On june 15 blooming landscape inc. provides $50,000 of services, but is not paid until august 30. on august 30, the assets of blooming landscape inc. are Unearned revenue.
What is Unearned revenue?
Money received by a person or company for an item or service that has not yet provided or given is known as unearned income. It may be thought of as a "prepayment" for goods or services that a person or organization anticipates giving the customer in the future.
Therefore,
On june 15 blooming landscape inc. provides $50,000 of services, but is not paid until august 30. on august 30, the assets of blooming landscape inc. are Unearned revenue.
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A ________ refers to a competitive strategy in which firms attempt to achieve lower business process costs.
A strategy of cost competition refers to a competitive strategy in which firms attempt to achieve lower business process costs. Option A
This is further explained below.
What is the strategy of cost competition?Generally, The fundamental component of the cost-cutting technique is the "bare bones" approach.
In order to give customers lower prices and, as a consequence, to increase the amount of money those customers save, the objective of cost leadership is to cut expenditures to the lowest possible level.
In conclusion, The term "cost competition" refers to a kind of competitive strategy in which businesses work on lowering the overall costs associated with their business processes. Alternative A
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complete question
A ________ refers to a competitive strategy in which firms attempt to achieve lower business process costs.
A) strategy of cost competition
B) scope strategy
C) customer intimacy strategy
D) focus/market niche strategy
The rapidly evolving business environment requires the management of in the organization to respond to it. True or false?.
It is true that management in the organization needs to respond to the rapidly evolving business environment.
With the rapid advancement in technology and business working procedures, management in the organization needs to respond to the rapidly evolving business environment and changes. If the management doesn't inculcate strategic management in their organization that responds to changes in the business environment, then the organization may face severe issues in production, performance, and achieving the overall goals. The purpose of the inclusion of strategic management is to respond to evolving such changes.
Higher management needs to implement strategic management in their organization to boost their productivity, and efficiency and obtain the overall goals while responding to the rapidly evolving business environment. For example, currently, all organizations are shifting toward digital inclusion. These organizations use social media as a tool to reach their targeted customers. If any organization is not using social media, then obviously they are losing customers and could not reach their targeted customers.
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Answer:change
Explanation:
How does an increase in the price of laptop memory chips affect the market of laptops if memory chips are inputs in laptops?
If memory chips are inputs in laptops, a price increase for those memory chips will have an impact on the market for laptops by shifting the supply curve for laptops to the left.
What Exactly Is A Memory Chip?
An integrated circuit that can store data or be used to process code is known as a memory chip. It is made up of millions of capacitors and transistors. Random access memory (RAM) and read-only memory are two different types of memory that can be stored on memory chips (ROM). A processor may read but not modify the data that is permanently stored in read-only memory.
Different shapes and sizes of memory chips are available. While some can be linked directly, others require unique drives. Memory chips are crucial parts of computers and other electronic devices where memory storage plays a significant role.
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The __________ is the rate of return a firm must earn on its investment in order to maintain the market value of its stock.
The yield to maturity is the rate of return a company has to achieve on its investment to keep the market value of its stock stable.
What Is YTM, or Yield to Maturity?
The projected total return on a bond, assuming it is kept until maturity, is known as yield to maturity (YTM). Yield to maturity, which is expressed as an annual rate, is regarded as a long-term bond yield. To put it another way, it is the internal rate of return (IRR) of a bond investment if the investor retains the bond to maturity, with all payments made according to schedule and invested at the same pace.
Another name for yield to maturity is "book yield" or "redemption yield."
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Because negative messages may cause anxiety for employees, it is usually best to begin with negative messages first, and then end with neutral messages. group of answer choices
a. true
b. false
The statement is false.
The indirect strategy involves delivering terrible news first, followed by a supportive comment, and then the bad news itself. A remark meant to soften the blow of unpleasant news is known as a buffer statement. It can provide some encouraging news or a carefully worded warning. The message should include reasonable justifications for the bad news after a buffer statement. The bad news should then be relayed as diplomatically as possible. Try to finish by having a constructive conversation.
The second strategy is to use a direct method to convey unfavorable sentiments. When the communication's recipient is receptive to the news, this strategy performs well. It can also be applied if the person anticipates a poor outcome.
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The seller has agreed to correct an inspection item before closing. the seller will pay the contractor before closing. how would this be recorded on the settlement statement?
The seller has agreed to correct an inspection item before closing. the seller will pay the contractor before closing. This would be recorded using POC.
A seller is an individual or organization that offers a product, service, or financial asset for purchase. Short selling involves borrowing unsecured securities in order to sell them, with the aim of buying them back at a lower price. The seller of the option is called the "writer" who collects the premium from the buyer.
A salesperson is a sales support person responsible for initiating sales conversations and facilitating the customer's sales experience. A salesperson helps the customer and then gives the best solution regarding the products being sold.
These three categories include professional salespeople, keen salespeople, and salespeople looking for a strategic partnership.
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Which phase of the accounting process involves recognizing the effect of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business?
Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business is the processing function.
What is Accounting cycle ?Understanding the eight-step accounting cycle is crucial for all different types of bookkeepers. It breaks out the whole scope of a bookkeeper's responsibilities into eight major sections.
Technology-based tools and accounting software typically automate many of these activities.
On the other hand, for small business accountants working on the accounts with little technology help, knowledge of and use of the manual processes might be crucial.
A process called the accounting cycle is designed to assist business owners in keeping track of the financial accounting of their activities.
Typically, an accounting cycle has eight phases.
Business owners receive comprehensive financial performance reports at the end of the accounting cycle, allowing them to evaluate their company.
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Other things equal, a firm will have to pay a higher coupon rate on its subordinated debentures than on its second mortgage bonds. true false
The statement "Other things equal, a firm will have to pay a higher coupon rate on its subordinated debentures than on its second mortgage bonds." is True
This is further explained below.
What is a Mortgage?Generally, MBS stands for mortgage-backed securities, which are bonds that are backed by mortgages and other types of real estate loans.
They are produced when a number of these loans, which often have qualities that are comparable to one another, are pooled together.
A company that operates for the purpose of making a profit and is often structured as a partnership in order to carry out the provision of professional services, such as legal or accounting work, is referred to as a firm.
The maximization of profits is the overarching goal of the business, according to the theory of the firm.
In conclusion, It is correct to say that, "all things being equal, a company will be required to pay a greater coupon rate on its subordinated debentures than on its second mortgage bonds."
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What were costco operating and net profit margins in that year? how do they compare with its margins in the prior year?
A. The operating profit margin was 3.10% while the net profit margin was 2.40% in 2019. The former decreased while the latter increased with respect to those of the prior year.
What are the operating profit margin and net profit margin?The operating profit margin is the ratio of the operating profit to the net sales for the period.
The net profit margin is the net income ratio to the period's net sales.
Both operating profit margin and net profit margin are financial ratios used to indicate the profitability of the business, making it comparable to previous periods or other businesses.
Data and Calculations:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
Operating Income margin 3.17% 3.24%
Net Income margin 2.45% 2.26%
Operating Income margin = Operating Income/Net Sales x 100
Net Income margin = Net Income/Net Sales x 100
Thus, Option A is the best choice for Costco's operating profit and net profit margins for 2019.
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Question Completion with Answer Options:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
(Select the best choice below.)
O A. The operating profit margin was 3.10% while the net profit margin was 2.40%. The former decreased while the latter increased with respect to those of the prior year.
OB. The operating profit margin was 3.02% while the net profit margin was 2.12%. The former decreased while the latter increased with respect to those of the prior year.
OC. The operating profit margin was 3.16% while the net profit margin was 2.21%. The former decreased while the latter increased with respect to those of the prior year.
OD. The operating profit margin was 3.19% while the net profit margin was 2.08%. The former decreased while the latter increased with respect to those of the prior year.
The total of the stockholders' rights or claims to the assets of a corporation is called?
The total of the stockholders' rights or claims to the assets of a corporation is called total stockholders' equity.
What is meant by Stockholders' equity?The quantity of shareholders' equity, also referred to as shareholders' equity, is shown on a company's balance sheet as the difference between its assets and liabilities.
Stockholders' equity typically consists of the proceeds from the sale of the company's common and preferred stock, plus the company's earnings less any payments to stockholders. In other words, one source of the corporation's assets is stockholders' equity. (The corporation's creditors, as shown by its liabilities, are the other source.)
Equity held by shareholders as well as liabilities are considered as claims to the assets of the company. The claim by the stockholders, however, is made after the liabilities have been settled.
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______ is an economic system oriented to the collective, rather than the private, ownership of the means of production. group of answer choices
"Socialism" is an economic system oriented to the collective, rather than the private, ownership of the means of production.
What is Socialism?Socialism is a social and economic doctrine that advocates for public ownership or control of property & natural resources instead of private ownership or control.
Some key features regarding the Socialism are-
Individuals, according to the socialist viewpoint, do not live or work in isolation, but rather in collaboration with one another. Furthermore, everything that people create is a social product in some way, and anyone who contributes to the creation of a good is entitled to a share of it. As a result, society as a whole should own or control property to the benefit of all its representatives.This conviction pits socialism against capitalism, which is predicated on private ownership of the equipment of production and allows individuals to choose how products and services are distributed in a free market.To know more about the Socialism, here
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A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. the price of each good is $10. calculate the firm's short-run profit or loss.
A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. the price of each good is $10. The firm had a short-run loss of $6,000
What is Short-run production?Short-term production is the only kind of production that happens in real-time. Businesses typically concentrate their decisions on operational issues, which are described as specific decisions made to manage the day-to-day operations of the organization. Businesses are constrained by a variety of factors, including personnel, infrastructure, skill sets, and technology. Decisions, therefore, reflect how to maximize output in light of these constraints. Increases and decreases in variable factors are the only things that can have an immediate impact on the output produced by businesses. They might alter factors like labor and raw supplies. Since they are still in the beginning stages of production, they are unable to adjust permanent elements like buildings, rent, and know-how.
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When a debtor offers to pay a lesser amount than the creditor originally claimed was owed, and a creditor accepts, the agreement is called:__________
When a debtor offers to pay a lesser amount than the creditor originally claimed was owed, and a creditor accepts, the agreement is called Accord and Satisfaction
Who is a debtor?
A business or person that owes money is called a debtor. If the debt is in the form of a loan from a financial institution, the debtor is referred to as the borrower, and if the debt is in the form of securities, such bonds, the debtor is referred to as the issuer. A voluntarily petitioner for bankruptcy protection is likewise regarded as a debtor for legal purposes.
Who is a creditor?Usually through a loan arrangement or contract, a creditor is a person or organization that offers credit to another party so they can borrow money. Creditors can be categorized as personal or actual.
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Sales on account amounted to $80,000. sales returns were $2,000 and sales discounts were $1,000. cost of goods sold amounted to $45,000. based on this information the amount of gross margin was:_________
In this case the amount of the gross margin will be $32000.
The Formula to calculate Gross Margin is -
Gross Margin=Net Sales−COGS
where-Net sales = gross sales – returns – allowances – discounts
COGS=Cost of goods sold
As here Sales amount = $80,000
sales returns w = $2,000
sales discounts = $1,000
cost of goods sold amount = $45,000
allowances = 0
Therefore Net sales = gross sales – returns – allowances – discounts
Net sales =$80,000 -$2,000-$1,000
Net sales = $77000
Now to calculate Gross Margin
Gross Margin=Net Sales−COGS
Gross Margin = $77000-$45,000
Gross Margin =$32000
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During world war ii, many factories were converted from producing consumer goods such as cars to producing munitions. What is this an example of?.
Many factories were transformed during World War II from producing consumer items like automobiles to producing munitions is an example of production possibility.
Munitions are tools and materials used in warfare, particularly bombs, shells, and firearms. A few examples of munitions are missiles, bombs, rockets, etc.
Production possibility is an examination of the potential combinations of two items that can be created using the resources and technology that are existing.
For example, consider a scenario in which a country produces 120,000 apples and 20,000 oranges. That is point B on the diagram. Fewer apples must be produced if it wishes to grow more oranges.
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When a company uses cost-plus pricing, they consider both the costs of production and the desired profit.
A. True
B. False
It is a false statement that a company consider both the costs of production and the desired profit when it uses cost-plus pricing.
What is a pricing?It means the decision-making process that goes into establishing a value for a product or service. Different strategies are used by business when setting prices but they are all a form of pricing. The price that was set during the pricing process is what the customer will pay for that product or service.
The cost-plus pricing, which is called a markup pricing is the pricing method where a fixed percentage is added on top of the cost it takes to produce one unit of a product, hence, the resulting number is the selling price of the product.
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on december 1, jasmin ernst organized ernst consulting. on december 3, the owner contributed $85,160 in assets to launch the business. on december 31, the company’s records show the following items and amounts.
If on December 1, Jasmin Ernst organized Ernst consulting and on December 3, the owner contributed $85,160 in assets to launch the business. ERNST CONSULTING Income Statement For Month Ended December 31 will be showing: $3,400.
ERNST CONSULTING Income Statement For Month Ended December 31 is as follows:
Revenues are:
Consulting revenue $17,950
Expenses are:
Rent expense $4,720
Salaries expense $8,220
Telephone expense $900
Miscellaneous expenses $710
Total expenses $14,550 (4720+8220+900+710)
Net income $3,400
Net income is calculated as ($17,950-$14,550)
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Who typically coordinates a project when one functional area plays a dominant role, or has a dominant interest, in a project being executed with a functional organization structure?
A high-ranking manager from that area coordinates a project when one functional area plays a dominant role, or has a dominant interest, in a project being executed with a functional organization structure.
A project is any task, executed personally or collaboratively and possibly regarding research or design, this is cautiously planned to gain a specific purpose.
An undertaking also can be defined as a hard and fast of inputs and outputs required to obtain a selected aim. initiatives can vary from simple to complex and can be controlled via one individual or 100.
A mission definition (also called a task constitution) is a document that establishes the key targets and phrases of a task. proper mission definition paves the manner for on-time and on-budget shipping because it lowers the hazard of scope creep, budget overrun, and worker burnout.
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The two primary decision-specific qualities that make accounting information useful are:________
The most important decision-specific characteristics that make accounting information helpful are relevance and faithful depiction.
Accounting data is the information that is recorded in the books of accounts and is utilized by management to make decisions. Financial statements are created using this data.
The information provided should be pertinent to the financial statement users and aid in their decision-making. Users may rely on the reported information to develop their opinions and make decisions because dependability guarantees that correct information is reported. According to the feature of relevance, the information must be both confirmatory and predictive in order for users to make and assess economic decisions. The type and substance of information have an impact on its relevance. A depiction would need to have three qualities in order to be an exact replica. It would be whole, impartial, and error-free.
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John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure. what technology should he use?
John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure. He should use transport layer security.
A widely used security technology called Transport Layer Security, or TLS, enables privacy and data security for communications over the Internet. Encrypting communication between web applications and servers, such as when web browsers load a website, is one of the main applications of Transport Layer Security.
The Transport Layer Security protocol achieves its goals primarily through the use of encryption, authentication, and integrity.
Data transfer is protected from third parties by encryption.
Authentication is the process of confirming the identity of the persons sharing information.
Integrity: demonstrates that the data hasn't been altered or falsified.
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The key to managing relationships to achieve customer success is __________________?
The key to managing relationships to achieve customer success is to coordinate your unique talents with the success criteria of your clients.
What is customer success?Customer Success is a long-term, professionally managed, scientifically developed business strategy for increasing customer and business sustainable demonstrated profitability.
A solution to the fundamental problems of customer portfolio development, retention, and expansion is what the developing role is all about. Customer Success is actually the merging of the roles and responsibilities of marketing, sales, professional services, training, and support into a new career. An in-depth understanding of the clients, practical skills in the product being sold, and broad domain knowledge are the three fundamental components of this rising profession.
Sustainable business profitability and growth are the ultimate strategic objectives of the Customer Success function. Making your clients as profitable and productive as you can is the strategy.
Thus, Option c) To align your distinctive competencies with customers' success factors is the correct answer.
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______ is achieved through efficient operations, excellent supply chain management, and strong relationships with suppliers.
Operations efficiency, superior supply chain management, and solid supplier relationships are the keys to operational excellence.
When a company implements and carries out its regular business operations better than its rivals in a given market or industry, it is said to be exhibiting operational excellence. It's a way of thinking that puts a greater emphasis on leadership, teamwork, and problem-solving techniques than competitors or alternatives do.
Businesses that concentrate on operational excellence strategies comprehend the benefits to their customers of consistency, simplicity, lesser errors, and faster turn-around, as well as how to address problems that hinder their operating model. Every job within the company is affected by this idea. Everyone at organizations with operational excellence performance knows how they can help the company achieve its objectives of lowering costs, raising volumes, automating tasks, and streamlining processes.
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A company's earnings after taxes are $200,000 and the firm pays preferred stockholders $18,000 in dividends. the company has 91,000 shares of common stock outstanding. earnings per share is equal to?
A company's earnings after taxes are $200,000 and the firm pays preferred stockholders $18,000 in dividends. the company has 91,000 shares of common stock outstanding. earnings per share is equal to $2 dollars per share
Pretax earnings are a company's income left over in the end operating expenses, including interest and depreciation, are deducted from total sales or revenues, but before income taxes are subtracted, 200,000 - 18,000 = 182,000, 182,000 / 91,000 = 2
When people speak about income and salary and tell you how much money they create, the numbers stockholders they mention are usually pre-tax numbers. The thing is, after you get paid, your salary gets paid post-tax.
Net income after taxes is calculated by taking revenue and subtracting all of a company's expenses and costs, including the following: Cost of products sold, which represents the prices involved.
As a result, this lowers the full income amount that's taxed, which reduces the income taxes the worker is liable for paying. Gross profit deducts costs of products sold (COGS). Operating profit factors in both COGS and every one.
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The inflation rate you are likely to hear on the nightly news is calculated from.
The Consumer Price Index is used to determine the inflation rate that you will probably hear on the evening news. The monthly change in prices paid by American consumers is tracked by the Consumer Price Index (CPI). The Bureau of Labor Statistics (BLS) determines the CPI as a weighted average of prices for a range of goods and services that represents overall consumer spending in the United States.
The CPI is one of the most used measures of inflation and deflation.The producer price index (PPI), which tracks changes in the prices paid to US producers of goods and services, has a different survey methodology, pricing sample, and index weights than the CPI report.
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For some goods and services, the cost of marketing accounts for about half of what the consumer pays for them. True or false
About half of the price consumers pay for various goods and services is attributed to marketing expenses. True
An expense is something that requires paying cash, or fortune in general, to another person or organization in exchange for a good, service, or other kind of cost. Rent is an expense for a tenant. Tuition is an expense for both parents and students. It's common to refer to expenses as things like buying food, clothes, furniture, or a car.
An expense is a sum of money that is "paid" or "remitted," typically in return for something valuable. "Expensive" refers to something that appears to cost a lot of money. A thing is "inexpensive" if it appears to be inexpensive. Dining, refreshments, a feast, and other expenses are referred to as "costs of the table."
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Ellen elder and her brother, buster started elder company when they each invested $600 in the company. after the investments there will be:______.
In a case whereby Ellen elder and her brother, buster started elder company when they each invested $600 in the company. after the investments there will be three reporting entities.
What are investments?An investment can be described as the asset or item that is been acquired having in mind about the goal of generating income or appreciation.
Therefore, In a case whereby Ellen elder and her brother, buster started elder company when they each invested $600 in the company. after the investments there will be three reporting entities.
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Thomas jefferson disagreed with alexander hamilton’s economic plan primarily because he feared that it would.
Thomas Jefferson opposed Alexander Hamilton's economic strategy primarily because he was concerned that it would favor urban mercantile interests over agricultural ones.
The government was supposed to pay off both federal and state debts under Hamilton's proposal. He demanded that the government purchase all of the bonds issued by the federal and state governments prior to 1789. He then intended to issue new bonds to settle the outstanding debts. The government would then be in a position to repay the new bonds as the economy strengthened. Hamilton's plan was well-received by many people, including bankers and investors. People attacked it.
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According to a popular statement in economics, if not for _______________, we should be able to grow the worlds food supply in a flower pot.
According to a popular statement in economics, if not for consumption, we should be able to grow the world's food supply in a flower pot.
What is economics?Economics is the subject regarding the monetary affairs. It is also concerned with the fulfillment of needs and desires through the distribution of finite resources with many uses. It is the study of need and choice.
According to a common economics assertion, we should be able to produce the world's food supply in a flower pot if not for consumption.
There is a demand for resources, yet resources are few. Everyone's needs would be met if there were an abundance of resources. Therefore, it can be concluded that consumption is in large amount as compared to the availability of resources.
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Stair company accepted a credit card with a fee for services rendered. as a result of this transaction ______.
Stair company accepted a credit card with a fee for services rendered. The transaction resulted in: a) total assets rose; b) shareholders' equity raised, and c) documented revenue surpassing accounts receivable.
Can a company turn down credit card purchases?Business owners are allowed to refuse credit cards as payment under both state and federal law. Many businesses decide to establish a minimum purchase requirement for credit cards, meaning that customers who want to make smaller purchases will need to pay in cash.
Increasing cash flow is crucial for business expansion, and accepting credit cards is a guaranteed method to do so while also shortening the time it takes for your company to receive payment. Most credit card payments fund far more quickly than other payment methods like ACH or checks.
Only balance sheet accounts—a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable—are impacted by the entry to write off a bad account. Because this write-off is "covered" by the earlier adjusting entries for expected bad debts expenditure, there is no expense or loss declared on the income statement.
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An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from:_____.
An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.
The economy in points A, B, C, and D is at full employment. Some employees make bread, while others make wine. Points F and G depict scenarios where the unemployment rate varies depending on the state of the economy. Point E illustrates a growing economy that is performing above its maximum level of employment. When the unemployment rate is between 4% and 5%, an economy is considered to be in full employment; nonetheless, frictional unemployment is always present.
Given that the economy was at full employment when the question was asked, but that unemployment then rose, the starting point must be A, B, C, or D, and the final position must be F or G. Only option D, from points C through F, makes sense.
An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.
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