Munster inc. debits deferred revenue and credits service revenue. as a result of this adjusting entry, munster's:______

Answers

Answer 1

Munster inc. debits deferred revenue and credits service revenue. as a result of this adjusting entry, Munster's equity will increase

liabilities will decrease

This is further explained below.

What is Revenue?

Generally,  Revenue is the entire amount of money earned through the sale of products and services connected to the principal activities of the firm. In accounting, revenue refers to the total amount of income generated.

The term "commercial income" is synonymous with "sales" and "turnover" in the business world. Interest, royalties, and many other fees may all be sources of income for certain businesses.

In conclusion, Deferred revenue is debited and service revenue is credited by Munster Inc. Munster's equity will rise as a consequence of this adjusting entry, while liabilities will fall.

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Related Questions

Manny is attending college and majoring in economics. manny is improving his scarce resource of:_________
a. land.
b. natural resources.
c. labor.
d. innovation.
e. capital.

Answers

The correct answer is (e) capital.

The total amount of financial resources needed to create goods or services is referred to as capital in the business world. This cash may be employed to start up operations, cover ongoing costs, or develop and extend the company.

What exactly does capital in education mean?

In the context of the educational system, educational capital refers to educational assets that are transformed into commodities that may be purchased, sold, withheld, exchanged, consumed, and benefited from.

How are social capital and education related?

In the shape of the school's academic and disciplinary atmosphere, as well as the cultural norms and values that inspire students to pursue more challenging objectives, social capital promotes success and education. According to Putnam, social capital in schools has a significant impact on the development of children and adolescents.

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The present value of an annuity due is equal to the present value of a(an) ______ annuity multiplied by (1 r).

Answers

Answer:Ordinary

Explanation:

Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes?

Answers

The broad field of Microeconomics would most likely study how all consumers respond to a hike in cigarette taxes.

What is Microeconomics?

Microeconomics is a branch of social science that focuses on the effects of incentives and choices, particularly how they affect how resources are used and distributed.

Microeconomics explains how and why different things have varying values, how people and firms conduct themselves and profit from efficient production and trading, and how people can work together and coordinate their efforts to the greatest extent possible. Typically, microeconomics offers a more thorough and in-depth understanding than macroeconomics.

Microeconomics is the study of how people make decisions in response to changes in incentives, pricing, resources, and/or production processes. People are frequently categorized into microeconomic subgroups as customers, sellers, and business owners.

These organizations use money and interest rates as a price mechanism to coordinate the supply and demand for resources.

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If there is a debit balance in manufacturing overhead after overhead has been applied to all jobs it means overhead was:_________

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If there is a debit balance in manufacturing overhead after overhead has been applied to all jobs it means overhead was more than the overhead costs applied to jobs.

What is a manufacturing overhead?

In manufacturing, an overhead means the ongoing costs to operate a business but excludes the direct costs associated with creating a product or service: it be fixed, variable, or a hybrid of both

As it means an ongoing business expenses not directly attributed to creating a product or service, it is also important for budgeting purposes and for determining how much a company must charge for its products or services to make a profit. In short, it is used to support the business while not being directly related to a specific product or service..

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If it is now december, regular options contracts could be traded with all of the following expirations except? a january b april c july d november

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if it is now December, Regular options contracts would be traded with all of the following except November.

So, the correct answer is d. A regular option contract might last up to 8 months (this may be tested as 9 months, though). The maximum life of longer-term stock options, or LEAPs, is 30 months.

An options contract is an arrangement between two parties to enable a prospective transaction on an underlying security at a predetermined price, known as the strike price, before or on the expiration date. An option contract's terms outline the underlying securities, the strike price at which it can be traded, and the contract's expiration date.

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A(n) ________transaction involves an exchange between the company and a separate economic entity. (enter one word per blank)

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A(n) external transaction involves an exchange between the company and a separate economic entity.

What is an external transaction?

This is the term that is used to refer to the exchange of values that would happen between two different entities, The exchange can be seen in the form of an external transaction that would take place between the entities and the companies.

Hence we can say that A(n) external transaction involves an exchange between the company and a separate economic entity.

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You are a stakeholder who has just designated a business function as critical. what must you do now?

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You should now dedicate resources to protect the function.

Who are stakeholders?

A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.

However, the idea has been broadened to encompass communities, governments, and trade groups as a result of the growing focus on corporate social responsibility.

An organization's stakeholders may be internal or external. Internal stakeholders are those who have a direct interest in a firm, such as through employment, ownership, or investment.

External stakeholders are those who don't work for a company directly but are still impacted by its decisions and results. Suppliers, borrowers, and government agencies are all regarded as external stakeholders.

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Verifying accounts receivable and insurance policies with customers and is done to test the ______ assertion.

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The correct answer is existence.

The claim that the assets, liabilities, and shareholder equity balances shown on a company's financial statements exist as of the end of the accounting period that the financial statement covers is known as the assertion of existence.

Which 5 accounting assertions are there?

The following five statements on how information is presented in the financial statements and related disclosures are categorized as assertions:

a) accuracy.

b) a state of completion.

c) an occurrence.

d) rights and responsibilities.

e) understandability.

The existence claim is supported by the balances of the assets, liabilities, and equity that are shown in the financial statement. For instance, it is the auditor's responsibility to confirm the presence of inventory that is listed on the balance sheet as having a $10,000 cost. Verifying the balances of the accounts receivable follows the same procedure.

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How does the problem of limited and bundled choice in the public sector relate to economic efficiency? why are public bureaucracies possibly less efficient than firms?

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The answer is limited and bundled choice within the political process tends to reduce economic efficiency because blocks of public goods and social programs are provided. That is, rather than evaluating each public good and social program on its respective costs and benefits the politician chooses all programs together.

If the general public sector, a bureaucracy, fails to use its resources efficiently then the market isn't there to discipline it. during this case, the bureaucracy continues to work inefficiently. However, bureaucracies provide public goods and social services that remedy potential market failures through regulation and direct provision. Thus, the market analogy might not apply.

Bureaucracy comes from the word bureaucracy which is defined as an organization that has a chain of command in the shape of a pyramid, where more people are at the bottom level than at the top level, usually found in civil and military agencies.

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A form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership is a(n)?

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A form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership is a(n) limited liability company (LLC).

What Is a Limited Liability Company (LLC)?

In the United States, a limited liability company (LLC) is a type of corporate structure that shields its owners from being held personally liable for the obligations of the firm. Limited liability companies are hybrid legal entities with traits shared by corporations, partnerships, and sole proprietorships.

The provision of flow-through taxes to the members of an LLC is a feature of a partnership rather than an LLC, despite the fact that the limited liability aspect is similar to that of a corporation.

A corporate form known as a limited liability company (LLC) shields its owners from being held personally liable for the obligations of the company.

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If the federal funds market is at equilibrium at point c and the federal reserve decides to conduct an open-market sale, then it must be trying to set a:______

Answers

Lower the market's reserve level to increase the target federal funds rate.

How Do Federal Funds Work?

Federal funds, often known as fed funds, are surplus reserves that commercial banks and other financial institutions deposit with regional Federal Reserve banks. These funds can subsequently be lent to other market participants who lack the necessary cash on hand to meet their lending and reserve needs. Since the majority of these loans are issued for the overnight period, they are unsecured and have a relatively low interest rate known as the federal funds rate or overnight rate.

Federal funds are extra reserves that financial institutions hold over and above the central bank's mandated reserve requirements.

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A large increase in the supply of hd-tv sets occurs simultaneously with a smaller decrease in its demand. as a result the equilibrium price will?

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The answer to this question is :decrease.

When Demand decreases, it suggests that customer now is much less inclined to purchase that certain products.

This unwillingness will began to drives the price down. During this period, Sellers will start to create greater effort to promote the remaining products so they ought to achieve the best possible price possible.

How does the equilibrium rate exchange when furnish for a accurate will increase or decreases?

An extend in supply, all other things unchanged, will purpose the equilibrium fee to fall; extent demanded will increase. A decrease in supply will purpose the equilibrium fee to rise; quantity demanded will decrease.

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All of the following are permitted investments in individual retirement accounts except: _______
a. u.s. minted gold coins
b. u.s. issued securities
c. commodity futures
d. bank certificates of deposit

Answers

The correct option is (c) commodity futures

All of the following are permitted investments in individual retirement accounts except commodity futures.

What is an individual retirement account called?

A retirement saving account known as an Individual Retirement Account (IRA) is set up with a bank or brokerage company and offers tax advantages to investors who put money away for their retirement. An individual, a self-employed person, or a small business owner can open an IRA.

An IRA, or individual retirement account, is a retirement account that allows you to postpone paying taxes until you withdraw the money. Similar to a 401(k), but with your choice and management of the account as opposed to your employer managing the account.

The best option is a Roth IRA or 401(k) if you're certain that your retirement income will be larger than it is now. A typical IRA or 401(k) is probably your best bet if you anticipate that your income (and tax rate) will be lower in retirement than they are now.

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True manuscript presentations can be boring unless the speaker has thoroughly practiced verbal and nonverbal expressions.
a. true
b. false

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The statement that True manuscript presentations can be boring unless the speaker has thoroughly practiced verbal and nonverbal expressions is TRUE.

What is the importance of verbal and nonverbal expressions?

When having a true manuscript presentation, it is up to the speaker to make it as lively as possible.

The speaker can avoid being boring by practicing and using a range of verbal and nonverbal expressions to convey the true emotion that the manuscripts were meant to convey.

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Each product item in the product mix may require a separate marketing strategy. question 3 options:
a. true
b. false

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Each product item in the product mix may NOT require a separate marketing strategy. Thus, the answer is FALSE.

The full range of goods and/or services that a company provides is referred to as "product mix", often known as its "product assortment" or as others call it "product portfolio". These terms describe the total number of product lines that a business can provide to its clients or consumers.

For instance, your business might market several product lines such as a dish washing liquid company also manufacture laundry soaps and fabric conditioners.

Actually, product mix differ amongst businesses. Some companies have numerous product lines within their firm, each with a large number of product items. But some establishments have even more restrictions but they all do not require separate marketing strategy for each product.

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If taxpayers were given a tax rebate, what impact would this have on the aggregate demand curve?

Answers

Explanation:

An increase in income taxes reduces disposable personal income and thus reduces consumption (but by less than the change in disposable personal income). That shifts the aggregate demand curve leftward by an amount equal to the initial change in consumption that the change in income taxes produces times the multiplier.

One significant contemporary management challenge is:_________
a. globalization.
b. synergy.
c. management science.

Answers

The internationalization of business is a big managerial problem.

Just what is globalization?

The phrase "globalization" describes the increasing interconnection of the world's economies, cultures, and people.as a result of cross-border trade in products and services, technology, and flows of capital, people, and information. Over many years, nations have developed economic alliances to aid in these movements. However, the phrase became well-known in the early 1990s, following the end of the Cold War, since these cooperative agreements influenced contemporary daily life. This guide uses the phrase more specifically to refer to global commerce and some investment flows among advanced economies, with a primary focus on the United States.

Complex and politically fraught, globalization's wide-ranging repercussions are widespread.

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Which career professional would work at a publishing company? radio mechanic fine artist musician prepress technician

Answers

Hi!

Prepress technician

Answer:

D

Explanation:

prepress technician

Edgn2022

In the current debate over the morality of stem cell research, a utilitarian would most likely hold that?

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In the current debate over the morality of stem cell research, a utilitarian would most likely hold that. Yes, a utilitarian would most likely believe that stem cell research is moral because the potential benefits outweigh any harm to non-sentient embryos in the present debate over its morality.

Because it is expensive and ineffective as a deterrence to crime, capital punishment should not be permitted. Individual interests are taken into account when making moral decisions.

The results of individual actions are taken into account when making moral decisions. The only arguments used to support the use of the death sentence for major crimes like murder are those that are utilitarian in nature.

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Reporting revenues when the goods or services are provided and expenses when they are incurred is called:________

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Reporting revenues when the goods or services are provided and expenses when they are incurred is called accrual accounting.

What is accrual accounting?

Accrual accounting is a method used to record revenues or expenses where revenue is recorded when a service is provided and an expense is recorded when incurred.

The purpose of accrual accounting is to match income and expenses with the period in which they occur. The accrual accounting method is the method approved by the IFRS and the US GAAP.

In contrast to accrual accounting, there is another accounting method known as cash accounting. In cash accounting, revenue is recorded only when cash is received and expenses are recorded only when cash is paid.

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When a team leader persuades team members to double-check the results of a survey, he is using his __________ to persuade others to follow his orders.

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The process of creating a cohesive team—a group of people structured to work together to realize their purpose and goals—from a collection of individuals who each contribute to the team is known as team building.

What is team building?

The word "team building" refers to a variety of activities, frequently requiring cooperative work, that are designed to improve social relationships and clarify responsibilities within teams. It differs from team training, which is created by a group of business managers, OD/learning (internal or external), and an HR Business Partner (if the position exists) to increase productivity rather than interpersonal relationships.

Small ocean-going rafts have been constructed by these teams as part of a team-building activity.

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When product prices change, consumers are inclined to purchse larger amounts of the now cheaper products and less of the now more expensive products. this describes?

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When product prices change, consumers are inclined to purchse larger amounts of the now cheaper products and less of the now more expensive products. This describes Substitution effect.

What is Substitution effect?The substitution effect is one of two factors that affect how much a change in a good's price has an impact on how much of that good a customer demands, with the other being the income effect, in economics and more specifically in consumer choice theory.When a product's price increases, consumers may transfer to less expensive substitutes, which results in a decline in sales known as the substitution effect. The substitution effect typically takes effect when the cost of a good or service rises but the buyer's income remains constant.Therefore, it is possible to imagine the substitution effect as a movement along the same indifference curve. It causes a shift in consumption from point X to point Y as a result.

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Twin oaks uses ________ to communicate to customers the value of the brands it represents because it believes it to be the most important type of marketing.

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Twin Oaks uses word-of-mouth marketing, which it considers to be the most significant form of advertising, to let customers know how valuable the companies it represents are.

phrase-of-mouth advertising is crucial since it works to reinforce income, advertise items and services, boost logo awareness, and domesticate a devoted purchaser base. Many groups use tactics to inspire clients to percentage quality reviews and suggest their offerings and/or merchandise. corporations essentially act as the spark that ignites a flurry of client communique, and given that research display that most of the people of human beings accept as true with the critiques of buddies and family, relying on phrase-of-mouth advertising can be greater high-quality and cost-powerful than different types of advertising and marketing.

advertising and marketing strategies used by corporations to encourage customers to express their levels of satisfaction with their offerings or items are called phrase-of-mouth advertising. those tactics include gifts, competitions, and subsidized influencers.

emblem loyalty programs reward customers for returning commercial enterprise and offer them with forums to express consumer remarks.

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If carleete wants to describe the layers of the skin to the audience, she should use the __________ strategy.

Answers

The correct answer is spatial.

The various claims on space made by the state, market, and community are reconciled through spatial planning.

What is a strategy for spatial development?

Spatial Development Strategies are created by a combined authority or an elected mayor. They offer strategic guidelines for land use and development in the region they serve. An example of a spatial development strategy is the London Plan.

Why is a spatial plan crucial?

By establishing more stable and predictable conditions for investment and growth, assuring community benefits from development, and encouraging the wise use of land and natural resources for development, spatial planning is essential for providing economic, social, and environmental advantages.

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Which expense may be deducted when calculating taxable income for an individual homeowner?

Answers

Points charged on a mortgage loan to purchase a principal residence may be deducted when calculating taxable income for an individual homeowner

What is taxable income?

The portion of your income that can be taxed is known as your taxable income. Salary, earnings, tips, bonuses, employer-provided perks, and interest from investments are common examples of taxable income. Some types of income, such as child support and inheritances, may not be taxable.

A personal exemption is a sum that a resident taxpayer is allowed to deduct from personal income under US tax law when determining taxable income and, consequently, federal income tax. The personal exemption was $4,050 in 2017, but there are phase-out restrictions on the exemption. Every year, the personal exemption is increased to account for inflation. Personal exemptions are gone for the tax years 2018 through 2025 thanks to the Tax Cuts and Jobs Act of 2017. is known as yours. Salary, earnings, tips, bonuses, employer-provided perks, and interest from investments are common examples of taxable income. Some types of income, such as child support and inheritances, may not be taxable.

A personal exemption is a sum that a resident taxpayer can deduct from personal income under US tax law when determining taxable income and, consequently, federal income tax. The personal exemption was $4,050 in 2017, but there are phase-out restrictions on the exemption. Every year, the personal exemption is increased to account for inflation. Personal exemptions are gone for the tax years 2018 through 2025 thanks to the Tax Cuts and Jobs Act of 2017.

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Is a process that helps managers identify desired outcomes and formulate feasible plans to achieve their objectives?

Answers

Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the organization attain its stated vision.

A plan outlines how and when a company will accomplish its vision, purpose, goals, and objectives.

The goal-based strategic planning process is broken down into four phases: scenario analysis, direction setting, plan deployment, and strategy definition.

The Strategic Planning Process in 4 Steps

scanning the environment. The process of acquiring, compiling, and evaluating information is called environmental scanning.Developing a strategy.Putting a plan into action.Strategy assessment.

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In the circular flow model, profits flow between which two sectors (markets are not considered sectors)?

Answers

From firms to households profits flow between these two sectors in the circular flow model.

What is the 2 sector circular flow model ?

An economic model called the circular flow model demonstrates how resources such as money, goods, and services travel through different economic sectors. The model is sometimes referred to as the circular flow of income because the money flows between the sectors are also tracked to calculate a nation's national income or GDP.

For a clearer overview of the economy as a whole and, for example, the National Income and Product Accounts, analyze the circular flow of income (NIPAs). In its simplest form, it takes into account a simple economy made up only of firms and individuals, and it can be illustrated using a "circular flow diagram." Individuals supply the labor necessary for businesses to generate commodities and services in this straightforward economy.

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According+to+___________________,+if+the+money+supply+grows+at+6%,+real+gdp+grows+at+2%,+and+the+velocity+of+money+is+constant,+then+the+inflation+rate+will+be+approximately

Answers

According to the quantity theory of money, if the money supply grows at 6%, real GDP grows at 2%, and the velocity of money is constant, then the inflation rate will be approximately

Quantitative Theory of Money
A subfield of economics called monetary economics examines various monetary ideas. The quantity theory of money is one of the main research areas for this school of economics (QTM). The general level of prices for goods and services in an economy is inversely correlated with the money supply, according to the quantity theory of money. Although the Polish mathematician Nicolaus Copernicus first proposed this hypothesis in 1517, Milton Friedman and Anna Schwartz later popularised it after the release of their book "A Monetary History of the United States, 1867-1960" in 1963.

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Incomplete Question

In considering how to allocate its scarce resources among its various members, a household considers.

Answers

In considering how to allocate its scarce resources among its various members, a household considers option d) All of the above are correct.

What is Utility Maximization?

Utility maximization is known to be a method that is often used in the cat of modeling rational decision making in regards to economics.

Note that Scarcity is a term that connote the fact that there are little resources than are said to be required to fill human wants and needs.

Note also that these resources can be said to be land, labor or capital resources and as such, In considering how to allocate its scarce resources among its various members, a household considers option d) All of the above are correct which are:

a) Each member's abilities

b) Each member's efforts

c) Each member's desires

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In considering how to allocate its scarce resources among its various members, a household considers:

a) Each member's abilities,

b) Each member's efforts,

c) Each member's desires,

d) All of the above are correct.

If the marginal product decreases, what will happen to the total product and average product?

Answers

Answer: As the marginal product begins to fall but remains positive, total product continues to increase but at a decreasing rate.

Other Questions
Exercise 5 Complete each sentence by adding the adverb in the form indicated.It was obvious that Josh had copied the drawing ________________ more accurately than Reese did.(accurately, comparative) Lupita has five times as much money as David. Lupita also has $20 more than David. How much money does each person have? Un centro recreacional cuenta con dos piscinas temperadas, una para adultos que tiene una capacidad de 240 000 litros de agua y una para nios cuya capacidad es 2/3 de la de adultos. Cada una de estas piscinas cuentan con un desage que permite desalojar 2 500 litros de agua cada 5 min. Si se requiere vaciar el agua de ambas piscinas y los desages se abren a las 8:10 am. 1. A qu hora se terminar de vaciar cada piscina? 2. cunto ms tardar en vaciarse una piscina que la otra que la otra? Exercise 1 Write frag. next to each sentence fragment. Write s next to each complete sentence.She created many paintings that were based on the American Southwest. How many English settlers lived in North America by 1750? A car is decelerating at the rate of 3 km/s 2. if its initial speed is 66 km/s, how long will it take the car to come to a complete stop? Traits that influence Dr. Shipmans propensity to commit crime refers to criminology.Select one:TrueFalse Traits (such as sitting, walking) that emerge under a wide range of experiences and do not have to be taught emerge through a process known as ______________. group of answer choices What tone is set by the essay, "The Customs House"? Because of the high temperature _____ step during a pcr reaction, the dna polymerase from _____ is used. Jennifer runs 5 miles east, then stops to take a break. after her break, she continues running 4 more miles east. what is her distance and displacement? A project has estimated annual net cash flows of $68,000. it is estimated to cost $380,800. determine the cash payback period. round your answer to one decimal place. fill in the blank 1 years The maturity of a debt instrument is the number of years (term) until that instrument's expiration date. identify the term to maturity Use this formula m=W/g, What is the mass of an object if its weight on earth is 1150N? Why does a leader's creation of a false sense of hope among workers ultimately backfire in most cases? When using a windows internet browser, pressing _____ reloads a page. a. f7 b. f3 c. f1 d. f5 A physician focusing on the general medical care of hospitalized patients is known as a. What is the degree of x^2+3x+y? What is the difference between hr plans and hrm strategic plans? how are they the same? how are they different? Which best describes how late-nineteenth-century immigrants to the united states differed from immigrants to other countries?