The correct answer is False a pure strategy is one where only one capacity factor is adjusted to meet demand.
Demand is just a consumer's desire to acquire products and services immediately and to pay the price associated with them. Demand may be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame. Key Learnings. According to the economic concept known as the law of demand, customer demand for an item increases when prices are low and decreases when prices are high. When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.
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Is an indirect technique used by interest groups to influence government policy?
True, indirect tactics include using constituents as lobbyists and raising public pressure. 1. identifying potential candidates for public office; 2. planning and conducting elections 3.interest.
How do we define interest?Interest is the cost of borrowing money or the fee you demand to lend it. Most frequently, interest is shown as an extra component of the loan amount. This ratio serves as a representation of the loan's interest rate.
What personal interests do I have?Personal interests are pastimes that a person enjoys. They can consist of endeavors in learning, athletics, artistic expression, leisure time, volunteer, community festivals, ritual beliefs, traditional activities, and self-improvement.
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What are the 4 types of entrepreneurship development?
Small businesses, scalable startups, large companies or intrapreneurship, and social entrepreneurship are the four subtypes of entrepreneurship.
What do you mean by Entrepreneurship Development?Entrepreneurship development is essentially the process of enhancing an entrepreneur's skill set and expertise. This can be accomplished via a variety of techniques, such as classroom lessons or training programs created specifically to improve entrepreneurial aptitude. Another way to define this concept is the process of improving one's ability to plan, coordinate, and manage a business initiative while taking into account the risks involved. Helping entrepreneurs enhance their abilities through training and use of that training is the essence of the entrepreneurship development process. It teaches them how to make wiser decisions in their day-to-day commercial dealings.
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Customer: "with all of the money i am spending today, will i be receiving anything complimentary?".
If someone has money in the bank but is unable to spend it, then the money is useless and cannot be used to benefit them in any way. In light of what was said in the Stag and the Antlers narrative.
Money kept at a bank is referred to as a deposit in the world of finance. A deposit is a deal in which money is given to someone else to keep safe. A percentage of money used as security or collateral for the delivery of a good can also be referred to as a deposit.
The use of a portion of the cash as a security or as collateral for the delivery of a good is the alternative definition of a deposit. As a sign of good faith, some contracts call for a portion of the money to be paid before delivery. For instance, brokerage companies frequently demand that traders deposit initial margin funds before entering into a new futures contract.
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The cah account for Norwegian Medical Co. At April 30 indicated a balance of $12,620. The bank tatement indicated a balance of $14,380 on April 30. Comparing the bank tatement and the accompanying canceled check and memo with the record revealed the following reconciling item:
Check outtanding totaled $5,180. A depoit of $5,390, repreenting receipt of April 30, had been made too late to appear on the bank tatement. The bank collected $2,800 on a $2,660 note, including interet of $140. A check for $880 returned with the tatement had been incorrectly recorded by Norwegian Medical Co. A $800. The check wa for the payment of an obligation to Univeral Supply Co. For a purchae on account. A check drawn for $80 had been erroneouly charged by the bank a $800. Bank ervice charge for April amounted to $30. Required:
Quetion Content Area
1. Prepare a bank reconciliation
Reconciliation of Banks: Due to the fact that banks are unaware of items written by account holders until they are presented for payment, bank reconciliations are the responsibility of the account holder.
Preparing for the Bank Reconciliation
During the bank reconciliation process, it is essential to determine which differences need to be included in the statement and which adjusting entries need to be processed.While any item that is absent from the accounting records is included in the list of valid items on the reconciliation statement, it does not include deposits in transit or outstanding checks. For these items, adjustments must be made to the entries.If a bank error has been found, it should be mentioned in the reconciliation statement and reported to the bank. However, processing errors in the accounting records must be rectified through an adjusting entry rather than being carried over to the reconciliation statement.The bank and book balances at the bank statements' cutoff point serve as the starting point for a bank reconciliation. Expenses are factored into bank balances.
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Full Question = The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $11,260. The bank statement indicated a balance of $13,270 on June 30, 20Y2. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:
a. Checks outstanding totaled $4,780.
b. A deposit of $4,980, representing receipts of June 30, had been made too late to appear on the bank statement.
c. The bank collected $2,590 on a $2,450 note, including interest of $140.
d. A check for $660 returned with the statement had been incorrectly recorded by Pala Medical Co. as $600. The check was or the payment of an obligation to Shoe Supply Co. for a purchase on account.
e. A check drawn for $30 had been erroneously charged by the bank as $300.
f. Bank service charges for June amounted to $50.
Required:
1. Prepare a bank reconciliation Pala Medical Co.
2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount does not require an entry, leave it blank.
3. If a balance sheet were prepared for Pala Medical Co on June 30, 20Y1, what amount should be reported as cash?
Which of the following shows the correct sequence of events from an initial shock to consumption and the resulting multiplier effects?
A. Investment declines, firms' revenue rises, labor demand shifts right, unemployment falls, asset prices fall, and the multiplier effects continue their cycle.
B. Consumption declines, firms' revenue falls, labor demand shifts left, unemployment rises, and the multiplier effects continue their cycle.
C. Consumption declines, firms' revenue falls, labor demand shifts right, unemployment falls, and the multiplier effects continue their cycle.
D. Investment declines, firms' revenue falls, labor demand shifts left, unemployment rises, asset prices rise, and multiplier effects continue their cycle.
The option that shows the correct sequence of events from an initial shock to consumption and the resulting multiplier effects is B. Consumption declines, firms' revenue falls, labor demand shifts left, unemployment rises, and the multiplier effects continue their cycle.
What's consumption?Utilizing resources to fulfill present needs and desires is referred to as consumption. In contrast, investing entails making purchases in order to generate future income. A key concept in economics, consumption is also explored in many other social sciences.
Because one agent's spending is also another agent's income, the multiplier effect results. For instance, when a spending project generates new jobs, it adds to the circular flow of income and demand in the nation.
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What are the 3 main credit?
Equifax, Experian, and TransUnion are indeed the three largest credit monitoring firms. Credit bureaus differ from credit scoring companies such as VantageScore and FICO. Credit bureaus gather information including payment history and public documents.
What are the three types of credit checks most commonly used?Equifax, Experian, and TransUnion are a few examples. Many people are facing financial difficulties as a result of the COVID-19 outbreak. To stay on top of your finances, you can obtain free credit reports every week until December 2023.
Which of the three credit ratings is utilized the most frequently?The lowest credit score for the VantageScore and conventional FICO® score models is 300, and the maximum credit score is 850. Even if you have excellent credit practices, don't be surprised if your credit score falls below 850. Perfect credit ratings may appear to be unattainable.
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What is a focus of Accenture's point of view on blockchain in the marketplace Mcq village?
Accenture's primary selling point in the block chain market will be that it enables clients to save all of their data documents because of the unchangeable and unbreakable technology of the block chain.
Accenture's primary selling point in the block chain market will be that it enables clients to save all of their data documents because of the unchangeable and unbreakable technology of the block chain.
The vendor's focus on using blockchain to transform the company and enhance core operations is the cornerstone of Accenture's strategy. Decentralized networks, transparency, reliable chains, and unchangeable and indestructible technology are among the key benefits of blockchain technology. Blockchain always needs a centralised authority to act as a middleman.
Members of the network may exchange information and goods like bitcoin among themselves without the use of intermediaries.
Due to its capacity to provide accountability, transparency, traceability, and cyber-resilience as well as to boost operational performance in global collaborations, blockchain is one of the main enabling technologies that may assist establish safe and sustainable solutions to accomplish these SDGs.
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kent company manufactures a product that sells for $51.00 and has variable costs of $29.00 per unit. fixed costs are $231,000. kent can buy a new production machine that will increase fixed costs by $16,000 per year, but will decrease variable costs by $4.00 per unit. compute the contribution margin per unit if the machine is purchased.
If kent company manufactures a product that sells for $51.00 and has variable costs of $29.00 per unit. the contribution margin per unit if the machine is purchased is $26.00.
How to find the Contribution margin with new machine?Using this formula to find the Contribution margin with new machine
Contribution margin with new machine = Selling price - (Variable cost - Decrease in variable cost)
Let plug in the formula
Contribution margin with new machine = $5100 − ($29.00 − $4.00)
Contribution margin with new machine = $51.00 - $25.00
Contribution margin with new machine= $26.00
Therefore we can conclude that the Contribution margin with new machine is $26.00.
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what would be the yearly earnings for a person with $7,000 in savings at an annual interest rate of 5.5 percent?
The yearly earnings for a person with given data will be 385, 7,000* .055 = 385
A corporation will pay you a yearly earning in exchange for the work you complete throughout the year. Even if you might get paid monthly or biweekly, it's still crucial to know your annual pay for tax purposes or in case you apply for a new position. To learn everything you need to know, continue reading.
The total amount of money made throughout a fiscal year is referred to as annual income. Net annual income is the amount left over after all deductions have been made, while gross annual income refers to all profits before any deductions are made. Both individuals and corporations can use this idea while completing their yearly tax returns.
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Identify the expanded accounting equation from the options below. O Assets = Liabilities + Common Stock - Dividends + Revenues - Expenses O Assets + Liabilities - Common Stock + Revenues - Expenses - Dividends O Assets = Liabilities - Common Stock + Revenues - Expenses - Dividends
The expanded accounting equation is Assets = Liabilities + Common Stock - Dividends + Revenues - Expenses.
We know that, basic accounting equation is
Assets = Liabilities + Equity
and,
Equity is Capital plus Retained earnings while Retained earnings is Revenue minus Expenses minus Dividend
so, we can combine these formula, the we get
Assets = Liabilities + Capital + Revenue - Expenses - Dividend
that can be write as
Assets = Liabilities + Common Stock - Dividends + Revenues - Expenses.
The assets of the business are originally equal to the owner's contribution since we view the business as a separate legal entity from the owner.
When the corporation can no longer expand solely on the basis of equity, we then borrow money from other sources, and assets equal liabilities plus equity.
The net result of business activities is profit or loss, which either increases equity or decreases equity. Revenues come in and costs go out.
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sooyoung reported to the management team that since there were so many retailers supplying the product, none of them held a major share of the market. she is describing an example of a(n) blank retail system.
In a concentrated retail system, a few retailers supply most of the market. There is a tendency for greater retail concentration in developed countries
Which information system is used in retail management?
For retailers to increase sales and better understand their customers, customer relationship management systems gather the following information: Name, email, social media, and how the consumer first heard about the organization are all examples of contact information.
Information systems are the equipment, software, and hardware that support merchants' performance in a changing environment. They assist with point of sale transactions, logistics, planning, inventory control, managing budgets and sales targets, and more. Let's quickly review a few of the information systems that are most frequently used in the retail industry.
One feature of IMS is asset tracking, which enables products to be traced in a warehouse or store using their barcodes and/or other tracking information like their serial number, lot number, or revision number.
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Fashion Design - what are the 3 influences on fashion??
The three influences are social, economic, and technological.
Fashion design is the art of creating clothing and accessories that are aesthetically pleasing and functional. It takes into account the current trends and cultural influences as well as the tastes of the customer.
The three main influences on fashion are:
1. Social Influences: This refers to how fashion is shaped by the social and cultural values of the time. Trends can be influenced by events, celebrities, and even political movements.
2. Economic Influences: The economy has a significant impact on fashion trends. When the economy is strong, people are more likely to spend money on expensive, luxurious items. On the other hand, when the economy is weak, people may be more likely to buy budget-friendly items.
3. Technology Influences: Technology has greatly impacted the fashion industry. From the advancements in textiles to the ability to produce clothing quickly, technology has enabled fashion designers to create new and innovative styles. Technology has also allowed for recent trends to be quickly disseminated to a global audience.
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What are the 4 most used taxes?
The four most used tax bases are individual income, corporate income, sales, and property.
Which three tax types are there?A tax that levies a higher percentage of revenue from high-income groups than from low-income groups is referred to as a progressive tax. A proportionate tax is one that deducts the same amount from each income group. Regressive taxes are those that take a greater portion of low-income groups' income than they do from high-income groups.
What kind of tax is ideal?The progressive tax has always been favored in the United States. Progressive tax systems have graduated tax rates that impose greater percentages of income taxes on people with higher earnings while offering the lowest rates to people with lower incomes.
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26) The main difference between PERT and CPM is that A) PERT is more accurate than CPM B) PERT assumes that activity durations are known. C) PERT ignores activity costs. D) CPM assumes activity durations can vary E) PERT employs three time estimates for each activity 27) The ES of an activity that has only one predecessor is simply the EF of that predecesson A) True B) False 28) Slack is the amount of time an activity can be delayed without delaying the entire project. A) True B) False with duration 29) The critical path for the network activities shown below is Immediate Activity Duration Predecessors B.C. A) A-B-D; 10 B) A-B-E; 11 C)C-E, 12 D) A-D-E; 13 E) A-B-C-D-E: 22 30) An activity on a PERT network has these time estimates: optimistic-2, most likely 3, and pessimistic 8. What is its expected activity time and variance? A) 3.67; I B) 3.67; 6 C)4.33; 1 D) 4.33; 6 E) none of the above
26). (E) PERT employs three time estimates for each activity, 27). (B) False , 28). (A) True, 29). (D) A-D-E, 30). (A) 3.67.
PERT versus CPM Project management may be defined as a systematic approach to planning, scheduling, executing, monitoring, and controlling the many components of a project in order to achieve the goal set at the time of project conception. The two network-based project management methodologies that show the flow and sequence of activities and events are PERT and CPM. The Program (Project) Management and Review Technique (PERT) is ideal for projects in which the time required to accomplish certain tasks is unknown. The Critical Path Method, on the other hand, is appropriate for projects that are recurrent in nature.
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A firm can fund an expansion of its operations bySelect one:A. buying stock.B. loaning money.C. paying dividends.D. issuing bonds.Use the table below to answer questions 2 and 3
Question 2What is the growth rate of real GDP from 2019 to 2020?Select one:a. -1.86%b. -1.90%c. 4.72%d. 4.38%e. 1.56%Clear my choiceQuestion 3What is the average annual growth rate from 2017 to 2020?Select one:a. 1.10%b. 1.47%c. -0.32%d. -0.43%e. 0.92%
1-A firm can fund an expansion of its operations by Select one Loaning money, 2-The growth rate of real GDP from 2019 to 2020 is -1.86%,3-the average annual growth rate from 2017 to 2020 is 1.10%.
The firm can expand its operation by taking funds from loaning money from banks after expansion the profit will repay the loan. The growth rate of real GDP from 2019 to 2020 is -1.86%the growth rate of real GDP from 2019 to 2020,growth rate = ( (Real GDP 2020 - Real GDP 2019)/(Real GDP 2020) )*100,Growth rate = ((10020 - 10210)/(10210))*100 = ((-190)/(10210))*100 = -0.01860*100 = -1.86%. growth rate = ( (Real GDP 2020 - Real GDP 2019)/(Real GDP 2020) )*100.Annual Average Growth rate = sum(annual growth rate)/number of years,Annual Average Growth rate = (4.4195)/4 = 1.10%
The organization can increase its transactions by taking out a bank loan and putting the income to repay the loan. When money is offered to some other party in return for reimbursement of the original loan plus the interest, this is did refer to as a loan. Before making a loan deal, banks will take into account a prospective borrower's income, credit score, and public debt. Growth rates are used to express a variable's annual change as a fraction. A variable with a positive growth rate is increasing over time.
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What events occurred between 1850 and 1900 and 1900 and 1950 that influenced the size of the national debt?.
Between 1850 and 1900, the US national debt was largely influenced by the Civil War, which increased the debt from $65 million to $2.7 billion. Between 1900 and 1950, the US national debt was influenced by World War I, which increased the debt from $1.2 billion to $25.5 billion, and World War II, which increased the debt from $43 billion to $269 billion. Additionally, the Great Depression of the 1930s caused the debt to increase from $16.2 billion to $43 billion.
What are the 3 main goals of security?
Regardless of security policy goals, one cannot completely ignore any of the three major requirements—confidentiality, integrity, and availability—which support one another. For example, confidentiality is needed to protect passwords.
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What are the five integral parts of research?
The five integral parts of research are introduction, review of Literature, methods, results, and discussion.
A complete research paper which is in the APA style is seen to be reporting on experimental research which will thus typically contain a title page, the abstract, introduction, review of Literature, discussion, methods, results, and References sections.
However, literature review is considered to be an integral part of the research as its purpose is to provide foundation of knowledge on topic. Thus, here the primary motive of research reports is to convey the integral details.
Hence, the research reports are quite useful as it provides information.
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External failure costs include the following costs except __________ costs.a product-returnb lost salesc price-downgradingd warranty claims
Liability claims. Warranty claims are regarded as a cost of external failure. It is a cost that the company incurs to replace and repair goods that customers have recently purchased.
External failure costs are those expenses caused because of item failures after they have been offered to clients. These expenses incorporate the legitimate charges connected with client claims, the deficiency of future deals from disappointed clients, item reviews, item return expenses, and guarantee costs.
External failure cost is one of the three kinds of cost of value. It incorporates the expense an organization causes after a flawed item or administration arrives at the client and it glitches. Two normal instances of this cost are guarantee cost, cost of the return, and cost of return and substitution.
For the most part, we can sum up a wide range of External failure costs into four heads:
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How cost-benefit analysis helps government?
Cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.
What is the cost-benefit analysis?Cost-benefit analysis can be used to assess the costs and benefits of interventions when both are expressed in monetary terms.
Concept symbol Cost-benefit analyses (CBA) and CEA consider health outcomes.
The net present value (NPV), economic rate of return (ERR), and benefit-cost ratio are three suggestive criteria that can be used in a cost-benefit analysis to determine the economic sustainability of a safer school IPF before the project is implemented.
Cost-benefit analysis has been employed as one technique.
This makes an attempt to evaluate and analyze the discounted streams of future benefits and future costs connected with a proposed project in terms of money, much like the forces of the market do for business initiatives.
Therefore, cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.
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If a country has an absolute advantage in every good, then?
Trade can still be advantageous to both parties even when one country has a definite edge in all products. Absolute This is due to the fact that trading profits are obtained by specializing in one's comparative advantage.
Absolute advantage merely contrasts a worker's productivity across nations. How many inputs are required to create shoes in by this. A slightly different version of this question is posed by comparative advantage. It asks instead, absolute According to the comparative advantage concept, a representative will produce more of and consume less of a good for which they have a comparative advantage under free trade. Comparative advantage is the economic reality that shows how the amount of work people or nations do as a result of trade has increased over time.
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Imagine you’re renting an apartment with a friend after high school. Your friend wants to get satellite TV but can’t because they have bad credit due to a history of late payments. They ask if you’ll sign up for it and assure you they’ll take care of the payments. How would you respond?
Answer:
This is a tricky situation. On one hand, it would be nice to have satellite TV, but on the other hand, I don't want to put myself in a bad situation by signing up for something I can't afford. If I agree to sign up, I could potentially be held liable for the monthly fee if my friend isn't able to pay.
I would advise my friend to look into alternative options for TV services, such as streaming services or basic cable. If they still want to pursue satellite TV, then I would suggest that they speak to customer service about any other payment options available for those with bad credit.
Explanation:
What are the various methods and tools that can be used in monitoring the performance of a Hadoop cluster?
Ganglia, Apache Ambari, Nagios, Cloudera Manager, and HDFS Balancer all analyze a Hadoop cluster's performance.
What are the various tools that can be used in monitoring Hadoop cluster?1. Ganglia: An source code monitoring tool called Ganglia can be used to keep close tabs on the efficiency of Hadoop clusters.
2. Apache Ambari: Apache Ambari is a free management tool that keeps control of the efficiency of Hadoop clusters.
3. Nagios: To track the effectiveness of Hadoop clusters, Nagios is a free software server and network monitoring system.
4. Cloudera Manager. Hadoop cluster performance may be tracked with Cloudera Manager, the for performance monitoring tool.
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in 2008, zimbabwe ran out of locally produced coca cola and local coke bottlers were not able to import the concentrated syrup needed to make coke from the united states because they could not obtain u.s. dollars. a small amount of coke was imported from south africa, but a single bottle sold for around 15 billion zimbabwean dollars. zimbabwe was experiencing rapid increases in the price level, which is known as
Coke was imported in modest quantities from South Africa, but each bottle went for almost 400 million Zimbabwean dollars. Zimbabwe was undergoing deflation, which is the quick rise in price level.
In marketing, what does a price mean?Price. Price is the sum of money customers are willing to spend on a thing. Marketers must consider supplier costs, seasonal discounts, rival prices, and retail markup in addition to connecting the price to the device's actual and perceived value.
What are the costs and examples?A price is the amount of money that is (often not negatively) exchanged from one party to a different in exchange for their goods or services. The cost of manufacturing may go by another name in some circumstances.
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Depending on the size and profit of a nonprofit, some boards may be asked to assume _________?
Depending on the size and profit of a nonprofit, some boards may be asked to assume staff roles.
An income that is given to the owner in a successful market production process is known as profit in accounting. Profit is a metric of profitability, which is of primary concern to the owner in the process of market production that generates money. Various profit metrics are frequently used.
The balance between income distribution and income generating is constant in market production. Every time during the review period, the earned income is allocated as economic value to the production's stakeholders. Profit is the portion of income generated that the owner is able to retain for themselves during the income distribution process. Since it translates into money and presents chances for expanding production, profit is one of the main drivers of economic prosperity. The terms "income," "profit," and "earnings" are all interchangeable in this sentence.
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Who became president in 1932 because he promised to help the people recover from the economic depression?
In his acceptance speech, Roosevelt addressed the issues of the despair by telling the American humans that, "I pledge you, I pledge myself, to a new deal for the American people." In the election that took area in the fall of 1932, Roosevelt won by using a landslide.
Who elected president in 1932 to clear up the Great Depression?Assuming the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain belief in themselves. He added hope as he promised prompt, full of life action, and asserted in his Inaugural Address, “the only component we have to worry is concern itself.”
What did FDR promise in the 1932 election?Roosevelt united the party, campaigning on the failures of the Hoover administration. He promised restoration with a "New Deal" for the American people.
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https://brainly.com/question/25608255#SPJ4for certain controls, such as segregation of duties, documentary evidence may not exist. an auditor would most likely test the procedures by:
A) Documentary evidence may not exist for some controls, like the separation of duties. The procedures would most likely be examined and verified by an auditor.
What takes place when duties are not separated?You put the company at risk by not implementing duties segregation. The increased risk of fraud is one of the biggest threats. The likelihood of fraud increases when a single person is given sole responsibility for two competing responsibilities. This risk is reduced when more than one person performs these tasks.
What evidence does an audit provide regarding the proper division of labor?The auditor observes to determine the appropriate division of labor. The auditor ought to be able to verify that the employees are properly delegating their responsibilities by observing them at work. For instance, the cash receipts and bank reconciliation should be handled by distinct employees.
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Full Question = For certain controls, such as segregation of duties, documentary evidence may not exist. An auditor would most likely test the procedures by:
A. inspection and vouching.
B. confirmation and recomputation.
C. reperformance and corroboration.
D. observation and inquiry.
Who benefits from free trade zones?
Importers can take advantage of a number of benefits to improve cash flow, improve the efficiency of global logistics, reduce duplicative or pointless logistical costs, and preserve flexibility.
Who benefits from FTZ?By employing a Foreign-Trade Zone, businesses can avoid the lengthy Customs duty drawback process. For enterprises who import sensitive goods or employ manufacturing processes that produce a lot of scrap, the ability for users to destroy things in an FTZ is attractive because they are exempt from paying duty on the commodities they discard.
A foreign-trade zone is an area that has been classified as exempt from certain ordinary US Customs laws and regulations (FTZ). A number of benefits are available to importers that can help them improve cash flow, improve the efficiency of global logistics, reduce unnecessary or duplicate logistical costs, and preserve flexibility.
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Part 2 (1 pt) What might be a microeconomic response to inflation? See Hint Choose one: A. Workers refuse raises. B. A company reduces the size of its workforce. O C. The government reduces spending. D. The government raises taxes so that individuals do not spend as much. < 01/04 > ♡ See Hint Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you will pay $10,000 each year for tuition, $2,000 each year for textbooks, and $8,000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $25,000 per year. Assume that if you decided not to go to college, your parents would not let you live at home. What is your opportunity cost for four years of college? $ |
The government raises taxes so that individuals do not spend as much which is a microeconomic response to inflation. Hence, option D is appropriate.
What is the meaning of microeconomics?Microeconomics is a subfield of traditional economics that examines how people and businesses behave when deciding how to distribute scarce resources and how these people and businesses interact.
Microeconomics, even as its prefix suggests, examines the economy on a small scale, such as the financial choices made by individual people. Following are some illustrations of microeconomics: how a neighborhood business chooses to spend its money. how a city chooses to use an excess of government funds.
Hence, option D is correct.
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when people purchase groceries or household goods in most states, they pay an additional percent of the subtotal. what kind of tax are they paying?
when people purchase groceries or household goods in most states, they pay an additional percent of the subtotal.They are paying sales tax.
The indirect tax imposed on selling and purchasing of goods within states is referred to as Sales Tax. It is an additional amount paid over and above the base value of the product being purchased. This tax, usually imposed on the seller by the government, enables the seller to recover the tax from the purchaser.
It is given in the question that sales tax is calculated as a percentage of the sales price. To calculate the sales tax on any item we will calculate the percentage of the cost.
Suppose the cost of the clothing = $180 and sales tax is 6%
Therefore, sales tax on the clothing = 6% of $180
= 0.06 × 180
= $10.80
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