Contingency is the type of planning consists of a process for recovery and documentation of procedures for conducting recovery.
A contingency plan is a plan of action designed to be taken in the event of an unexpected occurrence. A contingency plan for recovery is a plan of action designed to be taken in the event of an unexpected interruption to your business operations.
The purpose of a contingency planning for recovery is to help you minimize the disruption to your business and to help you resume operations as quickly as possible. A well-designed contingency plan will help you to protect the company.
Hence, the correct option is "B".
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You may be able to answer some of the patient's insurance/account questions, but most will be directed to the ______.a. billing departmentb. physicianc. head nursed. third-party collection agency
While you may be able to provide some information about a patient's insurance or account, it is likely that most questions will need to be directed to the Billing Department.
What is health insurance and why is it important?
Health insurance is a type of insurance that covers the cost of medical care. It helps individuals and families pay for health care expenses that can be expensive, such as hospital stays, doctor visits, and prescription medications. Health insurance is important because it can protect individuals and families from financial hardship in the event of unexpected medical expenses.
Is it necessary for buy a health insurance?In some countries, it is necessary to have health insurance in order to access medical care. In the United States, for example, the Affordable Care Act (ACA) requires most individuals to have health insurance or pay a penalty. However, in some countries, health care is provided through a universal health care system and is not tied to a specific insurance policy.
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Some of the patient's insurance/account inquiries may be answered by you, but the majority will be forwarded to the billing department. Hence, the correct choice is (a.) billing department.
What exactly is health insurance, and why is it necessary?Health insurance is a form of coverage that pays for medical expenses. It assists individuals and families with paying for high-cost healthcare costs like hospital stays, doctor visits, and prescription prescriptions. Individuals and families benefit from health insurance because it protects them from financial difficulty in the case of unforeseen medical bills. In certain countries, having health insurance is required in order to receive medical care. For example, in the United States, the Affordable Care Act (ACA) compels most people to carry health insurance or pay a penalty. In some nations, however, health care is delivered through a universal health care system that is not connected to a specific insurance policy.
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Bond Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2017, at 103.The journal entry to record the issuance will show a
A. Debit to Cash of $5,000,000.
B. Credit to Premium on Bonds Payable for $150,000.
C. Credit to Bonds Payable for $5,030,000.
D. Credit to Cash for $5,150,000.
Bond Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2017, at 103.The journal entry to record the issuance will show a C. Credit to Bonds Payable for $5,030,000.
What journal entry means?All company transactions are documented in journal entries. Any financial activity that has an effect on the firm is a transaction, in the broadest sense. They encompass every transaction involving the exchange of money, including interest payments, depreciation, costs, and payroll. They are not just restricted to the purchasing and selling of goods and services.
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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the medicare component of the fica tax (1.45% on wages) is progressive since the tax due increases as wages increase.a. trueb. false
The following statement, "The Medicare component of the FICA tax (1.45% on wages) is progressive since the tax due increases as wages increase." is False.
The Social Security Administration (SSA) launched the Medicare national health insurance programme in 1965. The Centers for Medicare and Medicaid Services presently oversees the programme (CMS).
In addition to certain younger persons with disability status as assessed by the SSA, such as those with end-stage renal illness and amyotrophic lateral sclerosis, it primarily provides health insurance for Americans aged 65 and older. According to the 2019 Medicare Trustees Report, more over 59.9 million people received health insurance via Medicare in 2018, including over 52 million seniors and nearly 8 million younger people.
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A corporation reports the following year-end balance sheet data. Calculate the following ratios using the information provided below.
(a) working capital
(b) acid-test ratio
(c) current ratio
(d) debt ratio
(e) equity ratio
(f) debt-to-equity ratio
Cash $ 50,000 Current liabilities $ 64,000
Accounts receivable 35,000 Long-term liabilities 72,000
Inventory 60,000 Common stock 1,00,000
Equipment 140,000 Retained earnings 49,000
Total assets $ 285,000 Total liabilities and equity $ 285,000
A financial ratio, also known as an accounting ratio, is the difference in magnitude between two specific numbers obtained from the financial accounts of an organization.
What is Financial Ratio ?There are numerous standard ratios that are frequently used in accounting to assess the overall financial health of a firm or other entity.
Given
Cash $ 50,000
Current liabilities $ 64,000
Accounts receivable 35,000
Long-term liabilities 72,000
Inventory 60,000
Common stock 1,00,000
Equipment 140,000
Retained earnings 49,000
Total assets $ 285,000
Total liabilities and equity $ 285,000
(a) working capital = Current Assets - Current Liabilities
[tex]Current Assets = AR + Cash + Inventory \\ = $ 35000 + 50,000 + 60,000\\ = $ 145,000\\\\Working Capital = CA - CL \\\\ = $ 145,000 - 64,000\\ = $ 81,000\\[/tex]
(b) acid-test ratio = Current Assets - Inventory - Prepaid /Current Liabilities
[tex]85000/64000 = 1.33:1\\[/tex]
(c) current ratio = Current Assets / Current Liabilities
[tex]145000/64000 \\= 2.26:1[/tex]
(d) debt ratio = Total Debt / Total Assets
[tex]72000/285000 \\=0.25:1[/tex]
(e) equity ratio = Total Equity / Total Assets
[tex]100,000+49,000 / 285,000\\= 149000/285000\\= 0.523: 1[/tex]
(f) debt-to-equity ratio = Debt / Equity
= [tex]72000/149000\\= 0.48:1\\[/tex]
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the direct-to-consumer shopping website abc wants to add a coupon box to the checkout page (see the example of a coupon box below), but the marketing team worries that adding a coupon box will cause users who don't have coupons to abandon their shopping basket. the team designs an experiment with the treatment being whether the user sees the coupon box on the checkout page. the experiment randomizes at the user level. the experiment will run for a week, and the experiment sample is a random set of customers who have browsed the website during the week. no actual coupon is issued, and the team will track the dollar amount spent per user during the week of the experiment.
This experiment will help the team understand if adding the coupon box to the checkout page will cause users to abandon their shopping basket.
What is coupon?The experiment will involve adding a coupon box to the checkout page and measuring whether users are more likely to abandon their shopping basket. To measure the impact of the coupon box, the team will need to track the number of users who abandon the basket before and after the coupon box is added. Additionally, the team should compare the number of users who click on the coupon box and those who take action by entering a coupon code. This will help the team understand if users are actually using the coupon box or if it is simply a distraction. Additionally, the team should track other metrics such as the number of items in the shopping basket and the total amount of the purchase to determine if the coupon box is having an impact on the user's purchase. By tracking these metrics, the team will be able to understand and measure the impact of adding the coupon box to the checkout page.
During the experiment, customers who are in the sample set will be randomly assigned to either the treatment group or the control group. The treatment group will see the coupon box on the checkout page, while the control group will not. The team will observe the dollar amount spent per user during the week of the experiment and compare the results between the two groups to determine the impact of the coupon box on user behavior.
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The team will gain insight from this experiment about whether users would abandon their shopping cart when the coupon box is added to the checkout page.
Coupon – what is it?The checkout page will receive a coupon box as part of the experiment, and it will be determined whether users are far more inclined to abandon our shopping cart as a result. The team will want to keep track of the percentage of users which abandon the basket now since the coupon box is placed in order to assess the effects of the discount box. The group should also compare the proportion of users who tap upon that coupon box to those who actually make a purchase after entering a promo code.
Briefing :Customers inside this sample set will then be randomly assigned here to treating group or a control group for the duration of the experiment. Upon that checkout page, the coupon box will be visible to the treatment group but hidden from the control group. To ascertain the effect of the coupon box effect user behavior, the team will monitor the average dollar amount spent by each user throughout the course of the experiment's week and compared the outcomes of the two groups.
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If expected inflation increases:
A. the short run Phillips Curve shifts to the right.
B. the short run Phillips Curve shifts to the left.
C. there is a movement along the short run Phillips Curve.
D. the long run Phillips Curve shifts in to the left.
If expected inflation increases: A. the short run Phillips Curve shifts to the right.
What is inflation?Inflation can be defined as the increase in the price of goods and service. When their is inflation in a country the purchasing power can tend to reduce.
An a rise in inflation can tend to have effect on demand curve based on the fact that the short run Phillips Curve will shifts to the right.
Therefore we can conclude that the correct option is A.
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Question 6 (1 point)
To open a bank account you will/may need...... Choose only 5 answers.
Income
Collateral
A deposit
Pokemon Cards
Drivers License
A state issued ID
Insurance
A government issued ID
To open a bank account, the things that you will / may need are:
IncomeA depositDriver's licenseA state-issued IDA government-issued IDTo set up a bank account, it is recommended that you have a source of funds (income) to deposit into the account and a form of identification to prove who you are. Examples of suitable identification include a driver's license, state ID, and government ID.
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The upper class constitutes ______ of the american population and receives almost half the available income.
The upper class constitutes one-fifth of the American population and receives almost half the available income.
What is income?The sum of money that an individual or organization receives in exchange for their products or goods. Income, which is often stated in dollar values, is the spending and saving possibility acquired by an organization within a given duration.
The midpoint is the level at which half of all households were wealthier and half were poorer. Economic markets and governmental policies are the two main factors influencing the distribution and production of wealth and income globally. One-fifth of Americans belong to the upper b, which also obtains approximately half of all income.
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customer records containing names, addresses, phone numbers, and purchase histories would be most likely stored in:
Customer records containing names, addresses, phone numbers, and purchase histories would be most likely stored in Database Management Systems.
What is Database Management Systems?
Essentially, a database management system (or DBMS) is just a computerised data-keeping system. Users of the system are provided with the ability to carry out a variety of operations on such a system for either managing the database structure itself or manipulating the data in the database.
Database management systems (DBMS), according to Connolly and Begg, are "software systems that enable users to define, create, maintain, and control access to the database." DBMSs include, for instance, Microsoft SQL Server, Oracle Database, MySQL, PostgreSQL, and Microsoft Access.
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help help help help help help plsss
The factor that determines whether a metamorphic rock is foliated or non - foliated, is A. the presence or absence of mineral crystals.
What is the difference between foliated and non - foliated metamorphic rocks ?The majority of the time, foliated rocks have aligned grains of flat minerals like chlorite. When the mineral grains are not arranged in planes or bands, as they are in foliated rocks, the rocks are said to be non-foliated.
Minerals that are platy or elongate and oriented in roughly parallel planes, wavy bands, or both are found in foliated rocks. Nonfoliated rocks may have colored bands that reflect minute impurities, but the primary minerals do not exhibit any obvious alignment.
Therefore, we can tell foliated and non - foliated metamorphic rocks apart, based on the presence of mineral crystals, or the lack thereof.
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1. Give at least two definitions for entrepreneurship and two for entrepreneur.
Answer:
entrepreneurship definition 1: The process of developing, organizing, and operating a new business in order to make a profit while taking financial risks.
entrepreneurship definition 2: The pursuit of new ideas and the willingness to pursue those ideas and combine resources to achieve the goal of meeting market needs.
entrepreneur definition 1: A individual who has a concept and works to create a services or products that others buy, and the enterprise that helps that effort.
entrepreneur definition 2: Entrepreneurs take on most of the risks and initiatives of new ventures and are often seen as visionaries or innovators.
A brand is an identifying name, term, design, symbol or any other feature that identifies one marketer's product as distinct from those of other marketers.
A brand is an identifying name, term, design, symbol or any other feature that identifies one marketer's product as distinct from those of other marketers is called brand elements
Branded components also aid in differentiating you from your rivals .When designing your brand strategy, you should focus on these four key brand elements. Strong brand identity, brand image, brand culture, and brand personality are necessary for a strong brand.Your brand's distinguishing elements can be your name, logo, color schemes, and other elements that combine to create a coherent, identifiable picture for your business that permeates everything you do.To know more about brand equity here
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Suppose that monetary neutrality and the Fisher effect both hold. An increase in the money supply growth rate increasesa. the inflation rate and nominal interest rates.b. the inflation rate, but not nominal interest rates.c. nominal interest rates, but not the inflation rate.d. neither the inflation rate nor nominal interest rates.
Suppose that monetary neutrality and the Fisher effect both hold. An increase in the money supply growth rate increases is a. the inflation rate and nominal interest rates.
Many economists preserve that monetary neutrality is a good approximation for the way the economic system behaves over long intervals of time however that in the brief run economic-disequilibrium idea applies, such that the nominal money supply could have an effect on output.
Monetary neutrality is the concept that says that modifications in cash deliver have no real results in the economic system. the classical model of the rate degree. says that the actual quantity of money is usually at its lengthy-run equilibrium level.
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the probability that a randomly selected visitor to a certain website will be asked to participate in an online survey is 0.40. avery claims that for the next 5 visitors to the site, 2 will be asked to participate in the survey.
The probability that a randomly selected visitor Because 0.40 represents likelihood in the long run over numerous visits to the site, Avery's interpretation of the probability is incorrect.
What does "probability" mean?
Probability: The possibility of a certain a thing will happen. the proportion between the number of events in a comprehensive list of equally likely options that result in a certain occurrence and the entire number of conceivable outcomes.
Given that the likelihood of a randomly chosen website visitor being asked to participate in an online survey is 0. 40
According to Avery, out of the following 5 users who visit the website, 2 will be requested to complete the survey.
Avery's interpretation of the Likelihood is incorrect because 0.40 indicates the probability over a lengthy period of time and numerous visits to the numbers.
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In the context of companies' attempts to encourage nonsmoking among employees, which of the following is true of the Health Insurance Portability and Accountability Act (HIPAA)?
HIPAA requires firms to offer alternatives for their employees who are smokers to avoid a surcharge for a health insurance policy.
For employees who smoke, employers must provide alternatives under HIPAA in order to avoid charging them more for health insurance.
What is HIPPA and its main purpose?The Health Insurance Portability and Accountability Act, or HIPAA as it is more often known, is a significant piece of legislation that has considerable impact on the American healthcare sector.
In order to increase efficiency in the healthcare sector, HIPAA also set a number of new standards, which healthcare institutions were required to implement in order to lessen the administrative load.
In order to facilitate the efficient movement of healthcare data between healthcare organizations and insurers, code sets and patient identities were required. This helped to streamline eligibility verification, billing, payments, and other healthcare activities.
HIPAA also enforces group health insurance requirements, bans the tax deduction of interest on life insurance loans, and caps the amount that can be placed into a pre-tax medical savings account.
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Helppppp
Suki has placed $800 in an account that pays 4 percent interest compounded quarterly. At the end of two years (eight quarters), the balance in the account will be $
. That means Suki will have earned $
in interest during that time. (Round your answers to the nearest cent.)
What will be the balance in the account at the end of two years (eight quarters)? How much interest will Suki have earned during that time? (Round your answers to the nearest cent.
In other terms, compound interest is interest on principal + interest and refers to the addition of interest to the principal amount of a loan or deposit. Reinvesting interest, or adding it to the lent capital rather than paying it out or requiring payment from the borrower, results in interest being earned on the principal amount plus previously accumulated interest in the next period. In economics and finance, compound interest is common.
In contrast to simple interest, which doesn't compound because past interest isn't added to the principle for the current period, there is compounding with compound interest.
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The term skunkworks is used to refer to a specialized type of outside contractor that corporations use to develop entrepreneurial ideas.a. Trueb. False
Answer: False
SkunkworksA small, loosely organized group of people who conduct research and create a project for the sake of technological innovation is referred to as "skunkworks" in slang.
Skunkworks projects frequently operate independently from a company's regular research and development activities and are thus subject to resource constraints. Many times, projects are started in secret with the understanding that if they are successful, the product will then be designed subsequently via the standard procedure.
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The primary goal of a(n) ______ is the creation of standardized goods and services that will address the needs of customers worldwide.
The primary goal of a globalization is the creation of standardized goods and services that will address the needs of customers worldwide.
The term "globalization" describes how individuals have become more interconnected on a political, economic, and social level. We are edging away from isolated nations and toward a more interconnected global community. Business globalisation is the process through which a corporation transitions from being connected with a single country to one that conducts business internationally. Market globalization and production globalization are the two main areas in which the effects of globalization on company may be divided.
The lowering of obstacles to selling abroad is referred to as market globalization. With fewer limitations when crossing borders and lower tariffs that keep consumer prices lower, this shift will make it simpler for your business to start selling products abroad.
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nathan opened an interest-bearing savings account two years ago. his account balance, in dollars, can be calculated using the expression shown below, where t is time, in years. use the given expression to complete the statements below. the quantity that represents nathan's initial deposit is . the quantity that represents the rate at which the account is increasing is , which means the interest rate on the account is %. the quantity that represents the number of times the account compounds each year is .
The expression to calculate Nathan's account balance is: Account Balance = initial deposit * (1 + rate)^(t)
The quantity that represents Nathan's initial deposit is "initial deposit".
The quantity that represents the rate at which the account is increasing is "rate", which means the interest rate on the account is rate x 100% (for example, 0.03 x 100 = 3%).
The quantity that represents the number of times the account compounds each year is "t", which means if t = 2, then the account compounds twice per year.
Usually, the amount consists of one to two percent of the total price of the residence. For example, if you are buying a $300,000 home, you may expect to pay $3,000 to $6,000 as your initial deposit. Earnest money is one of the many expenses associated with buying a home.
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Ghandi Medical University Centre is engaged in full time teaching and medical research for a medical college, dental college, nursing college and other health related professions. It is attached to university which enrolls approximately 2,000 students. It has about 800 beds in medical, surgical and psychiatric wings. It is funded by state government. It is widely recognized as top institution in the provision of medical services in the state. However, the medical center faced consistent financial problems; especially the teaching is unable to break-even.
The state government has brought Dr. Rao, previously Director of a large private hospital by offering lucrative salary and perks. Lured by an excellent salary, favorable climate and the opportunity to test his abilities, Dr. Rao accepted the post of Director of the center.
In the post of Director, Dr. Rao holds control of administration of the teaching, hospital and the college of health related professions. He is accountable for both its management and its budget. While Dr. Rao enjoys free hand in the internal affairs of the university, all long range plans and budgets are approved by state legislature and university. The medical center is expected to obtain approval for major programs from both the university and state it is subject to their rules, regulations and priorities. While the state favors expenditure on health care, the university prefers a budget structure supporting teaching and research.
This being the external intricacies, Dr. Rao found that the teaching and health care personnel directly reporting to him have conflicting priorities. While the former group emphasizes teaching and research, latter stresses on health care. A sluggish bureaucracy entrenched in the organization, most of the important people respect it as it provides necessary resources. However, many individuals within the bureaucracy flap well-conceived plans because they lack initiative or have interest in the effective management of the institution.
In this back drop, Dr. Rao found Mr. Das was handling all procurements, a unique personality, he being a retired military person. While purchasing, he buys exactly what every physician orders with no regard to cost. Many of his purchases are dictated by state specifications. This frequently resulted in running out of budget allocation within eight or nine months, contributing to deficit. This forced the center to borrow supplies from local hospitals. Mr. Das, it seems neither made an attempt to change state specifications nor persuaded physician and teaching staff to order less expensive items of equal quality. However, he is not violating the rules, but discharging his duties perfectly with the bureaucracy. Dr. Rao recognized that he is not only an exception in the center.
Based on the above case answer the following questions
1. What are the specific problems of Dr. Rao? How do you eliminate them?
2. How could you redesign the organization? Construct a chart.
3. Dr. Rao is not strong believer of bureaucracy. As such what type of leadership styles are appropriative in this case?
Answer:
if you work than you will do it
Bankers usually insist that prospective business borrowers submit audited financial statements along with a loan application. Why should financial statements be audited by a CPA?
Answer:
Financial statements should be audited by a CPA because it provides an independent and objective assessment of the accuracy and reliability of the financial statements. This ensures that the information presented in the financial statements is complete and free from material misstatements. An audited financial statement can provide greater confidence to the lender that the borrower is financially sound and able to repay the loan.
Answer:
Because audited financial statements are more reliable than unaudited financial statements.
Explanation:
The money demand curve is _____ because the opportunity cost of holding money is _____ related to the interest rate.
a. downward-sloping; inversely
b. downward-sloping; directly
c. upward-sloping; inversely
d. upward-sloping; directly
The money demand curve is downward-sloping because the opportunity cost of holding money is directly related to the interest rate.
While the money demand curve shows the relationship between the amount of money demanded and the interest rate in the economy, money demand refers to the overall demand for retaining cash in an economy. Let's take a step back and give these terms some context. It is practical for people to keep money in their pockets or bank accounts.
They can pay their bills each day while they shop for food or go out with pals. However, there is a fee associated with storing cash on hand or in checking deposits. The cost of keeping money is known as the opportunity cost, and it is the amount of money you would have made if you had invested it in a resource that yields returns.
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Consider the three types of economic shocks: financial shocks, spending shocks, and supply shocks. Indicate how each affects the real interest rate, the output gap, and the inflation rate.
Consider the three types of economic shocks: financial shocks, spending shocks, and supply shocks. Determine how each one affects the real interest rate, the output gap, and the inflation rate.
A stock market crash, a liquidity crisis in the banking system, unpredictable changes in monetary policy, or the rapid devaluation of a currency would be examples of financial shocks.
How Financial shocks will affect the real interest rate, the output gap, and the inflation rate?
Financial shocks can cause real interest rates to fluctuate as investors seek safe investments during times of economic instability and uncertainty. If investors become more risk averse during a financial shock, they may demand higher interest rates for more secure investments, resulting in an increase in the real interest rate. Conversely, if investors become more willing to take risks and are more confident in the financial markets, they may be willing to accept lower interest rates, which could lead to a decrease in the real interest rate.
How Spending shocks will affect the real interest rate, the output gap, and the inflation rate?
Spending shocks can influence the supply and demand for credit in the economy, thereby influencing the real interest rate. If spending and credit demand rise as a result of a spending shock, the real interest rate may rise as lenders seek higher returns on their investments. If, on the other hand, spending slows and credit demand falls, the real interest rate may fall as lenders become more willing to offer lower interest rates to attract investors.
How Supply shocks will affect the real interest rate, the output gap, and the inflation rate?
A supply shock is an event that unexpectedly disrupts the supply of goods and services, resulting in a shortage or an increase in prices.A supply shock can cause an increase in the real interest rate. This is because when a supply shock increases prices, it makes borrowing more expensive, resulting in higher interest rates. A supply shock can cause a decrease in the output gap. This is because when prices increase, production costs increase, resulting in a reduction in output. A supply shock can cause an increase in the inflation rate. This is because when prices increase, the result is an increase in the average cost of goods and services, resulting in an increase in the rate of inflation.
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A party who seeks to appease an opponent may be willing to place the opponent's interests above his or her own, sacrificing to maintain the relationship.We refer to this conflict-handling intention as:A) collaborating.B) avoiding.C) compromising.D) competing.E) accommodating.
A party celebration who seeks to soothe an opponent can be inclined to location the opponent's pursuits above his or her personal, sacrificing to preserve the relationship.We check with this conflict-coping with aim as.E) accommodating.
The required details about Accommodating is mentioned in below paragraph.
Accommodating is unassertive and cooperative—the alternative of competing. When accommodating, an character neglects his or her personal issues to fulfill the issues of the alternative person; there's an detail of self-sacrifice on this mode.Not best can accommodations assist personnel go back to paintings quicker however they could assist boom worker productivity. After receiving help from their employer, 93% of personnel stated they might carry out their activity effectively.
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The purchase of goods and services, the sale of goods and services to customers, and costs to operate the business are all reported on the statement of cash flows under activities.
Blank 1: operating
The term refers to the sale of goods and services to customers, the purchase of goods and services, and costs to operate the business are all reported in the statement of cash flows under activities operating.
What are Operations in a Company?Operations are one of the main components in a company where operations are the activities of managing the company's internal resources so they can work efficiently. These operations are activities of buying goods or services as capital and selling goods or services made by the company. All costs incurred in these operating activities will be reported in the statement of cash flows under activities.
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If speculators bid up the value of the dollar in the market for foreign-currency exchange, U.S. aggregate demand would shift to the left. a. Trueb. False
When speculators increase the value of the dollar on the foreign exchange market, American goods become more expensive in comparison to foreign commodities, which causes aggregate demand to move to the right.
What is foreign exchange?Exchanging currencies between nations at market rates is referred to as foreign exchange. Let's examine the definition of foreign exchange in more detail. Different nations use various currencies. Currency exchange is the process of converting one nation's currency into another. a market where one currency is traded for another; for instance, in the market for euros, euros are bought and sold and paid for using other currencies like the yen. A global marketplace for trading currencies is the foreign exchange market, or forex market. It is a decentralised market where you may purchase and sell foreign currency. The market will have over-the-counter foreign exchange rates.
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To replenish the petty cash fund, the journal entry would include Answers: (A) Debit petty cash and credit Cash (B) Debit postage and credit cash (C) Credit petty cash and debit Cash (D) Credit cash and debit postage
To replenish the petty cash fund, the journal entry would include: (A) Debit petty cash and credit Cash.
How to prepare the journal entry to replenish the petty cash fund?A petty cash fund is often created with a certain amount of money in which this money are often used to meet an organization daily expenditure . This amount is often replenished at the end of the period.
The appropriate journal entry to o replenish the petty cash fund is:
Debit Petty cash
Credit Cash
(To replenish the petty cash fund)
Therefore the correct option is A.
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To replenish a Petty cash fund, the journal entry would include a debit petty cash fund and a credit cash. When a petty cash cashier credit petty cash fund, they must create a journal entry and the entry must show an increase in Petty Cash account and a decrease in Cash account, to a debit Petty Cash account and a credit Cash account.
What is a Petty Cash Fund?petty cash fund, is a small amount of money that a business owner set aside or keeps on hand to pay for smaller business expenses out of the business profit. These small amounts of cash or money can pay for little expenses like light refreshment during meetings or postage stamps ,inks, pens, etc. Petty cash is an alternative to conveniently checks for smaller transactions.
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Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: Within the dorm room, the showing of a movie (is not or is) a public good.
If it costs $12 to rent a movie, the roommates should rentmovies in order to maximize the total surplus.
Suppose the roommates choose to rent the optimal number of movies you just indicated and then split the cost of renting equally.
This means that each roommate will pay ____
The roommates are debating how many movies they should watch.This is the constraint; given that they have to pay to rent each movie.
Find the solution ?Since their dormitory room is the 'cinema', meaning that it's just going to be 4 of them and a private good that they'll pay for; then the showing of a movie is not a public good!.
(10+9+6+3) + (9+7+4+2) + (8+5+2+1) + (7+3+0+0) + (6+1+0+0)
So the sum is 28 + 22 + 16 + 10 + 7 = 83
Now to get the number of movies they should rent if they wish to maximize their total spending, divide the total willingness to pay by the cost for a movie:
83/8 = 10.375
Rounding up to the nearest whole number or in reality, that's 10 movies.
Here, we will use the approximated value 10.
10movies x $8 = $80
Splitting the cost equally, divide by 4
$80 ÷ 4 = $20
Total cost for 5 movies is 8 x 5 = $40
Dividing this by 4, you have $10 per roommate. So a surplus would be the excess of each roommate's TWTP over $10.
TWTP($) CS($)
VAN 40 30
CARLOS 25 15
FELIX 12 2
LARRY 6 -4
That's about to change or satisfaction each roommate receives, the practical problem with this 'solution' is that each roommate has an incentive to reduce the value of the movies to him; and this can only be measured by the efficient number (the number that rates the value each roommate derives from each movie).
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Assessment 5: (Algo) The Bake Shop (TBS) buys and sells cakes. To... LO 1-5
The Bake Shop (TBS) buys and sells cakes. To preserve freshness TBS donates cakes that have not been sold within 5 days to charitable organizations. To avoid waste TBS usually orders fewer cakes than it can sell. Sold out signs are frequently seen in the store. Even so, the cakes come in several flavors and occasionally some of the flavors do not sell out before the 5 day shelf life expires. Cakes cost $16 each to purchase and are sold for $22 each. During the most recent month TBS had customer orders for 28 cakes that could not be filled due to a lack of inventory. There were only 12 cakes that had to be donated to charity during the month. Based on this information the
Multiple Choice
cost of waste amounted to $264.
cost of waste amounted to $448.
opportunity cost amounted to $336.
opportunity cost amounted to $168.
Please show clear working with excel sheet and formulas where possible
Based on the given information the 'opportunity cost amounted to $168'.
What is Opportunity cost?
Opportunity cost is the potential benefit that is foregone when one alternative is chosen over another. It is the cost of making a decision in terms of the next best alternative that was not chosen. In a business context, opportunity cost can refer to the cost of not pursuing a particular course of action, such as choosing not to invest in a certain project or invest in a certain technology.
Explanation:
The cost of waste is calculated by subtracting the number of cakes sold from the number of cakes ordered, and then multiplying this difference by the cost of the cakes.
In this case, 28 - 12 = 16, and 16 x $16 = $256.
The opportunity cost is the difference between what was earned by selling the cakes and what it cost to purchase the cakes. In this case, $22 - $16 = $6, and 28 x $6 = $168.
Therefore, the correct option is Option D.
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Show the long-run effects of this policy (decreasing the money supply) on both of the graphs by shifting the appropriate curves.
The long-run effect of the central bank's policy is __________ in the inflation rate, ___________ in the unemployment rate, and ___________ in real GDP.
The long-run effects of a central bank's monetary policy can vary depending on the specific actions taken by the central bank. In general, however, the central bank's monetary policy can affect the long-run growth of the economy, the level of employment, and the rate of inflation.
fill ups :
a decrease;
no change;
no change
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