The difference between the interest rate on a loan and the inflation rate is known as the real interest rate. The real interest rate reflects the actual purchasing power of the borrowed funds by considering the effects of inflation. To understand the concept better, let's break it down:
The interest rate on a loan represents the cost of borrowing money. It is the percentage charged by the lender on the principal amount, typically expressed annually. This interest rate compensates the lender for the risk taken and the opportunity cost of lending money instead of using it for other purposes.
On the other hand, inflation refers to the general increase in prices of goods and services over time. When inflation occurs, the purchasing power of money decreases, meaning that the same amount of money can buy fewer goods or services.
The difference between the interest rate and the inflation rate is important because it determines the real return or cost of borrowing. If the interest rate on a loan is higher than the inflation rate, borrowers face a higher cost of borrowing in real terms. This means that the purchasing power of the borrowed money will decrease over time due to inflation, making the loan more expensive.
Conversely, if the interest rate on a loan is lower than the inflation rate, borrowers benefit from a lower cost of borrowing in real terms. In this case, the purchasing power of the borrowed money will increase over time, making the loan relatively cheaper.
Understanding the difference between the interest rate on a loan and the inflation rate is crucial for borrowers and lenders to make informed financial decisions. It helps borrowers assess the affordability of loans and determine if the potential returns on an investment outweigh the cost of borrowing. Similarly, lenders consider the inflation rate to ensure that the interest rate they charge adequately compensates for the risk and inflationary pressures.
Overall, the real interest rate provides a more accurate measure of the cost of borrowing or the return on investment by considering the impact of inflation. It helps individuals and businesses evaluate the true value and implications of financial transactions in the context of changing purchasing power.
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Identify which of the following statements is true. Group of answer choices In a tax-free reorganization, the acquiring corporation's holding period for the acquired properties includes the period of time the target corporation held the properties. The receipt of cash by a shareholder results in the recognition of all of his or her realized gain even if the transaction qualifies as a tax-free reorganization. In a tax-free reorganization, if the acquiring corporation uses nonmonetary boot property, gains or losses will be recognized by the acquiring corporation. All of the above are false.
Answer:
d
Explanation:
HELP ME!! NOT AN ACTUAL BUISNESS QUESTION THOUGH 20 POINTS!!!!!
not the place for this I know but like can someone tell me what they would take/get for a simple picnic ? it is not a date or anything also this probably obvious but no alcoholic drinks
Answer:
food lol drinks and food that you and they like
Explanation:
brainiest an i will tell more
Answer:
I would bring fruits and little snackies like chips or pretzels.
Morgan was admitted to the hospital suffering from a critical illness. He was given emergency treatment and later underwent surgery. On at least four occasions, Morgan's two sons discussed with the hospital the payment for services it was to render. The first of these four conversations took place the day after Morgan was admitted. The sons informed the treating physician that their father had no financial means but that they themselves would pay for such services. During the other conversations, the sons authorized whatever treatment their father needed, assuring the hospital that they would pay for the services. In addition to sons, Morgan’s brother (Rambo) also told the hospital that he would pay for all services provided to Morgan if, and only if, Morgan did not pay for provided services himself. After Morgan’s discharge, the hospital brought a legal action against Morgan’s sons and Rambo to recover the unpaid bill for the services rendered to their father. Are the sons’ promises to the hospital enforceable? What about Rambo’s promise? Explain.
In the given case there is clarity and reliance and the promise can be enforceable
The legal doctrine of promissory estoppel and the particulars of the case determine whether or not the boys' pledges to the hospital and Rambo's promise may be enforced. Although the father in the instance had no means of support, the sons told the hospital that they would pay for the services provided to their father. This might be interpreted as a commitment to the facility. It also demonstrates reliance since, in order to fulfil its obligations, such providing essential medical care, the hospital must have reasonably relied on the sons' commitments.
As a result, the law of promissory estoppel may allow the sons' agreements to be enforced. Along with promising to pay for Morgan's services, Rambo also stipulated that Morgan not be required to pay for them. Rambo's assurance can be seen as a conditional assurance, meaning that it might not be enforceable until the condition is satisfied. Rambo's pledge may be enforced if Morgan really did not pay for the services.
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MASTERING INVENTORY HOMEWORK EXERCISES
Section 1–INTRODUCTION TO ACCOUNTING FOR INVENTORY
1. Your calendar year company places the following orders on December 27. Indicate which of the orders will be reflected on this year’s financial statements.
a. Goods shipped December 28, FOB shipping point and received January 2.
b. Goods shipped December 27, FOB destination and received January 4.
Section 2–INVENTORY RECORDKEEPING USING THE PERPETUAL METHOD
1. On July 13, Ainsley Co. Orders inventory with an invoice price of $20,000, FOB destination. On July 17, the goods and invoice are received. On July 21, Ainsley pays the invoice in full. On July 30, the inventory is sold on account for $30,000. Prepare the journal entries to record each transaction under the perpetual method.
Section 3–INVENTORY RECORDKEEPING USING THE PERIODIC METHOD
1. On April 10, MDC orders inventory with an invoice price of $18,000, FOB destination. MDC receives the goods and invoice on April 13 and pays the invoice in full on April 20. On April 30, the inventory is sold for $25,000 cash. Prepare the journal entries to record each transaction under the periodic method.
Section 4–INVENTORY COSTING THE WEIGHTED-AVG. AND MOVING-AVG. METHODS
1. FlipCo, which uses the periodic method and weighted average costing, begins operations in 20X8. On January 15, FlipCo purchases 20 units at $6 each; on March 21, 30 units at $7. 00 each, on June 1, 450 units at $5. 25 each, and on November 12, 50 units at $6. 25 each.
a. What is FlipCo’s cost per unit?
b. If ending inventory is 125 units, what is FlipCo’s 20X8 ending inventory and COGS?
Section 1
1. a. Goods shipped December 28, FOB shipping point and received January 2.This order will be reflected on this year's financial statements.
b. Goods
27, FOB destination and received January 4.
This order will not be reflected on this year's financial statements.
Section 2
1. July 13: Inventory Purchase
Inventory 20,000Accounts Payable 20,000
July 17: Goods Received
Inventory 20,000Accounts Payable 20,000
July 21: Invoice Paid
Accounts Payable 20,000Cash 20,000
July 30: Sale of Inventory
Accounts Receivable 30,000Sales Revenue 30,000
Cost of Goods Sold 20,000Inventory 20,000
Section 3
1. April 10: Inventory Purchase
Inventory 18,000Accounts Payable 18,000
April 13: Goods Received
Inventory 18,000Accounts Payable 18,000
April 20: Invoice Paid
Accounts Payable 18,000Cash 18,000
April 30: Sale of Inventory
Cash 25,000Sales Revenue 25,000
Cost of Goods Sold 18,000
Section 4
1.
a. Total cost of units purchased = (20 x $6) + (30 x $7) + (450 x $5.25) + (50 x $6.25) = $3,240Total units purchased = 20 + 30 + 450 + 50 = 550
Cost per unit = $3,240 / 550 = $5.89 (rounded to two decimal places)
b. Ending Inventory = 125 unitsCOGS = (550 - 125) x $5.89 = $2,625.75
Ending Inventory = 125 x $5.89 = $736.25
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when a company chooses a group of customers to serve, it is engaging in which of the following?
When a company chooses a group of customers to serve, it is engaging in Target Marketing
What is Target Marketing and market segmentation?A target market is a certain demographic with shared characteristics to which a business markets its products or services. Target marketing helps companies completely understand their target customers so they can create marketing plans that complement their company and marketing objectives. The four target markets are divided into geographic, demographic, psychographic, and behavioural groups. Establishing the target market for each new product is essential to developing and carrying out a successful marketing strategy. You can conduct market segmentation by dividing your target market into manageable groups. Market segmentation separates a market into subsets based on demographics, desires, goals, similar interests, and other psychographic or behavioral factors used to better understand the target audience.
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What+is+the+value+of+a+perpetual+bond+with+a+par+value+of+$1,000+and+a+coupon+rate+of+9%+(semiannual+coupon)?+the+bond+has+a+yield+to+maturity+of+6.40%.+group+of+answer+choices
The value of a perpetual bond with a par value of $1,000 and a semiannual coupon rate of 9% at a yield to maturity of 6.40% is approximately $1,116.67.
To calculate the value of a perpetual bond, we need to use the formula for the present value of a perpetuity. The present value of a perpetuity is equal to the annual coupon payment divided by the yield to maturity. In this case, the annual coupon payment is $1,000 * 9% = $90. Since the coupon is paid semiannually, the semiannual coupon payment is $90 / 2 = $45. The yield to maturity is 6.40%, which can be converted to a semiannual yield of 6.40% / 2 = 3.20%. Therefore, the value of the perpetual bond can be calculated as $45 / 3.20% = $1,406.25. However, since the bond has a par value of $1,000, we need to discount the value by the perpetuity factor of $1,000 / $1,406.25 = 0.7107. Therefore, the value of the perpetual bond is approximately $1,406.25 * 0.7107 = $1,116.67.
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Strait Co. manufactures office furniture. During the most productive month of the year, 3,200 desks were manufactured at a total cost of $83,900. In the month of lowest production, the company made 1,290 desks at a cost of $58,200. Using the high-low method of cost estimation, total fixed costs are
Using the high-low method of cost estimation, the total fixed costs for Strait Co. are approximately $44,078.40.
Using the high-low method of cost estimation, we can determine the fixed costs of Strait Co. by analyzing the difference in production levels and costs between the highest and lowest months.
To calculate the fixed costs, we need to determine the variable cost per unit first. This can be done by finding the difference in total costs between the highest and lowest months, and then dividing it by the difference in production levels.
Let's calculate the variable cost per unit:
Variable cost per unit = (Total cost in highest month - Total cost in lowest month) / (Production in highest month - Production in lowest month)
Variable cost per unit = ($83,900 - $58,200) / (3,200 - 1,290)
Variable cost per unit = $25,700 / 1,910
Variable cost per unit ≈ $13.46
Now that we have the variable cost per unit, we can calculate the fixed costs by subtracting the variable costs from the total costs in any given month.
Let's use the data from the highest month:
Total costs = Fixed costs + (Variable cost per unit × Production)
$83,900 = Fixed costs + ($13.46 × 3,200)
Fixed costs = $83,900 - ($13.46 × 3,200)
Fixed costs ≈ $44,078.40
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What component of GDP would a consumer buying a new house affect?
O government spending
O net exports
investment
O consumer spending
Answer:
Explanation:
A: the government is not buying the home. You are. Not A
B: The house is not being moved on any soil but American Soil. Not B
C: You could argue that a home is an investment, but not to the GDP. The answer is not C.
D: GDP would call this consumer spending.
Answer:
consumer spending
This is because, consumer spending is the same as personal consumption expenditure
The american federation of teachers represents an industrial union.
a. true
b. false
The American federation of teachers represents an industrial union. The answer is true .
The American Federation of Teachers (AFT) is a national organization that represents more than one million public school teachers, academic staff at higher education institutions, government workers, nurses, healthcare providers, paraprofessionals, and other people working in the education sector. The American Federation of Labor and the Congress of Industrial Organizations (AFL-CIO), a coalition of trade and industrial organizations that collectively represent more than thirteen million people, is a member of which the AFT is a part. The union strives to "better our members' and their families' lives, give voice to their legitimate professional, economic, and social objectives, and enhance the institutions in which we work, among other goals.", to improve the quality of the services we provide, to bring all members together to assist one another," as stated in the AFT Futures II Report, which was adopted on July \(5, 2000.\)
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What is a Target Market ? A Marketing with a bullseye goal . B Customers to whom a company wants to sell its products and services
Answer:
Customers to whom a company wants to sell its products and services
Explanation:
When I decided to set up my own business, I decided to focus on just those customers who wanted just the product I invented. They are my target customers and I'll focus my advertising on just their needs and interests. That will be my target market.
A commodity is something with cash value that can be bought or sold.
true or false
Answer:
True
Explanation:
can i have one sentence on how you would describe your favorite icecream
Answer:
it is chocolatey and peanut buttery and tasty i like moose tracks.
Explanation:
Answer:
My favorite ice cream is minty, with chocolate chunks!
Explanation:
halcrow yolles purchased equipment for new highway construction in manitoba, canada, costing $600,000. estimated salvage at the end of the expected life of 6 years is $50,000. various acceptable depreciation methods are being studied currently. determine the book value for year 4 according to the double declining balance (ddb) depreciation method. question 1 options: $105,425 $110,158 $136,513 $120,104 $118,519
The book value for year 4 according to the double-declining balance depreciation method is $118,519.
What is the double declining balance method?A double-declining balance method is a type of accelerated depreciation method in which the asset value is depreciated twice as fast as the straight-line method.
Calculation of the depreciation at the end of the year 1 is :
Depreciation = Cost of the equipment × 2/expected life
= $600,000*2/6
= $ 200,000
The book value at the end of the year 1 = $ 600,000 - $ 200,000
= $ 400,000
Calculation of depreciation at the end of the year 2 is :
Depreciation = Book value at the end of year 1 × 2/expected life
= $400,000*2/6
= $ 133,333
The book value at the end of the year 2 = $ 400,000 - $133,333
= $ 266,667
Calculation of depreciation at the end of the year 3 is :
Depreciation = Book value at the end of year 1 × 2/expected life
= $266,667*2/6
= $ 88,889
The book value at the end of the year 3= $266,667 - $ 88,889
= $ 177,778
Calculation of depreciation at the end of the year 4 is :
Depreciation = Book value at the end of year 1 × 2/expected life
= $177,778*2/6
= $ 59,259
∴ The book value at the end of the year 4 = $ 177,778 - $ 59,259
= $ 118,519
Therefore, $118,519 is the book value for year 4 according to the double declining balance depreciation method.
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Complete the statement about contracts.
In a ____ contract, someone agrees to pay someone else for a specific action or job, such as mowing a yard. In a _____ contract, each party agrees to fulfill some type of action, such as one company agreeing to purchase a specific type and quality of equipment that another company agrees to deliver and install.
In a "unilateral" contract, someone agrees to pay someone else for a specific action or job, such as mowing a yard. In a "bilateral" contract, each party agrees to fulfill some type of action.
Unilateral Contract: In a unilateral contract, one party makes a promise or offer to another party in exchange for the performance of a specific action or task. The party making the offer is obligated to fulfill their promise only if the other party completes the requested action. For example, if someone posts an advertisement offering a reward for finding a lost pet, the person who finds the pet and fulfills the condition (returning the pet) is entitled to the reward.
Bilateral Contract: In a bilateral contract, both parties involved agree to fulfill certain actions or obligations. It is a mutual exchange of promises, where each party makes a commitment to perform a specific action. For instance, in a purchase agreement between two companies, one company agrees to buy a particular type and quality of equipment, while the other company agrees to deliver and install the equipment as specified in the contract.
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Why is a brand important to a business?
Why is Rent to Own a Rip Off?
suppose real gdp was $196 billion in 2016,$200 billion in 2017 and $206 billion in2018. if the year 2016 is the base year, the gdp deflator increased by 5% between 2016 and 2017, and the growth of nominal gdp between 2017 and 2018 was 2%, from this information,the nominal gdp in 2018 was
The nominal GDP in 2018 is would be equal to 206.98 billion with 2016 as base year .
The nominal GDP in 2018 can be calculated by using the following formula:Nominal GDP in 2018 = (Real GDP in 2016 x (1 + GDP Deflator)) x (1 + Growth of Nominal GDP)Therefore, the nominal GDP in 2018 is equal to (196 billion x (1 + 0.05)) x (1 + 0.02) = 206.98 billion.The GDP deflator measures the change in price level between two periods and is calculated by dividing the current year's nominal GDP by the base year's real GDP.In this case, the GDP deflator between 2016 and 2017 is 5%, which means that the price level in 2017 is 5% higher than that in 2016. The growth of nominal GDP between 2017 and 2018 is 2%, indicating that the nominal GDP in 2018 is 2% higher than that in 2017.The nominal GDP in 2018 can also be calculated without using the formula. Since the real GDP in 2016 is the base year, the nominal GDP in 2016 is equal to the real GDP in 2016, which is 196 billion.Then, since the GDP deflator increased by 5% between 2016 and 2017, the nominal GDP in 2017 is equal to 196 billion x (1 + 0.05) = 206 billion. Finally, since the growth of nominal GDP between 2017 and 2018 is 2%, the nominal GDP in 2018 is equal to 206 billion x (1 + 0.02) = 206.98 billion.In conclusion, the nominal GDP in 2018 is equal to 206.98 billion.To learn more about the GDP Deflator refer to:
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Smyth continues to cling to the old methods of cost accounting and Alex tries to explain why the old methods do not make sense while the plant is growing and changing. Alex explains why to Smyth:
Select one or more:
a. Activating and utilizing a resource are not the same thing.
b. A plant should balance the flow of product with demand, not capacity.
c. The only resources that dictate the level of profit possible are the resources with constraints in the system, ie the bottlenecks.
Alex's explanation to Smyth emphasizes the need to move away from old cost accounting methods and adopt a more flexible and efficient approach that considers resource utilization, product flow, and bottleneck management.
Here is the explanation including the terms you provided:
Alex explains to Smyth that clinging to old methods of cost accounting is not suitable for a growing and changing plant for several reasons.
Firstly, Alex highlights the difference between activating and utilizing a resource. Activating a resource means making it available for use, while utilizing a resource refers to actually using it to produce output.
Old cost accounting methods focus on maximizing resource activation, which can lead to inefficiencies and waste, as resources might not be fully utilized. In a growing and changing plant, it is crucial to focus on utilizing resources efficiently to maximize profits and adapt to the dynamic business environment.
Secondly, Alex points out that a plant should balance the flow of product with demand, not capacity. Old cost accounting methods prioritize maximizing capacity utilization, which may result in overproduction and increased inventory costs. By balancing product flow with demand, the plant can better manage its resources and reduce waste, leading to a more streamlined and cost-effective operation.
Lastly, Alex explains that the only resources that dictate the level of profit possible are the resources with constraints in the system, i.e., the bottlenecks. Old cost accounting methods may not adequately identify and manage these bottlenecks, which can hinder the plant's overall efficiency and profitability.
By recognizing and addressing these constraints, the plant can optimize its operations and focus on the most critical areas to improve its overall performance.
In conclusion, Alex's explanation to Smyth emphasizes the need to move away from old cost accounting methods and adopt a more flexible and efficient approach that considers resource utilization, product flow, and bottleneck management. By doing so, the growing and changing plant can optimize its operations and maximize profits in a dynamic business environment.
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What qualities should a good agile team exhibit?
Strong communication and a collaborative mindset, cross-functional composition, pride in self-organization, and a focus on customers' demands are all characteristics of a good agile team.
what is an agile team?
A small group of individuals allocated to the same project or effort, almost all of whom work full-time, is referred to as a "team" in the Agile context. A small percentage of team members might work part-time or have additional obligations.
The idea of a team implies shared responsibility; whether the results are good or negative, they should be assigned to the team as a whole rather than to any one person. The team is anticipated to have all required skills, whether technical (programming, designing, testing) or managerial (domain knowledge, decision-making ability).
Results are more important than roles and responsibilities: a developer may test, analyze, or consider requirements; an analyst or domain expert may offer ideas regarding implementation, and so forth.
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Automatic placement and withdrawal of parts and products into and from designated places in a warehouse" describes __________ technologies.
The given phrase "Automatic placement and withdrawal of parts and products into and from designated places in a warehouse" describes Automated Storage and Retrieval Systems (AS/RS) technologies.
AS/RS technologies are used to optimize and organize the storage of inventory and components in manufacturing facilities, distribution centers, and warehouses by providing a variety of automated systems for storing and retrieving inventory. AS/RS technologies have emerged as a response to the growing demand for flexibility, efficiency, and productivity in warehousing and distribution operations. They can include a range of technologies like carousels, vertical lift modules, and automated guided vehicles, to name a few. These systems are designed to reduce manual handling and increase throughput by delivering the right part or product to the right place at the right time. With these technologies, warehouse managers can have greater control over inventory and reduce costs associated with labor, storage, and material handling. Therefore, AS/RS technologies have been widely adopted in various industries to improve efficiency and productivity.
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What is the biggest expectation from the civil service?
The biggest expectation from the civil service is work toward the betterment and protection of the people.
Civil service:
In general terms, civil service refers the permanent professional branches of a state's administration, excluding military and judicial branches and elected politicians.
Given,
Here we need to find the biggest expectation from the civil service.
As per the definition of civil service, the expectations towards the civil service are listed as follows:
=> selflessness,
=> integrity,
=> accountability,
=> openness,
=> leadership,
=> objective, and
=> honesty.
As a whole, the biggest expectations from the civil service is managing the resources given to them by the government and making use of them efficiently and effectively.
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How is a compressed work week different from a traditional work week?
You work one more day in a compressed work week.
You work forty hours in a compressed work week.
You work one less day in a compressed work week.
You work less than forty hours in a compressed work week.
Answer:
A compressed work allows the employee to work for 35-40hours workweeks in less than five workdays.
Mikey's Bar and Grill has total assets of $20 million, of which $14 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Mikey's gross plant and equipment has a book value of $17.0 million, and other long-term assets have a book value of $700,000. What is the balance of inventory and the balance of depreciation on Mikey's Bar and Grill's balance sheet?
The balance of inventory on Mikey's Bar and Grill's balance sheet is $7 million, and the balance of depreciation is $17.7 million.
we need to calculate the remaining portion of the current assets that is not composed of cash or accounts receivable. The total current assets are $14 million, and cash makes up 10 percent, which is $1.4 million. Accounts receivable represents another 40 percent, which is $5.6 million (40% of $14 million). Therefore, the combined value of cash and accounts receivable is $1.4 million + $5.6 million = $7 million.To find the balance of inventory, we subtract the combined value of cash and accounts receivable from the total current assets:
Inventory = Total current assets - (Cash + Accounts receivable)
Inventory = $14 million - $7 million
Inventory = $7 million.
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A central issue in the Microsoft antitrust lawsuit involved Microsoft's integration of its Internet browser into its Windows operating system, to be sold as one unit. This practice is known as a. wholesale maintenance. b. tying. c. retail maintenance. d. predation.
The central issue in the Microsoft antitrust lawsuit involved Microsoft's practice of tying its Internet browser into its Windows operating system and selling it as a single unit. This practice, also known as "tying," was seen as anti-competitive behavior by many industry experts. The argument was that by forcing consumers to use its browser, Microsoft was creating a monopoly in the browser market and stifling competition from other browser makers.
The Department of Justice accused Microsoft of using its dominant position in the operating system market to gain an unfair advantage in the browser market. Ultimately, Microsoft was found guilty of violating antitrust laws and was ordered to split into two separate companies, one for its operating system business and one for its other software products. The case remains an important milestone in the history of antitrust law and continues to shape debates about the role of regulation in the technology industry.
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Type the correct answer in the box. Spell all words correctly.
What is an example of using a transaction processing system to process data immediately?
transactions are a perfect example of the transaction processing system.
POS systems for inventory management is an example of using a transaction processing system to process data.
Transaction is an agreement, or verbal exchange, between a consumer and seller to trade items, services, or assets for payment. Any transaction entails a change in the popularity of the budget of two or greater groups or individuals. A transaction is a business event that has a economic effect on an entity's economic statements, and is recorded as an entry in its accounting statistics. Examples of transactions are as follows: Paying a provider for services rendered or goods added. Accounting transactions refer to any business pastime that outcomes in a direct impact on the economic repute and monetary statements of the commercial enterprise. Such transactions come in many paperwork, including: income in coins and credit score to customers. Receipt of cash from a patron by means of sending an bill
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Which of the following is a cognate strategy for rhetorical Pathos?a. Emphasis b. Direction c. Sources d. Reference
One of the following is a comparable strategy for rhetorical pathos, and that strategy is emphasis.
What is the cognate method for emphasis?Lack of emphasis can lessen the impact of other topics, while emphasis is a cognate strategy that adds stress or importance to a topic. It is what demonstrates the importance of the subject you are discussing. In writing, emphasis can be added through word choice, sentence structure, or repetition.
In business emails, I draw attention to the most crucial information by including it in my summary and highlighting it throughout the body of the email. For example: "In conclusion, I am making a lot of effort to provide the customer with accurate expectations on our timetable, anticipated downtime, and prices. I need to know your cost projections for this statement of work more than anything else.
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Legal counsel's response to an auditor's inquiry about litigation, claims, and assessments may be limited to matters that are considered individually or collectively material to the client's financial statements. Which parties may reach an understanding on the limits of materiality for this purpose that are stated in the letter of inquiry?
The legal counsel's response to an auditor's inquiry about litigation, claims, and assessments may be limited to matters that are considered individually or collectively material to the client's financial statements. Parties that may reach an understanding on the limits of materiality for this purpose that are stated in the letter of inquiry includes.
The client and the auditor can agree on the materiality level of potential litigation, claims, and assessments in the letter of inquiry.The client's audit committee and legal counsel may also have a conversation about what items are considered individually or collectively material to the financial statements. The audit committee may even put in place a formal policy on the matter of materiality levels for the purpose of litigation, claims, and assessments.
The SEC and PCAOB require that auditors obtain a legal representation letter from the company. In this letter, the company agrees to tell the auditor of any lawsuits that are not disclosed in the financial statements but would have a material impact on the financial statements if they were disclosed. In this way, legal counsel can limit their response to an auditor's inquiry by simply stating that they have no knowledge of any undisclosed lawsuits that would have a material impact on the financial statements.
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a A rocket shoots up 123 meter
i. What is its initial velocity -
Answer:
Initial Velocity= 49 m/s
Time period= 5 secs
Explanation:
THIS IS THE COMPLETE QUESTION BELOW
A rocket shoots up 123 meters. What is it initial velocity?How long is it ascending
The initial velocity can be calculated using the expression below
u= √( 2gh)
Where g= Acceleration due to gravity= 98 m/s^2
h= height
Substitute the values we have
u = √(2*9.8*123)
u=√( 2410.8)
u = 49 m/s
the time period can be calculated as
(49/9.8)
= 5 sec
Hence time period is 5 secs
Describe how surveillance of our telephones has changed over the years. explain what is different about how silicon valley companies have built their networks and what it means for the general public and law enforcement? explain why it is risky for tech companies to build a "backdoor". soghoian poses the question, "should billions of people be using devices that are wire-tap friendly?" explain why you think our devices should or should not be wiretap friendly.
Answer:
All communication way back used to be wiretapped, but now companies have been able to encrypt their data for protection of their information against wiretapping.
Companies like silicon valley has taken the bold step in securing their data from been hacked.
The back door is risky because if a person or people exposes their information to others, their information will be at risk because of hackers who might exploit their privacy or sensitive documents.
Finally, the idea of devices to be wiretapped is not a good idea, because most people want heir privacy, for this it is termed illegal to access one's privacy without the authorization from the person.
Explanation:
Solution
Before now all communication used to be wiretapped. presently, companies are encrypting data , for the purpose of this data to not be easily wiretapped.
Silicon valley companies have secured their devices through encryption unlike other companies. what this implies is that it will be tough for police to arrest criminals, but the normal or average people will have capacity to communicate or interact much better.
The back door method is risky because, presently in today's world there are people that are specialist in hacking, so if no backdoor exist, then there will be no room for anyone to hack into someone's phone.
It is considered a risk if your phone is exposed to others to easily access your private information.
I don't like the idea for devices should be wiretapped, this is because people need their privacy, they can't have that when their phones are wiretapped.
In general it is illegal and not right.
Answer:
Describe how surveillance of our telephones has changed over the years. It was originally manual, wires were connected by hand, and calls were recorded by tape. Now servalinec features are built into the networks and are now no longer needed to be done manually.
Explain what is different about how Silicon Valley companies have built their networks and what it means for the general public and law enforcement? Silicon Valeys have built strong encryption technology into their communication products. Which makes surveillance extremely difficult. This means for the general public and law enforcement that their communications cannot be easily wiretapped.
Explain why it is risky for tech companies to build a “backdoor”. When a backdoor is created in a communications network or piece of technology, there is now way of knowing who would use it. There is no way of knowing if it would be used by good guys or bad guys.
Soghoian poses the question, “Should billions of people be using devices that are wire-tap friendly?” Explain why you think our devices should or should not be wiretap friendly. I don't like the idea that devices should be wiretapped, this is because people need their privacy, they can't have that when their phones are wiretapped.
Explanation:
edg
Factory Worker
A. Natural Resource
B. Human Resource
C. Capital Resource
Answer:
B. Human Resource
Explanation:
The functions and responsibilities of a factory worker differ depending on the workplace. A factory Worker may operate machinery and tools, work on a production line, clean and repair equipment, or work as required.
Factory Workers work in manufacturing or processing facilities, are good with their hands, and execute repetitive duties. Factory workers are hence are a human resource.