information. It is important to understand the differences between these two approaches to choose the most effective method of argumentation for a particular situation. Option E.
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A company's sales in year 1 were $370,000 and in year 2 were $407,500. using year 1 as the base year, the percent change for year 2 compared to the base year is:_____.
The percent change for year 2 compared to the base year is: 110%
Given:
Sales in year 1 = Base year = $370,000
Sales in year 2 = $407,500
Increase in Sales % in year 2 = (Sales in year 2 - Sales in base year) / Sales in base year
Increase in Sales % in year 2 = ($407,500 - $370,000) / $370,000 = 10%
Sales trend % in year 2 = 100 % sales of base year + 10% increase in sales in year 2 = 110%
Horizontal Analysis:
Using horizontal analysis which is also called as trend analysis, a technique for analysis of financial statement, we can understand the changes in the items of financial statement over a period of time. For a horizontal analysis to work, there should be financial data relating to two accounting periods. The difference between the base and the current year values of items is divided by the base year to find the percentage of change.
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Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?
Answer:
55 legal pads.
Explanation:
The level at which Blackmon Brothers should order more legal pads is the re-order point.
The calculate re-order point, we require
Average daily usage
Delivery lead time
Safety stock is needed.
For Blackmon, Average daily usage will be 165 divided by 15 days
=165/15
=11 legal pads per day.
Lead time is 3 days
Formula for getting the re-order point
= (average daily usage x delivery time) + requires safety stock
For Black man
= (11 x 3)+ (11 x 2)
=33 + 22
=55 legal pads.
They should re-order when they have a balance of 55 legal pads.
On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021 $ 2,200,000
January 1 through February 28, 2022 800,000
March 1 through April 30, 2022 400,000
Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time. During 2022, revenue of $1,000,000 was recognized.
Required:
Prepare a journal entry in each year to record development costs for 2021 and 2022.
The journal entries to record the development costs for the software program in 2021 and 2022 are as follows:
In 2021:
Debit: Development Costs (asset account) - $2,200,000
Credit: Cash - $2,200,000
In 2022:
Debit: Development Costs (asset account) - $1,200,000
Credit: Cash - $1,200,000
The development costs for the software program are recorded as an asset on the balance sheet until the program is available for release. Once the technological feasibility is established, the costs can be capitalized and recorded as an intangible asset.
In 2021, from September 30 to December 31, Athens Software incurs development costs of $2,200,000. To record this expense, we debit the Development Costs asset account and credit the Cash account for the same amount, indicating the cash outflow.
In 2022, from January 1 to February 28, Athens incurs additional development costs of $800,000, and from March 1 to April 30, incurs $400,000. However, since technological feasibility was established on February 28 and the software was available for release on April 30, only the costs incurred after February 28, totaling $1,200,000, can be capitalized. Similar to the previous entry, we debit the Development Costs asset account and credit the Cash account for $1,200,000.
It's important to note that no revenue is recorded in the journal entries for development costs. Revenue recognition occurs separately and is based on the company's estimates of total revenues from the software program over its useful life.
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Matthew earned $1,000 this pay period. He will pay $94.12 in federal taxes. He does not have to pay state income tax. Social security tax is 6.2%, which is $62. Medicare is 1.45%, which is $14.50. Calculate Matthew's net pay with all mandatory taxes included.
Answer: 829.38
Explanation:
How much does it cost to build a private school in Dubai?
Answer:
14 per cent
Explanation:
The federal reserve might consider an easing of credit if all of the following decline except? a real gross domestic product b stock prices c consumer price index d unemployment levels
The federal reserve might consider an easing of credit if all of the following decline except unemployment levels.
Unemployment, in line with the OECD, is people above a distinctive age no longer being in paid employment or self-employment however presently available for work throughout the reference period. Unemployment is measured via the unemployment price, that's the number of people who are unemployed as a percent of the labour force.
The time period unemployment refers to a scenario in which a person actively searches for employment but is unable to find work. Unemployment is taken into consideration to be a key measure of the health of the economy. The maximum frequently used degree of unemployment is the unemployment rate.
There are 4 predominant sorts of unemployment in an economic system—frictional, structural, cyclical, and seasonal—and every has a distinctive purpose.
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One disadvantage of a corporation is:
Answer:
The disadvantages of a corporation are as follows: Double taxation. Depending on the type of corporation, it may pay taxes on its income, after which shareholders pay taxes on any dividends received, so income can be taxed twice. Excessive tax filings.
If a plant has the phenotype of the dominant trait of having thorns, then the plant has either the genotype Tt or tt. Question 8 options: True False.
The genotype of an organism is the set of genes it possesses. All of an organism's observable traits make up its phenotype.
The statement given is False, the genotype is TT.
What is a plant's phenotype based on its genotype?The genotype of an organism is the particular combination of alleles for a given gene.
As an example, the flower-color gene genotypes for the pea plants above were red-white, white-white, and red-red.
The physical manifestation of an organism's allelic combination is called phenotype (genotype).
Because T is dominant while T is recessive, if a plant has the phenotype of the dominant trait of having thorns, it will have TT.
As a result, the answer is false. TT should be the genotype.
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Write down two or three ways you compare yourself to others.
The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
briefly describe the five criteria that measure the effectiveness of a performance management system.
Planning, monitoring, developing, rating, rewarding are the five criteria that measure the effectiveness of a performance management system.
The term "performance management system" can refer to a wide variety of approaches and tools used to assess and improve employee performance. There are some common elements of performance management systems.
These elements include setting goals, providing feedback, and offering opportunities for development. When used effectively, performance management systems can help organizations to improve employee productivity and engagement.
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3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
Using the acronym ROTTEN, explain in a few sentences a situation that
a
could have resulted in the increase of supply of iPhones. I
Answer:
if the supply increases, it could mean that the resources to make Iphones are increased. If there is an abundance of the computer chips Apple uses to make the iphones, the price of the chip lowers , which in turn lowers the cost to make an iphone.
Explanation:
How does American style differ from Japanese style? Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. Japanese style is identified as casual, athletic, and clean-cut while American style is noted for having complicated cutting and structure.
Answer:
American style is identified as casual, and ethic and clean cut while japanese style is considered poorly and has been noted for having complicated cutting and structure
Explantion:
got it right on Edge 2022
the reason protectionism remains strong in the united states is that a. economists can produce any result they are hired to produce. b. economists cannot persuade the general public that free trade is beneficial. c. economists do not really understand how the real world works. d. the losses associated with protectionism are diffuse, making lobbying by the public impractical.
The reason protectionism remains strong in the united states is that the losses associated with protectionism are diffuse, making lobbying by the public impractical.
Protectionism is a type of trade policy by which governments try and save you or restrict competition from other nations. whilst it is able to offer a few quick-time period blessings, especially in poor or developing countries, unlimited protectionism ultimately harms the united states' capacity to compete in global exchange.
There's a vast consensus among economists that protectionism has a negative effect on the economic boom and economic welfare, at the same time as a loose alternative and the reduction of exchange barriers have an advantageous effect on financial growth. Protectionism is regularly criticized by means of economists as harming the humans it is meant to help.
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According to the new classical critique of fiscal policy, an increase in government spending today will lead to what change in current savings
In accordance with the new classical critique of fiscal policy in today's world, an increase in government spending will lead to an increase in current savings.
Fiscal policy refers to a economic policy whereby governments seeks to stabilize the economy by manipulating the levels and allocations of taxes and government spending.
The new classical critique of fiscal policy states that an increases in government spending and decreases in taxes are largely offset by increases in savings.
Therefore, in conclusion, In accordance with the new classical critique of fiscal policy in today's world, an increase in government spending will lead to an increase in current savings.
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Select the correct answer. Richard runs a small manufacturing business. Recently, he discovered that some of the financial transactions recorded in the account books seem misleading. He suspects that some of his employees might be misusing the business’s cash reserves. Which of these measures of internal accounting controls may Richard take to avoid such instances in the future?
A. firing all the employees in the given department
B. reducing the salaries of suspected employees
C. sanctioning financial transactions in advance in the future
D. organizing a conference to discuss such issues
Answer:
C. sanctioning financial transactions in advance in the future
Explanation:
Sanctioning a financial transaction means approving or authorizing a transaction to be executed. Requiring approval for financial transactions is one of the measures of internal control. Employees are required to seek approval from management or authorities before proceeding with transactions.
Richard should demand that he sanctions all transactions in advance. Through this measure, he will get details and explanations of financial transactions before they happen.
Which statement is true about the circular flow diagram of an economy?.
The statement that the market for factors of production connects spending by firms to household income is true about the circular flow diagram of an economy.
The circular flow diagram is an economic model that entails the flows of money and goods exchanged in the closed circuit which run in the opposite direction.
Hence, the statement that the market for factors of production connects spending by firms to household income is true about the circular flow diagram of an economy.
Therefore, the Option A is correct.
Missing word includes "A The market for goods and services connects household spending to government spending. B The market for factors of production connects household spending to goods produced by firms. C The market for factors of production connects spending by firms to household income. D The market for goods and services connects labor income to firms as employers. E The market for goods and services connects labor income to household spending."
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Emery Mining Inc. recently reported $147,500 of sales, $75,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-+-state income tax rate was 25%. How much was the firm's net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes. (Round your intermediate and final answers to two decimal places.) a. $35,847.12 b. $38,604.59 c. $36,634.97 d. $45,452.81 e. $47,664.85
Answer: D.) $45,452.81
Explanation:
Given the following :
Sales = $147,500
Operating expenses = $75,500
Depreciation = $10,200
Outstanding bonds = $16,500
Interest rate on bonds = 7.25% = 0.0725
federal-+-state income tax rate = 25% = 0.25
Net income =?
Net income can be calculated as follows:
Net income = (Sales - Operating Expenses - Depreciation - (Outstanding bond value × Interest rate)) × (1 - Tax rate)
Net income = ($147,500 - $75,500 - $10,200 - ($16,500 × 0.0725)) × (1 - 0.25)
Net income = ($147,500 - $75,500 - $10,200 - $1,196.25) × 0.75
Net income = $60,603.75 × 0.75
Net income = $45,452.81
The firm's net income is : $45,452.81
What is Net income?Net income represents the difference between revenues and expenses. The expenses include both operating and non-operating expenses. An income statement is prepared to determine the net income.
Net income
= (Sales revenue - Operating costs - Depreciation - Interest expense) * (1 - Tax rate)
= $147,500 - $75,500 - $10,200 - ($16,500 * 7.25%) * (1 - 0.25)
= $147,500 - $75,500 - $10,200 - $1,196.25) × 0.75
= $60,603.75 × 0.75
= $45,452.81
Therefore, the firm's net income is $45,452.81
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What do you mean by the vocations based on capital ? Explain with examples
Answer:
Capital asset -investment activity is vocation or business being an adventure or concern in nature of commerce. Income/ loss from such activity will fall under different heads of income.
Explanation:
this is the correct answer
A company has net sales of $2,146,200 and average accounts receivable of $438,000. What is its accounts receivable turnover for the period? a. 8.80 b. 25.70 c. 80.60 d. 0.39
The accounts receivable turnover ratio measures how efficiently a company collects its outstanding receivables during a specific period. The correct answer would be 4.90. No option is correct.
It is calculated by dividing the net sales by the average accounts receivable.
Turnover ratio, in finance and accounting, is a measure used to assess the efficiency with which a company utilizes its resources, specifically its assets, to generate sales or revenue. It is commonly used to evaluate the effectiveness of a company's operations and management in generating sales relative to its investments in assets.
In this case, the accounts receivable turnover ratio for the period would be:
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
Accounts Receivable Turnover = $2,146,200 / $438,000
Accounts Receivable Turnover = 4.90
Therefore, the answer is not one of the options provided. The correct answer would be 4.90.
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The concept of Person-Environment Fit suggests that hardworking people always succeed. a worker's skillsets are always in demand. people adapt quickly to fit new environments. an individual may flourish in one organisation but struggle in another.
Person-Environment Fit is a concept that implies that an individual's work environment should match their skill set, personality, and characteristics. It is essential to consider that hardworking people are not always successful;
rather, it is a combination of the environment and the person's characteristics that lead to success.The concept of Person-Environment Fit (PE Fit) revolves around the compatibility of an individual's personality traits, preferences, and skills with the requirements of the organization they work for. PE Fit involves understanding and comparing an individual's psychological makeup with the requirements of a specific job and the organizational culture and values.
Similarly, an individual with excellent interpersonal skills will perform well in jobs that require them to work in teams. Conversely, an individual with excellent analytical skills will be successful in jobs that require data analysis and critical thinking.
It is worth noting that individuals may flourish in one organization but struggle in another, depending on the compatibility of their personality traits with the job requirements and the organizational culture.In conclusion, Person-Environment Fit is an important aspect of job satisfaction and success.
It helps individuals find jobs that match their personality, preferences, and skills. An individual's success is not solely dependent on their hard work, but rather a combination of their characteristics and the environment they work in.
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Utilitarianism is an approach to ethics that means. A. Fairness is the fundamental aspect of ethical conduct and people in a dispute should look at the situation outside of their own interests in the outcome to decide what is right. B. Journalists often face conflicts among ethical principles in the course of their work and must often make difficult decisions. C. Whatever does the most good for the most number of people is best. D. Not all ethical precepts can be applied in all situations, but they do provide useful guidelines for media professionals in their behavior.
Answer:
C. Whatever does the most good for the most number of people is best.
Explanation:
Utilitarianism (utilitarian ethics) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarianism (utilitarian ethics) considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarianism (utilitarian ethics) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
This ultimately implies that, utilitarianism is a philosophical approach to normative ethics that means whatever does the most good for the most number of people is best.
What is Anderson hoping to do as a next step and why
Answer:
To make the game into an app
Explanation:
Interestingly, William Anderson was passionate about what he was doing; this passion led Anderson to think about making his Wealth Effect Game an app.
Why? Because he realized that most people lacked basic financial skills and his goal was to to make an app that would allow teachers throughout the country teach their students financial literacy effectively.
Real Estate Question
A buyer is purchasing a property for $500,000. He has a down payment of $50,000 and is financing the rest. What's the amount of the loan origination fee if the lender charges one-and-a-half points? Please explain your work as well.
Answer Choices:
$5,000
$6,750
$750
$7,500
Answer:
Amount of the loan origination fee = $7,500
Explanation:
Given:
Purchase cost of house = $500,000
Down payment cost = $50,000
Lender charges point = 1.5 points[%]
Find:
Amount of the loan origination fee
Computation:
Amount of the loan origination fee = Purchase cost of house x Lender charges point
Amount of the loan origination fee = 500,000 x 1.5%
Amount of the loan origination fee = $7,500
Now that Rory understands how comprehensive income is, he is wondering if he needs to record the $500 scholarship he was awarded from his local community to help pay his college tuition. If so, in which category of income should it be recorded: earned income, unearned income, or received income from government programs
Whether or not Rory needs to record the $500 For more questions on Scholarship he was awarded for college tuition will depend on whether it is considered taxable income or not.
In general, scholarships and grants used for Assuming that the scholarship money is tax-free, education expenses such as tuition and books are tax-free.
However, if the scholarship money is used for non-qualified expenses such as room and board, it may be taxable.
Assuming that the scholarship money is tax-free, Rory does not need to record it as income. It is not considered earned income, unearned income, or income received from government programs.
However, if any portion of the scholarship money is taxable, Rory would need to record it as income in the appropriate category depending on how it is classified.
If it is earned through work, it would be recorded as earned income. If it is awarded without any work required, it would be recorded as unearned income.
If it is received through a government program, it would be recorded as income received from government programs.
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Assume a company's Income Statement for Year 12 is as follows:_______.
Income Statement Data Year 12 (in 000s)
Net Revenues from Footwear Sales $ 600,000
Cost of Pairs Sold 370,000
Warehouse Expenses 55,000
Marketing Expenses 100,000
Administrative Expenses 15,000
Operating Profit (Loss) 60,000
Interest Income (Expense) (12,000)
Pre-tax Profit (Loss) 48,000
Income Taxes 14,400
Net Profit (Loss) $ 33,600
Based on the above income statement data and the formula for calculating the interest coverage ratio described in the Help section for p. 5 of the Footwear Industry Report, the company's interest coverage ratio is:_____.
a. 2.80.
b. 50.0.
c. 3.00.
d. 4.00.
e. 5.00.
Based on the above income statement data and the formula for calculating the interest coverage ratio, the company's interest coverage ratio is e. 5.00.
What is the interest coverage ratio?The interest coverage ratio measures how easily a company can pay interest on its outstanding debt using its operating profit. The operating profit is the earnings before interest expenses and taxes (EBIT).
Data and Calculations:Operating profit = $60,000
Interest Expense = $12,000
Interest coverage ratio = Earnings before interest and taxes/Interest expense = 5 ($60,000/$12,000)
Thus, the company's interest coverage ratio is e. 5.00.
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The place where what sellers are willing to sell for and buyers are willing to buy for is called __________.
a) market price
b) elastic price
c) equilibrium price
d) Paradox of value
e) both a and c
f) None of the above
The place where what sellers are willing to sell for and buyers are willing to buy for is called equilibrium price. Therefore, the correct answer is option (c) equilibrium price.
a) Market price: This answer is partly correct because market price is the actual price at which a good or service is sold in the market. In a competitive market, the market price is usually close to the equilibrium price, which is the price at which buyers and sellers reach a balance.
b) Elastic price: This answer is wrong. Elasticity means how much buyers or sellers change their behaviour in response to changes in price. Although it's related to the determination of equilibrium price, it's not the same thing.
c) Equilibrium price: This answer is correct. Equilibrium price is the price at which supply and demand for a good or service are equal. It's the price at which buyers and sellers are happy to trade.
d) Paradox of value: This answer is wrong. The paradox of value is a concept that observes how some things that are essential, like water, have a low value, while some non-essential things, like diamonds, have a high value. It's interesting, but it's not directly related to equilibrium price.
e) Both a and c: This answer is partially correct. Market price and equilibrium price are related. In a competitive market, the market price is usually close to the equilibrium price, which is where supply and demand for a good or service are balanced.
f) None of the above: This answer is incorrect. The correct answer is c because equilibrium price is the price at which supply and demand for a good or service are equal, and it's the price at which buyers and sellers are happy to trade.
Option (e) "both a and c" is partially correct because market price and equilibrium price are related concepts, but only Option (c) fully answers the question. Therefore, the most accurate answer to the question is Option (c) "equilibrium price".
Which of the following considerations generally goes into determining employee compensation?
A. Employee's financial needs
B. Average industry compensation
C. Compensation in other countries
D. Compensation in other industries
The factor that goes in determining employee compensation is Compensation in other industries. Oprtion D
What is meant by employee compensation?The total remuneration, whether in cash or in kind, that an organization pays an employee in exchange for labor performed by the latter during the accounting period is referred to as employee compensation.
The total remuneration, in cash or in kind, that an employer pays to an employee in exchange for labor performed by the latter during an accounting period is known as compensation of employees (D.1) in national accounts.
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A multiple predetermined overhead rate system is more accurate than a plantwide overhead rate system because it ______. Multiple choice question.
A multiple predetermined overhead rate is more accurate because it shows the way cost is incurred by various departments.
Multiple Predetermined Overhead Rates These are rates used to calculate production overhead. They reflect each individual department involved in production.This is better than a plantwide overhead rate which simply reflects a single overhead rate for the entire company regardless of the fact that each department incurs costs differently and so should be accounted for differently.
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