In an installment sales contract, the seller retains the title to the property.
An installment agreement requires the buyer of the property to repay the seller in installments. The buyer can take immediate possession of the property but the legal title remains with the seller until the amount is repaid in full. In this case, the buyer of the property becomes the equitable owner of the property.
This means that the buyer can enjoy the usage of the property and can enjoy the other rights of ownership. However, the seller retains the legal title. this provides the seller with the security that he requires. This is required by the seller in case the buyer fails to pay the installment amounts in accordance with the agreement.
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Which journal would the company use to record the correction of the error in inventory?
It is the sales journal that has been used by a company to record the correction of the error in inventory. Hence, Option A is correct.
What is the error in inventory?Before one can understand what an error in inventory is, one must first understand what inventory is. "Inventory" is a term used in commerce to announce which goods and materials a business has on hand.
The ultimate goal of this inventory is to resell this product and utilize the money that one gets from selling it. When a company makes any kind of mistake in recording, the correction of inventory will be made in the sales journal.
Thus, option A is correct.
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The complete question is attached in text form:
Which journal would the company use to record the correction of the error in inventory? A. sales journal. B. purchases journal. C. cash receipts journal.
The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time.
true/ false
The statement "The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time" is true.
What is a balance sheet?A balance sheet is basically the snapshot of a company in time, showing its financial position at a certain moment. A balance sheet will include the following:
The company's assets, that is, everything that is owned by the company.The company's liabilities or everything it owes.The owner's equity.What is an income statement?The income statement, also known as the profit and loss statement, is a summary of a company's financial performance, but over a determined period of time.The income statement helps the company adjust and take action whenever things do not go as originally planned. An income statement will include the following:
GainsLossesExpensesRevenuesWith the information above in mind, we can conclude that the sentence provided in the question is true. The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time.
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A(n)___________ market includes the aspects of a customs union and allows factors of production to move freely among members.
A Common Market includes the aspects of a customs union and allows factors of production to move freely among members.
There is an expansion of the traditions association idea, with the extra component that it accommodates the free development of work and capital among the individuals.
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What penetration model should be used when a company's management team does not wish to disclose that penetration testing is being conducted?
black box
What is black box?
A black box is a system that can only be understood in terms of its inputs and outputs (or transfer characteristics) in the fields of science, computing, and engineering. The way it's implemented is "opaque" (black). The phrase can be used to describe a variety of internal mechanisms, including those of a transistor, an engine, an algorithm, the human brain, as well as those of organizations and governments.Around 1945, it appears that the phrase "black box" acquired its contemporary connotation and entered the English language. The process of network synthesis from transfer functions, which led to the idea that electronic circuits are considered to be "black boxes" determined by how they react to signals sent to their ports, may be traced back to Wilhelm Cauer, who first published his concepts in 1941.Although Cauer did not use the term himself, those who followed him undoubtedly did. Vitold Belevitch dates the concept of black-boxes back even further, claiming that Franz Breisig was the first to explicitly treat two-port networks as black boxes in 1921 and that 2-terminal components were implicitly treated as black-boxes before that.The "explanatory principle," the theory of a causal relationship between the input and the output, provides the foundation for comprehending a black box. This concept argues that the system's inputs and outputs are separate, are observable (and related), and are opaque to the observer (non-openable).To learn more about black box visit:https://brainly.com/question/19475106
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Rents of $750.00 per month on each unit of a 4-plex are current. for an october 16th closing, the rent proration on the settlement statement would be:________
Rents of $750.00 per month on each unit of a 4-plex are current. For an October 16th closing, the rent proration on the settlement statement would be $1,548.38 Credit Buyer & Debit Seller.
-Seller must pay buyer for the days the buyer owns the property, Oct 16 - 31, 16 days. $750 x 4 /31 = $96.77 per day x 16 = $1548.38
What does it mean to prorate your rent?The amount a landlord charges is referred to as "prorated rent" and is only applied to the days the unit is occupied when a resident occupies it for a short period of time (a month, week, day, etc.). Given that daily rates are frequently more expensive, it is based on monthly rates instead than daily rates.
You must first determine the daily rent in order to figure out how much prorated rent will be. Divide the overall rent payment by the number of days in a month to arrive at this. Then double the acquired daily rent amount by the number of days you will be occupying the property during that month.
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2. List FIVE different presentation methods that are now available to presenters and explain
how they are making presenting more interactive?
FIVE different presentation methods are now available to presenters.
A number of the exceptional presentation strategies, the primary ones are formal and formal. Their distinction is specifically in the fashion of your shipping and the information presentation methods. The formal presentation is pleasant desirable for the enterprise meetings or university degree, scientific displays.
Informative shows.Instructive presentations.Persuasive shows.Motivational displays.progress presentations.if speakme to presentation slides, keep away from cluttering them with a lot records that no person will read them. encompass the simplest key points on the slides and intersperse images in the course of your presentation to create a hobby and connect with your target audience's senses.
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The law of demand is consistent with common sense because people ordinarily ______.
The law of demand is consistent with common sense because people ordinarily buy more of a product at a low price than at a high price .Price is a barrier that prevents consumers from making purchases. They will purchase less of a product if that barrier is higher; conversely, if that barrier is lower due to price, they will purchase more.
MarketsIn markets, buyers and sellers (sometimes referred to as "suppliers") are brought together. The local music shop, the corner gas station, the wayside farmer's market—all are well-known markets. In order to keep things straightforward, we will concentrate on markets in this chapter that bring together a sizable number of independently acting customers and sellers to buy and sell standardized products. The most fiercely competitive markets in the economy have these features. They consist of the markets for wheat, stocks, and foreign currencies. In every one of these markets, there is demand, supply, price, and quantity. You'll soon realize that the interacting choices made by buyers and sellers are how the price is "found."
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Prof. business will have $1,600,000 saved up by retirement at age 65. the retired professor expects to live 20 more years after retiring. how large of an annual annuity withdrawal can prof. finance make at the beginning of each year under this scenario from an account paying 6. 5% compounded annually? round your answer to the nearest dollar.
Answer:
$136348.618
Explanation:
Strategy formulation is the process of choosing among different strategies and altering them to best fit the organization’s needs. True or false?.
This is a True and Firm Statement,
Strategy formulation is the process of choosing among different strategies and altering them to best fit the organization's needs.
The process of formulating a strategy involves using the knowledge already at hand to record the anticipated course of a firm and the practical procedures to achieve its objectives.
This procedure is used to allocate resources, set priorities, align the entire company, and validate business objectives.What three strategy formulations are there?It is helpful to think of the development of a strategy as one of three stages in the strategic management process:
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The norwegian kroner's (nok) value yesterday was $0.08133. today, its value is $0.08006. thus, the kroner ________ by ________ percent.
The norwegian kroner's (nok) value yesterday was $0.08133. today, its value is $0.08006. thus, the kroner Depreciated by 1.56 percent
(0.08006-0.08133)/0.08133=- 1.56
What is deprecation ?
Economic depreciation is a term used to describe the gradual decline in an asset's market value caused by important economic causes. This type of depreciation typically affects real estate, which can depreciate due to a variety of factors, including the addition of unpleasant development next to a property, the closing of roads, a drop in the caliber of a neighborhood, or other negative influences.
Accounting depreciation is distinct from economic depreciation. An asset is expensed over a predetermined period of time in accounting depreciation according to a predetermined schedule.
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Gross profit and income from operations are reported on a multiple-step but not on a single-step income statement. True or false
This is true! Gross profit and income from operations are not on a single-step income statement. Instead, they are reported on a multiple-step.
A company's net income is determined by adding together two significant subtotals in a multiple-step income statement:
Subtotal for a business that sells products is the amount of gross profitThe quantity of operating incomeThe single-step income statement is a different structure for an income statement that starts with operating revenues, nonoperating revenues, and gains before moving on to operating expenses, nonoperating expenses, and losses.
Multiple-Step Income Statement would look like this:
Net Sales 0.00
Cost of Sales 0.00
Gross Profit 0.00
SG&A Expense 0.00
Operating Inc. 0.00
Investment Inc. 0.00
Interest Expense (0.00)
Loss on Sales (0.00)
Net Income 0.00
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What is contractionary policy used for?
Answer:Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy. Contractionary policies aim to reduce the rates of monetary expansion by putting some limits on the flow of money in the economy.
Explanation:
Sparks inc. has a growing ________ market in the u.s. consisting of individuals and households that buy sparks' products for personal use.
Sparks inc. has a growing consumer market in the u.s. consisting of individuals and households that buy sparks' products for personal use.
What is a consumer market?This refers to the type of market when all individuals purchase their products or services for their own personal use. It is opposed to buying it to sell themselves. This market consist primarily of products that people use as part of their everyday lives.
Therefore, this leads to the conclusion that Sparks inc. has a growing consumer market in the u.s. consisting of individuals and households that buy sparks' products for personal use.
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In a simple model of the supply and demand for pizza, when buyers' income increases, the price of pizza ______ and the quantity purchased ______.
In a simple model of the supply and demand for pizza, when buyers' income increases, the price of pizza Increases and the quantity purchased increases.
What is the Law Supply and Demand ?
Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand.Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.To know more about Supply and Demand visit :
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L is no longer eligible for the employer's $50,000 group life insurance plan. l dies 28 days later without sending in the required conversion paperwork. what will their beneficiaries receive?
$50,000 minus any outstanding premiums
There is a grace period during the conversion phase. If a dismissed or ineligible employee passes away during the conversion period, regardless of whether they intended to choose individual coverage or not, the group insurance will pay the death claim, less the applicable benefit premium.
A Beneficiary is what?
A beneficiary is someone (or anything) who is chosen to profit from someone else's property. Beneficiaries typically get these advantages as a part of an inheritance.
In the legal agreements governing a life insurance policy, retirement account, brokerage account, bank account, and other financial instruments, a beneficiary may be named.
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.
Daisy enterprises has revenues of $400,000, fixed costs of $100,000, and variable costs of $500,000. daisy enterprises?
The Enterprise has revenues of $400,000, variable costs of $500,000, and fixed costs of $100,000. Daisy Enterprises should immediately stop as the revenue earned by the enterprise is less than the variable and fixed cost, to continue any enterprise should earn profit or revenue close to cost.
More about cost and revenue:
A variable cost is one that changes depending on the volume of output or the scope of the services offered. There shouldn't be any variable cost if no goods are produced or no services are rendered.
No matter how many units are sold, the fixed costs remain the same. The price you are selling the goods for less the variable costs, such as labour and materials, is your revenue.
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65% of males bought a snack when they rented a DVD and 40% of females bought a snack when they rented a DVD. This is an example where a researcher would:_____.
This is an illustration of how a researcher might check to see if the percentages of two populations differ.
For researchers, this evidences can now be used to determine if there is a difference between the percentages of two (2) populations. By taking a look at it, you can also tell that more men buy snacks when they watch movies in the comfort of their own homes, while fewer women do.
A researcher might want to compare two averages or percentages, and in this case, 65% and 40% are the two percentages.
If you are a marketing researcher who is comparing two groups of individuals or respondents to see if there are statistical and crucial differences between them, you must consider the groups to be two independent populations and in this scenario, you have evidence for male population versus female population.
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As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes:________
Marginal Utility is described in this example.
The additional pleasure a consumer has from owning one extra unit of an item or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy.
When the overall utility is increased by the consumption of an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit. To determine how consumer decisions are impacted by degrees of satisfaction, economists utilize the concept of marginal utility. The law of declining marginal utility is a principle that economists have also identified.
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The substitution effect of a change in the price of bananas refers to the way in which a change in the:______.
The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.
What is change in the price?
The difference between an asset's original and final values is known as the price change. It might be detrimental or beneficial. Investor choices are influenced by price movements. Investor confidence will be high for a financial instrument that exhibits a steady price increase over time.
Therefore,
The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.
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Given the following information, calculate the market price per share of wam inc. net income= $200,000 earnings per share= $2.00 stockholders equity= $2,000,000 market/book ratio= 0.20
The market price per share= 4.00 dollar
Market to-book ratio is the percentage of the market value of the company relative to its book worth.
WAM Inc's dataEarnings after interest and taxes = $200,000
Earnings per share = $2.00
Stockholders' equity = $2,000,000
Market/Book ratio = 0.20
Computation:
Market-to-Book Ratio = Market capitalization / Book value
0.20 = Market capitalization / $2,000,000
Market capitalization = $400,000
And,
Market value per share = Market capitalization / Number of shares due
Market value per share = $400,000 / 100,000 shares
Market value per share = $4
Note:
Number of shares due = Earnings after interest and taxes / Earnings per share
Number of shares outstanding = $200,000 / $2
Number of shares outstanding = 100,000 shares
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Speedy has net income of $20,955, and assets at the beginning of the year of $202,000. assets at the end of the year total $248,000. compute its return on assets.
Return on assets is mathematically given as
RA= 9.31%
This is further explained below.
What is the Return on assets?Generally, the equation for Average assets is mathematically given as
AA = (Beginning total assets +Ending total assets ) ÷2
Therefore
AA = (248000+202000)÷2= $225,000
Generally, the equation for Return on assets is mathematically given as
RA=20,955.00/225,000.00 *100
RA= 9.31%
In conclusion, Return on assets is mathematically given as
RA= 9.31%
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In the context of a database marketing campaign, _______ tells a business how much it should spend to maintain a relationship.
The Customer lifetime value helps to inform a business on how much it should spend to maintain a relationship in a database marketing campaign.
What is a Customer lifetime value?
A customer lifetime value guides to a ratio that tells about the total revenue that a business can politely expect from a single client.
Hence, the customer lifetime value enables the firm to know valuable customers which allow to know who to minister most importantly.
Therefore, the Option C is correct
Database marketing is a methodical approach to the community, consolidation, and processing of client data.
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The chubb group, an insurance company, regularly supplies funds for programming on the public television network. its donations are an example of?
The insurance company The Chubb Group often contributes money for program on the public television network. its donations are an example of corporate philanthropy
What is Corporate Philanthropy?
The Council on Foundations defines corporate philanthropy as the voluntary investments and endeavors a company makes to control and account for its social effect. Investments and actions in philanthropy include:
Donations of money and goods
provided voluntarily
Technical support
employee giving back
more commercial dealings
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The primary purpose of management is to ______; the primary function of leadership is to ______.
While producing change and movement is the main duty of leadership, maintaining order and consistency is the main goal of management.
Management must ensure that critical obligations are finished efficiently and efficiently (within the satisfactory way possible) (doing the right aspect). planning, organizing, main, and regulating are the 4 fundamental duties that managers must complete as a part of the management procedure. each manager performs planning as their essential management assignment. with out finishing a making plans function, the management can't accomplish another task.The act of motivating and directing a collection or an person to accomplish a task is called management.
Leaders encourage followers to do the stairs vital for fulfillment. gaining knowledge of and growing the applicable skills is vital to grow to be a outstanding chief.
Motivation and path the primary obligation of a pacesetter is to persuade and direct his team and inspire them to paintings hard to acquire the set targets. He must instill a experience of confidence and fervor some of the group individuals.
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American honda purchases over $20 billion worth of auto parts and materials every year. ________ are key players in the company's success.
Suppliers are key players in the company's success.
What are the functions of supplier?
A supplier is a person who supplies, sells, offers or exposes for sale, leases, supply or sells any biological or chemical substance or any plant to be used at a place of employment.
Who are suppliers in an organisation?
A supplier is considered as the person or organisation that provides a product or service to another business. Considering a reliable and competitively-priced supplier is important to the success of your business.
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To compute the percent change, divide the (analysis period amount - base period amount) by the _____ and multiply the result by 100.
To compute the percent change, divide the analysis period amount by the base period amount and multiply the result by 100.
The definition of a percentage change is an increase or reduction in value caused by changes in the old and new numbers. The change can therefore have a positive or negative value.
This is an increase in percentage if your response is a negative number. If you want to determine the percentage increase or reduction of numerous integers. While negative values denote a percentage decline, positive values denote a gain.
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Payments into a variable annuity contract are deposited to the insurance company's: ________
a. general account
b. special account
c. separate account
d. special memorandum account
The correct answer is (c) separate account.
Deposits made to variable annuities are made into a different investment account (i.e., one that is not part of the insurance company's main investment account). Shares of a chosen mutual fund are purchased using the separate account. The amount of the annuity received depends on how well the mutual fund shares performing in the separate account.
What is the function of a variable annuity?An agreement between you and an insurance company known as a variable annuity states that the insurer will pay you on a regular basis, either starting now or at a later time. A single purchase payment or a series of purchase payments are required to buy a variable annuity contract.
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Salsa caliente, inc., employs three hundred workers at four locations in two states. under federal law, salsa must provide each employee, during any twelve-month period, family or medical leave of:________
Under federal law, salsa must provide each employee, during any twelve-month period, family or medical leave up to twelve weeks.
What are the Federal law?
The corpus of legislation developed by a nation's federal government is known as federal law. When many political entities, such as states or provinces, unite to establish a federation, they cede most of their individual sovereignty and authority to the federal government while keeping or reserving other, more restricted, authorities. As a result, there are two or more tiers of governance inside a defined geographical area. Federal law is the body of legislation governing the shared central government. Australian, Brazilian, Canadian, German, Malaysian, Pakistani, Republic of Indian, Russian, former Soviet Union, and United States federal administrations are only a few examples.
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In an expanded accounting equation, revenues and expenses are an expanded part of ______. (check all that apply.)
In an expanded accounting equation, revenues and expenses are an expanded part of retained earnings, stockholder's equity.
What is revenue and expenses?Revenue can be defined as an income or money generated from the sales of goods and service while on the other hand expenses or expenditure are money spent at a particular or specific period of time.
Revenue should be higher than income, in a situation were expenses is higher than revenue or income this tend to lead to net loss.
Accounting equation is an equation that help to show the relationship that is between assets, liability as well as shareholder's equity. When preparing accounting equation the debit side balance must be the same with the credit side balance.
Therefore In an expanded accounting equation, revenues and expenses are an expanded part of retained earnings, stockholder's equity.
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A patient puts out 500 ml of blood immediately after chest tube insertion for a hemothorax. you should prepare this patient for which additional intervention?
A common result of traumatic thoracic injuries is hemothorax. Blood has accumulated in the pleural space, which could be found between the visceral and parietal pleura. A blunt or penetrating damage to intrathoracic or extra thoracic tissues that causes bleeding into the thorax is the most frequent mechanism of trauma. The chest wall, internal or external mammary arteries, great vessels, mediastinum, myocardium, lung parenchyma, diaphragm, or belly can all become engorged with blood and cause bleeding.
Although a CT scan is the ideal means of evaluating intrathoracic injuries, it might not be possible in a trauma patient who is unstable. Additionally, smaller hospitals might not always have access to CT scans. Traditionally, chest radiography has been used as a screening technique to look for injuries that are immediately life-threatening.
Hemothorax is a common symptom of blunt or penetrating trauma to the thoracic tissues. With an overall fatality rate of 9.4%, blunt mechanisms account for the majority of hemothorax occurrences. Less frequently, non-traumatic causes occur. Examples include infectious, iatrogenic, lung sequestration, vascular, neoplasia, and coagulopathies.
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