TRUE/FALSE. After posting the entries to close all revenue and expense accounts, Marker Company's Income Summary account has a credit balance of $6,800, and its Marker, Withdrawals account has a debit balance of $2,900. These balances indicate that net income for the current accounting period amounted to $3,900.

If 2019 is chosen as base year, the CPI inflation from 2019 to 2020 is less than market.

The consumer price index (CPI) calculates a price based on a market basket of goods and services that households have purchased. The CPI's changes over time are used to monitor price changes. A statistical calculation known as a CPI is produced using a sample of representative prices that are regularly obtained. Sub-indices and sub-sub-sub-indices can be calculated for a variety of product categories and sub-categories. The combined index is then created by combining these individual indices, with weights denoting the shares of each category in the total consumer spending the index encompasses. Most national statistical organisations calculate a variety of pricing indices, including this one. A CPI's annual percentage change is used to calculate inflation.

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Potential risk management is important for the suppliers to maintain a strong supply chain and to mitigate the inherent risks.

Risk management is the main key in the process of elimination of waste and in stimulating other best practices within the supply chain worldwide. Wasting resources can add risks to the organization and to the supply chain, so by the proper planning and a good risk management system, materials can be repurposed to avoid the wastage.

Potential risks which can threaten a supply chain include the natural disasters, logistical errors, lack of raw materials, late shipments, and other pandemics. The key to maintaining a strong supply chain is to create an effective supply chain management system worldwide, to help in mitigation of the inherent risks at play.

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The accounting equation applies to businesses in the following ways:

The accounting equation states that assets = liabilities + equity, which means that the assets of a business are equal to the total of its liabilities and equity.

This equation forms the basis of double-entry accounting and helps to ensure that a business's financial statements are in balance.

Revenues - expenses = net income. This relationship shows that a business's net income is equal to its revenues minus its expenses. The net income figure is important because it represents the profit or loss that a business has earned during a specific period of time.

These two statements explain how the accounting equation applies to businesses.

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The complete question is

Select all that apply Which of the following statements explain(s) how the accounting equation applies to businesses? Check all that apply The equation states that Assets Liabilities - Equity The equation reflects the fact that, at any point in time, total revenues will always equal total abilities and assets. The equation applies to all transactions The equation reflects that the total of what a business owns at any point in time will equal the total of what it owes creditors and owners The relation of assets, liabilities and equity is reflected in the equation The equation states that Revenues - Expenses = Assets

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In country manager, the manufacturing costs of all latin american countries are lower than that of us presuming a minimum of 100 million units of production the above statement is true.

Which choice should be taken first when making important choices about international expansion?

Market research is the initial step in preparing for a worldwide business expansion, as should be obvious. It does not necessarily follow that a market is viable for you just because there is strong demand in that nation for your goods. The market demand alone is only one factor to take into account.

In Country Manager, all Latin American nations' manufacturing expenses are cheaper than ours, assuming the aforementioned assumption is accurate and there are at least 100 million pieces produced per year.

Therefore, A country manager represents a corporation in a different nation.

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If Shen produces both paninis and burgers, then when production is efficient  then Shen can produce more paninis only by producing less burgers.

What is Production?

Production is the process of mixing multiple inputs, both immaterial (such as plans or information) and material (such as metal, wood, glass, or polymers). In a perfect world, this output would be a product or service that is useful to people and has value.

Businesses that offer products have three main production process options to pick from. These three types of production are batch, flow, and jobs.

The four categories of factors of production that economists distinguish between are land, labor, capital, and entrepreneurialism. Producing companies are referred to as producers by economists. These businesses produce goods to market to consumers. For instance, a garment business makes apparel for customers.

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The value of a wheelchair conversion van that originally cost $45,680 and depreciates so that each year it is worth 7/8 of its value from the previous year can be modeled by the formula: v(t) = $45,680 * (7/8)^t, where t is the number of years since the van was originally purchased.

Depreciation is a decline in the value of an asset over time, due to factors such as wear and tear, obsolescence, or changes in market conditions. In this case, the van is depreciating so that each year it is worth 7/8 of its value from the previous year. To model this decline in value over time, we can use the formula: v(t) = $45,680 * (7/8)^t, where t is the number of years since the van was originally purchased. The value of the van after t years, v(t), is equal to the original cost, $45,680, multiplied by the factor (7/8)^t, which represents the decline in value over time. By using this formula, we can estimate the value of the van after any number of years, and make decisions about when to replace or upgrade the asset, based on its declining value and the cost of maintenance and repairs.

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Emotional intelligence, Active Listening & Interpersonal communication are the core principles in business communication.

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Survey type of marketing research study gathers information from people using a carefully planned set of questions.

What is survey?

A check is a fashion for acquiring data from a sample of people by asking material questions with the thing of comprehending populations as a whole. Everyone involved in the information frugality, from pots to the media to the government and academia, relies on checks as a vital source of information and perceptivity. Although the styles used to conduct checks vary greatly, there are some common rudiments. Experimenters in numerous different disciplines of study, including check methodologists, psychologists, statisticians, and others, have completely examined numerous of these characteristics.

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The Work in Process Inventory account must be debited in order to report the application of manufacturing overhead in a journal entry.

This is because when manufacturing overhead is applied, it is considered to be a cost of the goods in production. The Work in Process Inventory account is used to track the costs of goods in production, so it makes sense to debit this account when recording the application of manufacturing overhead.

The journal entry will also include a credit to Manufacturing Overhead, which is the account used to track the total amount of manufacturing overhead that has been applied to production. This is done to ensure that the total amount of manufacturing overhead that is applied can be tracked.

Additionally, the journal entry may include other accounts depending on the specific situation, such as Wages Payable or Cash.

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Advantages of using in-house agencies over outside agencies for advertising include:

A:   Easier coordination of promotions with overall marketing program.

B:   Closer ties to top management.

C:  Greater control over the creative process and message.

It is important to note that there are also potential disadvantages to using an in-house agency, such as a lack of expertise and specialization in certain areas, limited resources and manpower, and potential conflicts of interest. Both in-house agencies and outside agencies have their own pros and cons, and the choice between the two ultimately depends on the specific needs and goals of the company.

"

Complete question

which of the following are advantages of using in-house agencies over outside agencies for advertising? (check all that apply.)

-Lower turnover

-Easier coordination of promotions with overall marketing program

-Closer ties to top management

"

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A. Earnings per share for 20X1:

$326,000 ÷ 200,000 = $1.63 per share

P/E ratio for 20X1:

$90.50 ÷ $1.63 = 55.54

b. Earnings per share for 20X2:

$380,000 ÷ 200,000 = $1.90 per share

P/E ratio for 20X2:

$102.00 ÷ $1.90 = 53.68

c. The P/E ratio changed because:

(102 ÷ 1.90) ÷ (90.50 ÷ 1.63) = 1.0733

Percent change = (1.0733 - 1) × 100 = 7.33% increase in the P/E ratio.

The P/E ratio increased because the increase in stock price was greater than the increase in earnings per share.

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A cashier who places customer's change on counter so that he/she may verify amount of change best demonstrates transparency.

Retail cashiers, or simply cashiers, are people that oversee the cash register at various locations, such as the point of sale in a retail store. The term is most usually used in the retail industry, while it is also applied to the person in charge of receiving and disbursing payments in accounting and to the role of a bank teller in branch banking in the United Kingdom, which is known as a bank teller in the United States. Cashiers will record the amounts received, maybe create transaction reports, read and record the totals shown on the cash register tape, and then compare those totals to the quantity of cash on hand. The cashier may be expected to understand the worth and qualities of the goods for which payment is made.

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Utility maximisation is the process through which a customer aims to obtain the most value or satisfaction from the package while spending the least amount of money allotted.

What is Utility maximisation?

In a strategic plan known as utility maximisation, people and businesses aim to get the most enjoyment possible out of their financial choices. For instance, management will implement a plan of purchasing items or services that deliver the greatest advantage when a company's resources are restricted. The utilitarian philosopher's John Stuart Mill and Jeremy Bentham created the idea of utility maximisation. Alfred Marshall, an economist from England, introduced it into economics. The cost of a product that a consumer is prepared to pay is a presumption in classical economics that approximates the greatest utility that they obtain from the acquired thing.

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Answer:

True

Explanation:

I'm pretty sure it's correct

An architectural design company just won the bid for a huge project. To ensure that everyone does the right work at the right times, a well-designed a chain of command will show who has authority over whom.

A chain of command is a management structure that outlines how each employee in a corporation reports to one another. The founder, owner, or CEO would be at the top of the chart, and those who report to them would be directly below.

Because they are the company's senior executive, a business owner or CEO is at the top of the chain of command. Senior executives or those in vice president roles over a portion of the organization are often at the next level down.

A chain of command exists to distribute authority and responsibilities, keep personnel informed of company news, and establish a structure for information sharing. It also guarantees that each individual is accountable for their own task while simultaneously having a more senior leader available to provide help, encouragement, and incentive.

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A voluntary economic exchange between Ivan and Samantha does not occur because the price that Ivan is asking for the car ($70,000) is higher than the price that Samantha is willing to pay ($55,000). In order for a voluntary exchange to take place, both parties must agree on a price that is mutually acceptable to both. If the buyer is not willing to pay the price asked by the seller, then a transaction will not occur. In this case, neither Ivan nor Samantha receive any positive economic surplus from the transaction.

What is a voluntary economic exchange?

Voluntary exchange is a mutually agreed upon trade between two parties without coercion. Both parties believe they will benefit from the transaction and agree to the terms of the exchange freely. It is the foundation of market economies and allows for the efficient allocation of resources and exchange of goods and services for mutual benefit.

Hence, the answer is, no exchange occurs, and neither Ivan nor Samantha receive it.

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Although the majority of Americans claim to know at least some of their neighbors, just approximately three out of ten say they know all or the majority of them.

The likelihood that a person of a rural location knows all or the majority of their neighbors is higher than that of a resident of an urban or suburban area, but this does not always mean that they interact with their neighbors more frequently than their counterparts in other community types.

Americans generally have a good reputation for being dependable neighbors, but suburban and rural communities are especially trustworthy. In comparison to around half of urban residents, about six out of ten people in these communities say they have a neighbor they would trust with a key to their house.

People in rural settings are significantly more likely to respond that all or most of their neighbors share their race or ethnicity when asked to describe their neighbors than do those in cities and suburbs. The likelihood that suburban residents have the same social class as their neighbors is slightly higher than that of their urban and rural counterparts, while the likelihood that all or most of their neighbors share their political beliefs is low across all community types.

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The Gilded Age, which spanned from the 1870s to the early 1900s, was a period of tremendous change for the United States.

As the nation rapidly transitioned from an agricultural society to a major industrial power, economic growth surged, immigration increased, and powerful business leaders such as Andrew Carnegie and John D. Rockefeller rose to prominence.

This newfound wealth sparked a heated debate over the role of success and the accumulation of wealth in society. Some argued that the wealthy had an obligation to use their money to benefit others, while others argued that the wealthy had a right to accumulate as much wealth as possible. This debate reverberated through politics as the government sought to regulate the economy and protect the public from the excesses of the wealthy.

Thus, the Gilded Age stands as a time of intense dialogue and discourse over the meaning and purpose of wealth.

Complete Question:

Which of the following eras was MOST regularly characterized by debate over the nature of success and the accumulation of wealth?

A. The Renaissance

B. The Enlightenment

C. The Industrial Revolution

D. The Gilded Age

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(a) Clean Air's financial statement users will be made aware of this significant increase in the market value of the company's investments via the balance sheet.

Financial statements are written records that convey a company's business activities and financial performance.

This material increase in the market value of the Company's interests will be disclosed to the users of Clean Air's financial statements through the Company's balance sheet.

(b) Clean Air had not paid any income tax on the increase in the value of these investments as of December 31, 2000, because the company only pays taxes on the actual sale of the investments, not on their increase in value.

(c) If Clean Air decides to sell these investments in 2001 and realise a capital gain, the company will be required to pay 30% income tax on the gain. The amount of income tax owed is determined by multiplying the capital gain by the tax rate (30%). If the company does not sell the investments, there will be no impact on the company's 2001 income tax liability.

Therefore, the balance sheet will show the market value of the investments as an asset, and any increase in value will be reflected in the difference between the cost and the current market value.

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The statement "the profits arising from market power are called monopoly rents, whereas those arising from superior resources are ricardian rents" is True. Profits arising from market power are called monopoly rents, while those arising from superior resources are called ricardian rents.

Monopoly rent is a type of economic surplus generated by a company that has monopoly power in the market. It refers to the extra profit that the monopolist gains above and beyond the profit that would be obtained in a perfectly competitive market. This surplus arises because the monopolist may charge a higher price for his good or service than would be possible in a competitive market, due to a lack of close substitutes and an absence of significant competition.

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An easy ability to make eye contact, a conversational quality, and concept control are signs of having high command of extemporaneous speeches.

What is an extemporaneous speech?

A verbal presentation of an argument, narrative, or explanation on a topic that hasn't been extensively or occasionally even briefly discussed before is known as an extemporaneous speech. Extemporaneous speeches are frequently delivered as impromptu speeches when there is little time for preparation. Because the speaker does not have any prepared written notes, an extemporaneous speech differs from a prepared oration. Instead, he talks when they occur and without any prior planning, goes off on tangents.

Additionally, an extemporaneous speech concentrates on convincing or educating an audience on a specific subject and is typically delivered as a part of a public speaking competition.

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Are periods of economic downturn when output and employment are falling: recessions business cycles expansions deficits.

A recession can be characterized as a supported time of powerless or negative development in real GDP (output) that is joined by a huge ascent in the unemployment rate. Numerous different indicators of monetary movement are likewise powerless during a recession. For example, levels of family spending and speculation by organizations are generally low. Likewise, the quantities of families and organizations that can't take care of credits are strangely high, similar to the quantity of organizations that nearby down. Since these indicators are ordinarily present when there is a huge expansion in the unemployment rate, the unemployment rate is viewed as a solid and convenient rundown indicator of a scope of negative improvements in an economy.

The most widely recognized meaning of recession utilized in the media is a 'technical recession' wherein there have been two successive quarters of negative development in real GDP.

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The correct question is:

Are periods of economic downturn when output and employment are falling.

Market system do private individuals and firms own most of the property resources such as land and capital.

A market system is a group of buyers, sellers, and other participants who get together to conduct business in a certain good or service. A market system's participants include: Direct market participants that fuel economic activity in the market include producers, buyers, and consumers.

It is not governed by a centralised body; rather, the supply and demand for goods and services decide it. The market economies of the United States, England, and Japan are all examples.

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The supply of savings and the demand for loans are displayed on the market for loanable funds. The real interest rate adjusts until the amount of savings offered and the amount of loans requested are equal.

The loanable funds concept is a theory of market interest rates in the field of economics. With this strategy, the supply and demand of loanable money determine the interest rate. All types of credit, including loans, bonds, and savings accounts, are referred to as "loanable money." Savings are the source of the loanable funds available. It is predicated on borrowing that loanable funds are in demand. The real interest rate and the amount of loans made depend on how the supply of savings and the demand for loans interact.

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One advantage of starting a new business rather than operating a franchise is creating our own rules. Thus, the correct answer is option B.

A franchise is a permission granted by a government or a company to an individual or group to engage in specific commercial activities, such as acting as an agent for a company's products.

You create your own systems and procedures when starting your own business. As part of our franchise agreement, you must follow a slew of regulations, procedures, and rules. When we find ourselves following someone else's rules, the desire to be our own boss can fade.

Therefore, creating own rules is an advantage of starting a new business.

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They would pay 20% tax on $12,000 of taxable income since it falls between the $10,001 to $30,000 limit. A tax is a compulsory payment or financial burden imposed by any government on a person or a business.

According to this tax structure, if your taxable income was $12,000, you would be taxed as follows: The tax would be $1,200 for the first $10,000 of taxable income (10000 * 0.12). The tax would be $4,000 (20,000 * 0.20) for the following $20,000 of taxable income ($10,001 to $30,000). For the first $30,000 in taxable income, the total tax due would be $5,200 ($1,200 + $4,000). The tax would be $3,360 for the remaining $12,000 in taxable income (12,000 * 0.28). Therefore, the total amount of tax due would be $8,560 ($5,200 plus $3,360). This implies that if your taxable income was $12,000, you would pay tax at a rate of 12% on the first $10,000, 28% on the first $12,000, and 20% on the following $20,000 if you had any more income.

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Due to the economy and preparations for Hate Week, there is no electricity.

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A subsidy involves smaller sacrifices in the national welfare than occur under equivalent tariff or quota is correct regarding effects of a tariff, quota, and subsidy.

A government incentive, also referred to as a subsidy, is a sort of monetary support or aid provided to an economic sector (a company or an individual), typically with the goal of furthering economic and social policy. There are numerous sorts of subsidies, including direct (cash gifts, interest-free loans) and indirect (gifts in kind) (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). They can also be broad or specialised, legal or illegal, moral or immoral, etc. The most common kinds of subsidies are ones that benefit either producers or consumers. Producer/production subsidies ensure that producers are better off by giving them direct assistance, paying production-related expenses, or supporting market prices. Consumers frequently benefit from cheaper costs for goods and services as a result of subsidies for consumption/consumers.

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The right answer is option C.

The Income Statement and the Balance Sheet will be impacted by the recognition of revenue on account.

It should be noted that expenses for salaries and wages do not directly reflect on the balance sheet. The income statement includes them.

On the balance sheet, however, salaries and wages payable are regarded as a liability. Therefore, "income statement; liabilities on the balance sheet" is the appropriate response.

The amount of unpaid accounts at year's end is shown on the balance sheet, together with the book values at which such accounts are recorded.

Income Statement: This shows the year's revenues and costs in straightforward terms.

The cash flow from operations is shown in this statement, which is divided into three categories: operating, investment, and financing.

Financial Statement Notes: This is a document created as an annexure to financial statements that explains different elements in all three of the aforesaid financial statements.

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The Cournot equilibrium output levels for each firm will be 80 units, and profit for each firm will be $6400.

The advertisement cost is a sunk cost, and this is very prominent in the oligopoly market. This cost is required in an oligopoly market so that the advertising firm's product is prevalent, as the market deals in a slightly differentiated product.

a) The Cournot equilibrium output level and profit for each firm are calculated below:

P = 300 - [tex]Q_1-Q_2[/tex]

[tex]TR_1 = 300Q_1-Q^2_1-Q_1Q_2\\\\C_1=60Q_1[/tex]

[tex]\pi _1=300Q_1-Q^2_1-Q_1Q_2-60Q_1\\\\\frac{d\pi _1}{dQ_1}=300-2Q_1-Q_2-60=0[/tex]

      = [tex]300-2Q_1-Q_2-60=0[/tex]

[tex]Q_1=\frac{240-Q_2}{2}.......(i)\\\\Q_2=\frac{240-Q_1}{2}......(ii)[/tex]

From [tex](i)and(ii)[/tex]

[tex]Q_1=\frac{240(\frac{240-Q_1}{2} )}{2}[/tex]

[tex]4Q_1=240+Q_1\\\\3Q_1=240\\\\Q_1=80\\\\Q_2=80[/tex]

P = 300 - 80 - 80

P = 140

[tex]\pi _1=(140*80)-60(80)\\[/tex]

    = 6400

[tex]\pi _1=6400[/tex]

The Cournot equilibrium output levels for each firm will be 80 units, and profit for each firm will be $6400.

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