The balance sheet reports the financial activities only for current accounting period is the correct statement.
What is an accounting period?The time frame utilised in bookkeeping during which management accounts and financial statements are created is known as an accounting period. The accounting period for management accounting is chosen by management and might vary greatly. Financial accounting rules establish the accounting period, which is usually 12 months. Depending on the jurisdiction, the accounting period's start date varies. The International Financial Reporting Standards allows the 52-week accounting term as an alternative to the 12-month period. A financial year may have more than 12 accounting periods in various ERP platforms. The carried over balances from the previous fiscal year and the transactions for the current fiscal year come to an end during the "Year Open" and "Year Close" accounting periods, respectively.
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required: 1. compute a departmental overhead rate for the molding department based on machine hours and a departmental overhead rate for the trimming department based on direct labor hours. 2. determine the overhead cost per unit for each part using the departmental rates.
To compute a departmental overhead rate for the molding department based on machine hours, we must first calculate the total overhead costs associated with the molding department.
What is the rate ?The rate depends on the type of work and the length of the project. A freelancer might charge a flat rate for a project, or an hourly rate for a longer project. Plagiarism-free work is a must for any project, and should be discussed and agreed upon before any work is done.
This includes the cost of indirect materials and supplies, indirect labor, depreciation, repairs, and any other expenses related to the department. Once we have the total overhead costs, we must then divide this figure by the total number of machine hours used in the molding department to get the rate.
To determine the overhead cost per unit for each part, we must first calculate the total overhead costs associated with the part. This includes the cost of materials and supplies, direct labor, and any other expenses related to producing the part. Once we have the total overhead costs, we must then divide this figure by the number of parts produced to get the overhead cost per unit. For the molding department, we can use the machine hours rate to calculate the overhead cost per unit. For the trimming department, we can use the direct labor hours rate to calculate the overhead cost per unit.
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When property rights are clearly defined and enforced, private owners will
a. use their property for selfish ends because they have little or no incentive to consider the
desires of others.
b. develop and direct their property toward uses that others value highly because the market
will generally reward them for doing so.
c. have little or no incentive to take care of their property or conserve it for the future.
d. be unable to derive personal gain if they are sensitive to the desires of others when
deciding how to use their property.
Property rights will create and direct their estate toward uses that others appreciate highly so because market will normally reward them for it if land rights are narrowly outlined and imposed.
The correct answer is B.
What is the most likely outcome of a system of well-defined and enforced personal property rights?Owners of resources will benefit from discovering and utilizing their materials in ways that are greatly regarded by others.
What happens when land rights really aren't clearly defined?Externalities occur because once land rights are not clearly defined or effectively enforced. "Negative externalities" occur so when costs of producing a good fall on people other than the ones who decide the amount or if should produce that good.
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in 2017, the fiesta, a subcompact car manufactured by ford, was known to catch on fire when rear-ended, even at inner-city speeds. this stripped consumers of their right to group of answer choices choose. be informed. be protected.
In the 1970s, the Pinto, a subcompact car manufactured by Ford, was known to catch on fire when rear-ended, even at inner-city speeds. This stripped consumers of their right to safety.
Safety as a Right means having the legal right to be shielded from the promotion of products and services that endanger life and property.
The items and services obtained should serve their long-term interests as well as their present requirements.
Quite simply, the right to safety can be described as follows: Everyone has a right to the maximum level of protection possible against risks that are both natural and man-made.
Other economic, social, and cultural rights recognised in international human rights accords lend weight to this notion. Many products need extra care to be taken to ensure their safety.
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Where would you plot full employment on a production possibilities frontier?
a point on the PPF
a point beyond the PPF
a point below the PPF
No answer text provided.
At locations on the PPF like D and E, production happens when resources are completely used. Production takes place at a point inside the PPF, such as point H, when resources are idle.
What does the production possibilities curve for full employment mean?Any point on the curve (full employment) represents the output configuration that can be achieved at the highest level using the available resources and technology. Therefore, if resources and technology remain fixed, output cannot increase.
Does any point on the PPF demonstrate complete resource utilization?The PPF point is referred to as an achievable point since it represents the maximum economic efficiency and the absence of resource scarcity.
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a country’s national competitive advantage and its attractiveness as a location for international business are most influenced by:______.
A country's national competitive advantage and its attractiveness as a location for international business are most influenced by a well-developed education system.
What is national competitive advantage?
A country's capacity to compete effectively in global markets is measured by its national competitive advantage. For a variety of reasons, some countries are more advantageous than others. Governments can analyse their strengths and shortcomings in order to boost their national competitive advantage and encourage economic growth. Michael Porter, an economist, created one of the most well-liked assessment frameworks for this reason. Resources contribute to some of a nation's competitive edge. These include persons with unique talents as well as human capital, which includes both natural and human capital. Resources may be expanded by nations to give them a competitive advantage.
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danny is trying to determine if he should purchase equipment for his business this year or next year. he is currently in the 28% tax bracket and will be able to expense the equipment in the year he purchases it. with the new equipment, he believes that his marginal rate will increase to 33% next year. the cost of the equipment is $20,000 and his after-tax rate of return is 6%. calculate the after-tax cost of the equipment for both years and choose the correct statement below. year4%5%6%7% 1.962.952.943.935 2.925.907.890.873 3.889.864.840.816 4.855.823.792.763 5.822.784.747.713
Currently: 20,000 times 0.28 equals 5,600; 20,000 minus 5,600 is $14,400. In the following year: 20,000 x 0.33 = $6,600 x 0.943 (PV) = 6,224; 20,000 Minus 6,224 = 13,776.
$14,400 > $13,776 —> Next year since it's less expensive
What tax bracket applies to married couples filing jointly in 2022?When married couples file jointly, the tax rate is 32% for incomes over $170,050 ($340,100); 24% for incomes over $89,075 ($178,150); 22% for incomes over $41,775 ($83,550); and 12% for incomes over $10,275 ($20,550).
Does Andre get to choose between getting $1,800 today or $1860 in a year?Andre might choose to get $1,800 right away or $1,860 a year from now. Andre would have $1 in a year if he can invest the money and make 4 percent this year. He ought to accept the $2 ($1,800/$1,860). (Instead of using words, the solutions should be expressed as numbers.)
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you own a small business that sells shoes. you're ready to run your first smart shopping campaign that uses a set budget. how does the system allocate budget on a smart shopping campaign?
You must design a different campaign for each channel since budget is automatically allotted by campaign; Smart Shopping will then maximize budget. Based on performance, the budget is automatically distributed among the channels.
What do you mean by budget?
In order to estimate future revenue and expenses, a budget is a financial document. A budget, in its simplest form, is a plan that accounts for current expenditure, future savings, and anticipated income.
Surplus, Balanced, and Deficit Budgets are the three types of yearly government budgets based on estimates. A budget is said to be balanced when the revenues are larger than or equal to the expenses.
How does the system distribute funding for a campaign promoting smart shopping?
According to performance, funding is distributed automatically across channels. There is no requirement that you build a different campaign for every channel.
Your preferred channels are taken into account when manually allocating the budget across them.
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old navy sells fashionable clothing for relatively low prices. what type of income is used to purchase clothing and other necessities from a retailer like old navy?
The given case is represented by the product line stretching and lengthening strategy.
This is referred to as expanding a present product line. There are three conceivable outcomes: either an upward, downward, or both results. increasing downward. A less dramatic example is the procedure of introducing a new product to an already existing product range. As a method of business growth known as "line stretching," new goods are introduced with different or added characteristics while still being part of the same product line. Other varieties include line filling, upward stretching, and two-way stretching. Hegemony is the domination or leadership of one group over another. Hegemony can be seen in the student government of a school.
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An effective customer value proposition meets which three criteria?
It outlines the differences. It is important. It clearly describes particular benefits.
What three factors combine to form the customer value triad?Quality, durability, and price make up the trinity of customer values. The distribution network for a marketer of hair care goods can include Walmart and Target outlets.
What three characteristics make a mission statement effective?Pick the top three elements of a strong mission statement. A company's mission statement should be clear and succinct, define the role the company plays in society, and present an inspiring, long-term vision for the business.
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suppose a firm in the 40% federal-plus-state tax bracket needs to pay $1 in dividends to its shareholders. what is the pretax income it should have to pay this dividend?
The pre-tax income it should have to pay this dividend is $1/ (1-.4) = 1.67.
What is pre-tax income?
Pretax income, which is often referred to as earnings before taxes or pretax earnings, is the net profit that a company makes before deducting or accounting for taxes. However, pretax income takes into account deductions for interest, depreciation, and operational costs. The operational and interest expenses are subtracted from the gross profit to determine the pretax earnings, therefore $100,000 - $60,000 = $40,000 is the result. The pretax earnings margin for the specified fiscal year (FY) is $40,000 / $500,000 or 8%. Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.
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in the lecture, when there is a purchase or manufacture in the operating cycle, what happens to cash?
When there is a purchase or manufacture in the operating cycle, the cash will decreases.
An Operating Cycle (OC) is the number of days it takes for a company to receive inventory, sell goods, and earn cash from the sale of inventory. This cycle is crucial in determining a company's efficiency.
All of the following elements determine the length of the operational cycle:
Payment conditions offered by the company's suppliers. Longer payment periods reduce the operational cycle since the corporation can postpone cash payments.Because a greater expected beginning fulfillment rate increases the amount of inventory on hand, the order fulfillment policy lengthens the operational cycle.The credit policy and payment terms, because looser credit means a longer period until clients pay, which lengthens the operational cycle.Learn more about operating cycle here:
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the way to achieve unity and coordination is through the use of which written procedures that specify what companies will do when they arrive at the emergency scene?
Standard operating procedure will do when they arrive at the emergency scene.
A corporation will develop a standard operating procedure (SOP) to guide staff through doing routine tasks. SOPs aim to improve efficiency, high-quality output, and consistency of performance while decreasing misconceptions and failure to follow industry regulations. Some military forces use the term standing operating procedure since a military SOP relates to a unit's own protocols, which are not always common to another unit. The term "standard" might indicate that every unit must employ the same methodology. The expression is occasionally used in a sarcastic manner to characterize common yet harmful activities. For instance, "SOP" in the Philippines refers to pervasive corruption throughout the country's institutions of government.
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the payback period rule accepts all projects for which the payback period is: multiple choice greater than the cut-off value. less than the cut-off value. positive. an integer.
The payback period rule accepts all the projects for which payback period is less than cut-off value.
What is payback period?The amount of time required to recoup the cost of an investment is known as the payback period. The payback period is crucial since people and businesses invest money primarily to be compensated. The faster an investment pays out, the more appealing it is in theory. Anyone can utilise the payback time calculation method, which entails dividing the initial investment by the projected cash flows. The payback period is a common technique used by businesses, financial experts, and investors to gauge investment returns. It makes estimating the amount of time it will take for an investment to pay for itself easier. Before drawing any conclusions, this data is helpful, especially when a quick assessment of a suggested investment effort is required.
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you are stuck in traffic on the way to the customer presentation. how will you notify your teammate to stall for 10 minutes?
On the way to the client presentation, traffic is backed up. I'll send an IM to my teammate telling him to wait for me there for 10 minutes.
What does it mean to send an IM?Instant messaging, often known as IMi-ng or IMi-ng, is the practice of exchanging messages in close to real time through a standalone application or embedded software.
How does an IM work?The majority of IM applications link to an internet IM service provider, which transports messages between users and verifies their identities. An effort is made to establish a connection to a particular company's IM server, when you run an instant messaging program, also referred to as an IM client.
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which type of life cycle would require customer commitments that are the most spread out in chunks of time versus concentrated in a single block of calendar time?
Iterative life cycle would require customer commitments that are the most spread out in chunks of time versus concentrated in a single block of calendar time.
Iterative (agile) life cycles are made up of multiple repetitions of one or more phases before moving on to the following one. Only when user input is accessible to be utilised as the foundation for fresh cycles of development, refinement, and improvement can iterative techniques be carried out.
The iterative concept is shown through prototyping, the Rational Unified Process (RUP), agile development, and rapid application development.
The advantage of an iterative life cycle is that modifications may be handled during planning and until the following iteration with less financial effect. Because the product is better understood utilising this specific project management life cycle, this also leads to less feedbacks. A lifecycle for an iteration is completed with a heavier emphasis on planning.
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on july 1, 2023, smith industries signed a $160,000, one-year, 5 percent note payable. the principal and interest will be paid on june 30, 2024. how much interest expense should be reported on the income statement for the year ended december 31, 2023?
The amount of interest expense that should be reported on the income statement for the year ended December 31, 2023 is calculated as follows:
Interest rate = 5%
Principal = $160,000
Interest for 1 year = Principal * Interest rate
Interest for 6 months = Interest for 1 year / 2
Interest expense = Interest for 6 months
Interest for 1 year = $160,000 * 5% = $8,000
Interest for 6 months = $8,000 / 2 = $4,000
Interest expense = $4,000
So, the interest expense that should be reported on the income statement for the year ended December 31, 2023 is $4,000.
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blue discounts a 90-day note for $20,000 (maturity value) at 4%. the bank discount is (assume ordinary interest):
Blue Discounts, which takes into account the interest charged on the loan, the bank discount is $160.
A discount is a reduction in the face value of a financial instrument such as a loan or a bond.
To calculate the bank discount, we need to first find the interest (or finance charge) on the loan. This can be found using the formula:
=> interest = Principal x Interest rate x Time.
In this case, the principal is $20,000, the interest rate is 4%, and the time is 90 days, so the interest is
=> $20,000 x 4% x 90/365 = $160.
Next, we subtract the interest from the face value of the note to find the amount received by Blue Discounts. In this case, the face value of the note is $20,000, and the interest is $160, so the amount received is
=> $20,000 - $160 = $19,840.
Finally, the bank discount is found by subtracting the amount received from the face value of the note.
In this case, the face value is $20,000 and the amount received is $19,840, so the bank discount is
=> $20,000 - $19,840 = $160.
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marquis company uses a weighted-average periodic inventory system and has the following purchases and sales: august 2 28 units were purchased at $9 per unit. august 18 33 units were purchased at $11 per unit. august 29 30 units were sold. what is the amount of the cost of goods sold for this sale? (round average cost per unit to 2 decimal places.) group of answer choices $274.00
Marquis company's amount of the cost of goods sold for this sale is $302.40.
Costs of Goods Sold (COGS) are the expenses incurred over a specific time period to produce your goods.The total of all direct costs incurred in producing a good constitutes the cost of goods sold (GOGS).
It can be found on an income statement and usually includes money spent on labor and raw materials. It excludes commissions connected to marketing, sales, or distribution.
28 units * $9per unit = $261
33 units * $11 per unit = $363
Average cost per unit = Total cost/Total units available
= [(28*9)+(33*11)]/(28+33)
= 615/61
= $10.08
Cost of Goods Sold = 30 * 10.08
= $302.40
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a 7-year bond has a coupon rate of 3%, a yield-to-maturity of 3.8%, a current yield of 3.4%, and an estimated one-period holding return of 5%. if you invested $1000 in this bond, how much more money you are expected to get after holding this bond for a year?
You are expected to get $51.82 more after holding this bond for a year. The formula for YTM takes into account the coupon rate, the price of the bond, and the time to maturity.
The concept used to answer the question is yield to maturity (YTM), which is a measure of the expected return on an investment in a bond if the investor holds the bond until it matures. In this case, the YTM of the bond is 3.8%, and the estimated one-period holding return is 5%. The difference between these two values represents the expected return on the bond after holding it for one year. To find out how much more money you are expected to get after holding the bond for a year, we need to calculate the estimated holding return.
The estimated holding return is calculated as follows:
Holding return = (Coupon payment + Capital gain/loss) / Beginning market price
Here, the coupon payment = 3% * $1000 = $30
The estimated one-period holding return = 5%
The capital gain/loss = Ending market price - Beginning market price
Using the relationship between coupon rate, yield-to-maturity, and market price, we can calculate the ending market price:
(Coupon payment + Principal) / (1 + Yield-to-maturity)ⁿ = Market price
Where n = number of periods (in this case, 1 year)
Substituting the values, we have:
($30 + $1000) / (1 + 0.038)¹ = $1011.82
So, the capital gain = $1011.82 - $1000 = $11.82
Finally, the estimated holding return = ($30 + $11.82) / $1000 = 0.05182, or 5.182%.
Therefore, you are expected to get $1000 * 0.05182 = $51.82 more after holding this bond for a year.
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in the 1970s, some developing economies with certain natural resources managed to gain some power over more industrialized economies through the work of which organization?
Through the efforts of a few individuals in the 1970s, developing economies with particular natural resources were able to exert some control over more industrialised economies.
What is the example of individuals?
existent and taken into account independently of the other things or individuals in a group: Handwork is used to complete each unique table. given to or pertaining to a solitary, distinct entity or person: Every case is handled uniquely by us. Personal life is defined by a person's decisions and preferences outside of the workplace, such as their mate, friends, hobbies, cultural interests, and clothing choices. Particularly, one's personal life is defined by the activities they participate in during their free time.
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which of the following is not among the top 10 skills required for jobs in the 21st century? group of answer choices negotiation good gpa people management critical thinking
The top 10 talents needed for jobs in the 21st century do not include flexibility.
What employable abilities are necessary in the workplace of the twenty-first century?Digital literacy, problem-solving abilities, creativity, critical thinking, and cooperation abilities are among the most prevalent 21st century skills. Critical thinking, digital literacy, and creativity are the three key competencies linked to employability.
Why are soft skills crucial in the modern era?Because they have experience and interpersonal skills that make it simpler for them to adjust than others who lack these abilities, employees with great soft skills have the capacity to grow and thrive in any situation.
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Answer:
Explanation:
. Good GPA - Correct
pensions meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). she would like to retire with a pension of $50,000 per quarter for 15 years. if she works 27 years before retiring, how much money must she and her employer deposit each quarter? (round your answer to the nearest cent.)
If she works for 27 years before retiring, she and her employer must deposit the requisite $4659 per quarter.
Why should I retire into?
to enroll into a specific circumstance or set of terms after retiring. I had the bad luck to retire during a recession, which meant that either my investments weren't performing as well as I had anticipated, or else they were really losing money.
Can you leave your work and retire?
There are various retirement options, including the following: Early Retirement: You might be able to leave your job early and take advantage of your employer's retirement benefits. Fazed Retirement: Your employment ends gradually over time and is followed by retirement.
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Doeringer's research suggests that Japanese managers pay ___ attention to values and ___ attention to business performance.
According to Doeringer's research, Japanese managers give both company performance and values a lot of attention.
Which of the following categories best fosters and rewards innovation?A "culture of innovation" refers to the type of corporate culture that fosters innovation. The way we operate is just our culture. You may create an organizational culture that encourages innovation by altering the way you work to engage more creatively and innovatively.
What kind of emphasis does the involvement culture place on employee involvement and participation to quickly fulfill changing environmental needs?The involvement culture emphasizes an internal focus on employee participation and involvement in order to quickly adjust to the environment's changing needs. Considering the requirements of employees is highly valued in this culture, and the workplace may have a compassionate, family-like feel.
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which term defines when activities are incompatible so that more of one thing necessitates less of another activity? multiple choice question. straddling balanced approach productivity trade-off
When two activities cannot coexist, a trade-off must be made wherein more of one activity requires less of the other. Competition is rife with positioning trade-offs, which are crucial to strategy.
What exactly does the term "tradeoffs" mean?The trade-off or compromise occurs when one thing is given up in favor of another. Students might have to pick between someone lower hourly rate with a more prime location while looking for after-school work.
Why do people succumb to pressure?One of the fundamental tenets of economics is the concept of trade-offs, which holds that in order to have more of one thing, you must be willing to tolerate having less of another.
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a manager's operation currently has an average sale per guest of $9.00. for the upcoming accounting period, the manager predicts 8,000 guests will be served at a check average 5% higher than the current average sale per guest. what will be this manager's revenue forecast for the upcoming period?
The manager's revenue forecast for the upcoming period is $76,360.
What is manager's revenue?Manager's revenue is the total income generated by a manager or business leader through the sale of goods or services, as well as any other activities under their purview. Revenue is the most important metric for assessing the performance of a business or individual manager and is used to determine profitability and inform decision-making.
The manager's revenue forecast for the upcoming period can be calculated by multiplying the predicted number of guests served (8,000) by the predicted average sale per guest (5% higher than the current average of $9.00, or $9.45).
Thus, the manager's revenue forecast for the upcoming period is $76,360, calculated as 8,000 x $9.45 = $76,360.
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which forecasting method is particularly good for predicting technological changes and scientific advances?
Delphi's method is particularly good for predicting technological changes and scientific advances.
What is the Delphi method?
The Delphi method is a structured communication framework and forecasting procedure that is based on the responses to numerous rounds of questionnaires distributed to a panel of experts. Each expert is given a summary of the results from the previous round of surveys after each round, allowing them to modify their responses in light of the consensus. The advantages of expert analysis and aspects of the wisdom of crowds are combined in this technique. The group of experts receives several rounds of surveys, and after each round, the anonymous replies are compiled and shared with the group. In the following rounds, the experts are free to modify their responses in accordance with how they understand the "group response" that was given to them.
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on december 31, we had accrued taxes of $6,000. what account would we credit when we record this adjusting entry in the general journal?
The account to which we would post a credit note when posting this correction entry in the summary journal is the accrued tax payable account. This account is used to record taxes that are owed to the government, such as income taxes, sales taxes, etc.
These taxes are accrued or accrued during the current period but have not yet been paid. The adjusting entry would be to credit the Accrued Taxes Payable account for $6,000 and debit the Expense account for the same amount to record the tax-related expense. An adjustment is necessary to ensure that taxes are properly accounted for in the current period, even if they have not yet been paid.
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edward has been applying for jobs for a few months. he has been living on his savings, and now has about $300 in his bank account. of the scenarios listed, in which does edward have the most leverage?
The scenario in which Edward has the most leverage is if he can find a job that pays him a salary and provides benefits, such as health insurance. This way, he can ensure he has a steady income and access to other important resources.
Having a steady income and access to benefits such as health insurance is essential for any individual. Edward has been searching for a job for a few months, and his current financial situation has him living off his savings with only $300 in his bank account. Therefore, he has the most leverage if he can find a job that pays him a salary and provides health insurance.
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sally is a real estate salesperson. how many hours of continuing education must she complete before the license expiration date in order to renew it for another four years?
Sales of real estate are done by Sally. Before her license expires, she must complete 45 hours of continuing education in order to extend it for an additional four years.
How much time is left until a licensee must renew their permit?The license will automatically go inactive at the conclusion of the license period if the license holder doesn't really renew it before the expiration date. After 24 months, the licensee then must renew the license or begin the application process over again, failing which they are not permitted to continue operating.
How many hours of CEUs must she complete prior to her license's expiration in order to extend it for a further four years?In the two years prior to license expiration, a minimum of 80 hours of CE must be completed, including: at minimum of 20 hours, such as 12 hours in technical subject matter, must be finished each year of the 2 license renewal period.
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mental disabilities, such as depression and bipolar disorder, covered under the americans with disabilities act. managers should .
The concept is Disabilities. It is the experience of any condition that makes it more difficult for a person to do certain activities
The answer is are, treat internal disabilities as they would physical disabilities.
A disability is defined as a condition or function judged to be significantly bloodied relative to the usual standard of an individual or group. The term is used to relate to individual functioning, including physical impairment, sensitive impairment, cognitive impairment, intellectual impairment internal illness, and colorful types of habitual complaint.
Disabilities can impact people in different ways, indeed when one person has the same type of disability as another person.
Question
Mental disabilities, similar as depression and bipolar complaint---------------covered under the Americans with Disabilities Act. directors should--------------.
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