Answer:= SUM (C2: C40)
= SUM ($ C $ 2: $ C $ 40)
= SUM ($ C2: $ C40)
= SUM (C $ 2: C $ 40)
Explanation:
economies of scale are a barrier to entry because: [see pp.70-71] group of answer choices new entrants are positioned at the top of their learning curve new entrants are uncertain about their future costs which discourages then from making investments new entrants face a risk of retaliation from the incumbents whose large scale of operation allows them to flood the market new entrants face high unit costs either because they enter at sub-optimal scale, or they make a large-scale entry that initially operates with substantial excess capacity
Due to their entry at an unfavorable scale or their large-scale entry that initially runs with a significant excess capacity, new entrants must bear high unit costs.
What is meant by excess capacity?A firm producing at a lower scale of output than it was intended for is said to have excess capacity. It exists when the marginal cost is lower than the average cost and there is still room for average (unit) cost reduction through increased production of goods and services. Jobs are lost and resources are wasted if a corporation must shut down a plant due to having too much capacity. If the business is unable to cover the high fixed costs connected with production, a corporation with significant surplus capacity may suffer significant financial losses. A company that produces at less than optimal or ideal capacity, primarily due to decreased demand, is said to have excess capacity.To learn more about excess capacity, refer to:
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learning objective 01-07 identify the objective and qualitative characteristics of financial reporting information and the elements of financial statements. skip to question [the following information applies to the questions displayed below.] the objective of financial reporting is to provide useful financial information to capital providers. the primary decision-specific qualities that make financial information useful are relevance and faithful representation. to be relevant, information must possess predictive value and/or confirmatory value, and all material information should be included. completeness, neutrality, and freedom from error enhance faithful representation. the 10 elements of financial statements are assets, liabilities, equity, investments by owners, distributions to owners, revenues, expenses, gains, losses, and comprehensive income.
The elements of financial statements are assets, liabilities, equity, investments by owners, distributions to owners, revenues, expenses, gains, losses, and comprehensive income.
What is Financial Reporting?Financial reporting is the process of providing shareholders, investors, and creditors with financial information about a firm. Financial statements, such as the balance sheet, income statement, and cash flow statement, are frequently used to convey this data. Making judgements regarding the company's financial performance and future prospects requires openness and accountability, which are provided through financial reporting. Companies are often obliged to file financial reports on a regular basis, such as annually or quarterly, and financial reporting is controlled by accounting standards and laws.
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capitalization rates are primarily determined by participants in multiple choice question. the capital markets user markets the property market
Capitalization rates are primarily determined by participants in the property market. Thus, option (c) can be regarded as the correct option.
Give a brief account on capitalization rate.The capitalization rate, commonly referred to as the cap rate, is a term used in the world of commercial real estate to describe the projected rate of return on an investment property. This metric is produced using the predicted net income from the property and is expressed as a percentage by dividing net operating income by the estimated property asset value. The probable return on the investor's real estate investment is calculated using this method. The cap rate can be helpful for quickly comparing the relative values of comparable real estate investments on the market, but it shouldn't be used as the only metric to assess the strength of an investment because it ignores factors like leverage, the time value of money, and potential future cash flows from property improvements, among others.
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during 2019, grambling company purchased 20,000 shares of southern corp. common stock for $215,000 as a passive interest investment. the fair value of these shares was $226,000 at december 31, 2019. during 2020, grambling sold all of the southern stock for $240,000. grambling company should report a realized gain on the sale of stock in 2020 of
The Grambling company should report a realized gain on the sale of stock in 2020 of $14,000.
Index investing in one common passive investing strategy whereby investors buy a representative standard, similar as the S&P 500 indicator, and hold it over a long time horizon. Passive investing styles seek to avoid the freights and limited performance that may do with frequent trading. Passive investing’s thing is to make wealth gradationally. Also known as a steal- and- hold strategy, passive investing means buying a security to enjoy it long- term. Unlike active dealers, passive investors don't seek to benefit from short- term price oscillations or request timing. The underpinning supposition of passive investment strategy is that the request posts positive returns over time. Passive investing attempts to replicate request performance by constructing well- diversified portfolios of a single stock, which if done collectively, would bear expansive exploration.
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Even though commercial airlines have excellent safety records, in the weeks following a crash, airlines often report a drop in the number of passengers, probably because people are afraid to risk flying.
a. A travel agent suggests that since the law of averages makes it highly unlikely to have two plane crashes within a few weeks of each other, flying soon after a crash is the safest time. What do you think?
b. If the airline industry proudly announces that it has set a new record for the longest period of safe flights, would you be reluctant to fly? Are the airlines due to having a crash?
a. The statement that flying soon after a plane crash is the safest time because the law of averages makes it unlikely to have two plane crashes within a few weeks of each other is not accurate. Airline safety is determined by a variety of factors, including the maintenance and inspection of the aircraft, the training and qualifications of the pilots, and the adherence to safety procedures.
The fact that a crash has occurred does not indicate that the airline or the industry as a whole is unsafe. It's important to note that air travel is one of the safest mode of transportation in the world.
b. The announcement of a new record for the longest period of safe flights by the airline industry does not guarantee that a crash will not occur in the future. Airlines strive to maintain the highest level of safety, but accidents can happen due to a variety of unforeseen factors.
The fact that an airline or the industry as a whole has set a new record for safe flights does not indicate that a crash is overdue or that the airline is unsafe. It's important to consider the overall safety record of an airline and its adherence to safety regulations when making travel decisions.
What are airline regulations?Airline regulations are a set of rules that aviation authorities create and maintain. These regulations ensure that air travel is safe and simple for all passengers, so airlines must follow these important rules. The regulations supersede an airline's policy, explaining how airlines should handle key issues such as tickets, baggage regulations, and so on.
The Federal Aviation Administration regulates air travel and air traffic in the United States (FAA). In Europe, the European Aviation Safety Agency plays the same role, drafting important safety regulations that govern how airlines should operate.
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Please solve both parts
Assuming Panem does not produce anything else in 2020, GDP is equal to $ $71500
Therefore, Panem's per capita GDP growth is 3.63%
What is a market?A market is made up of various structures, organizations, procedures, and processes that allow people to exchange goods and services.
From the information that is given:
GDP = price * product
porridge= 1250*2 = 25000
oats= 2250 * 2 = 2500
clubs = 800 * 55 = 44000
∑GDP = 25000 + 2500 + 44000
= $71500
2020 GDP will be $71500
Part 2
The GDP per capita will be :
= GDP/population
= 71500/200
= 357.5
The GDP increased by 14%
= $71500* 1.14
= 81510
The population grew to 220
= 81510/220
=370.5
The percentage increases by
= [tex]((\frac{370.5}{357.5} ) - 1 ) * 100[/tex]
= 0.036*100
= 3.63%
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select the four issues related to distribution that are monitored by the government. multiple select question. tying arrangements requirement contracts price fixing exclusive territorial distributorships exclusive dealings price discounting
The four issues related to distribution that are monitored by the government are- tying arrangements requirement contracts price fixing exclusive territorial distributorships.
A dictatorship is a system of government in which a leader, or a group of leaders, exercise significant and unchecked power. A dictator is the head of a totalitarian regime. A dictatorship's inner circle of elites, which includes advisers, generals, and other high-ranking officials, is responsible for directing politics and facilitating it. The dictator maintains control by swaying and appeasing the inner circle while suppressing any opposition, which could consist of competing political ideologies, armed resistance, or disloyal inner circle members. A military takeover that forcibly topples the prior administration or a self-coup in which elected officials establish themselves as the new ruling class can both result in dictatorships. Totalitarian or autoritarian regimes constitute a dictatorship.To know more about dictatorship here
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needs assessment is a systematic evaluation of the organization, the jobs, and the employees to determine where training is most needed and what type of trianingis needed
Needs assessment training is needed for systematic evaluation of the organization, the jobs, and the employees to determine.
A training needs assessment indicates an employee's current skills and competency levels. This evaluation is then used to determine where each employee stands in terms of the required competency level needed for maximum performance and productivity in the present and future. The assessment should address resources needed to fulfill organizational mission, improve productivity, and provide quality products and services. A needs assessment is the process of identifying the gap between performance required and current performance. Firstly, the managers need to identify what skill set is required to complete the job or the process. Second, is to assess existing skill levels of the team members, and lastly, determine the training gap.
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draw a circular-flow diagram. identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. a. selena pays a storekeeper $1 for a quart of milk. b. stuart earns $8 per hour working at a fast-food restaurant. c. shanna spends $40 to get a haircut. d. salma earns $20,000 from her 10 percent ownership of acme industrial.
The income flow from firms to households and from households to firms is depicted in the circular flow diagram below. The company manufactures and sells goods and services to individuals. The households provide labor and other factor services in the manufacturing process for which they are compensated by the firm. As a result, goods, services, and payments are exchanged between the two.
(a) There is a flow of goods from firms to households because Selena buys the firm's goods (milk) and pays them $1 in exchange, so the flow of dollars is from household to firm.
(b) Stuart provides his services to the restaurant, so there is a flow from household to firm in the factor market as Stuart provides his services. Stuart also receives $8 per hour in factor payments, so the dollar flows from firm to household.
(c) The dollar ($40) movement is from household to firm because Shanna paid $40, whereas the flow of services in the form of haircut is from firm to household.
(d) Only the dollar flows in this case, as Salma earns $20,000 on her investment. The flow is from company to family.
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angela jones is considering two investments. the first produces $5,000 of tax-exempt income. the second produces income that will be subject to tax at a rate of 15%. which of the following statements is true regarding angela's choice? group of answer choices
According to the two investments stated and considered by Angela, both of the statements stand true as she gains profitable income in both of the investments.
If the second investment generates $5,500 of before-tax income, Angela should choose the first investment and if the second investment generates $6,500 of before-tax income, Angela should choose the second investment, so both of the statements are true. An investment is an asset or item purchased with the intention of earning revenue or increasing in value. An increase in the value of an asset over time is referred to as appreciation. When a person buys a good as an investment, the intention is not to consume the good but rather to use it to build wealth in the future.
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Indicate on which financial statement you would find each of the following item:
Cash provided by operations [SP2]O Balance Sheet O Income Statement O Statement of Cash Flows O Statement of Stockholder Equity
A cash flow statement, also known as a statement of cash flows
Which financial statement can I find cash?In contrast to the income statement, the cash flow statement records cash purchases more directly. In actuality, precise cash outflow events are completely absent from the revenue statement.A cash flow statement, also known as a statement of cash flows, reveals how much money is made and spent during a specific period of time. It is a key financial statement that analysts employ when constructing a three-statement model.Four financial statements serve as the foundation. In order, they are as follows: balance sheets, income statements, cash flow statements, cash flow statements, and statements of shareholders' equity.To learn more about financial statements refer to:
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now step forward to 2002, when the case was written. which of the following has changed? check all the you think changed between 1992 and 2002, based on the discussion in the case. group of answer choices the brand's accessibility the customer base the demands on the baristas the diversity of products
The case likely discussed changes in the brand's accessibility, customer base, demands on the baristas, and diversity of products between 1992 and 2002.
Based on the discussion in the case, it is likely that the following changed between 1992 and 2002:
The brand's accessibility (i.e. the number and location of Starbucks stores)The customer base (i.e. the demographic makeup of Starbucks customers)The demands on the baristas (i.e. the skills and responsibilities required of baristas)The diversity of products (i.e. the range of food and drink offerings available at Starbucks)It's important to note that without more context, it's hard to say for certain which of these items have changed, as the case may not have discussed all of these factors.
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Which of the following is not required on the cover pages of sec filings for traded securities? O a the exchange on which each class of security is traded.
The exchange on which each class of security is traded is not required on the cover pages of SEC filings for traded securities.
Companies will be required to disclose on the cover page the national exchange or principal S. market, trading symbol, and title of each class of securities registered under Section 12 of the Exchange Act.
What is SECU.S. The Securities and Exchange Commission (SEC) is an independent United States agency whose job is to protect investors from fraud, maintain the efficiency of securities markets, and help facilitate capital formation.
In general, shares that wish to be sold to the public, be it in the state or federal United States, must be registered with the SEC before being officially released. Likewise, financial companies, such as brokerage firms or asset management companies must first be registered with the SEC before officially offering their services to the public.
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How will you create the desired outcome?
To create the desired outcome, it is important to strategize and plan. Only a foolproof strategy and having set objectives can help create the desired outcome.
Having a clear goal or objective can help you understand more about the efforts required to achieve the objective and how they will affect your desired outcome.
When an objective is desired, there are many ways to approach it, and several processes are to be taken into consideration. It is important to understand the target before considering strategies or processes. Each process might lead to a different outcome. Hence, a desired outcome can only be created by proper analysis of each process.
After thoroughly reviewing each possibility of approaching the goal, the process that seems more concrete and foolproof and is more inclined towards the goals set can be considered, and the outcome will be the desired outcome.
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Well managed businesses scan the ____ environment for opportunities to compete effectively, which in turn creates jobs
Employers are created when well-run companies look for ways to compete successfully in the global market.
As part of the environmental scanning process, the internal and external environments of a firm are surveyed. Environmental scanning's primary objective is to spot possibilities and dangers while assisting management in deciding the organization's future route.
Executives of a company can stay informed of market changes with the aid of an environmental scan. A leader that is capable of critical thought and awareness will respond to situations that have an impact on their business and take advantage of the chances they bring in order to produce positive results.
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two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. determine the amounts of the missing items, identifying them by letter.
The amounts of the missing items are Finished good inventory June 1 $61,600 $46,200 $55,200 $540,000.
What is in an income statement?The sales , costs, and profitability of a business are displayed on an income statement over a certain time period. A profit-and-loss (P&L) or earnings statement is another name for it.One of a firm's financial accounts, an income statement or profit and loss account, lists the revenues and costs the company incurred for a certain time period. It explains how net income or net profit is produced from revenues.One of the three key financial statements that summarises a company's financial performance during a certain accounting period is the income statement.To learn more about income statement refer to:
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an investment adviser representative receives a written complaint from a client about the handling of the client's account. under the nasaa statement of policy on unethical practices, which statement is true? a a copy of the complaint must be filed promptly with the administrator b a copy of the complaint must be filed promptly with the sec c the complaint must be forwarded to a manager for resolution d all of the above
The correct answer is c) the complaint must be forwarded to a manager for resolution. When a client writes an investment adviser representative with a complaint about how the client's account has been handled, the complaint must be sent to a manager for resolution.
Tell them you're paying attention, that you're sympathetic to their situation, and that you understand their problem. Say that you want to work with them to make sure the problem is fixed in a way that satisfies them completely. It's time to address your customer's concern with a remedy.
Customers' need to be heard and understood is one of the main motives for their complaints. Simply listening to the client's issue as the first step in the complaint management process creates an atmosphere of empathy that encourages the customer to trust you.
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Assuming that a corporation has good values, which of the following statements about the alignment of personal values and corporate values are true? (All that apply)A. Matching personal values with corporation values is a key element of character.
B. Having misaligned personal and corporate values is unethical and is grounds for immediate dismissal.
C. Having personal values in conflict with corporate values helps develop credibility in the workplace.
D. If personal values are not in alignment with corporate values, a lack of integrity is possible.
A. Matching personal values with corporation values is a key element of character. D. If personal values are not in alignment with corporate values, a lack of integrity is possible.
What are corporate values?
Company values, also known as corporate values or core values, are a set of guiding principles and essential ideas that help a group of individuals work together to achieve a common business goal. These principles are frequently associated with customer interactions, business partnerships, and business growth. We respect everyone and conduct ourselves professionally. Integrity: Trust is built through moral behavior and genuine connections. Teamwork: When we work together as a group, we achieve more. Clear company values make it easier to ensure that all employees are working toward the same goals. Your company's culture is shaped and supported by your fundamental principles. As a result, these values should guide every business decision.
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under certain circumstances, a ______ may be issued without notice to the other party.
A temporary restraining order may be imposed in certain situations without giving the other party notice.
What is temporary restraining order?A judge may impose a temporary restraining order (TRO) before a trial to compel or prohibit an action for a predetermined period of time. A TRO can prevent patent, copyright, or trademark infringement in the short term while court battles involving trademark infringement or the use of a trade secret. You would first submit a petition for a family offence to the Family Court clerk. You can file on your own or with the assistance of an advocate. A judge will ask to talk with you following the filing of the family offence petition. The judge will issue a temporary order of protection if there is solid reason.To learn more about temporary restraining order, refer to:
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suppose you are currently employed as an assistant coach on a college lacrosse team and earn an hourly wage of $23. one night you decide to miss an optional one-hour practice and go to a concert instead, which costs $12.The total dollar cost of missing work and going to the rink, including the opportunity cost of your time, is
The total cost of missing work and going to the concert is $35 ($23 for the lost hour of work plus the $12 ticket cost).
What is opportunity cost? Opportunity cost is the cost of a missed opportunity. It is the value of the best alternative forgone when a decision or choice is made. Opportunity costs are not always monetary and can include other valuable resources such as time and energy. Opportunity costs are an important concept in economics and business management. When making decisions, it is important to consider the opportunity cost of a particular action. The opportunity cost of a choice is the value of the next best alternative that was not chosen. For example, if you choose to go to college, the opportunity cost of that choice is the earnings you could have made if you had chosen to work instead. Opportunity cost is a concept that encourages people to be mindful of the choices they make and to weigh the tradeoffs between different options. By understanding opportunity cost, people can make better decisions and more efficient use of their resources.To learn more about opportunity cost refer to:
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FILL IN THE BLANK Darvashi Delivery Co. owns three delivery vehicles, and a small building and land where vehicles are stored. These items are known as Devarshi Delivery Co.'s _______.
Three delivery cars, a small building, and land are all owned by Darvashi Delivery Co. The assets of Devarshi Delivery Co. are those things.
An asset is something that a person, company, or country owns or controls that has economic value with the intention of using it in the future. An organization's balance sheet lists its assets. They are separated into four groups: current, financial, fixed, and tangible.
They are acquired or produced in order to raise a company's value or improve the operations of the company. Whether it's manufacturing equipment or a patent, an asset can be viewed as anything that, in the future, can generate cash flow, lower expenses, or increase sales.
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Faaria wants to get some custom T-shirts printed for her basketball team. Shirts cost $10 each for the first 6 shirts and $5 each for every shirt over 6. What is the slope of the graph between 7 and 15 shirts?
For Faaria's custom T-shirts the slope of the graph is 5.
Cost of the first six shirts = $10
Cost of every shirt after the sixth = $5
The rate of change of one variable in relation to another is depicted by the slope of the graph. The equation for the same is y = mx + b, where x stands for the independent variable, y for the dependent variable, m is the slope, and b is the y-intercept, the slope of a line is typically represented by constant
In the given case, after the sixth shirt, the price of the T-shirts changes. The price is $10 per shirt for the first six items. Each additional shirt costs $5, up to a maximum of six. Therefore, each shirt from the seventh to the fifteenth costs $5. The rate of change of the cost in relation to the number of shirts is indicated by the slope of the graph between 7 and 15 shirts. Here the cost is constant $5 per shirt between 7 to 15 shirts. So the slope of the graph is 5.
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Financial Instrument Description Issued by nonfederal government entities, these financial instruments are debt securities that fund their capital expenditures. They are exempt from most taxes imposed in the area where the securities are issued. Issued by money-centered financial firms, these short-or medium-term insured debt instruments pay higher interest than a regular savings account. They are low-risk instruments and have low returns. These financial instruments are U.S. dollar deposits outside the United States that earn interest over a certain time period. Risk associated with these deposits depends on the risk of the issuing bank. Issued by corporations, these financial instruments fund their long-term financing requirements. Which of the following are money market instruments? Check all that apply. Commercial paper Common stocks O Treasury bills Eurodollar time deposits Long-term bank loans
Commercial paper Common stocks and Treasury bills are money market instruments. Bank accounts, including term certificates of deposit, interbank loans (loans between banks).
Money market mutual funds, commercial paper, Treasury bills, and securities lending and repurchase agreements are all included in money markets. The most significant parts of the Indian money market among them are Treasury Bills and call and short-notice money. In certain areas of the money market, accounts, financial institutions (FIs), and primary dealers (PDs) dominate. To meet its short-term obligations, the Indian Government issues Treasury Bills, or T-Bills. In India, they are regarded as the safest money market securities.
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paying property taxes is an example of a/an . group of answer choices conformity cost enterprise cost transaction cost overhead cost
The property tax is a levy on property that the owner is obligated to pay. It is a tax on the market value of privately owned property, including land, vehicles, business goods, etc.
What is transaction cost?Expenses incurred during market exchange are referred to as transaction costs. Costs associated with establishing market prices and creating and upholding contracts are some examples. Labor, travel expenses, broker fees, bank fees, commissions, etc. are a few examples of typical transaction costs. Diverse business contexts result in different transaction costs, both in type and size. However, these expenses are very important to running a corporation and fostering economic growth.The four basic categories of transaction costs are negotiation costs, opportunity costs, search costs, and policing/enforcement costs, according to theory. The average cost of one transaction is known as the cost per transaction. To figure this out, divide the total number of transactions by the total cost of all transactions.To learn more about transaction cost, refer to:
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Which one of the following is NOT the stage that customers go through in the process of adopting a new product? a. Awareness b. Interest c. Evaluation d. Culture
D: Culture is not the stage that consumers go through in the process of adopting a new product.
The customer adoption process refers to the stages that a customer goes through as they learn about, evaluate, and ultimately decide to use a new product or service.
Awareness: The customer becomes aware of the product or service and begins to gather information about it.Interest: The customer expresses interest in the product or service and begins to evaluate whether it meets their needs.Evaluation: The customer compares the product or service to alternatives and decides whether to purchase it.Trial: The customer may test or use the product or service on a trial basis before committing to a purchase.Adoption: The customer decides to fully adopt and use the product or service.Confirmation: The customer confirms that the product or service meets their expectations and continues to use it.Advocacy: The customer becomes an advocate for the product or service and recommends it to others.Thus, it can be seen clearly tha culture is no the stage that consumers go through in the adoptation process of a new product.
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which of the following are core principles in business communication? (choose every correct answer.)
Clarity and conciseness: Ensuring that the message is understandable and that no material is presented that is not essential. Using words and a tone that are acceptable for the target audience.
and the communication context. Active listening: Concentrating on and interacting with the speaker to fully comprehend what they are saying. Understanding and sensitivity to the requirements and viewpoints of the audience. Feedback: Giving and receiving feedback to enhance communication and reach common objectives. Honesty and integrity: Adhering to moral standards and being truthful, open, and straightforward in communication. Cultural sensitivity: Recognizing and respecting variations in communication methods and practices between cultures. Communication in a timely and effective manner, and rapid response.
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lassiter industries purchased equipment for $140,000. lassiter expects to use the equipment over the next 10 years. recording this transaction would include a multiple choice question.
Lassiter industries purchased equipment for $140,000. lassiter expects to use the equipment over the next 10 years. recording this transaction would include Debit to equipment for $140,000.
What exactly is a transaction?
A transaction is a business event that affects the financial statements of an entity financially and is noted as an entry in the accounting records of that entity.
The following are a few examples of transactions: paying a supplier for products or services received.
Which of the following includes a list of transactions that have an impact on each account?
The information required to create the balance sheet and income statement comes from a general ledger (GL), which keeps track of all activities that have an impact on a company's accounting components such assets, liabilities, equity, expenses, and revenue.
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Lucinda collects Kewpie dolls, and can afford to buy up to six dolls. The table below describes the marginal benefit Lucinda gets for each additional doll she adds to her collection.
Lucinda's Marginal Benefit of Kewpie Dolls
Kewpie Dolls Marginal Benefit (dollars)
1 $15.00
2 12.00
3 9.00
4 6.00
5 3.00
6 0.00
If the price of Kewpie dolls is $6.00 per doll, how many dolls would Lucinda buy if she is rational?
If Lucinda is rational, she will buy four Kewpie dolls. This is because the marginal benefit of the fourth doll is greater than the price of the doll. In other words, Lucinda would be willing to pay more than $6.00 for the fourth doll, so it makes sense for her to buy it.
The marginal benefit of the fifth and sixth dolls is less than the price of the dolls, so it does not make sense for Lucinda to buy them. The concept of marginal benefit is an important part of economic decision-making. It is the additional benefit or satisfaction that a person receives from consuming one additional unit of a good or service. In this case, Lucinda is using the concept of marginal benefit to determine how many Kewpie dolls she should buy. By looking at the marginal benefit of each additional doll, she can determine which dolls will give her the most satisfaction for her money. The concept of marginal benefit is closely related to the concept of marginal cost. Marginal cost is the additional cost incurred by consuming one additional unit of a good or service. In this case, the marginal cost of each Kewpie doll is $6.00. By comparing the marginal benefit of each doll to the marginal cost, Lucinda can determine which dolls will give her the most satisfaction for her money.
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suppose that canada produces syrup and lumber. resources are not specialized meaning that the same set of input is equally productive for making syrup or lumber. the shape of canada's production possibilities frontier is linear because the opportunity cost of producing more syrup, in terms of lumber remains constant with each additional syrup produced
Canada's production possibilities frontier is linear when it comes to producing syrup and lumber because the resources used to produce these goods are not specialized.
This means that the same set of inputs are equally productive for making syrup or lumber. As a result, the opportunity cost of producing more syrup, in terms of lumber, remains constant with each additional unit of syrup produced. This means that for every additional unit of syrup produced, the same amount of lumber must be given up. The slope of the production possibilities frontier represents the opportunity cost of producing one good in terms of the other good. In this case, the slope is constant, which results in a linear production possibilities frontier. Therefore, as Canada moves along the production possibilities frontier, it is able to produce more of one good only by giving up an equal amount of the other good.
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to develop the ability to break a frame or machine down into subsystems and to determine the forces developed at internal pin connections. frames and machines are systems of pin-connected, multiforce members. frames are designed to support loads, whereas machines are designed to transmit or alter the effects of loads. for a frame or machine to be in equilibrium, each member of the frame or machine system must be in equilibrium. free-body diagrams of the overall system, as well as individual members, groups of members, and subsystems, must be drawn.
In accordance with the attached diagram, since CB is a two force member, the two forces acting on it will be equal, opposite and in line.
What are frames and machines?The frame is made up of a number of stiff pieces, one of which must be a multi-force piece designed to serve as a load-bearing stationary structure. In order to perform mechanical work, a machine must convert one set of input loading forces into another set of output forces. A machine is a grouping of rigid elements that are intended to do this.
A minimum of one multi-force member must be included in frames, which are rigid, stationary constructions intended to support loads. Machines are flexible structures where the individual components can move in relation to one another. Cast iron, aluminum, stainless steel, brass, copper, and bronze are materials used to make machine frames.
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