Adjusting entries make sure that assets are listed in the balance sheet at their current quantities rather than the amounts that have been used up or expired over the period. These journal entries are significant because they guarantee the accuracy of both the revenue statement and the balance sheet. The above statement is false as a result.
What Is an Adjusting Journal Entry?
Transactions that have already happened but haven't been properly documented in accordance with the accrual method of accounting are recorded using adjusting journal entries.At the conclusion of an accounting period, adjusting journal entries are written in a company's general ledger to comply with the matching and revenue recognition standards.Accruals, deferrals, and estimations are the three most typical types of adjusting journal entries.When one accounting period ends and another begins, it is used for accrual accounting.A cash accounting company does not require altering journal entries.To know more about Adjusting journal entries visit:
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Kodi company has a debt-equity ratio of .80. return on assets is 7.4 percent, and total equity is $460,000. a. what is the equity multiplier?
Kodi organization has a debt-equity ratio of .eighty. go back on belongings is 7.4 percent, and total fairness is $460,000. the equity multiplier: $61272.
Debt fairness ratio=debt/equity
therefore debt=(zero.8*460,000)=$368,000.
as a result total belongings=(debt+equiyy)
=($368000+$460,000)=$828,000.
1.fairness mulitplier=overall assets/total fairness
=(828000/460000)=1.8
2.ROE=internet earnings/overall fairness
=(61272/460,000)=13.32%.
three.ROA=internet profits/general belongings
as a result net profits=(7.four%*828000)=$61272.
The debt-equity ratio is an economic ratio indicating the relative proportion of shareholders' equity and debt used to finance a corporation's property. intently related to leveraging, the ratio is likewise called risk, gearing, or leverage.
The debt-equity ratio measures your business enterprise's overall debt relative to the amount at the beginning invested by means of the proprietors and the profits which have been retained over the years.
The most excellent debt-equity ratio will tend to differ broadly by means of enterprise, but the standard consensus is that it should no longer be above a stage of 2. zero. while a few very huge companies in fixed asset-heavy industries (along with mining or production) may have ratios higher than 2, those are the exception instead of the guideline.
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In the closing process, ______ are zeroed out by crediting each account and ______ are zeroed out by debiting each account.
In the closing procedure, expenses and dividends are zeroed out by crediting each account, and incomes are zeroed out by debiting each account.
What is the objective of the closing process?One purpose of closing admissions is to communicate net income or net loss for the period to Retained Earnings. A second objective is to "zero out" all temporary accounts (revenue accounts, expense accounts, and Dividends) so that they begin each new period with a zero balance.
The statement of cash flows must be prepared last because it takes data from all three previously prepared financial statements.
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Good friends nick, ricardo and lauren start a private accounting firm together which they manage and own jointly. their company may be set up as:_____.
A commercial relationship should be based on shared principles and objectives, just like any other kind of cooperation.
The formation of a corporate partnership has many benefits. It's a chance to pool resources, and that person probably possesses skill sets that you don't. The following six factors should be taken into account before selecting a business partner.
You must share beliefs and be committed to staying in touch despite the ups and downs of running your business.
Any business's primary objective is to make a profit, thus it's crucial to describe your financial management strategy. Although some people may find this difficult, it's crucial to discuss your financial beliefs right away.
At least one partner in a limited partnership is subject to limitless responsibility. Due to the other partner's limited liability, the firm cannot be linked to their personal assets. This kind of partnership is often chosen when both partners are involved in the business to varying degrees.
Each partner's financial commitment to the company is constrained in a limited liability partnership. Both parties will be best protected by this setup.
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Answer: a partnership
Explanation:
A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits.
If the number of employed increases while the number of unemployed does not change, the unemployment rate:________
The unemployment rate is the proportion of the labor force that is not now employed but has the potential to do so.
What Is the Rate of Unemployment?
The percentage of the labor force that is unemployed is known as the unemployment rate. It is a lagging indicator, thus rather than anticipating changes in economic conditions, it frequently rises or falls in response to them. The unemployment rate is likely to increase when there aren't many open positions and the economy is struggling. It seems sense to anticipate a decline in the economy when there are many available positions and a healthy labor market.
The Bureau of Labor Statistics uses many parameters to determine the unemployment rate in six distinct ways.
3.5% was the U-3 unemployment rate in July 2022.
The recognized and most commonly referenced national unemployment rate in the United States is the U-3, which the BLS publishes as part of its monthly employment situation report. According to this definition, someone who is unemployed must have actively sought employment over the previous four weeks and be willing and able to work.
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When radian6 listens to consumer conversations about which brands they like the best or the ones with which they have emotional connections, this demonstrates ________________ referral.
Affect referral can be seen when radiant listens to consumer conversations about which brands they like the best or the ones with which they have emotional connections .
What does Affect Referral mean ?
Through affect reference, consumers frequently select products purely based on their memories of their previous feelings towards such companies, skipping the requirement to analyze and evaluate their choices. Affect referral is usually thought of as a choice strategy that minimizes effort, which makes it only occasionally occur when recalled affect solely guides behavior. This argument, on the other hand, focuses on the idea that affect referral is the pattern instead of the exception. Relating to an affect indicates the logical human system that regulates how internal information is utilized in decision-making situations involving brands that are stored in memory.
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Which purchase situation is most likely a low involvement purchase for the consumer?
Tyrone is buying a cup of coffee at the corner coffee shop, which he does most days.
This is further explained below.
What is a consumer?Generally, The process through which a company or other organization acquires the products or services it needs to meet its objectives is known as purchasing.
Even though there are various organizations that make an effort to provide standards for the buying process, individual firms' procedures might be quite different from one another.
A person or group is considered to be a consumer if they intend to order, do order, or use purchased goods, products, or services primarily for personal, social, family, household, and similar needs that are not directly related to entrepreneurial or business activities.
Consumers can be individuals or groups.
In conclusion, Tyrone is doing what he does almost every morning, which is going to the coffee shop on the corner and purchasing a cup of coffee.
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In pure competition, customers see the different available products as close substitutes. many marketing managers compete by ______.
On one extreme of the market structure range, where there are many enterprises, is perfect competition. In this context, the word "many" has a specific meaning. Each company is so small in relation to the market in a completely competitive industry that it has no impact on the product's pricing. Every company that is totally competitive is a price taker. Numerous businesses therefore imply that each business is so little as to be a price taker.
The other end of the market structure spectrum, where there is only one firm, is called a monopoly. Monopolies possess monopoly power, or the capacity to alter the product's price. Market power, another name for monopoly power, is quantified by the Lerner Index.
Market structure characterized by a differentiated product and flexibility of entry and exit is known as monopolistic competition.
Monopolistic Competitive enterprises have two traits: one similar to a monopoly (a differentiated product gives it market strength) and the other to a competitive firm (freedom of entry and exit). A walk to the grocery shop reveals a sizable number of diverse products, such as toothpaste, laundry soap, morning cereal, and so on. This type of market structure is typical in market-based economies.
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The _____________ section of the purchase agreement you reviewed is not for the buyer to fill out. it is where the seller indicates whether the offer is accepted or countered.
The conditions section of the purchase agreement you reviewed is not for the buyer to fill out. It is where the seller indicates whether the offer is accepted or countered.
What is a Purchase Agreement?
An official contract between a buyer and a seller is known as a purchase agreement. It is a written statement of the terms and conditions of a transaction. When the buyer or seller requires assurance that both parties will uphold the agreed-upon terms, purchase agreements are frequently used for expensive goods or special orders.
Purchase agreements can take many different forms. Almost any form of an asset can be bought or sold using them. However, huge transactions that go beyond the realm of typical companies are where they are most frequently used.
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The institutions and officials organized to maintain public order, protect life and property, and provide public goods are called:____.
The answer is Government.
The institutions and officials organized to maintain public order, protect life and property, and provide public goods are called: government.
Describe a public good?A good or service that is provided to all members of a society is referred to as a public good in economics. Governments often handle the administration of these services, and taxes are used to pay for them all.
Law enforcement, national defense, and the rule of law are a few examples of public goods. Access to clean air and water are examples of more fundamental public goods.
It must be non-rivalrous and non-excludable, which are the two main characteristics that set a public good apart. When products are non-rivalrous, it means that their supply does not decrease as more people use them; when they are non-excludable, it indicates that all citizens can access them.
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Investing in technology capabilities automatically improves the characteristics of all your vehicles.
a. true
b. false
Investing in tech capabilities won't actually automatically improve the characteristics of all your vehicles. Thus, the claim is FALSE. The answer is letter b.
In StratSim, a vehicle's interior, styling, safety, and quality are its most important features or characteristics. One of them isn't the technological capabilities. Minor upgrades can be quickly implemented to upgrade or improve your vehicle, but they do not give you enough time to get out of overstock.
In essence, StratSim or Strategic Simulation Management is a simulation of integrated strategic management. In the quick-paced auto industry, it is a type of management where teams interact effectively against one another.
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Holly is a freshman in college and decides to go grocery shopping for the first time. When selecting her groceries, she chooses almost all the same brands that her mom always buys. This is an example of which influence on consumer-decision making?.
This is an example that influences consumer decision making Socio-Cultural.
Consumer behavior can be interpreted as a process associated with the existence of a buying process. Where, during the buying process, consumers carry out a number of activities ranging from searching, researching, and evaluating products and services. However, consumer behavior is basically not limited to product quality, but also about product prices and promotions related to where the goods are sold.
In economic activity, the seller has the obligation to be able to understand the differences and similarities between consumers or consumer behavior. The goal is to be able to market their products in the most appropriate way and also in accordance with the target.
Factors Affecting Consumer Behavior
Social FactorCultural FactorPsychological FactorPersonal FactorYou can learn more about Consumer behavior here brainly.com/question/10073130
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The two classifications used for assets and liabilities on the balance sheet are ______ and ______.
The two classifications used for assets and liabilities on the balance sheet are current and non-current.
What are assets and liabilities?
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a point in time.
Assets are resources owned by a business that is used to generate positive economic value to the business. Current assets are assets that can be converted into revenue within an accounting period which can be a year. Examples of current assets are inventory, account receivable, cash. Noncurrent assets are long term investments whose value would not be fully realised within one accounting period. An example of noncurrent asset is machinery.
Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Current liabilities are liabilities that would be paid within an accounting period. An example of account payable. Noncurrent liability are liabilities that would not be settled within an accounting period. An example is bond payable.
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If a person with a 24 percent tax bracket makes a deposit of $5,500 to a tax-deferred retirement account, what amount would be saved on current taxes?
If a person with a 24 percent tax bracket makes a deposit of $5,500 to a tax- $1,320 will be saved.
The amount of taxes avoided if $5,500 is invested is:
Taxes saved equal $1,320 ($5,500 x 24%).
So, by investing $5,500, $1,320 will be saved.
when the taxes owed below income tax are more than the taxes owed beneath the enterprise's accounting, a deferred tax liability is established. Deferred tax obligation is the term used to describe the distinction between the taxes that need to be paid beneath profits tax and the taxes that ought to be paid underneath the company's accounting in this case.while the taxes owed below earnings tax are much less than the ones owed below the organization's accounting, a deferred tax asset is produced. Deferred tax asset is the time period used to describe the difference among the taxes that need to be paid beneath earnings tax and the taxes that should be paid beneath the organisation's accounting in this case.The investment this is tax-deferred is completely deductible from taxable earnings. the amount of the funding is deducted from the character's taxable income.
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One rationale for establishing a price skimming objective is that ________ lends status to a product or brand by virtue of a price relatively higher than the competition.
One rationale for establishing a price skimming objective is that Prestige Pricing lends status to a product or brand by virtue of a price relatively higher than the competition.
Skimming pricing involves setting the expensive price that customers really desiring the product are willing to pay when launching a new product.
Who uses skimming pricing?
Price skimming examples are mostly experienced among tech giants, like Apple, Samsung, Sony, and other companies that discover new technologies that they know are higher in demand
What is meant by skimming price?
a pricing approach in which the manufacturer sets a high launching price to attract buyers with a crave for the product and the resources to buy it, and then gradually decreases the price to attract the next and afterward layers of the market.
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Carlos can produce the following combinations of x and y: 10x and 10y, 5x and 15y, and 0x and 20y. the opportunity cost of one unit of x for carlos is:_________
Carlos can produce the following combinations of x and y: 10x and 10y, 5x and 15y, and 0x and 20y. the opportunity cost of one unit of x for carlos is 1 Y/X
Since,
Opportunity cost ( OC) = What we give up/ What we gain
Therefore,OC x = Give up ( y)
= 15-10
= 5y
Therefore, =5/5
= 1y/x
What is opportunity cost?
Opportunity cost is the profit that is forfeited when one option is chosen over another. The idea serves merely as a reminder to weigh all viable options before making a choice. For instance, let's say you have $1,000,000 and decide to put it into a product line that will yield a 5% return. Opportunity cost might not always include financial resources. Opportunity cost is a concept that is sometimes difficult to properly quantify at the moment of decision-making. Instead, the decision-maker may only make approximations of the results of different alternatives, which means that incomplete information may result in an opportunity cost that won't be apparent until after the fact.To know more about Opportunity cost visit:
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A rise in the domestic real interest rate would cause a ________ in net exports and a ________ in the exchange rate.
A rise in the domestic real interest rate would cause a fall in net exports and a RISE in the exchange rate.
In general, businesses and consumers spend less when interest rates are high. This is because borrowing money costs more when interest rates are high. As a result, companies frequently turn to the stock market to raise money, which can cause stock values to decline.
An increase in interest rates causes the local currency to appreciate. In comparison to domestic goods and services, import prices decline. Exports see a decline in profitability and competition. Exports decline while imports rise, reducing the net export portion of total demand and spending.
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If people willingly give up something (such as money) for a good, then the good is:_________
A good is scarce if consumers are ready to forego something else (like money) in exchange for it.
A scare good is what?
A scarce good is one where selecting one option requires eschewing another. Consider a piece of land. We can utilize the parcel for a variety of other things as well. We could build a house there. We could erect a gas station there. It might be transformed into a tiny park. We may leave the property undeveloped so that we can choose later how it should be used.
However, not all products give us these choices. Free commodities are those that allow us to select one usage without forgoing another. One of the best examples of a free good is gravity.
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The single method to use when calculating romi is to measure total sales revenue generated by marketing activities.
a. true
b. false
It is false that the single method to use when calculating romi is to measure total sales revenue generated by marketing activities.
What is Sales Revenue ?A company's sales revenue is the income it receives from the selling of goods or the provision of services. The phrases "sales" and "revenue" in accounting can and frequently are used interchangeably to signify the same thing.
It is vital to understand that revenue does not always imply cash received. A portion of sales revenue may be paid in cash, while another portion may be paid on credit via accounts receivable.
On the income statement, sales revenue can be shown as either gross revenue or net revenue. Net revenue includes all deductions for products returned, the potential of undelivered merchandise, and the expense for uncollectible accounts receivable (sometimes known as "bad debt expense").
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Which of the following is an example of how high student loan debt can
impact a person's life decisions?
A person may choose to buy a car instead of leasing since they can afford a
large down payment.
High student loan debt can be used as collateral and improve a person's
chance at buying a house.
O High student loan debt can make it easier to borrow more and continue
studies in graduate school.
A person may choose to rent instead of buying a home since they can't afford a
down payment.
Assume there was $100,000 of rent when the company produced 1,000 units. what would be the cost per unit and in total to produce 2,000 units?
The cost per unit is $50. The total cost of producing 2,000 units is $100,000.
What is the cost per unit?Rent is an example of a fixed cost. Fixed cost do not vary with the level of output. The rent paid would be the same if the firm produces 0 units of output or 100,000 units of output.
Thus, the rent would be the same if the firm produces 2,000 units as it is when the firm produces 1,000 units.
The cost per unit also known as average cost can be determined by dividing the rent by the total unit of output.
Cost per unit = rent / total output
$100,000 / 2,000 = $50
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To effectively segment a market, you should ensure that the segments are relatively blank______, at least in terms of prospective buyers' needs and response to marketing.
To effectively segment a market, you should ensure that the segments are relatively blank Homogeneous
Effective marketing :
Effective segmentation should be quantifiable , accessible, substantial, discriminable , and actionable. When a company has segmented their market accordingly, there is a higher chances that it will become more profitable and successful in the long run.
Who is a prospective purchaser ?
a prospective buyer is any prospective client party that could be a fit for the purchase of a company that is being marketed in a sell-side transaction. In the world of M&A, a prospective purchaser is one of the buyers that gets put on a prospective buying list.
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You need to transfer some naoh solution from a very large stock bottle to your reaction flask. how do you do this correctly?
The correct option is (d) to use a smaller container to retrieve the NaOH and then transfer the NaOH to your reaction flask.
We will use a smaller container to retrieve the NaOH and then transfer the NaOH to your reaction flask.
How do you transfer chemicals from one container to another?Solids are typically simpler to transfer to a beaker or other container with a wide mouth. Bring a beaker with a label to the shelf where the chemicals are kept for the reagents. Don't set the reagent bottle down after removing the cap (risks contamination).
By tipping the bottle and slowly turning the bottle back and forth, many solid chemicals can be transferred with ease. Avoid raising the bottle high and letting the liquid spill out. Use the spatula if one is offered at the reagent bottle. Never use a spatula that you own. Make sure the appropriate lid is on the appropriate bottle before setting the bottle back on the shelf.Using a funnel is the most secure and efficient way to move chemicals from one container to another. All liquid-based chemicals should be put through a funnel, whether they are in quantities of 1 gallon or 50 gallons, to minimize the risk of spills.
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The complete question is:
“You need to transfer some NaOH solution from a very large stock bottle to your reaction
flask. How do you do this correctly?
a. use a funnel to pour the NaOH from the stock bottle to your reaction flask
b. set up a siphon system to retrieve NaOH from the stock bottle to your reaction flask
c. directly pour the NaOH from the stock bottle to your reaction flask
d. use a smaller container to retrieve the NaOH and then transfer the NaOH to your reaction flask.”
Which company is expecting to gain the majority of its returns on new investments?
Phillips Petroleum is expecting to gain the majority of its returns on new investments.
What is investment?Investment is the dedication of a resource to achieving a value rise over time. A current item, such time, money, or effort, must be sacrificed in order to invest. The goal of investing in finance is to profit from the asset that is being financed. Your investing style and method of choice are determined by your investing personality. Your financial risk profile, which takes into account your age, financial background, current situation, and investment objectives, essentially sums up your investing personality. Investment assets include both tangible and intangible goods that are acquired for the purpose of generating additional income or held for speculation in the hope that their value will rise in the future.Learn more about investment here:
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Suppose there is a simultaneous increase in demand and decrease in supply, what effect will this have on the equilibrium price?
Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price. 1. Consumers now place a higher value on goods, and producers must charge a higher price to offer the goods; as a result, prices will rise for all quantities.
If demand increases at the same time as supply increases, as is the case in the scenario depicted, the new equilibrium price will be greater than the initial equilibrium price.
We therefore know that an increase in supply decreases equilibrium price and increases quantity, while a rise in supply increases equilibrium price and decreases quantity (and vice versa) (and vice versa).
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When a company takes a long-term approach to on pricing its products by weighing price, value, and customer satisfaction, this is an example of creating:_________
When a company takes a long-term approach to on pricing its products by weighing price, value, and customer satisfaction, this is an example of creating Customer Delight.
Surprising a consumer by going above and beyond their expectations results in a favourable emotional response. This feeling results in word-of-mouthWhat factors are crucial for happy customers?It's important to make your consumers happy. They may be your strongest supporters and draw more attention to you, but they may also be your loudest critics and inform others of their negative interactions with you. After the transaction, you must leave your consumers with the impression that you value and actually care about them.To Learn more about Customer Delight, Click the links
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When a product's demand varies directly with money income, it is considered a(n) ______ good.
When a product's demand varies directly with money income, it is considered a superior good.
What is the demand?Demand can be defined as the fact that the customers would make the demand or ask for the product or service and pay for the same. It depends upon the need and want of the people.
A product is a superior good or that good health a considered as the best quality of food the product demand there is direct with the money or the income as the people are ready to pay the amount.
A commodity with income levels higher than 1, is the one that increases in consumption as wealth does for a person.
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Managerial accounting provides information that would probably be most beneficial to:_____.
Managerial accounting provides information that would probably be most beneficial to the IRS financial analysts a lending officer of the bank .
What is Marginal Accounting ?
A "margin account" is a specific kind of brokerage account where the broker-dealer lends the investor money to buy securities while using the account as collateral. While margin gives investors more purchasing power, it also exposes them to the possibility of bigger losses.
The number of shares X the price X the margin rate must be multiplied to determine the margin needed for a long stock buy. The margin needed for a short sale is equal to the standard margin needed plus 100% of the security's value.
If you have $5,000 in cash, for instance, in a margin-approved brokerage account, you could purchase up to $10,000 in marginable stock. You would use your cash to purchase the first $5,000 of that amount, and your brokerage company would lend you the remaining $5,000 using the collateralized marginable stock as security.
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In a large corporation, stockholders and managers are usually separate groups. True or false
Management and stockholders typically fall under different categories in major corporations. True
What Exactly Is a Shareholder?
Anyone who owns at least one share of a company's stock or mutual fund unit is referred to as a shareholder. This includes companies, businesses, and organizations. The company's primary owners are its shareholders, who also have specific rights and duties. They are able to gain from a business's success with this type of ownership. Two examples of these benefits are increasing stock prices and dividend payouts. The share price of a corporation always declines when it suffers a loss, on the other hand, which could result in losses for investors or a decline in their portfolios.
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The billion-dollar mergers and takeovers that swept the mass media since the 1990s were possible because of:_______
The billion-dollar mergers and takeovers that swept the mass media since the 1990s were possible because of deregulation.
What is mass media?
Mass media, to put it simply, is any technology used to communicate with or reach a large audience. The main channel for the general population to communicate with one another and on a larger scale is the mass media. Newspapers, radio, television, the internet, magazines, and more are among the most widely used forms of mass communication.
Deregulation made possible the multibillion dollar acquisitions and mergers that swept the media in the 1990s possible.
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The price at which willing buyers and sellers would trade is called ______ value.
Answer:
equilibrium price or market equilibrium