while taking a physical inventory, a company counts their inventory as less than the actual amount on hand. how will this error affect the income statement?
Answers
If a company counts their inventory as less than the actual amount on hand while taking a physical inventory, it will lead to an overstatement of the cost of goods sold and an understatement of the gross profit on the income statement.
If a company counts their inventory as less than the actual amount on hand during a physical inventory, it will result in a higher cost of goods sold (COGS) and lower gross profit. This is because the cost of goods sold is calculated by subtracting the ending inventory from the cost of goods available for sale, and a lower ending inventory value will lead to a higher cost of goods sold.
In addition, if the company uses the periodic inventory system, the error in the inventory count will also affect the number of purchases recorded during the period, which in turn will affect the calculation of the cost of goods sold.
Overall, the error will have a negative impact on the company's profitability and financial statements, as it will result in lower gross profit and potentially a lower net income.
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Related Questions
What are the remedial measures of unemployment in nepal?explain
Answers
a musical instrument manufacturer is considered the best in the industry in terms of human resource management and its excellent supply chain that assures the company will deliver products on time. which macro strategy does this company demonstrate to achieve a sustainable competitive advantage?
Answers
Operational excellence is the plan for Niro music to gain a competitive advantage.
Early in the 1970s, Dr. Joseph M. Juran introduced the concept of operational excellence while educating Japanese industry leaders on how to improve quality. It was defined in the United States in the 1980s in reaction to "the crisis" experienced by large, established firms, whose market share was decreasing as a result of high-quality items imported from Japan.
An excellent workplace culture can be fostered using certain strategies and ideas that are part of the operational excellence style of thinking. Each employee must be able to recognise, provide for, and improve the flow of value to a client for there to be operational excellence.
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The area of accounting that provides external users with information is called _____.
a. managerial accounting
b. financial accounting
c. tax accounting
d. None of these choices are correct.
Answers
An object with a height of 2.58 cm is placed 36.2 mm to the left of a lens with a focal length of 33.3 mm.Where is the image located?
Answers
The image of an object with height of 2.58cm which is placed 36.2mm left of the lens is located approximately 415.42 mm to the right of the lens.
To determine the image location of an object with a height of 2.58 cm placed 36.2 mm to the left of a lens with a focal length of 33.3 mm, we will use the lens formula:
1/f = 1/u + 1/v
where f is the focal length, u is the object distance, and v is the image distance.
In order to calculate the location of the image follow these steps:Step 1: Convert all measurements to the same unit (millimeters).
Object height: 2.58 cm = 25.8 mm
Object distance (u): 36.2 mm
Focal length (f): 33.3 mm
Step 2: Plug the values into the lens formula.
1/33.3 = 1/36.2 + 1/v
Step 3: Solve for v (image distance).
1/v = 1/33.3 - 1/36.2
1/v ≈ 0.030030 - 0.027624
1/v ≈ 0.002406
Now, take the reciprocal to find v:
v ≈ 1 / 0.002406
v ≈ 415.42 mm
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A startup is considering buying a $340,000 piece of equipment.
If it purchases the equipment, it will take a loan for the entire
amount; the interest on the loan is 2%, and the loan will be repaid
in
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A startup considering purchasing a $340,000 piece of equipment should calculate the total amount to be repaid on the loan.
The interest on the loan is 2%. Also, the startup must calculate if the revenue from using the equipment will cover the cost of the loan before repaying it. The startup should determine whether to purchase or not based on the cost of the equipment and revenue generated by it. Additionally, the startup should research and analyze the pros and cons of purchasing vs. leasing or the renting the equipment to help them make a more informed decision about the investment in the equipment.
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Kelly, a production supervisor, is responsible for ten employees who assemble components into a finished product. Kelly is a
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Kelly is the first line manager.
What is first line manager?First-line managers are the entry level of management, the individuals “on the line” and in the closest contact with the workers. They are directly responsible for making sure that organizational objectives and plans are implemented effectively.
They can be assistant managers, foremen, shift managers etc. they look after the internal issues of the organization.
Thus the Kelly who is held as a production supervisor, is responsible for 10 employees for assembling the components into finished product refers to the First line managers.
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Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
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Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
Roster Co. adjusts its Allowance for Doubtful Accounts at year end. The general ledger balances for the Accounts Receivable and the related allowance account before adjustment were $1,500,000 and $45,000, respectively. Roaster estimates its necessary balance in its Allowance for Doubtful Accounts as 4% of the Accounts Receivable balance. What amount should Roaster record as an adjustment to its Allowance for Doubtful Accounts at year end
Answers
Answer:
"$15,000" is the appropriate answer.
Explanation:
Debts opening balance,
= $45,000
According to the question,
The allowance to be created for the doubtful accounts will be:
= \(1500000\times 4 \ percent\)
= \(1500000\times 0.04\)
= \(60,000\) ($)
hence,
The balance amount to be created will be:
= \(60000-45000\)
= \(15,000\) ($)
what is the total amount of assets invested in apple in the current year? 2. what is apple's return on assets for the current year? 3. how much are total expenses for apple for the current year? 4. is apple's current-year return on assets better or worse than competitors' average of 10% return?
Answers
Apple's total assets for the current year amount to $21,650 million. The return on assets for the current year is 2.23%, which is worse than the competitors' average of 10%. Total expenses for Apple in the current year are $180,883 million.
1. Total assets are the amount of money that a company has tied up in property, inventory, investments, and cash. It reflects how much money is invested in the company. To determine Apple's total assets for the current year, we need to subtract total liabilities from the sum of current and prior-year liabilities and equity. Current Year's total assets = $375,319 - ($375,319 - $321,686 + $48,351 - $45,687) = $375,319 - $353,669 = $21,650 million. The total amount of assets invested in Apple in the current year is $21,650 million.2. Return on assets (ROA) is a metric that measures a company's efficiency in generating profit from its assets. The formula for ROA is: ROA = Net income / Total assets. In the current year, Apple's net income is $48,351 million. From the previous question, we know that Apple's total assets are $21,650 million.ROA = $48,351 million / $21,650 million = 2.23%. Therefore, Apple's return on assets for the current year is 2.23%.3. Total expenses are the sum of all the costs incurred by a company to produce and sell its products or services. To calculate Apple's total expenses for the current year, we need to subtract net income from revenues. Current Year's total expenses = $229,234 million - $48,351 million = $180,883 million. The total expenses for Apple for the current year are $180,883 million.4. Apple's current-year return on assets is 2.23%. If we compare this to competitors' average return of 10%, we can say that Apple's return on assets is worse than the average. A return on assets of 2.23% means that Apple is generating $0.0223 of profit for every dollar of assets invested in the company. On the other hand, competitors are generating $0.10 of profit for every dollar of assets invested in the company. This indicates that Apple's management needs to improve its efficiency in generating profit from its assets and find ways to increase its return on assets.Apple's current-year return on assets is lower than competitors' average return of 10%, which indicates that Apple is not utilizing its assets efficiently. Apple's management needs to take measures to increase its return on assets by increasing revenue, reducing expenses, or optimizing the use of its assets. Improving efficiency and increasing return on assets is crucial for Apple to remain competitive in the market.For more questions on assets
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The correct question would be as
Key financial figures for Apple's two most recent fiscal years follow. $ millions Liabilities + Equity Net income Revenues Current Year $375,319 48,351 229,234 Prior Year $321,686 45,687 215,639 Required: 1. What is the total amount of assets invested in Apple in the current year? 2. What is Apple's return on assets for the current year? 3. How much are total expenses for Apple for the current year? 4. Is Apple's current-year return on assets better or worse than competitors' average of 10% return? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What is the total amount of assets invested in Apple in the current year? Total amount of assets (in $ millions) What is Apple's return on assets for the current year? (Round your percentage answer to 1 decimal place.) Return on assets % How much are total expenses for Apple for the current year? Total expenses (in $ millions) Is Apple's current-year return on assets better or worse than competitors' average of 10% return? Apple's current-year return on assets
Even though the nation faces political instability, the island of Pantay with its wide, expansive beaches is a destination hub for cruise lines. Recently, a large theme park company showed strong interest in buying land in Pantay with the intent of building a park targeted toward families. The company wants to make a commitment to Pantay, including the hiring of several hundred local employees. The company is using a global marketing strategy called
Answers
Answer: Foreign Direct Investment
Explanation:
Foreign Direct Investment is a type of investment into a country where the foreign investor establishes a presence by actually running and operating a company in the domestic country.
This is what the large theme park wants to do in Pantay. By making a commitment and hiring hundreds of locals, the company is intent on running a company on the island so this is Foreign Direct Investment.
The company that used the global marketing strategy is known as foreign direct investment.
The information regarding the foreign direct investment is as follows:
It is the acquisition of the interest in the company from a company or an investor that should be located outside of its borders. It refers to the business decision for purchasing the stake in the foreign business or purchase them outright for expanding the operations to the new region.Therefore we can conclude that the company that used the global marketing strategy is known as foreign direct investment.
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Which of the following is true about fixed and adjustable-rate mortgages?
A. Fixed-rate mortgages have a constant payment every month, but an interest rate that increases during the term of the loan.
B. They work the same way but are called different names depending if they come from a bank or a credit union.
C. Fixed-rate mortgages have a fixed interest rate for a short period, but then the interest rate fluctuates, which can lead to higher or lower interest rates for the homeowner.
D. Adjustable-rate mortgages have a fixed interest rate for a short period, but then the interest rate fluctuates, which can lead to higher or lower interest rates for the homeowner.
Answers
The Fixed-rate mortgages have a constant payment every month, but an interest rate that increases during the term of the loan is true about the fixed and adjustable-rate mortgages.
What is the mortgage rate?The interest rate that is charged on a mortgage of anything is known as the mortgage rate. Here, the mortgage rates are set up by the investor and can be fixed or variable.
Borrowers' mortgage rates also displace that is fully depending on their credit history. Fixed-rate mortgages have a consistent monthly payment, although both fixed and adjustable-rate mortgages have an interest rate that rises throughout the length of the loan.
The interest rate on a fixed-rate mortgage does not fluctuate with each installment payment, this is the case, so the fixed-rate mortgages have a constant payment every month.
Therefore, this changes to an investor to set a payment plan that is consistent throughout the loan's life. so, option A is correct.
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In arbitration, what do leaders of the labor union and the representatives of company management agree to?
A. to bring a third party into their negotiations who has the ability to make binding decisions
B. to negotiate with one another and to understand that management reserves the right to make binding decisions for both parties
C. to bring a third party into their negotiations who will help them negotiate, but who does not have the power to make binding decisions
D. to negotiate with one another and to understand that the labor union reserves the right to make binding decisions for both parties
Answers
A. to bring a third party into their negotiations who has the ability to make binding decisions.
In arbitration, the parties involve usually appoint a third party who is impartial and who listen to both parties’ positions and arguments. Parties opt for a private dispute resolution procedure instead of going to court to settle their dispute.
In some cases, witnesses are called to give oral testimony and documentary evidence are collected where applicable with a view to resolving the dispute.
It is to be noted that parties to arbitration generally agree in advance that the resulting award will be final and binding upon them in an arbitration.
APR, a rate advertised by ___ is typically ___ than APY
A) lenders; higher
B) borrowers; higher
C) borrowers; lower
D) lenders; lower
answer: D
Answers
APR, a rate advertised by lenders is typically lower than APY. The correct answer is D.
What is APR?APR is an acronym for annual percentage rate, it is considered as a cost of borrowing money which is calculated on a percentage that any individual pay each year on their loan. It does not only include the rate of interest but also the fees you must pay to obtain the loan.
APY is an acronym for annual percentage yield, which is considered the actual rate of return on the investment after considering the effect of investment returns.
APR is a rate advertised by lenders that is typically lower than APY as the cost of overall borrowing is lower, and the accounts of APR are also lower. If the difference between APR and APY is higher, the frequency with which interest compounds also increases.
Therefore, option D lenders and lower is the appropriate answer.
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a fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a __________ plan.
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There are different types of benefit plan. A fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a cafeteria-style plan.
Fringe Benefits is simply regarded as Benefits such as sick-leave pay, vacation pay, pension plans etc., that stands for an additional compensation given too an employees that is far above base wages.
A cafeteria-style plan is a plan that gives employees coverage of expenses in cases like prescription medicine through the withholding of a part of their pre-tax salary.
Employers do gain through the use of these plans as they will not pay FICA on cafeteria-style benefits plans.
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CitiBank recorded the number of cutomer to ue a downtown ATM during the noon hour on 32 conecutive workday. 25 37 23 26 30 40 25 26 39 32 21 26 19 27 32 25 18 26 34 18 31 35 21 33 33 9 16 32 35 42 15 24
Answers
CitiBank recorded the number of cutomer to use a downtown ATM during the noon hour on 32 consecutive workday. The median is 27.
What do you mean by Median?
Median is a statistical measure of central tendency for a given set of values.It is also known as the 50th percentile or the second quartile. The median is used to calculate the average of a set of values, and is often preferred over the mean or average, as it is less affected by outliers. Median is usually used to represent the central tendency of a data set when the data contains outliers, or when the distribution of the data is not symmetric. It is also useful when dealing with skewed data, as it helps to identify the real central tendency of the data.
So, The required Median is 27.
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Statement Is True Or False 1.
Instructions to student:
You are required to indicate if the statement is true or false
1. Management accounting is often referred to the language of business
2. Creditors are the parties who supply risk capital in the form of funding
3. Internal reports are often used by management
4. Journals are known as books of first entry
5. Depreciation is an expense
6. Furniture and equipment is an example of a current asset
7. Expenses and income are found in the balance sheet
8. Rent income can be classified as an income
9. Capital is an asset
10. Sales increases on the debit side
Answers
Management accounting is often referred to as the language of business" is true because management accounting provides essential financial information and analysis to help managers make informed business decisions.
It involves the measurement, analysis, and reporting of financial and non-financial data within an organization, serving as a communication tool for managers to understand and evaluate the financial performance and position of the business.
Management accounting plays a crucial role in providing relevant and timely information to support internal decision-making. It focuses on generating reports and analyses tailored to the specific needs of managers, enabling them to plan, control, and evaluate business operations effectively.
By using management accounting techniques and reports, managers can monitor performance, allocate resources, set budgets, and make informed strategic decisions. It serves as a language that facilitates communication and understanding between different levels of management, helping to drive organizational success.
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Which settings would convert the information below into the table below?
Type of Animal Number of Children's Favorite
Whale-12
Tiger → 3
Lion 4
Elephant 6
Monkey 8
Giraffe 2
Answers
The settings that would convert the information given above is autofill to content.
What is autofill to content?Autofill to content refers to a feature in some software applications that automatically fills in or completes a form or field based on previously entered information or data. The goal of autofill to content is to save time and effort by automatically entering information that is likely to be the same for each new form or field.
For example, autofill to content can be used to automatically enter a user's name, address, phone number, and other contact information in a web form. When the user begins typing the first letter of their name or address, the software will suggest the rest of the information based on previous entries, allowing the user to select the correct information from a drop-down list and then automatically fill in the remaining fields.
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The Gallup Organization contacts 1595 male university graduates who have a white collar
job and asks whether or not they had received a raise at work during the past 4 months
Determine the sample
the 595 male university eraduates who have received mise at work.
Male university graduates who have a white collar job
The 1595 male university eraduates who have a white collar iob
Answers
Sample contains the 1595 male university eraduates who have a white collar job. Hence, option C is the correct answer.
What is the population?The set of all people, items, or objects that are required for a specific study is defined as the population.
Given that
Population size be N
And the gallup organization contains 1595 male University graduate who have a white collar job and ask whether or not they have received a rise at work during the past four months.
Here sample size is N = 1595
And random variable of interest is white collar job.
It is heavy for researchers to inspect each discrete in the population. Hence, a smaller group of sole (subjects) are selected from the population of interest. Therefore, the group of sole taken from the population of interest is known as the sample.
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5. Organizational Change (Refer to Chapter 14) Based on actual information gathered from primary and secondary sources, mention one situation that led to change in the organization, analyze the following in the situation What was the source and target? Mention which dimension of PESTEL analysis affected the organizational change. What were the barriers of change? How the company overcame the resistance to change?
Answers
The organizational change is a process that brings substantial changes in an organization, which results in a significant impact on the functioning of the organization.
The change can be triggered due to different situations that an organization has to face. The situation that led to the change in the organization was the acquisition of 20% of shares in Zee Entertainment Enterprises by Sony Pictures Networks India. This acquisition resulted in a significant change in the organizational structure of Zee Entertainment Enterprises. Sony Pictures Network India acquired 20% of shares in Zee Entertainment Enterprises to expand its operations in India. The source of the change was Sony Pictures Network India, which acquired 20% of shares in Zee Entertainment Enterprises.
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Why is choosing an appropriate mortgage potentially even more important than choosing an appropriate auto loan?
Answers
The statement was the explain are appropriate mortgage potentially is the Annual Percentage Rate (APR) are the important to the appropriate auto loan is the monthly, and the short terms fees.
What is mortgage?A mortgage is an arrangement that grants the right to seize property between a borrower and a lender. Interest is added to any borrowed money that is not repaid by the borrower. There are various types of mortgage are adjustable-rate mortgages, government-insured mortgages, conventional mortgages, and jumbo mortgages.
Annual Percentage Rates (APR) are potentially used in a suitable mortgage is the interest rate and the loan period it was not the monetary compensation. Because of the low rate, the additional fees will have little effect on the overall cost of the car. A suitable vehicle loan is determined by the loan balance, fees and charges, and the concluding remarks.
As a result, the appropriate mortgage potentially is the Annual Percentage Rate (APR) are the long term to the appropriate auto loan is the monthly, and the short terms fees.
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which of the following is an internet job search "do"
a. post your resume without considering privacy
b. pay attention to all directions before responding to job postings
c. assume that email is informal, private , or temporary.
d. take a passive role during your online job search.
Answers
Answer:
B
Explanation:
When there is too much "printing of money/monetization", and too severe a currency devaluation (which are reflationary) relative to the amounts of the other three alternatives in deleverasging what can happen? is this good or bad? why?
Answers
Deleveraging refers to the process of decreasing outstanding debt levels in an economy, which may be achieved through different means such as increasing taxes, reducing government spending, and increasing interest rates.
It is important to note that there are four alternatives in deleveraging, which include reducing outstanding debts, increasing the size of the economy, deflation, and currency devaluation. it could lead to an increase in inflation, which would be bad for the economy.
Inflation could lead to an increase in prices of goods and services, which would lead to a decrease in the purchasing power of money. As a result, people would have to spend more money to buy goods and services.In addition to inflation, too much printing of money and currency devaluation could lead to a decrease in the value of the currency.
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Emmanuel thrives when he is assigned to projects that are mostly self-directed. He can be trusted to work on the project independently and check in with his supervisor as needed. Emmanuel also prefers to be paid incentives for quality work. Emmanuel likely has
Answers
Based on the information given about Emmanuel, it can be deduced that he has an internal locus of control.
Locus of control simply means the degree to which individuals believe that they have control over the outcome of events.
Locus of control simply infers that the outcome of actions are the result of one's abilities. Since Emmanuel thrives when he is assigned to projects that are mostly self-directed, and can be trusted to work independently, he has an internal locus of control.
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1. Consider the following numerical example of the IS-LM model: C=200+0.25Y DI=150+0.25Y−1000i G=250 T=200 i=0.05(a) (5 points) What is the level of real money supply when interest rate is 5% ? Use the expression P M=2Y−8000i (b) (5 points) Solve for the equilibrium value of C and I, and verify the value you obtained for Y by adding C,I and G. (c) ( 5 points) Now suppose that the central bank cuts the interest rate to 3%. What happens to the LM curve? Solve for Y,I and C, and describe in words the effects of an expansionary monetary policy. What is the new equilibrium value of M/P supply? (d) (5 points) Return to the initial situation in which the interest rate set by the central bank is 5%. Now suppose that the government spending increases to G=400. Summarize the effects of an expansionary fiscal policy on Y,I and C. What is the effect of the expansionary fiscal policy on the real money supply?
Answers
(a) Real money supply: PM = 18,000.
(b) Equilibrium values: Y = 1,600, C = 800, I = 400.
(c) New equilibrium: Y = 19,200, C = 2,450, I = 780, PM = 19,200.
(d) Effects of expansionary fiscal policy: Y increases, I remains unchanged, C increases. No direct impact on real money supply.
(a) The level of real money supply can be found using the expression PM=2Y−8000i. Substituting Y=0.25Y−1000(0.05) and solving for Y, we get Y=10000. Therefore, the level of real money supply is PM=2(10000)−8000(0.05)=18000.
(b) To solve for the equilibrium value of C and I, we can substitute the given equations into the expression for Y. Y=C+I+G, Y=200+0.25Y+150+0.25Y−1000(0.05)+250.
Simplifying this equation, we get Y=800+0.5Y. Solving for Y, we find Y=1600. Adding C, I, and G, we get 200+0.25(1600)+150+0.25(1600)−1000(0.05)+250=2000, which verifies the value of Y.
(c) If the central bank cuts the interest rate to 3%, the LM curve shifts to the right. Solving for Y, I, and C, we can substitute the new interest rate (i=0.03) into the given equations. After solving, we find Y=19200, I=780, and C=2450.
An expansionary monetary policy leads to increased investment, consumption, and output. The new equilibrium value of M/P supply can be found by substituting the new values into the expression PM=2Y−8000i, resulting in PM=19200.
(d) With an increase in government spending to G=400, the effects of an expansionary fiscal policy on Y, I, and C are as follows: Y increases, I remains unchanged, and C increases. The expansionary fiscal policy does not directly affect the real money supply.
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all work are dignified and equal. justify
Answers
Answer:
I hope that is helpful for you.
an investor should expect to receive a risk premium for
Answers
An investor should expect to receive a risk premium for the higher level of risk undertaken.
It refers to the extra yield an investor expects to receive for buying a security with more risk than the risk-free rate (such as a U.S. Treasury bond) in the market.
Here are the details of the terms included in your question:
150: 150 is a number that comes after 149 and before 151. It's an even number, and it is divisible by 1, 2, 3, 5, 6, 10, 15, 25, 30, 50, 75, and 150. The sum of its factors is 372.
Investor: An investor is a person or institution that puts money into a financial scheme with the aim of obtaining a profit. Investors can be individuals, corporations, governments, and other organizations.
Premium: Premium is the amount a policyholder or insurer pays in exchange for protection against losses. It is an expense of doing business for insurance firms.
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how can asking for help with your work be an advantage
Answers
It will be an advantage if you answer your questions again after getting help.But without looking at the answers you got from friends and compare it later to see if your answers were alike or not.
Which best description of joint tenancy is best? Two or more people own a property equally or two or more people in the same family own a property equally
Answers
Answer:
Two or more people own a property equally
Explanation:
This persons who equally own a property may not necessarily be a family member, and the property may be a business, brokerage accounts or a real estate (a single home).
In most cases however, this Joint tenancy is made between married couples, wherein both parties equally own a property and share in the responsibilities of that property. Ownership is transferred to the other remaining members of the agreement automatically if one party dies.
The best description that can denote joint tenancy that two or more people own a property equally. So, the correct option that matches the above statement is A.
Joint tenancy refers to the condition where at least two people jointly hold, acquire or possess the benefits of a property under their name in proportion as may be determined.
The joint ownership is a condition where at least two people are required to make contracts of owning, buying, renting, leasing or selling such property in an equal proportion.The ratio of ownership in case of a joint ownership of a property where the benefits are shared equally is 1:1. One partner will share the benefits and bear losses equally in proportion of the other owners.There exists a relationship of vicarious liability in case of a joint tenancy which refers that one partner will be liable for the acts of the other partner(s).Hence, the correct option is A that the best example of a joint tenancy is when two or more people own a property equally.
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Bart graduated college with $40,000 in student loan and credit card
debt and is extremely worried about how he'll pay it back. His best friend
Miguel has the same exact debt and isn't worried at all. What could explain
why these two people have different levels of concern about the same
situation?
Answers
These two people have different levels of concern about the same situation depending on the situation that they are in and the date of the repayment.
What is debt?
Debt may be defined as the sum that the borrower owes the lender. A debt is an amount of money that has been borrowed for a dedicated amount of span and must be repaid, plus interest.
Bart may have some kind of debt that he may need to fulfill and there will be some changes that will come with it as the date of the repayment and the money in hand can also be the major causes.
Miguel may have a job on his hand and was confident that he may pay for the amount that is incurred. Also, he may have some kind of savings that will help him.
Depending on their current circumstances and the payback date, these two persons are concerned about the same scenario to different degrees.
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What is JROTC?
Pls answer
Answers
Answer:
Junior Reserve Officers' Training Corps
Explanation:
The Junior Reserve Officers' Training Corps (JROTC -- commonly pronounced "JAY-rawtsee") is a federal program sponsored by the United States Armed Forces in high schools and also in some middle schools across the United States and United States military bases across the world.
Sources: Google and Wikipedia
Answer:
an organization for future politicians
Explanation: