Economists use some familiar terms in specialized ways to provide a new and useful way of thinking about the world.
Do economists have a unique way of using common words?The fundamental reason for this is because when unfamiliar, sophisticated words are employed to explain a new concept, people often become confused rather than developing fresh insight. Due of this, economists apply common terminology in unique contexts.
What functions do economists play in efforts to understand or better the world?Economists take on the role of policymakers when attempting to change the world. Positive statements, on the other hand, describe the world as it is, whereas normative statements outline how the world should be. Positive claims can be supported or disproven by facts.
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if the buyer in an alleged contract for the sale of land has paid any portion of the sales price and either has begun to permanently iprove the land or has taken true or false
True, if the purchaser in an alleged land sale contract has made any payments toward the purchase price and has either started to improve the property permanently or has taken other steps to do so.
What happens to the property of a given good when it is sold pursuant to a contract?Upon execution of a contract that unconditionally stipulates the sale of specific commodities in a deliverable state, ownership of the items belongs to the buyer; it is immaterial whether the price is paid after the agreed-upon date or whether the goods are delivered after the agreed-upon date.
What kind of subject matter could the Sale of Goods Act sale contract cover?(1) Things covered by a contract of sale may either be present products that the seller owns or possesses, or they may be goods that will be delivered in the future. (2) A contract for the sale of goods may be subject to a circumstance that may or may not take place prior to the seller's capacity to make the purchase.
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morning fresh skin care, a u.s.-based beauty products manufacturer, has set up a manufacturing plant in hong kong. this is an example of
Answer: A service
Explanation: I could be wrong but you didn't put the choices if there was some.
on march 1, 2024, the company lent $20,400. the note required principal and interest at 8% be paid on february 28, 2025. prepare the necessary adjusting entry on december 31, 2024.
The necessary adjusting entry on December 31, 2024 to accrue the interest on the loan would be: Debit: Interest Expense $1,632; Credit: Interest Payable $1,632.
Interest on a loan is typically recognized as an expense as it accrues over time. On December 31, 2024, the company will have used 11 months of the loan and will owe interest for that period. To calculate the interest expense, we can use the following formula:
Interest Expense = Principal x Interest Rate x Time Period (in decimal form)
In this case, the principal is $20,400, the interest rate is 8%, and the time period is 11/12 (11 months out of a year).
$20,400 x 0.08 x 11/12 = $1,632
So, on December 31, 2024, the company would make the following adjusting entry:
Debit: Interest Expense $1,632
Credit: Interest Payable $1,632
This entry records the interest expense that has accrued on the loan as of December 31, 2024 and sets up a liability for the interest that will be due on February 28, 2025.
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Which of the following is not a part of promotional mix? A. Direct selling. B. Sales prmotion. C. Advertising. D. None of the above
D. None of the above is correct. A company's employment of a variety of promotional strategies to establish, sustain, and boost demand for its products and services is known as a "promotional mix."
What is the promotional mix?The term "promotional mix" in marketing refers to a combination of promotional factors that marketers have chosen to aid a company in achieving its objectives. It is known to be a part of the marketing mix.To accomplish a certain marketing objective, a promotional mix combines marketing strategies such as direct marketing, sales, public relations, and advertising. Usually, the promotional mix is just a small component of the overall marketing mix.To develop an effective campaign. The four categories are taken into account in a promotional mix (advertising, public relations, personal selling and sales promotion). Due to the areas that have been taken into consideration, the campaign's success will grow.Learn more about Promotional mix refer to :
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n case of conflict of ownership between employee and employer over a trade secret, the employer is normally held to be the owner when:
The trade secret was developed using the employer’s resources, during the employee’s working hours, within the scope of the employee’s employment are circumstances while employer is held owner.
What is trade secret?Trade secret is any confidential business information that provides a competitive edge and is not generally known to others. It may include processes, formulas, designs, techniques, or customer lists that are kept confidential, often through a combination of legal protections and security measures. Companies may protect their trade secrets in order to have an edge over competitors, increase profits, and remain competitive in their industry also include confidential information related to trade practices, marketing strategies, pricing data, and customer lists.
Circumstances that may lead to the need for trade secret protection include the development of a new product or process, the acquisition of a new customer, or changes in the competitive environment.
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deltra was willing to purchase a dozen cookies for $40 that deirdre was willing to sell for anything more than $22. if they agreed on a price of $26, how much total value was created in this exchange?
According to the information provided, this deal generated a total $18.
Revenue is an organization's overall profit through its primary activities, such as the sale of goods or services, the rental of real estate, regular payments, the interest on loans, etc. Before deducting any costs, like discounts and returns, revenue calculations are performed.
The following chart illustrates how the total value of the trade was calculated:
Deltra Surplus = Purchase Value − Agreed Price
Deltra Surplus = 40 - 26 = $14
Deirdre Surplus = Agreed Price − Willing to sell
Deirdre Surplus = 26 - 22 = $4
The total value produced is now = Deltra Surplus + Deirdre Surplus
total value produced = 14 + 4 = $18
In conclusion, this transaction generated a total value of $18.
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if gwen, inc. has a total debt ratio of 0.5, a total asset turnover of 0.41, and a net profit margin of 4.25%. calculate the return on equity (roe). enter percentages as decimals and round to 4 decimals.
Total Assets / Total Shareholder Equity is the Equity Multiplier.
Total Debt plus Total Equity equals Total Capital.
Total Debt / Total Assets is the debt ratio.
How is the profit margin from asset turnover determined?Revenue minus Net Income equals Net Profit Margin. Revenue minus Average Total Assets equals Asset Turnover. Average Total Assets Average Shareholders Equity = Financial Leverage Ratio.
What does a debt-to-income ratio of 0.45 mean?A company with a debt ratio of.45 has.45 in equity and.55 in debt for every dollar of assets.
How is net profit margin determined?Calculating the net profit margin is straightforward. Divide your net income by your sales (or revenue, sometimes called the top line). Your net profit margin, for instance, would be 10% if your sales were $1 million and your net income was $100,000.
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** welcome to the cpsc 1071 payment calculator ** enter the principal amount: 5000 enter the annual interest rate (in %): 15 enter the monthly payment: 100 calculating... 79 months (6.6 years) are needed to pay your loan off. did you know if you paid an additional $15 per month, you would pay off your loan 16 months earlier?
Thank you for visiting online cpsc 1071 payment calculator. Put the principal sum here: Enter 5000 and then enter 15 for the yearly interest rate and 100 for the monthly payment. Entering the monthly payment after 79 months, or about 6.6 years,
The entire amount paid, including interest, is $7895.60.
How are monthly interest payments determined?Add the number of payments you'll be making that year from the interest rate. You should split 0.06 by 12 to even get 0.005 if you had a monthly payment schedule and an interest rate of 6%. To determine how much interest you'll be paying that month, multiply that amount by the amount of the loan still outstanding.
How is the formula used to determine a loan's monthly payments?Therefore, you can split your interest rate by 12 to determine your monthly loan payment. Divide whatever result you come up with by your principle. Monthly payment = principle x (interest rate / 12) is a more straightforward formula to use. Even if the formula appears to be complicated, it need not be.
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which of the following are issues most explored in microeconomics? multiple select question. the expenditures of a government entity unemployment and inflation rates the level of public debt measuring total revenues of a firm measuring the price of specific goods
The answer is unemployment and inflation rates, these are issues most explored in microeconomics.
What is microeconomics, and how does it work?Microeconomics is the area of economics that studies how people make decisions and allocate resources in the context of their own lives, businesses, and households. Demand and supply are two examples of microeconomic factors.
How would you define microeconomics in plain English?Definition: Microeconomics is the study of how people make decisions and allocate resources in individuals, households, and businesses. It mostly pertains to markets for products and services and addresses both personal and financial concerns.
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in a dispute between a mining company in west virginia and a steel manufacturer in pennsylvania, which court would have jurisdiction over the case?
In a dispute between a mining company in west virginia and a steel manufacturer in pennsylvania, Federal court would have jurisdiction over the case.
'What is Federal court?'
The federal court system is divided into three primary levels: district courts, which serve as the trial court, circuit courts, which serve as the first level of appeal, and the Supreme Court of the United States, which serves as the system's last level of appeal. In the entire nation, there are one Supreme Court, 94 district courts, 13 circuit courts, and more.
There are numerous ways in which federal courts operate differently from state courts. The categories of cases that can be handled in the federal system are the main distinction for civil matters (as opposed to criminal trials). Federal courts only hear cases that are permitted by the United States Constitution or federal statutes, making them tribunals with a narrow scope of jurisdiction.
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Business analytics certifications in high demand include _____.
Business analytics certifications in high demand include competitive advantage.
What Is a Competitive Advantage?A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins. Cost structure, branding, the standard of the product offered, the distribution system, intellectual property, and customer service are just a few examples of the variables that are thought to contribute to competitive advantages.
The ability to outsell competitors' goods and services to consumers is known as having a competitive edge. Comparative and differentiated advantages are two types of competitive advantages.
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amount number of units sold 12,000 selling price per unit $ 16 variable selling expense per unit $ 1 variable administrative expense per unit $ 1 total fixed selling expense $ 20,000 total fixed administrative expense $ 15,000 beginning merchandise inventory $ 12,000 ending merchandise inventory $ 25,000 merchandise purchases $ 89,000 required: prepare a traditional income statement. prepare a contribution format income statement.
Traditional income statement: Net operating income $47,000
Contribution income statement: Net operating income $25,000
To calculate the Traditional Income Statement we need sales value and variable selling expenses.
Traditional Income Statement = Sales (11,000 x $16)
Traditional Income Statement = $176,000
Now, Cost of goods sold = (9,000 + 87,000 - 25,000) = ($71,000)
Gross Margin = $105,000
To calculate the Selling and administrative expenses:
Selling expense = (11,000 x 1) + 22,000
Selling expense = $33,000
Administrative expense = (11,000 x 1) + 14,000
Administrative expense= $25000
Net operating income = $47,000
2. Contribution format income statement
Sales = $176,000
Variable expenses:
Cost of goods sold= 71,000
Selling expense= 11,000
Administrative expenses = 11,000
Contribution Margin = $83,000
Fixed expenses:
Selling expense = $33,000
Administrative expense =$25,000
Net operating income = $25,000
In conclusion, we can conclude that,
Traditional income statement= $47,000
Contribution income statement= $25,000
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case study if you were hired to help southeast airlines, what are some questions that might be appropriate to ask the leadership team at southeast?
if you were employed to assist Southeast Airlines, In addition to being one of the world's most socially responsible businesses and one of the three most admired firms in America, southwest Airlines was also named the year's best airline globally.
His biggest achievement as CEO was ensuring that all of Southwest's workers had employment following 9/11 (the only major airline to do so). The employees that Southwest Airlines has employed over the years have made a difference, according to Parker (2008) in his book Do the Right Thing. As one of his chapter titles suggests, Great Organizations Have Great Leaders at Every Level.
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which of the following statements are correct regarding the characteristics of a guardianship of the person used to care for the personal needs of an incompetent person? the guardian is appointed by a court. the guardian is appointed by a durable power of attorney. the guardian's authority may be plenary or limited. a guardian becomes personally liable for the incompetent person's expenses. a) i and iii b) ii and iii c) iii and iv d) i, ii, and iv
The statements are correct regarding the characteristics of a guardianship of the person used to care for the personal needs of an incompetent person is "the guardian is appointed by a court" and "the guardian's authority may be plenary or limited". The correct option is A.
The guardianship is defined as the person who has been appointing to look and care another person property. The guardianship is came under the legal guardian. The legal authority to make the specific decision for another property.
That's the reason for the guardianship is the guardian is appointed by a court and the guardian's authority may be plenary or limited.
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what is a high-end desktop computer or one that is connected to a network in a business setting?
Workstation is a high-end desktop computer or one that is connected to a network in a business setting .
In networking, what is a desktop computer?
A desktop computer is a type of personal computer made to sit on top of a standard office desk.
It links to input devices like the monitor, keyboard, and mouse that users use to interact with a computer and houses the actual hardware that makes a computer run.
What does "computer network" mean?
Computing equipment that are connected to one another and have the ability to share resources and exchange data are referred to as being in a computer network.
To send data across wired or wireless technologies, these networked devices employ a set of guidelines known as communications protocols.
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an intermediary that pools and manages funds for many investors is called . multiple choice an investment company an insurance company an investment banker a commercial bank
Option A. An intermediary that pools and manages funds for many investors is called an Investment Company.
An Investment Company is a type of financial institution that pools the funds of many investors and invests them in a variety of financial instruments such as stocks, bonds, and other securities. The investment company acts as an intermediary between the investors and the financial markets, providing investors with professional management and diversification of their investments. Investment companies come in different forms, such as mutual funds, exchange-traded funds (ETFs), and closed-end funds. By pooling the funds of many investors, investment companies provide access to a wider range of investment opportunities and allow smaller investors to benefit from the expertise of professional money managers. The investment company earns its income by charging management fees based on the assets under management and by earning a return on the investments.
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An intermediary that pools and manages funds for many investors is called multiple choice?
A. An investment company
B. An insurance company
C. An investment banker
D. An commercial bank
sophie's been asked to create image assets that adhere to best practices for app campaigns. she wants to guarantee placement across all channels. at minimum, what image assets should sophie create and upload?
Image assets should Sophie create and upload - Somewhere around two landscape images with next to no superimposed text or logo (Also known as - graphical representation) To guarantee situation across all channels, transfer no less than two scene pictures with practically no superimposed text or logo.
In today's digital world, graphical representation is a powerful tool for communicating with your target audience. In this context, it's essential to have a set of high-quality images that represent your brand or product in a consistent manner across all your channels.
In the given scenario, Sophie has been asked to create and upload at least two landscape images with minimal superimposed text or logo. The purpose of this request is to ensure consistency across all channels and to ensure that the images are suitable for a wide range of uses.
Landscape images refer to photographs or graphics that are horizontally oriented, with a width greater than their height. They are a popular choice for a wide range of uses, such as website backgrounds, product packaging, social media posts, and more.
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A medical school student opens a credit card to pay for living expenses during their first year of medical school. the student expects to pay $12,500 in living expenses. the credit card company charges an annual interest rate of 15.99% compounded continuously. if no payments are made for three years, what will be the balance on the card rounded to the nearest penny?
The balance on the card rounded to the nearest penny after three years will be $20,191.
The formula for computing the balance on a credit card with continuous compounding is:
[tex]Balance = P * e^{(rt)}[/tex]
Where,
P = Principal amount,
e = Mathematical constant approximately equal to 2.71828,
r = Annual interest rate
t = Time in years.
In this case, the principal is $12,500, the annual interest rate is 15.99% or 0.1599, and the time is three years.
Substituting these values into the formula, we get:
[tex]Balance = 12,500 * e^{(0.1599*3)}[/tex]
[tex]= 12,500 * e^{(0.4797)}[/tex]
= 12,500 * 1.6153
= 20,191.25
Therefore, The balance on the credit card after three years will be $20,191.
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Answer:
The answer is A. $20,194.87.
Explanation:
I got it right on my practice exam.
Prices usually allocate resources efficiently because they allocateresources to the lowest value good or service.consumption to the lowest value good or service.consumption to the highest cost of good or serviceresources to the highest value good or service
The appropriate statement is resources to the highest value good or service. Because they direct resources toward the good or service with the highest value, prices typically manage resources effectively.
What does it mean to distribute resources?Resource allocation is the process of allocating and managing resources in a manner that satisfies a company's key planning goals. In order to get the most out of soft assets like human capital, resource allocation entails managing real assets like hardware. The purpose of resource allocation
Why is resource distribution crucial?To avoid staff burnout, effective resource allocation should make sure that the workload is distributed equally among all resources. By ensuring resources have the requisite training, knowledge, and abilities to finish the work assigned to them, effective resource allocation should enable teams to accomplish their goals.
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if a supplier group is able to maintain a credible threat of forward integration, the power of suppliers will be enhanced. group startstrue or falsetrue, unselectedfalse, unselected
The answer is true, if a supplier group is able to maintain a credible threat of forward integration, the power of suppliers will be enhanced is true.
What distinguishes a distributor from a supplier?Supplier vs. distributor While suppliers usually always sell to other businesses that will eventually sell to the final consumer, distributors can sell to the final consumer or other businesses. A corporation may get tangible goods from suppliers and distributors alike.
What are some instances of suppliers?A supplier is a person, company, or other entity that offers goods or services to another entity. One example of a supplier is a company that provides PCBAs to a laptop manufacturer or OEM.
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hich aspect of Argentina's economic environment are international businesses most likely to perceive as attractive? a. Infrastructure b. Natural resources c. Educational system d. Economic system
Argentina's economic environment is one that international businesses are likely to find infrastructure.
A is the correct answer.
What is the foundation of Argentina's economy?Agriculture, forest management, and fishing are all important industries. Argentina is a major exporter of soybeans, wheat, and meat in the world. It is also a major producer of wool as well as wine, though the majority of its champagne is gobbled up indigenously.
What distinguishes Argentina's economy?Argentina has distinct competitive benefits in agriculture due to the country's abundance of highly agricultural farmland. Among 1860 and 1930, extraction of the rich pampas land drove economic growth.
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if the liquidity premium theory completely describes the term structure of interest rates, then, on the average, the yield curve should be group of answer choices none of these are correct. downward sloping. upward sloping. flat.
If the liquidity premium theory completely describes the term structure of interest rates, then, on the average, the yield curve should be upward sloping.
What does the concept of the liquidity premium mean?
According to the liquidity premium theory, bondholders strongly prefer to hold short-term bonds as opposed to long-term bonds.
Because of the volatility of their pricing, short-term bonds are less prone to interest rate risk than long-term bonds. significantly less for a given change in interest rates.
What is 3 liquidity premium theory?
Bonds commonly make use of the liquidity premium hypothesis. It merely indicates that there is a risk-reward component to investment. Investors that take on more risk can expect bigger profits. You may have heard the saying, "the bigger the risk, the greater the gain."
According to the principle of the liquidity premium, bond investors favor short-dated securities that are highly liquid and have a swift sell-off potential over long-dated securities.
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assets that are actively traded and that have readily available market value information should use which measurement principle?
The fair value principle should be applied to assets that are actively traded and for which market value data is easily accessible. measurement theory.
The fair value is the sum at which an asset, like as a good, stock, security, or piece of real estate, can be sold or a liability paid at a cost that is reasonable for the buyer and the seller. The fair value principle can be used whether selling a single item, a collection of assets, or even an entire company.
Fair value is the current cost of a good, asset, or business. It is the sum that two knowledgeable persons may logically trade for an item. In contrast to fair value, historical cost refers to the purchase price or transaction price at which an asset was acquired.
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Correct Question:
Assets that are actively traded and that have readily available market value information should use what measurement principle?
What is an effective way for digital marketers to use content?
A. Refrain from answering questions directly.
B. Intrigue visitors by making them question the purpose of the content.
C. Narrow the content to suit the target market specifically.
D. Ensure all content is directly about the firm's products or services.
An efficient technique for digital marketers to employ content is to tailor it to their unique target market, allowing them to adapt to their audience's requirements and interests.
What is digital marketing?Digital marketing is the promotion of a product or service using digital channels such as search engines, social media, email, and websites. This type of marketing enables companies to reach a larger audience and connect with potential customers in a more targeted and cost-effective manner. Through numerous strategies such as search engine optimization, social media advertising, email marketing, and content marketing, the purpose of digital marketing is to raise brand awareness, increase website traffic, and eventually generate sales. Because of the increasing reliance on technology, digital marketing has become a vital component of every effective marketing plan.
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In Country T, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In Country Y, it takes 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Country T has a comparative advantage over Country Y in cocoa. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it; however, this conclusion stems from which of these inaccurate assumptions?
We have assumed constant returns to scale.
We have assumed the prices of resources and exchange rates in the two countries are dynamic.
We have assumed there are barriers to the movement of resources from the production of one good to another within the same country.
We have assumed that agrarian nations do not specialize in producing particular products.
We have assumed diminishing returns to specialization.
First option is correct. Assuming a constant return to scale. Comparative advantage simply states that an economy should produce goods and that economy has a lower opportunity cost than that economy.
Based on your analysis of the question, the incorrect assumption is that you assumed a constant return to size. This means that as the amount of inputs such as capital and labor used in production increases, so does the output. In practice this is not always true.
Return to scale is a term that refers to the proportionality of change in production after all input quantities in production have changed by the same factor. Technologies show increasing, decreasing or constant returns to scale.
An increase in yield occurs when the increase in output is greater than the increase in input during the production process. For example, if inputs increase by a factor of 3 and outputs increase by a factor of 3.75, the firm or economy has experienced a return to scale.
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question 8 assume the annual interest rate is 6%. calculate the value of an investment that pays $100 every two years, starting two years from now and continuing forever.
Starting two years from now and continuing forever is 1666.67.
What is annual interest?
Instead of just a monthly fee or rate as applied to a loan, home loan, credit card, etc., The term annual percentage rate of charge refers to the interest rate for a whole year. Other names for it are nominal APR and effective APR. It is a finance charge at an annual rate. The term "annual interest rate" refers to the interest rate that is imposed year round. Among other time periods, interest rates may be imposed on a monthly, quarterly, or biennial basis. However, annualization is the norm for interest rates. Given that monthly interest is paid rather than annually, which is the difference between the two, monthly interest is a great option if you want a steady revenue stream.
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Which factor most increased the demand for enslaved labor in virginia?
Answer:
Virginia planters developed the commodity crop of tobacco as their chief export. It was a labor-intensive crop, and demand for it in England and Europe led to an increase in the importation of African slaves in the colony.
when raw materials are purchased, the work in process inventory account is debited. True or False?
The statement is FALSE.
Its balance represents the value of raw materials actually on hand. The work-in-process inventory account is debited when materials are requisitioned for a job, not when materials are purchased.
Work-in-Process Inventory Account:The work-in-process inventory account is unique to manufacturing companies because it represents manufacturing costs incurred on products that are not yet been finished. The account increases on the debit side with costs added and decreases on the credit side when finished goods are transferred to the warehouse.
The statement is false.
The purchase of raw materials should be recorded as a debit to the Raw Materials inventory account in a job order cost system. The raw materials account increases when raw materials are purchased and decrease when materials are issued to the manufacturing process. Its balance represents the value of raw materials actually on hand. The work-in-process inventory account is debited when materials are requisitioned for a job, not when materials are purchased.
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suppose that serendipity bank has excess reserves of $8,000 and checkable deposits of $150,000.
Instructions: Enter your answer as a whole number.
If the reserve ratio is 20 percent, what is the size of the bank's actual reserves? $__________.
If the reserve ratio is 20 percent, the size of the bank's actual reserves is $15000.
What is reserve ratio?The reserve ratio is the relationship between a bank's reserves and its deposit obligations. Reserves are monies held by a bank in its vault or with a central bank to ensure that the bank has adequate funds to meet its obligations to its clients. The reserve ratio is represented as a percentage and is used by central banks to control the money supply by affecting the amount of money available to commercial banks to lend. Increased reserve ratios force banks to hold a larger proportion of their deposits in reserve, decreasing the amount of money available for lending and potentially slowing economic growth.
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one way to help employees connect with the people and things that will help them achieve their professional goals is to: question 25 options: develop goals that stretch their ability give them assignments that are engaging connect people with mentors and help them build networks promote deserving employees
One way to help employees connect with the people and things that will help them obtain their professional goals is to C: "connect people with mentors and help them build networks".
Connecting employees with mentors and helping them build networks is an effective way to support their professional growth and development. Mentors can provide guidance, advice, and support, and can help employees identify and pursue opportunities that align with their professional goals.
Networks can also be valuable for employees, as they can provide access to new information, new perspectives, and new opportunities. By building a network of contacts, employees can broaden their knowledge, develop new skills, and gain exposure to new ideas and best practices.
Both mentors and networks can be valuable resources for employees, and by connecting employees with these resources, organizations can support their professional growth and help them achieve their goals. This can have a positive impact on employee satisfaction and retention, and can contribute to the overall success of the organization.
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