To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by entries.

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Answer 1

To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by adjusting entries.

What is adjusting entry?

An adjusting entry is the entry that is posted after the posting of all the journal entries for a period, all the transactions are posted and then at the end of the period the adjusting entry is recorded.

The adjusting entry balances and effects the balance of the assets, liabilities, revenue and expenditure at the end of the period.

Adjusting entry is also posted when the reversing effect of the journal entry is to be posted and this results in the change of the account balances of assets and liabilities of the company.

The balance sheet and income statement is prepared after the posting of journal and adjusting entries.

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Related Questions

In the classical model with fixed income, a reduction in the government budget deficit will lead to a?

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In the classical model with fixed income, a reduction in the government budget deficit will lead to a lower real interest rate.

What is the effect of reduction in the government budget deficit ?

A budget deficit can be described as the term that is been used to described the situation whereby  government spending is greater than tax revenues.

It should be noted that  the Reduction in the deficit can be gotten as a result of the tax increases  as well as the cuts in government spending , and sometimes a a period of GDP growth that can be seen to   result to  rise in direct as well as  indirect tax revenues, hence In the classical model with fixed income, a reduction in the government budget deficit will lead to a lower real interest rate.

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The problem of bankruptcy is associated with misuse of credit in the ______________ component of financial planning.

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The problem of bankruptcy is associated with the misuse of credit in the borrowing component of financial planning.

Making a plan for your future, specifically one that addresses how you will handle your finances and be ready for any potential expenses and problems is known as financial planning.

Policy creation in relation to borrowing and lending, cash management, and other financial activities results from financial planning. Such policies will aid in making crucial decisions for the management of capital and achieving financial activity coordination.

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In which way can podcasts be organized when used by organizations? check all that apply.

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Podcasts are an amazing strategy for building endow with your clients since they grant you to share your authority and data. It can similarly help you with getting an investigation from your group and show that you care about their necessities.

Ways of organizing podcasts used by an organization are :-

Associations embraced podcasting for sound or video messages that needn't bother with a live presence yet offer a heartfelt human face.

System to impart draw-out information that doesn't require affiliation.

It can also override costlier live video visits.

They are featured on media locales, association passageways, or shared on web diaries and long-range relational correspondence objections.

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Which account represents the cumulative earnings of the firm since the firm started, minus dividends paid?
a. accumulated depreciation
b. paid-in capital
c. retained earnings
d. common stock

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The answer to this question is C.

The retained earnings of a company are posted on the balance sheet of a commodity under the equity team. The retained earnings represent the cumulative earnings of the firm since its construction.

What are retained earnings balance sheets?

Retained Earnings is a term utilized to describe the historical profits of a business that have not been paid out in bonuses. It is represented in the equity area of the Balance Sheet. It is a step of all profits that a business has earned since its beginning.

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Discount coupons, contests, or rebates are examples of special incentives that are often used in ______.

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Discount coupons, contests, or rebates are examples of special incentives that are often used in consumer sales promotions.

What happens in consumer sales promotions?

When a company wants to entice consumers to spend more on products, they embark on consumer sales promotions.

These consumer sales promotions will be garnered at making customers feel like they are saving on costs to buy goods and services. They include things like discount coupons, rebates, and contests to get more goods at low or no prices.

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In order to be considered a legal owner of a public company, a person or organization must _____

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In order to be considered as a legal owner of a public company, a person or an organization must hold or own at least one stock of such public company.

What is the significance of a legal owner?

A legal owner can be referred to or considered as a person who is the owner of a property, whether movable or immovable, in the eyes of the laws. A legal owner is better than any other owner for having the right to own, possess, and sell such property.

In case of a public company, a legal owner will be someone who owns the stock of such company, irrespective of the quantity of stocks held by such owner.

Therefore, the significance regarding a legal owner has been aforementioned.

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If nick wants to write a speech about the steps in stringing a guitar, he should use the _________strategy

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The chronological strategy should be used if Nick wants to write a speech about how to string guitar. Therefore, the correct answer is chronological strategy,

String guitar:

The vibrating component that creates sound in string instruments including the guitar, harp, piano (piano wire), and violin family members is a string. Strings are lengths of flexible material that are held under tension by a musical instrument so they can vibrate freely but subtly. Strings can be "wound," with a "core" of one material and a "overwinding" of another, or they can be "plain," made entirely of one material, such as steel, nylon, or gut. The goal is to get the desired pitch of vibration while keeping the string's low profile and playable flexibility.

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A customer reports that a printer is constantly jamming, and paper is usually stuck in the paper tray. which printer component is most likely causing this problem?

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A customer reports that a printer is constantly jamming, and paper is usually stuck in the paper tray. It is the Pickup Rollers are the component likely causing this problem.

What are printer rollers and how do we keep them clean?

The tiny, circular rubber components known as printer rollers assist in feeding paper through your printer. They may gather dust from the paper and ink smears from printing double-sided sheets over time. You must first identify the printer rollers in your printer before you can clean them. After that, you can either use a rubber-renewing product or clean them with water and a lint-free cloth. Most printer paper-feeding issues will be resolved as a result.

In order to keep the rollers working, keep cleaning them following the below directions:

Use water and a lint-free towel to clean the rollers. Dip your lint-free cloth into a cup of distilled water that has been poured into it. The material should be slightly wet, but not drenched. To get rid of any dirt or grime that has accumulated over time, wipe the damp cloth across the surface of the rollers. To thoroughly clean the entire surface area, make sure to fully rotate the rollers.

Before using your printer once more, be careful to properly dry the rollers.

Thus printer rollers are to be kept tidy.

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Bonds that hold two adjacent nucleotides together are called __________________ bonds.

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Bonds that hold two adjacent nucleotides together are called "phosphodiester bond."

What is phosphodiester bond?

The phosphodiester bonds are created as a result of a condensation reaction between two sugar groups' phosphate and hydroxyl groups.

Some key features regarding the phosphodiester bond are-

The hydroxyl group is a like-group formed by bonding of one oxygen atom and a hydrogen atom. The carbon that the hydroxyl group would be attached is represented by the "-." Furthermore, phosphate groups are molecules that contain an atom of phosphorus covalently bonded to four oxygen atoms. The phosphodiester bond is also known as the phosphoester bond.A phosphodiester bond is a chemical bond formed when two hydroxyl groups throughout phosphoric acid react with hydroxyl groups on other molecules, resulting in the formation of ester bonds. It can be found in the backbones of DNA and RNA.

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When compared to exchange systems that rely on money, disadvantages of the barter system include:____.

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In the barter system, items are swapped for other goods. When there is a two-fold coincidence of wants, this exchange of products for goods functions well. In the absence of such, a large number of pointless transactions must be made, wasting resources.

The requirement of a twofold coincidence of wishes is one of the drawbacks of the barter system in assessment to trading structures that depend upon cash.

The incapability to make postponed payments, the absence of a general unit of size, the problem of storing products, and the absence of double accident of wishes are other drawbacks of the barter machine.

the lack of a double coincidence of needs in barter is resolved by using cash as a medium of alternate because it separates the acts of sale and buy. Whoever needs your commodities should buy them from you for money, and you should purchase items from every person who desires to promote them for money. the use of cash as a form of change is typical.

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______ is evidenced when national officials fund a project that is actually implemented by state governments.

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cooperative federalism  is evidenced when national officials fund a project that is actually implemented by state governments.

India's cooperative federalism is a reflection of the idea that the center and other units should have a solid relationship. It directs all governmental entities to take action and work together to address shared social, political, economic, national and civic issues. The Latin word "foedus," which meaning a pact or accord, is where the name "federalism" first appeared. A federation is thus a new state policy that combines the power of decentralized units with the centralization concept. India is made up of numerous states with distinct cultures, therefore federalism adaption is essential. The concept of cooperative federalism in India improves relations between the center and the states as well as between the state government and local governments.

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Before composing a business document, you should gather information that will answer which of these questions?

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Before composing a business document, you should gather information that will answer which of these questions :  What is the receiver to do?

Reason :

Business messages that follow the direct strategy include routine requests and responses, orders and acknowledgments, nonsensitive memos, e-mail messages, informational reports, and oral presentations.

What is direct and indirect approach in communication?

Using the direct approach, you deliver the message straight away after your salutation, whereas a more indirect approach will follow some kind of buffer before you deliver your message. Which strategy you choose depends on the situation and the way in which you wish to represent your message or complain .

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Question content areathe point of zero profit is called the:_______
a. break-even point.
b. profit-volume point.
c. target-profit point.
d. contribution-margin point.

Answers

Question content is the point of zero profit is called the break-even point.

What is the break-even point?

The break-even point (BEP) or break-even level denotes the volume of sales necessary to cover all costs, which include both fixed and variable costs to the business, in either unit (quantity) or revenue (sales) terms. At break-even, there is no overall profit. A company can only break even if its sales are more expensive than its variable cost per unit. This indicates that in order for the corporation to recover the initial cost of the good or its components, the selling price of the good must be greater (variable and fixed costs). The business can begin turning a profit after they surpass the break-even pricing.

One of the most often used financial analysis concepts is the break-even point, which is not just useful for economists but can also be used by business owners, accountants, financial planners, managers, and even marketers. All aspects of a firm can benefit from break-even points since they enable staff to define necessary outputs and work toward achieving them.

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Which Learning Outcome domain accounts for almost 50% of the ITIL 4 Foundation exam?

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Understand 7 ITIL practices Learning Outcome domain accounts for almost 50% of the ITIL 4 Foundation exam

This is further explained below.

What is the Learning Outcome domain?

Generally, Knowledge, Skills, and Perceptions are the three pillars that make up the student's overall learning (values).

The areas of knowledge, ability, and attitudes that form the foundation for writing learning outcomes may be broken down into three categories, which are described below.

All of the learning objectives indicate either learning or the development of skills and attitudes in these areas.

In conclusion, Acquire knowledge of the seven ITIL practices Almost half of the points on the ITIL 4 Foundation test are devoted to the Learning Outcome domain.

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Both china and india have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption, because of?

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Because of the two-way relationship between growth and inequality, both China and India have seen rapid economic growth despite having weak property rights laws and significant levels of corruption.

What does this mean?

It is impossible to establish whether such proportional development was conceivable because of the intricate, two-way interaction between inequality and growth. Even then, it might have come at the expense of faster growth. The reduction in poverty may have been less than the high but relatively uneven growth experiences of each country if the growth rate had sufficiently slowed.

Income inequality does not appear to affect the growth opportunities after controlling for starting asset inequality, including that of land and education.

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Since the international market is significantly larger than the domestic market, exporting is nearly always a way to increase a company's revenue. True or false

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Exporting is almost always a technique to improve a company's revenue because the worldwide market is substantially greater than the domestic market. True.

What does export mean?

Exporting is the process by which businesses from one nation sell their products and services to clients or customers in another nation. Energy and natural resources, as well as raw materials like food or textiles and completed consumer goods like electronics, are frequently exported between nations.

Exporting is the practice of producers and merchants who sell their wares to consumers in other countries. One approach for firms to expand their potential market, increase revenue, and expand is by exporting.

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A customer has an existing margin account that shows: $16,000 lmv $14,000 debit the customer will receive a call for minimum maintenance margin of?

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The customer will receive a call for minimum maintenance margin of $2,000.

Given,

LMV = $16,000

Debit = $14,000

Maintenance margin = ?

So the account has $16,000 of securities × 25% minimum maintenance margin which is = $4,000 minimum equity requirement.

As the account has $2,000 of equity, an additional $2,000 must be deposited to bring the account to minimum maintenance.

A maintenance margin is the minimum amount of equity which an investor should maintain in the margin account after the purchase has been made by the investor.

Hence, the customer will receive a call for minimum maintenance margin of $2,000.

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An action item list refers to an aid to implement a marketing plan that consists of four columns, including which of these?

Answers

Answer:

action plan

power point

at the risk of seeming boring or monotonous, properties will still be at their highest value if the neighborhood exhibits

Answers

Conformity is the answer. When a property is in tune with its surroundings, maximum value is produced.

According to sociologists, conformity is "human behaviour that adheres to the established standards of a group or community." The majority of human behavior is accommodative in nature since people are aware of and cover up their lifestyle judgments. The act of conforming attitudes, views, and behaviors to social standards, political ideologies, or similar viewpoints is known as conformity. Norms are unspoken, detailed guidelines that a group of people adopt and use to govern their relationships with one another. A sort of social influence known as conformity involves altering beliefs or behaviors in order to fit in with a group. This adjustment is a result of either actual (other people being there physically) or hypothetical (pressure from societal norms and expectations) group pressure.

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Bill is concerned about his year-end tax payments. what are some options that are available to him to lessen his concerns?

Answers

The correct answer is  “Bill can -

a) increase the amount of tax deducted from each paycheck

b) file quarterly tax payments”.

One may use the following tax year: a twelve-month period starting on January 1 and ending on December 31 is known as a calendar year. Twelve consecutive months that conclude on the final day of any month, excluding December, constitute a fiscal year.

What do you mean by "tax payment"?

Tax Payments are cash payments made by or on behalf of the borrower and its consolidated subsidiaries for federal, state, municipal, and international income taxes and assessments, as well as all related interest, penalties, and charges.

One of the top development priorities is tax and fee collection. Setting the appropriate pricing incentives for consumers and companies, financing investments in human capital, infrastructure, and the delivery of services to residents and businesses.

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Income that is available for spending and saving after an individual has purchased the basic necessities of food, clothing, and shelter is known as:__________

Answers

The correct answer is discretionary income.

Discretionary income, in its most basic definition, is the money left over after covering essential expenses including taxes, daily living costs, and household bills.

What distinguishes disposable income from discretionary income?

After all federal, state, and local taxes have been paid, your remaining funds are known as disposable income. Contrarily, discretionary income is the money you still have after paying all of your basic living expenses and taxes.

What is covered by discretionary income?

The money you have left over from your post-tax salary after paying for necessities like rent, utilities, and food is known as discretionary income. It is what you use to make non-essential purchases during the month (often referred to as discretionary expenses).

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Although the business plan has a great amount of detail and requires thoroughness, a well-explained business idea will come to life almost immediately in which part of this document?.

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A well-explained company idea will materialise almost immediately in the section of the business plan where the executive summary is located, despite the business plan's extensive length and requirement for thoroughness.

Business plan:

An extensive written document that outlines a company's goals and objectives is called a business plan. A business plan contains a detailed strategy for the company's operations, finances, and marketing. Both new and established businesses use business plans. A business plan is an important document that should be read by both internal and external audiences. For instance, before a business has created a solid track record, a business plan is applied to entice funding. It might also make it easier to get financing from financial institutions.

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Joseph company has an investment in assets of $450,000, operating income that is 18% of sales, and an roi of 10%. from this information, the amount of sales for the year would be:___________

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Joseph company has an investment in assets of $450,000, operating income that is 18% of sales, and an ROI of 10%. from this information, the number of sales for the year will be $81,000

Let 'A' be Sales then the Net profit will be 10% of A i.e O. A Given Return of Income = 18% and Investments =$450000 Return of Income =( Net profit I Total Investment )

0.18 = (0.lA /450000)

0.18*4:iOOOO = O. A 81000 I 0.1= A

810000 = A

Total sales will be $810000.

Then Income will be $810000*10% = $81000

What is ROI?

The ratio of net income (during a period of time) to investment is known as return on investment (ROI) or return on costs (ROC) (costs resulting from an investment of some resources at a point in time). When an investment has a high return on investment, its benefits outweigh its expenses. ROI is used as a performance metric to assess an investment's effectiveness or to compare the effectiveness of multiple distinct investments. It is a method of connecting earnings to capital invested in terms of economics. When adjusted for the magnitude of the investment assets entailed in the business, ROI and associated indicators offer a glimpse of profitability. ROI is frequently contrasted with anticipated (or necessary) rates of return on investment. ROI is not time-adjusted (unlike, for instance, net present value), thus the majority of textbooks define it as an investment in "Year 0" and income for two to three years.

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When designing a product, the style, uses, and other related marketing activities, marketers must:____.

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A product's appearance, intended usage, and other marketing components must all be created to be culturally appropriate.

The four Ps represent the crucial factors that must be carefully thought out and put into practice in order to properly advertise a good or service. Product, price, place, and promotion make up this list. The marketing mix is another name for the four Ps. They cover a wide range of aspects that are taken into account when marketing a product, such as what consumers want, how the good or service satisfies or doesn't satisfy those wants, how the good or service is perceived in society, how it distinguishes itself from the competition, and how the business that makes it engages with its clients.

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Only costs that would disappear over time if a segment disappeared should be treated as:________

Answers

Answer:traceable

Explanation:

Marc, a single taxpayer, earns $62,200 in taxable income and $5,220 in interest from an investment in city of birmingham bonds. using the u.s. tax rate schedule for 2021, what is his average tax rate?

Answers

$10,771.25 is his average tax rate

$10,771.25 = 5,183.75 + .25(60,000 - 37,650)

How can I calculate the average tax rate?

The sum of all taxes paid divided by total income is the average tax rate.  The additional tax levied on additional income is known as the marginal tax rate.

All sources of income are added together, nontaxable items are excluded, and credits and deductions are subtracted to arrive at the taxable income.

Your federal income tax obligation will be around $4700 if you are a single wage earner making $45,000 per year. The combined tax for social security and Medicare will be around $3,400. In some states, there may be extra taxes.

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Is it possible for shareholders to defer or avoid the second level of tax on corporate income altogether? briefly explain.

Answers

Yes. To the extent that shareholder payments like salary, rent, interest, and fringe perks are tax deductible, the second level of tax can be completely avoided.

Shareholder?
A shareholder (withinside the United States regularly called stockholder) of a enterprise is an man or woman or criminal entity (which include any other enterprise, a frame politic, a agree with or partnership) this is registered via way of means of the enterprise because the criminal proprietor of stocks of the percentage capital of a public or non-public enterprise. Shareholders can be called contributors of a enterprise. A man or woman or criminal entity will become a shareholder in a enterprise while their call and different information are entered withinside the enterprise's sign up of shareholders or contributors, and until required via way of means of regulation the enterprise isn't required or accepted to investigate as to the useful possession of the stocks. A enterprise usually can not very own stocks of itself. The have an impact on of a shareholder at the enterprise is decided via way of means of the shareholding percent owned. Shareholders of a enterprise are legally break free the enterprise itself.

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Identify the requirements through which people can be equipped for leadership roles at all responsibility levels.

Answers

The requirements through which people can be equipped for leadership roles at all responsibility levels are the following:

Training Encouragement Proper Selection.Leadership Knowledge

Effective leaders take a personal interest in the long-term development of their workforce, and they motivate individuals to perform at their highest levels by using tact and other social skills. It's not about being "kind" or "understanding," but rather about utilizing people's intrinsic drives to further an organizational objective.

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The npv method is based on the assumption that projects' cash flows are reinvested at the project's risk-adjusted cost of capital.
a. true
b. false

Answers

This is TRUE! The NPV or Net Present Value method is based on the assumption that projects' cash flows are reinvested at the project's risk-adjusted cost of capital.

In general, the assumption made by the Net Present Value method that cash inflows will be reinvested at the cost of capital (or weighted average cost of capital a.k.a. WACC) is more plausible than the assumption being made by the Internal Rate of Return. The former method is typically preferred over the IRR method. The NPV approach is therefore generally superior.

However, the NPV and IRR criteria cannot ever result in recommendations for independent projects that are in conflict with one another.

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Which individuals helped pioneer administrative management theory?

Answers

Answer: Charles Clinton, max Weber

Explanation:

Henri Fayol (1841–1925) and Max Weber (1864–1920) helped pioneer administrative management theory

Administrative management theory attempts to find a rational way to design an organization as a whole.

The theory generally calls for a formalized administrative structure, a clear division of labor, and delegation of power and authority to administrators relevant to their areas of responsibilities.

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Please help me Im giving brainiest Directions. Read the word. Count the sounds in the word. Write thenumber of sounds in the box.1.lip2.ship3.tap4.stop5.duck6.thin7.quilt how many characteristics of life the rabbit displaying? Multiplying and dividing DecimalsIn qualifying for an auto race, one driver had lap speeds of 195.3 mph, 190.456 mph,193.557 mph, and 192.575 mph. What was the driver's average speed for the laps driven? An aluminum rod of e = 70 gpa and a diameter of 15mm exhibited a strain value of 0.001 mm/mm when subjected to a load p. the value of the load p is most nearly:_______ a. 15000 b. 12000 c. 10700 d. 12370 The most prominent submarine mountain chains on the ocean floor are the ________. a) ocean ridges b) abyssal plains c) seamounts ocean d) trenches What is the stressed syllable of the following words?1. Maite2. aguanta3. ahora4. almohada5. amarillo6. aorta7. aplaude8. aries9. auto10. baile11. bien12. brasil13. carro14. ciudad15. cohete16. coincide17. cuba18. cuenta19. cuidado A payday loan company charges 3.8 percent interest for a two-week period. what would be the annual interest rate from that company? Exercise 1 Add commas where necessary. Cross out commas used incorrectly using the delete symbol. Some sentences may be correct.World War II began shortly after her marriage, but Dorothys work was not interrupted. I NEED HELP WITH MY HOMEWORK SOMEONE HELP PLS Client asks the nurse why two cancer medications are needed. what is the nurse's best explanation? On easter island, the most isolated piece of inhabited land in the world, the loss of timber due to the cutting down of trees by humans resulted in? Help please Algebra PLS HELP -8+13+(-13)!!!! describe a sequence of transformation that takes abcd to a'b'c'd' 3 Recommend TWO practical strategies that could be implemented by the community to ensure that the anti-substance abuse campaigns are effective 9. Lichens are important to an ecosystem because theyhelp form soilprevent tree growthreplace older communitiesbecome unstable How do I solve this problem?6/16 + 128 The dense fibrous connective tissue portion of the skin is located in the reticular region of the dermis. a. true b. false Cognitive changes, such as improved information processing, more breadth of content knowledge, and combining knowledge in new ways allow for improved ______ in adolescence.