If the customer to whom the company sells the most products is not the most profitable customer, it means that the company is not maximizing its profits. The company probably sells its products to this customer at a lower cost than to other customers, resulting in lower profits.
In addition, the company may devote more resources to this customer, such as providing additional services or discounts, which also eats into their profits. To maximize its profits, a company should focus on providing more value to its most profitable customers and consider reducing resources for a less profitable customer. This way, they can focus their efforts on customers who bring in more money, allowing them to increase their overall profits.
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a large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $4 each, but only 3,650 per month for $9 each. what is the linear demand function for your tie-dye shower curtains?
The linear demand function for your tie-dye shower curtains
D(p)= 3920 - 30p
where p = price.
We want to create a function D() such that D(4) = 3800 and D(9) = 3650. The basic formula will be that of a line in slope-intercept form. Picking a line since we've only been given 2 data points and 2 points define a line and because we've been asked for a "linear demand function". The basic form for a line in slope intercept form is:
y = ax + b
where,
a = slope
b = y-intercept
Let's calculate the slope which is the difference in y divided by the difference in x, so
(3650 - 3800)/(9-4) = -300/5 = -30
So the equation so far is:
y = -30x + b
Now to calculate b. To do so, just substitute a known x and y pair. So
y = -30x + b
3800 = -30*4 + b
3800 = -120 + b
3920 = b
And we have the equation:
y = -30x + 3920
So in conclusion, the demand function is D(p) = 3920 - 30p
where p = price.
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you work for innovative focus, an internationally recognized consulting firm. you are working on the waterpik account to help them with finding their next successful product. you are meeting with the waterpik marketing professionals tomorrow to conduct a trends meeting to list and prioritize key consumer wants and needs. you have also scheduled a meeting with the waterpik engineers to uncover applicable technologies and the company's internal competencies. what type of research are you conducting in your meetings with waterpik?
A formal research plan specifies the techniques for selecting the sources of information and for amassing information from those sources.
What are the sorts of formal lookup design?There are three essential sorts of designs for research: Data collection. Measurement. Analysis.
Formal research is a kind of lookup learn about performed the use of a systematic strategy and scientific methods, while casual lookup is the use of nonscientific techniques to collect and analyze data. Moreover, formal lookup tends to be greater goal or independent than casual research.
An instance of formal lookup is telephone surveys – an often-unpopular structure performed all through election cycles – but however an high quality means of gauging a candidate's popularity. Informal research is simply the opposite – its findings cannot and should no longer be applied to a wider group.
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https://brainly.com/question/21422013#SPJ4A formal research plan specifies the techniques for selecting the sources of information and for amassing information from those sources.
What are the sorts of formal lookup design?There are three essential sorts of designs for research: Data collection. Measurement. Analysis.
Formal research is a kind of lookup learn about performed the use of a systematic strategy and scientific methods, while casual lookup is the use of nonscientific techniques to collect and analyze data. Moreover, formal lookup tends to be greater goal or independent than casual research.
An instance of formal lookup is telephone surveys – an often-unpopular structure performed all through election cycles – but however an high quality means of gauging a candidate's popularity. Informal research is simply the opposite – its findings cannot and should no longer be applied to a wider group.
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brainly.com/question/21422013#SPJ4which four countries have high gross national income (gni) per capita based on 2019 data? multiple select question. sweden india australia china switzerland japan
China has the highest GDP per capita as measured by Macau SAR PPP, followed by Luxembourg. in 2019 India's gni per capita was USD 2,100 in 2019, up 4.48% from 2018. India's gni per capita was USD 2,010 in 2018, up 10.44% from 2017.
India's Gni per capita was USD 2,100 in 2019, up 4.48% from 2018. India's Gni per capita was USD 2,010 in 2018, up 10.44% from 2017. In non-middle-income countries, GNI per capita ranges from $1,026 to $3,995. Her per capita GNI in upper-middle-income countries ranges from $3,996 to $12,375. Finally, GNI per capita in high-income countries is over $12,376. Singapore is the world's highest GNI per capita based on PPP. As of 2021, her GNI per capita based on her PPP in Singapore was her $102,450 international. The top five countries also include Qatar, Norway, Ireland and Switzerland.
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i. suppose nominal gdp in 2009 does not change (compared its previous level in 2008). given this information, we know with certainty that a) real gdp increased during 2009. b) the gdp deflator increased during 2009. c) both the gdp deflator and real gdp fell during 2009. d) more information is needed to answer this question.
d) More information is needed to answer this question.
The information provided, that nominal GDP in 2009 was unchanged compared to its previous level in 2008, does not provide sufficient information to determine whether real GDP and the GDP deflator increased, decreased, or remained unchanged during 2009. To determine this, additional information such as inflation rates, price levels, and changes in the level of production of goods and services will be required.
Gross Domestic Product (GDP) is the monetary value of all final goods and services produced within a country's borders in a given period of time, usually a year or a quarter. It is the most widely used measure of a country's economic output and is used to compare the economic performance of different countries and to track changes in a country's standard of living over time. GDP can be calculated in three ways: by adding up all expenses (consumption, investment, government spending, and net exports), by adding up all the income generated (employees compensation, rental income, and profits), or by adding up the value added at each stage of production .
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on january 1, 2022, teton corporation had retained earnings of $11,540,000. during 2022, teton reported net income of $2,185,000, declared dividends of $785,000, and issued common stock for $1,570,000. what were teton's retained earnings on december 31, 2022?
The Teton's retained earnings on December 31, 2022 were $785,000.
What are retained earnings?The total amount of a company's profits held for internal reinvestment as opposed to being distributed as dividends to shareholders is known as retained earnings (RE). Normally, these funds are set aside for debt repayment or used for capital expenditures like the acquisition of working capital and fixed assets. Retained earnings act as an important link between the income statement and the balance sheet since they are part of shareholders' equity, which connects the two financial statements. Retaining these earnings may be done for a number of reasons, including to finance the purchase of new gear and equipment, research and development, or other initiatives that may lead to future corporate expansion. Future profits will rise by investing more money back into the company.
Retained earnings= $1,570,000-$785,000= $785,000
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when a product is expensive, can have serious personal consequences, or could reflect on one's social image, those considering buying it are likely to
Those considering buying it are likely to be highly involved pricing is said to have a big impact on customer purchasing decisions since the more expensive a product is, the less of it is sold. In contrast.
Market prices alter in response to changes in supply or demand, which impacts incentives. Higher pricing for a good or service encourage both product to make or sell more of it while also encouraging consumers to buy less of it. Prices can have an impact on manufacturers since they may decide whether or not to increase production in response to increasing supply costs.
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at the end of killo co.'s first year of operations, 1,000 units of inventory remained on hand. variable and fixed manufacturing costs per unit were $90 and $20, respectively. if killo uses absorption costing rather than variable (direct) costing, the result would be a higher pretax income of a. $0. b. $20,000. c. $70,000. d. $90,000.
The higher pretax income would be $20,000.
Therefore the answer is b. $20,000.
Absorption costing and variable (direct) costing are two methods used to calculate the cost of producing and selling a product. Absorption costing includes both variable and fixed manufacturing costs in the cost of goods sold. In this method, all manufacturing overhead costs, both variable and fixed, are absorbed into the cost of each unit produced.
Variable (direct) costing, on the other hand, only includes variable manufacturing costs in the cost of goods sold. This method does not include fixed manufacturing overhead costs in the cost of goods sold. Instead, these costs are treated as a separate cost outside of production and are not included in the cost of goods sold.
Under absorption costing, the fixed manufacturing costs are included in the cost of goods sold. So, the cost per unit under absorption costing would be $90 + $20 = $110. The total cost of the 1,000 units of inventory would be $110 x 1,000 = $110,000.
Higher pretax income
= $110,000 - $90,000
= $20,000
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which account was nike's most liquid asset at the most recent balance sheet date? a. cash and equivalents b. common stock c. inventories d. deferred income taxes and other
The most liquid asset of Nike at the most recent balance sheet date would likely be Cash and Equivalents. So, the correct option is A.
Cash and Equivalents are considered the most liquid asset of a company because they can be easily converted into cash. These assets typically include cash on hand, short-term investments with a maturity of three months or less, and other highly liquid and readily marketable securities.
In comparison, Common Stock represents ownership in a company and is not considered a liquid asset. Inventories are tangible assets that are held for sale, while Deferred Income Taxes and Other represent liabilities that are not due in the short term.
Therefore, Cash and Equivalents is likely to be Nike's most liquid asset at the most recent balance sheet date.
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nora is an independent contractor, who worked for a local construction company for a few months this year. which of these documents should she expect to receive from her employer before filing her taxes?
per tila, as implemented by regulation z, what fee would not be considered a finance charge as part of the apr calculation?
Actual expenses are not kept by lenders (title fees, legal fees, closing costs, property taxes, appraisal fees, recording fees, notary fees, etc.)
How do lenders work?One who lends money is known as a lender. In many instances, it's a bank, credit union, or corporate body; however, on occasion, it might be a single person, a group of people, or an investor. In many circumstances, lenders can be useful.
Any lender will demand repayment — along with interest — regardless of the purpose for which they are lending you money. The fee for borrowing the money is interest.
Additionally, interest rates, or the amount you pay for a loan, can differ significantly between loans and borrowers. The lender you choose and the interest rate you pay can have a significant impact on your borrowing costs, particularly for mortgage loans.
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review question what‘s a zero-based budget, and why is it important?
A zero-based budget begins with $0 and allots every dollar to spending, making it an efficient tool for financial planning and management.
What is zero based budget?
A zero-based budget is a budgeting system in which all spending are accounted for and justified starting from zero. This means that every dollar of revenue is allocated to specified expenses, and any residual balance is either saved or invested. Unlike traditional budgeting systems, which base expenses on past period spending, zero-based budgeting compels the budgeter to assess and justify each item, resulting in more accurate and efficient allocation of cash. This strategy can assist individuals and businesses in better controlling their spending and making more educated decisions about financial priorities, which can lead to increased savings and improved financial stability over time.
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What is the best way to deal with volatility and get the best return on your investment?
A.
Invest only in very safe investments.
B.
Put your money in a savings account.
C.
Avoid investments that create capital gains.
D.
Use diversification.
The best way to deal with the volatility and get the best return on your investment is to put your money in a savings account. The correct option is b.
What is a savings account?A Savings Account, by definition, allows you to deposit your money safely with the bank, so you don't have to carry it around with us or hide it in that rusted old steel safe at home. We can withdraw these funds when you need them. There are different types of savings accounts to choose from, and they're not all alike.
The options include traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts and speciality savings accounts.
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project 2 requires computing the sharpe ratio as one of the portfolio's performance metrics. what is the sharpe ratio (annualized) when given a risk-free rate of 0.0, an average daily return of 0.003, a standard deviation of daily returns of 0.01, and 75 days of daily data?
The Sharpe ratio is 0.078 annually when given a risk-free rate of 0.0, an average daily return of 0.003, a standard deviation of daily returns of 0.01, and 75 days of daily data.
The Sharpe Ratio is a measure of the excess return per unit of deviation in an investment portfolio.
It helps investors determine whether the higher return of a particular investment is due to smart investments or higher risk. In this case, given a risk-free rate of 0.0, an average daily return of 0.003, a standard deviation of daily returns of 0.01, and 75 days of daily data, the annualized Sharpe Ratio can be calculated using the formula,
(Average Return - Risk-Free Rate) / Standard Deviation of Returns is the calculation for the Sharpe ratio.
Thus, the Sharpe ratio in this instance would be:
(0.003 - 0.0) / 0.01 = 0.03
Given that the data is daily, we multiply the Sharpe ratio by the square root of the number of trading days in a year to annualize it:
0.03 × √(252/75) = 0.078
The Sharpe ratio is 0.078 annually.
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the classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, common stock of $1,000,000, and retained earnings of $130,260. the current ratio was 2.5. what is the total amount of current liabilities?
The current ratio is a commonly used financial ratio that measures a company's ability to meet its short-term obligations.
It is calculated as the ratio of a company's current assets to its current liabilities. A current ratio of 2.5 means that for every $1 of current liabilities, the company has $2.5 of current assets. To determine the total amount of current liabilities, we can rearrange the formula for the current ratio as follows:
Current Assets / Current Ratio = Current Liabilities
Using the information provided in the question, we know that the current assets are $1,623,850 and the current ratio is 2.5. Therefore,
Current Liabilities = $1,623,850 / 2.5 = $649,540
So, the total amount of current liabilities for the company is $649,540.
It's important to note that while the current ratio is a useful tool for evaluating a company's short-term financial health, it is just one of many financial ratios and should be considered in conjunction with other financial information such as cash flow, profitability, and long-term debt obligations. Additionally, different industries may have different "normal" ranges for the current ratio, so it's important to consider industry averages when evaluating the current ratio of a company.
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cherry sold her condo near campus when she graduated from law school and took a job in another city. she paid her realtor a percentage of the closing price for the home. the functions performed by the realtor included listing the home and marketing it to prospective buyers, which would be considered what type of product?
The realtor's services provided to Cherry would be regarded as a service product. is regarded as a real estate brokerage service for Cherry. obtaining the real estate brokerage services offered realtor
A member of the professional organisation known as the National Association of Realtors is referred to as a realtor. The defines the term "real estate professional" as a collective membership mark that is nationally recognised and designates a real estate professional who belongs to the association and upholds its code of conduct. A member of the professional organisation known as the National Association of Realtors is referred to as a realtor.Agents that operate as residential and commercial real estate brokers, salesmen, and property managers are among the professionals who may carry the title of realtor.Expertise in the subject of real estate is demanded of realtors.
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c. if a special job was available requiring 4,500 billable hours that would contribute a margin of $240,000 before overhead, would the job be attractive?
Work out the difference (increase) between the two values you are comparing in order to determine the percentage increase. After that, multiply the result by 100 and divide the increase by the original number. % growth is calculated as Growth divided by 100.
Subtract the earnings from the prior year from the current year's earnings. Next, Growth multiply the result by 100 after dividing the difference by the earnings from the prior year. For instance, after a year, a person's pay rises from $700 to $1050. Here, the starting point is 700, and the ending point is 1050. Percentage Increase is calculated by substituting the values in the formula: [(1050 - 700)/700] x 100 = (350/700) x 100 = 50%. Consequently, the calculated individual's pay will increase by 50%.
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classifying products in categories helps marketers decide how to a product.
Classifying products into meaningful categories helps marketers decide which strategies and methods will help promote a business's product or service.
What is the importance of classifying products?
Products are categorised into four groups mostly based on consumer purchasing patterns, brand likeness to rival brands, and price range. Marketing personnel can create plans that specifically address the needs of consumers by classifying their items.
Marketing experts divide all consumer goods into four categories: convenience, shopping, speciality, and unsought in order to help design a selling approach.
The first and possibly most crucial stage in import management is classifying products using the appropriate commodity code. These codes provide information to customs officials regarding the importation of products, their admissibility, and any taxes that may be owed. Any importer who classifies goods incorrectly is breaking the law.
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if actual unemployment is 6.2% and the natural rate of unemployment is 4%, cyclical unemployment is: a 6.2%. b 10.2%. c 4%. d 2.2%. e 3.2%
Cyclical unemployment is d) 2.2%. Cyclical unemployment is a type of unemployment that is directly related to the overall health of the economy, and it tends to rise during recessions and fall during expansions.
Cyclical unemployment refers to the unemployment that occurs as a result of fluctuations in the business cycle, specifically during a recession. It is a type of unemployment caused by a decline in aggregate demand for goods and services, leading to a decrease in economic activity and job opportunities.
The formula for calculating cyclical unemployment is:
Cyclical Unemployment = Actual Unemployment - Natural Rate of Unemployment
Given that the actual unemployment is 6.2% and the natural rate of unemployment is 4%, the cyclical unemployment would be:
Cyclical Unemployment = 6.2% - 4%
Cyclical Unemployment = 2.2%
So, the answer is d) 2.2%
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a sport fan who is enticed into buying a ticket to a game by a promotion had her consumer behavior affected by
The concept is Consumer behavior, the actions that people make when they are purchasing products. The answer is option C, the Commercial behavior of the sports company.
Consumer behavior is the study of individuals, groups, or organizations and all activities related to the purchase, use, and disposal of goods and services. Consumer behavior describes how a consumer's emotions, attitudes, and preferences influence purchasing behavior.
Consumer behavior studies how people buy and use products, services, experiences, and ideas. This is important as it helps companies to understand customers' needs, wants, and desires and develop products accordingly.
Four factors determine the characteristics of consumer behavior: personal, psychological, social, and cultural. All factors have a major impact on consumer behavior and the traits that define a customer change as their lives change.
Question:
A sports fan who was enticed to buy a playing card by an advertisement for a game influenced his consumption behavior
a) Other
b) Essential cultural norms
c) Commercial behavior of the sports company
d) Structure of the sports facilities
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The marketing program part of the planning phase of the strategic marketing process includes which of these? a. developing a mission statement b. market segmentation c. analyzing the competitors d. developing the budget e. exploiting positive deviations
The marketing program part of the planning phase of the strategic marketing process includes c. analyzing the competitors.
A marketing plan is a document that outlines a company's marketing efforts for the future year. It describes the period's marketing strategy, promotional, and advertising efforts.
Topics covered in market analysis include market definition, market size, industry structure, market share and trends, and competition analysis. Consumer analysis involves demographics of the target market as well as what impacts their purchasing decisions, such as loyalty, motivation, and expectations.
The marketing strategy section discusses certain strategies that should be incorporated as part of the marketing mix. The plan is based on the marketing 8Ps. Firms may, however, use the traditional four Ps of marketing: product, price, place, and promotion.
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which of the following is not a function of opeartuons management group of answer choices forecasting demand of goods/services allocating funds to various activities in an organization capacity planning of transformation process or system managing inventories of items assuring quality of products/services
Forecasting, capacity planning, scheduling, managing inventories, ensuring quality are just a few of the numerous interconnected tasks that make up the operations department.
What of the following is an operation management function?An organization's processes and operations are managed through operations management. A supply chain manager, product designer, forecaster, quality controller, and delivery manager are just a few of the tasks they undertake.
What four tasks does an operation manager have to perform?Operations managers are typically responsible for managing their company's overall strategy. Process management, purchasing, accounting, human resources, inventory management, and IT management are all their responsibilities.
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why should people or countries specialize according to the comparative advantage and why is comparative advantage crucial to trade?
According to comparative advantage, people and nations should specialise since it allows for more effective resource usage. A country has a comparative advantage if they can produce a particular good at a lower opportunity cost than another country or people.
The economic theory of comparative advantage states that a nation, an individual, or a company has an advantage over others in producing a particular good or service. They can produce it at a lower opportunity cost than competitors, which accounts for this advantage. This indicates that they can manufacture it more effectively thanks to their talents, natural resources, or developed technology. Countries, people, and enterprises can improve their production and consumption efficiency, resulting in higher economic growth and living standards. This is done by specialising in the creation of goods and services where they have a competitive advantage. Trade is essential because it creates the framework for international trade that benefits both nations and individuals.
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how does my business help businesses reach more customers when it matters most? (choose two.)
Note: The services mentioned above can complement each other and provide comprehensive solutions to help businesses reach more customers, but there are also other approaches to achieving this goal.
Marketing is the process of promoting and selling products or services through advertising, distribution and communication to target markets. It involves researching, promoting and distributing products or services to customers with the aim of increasing sales and building brand loyalty. Marketing covers a wide range of activities, including market research, product development, branding, advertising, public relations and sales. The objective of marketing is to understand the needs and wants of target customers and to create and maintain relationships with them by providing products and services that meet those needs.
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the dawgs pay their four running backs $1.2 million, $950,000, $710,000, and $523,000. if the team salary is $41 million a year, what percentage of the total salary is paid to running backs?
The dawgs pay their four running backs $1.2 million, $950,000, $710,000, and $523,000. if the team salary is $41 million a year, 8.18% of the Dawgs' total salary of $41 million is paid to their four running backs.
To find out what percentage of the total salary is paid to running backs, we first need to calculate the total amount of money paid to the four running backs. This can be done by adding up their individual salaries:
$1.2 million + $950,000 + $710,000 + $523,000 = $3.38 million
Next, we need to divide the total amount paid to the running backs by the team's total salary, and multiply by 100 to express the answer as a percentage:
($3.38 million / $41 million) * 100 = 8.18%
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assume that newyork city is the singlie market in the united states. according to the map which would be true based on the von thunen model?
Based on the Von Thunen model, which describes how agricultural land use is affected by distance from a city center, we can make some general observations about land use patterns that might be observed in a single market city like New York City.
In a single market city, the cost of transporting goods to the city center will be the same from all directions, so the Von Thunen model predicts that land use will be arranged in concentric circles around the city center, with different types of agriculture and land use patterns depending on the distance from the city center.
Closest to the city center, we might expect to find intensive land uses like market gardening and dairy farming, which require easy access to the city to sell their products. Further out, we might expect to find more extensive land uses like grain farming and livestock grazing, which can afford to be further from the city center since their products are less perishable.
It's important to note, however, that the Von Thunen model is a simplification and idealization of real-world agricultural land use patterns, and many factors beyond simple distance from a city center can affect land use patterns in practice.
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which of these is not a high-level corporate planning task? group of answer choices defining the corporate mission assigning resources to each strategic business unit organizing cross-functional product teams building the corporate culture establishing strategic business units
What are not considered as a high-level corporate planning task are:
defining the corporate mission organizing cross-functional product teams establishing strategic business unitsWhat does high-level corporate planning task mean?Corporate strategy is the strategy level that is concerned with the entire organization, where decisions are made regarding a company's overall growth and direction. Corporate strategies are arguably the most important and comprehensive level of strategy within an organizational strategy.
Corporate planning is the process of (a) deciding on the company's objectives and goals, including determining which and how many lines of business to engage in, (b) acquiring the resources required to achieve those objectives, and (c) allocating resources among the different businesses so that the objectives are met.
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examples of temporary accounts are: group of answer choices services of revenue, accounts payable, prepaid expenses loss on sale of land, cost of goods sold, subscription revenue depreciation expense, gain on sale of building, office equipment payroll expense, gain on sale of equipment, unearned revenue
Earnings, spending, or benefit and loss accounts are examples of temporary accounts.
What kinds of accounts, both temporary and permanent, are examples?While revenue and expense accounts generally transitory accounts that can be viewed of your income statement that must be deleted each accounting period, resources, debt, and owner's equity too are permanent accounts that can be discovered on your balance sheet.
Is the rent a short-term account?Rent revenue—is it a temporary account? Rent revenue is seen as a transient account. The following revenue or earning accounts are all temporary accounts: Selling, Gross Receipts, Interest Margin, Rent Salary, Crown Income, Dividends, Gain on Equipment Sale and Perhaps other Tax receipts or Income Accounts.
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the outer loop of the circular-flow diagram represents the flows of dollars in the economy. which of the following does not appear on the outer loop? a. wages b. capital c. income d. rent
The outer loop of the circular-flow diagram represents the flows of dollars in the economy ,capital does not appear on the outer loop.
What in economics is the outer loop?The flow of factor services from households to businesses and the equivalent flow of factor payments from businesses to households are depicted in the diagram's outer loop. The movement of products and services from businesses to households is depicted in the inner loop, together with the matching flow of consumer spending from homes to businesses.The related flow of money is shown by the diagram's outer loop. Spending money on products and services from businesses is done by households. Some of the profits from these sales are used by the businesses to cover the costs of production, such as the salaries of their employees.To learn more about outer loop refer to:
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the minimum that a firm has to do to engage in international business is to
Answer:
The minimum that a firm has to do to engage in international business is to export or import products from other countries
in which type of property does an owner own a percentage of the property common elements in addition to their individual units
In condominium type of property an owner own a percentage of the property common elements in addition to their individual units.
What is condominium property ?A condominium is a privately owned apartment building or complex that houses other privately owned apartments. In order to maintain the area, facilities, and other shared resources in excellent working order, condo owners usually pay association fees.
Each unit owner in a condominium is the fee simple owner of a distinct apartment. The purchaser also has an undivided stake in the building's outer walls, roof, swimming pool, and other common features.
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