Answer:
Fiscal and Monetary policies
Explanation:
Monetary policies are the activities by the Federal Reserve(central bank) of regulating and controlling the money supply in the economy. Some of the monetary policies the central bank uses include the federal fund rate, the discount rate, reserve requirements, interest on reserves, and the open market operations. The objective is to influence the economic growth rate and stabilize prices.
Fiscal policies refer to the government decisions on spending and taxation to achieve the desired macroeconomic goals. An increase or decrease in government spending and taxation have a great impact on economic activities. Fiscal policies are combined with monetary policies to drive the economy in the intended direction.
Discount Department Stores is a national retail chain. The company had one large, central warehouse. At the suggestion of the risk manager, the company decided to build four smaller regional warehouses so that a loss at the central warehouse would not be a catastrophic blow to the company's distribution system. Splitting the inventory between four regional warehouses illustrates which risk management technique
Answer:
Brainliest pls
Explanation:
loss reduction
II- M == ¹= a₁ + a₂Y+ α³R + α; P+u (1) MB1 + B₂Y + e (2) M = M³= M* (3) In this system of equations, Mª represents money demand, M³ money supply, Y national income, R interest rate, and P
In the given system of equations,$M_d$ represents the money demand and it depends on four variables: national income, price, interest rate and a random error term.
$M_b$ represents the supply of money and it depends on two variables, national income and a random error term.$M_s$ is the amount of money supplied by the central bank, which is assumed to be equal to the demand for money. Equation (1) represents the demand for money and it is a linear equation in $Y$ and $R$. $a_2$ is the marginal propensity to hold money and $α_3$ is the sensitivity of money demand to changes in the rate of interest.
Equation (2) represents the supply of money and it is also a linear equation in $Y$. $B_2$ is the marginal propensity to supply money.The equation (3) is a simple assumption, which states that the supply of money is equal to the demand for money.In the long run, the central bank can control the supply of money, but in the short run, the demand for money depends on a number of factors, such as income, price level, and interest rate.In summary, the given system of equations is a simple model of the money market, which assumes that the demand for money depends on income, price level, and interest rate, while the supply of money depends on income.
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Answer:
ja. what do you want to ask?
Answer:
Am sorry but there is no question please
Suppose a consumer with an income of $100 is faced with px = $1 and py = $0.50. what is the market rate of substitution between good x (horizontal axis) and good y (vertical axis)?
Given the prices of good x and good y, the market rate of substitution is 2, indicating the consumer's willingness to trade 2 units of good y for one unit of good x. The MRS represents the relative value placed on the two goods in consumption decisions.
The market rate of substitution (MRS) between good x and good y can be calculated by taking the ratio of their prices, specifically px divided by py. In this case, the price of good x is $1 and the price of good y is $0.50, so the MRS would be 1/0.50 = 2.
Therefore, the market rate of substitution between good x and good y is 2. This means that the consumer is willing to give up 2 units of good y for an additional unit of good x, while keeping the same level of satisfaction, given the relative prices of the goods.
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A sports coach running a junior coaching programme was interested in examining the differences in children's fitness performance scores across four different coaching regimes. She was particularly interested in whether the regime the child was in had a possible influence on the child's fitness performance score. She ran an ANOVA with the predictor variable 'coaching regime', which had four categories, 'Yellow group', 'Green group', 'Pink group' and 'Purple group'; the outcome variable was 'fitness performance score'. Her ANOVA had an F-statistic of 98.12 (p 0.02). How would you interpret her findings?
Answer:
A sports coach running a junior coaching programme was interested in examining the differences in children's fitness performance scores across four different coaching regimes. She was particularly interested in whether the regime the child was in had a possible influence on the child's fitness performance score. She ran an ANOVA with the predictor variable 'coaching regime', which had four categories, 'Yellow group', 'Green group', 'Pink group' and 'Purple group'; the outcome variable was 'fitness performance score'. Her ANOVA had an F-statistic of 98.12 (p 0.02). How would you interpret her findings?
Explanation:
a entry to a liability account decreases the account balance
Answer:
Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance.
Explanation:
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,000 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $50. The cost of each light is $1. The holding cost is $0.10 per light per year.
Answer:
The right solution is:
(a) 4,272 units
(b) $134.16
(c) $134.17
(d) $12,268.33
Explanation:
Seems that the given question is incomplete. The attachment of the complete question is provided below.
According to the question, the values are:
Annual demand,
D = 12,000
Number of days,
= 300
Daily demand,
d = \(\frac{12000}{300}\)
= 40
Production rate,
P = 100
Ordering cost,
S = $50
Holding cost,
H = $0.10
(a)
The production run's optimal size will be:
Q = \(\sqrt{\frac{2DS}{H(1-\frac{d}{P} )} }\)
By putting the values, we get
= \(\sqrt{\frac{2\times 12000\times 50}{0.10\times (1-\frac{40}{100} )} }\)
= \(\sqrt{20,000,000}\)
= \(4,471.14\)
or,
= \(4,472 \ units\)
(b)
The average holding cost will be:
= \(\frac{Q}{2}\times H\times [1-\frac{d}{P} ]\)
= \(\frac{4472}{2}\times 0.10\times [1-\frac{40}{100} ]\)
= \(134.16\) ($)
(c)
The average setup cost will be:
= \(\frac{D}{Q}\times S\)
= \(\frac{12000}{4472}\times 50\)
= \(134.17\) ($)
(d)
The total cost per year will be:
= \(Avg. \ holding \ cost+ Avg. \ setup \ cost+Cost \ of \ purchase\)
= \(134.16+134.17+(1\times 12000)\)
= \(12,268.33\) ($)
Nora wants to participate in an unpaid internship at an accounting firm this summer. Her parents want her to get a job bagging groceries at a local store.
Why would Nora MOST likely prefer an unpaid internship opportunity to a paying job?
A. Nora wants to graduate from college earlier than her peers.
B. Nora wants to engage in experiential learning in business.
C. Nora wants to practice writing her resume and cover emails.
D. Nora wants to learn about not-for-profit businesses.
Answer: B
Explanation: Nora, I believe, wants to engage in business experiential learning because she would not pass up a paying opportunity for no reason. Furthermore, the benefits of unpaid internships, such as beginning to build your professional network, developing skills, and receiving valuable feedback from professionals, can help predict whether she will enjoy her future profession and help her in a variety of ways.
In my perspective, Nora desires to take part in the business experiential education.
How would you define business?A person is conducting business when they create goods or offer services with the goal of making a profit. Business Definition. A enterprise is a creative organization or team that partakes in professions. They might be professional, corporate, or any other type else.
What is an example of a business?An economic institution known as a business produces and/or distributes goods and services with the goal of making money and accumulating wealth. Whatever the type of business entity, such as a sole proprietorship, a Hindu undivided household, or a limited partnership.
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what was the first company that used santa claus in advertising?
Explanation:
I think it's coca cola company
is it?
What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
PLZ, I NEED THIS ANSWER ASAP CANT MOVE IN WITHOUT IT Dean is taking a personal assessment and notices that many of his interests involve the reading and creation of language arts and poetry. What career cluster will the assessment most likely indicate to be fitting for Dean? Technology Art and Performance Legal Public Service
Answer:
B -art and performance
Explanation:
Because, his interest were language arts and poetry and no other option even remotely, he resembles a similarity.
At the time of taking the personal assessment, the topics that will be covered by the Dean per their interest will cover the art and performance, which are based on the interests that he pursues. Hence, Option B is correct.
What is personal assessment?
A kind of test that is conducted by a higher authority or a psychologist for measuring the characteristics of a personality is known as the personal assessment. The data that is collected at the end of the test will be evaluated, and on the basis of that, further treatment will be given by the psychologist.
If the personal assessment is done by a higher authority like a dean or a teacher or a professor, then the result that is generated after the assessment will be used as a progress report for the student and would be suggested to practice in the area where there is need of the progress.
Thus, Option B is correct.
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Based upon the current state of the art of robotics applications, which industries are most likely to embrace robotics? why?
Based on the current state of the art of robotics applications, health care, and medical devices are most likely to embrace robotics.
Robotics are anywhere from science fiction in your local health center, where they're converting healthcare. For the maximum element, those robots resemble R2D2 from celebrity Wars more than they do a humanoid, but they're making a large effect on the sector of drugs. Robots in medication help by means of relieving medical employees from recurring obligations, that take their time far from more urgent responsibilities, and by way of making medical tactics safer and less luxurious for sufferers. They also can perform accurate surgery in tiny places and transport dangerous substances.
Medical robots will play a growing position in fitness care — aiding with complicated surgical tactics, increasing performance inside pharmacies, supplying assistance in rehabilitation therapy, and paving the way for sanatorium automation.
According to BIS Research, surgical robotics systems accounted for the very best share of the scientific robotics marketplace. clinical robots assist surgeons to carry out with more accuracy, using smaller incisions and reducing the danger to patients.
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define higher level profession
Discuss the concept of liquidity black hole. Are Hedge funds
good or bad for the liquidity of the markets?
[25 marks]
The concept of a liquidity black hole refers to a situation in which market participants face extreme difficulties in buying or selling assets due to a lack of liquidity.
Hedge funds can have both positive and negative effects on market liquidity, depending on various factors such as their investment strategies, market conditions, and risk management practices.
A liquidity black hole occurs when there is a significant reduction in market liquidity, making it challenging for investors to execute trades at reasonable prices. This situation can arise during periods of financial stress, market disruptions, or when market participants rush to exit positions simultaneously. The lack of liquidity can lead to increased price volatility and limited market depth, exacerbating the challenges faced by investors.
However, hedge funds can also pose risks to market liquidity. Strategies that involve concentrated or illiquid positions, excessive leverage, or herding behavior can amplify market volatility and reduce liquidity. In times of stress or during market downturns, hedge funds may face significant redemption pressures, leading to forced selling and further straining market liquidity.
Ultimately, the impact of hedge funds on market liquidity depends on their overall behavior, risk management practices, and the prevailing market conditions. While some hedge funds contribute positively to liquidity provision, others may exacerbate liquidity challenges, especially during periods of market stress. Therefore, it is essential for regulators and market participants to monitor hedge fund activities and ensure adequate risk management practices to maintain a balanced and healthy market liquidity environment.
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A firm has a cost of equity of 13%, a cost of preferred of 11%, an after-tax cost of debt of 5.2% and a tax rate of 35%. Given this, which one of the following will increase the firm's weighted average cost of capital? a. Redeeming shares of common share ob. Increasing the firm's tax rate Oc. Increasing the firm's beta
Increasing the firm's tax rate and Increasing the firm's beta will help in increasing the firm's weighted average cost of capital.
What is WACC?The weighted average cost of capital (WACC) is calculated by taking the weighted average of the cost of equity, cost of debt, and cost of preferred. The weights are determined by the proportion of each type of financing in the firm's capital structure.
To calculate the WACC, we first need to determine the weights for each type of financing.
Assuming that the firm's capital structure is made up of 60% equity, 10% preferred, and 30% debt, the weights would be:
Equity: 60%
Preferred: 10%
Debt: 30%
Now we can calculate the WACC using the following formula:
WACC = (Equity weight x Cost of equity) + (Preferred weight x Cost of preferred) + (Debt weight x After-tax cost of debt)
WACC = (0.60 x 13%) + (0.10 x 11%) + (0.30 x 5.2%)
WACC = 7.8%
To answer the question, we need to see which option will increase this WACC.
a. Redeeming shares of common share - This would decrease the equity weight in the capital structure, which would decrease the overall weight of the cost of equity in the WACC calculation. Therefore, redeeming shares of common shares would not increase the WACC.
b. Increasing the firm's tax rate -
This would increase the after-tax cost of debt, which would increase the overall weight of the after-tax cost of debt in the WACC calculation. Therefore, increasing the firm's tax rate would increase the WACC.
c. Increasing the firm's beta -
Beta measures a stock's volatility in relation to the market. An increase in beta would increase the perceived risk of the stock and therefore increase the cost of equity. This would increase the overall weight of the cost of equity in the WACC calculation. Therefore, increasing the firm's beta would increase the WACC.
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Michelle docker has selected a Sonic Electric toothbrush that is on sale for 25% off. She also has a store coupon that reads "Take 15% off any already reduced price." How much will she pay for the toothbrush if she was originally Priced 79.99? What is the rate of Reduction?
The rate of reduction on the Sonic Electric toothbrush is 36.25%.
What is the rate of reduction?A sale and a coupon would reduce the price of an item.
Price of the toothbrush after the sales discount = original price x (1 - reduction)
$79.99 x (1 - 0.25)
$79.99 x 0.75 = $59.99
Now, we would determine the price of the toothbrush after the coupon has been used.
Price after coupon = reduced price x ( 1 - 0.15)
$59.99 x 0.85
= $50.99
Rate of reduction = [( final reduced price / original price)] - 1 x 100
[(50.99 / 79.99)] - 1 x 100 = 36.25%
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Which of the following can be used by an accountant to counter liability imposed under Section 11(a) of the Securities Act of 1933?
A.the Ultramares doctrine
B.the foreseeability standard
C.
D.the due diligence defense
Which of the following is true of a Form U-7?
A.It must be completed by the issuee before purchasing securities.
B.It doubles as a prospectus.
C.It can only be used for raising more than $1 million through sale of securities.
D.It is available to both domestic and foreign companies.Incumbent directors are the former directors of a corporation.
A.TrueB.False
An accountant can counter liability imposed under Section 11(a) of the Securities Act of 1933 with the help of the due diligence defense. Option D - The due diligence defense
The due diligence defense can be used by an accountant to counter liability imposed under Section 11(a) of the Securities Act of 1933. The due diligence defense is an affirmative defense that can be used to minimize or avoid liability in the event of a lawsuit.
Section 11(a) of the Securities Act of 1933 establishes civil liability for misstatements or omissions in the registration statement or prospectus in connection with an issuance of securities. However, if an accountant can demonstrate that they conducted adequate due diligence and made a good-faith effort to ensure the accuracy of the information contained in the registration statement or prospectus, they may be able to avoid liability.
The other options are incorrect:
Option A: The Ultramares doctrine is a legal principle that restricts the ability of third parties to sue accountants for negligence. It cannot be used by an accountant to counter liability imposed under Section 11(a) of the Securities Act of 1933.
Option B: The foreseeability standard is a legal principle used in tort law to determine whether a defendant is liable for the harm suffered by a plaintiff. It is not applicable in this case.
Option C: There is no option C in the question. Moving on to the second question.
Which of the following is true of a Form U-7?B - It doubles as a prospectus.
A Form U-7 is also known as the Uniform Application to Register Securities. It is a form used by issuers of securities to register securities with state securities regulators. The form requires issuers to provide detailed information about the securities being offered, as well as information about the issuer itself
A Form U-7 also doubles as a prospectus, which is a legal document that provides information about security being offered for sale to the public. The prospectus includes information such as the price of the security, the risks associated with the investment, and the financial condition of the issuer.
The other options are incorrect:
Option A: Form U-7 is completed by the issuer of securities, not the issue.
Option C: There is no requirement that the amount raised through the sale of securities exceed $1 million in order to use Form U-7.Option D: Form U-7 is only available to domestic companies. It cannot be used by foreign companies.
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Emily just got a car. She needed insurance, so she has purchased the insurance and pays the premium. Who is Emily in this scenario? A. the person with power of attorney B. the insurer C. the policyholder D. the rider
Answer:
Policy holder
Explanation:
There is no power of attorney needed nor mentioned in the problem. The insurer is the one who sells the policy. The rider doesn’t have to have insurance so that is irrelevant.
Answer:
Policy Holder
Suppliers deliver product to restaurants on a regular schedule throughout the week. You are responsible for checking delivery or having another staff person do so. What are key things to look for?
a) Is the quality up to your standards?
b) Damaged and unsellable items
c) is anything missing from the invoice?
d) Incorrect items
e) All of the above
Answer: e) All of the above
Explanation:
Maria is a recruiter with a bachelor's degree in business administration. She is well respected among her peers for her professional standards and understanding of the HR field. However, she has noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. The most likely reason for this is because Maria:________.
Group of answer choices.
A. Is not warm enough to the applicants.
B. Is perceived as less credible because she is an HR specialist.
C. Does not give applicants enough information, leaving them with more questions than answers.
D. Comes off as being too professional for someone in the HR field.
E. Is not approaching the candidate with enough skepticism.
Answer:
B. Is perceived as less credible because she is an HR specialist.
Explanation:
Human resources (HR) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of managing and improving the welfare and working conditions of the employees working in an organization.
In this scenario, Maria is well respected among her peers for her professional standards and understanding of the HR field. She noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. Thus, the most likely reason for this is because Maria is perceived as less credible because she is an HR specialist and as such is considered not to have a deep understanding of the field of engineering to recruit a qualified and experienced candidate.
The aging of accounts receivable recognizes that an account is more likely to
become uncollectable as it gets.
A. delinquent
B. smaller
о
C. larger
O D. older
—
SUBMIT
Answer:
D. Older
Explanation:
The longer it takes, the less likely it will be paid. People who care about their credit pay it off as soon as possible. If they do not care, they know the unpaid debt will likely fall off of their credit report after 7 years depending on the situation
The aging of accounts receivable recognizes that an account is more likely to become uncollectable as it gets older.
Hence, the answer is D. older.
The aging of accounts receivable is a process of classifying accounts receivable according to the length of time they have been outstanding. Accounts that are older are more likely to become uncollectible because the customer has had more time to default on the payment.
Option A, delinquent, is incorrect because it is not the only factor that determines whether an account is likely to become uncollectible. The age of the account is also a significant factor.
Option B, smaller, is incorrect because there is no correlation between the size of an account and its likelihood of becoming uncollectible.
Option C, larger, is incorrect for the same reason as option B.
Therefore, the answer is D. older.
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When a buyer purchases a property that has an existing mortgage loan, the buyer does not add his or her signature to the note, meaning the buyer does not take on any personal liability. In this case, the buyer is said to:
When a buyer purchases a property that already has an existing mortgage loan, the buyer is essentially taking on the responsibility of paying off the remaining balance on the loan. However, the buyer does not need to add their signature to the note, which means that they do not take on any personal liability for the debt. This scenario is known as an assumption.
An assumption is a process where the buyer takes over the existing mortgage loan of the seller, without the need to obtain a new loan. This process can occur in various situations, such as when the seller wants to sell their property but still has an outstanding mortgage on it. In this case, the buyer can assume the mortgage and take over the payments, which helps to simplify the buying process.
Assuming a mortgage can be beneficial for both the buyer and the seller. For the buyer, they do not have to go through the lengthy process of obtaining a new mortgage, which can be time-consuming and stressful. Additionally, the terms of the existing mortgage loan may be more favorable than what the buyer could obtain on a new loan.
For the seller, an assumption can make their property more attractive to potential buyers, as it can make the buying process smoother and quicker. Additionally, if the seller has a low-interest rate on their mortgage, the buyer can assume that rate, which could make the property more desirable.
In conclusion, when a buyer purchases a property with an existing mortgage loan and does not add their signature to the note, they are said to have assumed the mortgage. This process can be beneficial for both the buyer and the seller, as it can simplify the buying process and provide favorable loan terms.
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Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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Company a has beanbag chairs and large tables instead of traditional office furniture. employees are encouraged to play games with each other and think outside of the box. working together is highly valued. company b employees wear suits and ties. there is a formal meeting every morning led by the president of the company. employees are given tasks and expected to complete them on time. employees work alone instead of on teams. the companies described above are very different when it comes to which characteristic of an organization? a. division of labor b. culture c. rules
The comparisons above mentioned are very different in reference to the cultural characteristic of an organization (Option b).
What is culture organization?The expression 'culture organization' makes reference to the methods and strategies based on shared assumptions.
This characteristic (culture organization) may shape decisions in a given company.In conclusion, the comparisons above mentioned are very different in reference to the cultural characteristic of an organization (Option b).
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the additional cost resulting from a small increase in some activity is called the
The additional cost resulting from a small increase in some activity is called the marginal cost.
Marginal cost refers to the additional cost incurred by producing or engaging in one more unit of an activity. It represents the change in total cost when there is a small increase in the level of output, sales, or any other activity.
The concept of marginal cost is based on the principle of diminishing returns, which states that as the production or activity level increases, the additional output or benefit gained from each additional unit diminishes while the cost of producing that unit increases.
By calculating the marginal cost, businesses can assess the incremental cost-effectiveness of producing additional units or engaging in additional activities. It helps in making decisions about production levels, pricing, resource allocation, and optimizing operational efficiency.
The additional cost resulting from a small increase in some activity is called the marginal cost. Understanding and considering the marginal cost is essential for businesses to make informed decisions regarding resource allocation and activity levels.
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19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio
Answer:
Internet
Explanation:
Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.
Do banks use your money?.
They do use the funds you deposit to balance their books and meet the required cash reserves, which allow them to make those loans.
What are the functions of banks?A bank's function is to collect public deposits and lend them for the development of agriculture, industry, trade, and commerce. The bank pays lower interest rates to depositors and receives higher interest rates on loans and advances from them.Although banks do a variety of things, their primary function is to accept funds from those who have money, pool them, and lend them to those who need money. Banks act as intermediaries between depositors (those who lend money to the bank) and borrowers (to whom the bank lends money).Every dollar you keep in your savings account is rewarded by the bank. The money you get from the bank is known as interest.To learn more about banks refer to :
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Use the following information for questions 22-25. Dhahran Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of January Inventory, January 1 € 160,000 Sales (gross) €1,000,000 Purchases (gross) 640,000 Sales returns 70,000 Freight-in 30,000 Purchases returns 30,000 Freight-out 30,000 22. Compute the Goods available for sales, assuming that the gross profit is 25% of sales. 818,000 $788,000. b. $800,000 c. $818,000 d. $830,000. a 23. Compute the cost of goods sold, assuming that the gross profit is 25% of sales. 818,000 a. 5675,000. b. $697,500 c. $800,000 d. 5830,000 24. Compute the estimated inventory at January 31, assuming that the gross profit is 25% of sales. 143,000 25. $74,000. 26. S120,500 c. S125.000 d. 580,000. 27. Compute the estimated inventory at January 31, assuming that the gross profit is 25% of cost 574,000 b. S120,500 c. $125,000 d. 580,000
Using the gross profit method and given the provided information, the Goods available for sales amount is €818,000, the cost of goods sold is €697,500, and the estimated inventory at January 31 is €143,000.
22. To compute the Goods available for sales, we start with the beginning inventory of €160,000, add the purchases of €640,000, and subtract the purchases returns of €30,000. Therefore, the Goods available for sales is €160,000 + €640,000 - €30,000 = €770,000.
23. To calculate the cost of goods sold, we multiply the net sales (€1,000,000 - €70,000) by the gross profit percentage (25% or 0.25). Therefore, the cost of goods sold is (€930,000) x 0.25 = €232,500.
24. To estimate the inventory at January 31, we subtract the cost of goods sold (€697,500) from the Goods available for sales (€818,000). Therefore, the estimated inventory at January 31 is €818,000 - €697,500 = €120,500. 25. The estimated inventory at January 31, assuming the gross profit is 25% of cost, would be the same as the estimated inventory using the gross profit method, which is €120,500.
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If an asset has a readily available and reliable market price, which measurement principle is most appropriate for recording the value of that asset?.
The measurement principle which is the most appropriate for the recording of value for a readily available asset is an asset valued by the fair value principle.
What is Market Price?This refers to the current value for which a particular good is at for sale in a market system which can be determined by different factors.
With this in mind, we can see that for a readily available asset, then the measurement principle used for it is the fair value principle.
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