Above statement is correct. Since the intended aim of managerial accounting is to support internal users within the organization in making informed business choices, it varies from financial accounting.
What is managerial accounting concerned with?Identifying, measuring, analyzing, and interpreting accounting data so that managers can utilize it to make wise operational decisions is the focus of managerial accounting, which is often referred to as cost accounting or management accounting.
What is the use of management accounting?Helping managers make decisions is the goal of management accounting. Through the use of financial predictions, management accounting enables businesses to better manage costs and make long-term plans. In order to provide thorough managerial control, it also emphasises reporting.
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products high in _____ utility are available when customers want them. typically, this means that products are available now rather than later.
Products high in time utility are available when customers want them
The idea of time utility states that a product should be accessible to customers at any time. As a result, because it is founded on the law of supply and demand, a company that provides temporary utilities can always provide clients with the quantity of goods they need whenever they need them. A company should consider the hours and days of the week it may choose to offer its services while building time utility. For instance, if a certain product is usually purchased on weekends, a firm might be open on certain days.
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regarding the prohibited specific misrepresentation item embalming, unless state or local law requires embalming, you may not tell consumers that embalming is required for practical purposes in all the following situations except?
Regarding the prohibited specific misrepresentation item embalming, unless state or local law requires embalming, you may not tell consumers that embalming is required for practical purposes When the consumer wants an open-casket funeral with a formal viewing and visitation
What Is a Misrepresentation?
A misleading statement of a substantial fact made by one party that influences the other party's decision to enter into a contract is referred to as a misrepresentation.
The agreement may be deemed void if the deception is uncovered. The person who has been negatively damaged may claim damages depending on the circumstances. In this kind of contract dispute, the plaintiff is the person asserting the claim, and the party accused of creating the misrepresentation is the defendant.
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by 1905, film companies began to give screen credit to actors and exploited their popular actors for publicity. (True or False)
The statement "by 1905, film companies began to give screen credit to actors and exploited their popular actors for publicity" is "TRUE". Film companies began to give screen credit to actors and exploited their popular actors for publicity starting in 1905.
Filmmakers started to put the camera closer to the actors so their facial expressions could be more visible in or around 1909. During the US nickelodeon boom, most of the films that were shown in nickelodeon were from abroad. In 1905, Pathe developed a hand stencil coloring system that was used to add color to all film.
The use of expository intertitles in the film by 1914 are:
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TRUE OR FALSE while organizational structure emphasizes the activities through which work gets done in the organization, organizational process emphasizes jobs and their authority relationships.
False, organizational process emphasizes the activities while organizational structure emphasizes jobs and their authority relationships.
What is organizational structure?An organizational structure outlines how tasks are assigned, coordinated, and overseen in order to achieve organizational objectives.
The basis upon which standard operating procedures and routines are built is provided by organizational structure.
In summary, the organizational structure must at the very least incorporate fundamental hierarchies and staff titles.
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according to the text, if there is one talent essential to the financial manager it is the ability to
Only a skilled financial manager can predict the future with accuracy and make the necessary preparations in case those predictions come true.
What does a financial manager do?
Financial managers analyse data and offer senior management suggestions for maximising profits. The financial stability of an organisation is the responsibility of the financial managers. They prepare financial reports, oversee investment activities, and plan for the organization's long-term financial objectives. Financial managers typically keep an eye on a company's finances and work to maintain its sustainability. They oversee crucial tasks like keeping tabs on cash flow, figuring out profitability, controlling spending, and creating reliable financial data.
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mack corporation acquired 25% of the common stock of ball corporation for $350,000. ball declares dividends of $30,000. which of the following journal entries would mack record with respect to the dividends? assume the dividends have not yet been paid.
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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fill in the blank. kiara, a market researcher, wants to study the relationship between childhood obesity and socioeconomic status. she has to decide whether to collect data on income from individuals or from a husband and wife representing the household. in this scenario, kiara has to determine the____.
She has to decide whether to collect data on income from individuals or from a husband and wife representing the household. in this scenario, Kiara has to determine the unit of analysis.
The primary topic or thing that the researcher plans to comment on in study is referred to as an analysis unit. The research question is the major factor in determining it. Simply, the "who" or "what" that the researcher is interested in exploring is the unit of analysis.
The thing that frames the subject of a study or the subject being examined in its entirety is the unit of analysis. It is the thing you are looking at. Individuals, groups of individuals, organizations, and geographical areas are all examples of this entity.
The object of your study, or the unit of analysis, is what you will discuss in your study's conclusion and is regarded as its center. When attempting to learn more about your unit of analysis, the object (or items) that we observe, measure, or gather are referred to as units of observation.
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When Carolina's house burned down, she lost household items worth a total of $80,000. Her house was insured for $180,000, and her homeowner's policy provided coverage for personal belongings up to 60 percent of the insured value of the house. a. Calculate how much insurance coverage Carolina's policy provides for her personal possessions. Insurance coverage b. Will she receive full payment for all of the items destroyed in the fire?
$108,000 insurance coverage Carolina's policy provides for her personal possessions.
(a) Calculate the amount of personal property insurance C's policy provides:
The lower of the next two sums would be the insurance coverage dollar amount.
Household item loss cost: $80,000
Insurance company reimbursement: $108,000 ($180,000 * 0.60)
Mrs C can therefore receive $80,000 in compensation for the missing items.
Up to $108,000 in insurance coverage is available for Mrs C.
(b) Will Mrs C receive a complete reimbursement for her household goods?
Yes, she may receive a complete reimbursement for her household goods because the loss of belongings of $80,000 was less than the acceptable amount of $108,000.
The response is so affirmative.
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T/F in a knowledge management system, a knowledge base consists of logical rules that identify data patterns and relationships.
The given statement that "in a knowledge management system, a 'knowledge base' comprises logical rules that identify data patterns and relationships" is false because a knowledge base typically consists of information that has been accumulated and organized, such as documents, reports, articles, best practices, and case studies.
A knowledge base can be stored in a variety of formats, including databases, document management systems, and intranet portals. It is used to support decision-making, improve organizational efficiency, and enhance learning and innovation.
Logical rules that identify data patterns and relationships are typically part of a different component of a knowledge management system, such as an expert system or a data mining system. These systems use artificial intelligence techniques, such as rule-based systems, decision trees, and neural networks, to identify patterns and relationships in data and make predictions or recommendations based on that information.
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an e-commerce site, a gas station, a local music store, and a farmer's roadside stand are all examples of a _____
An e-commerce site, a gas station, a local music store, and a farmer's roadside stand are all examples of retail businesses.
Retail businesses are companies that sell products directly to consumers for their own personal use. An e-commerce site is a retail business that sells products through an online platform. A gas station is a retail business that sells gasoline, snacks, and other products to consumers.
A local music store is a retail business that sells music CDs, instruments, and related products. A farmer's roadside stand is a retail business that sells fresh produce and other goods directly to consumers.
All of these businesses provide goods and services to customers in exchange for payment. They may operate in different ways, but they all aim to meet the needs and wants of consumers in their local communities.
Retail businesses play a significant role in the economy and are an important source of employment for many people. They also provide consumers with a convenient way to purchase the products they need and want.
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During Year 1, Chung Corporation earned $6,500 of cash revenue and accrued $2,600 of salaries expense.
Required
Based on this information alone:
Prepare the December 31, Year 1, balance sheet.
Determine the amount of net income that Chung would report on the Year 1 income statement.
Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows.
Necessary salary expenditure Balance Sheet, Net Income, Cash Flow, Accounting Equation
The accounting equation states that a company's total assets are equal to the total of its liabilities and shareholders' equity. One crucial component of the double entry accounting system is the distinct connection between equity, liabilities, and assets. The accounting equation ensures the financial accounts' balance. To put it another way, on the other side of the ledger, every debit item is covered by a credit entry. The accounting equation encapsulates the core traits of the double-entry method of accounting. The assets are always equal to the sum of the liabilities and equity, and the debit and credit are always equal.
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A. Someone in the 36 percent tax bracket can earn 7 percent annually on her investments in a tax-exempt IRA account. What will be the real value of a one-time $17,000 investment in 5 years? 10 years? 20 years? Assume that the rate of inflation during all these periods was 2 percent a year. You may use Appendix C to answer the questions. Do not round intermediate calculations. Round your answers to the nearest dollar.in 5 years: $in 10 years: $in 20 years: $B. Someone in the 15 percent tax bracket can earn 14 percent annually on his investments in a tax-exempt IRA account. What will be the real value of a one-time $17,000 investment in 5 years? 10 years? 20 years? Assume that the rate of inflation during all these periods was 2 percent a year. You may use Appendix C to answer the questions. Do not round intermediate calculations. Round your answers to the nearest dollar.in 5 years: $in 10 years: $in 20 years: $
The value of a one-time $10,000 investment in: a) Five years (b) Ten years (c) Twenty years are: $23843.35, $33441.57 and $65784.64
What is future value?The given parameters that will enable us to get our answers are:
Initial Investment = $17,000
Interest Rate = 7%
Number of years = 5
Future Value=$17000 * (1+0.7)⁵
Future Value=$17000 * 1.40255
Future Value=$23843.35
b) Initial Investment = $17,000
Interest Rate = 7%
Number of years = 10
Future Value=$17000 * (1+0.7)¹⁰
Future Value=$17000 * 1.967151357
Future Value=$33441.57
c) Initial Investment = $17,000
Interest Rate = 7%
Number of years = 20
Future Value=$17000 * (1+0.7)²⁰
Future Value=$17000 * 3.869684462
Future Value=$65784.64
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FILL THE BLANK Vondra believes that if her company created a problem for the local farm community by rationing water supplies, then her company needs to give those farmers grant money so they can get back on their feet. Vondra is advocating _____ corporate social responsibility.
Vondra believes that if her company created a problem for the local farm community by rationing water supplies. Vondra is advocating for corporate social responsibility.
Corporate social responsibility (CSR) is a self-regulatory business model that assists a corporation in becoming socially accountable to itself, its stakeholders, and the general public.
Companies that practice corporate social responsibility, also known as corporate citizenship, can be aware of the impact they have on all parts of society, including the economic, social, and environmental.
CSR implies that a firm operates in ways that benefit society and the environment rather than harming them in the ordinary course of business.
Corporate social responsibility is a wide term that can manifest itself in a variety of ways depending on the firm and industry. Businesses can improve society while increasing their brands by implementing CSR programs, charity, and volunteer actions.
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an error where the decimal place is in the wrong place, for example $54.00 instead of $540.00 is called a ______ error.
An error where the decimal place is in the wrong place, for example, $54.00 instead of $540.00 is called a place value error.
What is decimal place?
Both the whole number portion and the decimal number portion make up a decimal number. The digits immediately following the decimal point are known as the decimal portion, while the digits following it on the left are known as the whole number part. Decimal Places are the number of digits in the decimal portion of the supplied decimal number. Its place value is determined by the digit's placement within the number. For instance, since 2 is in the hundreds place in the number 1234.45, its place value is 200.
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it is generally considered best practice to use slang and sports analogies when training groups of trainees from different cultural backgrounds. doing so helps to promote fun in the learning environment, and such strategies can serve as useful mnemonic devices.
It is generally considered best practice to use slang and sports analogies when training groups of trainees from different cultural backgrounds--- False
What is the purpose of training in groups?We frequently remain confined to the activities we are accustomed to. While challenging you in ways you are unlikely to face on your own, group training can provide a wealth of new exercises and training routines.
What is the name of group training?A group training organization (GTO) is a business that was mostly set up to provide employment and training opportunities. GTOs hire apprentices and trainees and are in charge of making sure they get the right training and experience.
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cost objects include___. a) customers activities. b) anything for which revenue data is desired. c) anything for which cost data is desired. d) organizational subunits
Cost objects include customers, anything for which cost data is desired and organizational subunits.
What are cost objects?
A cost object is a technique for measuring the costs of a product, market sector, client, etc. independently in order to ascertain the precise cost as well as the selling price. Depending on the type of product or the turnover of the product, the law may occasionally demand the maintenance of cost records. The costs of materials, labour, electricity and maintenance for the production process are considered direct costs. Indirect costs include those associated with packing, shipping, and the wages of those involved in accounting and controlling the production process, among others.
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to minimize potential financial losses associated with physical assets, the assets should be insured in an amount that is
The right response is A. In accordance with the findings of both the risk evaluation, the internal audit function must review the sufficiency and efficiency of safeguards covering the organization's administration, processes, and information systems.
Along with other things, it should involve protecting resources (Impl. Std. 2120.A1). Taking out insurance is one way to protect your possessions. Annual appraisals should be used as evidence for the kinds and amounts of insurance.
What do physical assets for a business mean?
Property, equipment, and inventory are typically referred to as physical assets again for majority of organizations. The antithesis of intangible assets, encompassing things like brand names, patents, copyrights, leases, software programs, client lists, contractual arrangements, web addresses, or proprietary information, is physical assets.
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FILL IN THE BLANK Elmo Corp., a manufacturer of personal computers and printers, recently established an office furniture exporting business. This is an example of _________.
Elmo Corp., a manufacturer of personal computers and printers, recently established an office furniture exporting business. This is an example of Diversification.
What are the top two CPU producers for personal computers?
One of the most popular manufacturers is Intel, while AMD also produces a variety of CPU series. Generally speaking, the more capacity you have for processing tasks, the higher the number in the series.
A personal computer and printer firm called Elmo Corp. just started selling office furniture. This is a good illustration of diversification.
Therefore, Investing across many financial instruments, industries, and other categories is a risk management strategy known as diversification.
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item 3 a financial services firm administers a logical-reasoning skills test for all applicants to fill business analyst positions. based on an evaluation of this test, it was found that the logical-reasoning test does an excellent job of predicting the future job performance of business analysts. this result shows that the logical-reasoning skills test possesses:
This outcome demonstrates the validity of the test of logical thinking abilities.
What is reasoning logically?Logical thinking can also be defined as the act of examining a problem and developing a plausible solution. It has a critical analysis feel to it. By applying reasoning abilities, every issue may be objectively examined, allowing for a logical conclusion of how to proceed.
Let's imagine, for example, that you have a problem at work and need to find a solution. You employ your capacity for logical reasoning along with the information at hand. Your capacity to weigh important options, work through problems, generate original ideas and set objectives will play a significant role in how your profession develops.
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you will choose one federal agency to discuss in an informative essay. You should do outside research and write an essay on the structure of the agency and it’s function
The Department of Homeland Security (DHS) oversees the movement of individuals and merchandise across the United States as well as the protection of the national frontiers.
What is the role of department of Homeland Security?To protect the United States from potential terrorist acts and some other natural calamities, the Department of Homeland Security (DHS) is in charge.
All DHS Units immediately report to the Office of the Secretary under DHS organizational structure. The Secretary and Deputy Secretary, this same Chief of Staff, the Counselors, alongside their separate staffs make up the Office of the Secretary. There is no Component to which this staff is attached.
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Errors versus Fraud Read the overview below and complete the activities that follow. Misstatements can be of two types. The first--an error-is deemed to be unintentional. The second type--fraud-is deemed to be an intentional act. CONCEPT REVIEW: Auditors have the responsibility to plan and perform an audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Misstatements are classified as either unintentional (error) or intentional (fraud). error) or intentional (fraud)- 1. Omissions of amounts or disclosures is considered a(n) 2. In 3.is another term for misappropriation of assets. 4. Mistakes in data processing can easily result in 5 Financial statements can be misstated due to errors,, or noncompliance the financial statements are intentionally misleading. with laws or regulations.
The correct answer for these misstatements are- 1) Error 2)Fraud 3)Fraud 4)Error 5)Fraud. Planning and carrying out an audit to gain a reasonable level of assurance that the financial statements are accurate.
How Do Financial Statements Work?Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes.
What are financial statements mostly used for?A company's financial health may be seen at a single glance thanks to the financial statements that reveal information about its operations, performance, and cash flow. Since they reveal details about a company's earnings, costs, profitability, and debt, financial statements are crucial.
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which of the following scenarios would likely be a trade dispute case handled by the world trade organization (wto)?
The scenario would likely be a trade dispute case handled by the World Trade Organization (WTO) are:
1. Anxiety over preserving intellectual property rights,
2. a government subsidising a domestic business, allowing the good to be exported and sold at a reduced price in other nations.
3. anti-dumping regulations for the steel industry.
What is World Trade Organization?
The World Trade Organization (WTO) is an international body with 164 member governments that regulate international trade. Its objective is to make sure that trade proceeds as predictably and smoothly as possible.
Former President Donald Trump threatened to leave the World Trade Organization in August 2018 and referred to it as a "disaster" as part of his broader efforts to renegotiate the US's international trade agreements.
Trade between nations would have been interrupted to the tune of trillions of dollars if the U.S. had decided to leave the organisation. Although the Biden Administration has committed to the WTO, it is emphasising the need for reforms.
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identify tips that would help jim listen more effectively to what his international colleague has to say about the production process. check all that apply.
Tips that would help him listen more effectively to what his international colleague has to say about the production process are :
-Judge ideas, not appearances
-Keep an open mind
-Focus on nonverbal signals
Who is deemed to be a colleague?
Someone with whom you share an office setting is referred to as a colleague. They may be a direct or indirect coworker of yours; for instance, they may be your manager or a member of a separate department.
The following advice would enable him to pay closer attention to what his foreign colleague has to say about the production process Judge ideas, not outward appearances, and be open-minded and pay attention to nonverbal cues.
Therefore, Colleagues can also be business associates who are employed in your sector or line of work.
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_________ is a chain of companies or individuals who help a product move through the various stages of production from producers to final users or consumers
Supply Chain is a chain of companies or individuals who help a product move through the various stages of production from producers to final users or consumers
A supply chain is an organization of people and organizations who are engaged with making an item and conveying it to the buyer. Joins on the chain start with the makers of the unrefined components and end when the van conveys the completed item to the end client.
Supply chain management is an essential interaction in light of the fact that an upgraded store network brings about lower costs and a more effective creation cycle. Organizations try to further develop their stockpile chains so they can decrease their expenses and stay cutthroat. A store network incorporates each step that is engaged with getting a completed item or administration to the client. The means might incorporate obtaining natural substances, moving them to creation, then shipping the completed items to a dissemination community or retail location where they might be conveyed to the customer.
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the solution set of a linear system involving variables is a list of numbers that makes each equation in the system a true statement when the values a
The solution set of a linear system involving variables is a list of numbers that makes each equation in the system a true statement when the values a1,.., S, are substituted for x1, ..., xn, respectively. It is false.
What are the uses linear equations of in business?
Business managers utilize linear equations to calculate their company' cost, profit, revenue, loss, and breakeven points. In linear equations, the sites of intersection are the breakeven points. Cost is the price you spend for anything, and profit is the money made when you reach breakeven. An algebraic statement with a variable and the equality sign (=), whose maximum degree is equal to 1, is referred to as a linear equation.
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Which of the following situations would be most accurately depicted by a production possibilities frontier? Select the correct answer below. O Molly has 820 from her allowance that she can spend on iTunes movies ($5 per movie) or downloading music ($0.99 per song) O A country has a set budget to purchase either coffee or macadamia nuts from Hawaii. O Jeremy is deciding whether to buy apples or oranges at the grocery store for his lunch. O A country is debating whether its resources should be used in producing cars or soybeans.
The maximum rate of loan growth for this particular commercial bank as well as the entire banking system $20 for a single bank. $100,000 in the banking system.
Describe the banking system.We receive financial services from a system of financial institutions referred to as a bank. These businesses are in charge of overseeing the financial system, making loans, accepting deposits, and giving investment recommendations. The following characteristics describe the Indian financial system: has to do with money. provides loans. Although banks do a number of other jobs, their primary duty is to gather deposits from those who have money, pool them, and then lend the money to people who need it. Banks serve as a go-between for depositors (who give the bank money) and borrowers. The banking industry oversees transactions using cash, credit, and other forms of money for both ordinary citizens and businesses. Banking, which provides families and businesses with the liquidity they need to make future investments, is one of the primary drivers of the economy.
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for example, imagine that you have been invited to present a marketing plan to your company's new client, a pet food manufacturer. you have a descriptive slide presentation ready and a thorough outline prepared. however, if you cannot express yourself clearly, you might not win the new client. in addition to your writing skills, your
You should practice speaking in order to increase your self-assurance and prepare ready for a presentation that is a success.
What are speaking abilities?Students will gain valuable communication skills during their time in school that will serve them well throughout their life. Speaking ability is a necessary skill for effective communication. They make it possible for us to communicate verbally and in a way that the listener can understand.
The four pillars of effective speaking are vocabulary, grammar, pronunciation, and fluency. Throughout our lives, we use both formal and informal speaking skills in a number of contexts. Speaking abilities can be separated into formal and informal categories.
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data from a certain city shows that individuals with more pets tend to have lower blood pressure (bp). from this information alone, we can say that . data from a certain city shows that individuals with more pets tend to have lower blood pressure (bp). from this information alone, we can say that . pet ownership and bp are positively related. this may or may not be a causal relationship. pet ownership and bp are negatively (inversely) correlated. this may or may not be a causal relationship. pet ownership causes bp to be lower. pet ownership and bp are not related.
The correct option is pet ownership and bp are negatively (inversely) correlated.
The required details about pet ownership is mentioned in below paragraph.
In the majority , there is at least one pet. According to studies, the attachment between humans and their pets is associated with a number of health advantages, such as reduced blood pressure, cholesterol levels, triglyceride levels, loneliness, anxiety, and PTSD symptoms.
Learning about your pet's breed and special requirements is a responsibility of responsible pet ownership. For instance, you should be familiar with the tools and cutting-edge technologies that will assist you take care of your pet, as well as how much exercise, grooming, and outside time they require. The animals that are already here should be treated with love and respect by their human guardians so that they can enjoy long, healthy lives.
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NYSE is an example of:
a. an organized exchange
b. a commodities exchange
c. all of these
d. an over-the-counter market exchange
NYSE is the example of a. an organized exchange. New York Stock Exchange is generally can be defined as an American stock exchange.
In the term of financial economic and business, The New York Stock Exchange or also known as NYSE generally can be defined as an American stock exchange. The New York Stock Exchange or also known as NYSE is located in the Financial District of Lower Manhattan in New York City. New York Stock Exchange has a function to provides a central marketplace for investors to buy and sell stock. New York Stock Exchange is a part of Intercontinental Exchange or known as ICE.
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Beedles Inc. needed to raise $14 million in an IPO and chose Security Brokers Inc. to underwrite the offering. The agreement stated that Security Brokers would sell 3 million shares to the public and provide $14 million in net proceeds to Beedles. The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $200,000. What profit or loss would Security Brokers incur if the issue were sold to the public at the following average price? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answers to the nearest dollar. Loss should be indicated by a minus sign.
$5.25 per share?
$
$6.25 per share?
$
$4 per share?
The profit or loss Security Brokers would incur, if the issue were sold to the public at the following average price is:
If the issue were sold to the public at an average price of $5.25 per share, Security Brokers would make a profit of $9,750,000 ($14 million in net proceeds - $200,000 in out-of-pocket expenses). If the issue were sold to the public at an average price of $6.25 per share, Security Brokers would make a profit of $15,650,000. If the issue were sold to the public at an average price of $4 per share, Security Brokers would incur a loss of $200,000.Learn more about Security Brokers:
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