To record Mack's receipt of dividends from its investment in Ball, the following journal entry should be recorded:
Debit: Investment in Ball Corporation (25% x $30,000) = $7,500
Credit: Dividend Income (25% x $30,000) = $7,500
The "Investment in Ball Corporation" account is debited, and the "Dividend Income" account is credited, for Mack's share of the dividend received from Ball. This entry reflects the appreciation of the investment as well as the receipt of cash dividends.
Mack Corporation is considered an equity method investment because it has acquired 25% of Ball Corporation's common stock. The investor records its share of the investee's income and dividends on its own income statement using the equity method of accounting.
It should be noted that this assumes Mack Corporation has significant influence over Ball Corporation, which is usually the case when an investor owns 20-50% of a company's common stock. If Mack Corporation owned less than 20% of the company, it would be considered a passive investor, and dividend income would be recorded as a simple cash receipt.
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russell company has acquired a building with a loan that requires payments of $29,000 every six months for 5 years. the annual interest rate on the loan is 12%. what is the present value of the building? (pv of $1, fv of $1, pva of $1, and fva of $1) (use appropriate factor(s) from the tables provided.)
Valuation of constructing or property is the method of calculating the existing marketable cost of a building. Valuation of a constructing depends on the sort of building, its structure, durability, location, size, shape, the width of roads, frontage, types and exceptional of building materials used and the value of these materials.
How do you calculate the present cost of a building?value is calculated by way of assuming a appropriate price of hobby prevailing in the market. For example, consider a fee of interest as 5%, the Year's Purchase = 100/5 = 20 years. The net income elevated by using the year's purchase gives the capitalized cost or the valuation of the property.
Present fee is the cost right now of some amount of money in the future. For example, if you are promised $110 in one year, the present price is the present day fee of that $110 today.
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A person who suffers from communication apprehension would be MOST uncomfortable in which situation?
Question 17 options:
attending a class in a large lecture hall
studying in a library
attending a new student meet-and-greet event
going shopping with her sisters
Answer:
Studying in a library
Explanation:
What may one feel with such condition?
One might feel the hands getting cold or our heart racing. He might start to perspire. He might get "stomach butterflies" or perhaps a queasy feeling. He may begin to pace uncomfortably or our hands and legs may begin to tremble.
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the buyers do not have enough money saved for a down payment. however, they do have excellent incomes. they really want to buy a certain home right now. if the owner is willing, they could enter into a
The purchasers lack the funds necessary for a down payment. They do, however, earn quite well. They are currently really keen to purchase a specific house. If the owner agrees, they could sign a Lease-Option Agreement.
What is meant by payment?
Payment refers to the act of giving or receiving money. He had made an effort to get paid for a money he claimed was owed to him. [ + of] For and also Synonyms: expenditure, payment, release, settlement More words for "payment" the variety of methods that businesses can use to obtain payments from their customers, including credit cards, digital wallets, direct debit, offline payments, etc.
You might pay with cash, a credit card, or a mobile service like Apple Pay in a store. The two most popular forms of payment are credit and debit cards. Purchasers are given credit by credit card companies like Visa, Mastercard, American Express, and Discover; they pay for the purchase price, and cardholders are responsible for paying the monthly amount on their cards.
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which of the following is an asset use transaction? multiple choice accrued salary expense at the end of the period.
An asset use transaction, such as recording insurance expense at the end of the period, reduces equity while increasing assets (prepaid insurance) (insurance expense decreases retained earnings).
What is insurance expense?
A company's insurance costs include the cost of the insurance contract as well as any additional premium payments. The company's payment is recorded as an expense for the given accounting period. If the insurance is utilised to cover operations and production, the cost can be broken down into each unit produced over the course of the period and listed in an overhead cost pool. When this happens, some of the insurance costs will be recorded under the cost of goods sold (COGS) and some of it will be recorded under ending inventory.
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select all that apply which of the statement(s) below define(s) an asset? (check all that apply.) multiple select question. an amount owed to a creditor an amount owned resources controlled by the business resources with expected future benefits an amount owed to the owners
Option 2nd and 3rd are correct. The statements that defines asset are Amount owned by a resource managed by an entity and Amount owed to resource owner with expected future benefits.
An asset is a resource of economic value owned or controlled by an individual, company, or country with the expectation of future profit.
Assets are reported on the company's balance sheet. They are classified as short term, fixed, financial and intangible.
An asset is anything that can generate cash flow, reduce expenses, or increase sales, whether it's manufacturing equipment or patents.
An asset is a resource of economic value owned or controlled by an individual, firm, or country with the expectation of future profit.
Assets are reported on the company's balance sheet.
Assets can be classified as current assets, fixed assets, financial assets, or intangible assets.
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Because bagels and cream cheese are often eaten together, they are complements.
Consider the effect of a rise in the price of flour, an input to making bagels.
On the following graph, show the effect of the rise in the price of flour on the market for bagels.
Therefore, a rise in the price of flour would cause the equilibrium price of bagels to (either fall or rise) and the equilibrium quantity of bagels to (either fall or rise) .
On the following graph, show the effect of the rise in the price of flour on the market for cream cheese.
Therefore, a rise in the price of flour would cause the equilibrium price of cream cheese to (either fall or rise) and the equilibrium quantity of cream cheese to (either fall or rise) .
As flour prices rise, so will the number of bagels. As a result, the supply of bagels would decrease and the supply curve would shift to the left, lowering the equilibrium number of bagels and increasing the price of cream cheese.
What exactly is a supply curve?The supply curve is based on the law of supply, which asserts that as prices rise, the number of products supplied rises as well, meaning that the factors determining the elements remain constant. Normally, the curve rises higher and to the right because product prices and quantity supplied are directly related to each other.
Even little changes in the factors would have a substantial impact on the curves, generating a shift in the supply curve. Labor productivity, input costs, technology, producer expectations, government activities, and the number of producers all influence how it appears.
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Which of these is an accurate statement regarding the fixed period settlement option on a life insurance policy?a. a portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policyb. payment can be adjusted monthly by the beneficiaryc. a portion of the payments paid to the beneficiary comes from interest generated from policy loansd. payments are normally guaranteed for 10 years or moree. a portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policy
A death benefit will be paid to beneficiaries of whole life insurance policies with the assurance of payment in exchange for level, recurring premium payments. The agreement contains a...
What are the 3 beneficiaries?
A death benefit will be paid to beneficiaries of whole life insurance policies with the assurance of payment in exchange for level, recurring premium payments. The agreement contains a...
The person (or individuals, or organisations) you designate to receive your possessions after your death is known as a primary beneficiary. In the event that the primary beneficiary passes away, a contingent beneficiary will be the next in line to receive your assets. Any assets that aren't specifically designated for another beneficiary go to the residuary beneficiary.
The funds are delivered directly to your beneficiary, bypassing your estate and helping you save time and money. There are three different categories of beneficiaries: contingent, revocable, and irrevocable.
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An automated procedure designed to test all items in a population in order to identify violations of a particular control activity is called.
"Exception testing" refers to an automated process created to test every item in a population to find instances when a specific control action has been violated.
Explain the term exception testing?Taking care of run-time failures helps to ensure that the flow of the test is not disrupted.
Technically speaking, an exception is a run-time object.In software testing, the statements that include errors are skipped, and test execution is then continued.Exception testing is just a unique function that was added to JUnit4. You had learned how to use test to test exceptions in JUnit in this lesson (excepted)When using Junit, you may verify the whether code is throwing exceptions or not, as well as trace the exception.Types of Exceptions:
RecoverableUnRecoverableThus, "Exception testing" refers to an automated process created to test every item in a population to find instances when a specific control action has been violated.
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a company reports the following amounts in its year-end balance sheet: accounts receivable of $42,000; accounts payable of $34,000; accumulated depreciation of $40,000; buildings of $180,000; cash of $25,000; equipment of $90,000; prepaid insurance of $10,000; salaries payable of $22,000; office supplies of $6,000; and unearned revenue of $16,000. the dollar amount of current assets that will not be converted into cash totals
The company's current ratio is 1.15:1.
What is balance sheet?
A balance sheet is a financial statement that shows a company's assets, liabilities, and shareholder equity at a specific point in time. Balance sheets serve as the basis for determining investor return rates and evaluating a company's financial structure.
The balance sheet is a financial statement that provides a brief summary of a company's assets, liabilities, and shareholder investment. Balance sheets can be used in conjunction with other important financial data when doing basic analysis or generating financial ratios.
The balance sheet of a business provides a fast overview of its financial standing at any given time. It cannot explain the trends that appear over a longer period of time on its own.
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health expenditures as a percentage of gross domestic product (gdp) are expected to rise to ________ by 2023.
Health expenditure is expected to rise to 19.3% by 2023. For FY 2023, the U.S. Department of Health & Human Services suggests budget authorization of $127.3 billion in the discretionary category and $1.7 trillion in the mandatory category.
Health expenditure focuses on important possibilities and issues that the country faces, such as combating the COVID-19 pandemic, boosting behavioral health, reducing health inequities, and enhancing the well-being of kids, families, and elders. By making substantial investments in critical areas like overdose prevention, mental health, maternity health, cancer, and HIV, this budget exemplifies the Administration's commitment to reinvesting in public health, research, and development to foster growth and shared prosperity for all Americans. Additionally, it promotes fairness through federal government efforts and ensures that the underrepresented groups served by our programs have the opportunity guaranteed to all Americans.
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fill in the blank. the agency problem refers to the possible conflicts of interest between self-interested managers as ___and shareholders of the firm who are the ___..
The agency problem refers to possible conflicts of interest between self-interested managers as the agents and shareholders of firm who are the principals.
What is a shareholder?A individual who owns at least one share of a company's stock or mutual fund unit is referred to as a shareholder. The primary proprietors of the firm are the shareholders, who also have specific rights and duties. They stand to profit from a company's success because to this ownership structure. These benefits manifest as rising stock prices or dividend payments resulting from financial gains. In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for shareholders or a decrease in the size of their portfolios. Entrepreneurs make up the majority of the key stockholders. The bulk of stockholders in more established companies are frequently kin to the founders. Due of this, many businesses are hesitant to hire majority stockholders.
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birdy consulting co. has the following accounts in its ledger: cash, accounts receivable, supplies, office equipment, accounts payable, common stock, retained earnings, dividends, fees earned, rent expense, advertising expense, utilities expense, miscellaneous expense.
Cash, receivables, supplies, office supplies, accounts payable, common stock, retained earnings, dividends, earned fees, rent expenditure, advertising expense, utilities expense.
Other expense are all listed in the ledger of Birdy Consulting Co. The selected transactions listed below must be journalized in a two-column journal for January 20y2.
The following journal entries will be made:
Particulars Debit ($) Cash credit
1. The Rent Expense Account has a balance of $3,000.
To Cash Account $3000
4. The Account for Advertising Expenses has $2,500.
To Cash Account: $2,500
5. Supplies Account..........dr. $1,800
$1,800 to Cash Account
6. Office Equipment Account..........dr. $13,900
Thirteen thousand nine hundred dollars to the accounts payable account
12. Cash Account..........dr. $14,770
$14,770 has been credited to the accounts payable account.
20. Dr. $1,475 from the Accounts Payable Account
One thousand four hundred seventy-five dollars to Cash Account
Account for Miscellaneous Expenses...............dr. $700
To Cash Account $700
Rd. $610 for the utility (heating) expense account.
To Cash Account $610
31. Cash Account........dr. $37,300
To Fees Earned Account $37,300
dr. $900 in the utility (electricity) expense account.
To Cash Account $900
31. Dividends Account..........dr. $800
To Cash Account $800.
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Full Question = Birdy consulting co. has the following accounts in its ledger: cash, accounts receivable, supplies, office equipment, accounts payable, common stock, retained earnings, dividends, fees earned, rent expense, advertising expense, utilities expense, miscellaneous expense. journalize the following selected transactions for january 20y2 in a two-column journal. journal entry explanations may be omitted. if an amount box does not require an entry, leave it blank. date transactions jan. 1. paid rent for the month, $3,000. 4. paid advertising expense, $2,500. 5. paid cash for supplies, $1,800. 6. purchased office equipment on account, $13,900. 12. received cash from customers on account, $14,770. 20. paid creditor on account, $1,475. 27. paid cash for miscellaneous expenses, $700. 30. paid utility (heating) bill for the month, $610. 31. fees earned and billed to customers for the month, $37,300. 31. paid utility (electricity) bill for the month, $900. 31. paid dividends, $800.
Computing Activity Rates, Assigning Costs for a Service Industry [LO 4-3, 4-4, 4-5, 4-7] The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. The university provides both traditional undergraduate courses to 10,800 students and continuing professional education (CPE) courses to 7,200 practicing professionals. UDH has just hired a new controller who wants to utilize ABC. The controller has identified three key activities performed by the university and the cost of each of these activities: • UDH has 3 buildings with a total of 180,000 square feet of classroom and facility space. Due to the large space requirements for labs and other training facilities, the undergraduate program utilizes 153,000 square feet. Total cost, $2,034,000. • UDH offers career placement services for undergraduate students, career counseling for active professionals taking CPE courses, and other student services to both groups. Total cost, $558,000. • UDH offers 1,400 different instructional courses each year, 910 of which are undergraduate courses. Total cost, $3,640,000. Required: 1. Compute an activity rate for each of the three activities identified by the controller. 2. Compute cost driver values and activity proportions for each group of students for each activity. 3. Determine the amount of costs assigned to each group of students and the cost per student to UDH to provide these three key activities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute an activity rate for each of the three activities identified by the controller. (Round activity Rates to 2 decimal places.) Activity Activity Cost Driver Cost Total Activity Driver Activity Rate Facilities Square Feet $ 2,034,000 Services Number of Students $ 558,000 Instruction Number of Courses $ 3,640,000 The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. The university provides both traditional undergraduate courses to 10,800 students and continuing professional education (CPE) courses to 7,200 practicing professionals. UDH has just hired a new controller who wants to utilize ABC. The controller has identified three key activities performed by the university and the cost of each of these activities: • UDH has 3 buildings with a total of 180,000 square feet of classroom and facility space. Due to the large space requirements for labs and other training facilities, the undergraduate program utilizes 153,000 square feet. Total cost, $2,034,000. • UDH offers career placement services for undergraduate students, career counseling for active professionals taking CPE courses, and other student services to both groups. Total cost, $558,000. • UDH offers 1,400 different instructional courses each year, 910 of which are undergraduate courses. Total cost, $3,640,000. Required: 1. Compute an activity rate for each of the three activities identified by the controller. 2. Compute cost driver values and activity proportions for each group of students for each activity. 3. Determine the amount of costs assigned to each group of students and the cost per student to UDH to provide these three key activities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute cost driv values and activity proportions for each group of students for each activity. Activity Activity Cost Driver Cost Undergraduate Activity Proportion CPE Activity Proportion Total Total Proportion Facilities $ 2,034,000 Square Feet Number of Students Services 558,000 Instruction Number of Courses $ 3,640,000 Required: 1. Compute an activity rate for each of the three activities identified by the controller. 2. Compute cost driver values and activity proportions for each group of students for each activity. 3. Determine the amount of costs assigned to each group of students and the cost per student to UDH to provide these three key activities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the amount of costs assigned to each group of students and the cost per student to UDH to provide these three key activities. (Do not round your activity rates or activity proportions.) Activity Activity Cost Driver Cost Undergraduate CPE Facilities Square Feet 2,034,000 Services Number of Students $ 558,000 Instruction Number of Courses $ 3,640,000 Total Cost Assigned Number of Students Cost per Student
Given data, ABC Costing number of pupils 11,200 undergraduate students, 4,800 CPE professionals 160,000 total square feet in total
why is oral health crucial?
Bacteria are often kept in check by the body's natural defences and proper oral hygiene practises like daily brushing and flossing. But without good dental hygiene, bacteria may build up to the point where they cause oral infections including tooth decay and gum disease. Dentists can prevent issues as well as solve them. They may be able to detect the beginning of gum disease and dental decay. It's critical to take charge of your oral health by visiting the dentist regularly so they can identify any problems early, before they become serious.
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True or False. When you have more than one account debited, you can enter them in either order without losing points.
The statement exists true. You can enter the accounts in any order when more than one has been debited without losing points.
What is meant by account debited?A debit is a withdrawal of funds from your bank account. A credit, which results in money being added to your account, is the reverse of a debit. A lot of times, your account is debited.
Any double-entry accounting system will have a debit as a component. In contrast to credits, debits exist. A particular account's debits and credits represent the inflow and outflow of money, respectively.
A debit is an accounting entry that either adds to the balance of an expense or asset account or subtracts from the balance of an equity or liability account. A financial input places it to the left.
When a bank customer uses money from their account, it results in a bank debit, which lowers the balance on the account.
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according to porter's model, which of the following should be considered when analyzing a firm's competition?
The Porter's Five Forces model defines and examines five competitive forces that affect every industry and aids in identifying a sector's shortcomings.
What does Porter's five forces model of competition entail?These factors include the quantity and strength of a company's rivals in the marketplace, possible new market entrants, suppliers, clients, and competitors' goods that affect a company's profitability. One way to improve competitive advantage in business is to use the Five Forces analysis to direct strategy.
The Porter's model of competitive advantage is what?Porter claims that the following five forces best represent the nature of rivalry in any industry: potential entry of new parties. replacement product/service threat. Suppliers' ability to bargain.
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determine which of the following scenarios describe decisions, which of them describe games with a small number of players, and which of them describe games with many players. in each case, indicate what specific features of the scenario caused you to classify it as you did. 1. a group of grocery shoppers in the dairy section, with each shopper choosing a flavor of yogurt to purchase 2. a pair of teenage girls choosing dresses for their prom 3. a college student considering what type of postgraduate education to pursue 4. the new york times and the wall street journal choosing the prices for their online subscriptions this year 5. college students in a class, deciding how hard to study for the final exam 6. a presidential candidate picking a running mate
When faced with a choice, a rational person's utility depends on his own actions but is unaffected by those of other participants.
Describe a game.
A game is a systematic kind of play that is typically done for enjoyment or fun, though it can also be used as a teaching tool. A lot of games are also regarded as works of art. Sometimes people play games only for fun, while other times they play for recognition or reward. A game is an activity or sport that typically involves skill, knowledge, or chance in which players adhere to set rules and attempt to defeat an opponent or solve a puzzle. Examples include the fantastic game of football and the amusing activity of hide-and-seek
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a broad set of plans that outlines alternative courses of action when problems develop is called a strategy.True or False
Answer:
false
Explanation:
which of the following are characteristics of management accounting information? (select all that apply.)
Objectivity, dependability, consistency, and historical nature are traits that define managerial accounting. Financial accounting reports are subject to stricter regulations than managerial accounting reports.
What is a managerial accounting?
Managerial accounting, sometimes known as management accounting, is a type of accounting that produces documentation, reports, and statements that aid management in making better decisions about the operation of their company. Internal uses make up the bulk of managerial accounting. Capital budgeting is a tool used by managerial accountants to estimate possible cash inflows and outflows as a result of different business actions. For instance, a manufacturer would need to first calculate the project's overall cost and estimated return on investment before beginning construction on a new production facility.
Giving managers current financial data and information is the primary goal of managerial accounting. To enable them to make wise judgments on the management of the company, this information is being given to them.
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Complete question
Which of the following are types of accounting information widely used in the business community? (Select all that apply).
1. Tax accounting
2. Financial accounting
3. Management accounting
If the owners of land, labor, and capital are represented by Box B of this circular-flow diagram, then by Bos A by Box by Box A. firms are sellers in Box B 2. In the circular-flow diagram, a. factors of production flow from government to firms. b. goods and services flow from households to firms c. income paid to the factors of production flows from firms to houscholds. d. spending on goods and services flows from firms to houscholds.
For businesses, use Box A. The four sector model consists of the household, corporate, government, and international sectors. Income paid to the factors of production flows from enterprises to buyers in the circular flow diagram.
The four sector model consists of the household, corporate, government, and international sectors. In this illustration, Box A denotes commercial establishments, Box B, residential properties, Box C, the public sector, and Box D, the private sector. The circular flow model illustrates the flow of money throughout society. Employers and employees exchange payments for goods such as wages and other types of compensation. An economy is essentially a never-ending cycle of money flow. The circular flow model, a type of economic framework, explains how resources, products, and services circulate across an economy. A concept known as the circular flow of revenue records the money flows between the various businesses in order to calculate a nation's national income or GDP.
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if an economy is operating with significant unemployment, a decrease in which of the following will most likely cause employment to increase and the interest rate to decrease?
Purchase of government bonds by the central bank is most likely to result in an increase in employment and a fall in interest rates.
What is meant by interest rate?A percentage of the loan amount that a borrower must pay to a lender as a fee for borrowing money over a set period of time.The average 30-year fixed-mortgage rate is currently 6.56% on Tuesday, February 7th, 2023, up 11 basis points from the same time last week. While inflation is beginning to slow down, interest rates are expected to rise further in 2023. That is a winning combination for savers, who may receive better returns on their money while also experiencing an increase in their purchasing power. Here are your options if you're unsure of where to invest your money right now.To learn more about interest rate, refer to:
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the___to the financial statements are an integral part of the financial statements and provide a more complete understanding of the company. (enter one word per blank.)
The notes to the financial statements are an integral part of the financial statements and provide a more complete understanding of the company.
What are financial statements?
Financial statements are important instruments used by firms to monitor and offer insights into their overall financial performance and health. These reports give a quick overview of a company's finances, operating performance, and cash flows. Financial statements are utilized by external stakeholders including investors, creditors, analysts, and regulators in addition to being used internally by management to inform decisions. Making judgments regarding investing in a firm, lending money to a corporation, or providing other forms of finance is aided by financial statements.
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cash $ 15,200 cash dividends $ 460 accounts receivable 12,410 consulting revenue 12,410 office supplies 1,770 rent expense 2,140 office equipment 16,450 salaries expense 5,300 land 46,080 telephone expense 750 accounts payable 6,060 miscellaneous expenses 560 common stock 82,650
cash $ 15,200 ,accounts receivable 12,410 =152000-12410=139590
In economics, "cash" is defined as money that is physically on hand in the form of coins and banknotes.In bookkeeping and financial accounting, cash is referred to as a current asset and includes money or money equivalents that may be acquired instantly or nearly instantly (as in the case of money market accounts). Cash is used as a payment reserve, a safety net in case of structural or inevitable negative cash flow, or a way to stop the decline of the financial markets.English's "cash" was originally used to refer to a money box, but it later came to imply "money." This additional connotation took over in the 18th century, replacing all others. The Middle French word caisse is where the word "cash" first appeared (meaning "money chest") ,
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Which of the following is not a determinant of demand? (1 point)
Oprices of related goods
consumer incomes
O cost of production
consumer preferences
The cost of production is not a determinant of demand. The correct option is c.
What is demand?Demand is a principle of economics that captures the consumer's desire to buy a product or service. The demand is calculated as the price the consumers are willing to pay for the product or service. If we keep all other factors constant, the demand should go up as the prices go down, and the demand should go down as the prices go up. This simple principle keeps the market in equilibrium.
Market and aggregate demand are used to understand the demand for goods and services.
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put forward by max weber, the approach to management focuses on designing organizations with formal lines of authority and standard operating procedures to promote efficienc
Bureaucratic organization's by max weber, the approach to management focuses on designing organizations with formal lines of authority and standard operating procedures to promote efficiency.
A bureaucratic organisation is what?A bureaucratic organisation is a government agency or for-profit corporation with strictly adhered-to operating regulations and a rigid line of command. It is a hierarchical administrative system that is used in both public and commercial sector settings. A distinct hierarchy, specialisation, a division of labour, and a system of written rules, or standard operating procedures, are the four main characteristics of bureaucracies. America's bureaucracy helps the government run efficiently by carrying out three main tasks.
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A well-known car manufacturer decided to go completely to hybrids, adding more sports utility vehicles and using more cutting-edge technology. The company is also focusing more on electric cars. This example shows that strategic marketing management _______.
a. shows how many new employees to hire
b. addresses how a company can set goals
c. defines the organization’s main activity at a particular time
d. explains how to surpass the competition
When the company is also focusing more on electric cars. This example shows that strategic marketing management defines the organization’s main activity at a particular time. The Option C is correct.
What is the importance of a company's strategic marketing management?Strategic marketing management is the process of putting your company's mission into action using precise and strategic methods. Of course, all of this was done to maximize the effectiveness of your current marketing strategy.
Strategic marketing management, at its core, is the process of making strategic decisions within a marketing strategy in order to improve that strategy.
Strategic marketing assists in pricing products and services based on information gathered through market research. Strategic marketing allows organizations to make the best use of their available resources and market in accordance with their target and goals.
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FILL THE BLANK If the price of indoor cycling classes increase by $10, we would expect the demand for fitness classes to _______________. This is because indoor cycling classes and fitness classes are ______________.
If the price of indoor cycling classes increase by $10, we would expect the demand for fitness classes to increase. This is because indoor cycling classes and fitness classes are substitutes.
What is demand?Demand in economics refers to a consumer's readiness to pay a particular price for goods and services as well as their desire to buy them.
Demand for a good or service typically declines when its price goes up. The amount needed will rise when a product's price drops, in a similar manner.
Consumers and businesses are quite familiar with the idea of demand because it makes sense and happens organically throughout the course of almost any day.
For instance, when a product's pricing is low, shoppers who are keeping an eye on it will buy more of it. When costs increase, such as during a change in season, consumers may buy less or even nothing at all.
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module 6 featured worksheet 2 supply summary study guide complete the chart by indicating what happens to supply right now, when the factors of supply change as described.
The entire supply curve will alter if other supply-related parameters change. A change in supply affects the quantity offered at each price.
What is supply curve?The link between product pricing and the amount of product a seller is willing and able to supply is graphically represented by the supply curve in economics. The graph's vertical axis represents product pricing, while its horizontal axis represents the amount of the product delivered. Because businesses would typically be more motivated to produce a good as its price increased, the supply curve slopes higher. Additionally, because companies are effective and would use up the cheapest manufacturing inputs first, the cost of production tends to grow as output increases. In an industry, a change in the number of suppliers affects the quantity offered at each price, which alters supply.
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TRUE OR FALSE a distinguishing characteristic of sports marketing is an experience-based relationship, which implies that fans have to attend live games to receive value from sports offerings.
It's true that a relationship built on experience distinguishes sports marketing, suggesting that fans must attend live events to benefit from sports products.
What sets the definitions of marketing and sport marketing apart?
direct selling of sporting goods and services to consumers. Through sport promotions, other consumer or commercial goods and services are marketed. differences between standard marketing and sport. Companies must cooperate and compete. Organizations that plan, carry out, and promote sporting events are said to do sports marketing. Contrarily, marketing through sports is utilising sports to promote one's goods or services while concentrating on the target market.
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in the context of the mistakes managers make, which of the following is a difference between arrivers and derailers?
Derailers are managers that succeed early in their careers but fall off the fast track by the time they get to the medium to top echelons of management, in contrast to arrivers.
Derailers are managers that have tremendous potential and success in their early careers, but as they advance and take on more responsibility, they start to stumble and fall short of expectations. Derailers fall off the waggon for a variety of reasons, such as having poor interpersonal skills, making poor decisions, and not being able to adjust to change, in contrast to "arrivers" who keep improving and advance to top management positions. The performance of the company may suffer as a result, and prospective talent may leave. Project managers go forward in their careers to become programme managers and then portfolio managers.
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FILL IN THE BLANK. For organizational buyers, supplier development results in ______.
Supplier development produces for organizational buyers products and capabilities from suppliers that meet the needs of the buyer.
What do corporate purchasers do?Buyers who represent an organization are called organizational buyers. When making purchases, these buyers often take into account both their own preferences and the likely preferences of the clients that the organizational buyer's business will serve.
Why is organizational purchasing crucial?Businesses purchase in order to be able to offer products and services that eventually benefit end users. Consumer buying behavior refers to what people (or families) do when they purchase products and services for their personal consumption, as has been discussed.
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