Bill's construction made a six-month advance payment on insurance on July 1. Debit Prepaid Insurance; credit Cash is the journal entry needed to document this transaction.
Prepaid insurance is a word that describes payments made up front for insurance services or coverage by both individuals and corporations to their insurers. In most cases, premiums are paid a full year in advance, but they occasionally may extend beyond a full year. These payments appear on the balance sheet of an insurance business if they have not yet been used up or have not yet expired. as an ongoing asset.
Prepaid insurance is a sort of account.
Prepaid insurance is categorized as a company asset and is shown as an asset account on the balance sheet's left side. Similar to money in a bank, the cost of insurance is paid, and as the insurance is "used up" over the course of each month or accounting period, money is withdrawn from the account.
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Before completing the physical examination, the nurse determines that the client is awake, alert, and oriented. this information would be important for which part of the general survey?
The crucial data for the survey is consciousness level.
The phrase "level of consciousness" refers to a person's awareness and comprehension of what is going on around them. The three main levels of awareness are as follows:
When a person is awake, conscious of their environment, and able to think, speak, move, and react normally, they are said to be conscious.
A person has decreased consciousness when they appear to be awake and aware of their environment but are not acting normally. When unconscious, a person might not respond to questions, look straight ahead, or make any facial expressions. Others could assume that the person is acting strange, dazed, or confused. The person might not remember what happened in the future. When someone is unconscious, they are not aware of what is happening and are unable to react appropriately to what is happening to them and those around them.
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Confirmation and reflectionkaggle's datasets and data explorer allow you to do which tasks?
It allows you to search for asses, upload datasets, conduct research, complete data projects, and share your accomplishments with others in data science community.
Describe datasets?A sets of data are referred to as datasets. Usually, this set is displayed in a tabular format. A specific variable is described in each column. Furthermore, according to the specified query, each row refers to a specific component of the data set. Data management includes this. The values of each variable for unknowable things, such as the height, weight, temperature, volume, etc., of an object or the values of random numbers, are described in data sets. A datum is the name given to the values in this set. The set of data includes information for one or more members that correspond to each row.
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Strategy formulation is the process of choosing among different strategies and altering them to best fit the organization’s needs. True or false?.
This is a True and Firm Statement,
Strategy formulation is the process of choosing among different strategies and altering them to best fit the organization's needs.
The process of formulating a strategy involves using the knowledge already at hand to record the anticipated course of a firm and the practical procedures to achieve its objectives.
This procedure is used to allocate resources, set priorities, align the entire company, and validate business objectives.What three strategy formulations are there?It is helpful to think of the development of a strategy as one of three stages in the strategic management process:
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As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes:________
Marginal Utility is described in this example.
The additional pleasure a consumer has from owning one extra unit of an item or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy.
When the overall utility is increased by the consumption of an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit. To determine how consumer decisions are impacted by degrees of satisfaction, economists utilize the concept of marginal utility. The law of declining marginal utility is a principle that economists have also identified.
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Clairmont industries reported net income of $282,828, average total assets of $637,000, and comprehensive income of $354,172. the return on total assets is:____.
The return on total asset is found to be 44%
Given here, the net income of $282,828 and average total assets worths 637000$.
Now, we can calculate return on total asset by the formula,
Return on total asset = (average net income /average total asset value) ×100
= 282,828/637000 ×100
= 0.44× 100 = 44%
So, the return on total asset is found to be 44%
The return on total assets ratio evaluates the relationship between a company’s total assets and its earnings after interest and tax. This profitability indicator enables you to assess how your business makes profits and how you stack up against your rivals.
Equity held by shareholders plus debt owed by the business equal the total assets. The balance sheet of the corporation contains this amount.
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The economic dependence that sent small farmers downward on the agricultural ladder was called ______.
The economic dependence that sent small farmers downward on the agricultural ladder was called debt peonage.
Debt can be defined as part of the group of liabilities that goes on the balance sheet. In everyday life and accounting, debt is a fairly important part. Not only that debt has an important part of a company because debt will continue to grow in it.
Although almost all companies have debt, the amount of debt and its use of course vary. The amount of this debt will arise due to many aspects, one of which is for the business development of the company.
The types of debt arising from financial management are divided into two types, namely:
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If the price of chicken increases and, as a result, you buy more pork and less chicken (even though the price of pork has not changed), then chicken and pork are:_____.
If the price of chicken increases and, as a result, you buy more pork and less chicken (even though the price of pork has not changed), Then chicken and pork are substitutes.
What is substitute?
A product or service that customers perceive to be substantially the same as or sufficiently comparable to another product is referred to as a substitute, or substitutable good, in economics and consumer theory. A product that can be used in lieu of another is known as a substitute.
So, as mentioned in question, Suppose you purchase more pork and less chicken as a result of rising chicken prices (even though the price of pork has not changed), Then chicken and pork are substitutes.
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To compute the percent change, divide the (analysis period amount - base period amount) by the _____ and multiply the result by 100.
To compute the percent change, divide the analysis period amount by the base period amount and multiply the result by 100.
The definition of a percentage change is an increase or reduction in value caused by changes in the old and new numbers. The change can therefore have a positive or negative value.
This is an increase in percentage if your response is a negative number. If you want to determine the percentage increase or reduction of numerous integers. While negative values denote a percentage decline, positive values denote a gain.
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Suppose that you are considering purchasing a ticket to go to a concert with some friends. what is your opportunity cost?
The opportunity cost is what you would have purchased with the money you will spend on the concert and what you would have spent your time doing if you did not go to the concert.
How does opportunity cost affect decision making ?
When we take decisions about how to spend our limited resources, such as money or time, we are giving up the opportunity to spend money or time on something else. All individuals, businesses, and large groups of people make decisions that involve trade-offs.
What is the importance of opportunity cost in decision-making?
The concept of opportunity cost is helps in decision-making to individuals and organizations takes better alternatives , primarily by assuming the alternatives. Opportunity costs incorporate the cost and benefit of each choice,that aims at times be challenging to calculate.
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A(n)___________ market includes the aspects of a customs union and allows factors of production to move freely among members.
A Common Market includes the aspects of a customs union and allows factors of production to move freely among members.
There is an expansion of the traditions association idea, with the extra component that it accommodates the free development of work and capital among the individuals.
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Science and technology are often blank______ because new advances in one may spawn new advances in the other.
Science and technology are often Tied together because new advances in one can give rise to new advances in the other.
Science and technology:
In order to promote science and technology in the nation, the Department of Science and Technology is essential. More information on scientific teaching, research and development can be found in this section. There are also details of policies, plans, documents and programs for academics, scientists, researchers, students and others.
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Is an example of an implicit cost? a. the wear and tear on a firm's machinery b. the cost to transport a firm's goods c. a firm's electric bill d. a salary paid to an employee
The price to transport a firm's goods is an example of implicit cost.
Implicit prices are a unique type of possibility cost: the cost of assets already owned by means of the firm that could have been put to some other use. For example, an entrepreneur who owns a enterprise should use her labor to earn income at a job.
What is express and implicit cost?Explicit charges are out-of-pocket expenses for a firm—for example, repayments for wages and salaries, rent, or materials. Implicit prices are the probability price of assets already owned via the association and used in business—for example, expanding a manufacturing facility onto land already owned.
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https://brainly.com/question/7824689#SPJ4It is important to formulate operational definitions for study variables because it?
It is important to formulate operational definitions for study variables because it allows for the measurement of cause and effect in the research.
What is meant by operational definitions?The term operational definitions as it is used in research has to do with all of the constructs that has to do with the modeling or the representation of concepts and their theoretical definitions. This would have to do with all of the operations that would be used in the definition based on the ways that other persons that want to replicate the study would also be able to do so using the same specific definitions.
It has to do with the procedures that would be used in the measurement of the given variables in the research work. Hence we can say that It is important to formulate operational definitions for study variables because it allows for the measurement of cause and effect in the research.
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An operational definition is designed to model or represent a concept or theoretical definition, also known as a construct. Scientists should describe the operations (procedures, actions, or processes) that define the concept with enough specificity such that other investigators can replicate their research.
What are the expectations placed on top managers today, unlike those placed on traditional top-level management positions in the past? (choose every correct answer.)
The expectations placed on top managers today:
Top managers today are expected to be True organizational leaders.Those are placed in traditional top-level management positions in the past:
Top managers today are expected to create and articulate a broader corporate purpose to which people can identify and commit.What skills do managers need today?Ability to inspire othersResilienceRelationship-buildingSelf-awarenessRecognitionStrategic thinkingEffective communicationConstructive criticismTo learn more about Top managers, refer
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Salsa caliente, inc., employs three hundred workers at four locations in two states. under federal law, salsa must provide each employee, during any twelve-month period, family or medical leave of:________
Under federal law, salsa must provide each employee, during any twelve-month period, family or medical leave up to twelve weeks.
What are the Federal law?
The corpus of legislation developed by a nation's federal government is known as federal law. When many political entities, such as states or provinces, unite to establish a federation, they cede most of their individual sovereignty and authority to the federal government while keeping or reserving other, more restricted, authorities. As a result, there are two or more tiers of governance inside a defined geographical area. Federal law is the body of legislation governing the shared central government. Australian, Brazilian, Canadian, German, Malaysian, Pakistani, Republic of Indian, Russian, former Soviet Union, and United States federal administrations are only a few examples.
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Big business competes based on mass production and, thus, lower prices. small business can compete based on ______.
The big business competes based on mass production and, thus, lower prices. small businesses can compete based on personalized services and products
This is further explained below.
What is business?Generally, A person may earn a livelihood or make money via the practice of running a business, which entails the production of goods as well as their purchase and sale.
Additionally, it refers to "any activity or business undertaken with the purpose of generating a profit."
Production of considerable quantities of standardized goods in a continuous flow is the definition of mass production, which is sometimes referred to as flow production or continuous manufacturing.
This kind of production often takes place on assembly lines.
In conclusion, large corporations compete with one another via mass manufacturing and, as a result, reduced pricing.
Personalization of services and goods is an area in which smaller companies may compete successfully.
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What is the future value of this investment at the end of year five if 5.34 percent per year is the appropriate interest (discount) rate?
The future value of this investment at the end of year five if 5.34 percent per year is the appropriate interest (discount) rate:-
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period
A=2080*(1.17)^4+3427*(1.17)^3+646*(1.17)^2+3720*(1.17)+908
=$15531.12.
How do you determine an investment's future value?The formula for future value
In mathematic terms, the formula is: future value = present value x (1 + interest rate)n
The superscript n in this formula denotes the number of interest-compounding periods that will take place during the period you are calculating for. FV=PV(1+i)n
FV = $1,000 x (1 + 0.1)5
How is annual compound future value calculated?A = P (1+r/m) mt.
It is necessary to compute A, or the investment's future worth.
P (Initial Investment Value) = $5,000.
The rate of return, or r, is 10% yearly compounded.
m (the number of annual compounding cycles) = 1.
Three years are the number of years for which the investment is made, or t.
What is the formula for present and future value?Relevant Lessons
The formula for calculating present value is PV = FV/(1 + I n, where PV stands for present value, FV for future value, I for the decimalized interest rate, and n for the number of periods.
FV = PV (1 + i)n is the formula for future value.
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Demand is said to be ___________ when the quantity demanded is very responsive to changes in price. group of answer choices
Demand is said to be Elastic when the quantity demanded is very responsive to changes in price.
What is Elasticity of Demand?Demand responsiveness to changes in other market variables is measured by demand elasticity. The price elasticity of demand, for instance, indicates how much demand will change in response to a change in a product's price.
Both elastic and inelastic demand exists. Demand that is elastic is more responsive to changes in the variables being measured against. Products that are inelastic are less sensitive to the changes being measured.
The slope of the demand curve and price elasticity of demand is directly correlated. The law of demand, which states that consumers will demand a greater quantity of goods at lower prices and a lesser quantity of goods at higher prices, was most likely covered in your very first economics course. The downward sloping of demand curves is explained by the law of demand.
Thus the Law of demand directs the elasticity of demand.
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A(n)__________ is a formal agreement between two or more organizations to exchange goods, services, information, patents, and the like.
A(n) contract is a formal agreement between two or more organizations to exchange goods, services, information, patents, and the like.
What is contract?Contract can be defined as an agreement between two people or between two or more parties.
Parties in a contract must tend to agreed to the terms and conditions of the contract and abide by the terms and condition of the contract.
Therefore A(n) contract is a formal agreement between two or more organizations to exchange goods, services, information, patents, and the like.
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Generally, the payment of an accelerated death benefit is _______ to a recipient if the benefit payment is qualified.
The correct answer is Tax free.
An Accelerated Death Benefit (ADB) enables the holder of a life insurance policy to obtain a portion of the death benefit from the insurer before passing away. The policyholder must typically have a terminal illness with a life expectancy of two years or fewer.
How are benefits for hastened death paid?A lump amount may be provided as part of some hastened death benefits. With a benefit for a terminal disease, this happens more frequently. Payments for chronic illnesses are more frequently made. According to Schelhaas, some accelerated death benefit riders are simple because they pay a specific portion of the death benefit.
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What protects a specific set of procedures for conducting a particular business activity?
Regulating Body protects a specific set of procedures for conducting a particular business activity.
Business activities occurs in the organisation to fulfill and achieve the sole goal of any organisation that is to maximize the profit and make the sales maximum against the demand generated. These profits are then distributed as retained earnings and shareholders income.
Several business activities take place with a particular set of procedures which are regulated by a regulating body or a organisation that is bind by the law of code and conduct to protect them.
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Sully company sells 20,000 units at $12 per unit. variable costs are $9 per unit, and fixed costs are $25,000. determine the contribution margin ratio.
The contribution margin ratio is 25%. The number of units sold is 20,000 units. The selling price per unit is provided at $12 per unit. The variable cost per unit is provided at $9 per unit. The fixed costs are given at $25,000.
Sales of the company 20,000 × 12 = 240,000
The variable cost of the company is 20,000 × 9 = 180,000
Contribution margin will be 240,000 - 180,000 = 60,000
The contribution Margin ratio will be Contribution margin/ Sales ×100
60,000/240,000 ×100 = 25%.
The contribution margin is the sales amount that is not covered by the variable cost. So the contribution amount can be used to bring down the fixed costs of the company. The higher the contribution margin, the more efficient the company will be better in covering its overhead costs.
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Daisy enterprises has revenues of $400,000, fixed costs of $100,000, and variable costs of $500,000. daisy enterprises?
The Enterprise has revenues of $400,000, variable costs of $500,000, and fixed costs of $100,000. Daisy Enterprises should immediately stop as the revenue earned by the enterprise is less than the variable and fixed cost, to continue any enterprise should earn profit or revenue close to cost.
More about cost and revenue:
A variable cost is one that changes depending on the volume of output or the scope of the services offered. There shouldn't be any variable cost if no goods are produced or no services are rendered.
No matter how many units are sold, the fixed costs remain the same. The price you are selling the goods for less the variable costs, such as labour and materials, is your revenue.
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All of the following are current focuses of ai research except? perception.cognitive surplus.knowledge representation.natural language processing.
All of the following are current focuses of ai research except cognitive surplus. Thus, option B is correct.
What is AI research?With an emphasis on automating investigation methods from creating a theory to carrying out trials, the use of AI throughout research must have significantly increased.
The AI research all included perception, knowledge representation, and natural language processing.
A person's cognitive surplus is indeed a combination of their attention, effort, ingenuity, and charity, which promotes efficiency, innovation, and cooperation with in technology world. Therefore, option B is the correct option.
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During the last couple of decades, it has become important for value-oriented marketers to ________ with customers. multiple choice
For value-oriented marketers, it has been crucial in recent years to shift away from a transactional focus on clients and toward a relational one.
When a brand engages with its audience based on shared values, it is said to be engaging in values-based marketing. It's an authentic, outward-looking strategy with the goal of improving the world. Values-based marketing aims to connect with its target audience on deeply held social and ethical issues in addition to what a company sells. Value marketing aims to generate the best potential benefit for both a consumer and a provider while being driven by authenticity.
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The chubb group, an insurance company, regularly supplies funds for programming on the public television network. its donations are an example of?
The insurance company The Chubb Group often contributes money for program on the public television network. its donations are an example of corporate philanthropy
What is Corporate Philanthropy?
The Council on Foundations defines corporate philanthropy as the voluntary investments and endeavors a company makes to control and account for its social effect. Investments and actions in philanthropy include:
Donations of money and goods
provided voluntarily
Technical support
employee giving back
more commercial dealings
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American honda purchases over $20 billion worth of auto parts and materials every year. ________ are key players in the company's success.
Suppliers are key players in the company's success.
What are the functions of supplier?
A supplier is a person who supplies, sells, offers or exposes for sale, leases, supply or sells any biological or chemical substance or any plant to be used at a place of employment.
Who are suppliers in an organisation?
A supplier is considered as the person or organisation that provides a product or service to another business. Considering a reliable and competitively-priced supplier is important to the success of your business.
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Dillon inc., an automobile company, wants to make its supply chain efficient and avoid carrying excess inventory. dillon can do so by using a _____.
Dillon inc., an automobile company, wants to make its supply chain efficient and avoid carrying excess inventory. dillon can do so by using a push production strategy. Hence, option B is correct.
What is push production strategy?Businesses generate things in response to anticipated or predicted demand in the push model of production. Following the production of units based on projected demand, businesses push their products onto the market.
Businesses need to be able to predict both quantity and quality demands from customers. In manufacturing and production, a push system is dependent on an anticipated or foreseen demand.
Thus, option B is correct.
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A) PEST analysis tool
B) push production strategy
C) Gantt chart
D) just-in-time manufacturing system
When p.c. logic, a fax machine manufacturer, purchases ceramic printing heads from kyocera to install in its fax machines, it is acting as a(n):_________
When p.c. logic, a fax machine manufacturer, purchases ceramic printing heads from kyocera to install in its fax machines, it is acting as a(n): original equipment manufacturer..
Who is a manufacturer?A manufacturer or a producer can be defined as someone that produce goods or product by turning raw materials into finished goods or product.
P.c. logic is acting as the original equipment manufacturer because he was a manufacturer of the fax machine.
Therefore When p.c. logic, a fax machine manufacturer, purchases ceramic printing heads from kyocera to install in its fax machines, it is acting as a(n): original equipment manufacturer..
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Green gardens, a landscaping company, combines with tree huggers, a tree trimming company, to form a company called land lovers. this scenario illustrates a(n):_________
Green gardens, a landscaping company, combines with tree huggers, a tree trimming company, to form a company called land lovers. this scenario illustrates a(n) Merger Explanation.
What is Merger Explanation?
A merger is an arrangement that combines two current businesses into a single new business. There are various merger types, and businesses merge for a variety of reasons. Mergers and acquisitions (M&A) are frequently carried out to broaden a company's clientele, enter new markets, or increase market share.What is the purpose of merging?
M&As are the actions of combining businesses or assets with the goal of promoting growth, gaining competitive advantages, boosting market share, or affecting supply chains.
What do you mean by merging give example?
To seamlessly combine something is to integrate. For instance, you must join the traffic smoothly when merging onto the freeway, disregarding everything you learned when riding the bumper cars at the fair. When two or more things merge, they become one.Learn more about Mergers and acquisitions
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